List Of Companies Research Articles

Рэнкинг крупнейших групп и компаний в области аутсорсинга учетных функций: итоги 2023 года

The results of the next, 15th list of the largest companies and groups in the field of outsourcing accounting functions, prepared by the rating agency RAEX by the end of 2023, demonstrate a steady increase in demand in this professional service sector

What is the Impact of Economic Welfare on Social Responsibility Disclosure in Indonesian Manufacturing Companies?

This research was conducted to prove that the economic welfare of the community is related to and has an influence on the existence of corporate social responsibility activities. The findings in this study assume the existence of the Covid-19 as a period that has an impact on the global crisis. The effects of the global crisis caused companies to experience a decline in net sales, and policies on corporate social activities changed. This study tries to link the variables of public ownership and net sales of companies to disclosure of social responsibility and the economic welfare of the community. The sampling design in this study uses a list of manufacture companies included in the Kompas 100 index list for two consecutive years, namely 2020 and 2021, which is the period when the health crisis in Indonesia began. The results of this study are that the variables of public ownership structure and net sales index have a significant relationship with social responsibility disclosure. However, the disclosure of social responsibility is not significant to economic welfare. Public ownership brings the company more attention from the surrounding community. Meanwhile, sales growth is used as a company measure to satisfy company owners and benefit the community. With company policies that benefit the community, supporting the government improves economic welfare. Keywords: CSR disclosure, public ownership, net sales, economic well-being

Research on Impact of Investor Sentiment on Chinese Stock Market: Review and Prospect

Over time, investor behavior has become more complicated due to the unpredictability of the Chinese stock market. Major research has found that investor sentiment swings have a huge impact on the market. Therefore, investors need to observe and understand how investor sentiment affects the market in the right way. Much of the past literature has used textual data mining and event analysis to measure the impact of investor sentiment and its impact on stock market returns, pricing, and volatility. Several articles have concluded that investor sentiment is highly responsive to the Chinese stock market. Another phenomenon that has emerged on various forums and social media is that people's fear of the stock market is spreading. The results of event analysis can prove that the impact of events such as the lifting of the ban on restricted shares and the listing of companies will be very obvious and have an impact on investor sentiment. An important implication of this study is that in addition to the dominant role of Granger causality in the causality that produces negative returns, negative investor sentiment is the main factor determining the overall behavior of the stock market. When bad news breaks, investors release their pent-up emotions for a short period, resulting in a violent reaction. In addition, market sentiment can also affect trading volumes and stock prices. This has put pressure on the market. In the end, this paper expands the future research direction from the two aspects of communication mechanism and quantitative analysis.

Empirical Analysis of the Relationship Between Debt Level and Business Performance of List Companies in the A-share Real Estate Industry

Since China's reform and opening, the real estate industry has moved towards marketization, with rapid development with the help of market opportunities and financial leverage. However, in recent years, China has continued to promote industrial structure transformation and deleveraging, and affected by the world economy, the epidemic, and other factors, the market has continued to cool, and the past development situation is no longer applicable to the present, and the change in the real estate industry is imminent. Taking the real estate enterprises listed in Shanghai and Shenzhen A-shares as the analysis object, this paper uses the data from three consecutive years from 2019 to 2021, uses the Stata data analysis tool to conduct empirical analysis, and analyzes the relationship between the debt level and business performance of enterprises in the real estate industry in different regions through descriptive statistical analysis and multiple linear regression analysis. The results show that the results vary in different regions, and there is a significant positive correlation between the operating performance and debt level of real estate enterprises in other regions, while the north, Shanghai, and Guangzhou regions do not. The state should strengthen supervision, encourage new financing channels, promote the transformation of enterprise asset structure, optimize the level of assets and liabilities, and then reduce financial risks and ensure the benign development of the market.

Legal status of an independent board member: A comparative perspective between the legal position in Kuwait and USA

While there is no clear definition of what corporate governance is, corporate governance principles can be described as an intervention in the management of a company. Every listed company must have a board of directors. One of the most important corporate governance principles is to strengthen the board composition by having an independent director. This article deals with one of the most important issues related to corporate governance of Kuwait's main securities market: having independent directors on the board. Corporate governance as it relates to listed companies is sensitive to economic, social and political variables. Consequently, the 2015 Kuwaiti Corporate Governance Code (KCGC) raises a number of questions. For example, what requirements should list companies follow when appointing independent directors? To what extent are listed companies obliged to apply it in present circumstances? Finally, can practical solutions be found that will satisfy the parties concerned? In discussing the role of independent director in KSE, this paper will compare the provisions of corporate governance in the New York Stock Exchange (NYSE) and those in Kuwait Stock Exchange (KSE). This article will be underpinned by a comparative legal analysis of the NYSE relating to corporate governance in an effort to improve the KCGC. Keywords: independent director, corporate governance, Kuwaiti Stock Exchange, New York Stock Exchange

