Goods Industry Research Articles

Effect of Intellectual Capital on Financial Performance of Listed Consumer and Industrial Goods Companies in Nigeria

The study examined the effect of intellectual capital on the financial performance of listed consumer and industrial goods firms in Nigeria from 2013 to 2022. The population of the study consisted of thirty-two (32) listed consumer and industrial goods firms on the Nigeria Exchange Group, from which a sample twenty-six (26) firms was chosen using the purposive sampling technique. The study used secondary data that was taken from the companies'financial statements, and it employed a longitudinal panel research design. The results showed that capital employed by the listed consumer and industrial goods firms in Nigeria has a positive and significant effect on the financial performance. However, the study found that human capital has no significant effect on the financial performance of listed consumer and industrial goods firms, while structural capital has a negative but significant effect on the financial performance. The study recommends that listed consumer and industrial goods firms should strategically invest to optimize capital employed as this will improve the financial performance.

The Impact of CSR Activities on Consumer’s Purchase Intentions: A Study of Consumer packed Goods (CPG) Industry of Pakistan

The Impact of CSR Activities on Consumer’s Purchase Intentions: A Study of Consumer packed Goods (CPG) Industry of Pakistan

Pengaruh Profitabilitas, Likuiditas dan Solvabilitas Terhadap Pengungkapan CSR

This research aims to examine the influence of profitability, liquidity and solvency on corporate social responsibility disclosure. The sampling technique uses purposive sampling technique. The sample in this study consisted of 47 companies from a total population of 78 manufacturing companies in the consumer goods industry sector registered on the IDX in 2020-2022. Testing was carried out using multiple linear regression, F test and T test. The regression results show that Profitability has an effect on Corporate Social Responsibility. Liquidity has no effect on Corporate Social Responsibility. Solvency has no effect on Corporate Social Responsibility.

EXCHANGE RATE AS A MODERATING VARIABLE: EFFECT ON STOCK PRICES

This study aims to determine the effect of financial ratios and assets on stock prices with exchange rates as moderating variables. In this study, the variables used are Return On Asset (ROA), Earning Per Share (EPS), and Fixed Asset Value. The data used in this study are secondary data from the IDX and the company's annual report. The population used in this study are consumer good industry sector companies listed on the Indonesia Stock Exchange in the 2018-2022 period. The analysis technique is the MRA (Moderated Regression Analysis) test using SPSS software version 29. The results showed that EPS, Fixed Assets and Exchange Rates affect stock prices, while ROA does not affect stock prices. The moderating variable test in this study shows that Exchange Rate can moderate EPS.

Far from Their Origins: A Transcriptomic Investigation on How 2,4-Di-tert-butyl-6-(5-chloro-2H-benzotriazol-2-yl) Phenol Affects Rainbow Trout Alevins.

Benzotriazole ultraviolet stabilizers (BUVSs) are a group of widely used chemicals added to a variety of consumer (e.g., plastics) and industrial (e.g., metal coating) goods. Although detected globally as an environmentally persistent pollutant, BUVSs have received relatively little toxicological attention and only recently have been acknowledged to affect development and the endocrine system in vivo. In our previous study, altered behavior, indicative of potential neurotoxicity, was observed among rainbow trout alevins (day 14 posthatching) that were microinjected as embryos with a single environmentally relevant dose of 2,4-di-tert-butyl-6-(5-chloro-2H-benzotriazol-2-yl) phenol (UV-327). In the present follow-up study, we performed whole-transcriptome profiling (RNA sequencing) of newly hatched alevins from the same batch. The primary aim was to identify biomarkers related to behavior and neurology. Dose-specifically, 1 to 176 differentially expressed genes (DEGs) were identified. In the group presenting altered behavior (273.4 ng g-1), 176 DEGs were identified, yet only a fraction was related to neurological functions, including water, calcium, and potassium homeostasis; acetylcholine transmission and signaling; as well insulin and energy metabolism. The second objective was to estimate the transcriptomic point of departure (tPOD) and assess if point estimate(s) are protective of altered behavior. A tPOD was established at 35 to 94 ng UV-327 g-1 egg, making this tPOD protective of behavioral alterations. Holistically, these transcriptomic alterations provide a foundation for future research on how BUVSs can influence rainbow trout alevin development, while providing support to the hypothesis that UV-327 can influence neurogenesis and subsequent behavioral endpoints. The exact structural and functional changes caused by embryonic exposure to UV-327 remain enigmatic and will require extensive investigation before being deciphered and understood toxicologically. Environ Toxicol Chem 2024;43:2026-2038. © 2024 The Author(s). Environmental Toxicology and Chemistry published by Wiley Periodicals LLC on behalf of SETAC.

