Performance Of Manufacturing Companies Research Articles

Performance Measurement Integration And Performance Of Manufacturing Firms in Rwanda

Rwanda's manufacturing industry is essential to the country's economic growth and employment generation. Achieving sustainable development and global competitiveness necessitates the integration of performance assessment effectively. This entails measuring and optimizing organizational performance, especially in supply chains, using a variety of measures. Global market trends and resource limitations are two ongoing challenges that emphasize the necessity for reliable measuring methods. In order to give policymakers and business practitioners useful information, this study aims to assess the effect of performance measurement integration on manufacturing company performance in Rwanda, concentrating on important industries and geographical areas. Expectancy Theory and the Balanced Scorecard Framework (BSC), two important theoretical frameworks related to performance measurement integration in manufacturing businesses, are examined in the literature study. According to expectation theory, people are driven by their conviction that performance, effort, and results are all related. The BSC provides a strategy-based framework for decision-making at various organizational levels. It was created by Kaplan and Norton. The significance of integrating performance assessment in order to increase productivity, quality, customer happiness, and decision-making for small and medium-sized enterprises (SMEs) is underscored by empirical research. Performance in manufacturing is evaluated and optimized via the use of a variety of instruments and methods, including the BSC and KPIs. 
 The study methodology utilized a quantitative analytic strategy with an explanatory approach to comprehend the relationship between manufacturing company performance and supply chain integration. The research philosophy was shaped by positivism, which prioritized quantitative approaches. Semi-structured questionnaires were used to gather data from 213 manufacturing companies; 94% of the respondents answered the questions. The integration of performance measurement has been found to have a favorable influence on the performance of manufacturing organizations through effective communication, information exchange, and strategic supplier relationships. These findings were supported by descriptive statistics. The findings showed a positive relationship between measurement integration and company performance, with integration accounting for 49.9% of the variance in performance. The results showed that efficient decision-making and information exchange among supply chain participants were influenced. Notably, framework agreements with key suppliers were frequently used in emergency situations. The functions of logistics companies, funders, governments, media, and security personnel in relief efforts were emphasized using qualitative analysis. Issues with inadequate coordination and information exchange were noted. Enhancing IT infrastructure, adopting emerging technologies, collaborating with many stakeholders, and establishing legal frameworks for production readiness are among the recommendations. The study emphasizes how crucial technology, collaboration, and integration are to maximizing the performance of industrial firms and disaster relief in Rwanda.

Executive Compensation, Institutional Ownership, and Financial Performance (A Study on Manufacturing Companies in Indonesia)

This research aims to determine and analyze Executive Compensation, Ownership and Financial Performance of Manufacturing Companies in Indonesia. The method used in this research is quantitative. The population of this research is all companies operating in the manufacturing sector registered on the BEI in 2019 - 2022. The sample in this study was selected using a purposive sampling method. The research results show that executive compensation significantly impacts manufacturing company performance through ROA but is less significant about ROE. Nonetheless, well-compensated executives are motivated to increase profits, potentially reducing agency costs. However, factors such as initial solid performance and external events such as COVID-19 may influence the impact of executive compensation on performance. In addition, institutional ownership does not significantly influence company performance because institutional investors tend to prioritize their portfolios and remain passive towards managerial activities, thereby rejecting the hypothesis that supports a significant positive effect of institutional ownership on performance.

THE EFFECT OF FOREIGN OWNERSHIP ON THE FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES

This increase in competition forces companies to always make technological improvements and improvements in corporate governance so that there is harmony between the interests of managers, investor, and other stakeholders. The impact of foreign ownership in Indonesian companies as a form of GCG could increase the company's financial performance. This study aims to prove empirically how foreign ownership can affect the financial performance of a public manufacturing company. The financial report data used as the research sample is in the form of secondary data for companies listed on IDX from 2017-2020. This research was assisted by the software program EViews 10. The test results are that foreign ownership by both companies and foreign individuals/citizens has no positive effect on the financial performance of manufacturing companies listed on the IDX.