Female talent and corporate social performance

This paper analyzes the relationship between female talent and corporate social performance (CSP). Using a sample of US firms from the COMPUSTAT database between 1991 and 2013, we investigate how state-level Paid Family Leave (PFL) laws affect firm CSP. We find that reducing barriers to female employment positively impacts firms' social performance, as measured by corporate social responsibility (CSR) scores. Our results show that firms headquartered in states with effective PFL laws have higher CSR strengths and lower CSR concerns. Additionally, the positive impact of PFL laws on CSP is more pronounced for firms included in the Working Mother Magazine's 100 Best Companies List. Our study provides important insights for policymakers and corporate leaders on the benefits of supporting female employment through PFL laws.

The Influence of Eco-Control, Company Size, Environmental Performance on Sustainability Reporting Disclosure

Sustainability reporting in Indonesia has become a mandatory report published by financial institutions and public companies listed on the Indonesia Stock Exchange. Obligations related to sustainability reporting refer to Statement of Financial Accounting Standards (PSAK) No.1 Revised 2019, namely that companies are required to disclose additional reports related to environmental life. Under the Global Reporting Initiative (GRI) 2021 standards, the information on a company's applicant list can build stakeholder trust, maintain reputation, increase company value and demonstrate company accountability. Factors that can encourage disclosure of sustainability reporting are Eco-control, company size and environmental performance. One industry that is closely related to the environment and natural resources is the agricultural industry, apart from having a positive impact, there are also negative impacts that also cause harm to the environment. The sample in this research is agricultural sector companies listed on the IDX for 2018-2022. The research uses multiple linear analysis methods with SPSS 23 statistical software. After testing the hypothesis, the results obtained are that Eco-control has a positive influence on sustainability reporting disclosures, while the company size variable has no influence on sustainability reporting disclosures, starting with the environmental performance variable. .

Globalization Strategies and Its Impact to The Operations of Multinational Companies: Basis for Strategic Plan

This quantitative descriptive research study investigates the impact of "Globalization Strategies on the Operations of Multinational Companies: A Basis for a Strategic Plan" through a targeted examination of ten multinational corporations (MNCs) headquartered in Beijing, China, selected from the 2023 Fortune 500 Companies list which were selected through purposive sampling. The data gathering instrument used in the study was survey questionnaire. The findings reveal the diverse nature of MNCs, emphasizing the complexity and adaptability required for effective globalization strategies. Globalization strategies of MNCs in China are influenced by market demand, opportunities, competitive landscapes, regulatory environments, and cultural adaptation, underscoring the importance of market responsiveness, regulatory compliance, competitive differentiation, and cultural sensitivity. These strategies significantly impact MNC operations, enhancing market access, financial performance, productivity, innovation, and sustainability. However, MNCs face challenges in implementing globalization strategies in China, including political risks, cultural barriers, supply chain complexities, competitive advantages, and market expansion obstacles. The study offers a comprehensive strategic plan to address these challenges, focusing on political risk management, cultural adaptation, supply chain optimization, competitive approaches, and tailored market expansion to enhance MNC resilience and market success in China. Recommendations include recognizing the diversity of MNC profiles, prioritizing market responsiveness, leveraging globalization strategies, investing in risk management, and implementing the proposed comprehensive strategic plan. This research contributes to our understanding of how MNCs adapt and thrive in the complex Chinese market, offering valuable insights for academia and policymakers.

The UK and dual-class stock-lite – Is it really even better than the real thing?