Volatility and Return Connectedness Between the Oil Market and Eurozone Sectors During the Financial Crisis: A TVP-VAR Frequency Connectedness Approach

This paper analyzes the returns and volatility connectedness between oil prices and Eurozone sector returns during the global financial crisis. We employ the TVP-VAR frequency connectedness approach with daily data of Brent prices and 18 Eurozone supersector indices from 15 November 2014 to 24 November 2023. Our results show a high average connectedness of the returns and volatilities. Industrial Goods are the largest transmitter contrariwise Media supersector is the largest receiver of shocks on returns. The same finding is for volatility, the result shows that Industrial Goods and Services transmit the highest risk in contrast, the Media has the highest receiver volatility indices. The time-varying connectedness (TCI) of returns and volatilities in both show a drastic increase in March 2020. This increase is a result of COVID-19. Whereas, there has been no rise in connectivity following Russia’s invasion of Ukraine. Our result highlighted that Brent was a net receiver of volatility shocks during the Russian invasion of Ukraine.

Key Industrial Sectors In The Sulampua Area As A Result Of Nusantara Capital City Development

This study aims to determine the sectors that need to be developed in the non-golden triangle area of the SULAMPUA region as a result of the Nusantara Capital City (NCC) development. Descriptive research is being conducted utilizing secondary data from Statistics Indonesia’s 2016 IRIO (Inter-Regional Input-Output) table. The IRIO model is used in data analysis for 20 secondary sub-sectors. The SULAMPUA region comprises 10 provinces, with the Golden Triangle region comprising South Sulawesi, Central Sulawesi, and West Sulawesi. The study results show that to take advantage of opportunities for the development of NCC, several key industries need to be developed for non-golden triangle areas, namely the food industry (I-13), non-metallic mineral goods industry (I-21); other processing industries, machinery and equipment repair and installation services (I-27); and the wood industry, goods from wood and cork, and woven goods from bamboo, rattan, and the like (I-17). Maluku, Papua, and West Papua provinces have relatively little opportunity to develop the industrial sector and benefit from moving NCC. Because the sectors connected directly or indirectly and the key sectors of these three provinces are capital-intensive industries, MSMEs have more significant barriers to entry. This research can be a reference for local governments in exploring potential industrial sectors to be developed to achieve NCC development opportunities.

Kesiapan Rumah Sakit Indonesia Menghadapi Kompetensi Medicaltourism Di Asiatenggara

Medical tourism or health tourism is a travel activity to get health services. Many Indonesian citizens choose to seek treatment abroad because Indonesia does not have a good health industry. This of course causes a reduction in state revenues in the health and tourism sectors. The writing of this article aims to determine the factors that influence people's interest in seeking treatment abroad so that they can be input for hospitals in Indonesia to be able to compete against medical tourism which is growing rapidly in Southeast Asia. The method used is to review the articles obtained from the database using inclusion criteria and keywords. The results obtained indicate that the factors that attract patients to get services in hospitals are high quality services, served by communicative medical personnel and staff, competent with international expertise and reputation, with short service times and affordable prices, availability of clear information, as well as safe and quality treatment outcomes.

An Exploratory Study on the Competitive Strategies of Colgate Palmolive India Limited to Sustain Success in the Market

In today's competitive consumer goods market, maintaining a competitive edge is crucial for companies to thrive. This report explores the strategies employed by Colgate Palmolive India Limited to distinguish itself from its competitors and sustain its position as a market leader in the oral care segment. Colgate-Palmolive, a global leader in consumer goods, has carved a niche for itself in the competitive landscape of the oral care industry. With a rich heritage spanning over decades, Colgate-Palmolive India Limited has emerged as a beacon of innovation, quality, and trust in the Indian market. In an era marked by dynamic consumer preferences and intense market competition, understanding the factors that contribute to Colgate-Palmolive's competitive edge becomes paramount. This report aims to delve into the strategies and practices employed by Colgate-Palmolive India Limited to distinguish itself from its competitors and maintain its market leadership position. By exploring various dimensions such as brand reputation, product innovation, distribution network, marketing strategies, and commitment to oral health education to provide a comprehensive analysis of Colgate-Palmolive's competitive edge. Critical examination of these aspects helps to gain insights into how Colgate-Palmolive has continuously evolved and adapted to meet the evolving needs of consumers while staying ahead of the competition., the information will shed light on the significance of a robust competitive edge in sustaining growth, profitability, and relevance in today's dynamic business environment. On this exploration, it will be very evident that Colgate-Palmolive's journey towards maintaining a competitive edge is not merely a testament to its past successes but also a blueprint for future endeavors in the ever-evolving landscape of the consumer goods industry.