Role of Inventory Management and Control in A Manufacturing Company

Abstract: A manufacturing company's performance depends on efficient inventory management and control. Inventory control and management play a crucial role in meeting customer demand, controlling costs, planning production effectively, ensuring quality, and managing cash flow. This paper discusses the role of inventory control and management in a manufacturing company and highlights the key ways in which inventory control and management are important to the success of a manufacturing company. The system's goal is to bridge the substantial gap between inventory management theory and practice and let industrial inventory managers conduct effective and successful inventory management.

The impact of busy director on the relationship between intellectual capital and performance of manufacturing companies: Evidence from Indonesia

Purpose: The purpose of this study is to investigate and analyse the influence of intellectual capital on manufacturing company performance, as well as the impact of busy directors on the relationship between intellectual capital and manufacturing company performance in Indonesia.Design/methodology/approach: This study analyse secondary data from the Indonesia Stock Exchange and the official websites of manufacturing companies for the 2016-2020 period. To test the hypotheses, this study used a quantitative method with panel data regression to investigate the relationship between intellectual capital and company performance and the moderating effect of busy directors on the relationship between intellectual capital and company performance.Findings: The results show that intellectual capital has a positive effect on company performance and that busy directors enhance this effect.Research limitations/implications: Indonesian companies are characterised by concentrated ownership and lower investor protection so the result may not be generalised in other contexts.Practical implications: The public-listed Indonesian company should consider the board of commissioners with multiple directorships to strengthen the positive relationship between intellectual capital and company performance. Originality/value: This study highlights and examines the impact of the board of commissioners with multiple directorships on the relationship between intellectual capital and the financial performance of manufacturing companies in Indonesia. Therefore, this study provides a better understanding of the importance of board competency as reflected in multiple directorships that affect the relationship between intellectual capital and company performance.

The effects of supplier relationship management practices on organizational performance and competitive advantage of large manufacturing companies in Bahir Dar, Ethiopia

The purpose of the study is to examine the effects of supplier relationship management practices on organizational performance and competitive advantage of large manufacturing companies in Bahir Dar, Ethiopia. The study employed an explanatory research design. A standardized five-point Likert scale questionnaire was administered to manufacturing companies' executives, top managers, and procurement managers. Structural equation modeling with the help of analysis of moment structure 23 is used to analyze the relationship between variables. The result reveals that supplier relationship management practices lead to enhancing organizational performance and competitive advantage. Also, competitive advantage significantly affects the performance of manufacturing companies. The study is limited by the effects of supplier relationship management practices on organization performance and competitive advantage over a quantitative research approach. Further, it only focused on large manufacturing companies in Bahir Dar, Ethiopia. The study contributes evidence on the effects of supplier relationship management practices on organization performance and competitive advantage. Moreover, it helps the supply chain managers in large manufacturing companies to have a deeper understanding of supplier relationship management and its importance to organizational performance and competitive advantage.

Financial Performance Analysis: Manufacturing Companies In Indonesia Before And Post The 2008 Global Economic Crisis

This study aims to analyze the financial performance of Indonesian manufacturing companies before and after the global economic crisis in 2008. In this study, financial performance is measured by Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). By comparing the average ROA, ROE, and NPM before and after the crisis, the results of the descriptive analysis were tested. It can be seen that ROA, ROE and NPM after the crisis were higher than before the crisis. As a result, post-crisis financial performance has improved compared to before the crisis. Based on the descriptive analysis, it is known that the financial performance of manufacturing companies after the crisis is better than before the crisis. Based on the t test, the results of ROA, ROE and NPM tests were obtained as follows. First, Post-crisis ROA is higher than before the 2008 global economic crisis, and the increase is said to be large. Second, post-crisis return on equity appears to be higher than before the global economic crisis, but this is not statistically significant. Third, post-crisis NPM also appears to be larger than before the crisis, but not statistically significant. The results of the t test show that financial performance as measured by ROA has improved after the crisis compared to before the crisis.