Abstract In December 2021, the Financial Conduct Authority (FCA) revised the Listing Rules applicable to companies listed on the London Stock Exchange’s (LSE) Main Market to permit the premium-tier listing of companies with specified weighted voting rights shares structures. The revision, broadly based upon the concept of “dual-class stock,” was premised on a desire to attract innovative, high-growth firms to the LSE. Founders would now be able to list their firms, sell equity and issue further shares for growth without fully relinquishing voting control. However, the FCA was clearly also concerned that an unconstrained dissociation between voting and cash flow rights could incentivize pernicious behavior on the part of founders. Accordingly, specified weighted voting rights shares structure embodies various conditions that restrain a founder’s ability to access the full gamut of advantages that dual-class stock can offer. As a result, specified weighted voting rights shares is more dual-class stock-lite rather than a fully-fledged premium-tier move toward multiple voting rights share structures. Less than two years later, the FCA appears prepared to revisit its approach to dual-class stock. Did the FCA get it wrong with dual-class stock-lite? In this article, each of the conditions attached to the use of specified weighted voting rights shares is scrutinized in the context of whether it appropriately balances the desire of founders for flexibility with public shareholder protection. If the intention was to encourage visionary founders to list their high-growth firms on the LSE, it is understandable that the FCA apparently now has buyer’s remorse.

Job Portal

In the current scenario, there is a rat race in each and every professional field. It is also true for job market. A job portal is a website dedicated for online information about recruiters as well as job seekers. A job portal helps both the job seekers and recruiters finding the right organization for the employees. In the case of job seekers, according to their educational qualification, experience and their preferences, the job portal shows the list of companies to the job seeker. And, to the recruiters, provides the suitable candidates from a pool of lacks. So, a job portal is the perfect online arena, where both the job seekers and the employers find their goal in the pursuit of getting a top notch company for the suitable candidates. The web application “Job Portal” provides an easy and convenient search application for the job seekers to find their desired jobs and for the recruiters to find the right candidate. Job seekers from any background can search for the current job openings. Job seekers can register with the application and update their details and skill set. They can search for available jobs and apply to their desired positions.

IMPLEMENTATION OF DUE DILIGENCE NOTARY BEFORE AND AFTER THE COMPANY LEGAL ENTITY PT LISTING IN THE CAPITAL MARKET

Background. The capital market involves the public offering and selling of publicly traded firms' securities, with businesses required to complete the necessary paperwork and submit registration statements to Bapepam, supported by organizations and experts. This research aimed to describe the implementation of due diligence notary before and after the company's legal entity listing in the Capital Market. Research Method. This legal research includes normative and empirical legal research. This research is descriptive-analytical, namely research that describes facts and data regarding the implementation of Notary due diligence and the principle of openness before and after the Limited Liability Company listing in the Capital Market. Findings. The application of the principle of openness in the capital market is necessary for the implementation of Notary due diligence. This means that before carrying out the duties of the Notary in making deeds, the Notary verifies the company's data, which will be mentioned in the deed he will draft. The Notary's responsibilities both before and after listing include making amendments to the articles of association, minutes of the General Meeting Shareholders, deeds of agreements about public offerings, and registration with Bapepam. The Notary's role is restricted to the deed he executes; that is, to guarantee that the deed's intent, content, and purpose are correct and do not contravene applicable laws, statutes, regulations, or the code of ethics. Conclusion. The notary has made the deed properly and correctly to the applicable provisions and code of ethics, so in this case the notary has been protected.

Does ESG performance affect the systemic risk sensitivity? Empirical evidence from Chinese listed companies

PurposeThis paper aims to examine the relationship between environmental, social and governance (ESG) performance and systemic risk sensitivity of Chinese listed companies. From the consumer loyalty and investor structure perspectives, the relationship between ESG performance and systemic risk sensitivity is analyzed.Design/methodology/approachSince Morgan Stanley Capital International (MSCI) ESG officially began to analyze and track China A-shares from 2018, 275 listed companies in the SynTao Green ESG testing list for 2015–2021 are selected as the initial model. To measure the systematic risk sensitivity, this study uses the beta coefficient, from capital asset pricing model (CPAM), employing statistics and data (STATA) software.FindingsThe study reveals that high ESG rating companies have high corresponding consumer loyalty and healthy trading structure of institutional investors, thereby the systemic risk sensitivity is lower. This paper reveals that companies with high ESG rating are significantly less sensitive to systemic risk than those with low ESG rating. At the same time, ESG has a weaker impact on the systemic risk of high-cap companies than low-cap companies.Practical implicationsThe study helps the companies understand the influence of market value on the relationship between ESG performance and systemic risk sensitivity. Moreover, this paper explains explicitly why ESG performance insulates a firm’s stock from market downturns with the lens of consumer loyalty theory and investor structure theory.Originality/valueThe paper provides new insights on the company’s ESG performance that significantly affects the company’s systemic risk sensitivity.