Sustainability Reporting and Market Capitalization of Listed Industrial Goods Firms in Nigeria

Sustainability Reporting and Market Capitalization of Listed Industrial Goods Firms in Nigeria

The Influence of Female Chief Executive Officer and Female Chief Financial Officer on Earnings Management in Manufacturing Companies in The Consumption Goods Industry Sector Registered on the BEI in 2021-2022

This research aims to analyze the influence of Female CEO and Female CFO on Earning Management. This research was conducted on consumer goods industrial sector companies listed on the IDX in 2021-2022, the sample was selected using a purposive sampling method and the data that passed the selection were 36 companies. The research results show that Female CEO (X1) has no significant effect on Earnings Management (Y). This is proven by using the t-value of 0.287 < t table 1.996 and a significant value of 0.775 > 0.05. Female CFO (X2) has no significant effect on Earnings Management (Y). This was proven using the t-value of |0.284| < ttable 1.996 and a significant value of 0.777 > 0.05. After that, Female CEO (X1) and Female CFO (X2) do not simultaneously influence Earning Management (Y). This result is proven by the F-value of 0.076 < Ftable and a significant value of 0.973 > 0.05

Environmentally friendly calcium carbonate-polydopamine microcapsules with superior mechanical, barrier, and adhesive properties

There is a rising need to deliver perfume molecules to fabric surfaces during washing cycles to enhance consumers' perception. With upcoming regulations phasing out intentionally produced microplastics by 2027, the focus is on sustainable alternatives to conventional non-biodegradable synthetic microcapsules (e.g. melamine-formaldehyde). Calcium carbonate (CaCO3) has shown promise to form the microcapsule shells due to its environmental benignity, inexpensiveness, and potential for liquid formulations, particularly detergents. Notwithstanding, its inherent porosity undermines the performance of the ensuing microcapsules. Bio-inspired by the adhesive properties of mussel proteins, dopamine is proposed for forming a protective organic coating on CaCO3-based microcapsules. This research aims towards developing primary microcapsules with CaCO3 shells encapsulating hexylsalicylate (HS) as a perfume oil, applying a polydopamine (PDA) coating via oxidative auto-polymerisation of dopamine-hydrochloride (pH 8.5), and conducting a comprehensive analysis of morphological, mechanical, barrier, and adhesive properties through advanced techniques, namely fluorescent-sensing/scanning electron microscopy (SEM), micromanipulation, UV–Vis spectrometry, and a microfluidic chamber fitted with polyethylene-terephthalate (PET) fabrics. The obtained microcapsules (D[3, 2]=31.2 ± 0.4 μm) exhibited a spherical core-shell structure with a smooth PDA-coated surface. Mechanical assessments reveal remarkable rupture stress (2.2 ± 0.3 MPa) comparable to that of commercial microcapsules. After one month in water, ∼40% of HS was released from PDA-coated microcapsules, while the primary ones released the entire amount within 4 h. When mimicking washing conditions (pH 9), the PDA-coated microcapsules demonstrated improved retention (∼60%) on the PET substrate at hydrodynamic shear stress of ∼1 Pa, whereas that of the primary microcapsules was below 10%. Overall, this study suggests the successful fabrication of eco-friendly microcapsules featuring a hybrid inorganic-organic shell, with enhanced mechanical strength, reduced leakage, and improved adhesion, showcasing their potential in applications within the fast-moving consumer goods industry.

Implementasi Penggunaan Aplikasi Hadirr pada PT. XY

XYZ, is a company engaged in land transportation, distribution of building materials, production of mining materials, and trading of industrial goods. In the current era of globalization, it brings changes to all aspects of life. The development of information technology encourages people to use technology, one of which is the use of online attendance system technology implemented by PT. XYZ is the “Hadirr” application. This research discusses the implementation of the use of the presence application at PT. XYZ aims to find out how disciplined employees are in taking online attendance. This type of research is descriptive qualitative research, research involving 5 informants through observation, interviews and documentation, this identifies factors such as lack of employee discipline, misuse of applications so that employee discipline that has been implemented by the company is less effective. Employee work discipline can be seen from employee compliance in complying with applicable regulations, including punctuality and responsibility for their work. To overcome this problem, companies can provide rewards as a form of appreciation for work, provide additional intensive work, and provide intensive supervision. These steps can improve the employee discipline process so that the company can achieve the desired goals Keywords: Hadirr Application, Discipline, Employee