The Impact of Digital Capability on Manufacturing Company Performance

Digital capability is an advanced capability that manufacturing companies need for their digital and intelligent development. At present, the influence mechanism behind the impact of digital capability on manufacturing companies’ performance is still unclear and lacks quantitative analysis. Based on the dynamic capability view, we propose a research model to investigate digital capability, digital innovation, value co-creation, and company performance and conduct an empirical study based on questionnaire data from 209 digital manufacturing companies. The empirical results show that digital capability has a significant positive impact on company performance. The results further show that digital innovation mediates the effect of digital capability on performance within a company, while outside the company, value co-creation mediates the impact of digital capability on company performance. This research provides empirical support in favor of companies developing digital capabilities in the context of digital transformation and offers theoretical insight into the contradiction between the potential value of digital capability and companies’ practice.

Servitization strategy, manufacturing organizations and firm performance: a theoretical framework

PurposeThe purpose of this paper is to analyze the available literature on the relationship between servitization strategy and firm performance, which identifies the main streams and theoretical foundations of research and provides guidelines for future research in this area.Design/methodology/approachThe paper discusses the relationship between servitization strategy and manufacturing firm performance by gathering and analyzing existing research published between 1988 and 2019 through bibliometric analysis and content analysis, and then unpacking the processes and impacts servitization has on firm performance.FindingsThis paper analyzes the evolution of the concept and servitization strategy of manufacturing organizations, and the relationship between servitization strategy and manufacturing company performance. Then, the authors establish an integrated theoretical framework aimed at conveying the factors and providing a practical reference.Practical implicationsThe paper establishes an integrated theoretical framework on servitization and firm performance. The results of the systematic analysis of the literature can be used to inform managers about implementing servitization. Managers need to measure the benefits of servitization from two aspects: financial performance and non-financial performance. And managers need to consider some internal and external influencing factors to achieve a strategic–environmental–organizational fit that will bring better benefits to the firm.Originality/valueThe paper contributes to the existing research in three different ways. First, the study perfects the gap of research on the range of all of the factors within the relationship between servitization strategy and manufacturing company performance. Second, the study demonstrates a clear indication of how existing studies’ differences influence the research outcomes. Third, this paper proposes research problems and future research directions.

Intellectual Capital and Profitability in Manufacturing Companies Listed in Indonesia Stock Exchange

The purpose of this research is to determine the effect of value-added capital employed (VACA), value-added human capital (VAHU), and structural capital value-added (STVA) on return on assets (ROA) in manufacturing companies listed on the Indonesia Stock Exchange in 2014-2019. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. The population in this study was 161 manufacturing companies based on the basic industrial and chemical sectors, the consumer goods industry, and various industries. The sampling technique is done through the method of purposive sampling, the number of samples of 25 manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. The results of the analysis show that value-added capital employed (VACA) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. Value-added human capital (VAHU) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. Structural capital value-added (STVA) has a positive and significant effect on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2019. For company management to achieve the desired financial performance, it should focus more on managing intellectual capital. For investors and potential investors to pay more attention to the company's intellectual capital as a consideration in investing.

The manufacturing technology optimisation model: the crucial contribution of industrial mass-training in improving company performance

Fierce global competition, volatile changing market and the spread of advanced manufacturing technology have forced significant changes in the competitive arena of manufacturing industries. This manuscript presents the Manufacturing Technology Optimisation Model, which discusses the crucial role of industrial mass training in improving manufacturing company performance. This model provides insights toward the proper allocation of resources which will bring about optimum condition of improved company performance. Four lessons can be learnt from the model: (a) companies should focus first on improving their capability in effectiveness - doing the right things - before pursuing efficiency and adaptability; (b) the attainment of effectiveness can be accelerated by providing employees with on-the-job mass training on certain practices; (c) companies can continue to pursue the efficiency after they have excellent capability in effectiveness; (d) the pursuit of adaptability may simultaneously advance with that of efficiency, aimed at more responsive to customer requirements. A subsequent paper will demonstrate that selection of appropriate ‘people-based’ practices may accelerate improved company performance.