PPG recognized on Barron’s 100 most sustainable U.S. companies list

PPG recognized on Barron’s 100 most sustainable U.S. companies list

제3자 물류 기업 활용에 영향을 미치는 공급체인 리스크에 관한 연구

The recent increase in supply chain risk due to global supply chain issues has caused logistics costs such as fuel and labor costs to rise for shipper companies engaged in import and export activities. Therefore, shipper companies are outsourcing logistics activities to third-party logistics providers(3PLP) to manage supply chain risk and solve management problems caused by rising supply chain risk. In addition, as third-party logistics companies have begun to adopt and utilize 4th industrial technologies such as smart warehouses and autonomous driving, it is necessary to examine the relationship between these technologies and firm performance. Therefore, this study categorizes supply chain risks in a logistics uncertainty environment and identifies the causal relationship between risk factors, 3PLP utilization, and firm performance. To conduct the study, a questionnaire was constructed based on previous studies and interviews with current practitioners, and a survey was conducted based on the list of member companies of the Korea International Trade Association, the Association of Small and Medium Venture Businesses, and the Korea Trade-Investment Promotion Agency. The hypotheses were tested using PLS-SEM methodology, and the results showed that among supply chain risks, only demand risk had a significant impact on 3PLP utilization, and 3PLP utilization had a significant impact on shippers' financial performance and logistics performance.

The Role of Ecotourism in Reducing Poverty and Unemployment: A Mixed Method Approach

Ecotourism is perceived as a promising initiative capable of poverty alleviation and job creation. This study investigated whether ecotourism helps to alleviate poverty and unemployment in relatively underdeveloped areas such as the UMkhanyakude district municipality. The study used a parallel, convergent research design comprising qualitative and quantitative research applications. Both random and purposive sampling techniques were used to select a sample of 204. In selecting respondents for the quantitative dimension, two types of databases obtained from each of the local municipalities were used. The first database comprised community registers, and the second included a list of companies registered with the municipality’s supply chain or procurement unit. Specifically, the criteria used to select participants included expertise, understanding of ecotourism programme implementation processes, skills, and proximity to ecotourism projects. Four (n = 4) officials and four (n = 4) program managers, for a total of eight, were selected from each of the four local municipalities. This resulted in a combined purposive sample of 32 participants (8 x 4 = 32) for the interviews. The Statistical Package for the Social Sciences (SPSS) was employed to analyse quantitative data. The qualitative data were processed through the ATLAS TI application. From the results, it can be deduced that, to a greater extent, ecotourism is contributing towards the reduction of poverty and unemployment in UMkhanyakude District Municipality. Based on the results, it can be concluded that ecotourism has the potential to reduce poverty and unemployment in rural communities in line with the dimensions of sustainable development goals. Benchmarking activities that focus on community roles and responsibilities, awareness-building strategies at the community level, stakeholder consultation and involvement, and capacity-building programmes are recommended.

Venture Capital and Dividend Policy

In this paper, we empirically examine the impact of venture capital investment on the dividend policy of the invested companies using a sample of list companies from China’s ChiNext market during the period 2014 to 2019. Our empirical results show that different types of VC investments have different impacts on the dividend policies of the invested companies. To be specific, we found independent venture capital companies (IVCs) promote the company’s dividend payment and increase the level of dividend payments while corporate venture capital (CVC) inhibits the company’s dividend payment. The joint participation of multiple types of venture capital investment (syndication) also increases the company’s dividend distribution. Our main contributions are two-fold. First, we provide a comprehensive analysis in the field of VC and dividend policy; second, we differentiate VC from the perspective of investment objectives and examine its different impacts on the dividend policies of the invested companies.

Portfolio Optimization Analysis Using Markowitz Model on Idx30 Stock Index in 2022 and 2023

Economic growth today has an impact on the lives of residents of a country. Investing in the stock market involves a relatively high degree of risk, as stock prices can fluctuate very quickly. However, a proper analysis in forming a portfolio is very important before making any investment decision to get maximal return. This research will use Markowitz Model to get optimal. This model explains the importance of diversification and how it can reduce overall risk while increasing returns. Data to be use are from IDX30 Index Companies in 2022 and 2023 because this index includes stocks from various industrial sectors that reflects significant developments in the Indonesian stock market. Data processing in this research will use Python. This model will determine best combination to become optimal portfolio from list companies in IDX30 Index. The result from this research shows that there 7 stocks become the combination for the optimal portfolio with the expected returns rate of is 65.776% and the portfolio risk is 20.0008%. The weights for each stock in optimal portfolio obtained using PyPortfolioOpt package in Python, are BBNI.JK = 12.024%, BMRI.JK = 16.142%, INCO.JK= 5.033%, INDF.JK = 12.36%, ITMG.JK = 38.606%, KLBF.JK = 11.148%, UNVR.JK.=4.688%. Markowitz model can investor investor an consideration to select the stocks recommendation with the optimal weight for their portfolio to get maximum return with low risk.