Accounting for Externalities and Financial Performance of Listed Industrial Goods Companies in Nigeria

Good financial performance of companies gives confidence to shareholders and investors on returns on their investment and guaranteed going concern. However, literature has shown that poor financial performance has made some companies to lose their competitive edge, and inability to achieve growth objective. Accounting for and reporting firms’ externalities impact is becoming increasingly important globally, investors have raised the bar on what they consider material to the performance of their investments, expectation of long-term profitability and sustainability of the company. This study examined the effect of accounting for externalities on financial performance proxied by Return on Asset (ROA)) of listed industrial goods in Nigeria. The study adopted Ex-post facto research design. The population for the study comprised of fifteen (15) Industrial Goods companies listed on Nigeria Stock Exchange as at 31st December, 2021. The Panel data were sourced from audited annual reports for the period of ten (10) years spanning from 2012-2021. Data were analyzed using descriptive and inferential statistics. The findings of the study revealed that accounting for externalities had significant effect on ROA (AdjR<sup>2</sup> =0.6010, F (3,96) = 3.99<sup>**</sup>; p = 0.0100). The study concluded that accounting for externalities has significant effect on financial performance of listed industrial goods companies in Nigeria. It was recommended that standard-setting bodies in Nigeria like the Financial Reporting Council of Nigeria should develop mandatory guidelines and standards for accounting and reporting of externalities to foster a more sustainable and responsible business environment.

Passion fruit (Passiflora edulis Sims) by-products as a source of bioactive compounds for non-communicable disease prevention: extraction methods and mechanisms of action: a systematic review.

The review titled Passion fruit by-products as a source of bioactive compounds for non-communicable disease prevention: extraction methods and mechanisms provide valuable insights into the health benefits and industrial applications of passion fruit waste. Passion fruits are a tropical and subtropical vine species, which produces edible fruits. Many food product types can be made from passion fruits. However, during passion fruit processing, large amounts of waste are released in to the environment. This review focuses on extraction methods of bioactive compounds from passion fruit by-products such as leaves, peels, seeds, and bagasse. This comprehensive review focuses on the bioactive compounds present in passion fruit by-products, emphasis on their mechanisms of action on non-communicable diseases. It also provides a detailed analysis of the extraction methods used to obtain these bioactive compounds, their potential industrial applications, and the factors that affect extraction efficiency. This review encourages further research and innovation in utilization of passion fruit waste as a source of bioactive compounds for non- communicable disease prevention and their mechanisms of action. This can advance the circular economy. It also highlights the importance of sustainable and green extraction methods, which have gained attention due to environmental concerns. Unlike previous reviews, this comprehensive article explores the potential health benefits of multiple passion fruit waste products. It also examines the possible applications of these extracts for industrial goods such as food additives, colorants, nutraceuticals, natural antioxidants, and antimicrobial agents. Overall, it contributes new information emphasizing the potential of passion fruit by-products as a source of bioactive, and the findings have implications for the scientific community and industry, promoting a deeper understanding of the health benefits and sustainable practices associated with passion fruit waste utilization.

On the optimization of green multimodal transportation: a case study of the West German canal system

AbstractIn this study, we address a biobjective multimodal routing problem that consists of selecting transportation modes and their respective quantities, optimizing transshipment locations, and allocating port orders. In the objective functions, we minimize total transportation costs and use the EcoTransit methodology to minimize total greenhouse gas emissions. The optimization model selects the transportation mode and transshipment port where quantities are transshipped from one mode to another. We compare inland waterway transportation and trucks encountering infrastructure failures that require rerouting or modal shifting in a real-life case study on the supply of goods for the chemical industry in the West German canal system. We propose a population-based heuristic to solve large instances in a reasonable computation time. A sensitivity analysis of demand, of varying lock times, and of infrastructure failure scenarios was conducted. We show that compared with inland waterway transportation, multimodal transportation reduces costs by 23% because of longer lock times. Our analysis shows that the use of inland waterway transportation only during infrastructure failures imposes nearly 28% higher costs per day depending on the failure location compared to that of the case of no failures. We also show that the use of a multimodal transportation system helps to reduce this cost increase in lock failure scenarios.

