Measures Of Company Performance Research Articles

The value relevance of accounting information moderated by earnings management: Evidence from listed companies in the developing market

This research aims to investigate the value relevance of accounting information (VRAI) and the effect that earnings management (EM) has on the VRAI. Research on the VRAI is generally carried out using the model introduced by Ohlson (1995). Problems will occur when the VRAI as a company performance measurement tool is faced with the practice of manipulation by managers. This study’s population is all manufacturing companies listed on the LQ45 Index. Sampling-based on purposive sampling; the research sample obtained as many as 16 samples over three years, so the number of observations is 48 companies per year. The data analysis technique used multiple linear regressions with moderating variables or moderated regression analysis (MRA). The results show that earnings per share (EPS) have value relevance (VR), and book value (BV) has VR. Operating cash flow (OCF) has no VR. Management weakens the VR of earnings, EM is not moderating BV relevance, and EM strengthens the VR of OCF.

THE IMPORTANCE OF ORGANIZATIONS PERFORMANCE ON ORGANIZATIONAL GROWTH

Accurate and appropriate measurement of performance is a critical element in entrepreneurship research (Aktan, Bulut, 2008). According to Achemfuor,(2012), a well-organised system of performance measurement may be the single most powerful mechanism at management’s disposal to enhance the probability of successful strategy implementation. In many of the studies in the field of strategic entrepreneurship, firm performance is defined as a dependent variable and the entrepreneurship activity of the firm is considered an independent variable. There is strong agreement among the researchers that the results of successful entrepreneurial activities positively correlate with the improvement of a company’s performance (Fairoz, Hirobumi& Tanaka, 2010).
 Measuring absolute firm performance is very difficult, because the concept is complex and multi-dimensional. Researchers suggest that multiple performance indicators should be used to measure this complex construct (Farrington, Matchaba, 2011). The predictable approach to firm’s performance has been to consider financial performance (Frank, Kessler & Fink, 2010). Another approach to organisational performance is to use measurement against purpose, using perceptual measures of company performance (Fatoki, 2012).

PEMILIHAN UKURAN KINERJA BERDASARKAN KARAKTERISTIK PEKERJAAN, PERSAINGAN PASAR, DAN TUJUAN STRATEGIS PERUSAHAAN EKSPEDISI

This research is a type of quantitative research in which researchers look at the performance measures of several shipping companies in the city of Padang based on job characteristics, market competition, and company strategic goals. The research data used in the form of distributing questionnaires to expedition employees in the city of Padang. All data were processed using multiple regression analysis by looking at the validity, reliability, classical assumptions, descriptive analysis and hypothesis testing with T test and R2 test. The variables in this study are job characteristics, with the results having no effect on performance measures for expedition employees in the city of Padang (H1) due to differences in the characteristics of research work, culture, conditions and work situations where the research was conducted with previous studies, while market competition (H2) and the company's strategic objectives (H3) have a positive effect on the size of the company's performance.

Performance Evaluation of Bangalore Metropolitan Transport Corporation: An Application of Data Envelopment Analysis

Maintaining and enhancing public transit services in Indian cities is important to meet rapidly-growing mass mobility needs. Indian cities rely predominantly on buses for public transportation, and issues of performance measurement and efficiency analyses for bus companies have been gaining significance due to severe operational stress and financial constraints in which these bus companies provide service to people. In public transportation, multiple parameters are involved that influence the efficiency of operation. This study measures the performance of premium bus services operated by Bangalore Metropolitan Transport Corporation (BMTC) using data envelopment analysis. This approach enabled the identification of opportunities for improvement at the bus depot and route levels. The analysis indicates that most depots are efficient, but some routes have significant opportunities for improvement.