Pengaruh Dewan Direksi, Komisaris Non Independen, dan Kepemilikan Manajerial pada Kinerja Perusahaan Manufaktur di BEI

The purpose of this study was to determine the effect of the Board of Directors, Non Independent Commissioners, and Managerial Ownership to Manufacturing Company Performance on the Indonesia Stock Exchange. This research was conducted at food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange in the period 2014-2018. Data analysis uses multiple linear regression to determine the relationship between more than two variables. Based on the results of the study stated the Board of Directors statistically has no significant effect to company performance (ROA). Non independent commissioners statistically has no effect to company performance (ROA), Managerial ownership has no statistically significant effect to company performance (ROA).
 Keywords: Board Of Directors; Independent Commissioners; Managerial Ownership; Company Performance.

Comparison of SME stock portfolio and manufacturing company performance in the Indonesian, Indian and Chinese stock markets

PurposeThe purpose of this study is to determine and compare the performance of small and medium enterprises (SME) and manufacturing company stock portfolios in the Indonesian, Chinese and Indian capital markets by the Sharpe Index and the significance of differences in average performance in the capital market.Design/methodology/approachThis is comparative research that compared the performances of SME and manufacturing company stock portfolios in Indonesian, Chinese and Indian capital markets. The hypothesis examination of comparative test used one-way ANOVA technique on the performance of SME and manufacturing company stock portfolios in Indonesian, Chinese and Indian capital markets. One-way ANOVA test was used in the analysis to test the average difference of performance indices of SME and manufacturing company stock portfolios is in Indonesian, Chinese and Indian capital markets.FindingsThe performance of SME and manufacturing company stock portfolios in Indonesian capital market was not better than the performances of IHSG and LQ45 Index, the performance of SME and manufacturing company stock portfolios in Chinese capital market (SZSE) was better than the performance of Shenzhen Composite Index and the performance of Shenzhen A-Share Stock Price Index. The comparison of the performances of SME and manufacturing company stock portfolios in Indonesian, Chinese and Indian capital markets showed that the performance of SME and manufacturing company stock portfolios in Chinese capital market was the best and the performance of SME and manufacturing company stock portfolios in Indonesian capital market was the lowest.Practical implicationsThe implication of this study was that SME and manufacturing company stock portfolios had relatively better performances in China and India, so investors should consider investing in SME and manufacturing company stocks. The performance of SME and manufacturing company stock portfolios in Indonesia was not able to exceed market and LQ45 portfolios, so the authority in Indonesia financial market should consider developing a special market for SME and manufacturing company to support the development of SME and manufacturing company in Indonesia and solve the problem of lack of funding source for SME and manufacturing company.Originality/valueThe originality of the present study is in the measurement of the performance of SME and manufacturing company stock portfolio by risk-adjusted return which returns per risk unit measured by Sharpe Index as a more beneficial measurement in measuring stock portfolio performance than average return. Comparative study of the stock portfolio performances of small medium enterprises and manufacturing company In Indonesian, Chinese and Indian stock markets, and object studies conducted in Indonesia, China and India.

The manufacturing company performance

This study aims to determine the effect of internationalization and funding decisions on the performance of manufacturing companies in the last 5 (five) years from 2014-2018 registered in Kompas 100. This study uses a descriptive quantitative approach with secondary analysis. The analytical tool used is multiple linear regression analysis with the help of the SPSS 26 program. Based on the results of data analysis, internationalization (foreign sales to total sales) and funding decisions (DER) partially affect the company's performance (Tobin's Q). Simultaneously internationalization and funding decisions affect company performance. This means companies that are able to increase their exports selectively and strategically will have an impact on the company's performance through increasing effective funding to finance export performance so that it will increase revenue and create better profits, overall affecting the performance of a company through better company value, seen by the increasing value of the company's shares. Finally, this article contributes to the knowledge and understanding of companies especially in Indonesia relating to the performance of a company and its impact on the manufacturing industry, challenges, and future prospects. Therefore it is recommended that in order to improve the performance of companies, especially manufacturing industries, companies when appointing managers, management of manufacturing companies must consider factors such as individual knowledge of the manufacturing industry, export-import, and corporate financial management

Kritični faktori IT upravljanja i njegovog uticaja na organizacione performanse u malazijskoj proizvodnoj industriji