Mediating Role of Knowledge Management and Innovation in the Relationship between Supply Chain Management and Organizational Performance: An Empirical Test in the Fast-Moving Consumer Goods (FMCG) Industry of Pakistan

Mediating Role of Knowledge Management and Innovation in the Relationship between Supply Chain Management and Organizational Performance: An Empirical Test in the Fast-Moving Consumer Goods (FMCG) Industry of Pakistan

THE INFLUENCE OF TAX AVOIDANCE, TUNNELING INCENTIVES AND BONUS MECHANISM ON TRANSFER PRICING WITH LEVERAGE AS A MODERATION VARIABLE

Purpose – This research aims to determine the effect of tax avoidance, tunneling incentives, and bonus mechanisms on transfer pricing with Leverage as a moderating variable in manufacturing companies in the consumer goods industry sector, which is listed on the Indonesia Stock Exchange in 2016-2021Design/methodology/approach—Purposive sampling was used for sample selection, and 13 companies were selected for a total of 51 research data. Multiple linear regression and MRA were used for analysis with SPSS version 25 software. Finding - The results of this study indicate that tax avoidance has a significant positive effect, and tunneling incentives and bonus mechanisms have a significant negative effect on transfer pricing. Meanwhile, Leverage cannot weaken the impact of tax avoidance, tunneling incentives, and bonus mechanisms on transfer pricing.Originality - The originality of this research is to include a moderating variable, namely Leverage.Keywords - Tax Avoidance, Tunneling Incentive, Bonus Mechanism, Transfer Pricing, Leverage

Executive Compensation and Financial Performance of Quoted Industrial Goods Manufacturing Firms in Nigeria

The study investigated the relationship between executive compensation and financial performance of quoted industrial goods manufacturing firms in Nigeria. The study utilized an ex-post facto research design due to the lack of control over the data collected, focusing on four (4) listed industrial goods manufacturing companies in Nigeria out of a population of thirteen (13). This sample was selected purposively based on the availability of complete and up-to-date data from the companies' annual financial reports obtained from the Nigerian Exchange Bulletin for the year 2023. Through secondary data sources, the researcher conducted descriptive statistics and linear regression analysis to investigate the relationship between salary, bonus, and profit after tax of the selected firms. This approach allowed the researchers to explore existing data and draw insights into the financial dynamics of the industrial goods manufacturing sector in Nigeria without directly intervening in the data collection process. The results revealed a significant positive association between salary and profit after tax, indicating that higher salaries may contribute to increased profitability for these firms. However, bonus was found to have no significant impact on profit after tax. These findings suggest that while salary plays a crucial role in influencing profitability, bonus schemes alone may not directly affect the financial performance of industrial goods manufacturing companies in Nigeria. Hence, the investigators further suggested that management should review salary structures to ensure competitiveness and alignment with employee responsibilities and performance, potentially leading to increased productivity and profitability. Also, management should implement performance-based bonus schemes tied to specific key performance indicators or financial targets to incentivize employees towards strategic goals and drive productivity.

MEASURES OF STATE SUPPORT DURING THE FAMINE OF THE 1930S IN CENTRAL KAZAKHSTAN

In the article, the authors consider measures to provide state aid during the famine of the 1930s in the territory of Central Kazakhstan. The purpose of the article is to consider in the regional aspect the main measures taken in Central Kazakhstan as the main measures to eliminate the consequences of hunger and to provide food assistance to the starving population. Based on archival documents and collections of materials, the authors managed to identify that the state has worked out several ways to help the hungry in order to eliminate the consequences of hunger. First, it is the provision of food, industrial goods and loans to starving areas. Secondly, the issuance of permits for the maintenance of livestock in settled areas to restore livestock production, and thirdly, a reduction in the grain delivery plan, or exemption from it, as well as a reduction or exemption from the unified agricultural tax. Using the example of the Nurinsky district, the authors analyze the implementation of the main decisions of state authorities to eliminate the consequences of famine. The authors of the article conclude that despite the fact that the state handed over wheat, millet and other food support to the hungry, the assistance provided was not insufficient and was delayed. The authors, having studied materials of the archival fund of the Nurinsky district, identified a list of collective farms that received food aid in the form of grain, wheat and other crops, and came to the following conclusion. Firstly, the food aid provided by the state turned out to be late, since at the time of its arrival, famine reached its peak, farms fell into decline, the population died out, and the survivors were forced to migrate; secondly, the amount of aid provided by the state was insufficient to solve the food problem; thirdly, food aid was distributed not only without taking into account the size of farms, but also not for their intended purpose; fourthly, the state authorities failed to correct the current situation in the Kazakh villages.