Evaluating the efficiency and productivity of Malaysian logistics companies using epsilon-based measure and Malmquist index during the Covid-19 pandemic

Purpose: The impact of the Covid-19 outbreak since March 2020 has put Malaysia’s logistics sector in a contrasting reality to other sectors, as during the implementation of the movement control order (MCO), this sector was declared as providing essential service and allowed to operate in order to fulfil customers’ needs. This study aims to assess the efficiency and productivity of the logistics industry in Malaysia before and during the pandemic so that the performance of this industry can be observed.Design/methodology/approach: This study uses secondary data. Yearly records from the annual reports for the period of 2010–2020 were gathered pertaining to 15 Malaysian logistics companies treated as decision making units (DMUs) in this study. The efficiency and productivity of the Malaysian logistics industry during the Covid-19 pandemic have been assessed by using a hybrid DEA model consisting of a combination of epsilon-based measure (EBM) and Malmquist index.Findings: Findings showed that Lingkaran Trans Kota Holdings Berhad was the most efficient and productive logistics company with an average efficiency score of 1 and 12.7% growth in the average productivity index during the study period. In contrast, MISC Berhad obtained the lowest average efficiency score of 0.285. Nevertheless, the average productivity index for MISC Berhad showed an increase by 25.7%. During the early outbreak of Covid-19, Complete Logistics Services Berhad achieved full efficiency and also attained the highest positive growth of 76.2%. Harbour-Link Group Berhad was the least efficient company, scoring an efficiency score of only 0.254 and a decline in productivity growth by 40.8%.Research limitations/implications: The data used in this study may not be sufficient to represent the performance of the entire logistics industry as the pandemic is still not completely over. More useful insights can be obtained if the data can be extended until 2022 to assess the performance of logistics companies after the outbreak of Covid-19 in Malaysia. Many resources that have not been explored in this study and past research may provide an avenue for further research on the performance measurement of logistics companies, particularly in the Malaysian context.Practical implications: This study’s discovery may be used to facilitate the evaluation of resource utilisation and help inefficient logistics companies maximise their efficiency. Also, the findings may be used to help policymakers evaluate the existing policy in order to ensure that logistics companies have sufficient resources to offer reliable and efficient courier services.Originality/value: Although numerous studies have been conducted on the efficiency measurement of logistics companies, so far, scarce research in Malaysia has deployed a quantitative approach to measure the performance of Malaysia’s logistics industry, especially during the Covid-19 pandemic. Therefore, this study fills this gap by assessing the efficiency and productivity of the logistics industry in Malaysia before and during the pandemic of Covid-19.

PERFORMANCE MEASUREMENT BASED ON BALANCE SCORECARD PERSPECTIVE OF SUSTAINABLE LEADERSHIP, CORPORATE GOVERNANCE AND HUMAN CAPITAL IN BANKING INDUSTRY

The purpose of this research was to testing the effect sustainable leadership, corporate governance and human capital on the measurement of company performance using the Balanced Scorecard of the banking industry. A sample of banking company employees with a questionnaire was taken and the data was collected using SEM to test the effect of each variable.
 Sustainable leadership, corporate governance and the impact of human capital on performance measurement is considerable using a balanced scorecard but regarding the effect of test moderation, human capital has no moderating effect on sustainable leadership and corporate governance on performance measurement. The use of samples is still limited from several banking companies. Companies must pay attention to the development of sustainable human resources to increase the value of the company. Also use sustainable leadership components and synergies components in measuring the balance scorecard.

Measurement of Company Performance Based on Innovation (Study on Restaurant and Cafe in Padang City)

This study aims to analyze the role of product innovation, process innovation and organizational innovation on company performance in restaurant and cafe businesses in Padang City. This explanatory research uses surveys, explanatory surveys with a quantitative approach. Data collection on 136 restaurant and cafe business actors in the city of Padang was carried out using the purposive sampling technique. The data were then analyzed using Structural Equation Modeling - Partial Least Square (SEM-PLS). The results show that product innovation has a significant effect on company performance, process innovation has a significant effect on product innovation, process innovation has no significant effect on company performance, organizational innovation has a significant effect on process innovation, and organizational innovation has a significant effect on company performance. This study has several important findings for restaurants and cafes in the city of Padang, to pay more attention to the innovations carried out in their business, especially process innovation and organizational innovation, because process innovation significantly affects product innovation of restaurant and cafe business actors in the city of Padang. Furthermore, organizational innovation significantly affects process innovation, and the performance of restaurant and cafe business actors in the city of Padang.