Can public opinions improve the effect of financial early warning ? -- an empirical study on the new energy industry

Public opinion will significantly affect investor decision-making and stock prices, which ultimately has an impact on the long-term development of the new energy industry. This paper mainly aims to delve in the impact of public opinion on the efficacy of financial risk early warning effect and try to establish an enhanced financial risk early warning model for the new energy list companies. To achieve this, we collect the financial data and public evaluation texts of 185 new energy listed companies, converting the text into emotional indicators which are combined with financial indicators to build a financial risk early warning model for new energy listed companies. The contributions of this paper are as follows: (1) The experiment validation demonstrates that the combination of 7 deep learning models and Bagging algorithm highly improves the accuracy of the sentiment analysis model, achieving an accuracy of 84.09%. (2) The accuracy of financial early warning models is generally enhanced after adding sentiment indicators, among which the accuracy of the BP neural network model reached 95.78%. (3) Through clustering analysis, the evaluation models can productively divide the warning intervals, thereby bolstering the interpretability and applicability of early warning results. Therefore, we suggest that when establishing the financial early warning system, it's necessary to take public opinions into consideration. Aside from improving the early warning effect, it also can be used as a separate indicator for daily monitoring.

THE EFFECT OF CORPORATE GOVERNANCE ON UNDERPRICING DURING THE INITIAL PUBLIC OFFERING

Initial public offering (IPO) is the main gateway for private institutions to adapt to public business and list company shares on the capital market for trading. By conducting an IPO, an institution can obtain funding from the public to pay for company expansion. One phenomenon that is often encountered by business actors conducting an IPO is an underpricing situation, namely a situation where the share price offered in the primary market is lower than the share price in the secondary market. As a manifestation of the company's obligation to use public price ranges, it is the responsibility of companies across society to manage and use public funds well, transparently and accountably, so that good corporate governance can be implemented well. The aim of this research is to analyze the influence of corporate governance on underpricing in organizations conducting IPOs on the Indonesian Capital Market for the 2017-2022 period. Corporate governance is measured through the scale of the board of commissioners, independence of the board of commissioners, management ownership and institutional share ownership. There are 305 groups providing initial public services and indexed on the IDX throughout the 2017-2022 period. Random sampling techniques are used to select samples. The analysis uses a robust linear regression evaluation method. The findings of this research show that the magnitude of the board of commissioners has no effect on underpricing, the of independence commissioners has an impact on underpricing, while management proportion ownership and institutional proportion ownership have a fairly large negative effect on underpricing.

Measuring the Social and Economic Impact of Universities' Entrepreneurial Activity

Goal: This study introduces an algorithm to sort alumni-founded companies from the public Brazilian Internal Revenue Service (IRS) database. Design/Methodology/Approach: Departing from IRS data and student data from the university, sequential filters are applied to arrive at a final list of alumni-founded companies. Results: The main result of this study is the establishment of the algorithm itself, which emerged after cycles of iterations of analysis and rewriting. To test its reliability, a sample of 1625 alumni was used. The algorithm successfully identified 140 founders of 159 AFC. Founders were heterogeneously distributed throughout the decades analyzed. Companies belonged to different industry sectors and were classified according to their technological intensity, with predominance of middle-low and low intensity. Research limitations/implications: Although the BR-AFC algorithm is applicable to any Brazilian institution, generalization to other countries depends on access to country-specific databases containing data about companies and its partners. Additionally, the final result depends on the reliability of input data and of user decisions about the rigor of its premises. Practical implications: The BR-AFC algorithm can improve measurements of the socioeconomic impact of educational institutions. It points to the formation of entrepreneurs and, as a consequence, institutions can evaluate courses and educational programs and improve curricula. Policymakers and sponsoring institutions can measure return over investment, outcomes of policies to encourage entrepreneurship and rank universities according to novel criteria. Originality/Value: The main contribution to the literature is exploring novel approaches to measuring university-industry relationship. More specifically, it proposes an algorithm to identify the alumni-founded companies of a given university from large country-based databases.