The purpose of this study is to examine the extent to which senior management's involvement and demographics of organizational affect the effectiveness of IT governance with the performance of organizations. This is a combination of exploratory and descriptive research that aims to investigate the determinants of IT governance and its effects on organizational performance in Malaysian manufacturing companies. The sample size of 357 collected for this research. Structural equation modeling (SEM) was utilized in this research to investigate the measurement and structural model simultaneously. The findings demonstrated the relationships between the senior management's involvement and organizational demographics, effective its governance and organizational performance in manufacturing companies in Malaysia. This research is the construction of a theoretically based model which assimilates the senior management's involvement and organizational demographics, effective IT governance, and performance of organizations. Likewise, discover the most crucial elements that affect effective IT governance to improve the manufacturing company's performance.

The Analysis of Auditor Opinion After Financial Crisis

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Financial Performance Analysis in Manufacturing Companies of The Cement Sectors Listing On Indonesia Stock Exchange (IDX) Period 2013-2017

The financial performance analysis is an important thing for the company to be done, used to manage and evaluate management performance so that it can obtain an overall representation of the company's financial position. The purpose of this study is to find out the financial performance of the manufacturing companies of the basic industrial and chemical sector in the cement sub-sector for the period 2013-2017 which were listed on the Indonesia Stock Exchange (IDX). The method of financial statement analysis involved several financial ratios, such as liquidity, leverage, profitability, and activity ratio. This study also uses Altman Z-Score ratio analysis to predict whether a company has high probability for being insolvent. The samples in this study were three manufacturing companies of the basic industrial and chemical sector in the cement sub-sector in the 2013-2017 period. The results of this study indicate a downward trend in financial performance of manufacturing companies of the basic industrial and chemical sector in the cement sub-sector for the period 2013-2017. This is supported by the ratio calculation used in this study.

Effects of Advanced Manufacturing Technologies on Manufacturing Company Performance

Effects of Advanced Manufacturing Technologies on Manufacturing Company Performance

Characteristics of Corporate R&D Investment in Emerging Markets: Evidence from Manufacturing Industry in China and South Korea

The issue concerning the increasing research and development (R&D) investment in emerging markets is especially attractive for many researchers and practitioners. This paper measures and compares the characteristics of Chinese and South Korean R&D expenditures of manufacturing companies from 2012 to 2016. It also examines the impact of R&D investment on firm performance. The results show that debt maturity and cash reserves are positive determinants of R&D investment in China and South Korea. Firm size, internal financing, and debt ratio are restrictive factors of R&D intensity in Chinese manufacturing companies, while debt ratio is the only negative determinant of R&D investment in their South Korean counterparts. The results also show that R&D intensity exhibits a strong positive impact on the performance of manufacturing companies in both countries. Moreover, this impact is stronger in South Korea than in China. In addition, R&D investment has a positive time-lag effect only on the performance of Chinese manufacturing companies. Our study presents some new evidence for the relationship between R&D intensity and firm performance in emerging markets.

Drivers that encourage environmental practices in manufacturing plants: A comparison of cultural environments

Abstract In a context of great social pressure, manufacturing plants are trying to improve their environmental performance. Although extant literature has stressed the key role played by companies’ cultural environments on the main drivers of their sustainability practices, it fails to provide significant empirical evidence. The aim of this research was to fill this gap by empirically analysing whether the cultural environment plays a moderator role in the drivers that encourage environmental practices in manufacturing plants, as well as in the relationship between environmental practices and financial performance. The theoretical arguments of Institutional Theory, and Trade-Off and Eco-Efficient Theories, provided the framework in which the hypotheses were tested. The sample was composed of 230 manufacturing plants from ten countries, whose managers answered an environmental questionnaire developed as part of the High Performance Manufacturing Project. The Partial Least Squares (PLS) technique was used to carry out the research. Results revealed that the factors that most influenced environmental practices adoption in manufacturing plants differed in the considered cultural environments: rule-vs. relation-Based. Cost Savings were the main environmental practices driver in plants in the most advanced rule-based countries, while Top Management support was revealed to be the main motivation in plants in relation-based countries. In addition, it seemed that environmentally-friendly actions had no significant impact on perceived manufacturing company performance, regardless of the cultural environment considered.