ESG Reporting Impact on Accounting, Finance

The terms ESG (Environmental, Social, and Governance), sustainability, and corporate social responsibility (CSR) reporting are used interchangeably in industry practice. E (environmental), S (social), and G (governance) reporting encompasses qualitative discussions and quantitative metrics, including the company's performance measures against ESG risks, opportunities, and related strategies. Companies have turned to ESG reporting to meet the information needs of their stakeholders and be transparent about their commitments to ESG risk management. ESG issues are growing in importance to companies, investors, and other stakeholders. Users of the companies’ ESG reports seek transparency about the initiatives in addition to accurate and reliable reporting. This paper reviews the current state and a few examples of global companies’ ESG reporting, suggests an implementation model and discusses the role of financial professionals in adopting ESG reporting and enhancing stakeholder value.

Model Kebijakan Dividen : Analisis EPS, DER, Dan CR Terhadap Return Saham

Issues regarding stock returns are important for the company. Because stock returns are used as a measure of company performance by investors to invest in the stock market. This study aims to determine how the effect of EPS, DER, and CR on stock returns with dividend policy as an intervening variable in property & real estate companies listed on the Indonesia Stock Exchange. The sample in this study was taken by purpove sampling method on property & real estate companies listed on the IDX, namely 12 companies with a research period of 5 years from 2016-2020. The results of this study indicate that EPS, DER, and CR have a significant effect on dividend policy. EPS, DER, CR, and dividend policy have no significant effect on stock returns. Dividend policy is not able to mediate EPS, DER, CR to stock returns in property & real estate companies listed on the Indonesia Stock Exchange with a research period of 5 years from 2016-2020.
 Keywords :
 Current Ratio; Debt to Equity Ratio; Earning Per Share; Divident Policy; Stock Return.
 

Pengaruh Faktor Fundamental Mikro Makro terhadap Harga Saham Sektor Perbankan

Micro and macroeconomic fundamentals can affect the company's stock price. This is the background of this research. The objective is to analyze the microeconomic fundamentals, which consist of ROA, EPS, DER and macroeconomic fundamentals, namely inflation, Exchange and BI Rate against stock prices. The analytical method used is multiple linear regression with a population of 13 companies listed on the Stock Exchange and have met the sample criteria. Data in the form of banking financial reports for 2015-2019 and other data were obtained from Bank Indonesia, the Central Bureau of Statistics, and the Indonesian Stock Exchange. The results of the f test conclude that the micro and macroeconomic variables have a significant effect. The results of the t-test are only the ROA, DER and BI-Rate variables which are significant while the EPS, inflation, and exchange rate variables are not significant. The conclusion of this research for investors can consider ROA and DER variables as a measure of company performance. The BI Rate variable can be taken into consideration in determining investment strategies. An increase or decrease in interest rates greatly affects the economic condition of a country. For companies, analysis of microeconomic and macroeconomic factors is important in determining policy.

Comparison of the Performances of MCDM Methods under Uncertainty: An Analysis on Bist SME Industry Index

MCDM is a sort of ranking and selection methodology widely used both in daily life and in disciplines such as social, science, health, informatics, and engineering. However, the selection of an appropriate MCDM method is a common and chronic problem of these disciplines. Because the issue of determining the most appropriate method among MCDM methods has not been clarified yet. Since the algorithms of more than a hundred MCDM methods currently that are in use are different, the ranking they produce or the "best alternative" often varies. Although all these methods claim to suggest the best alternative, it is unclear which method should be chosen for the decision maker. In fact, it can be said that input capabilities are focused more in the selection of MCDM methods. On the other hand, besides the potential capabilities of MCDM methods, the results they produce are also important in comparison. In this direction, MCDM-based financial performance measurement of companies was made in this study. The performance of WSA and FUCA methods was evaluated according to Spearman rho and entropy values. Accordingly, the method with the highest capacity is clearly FUCA, because this method showed a clearly higher performance in 10 of 12 problems/terms according to both criteria.

IMPORTANCE OF EDUCATION AND SKILLS ON PERFORMANCE OF INSURANCE SECTOR

Purpose: The main indicators for performance measurement in the insurance companies are employee satisfaction, employee training time growth rate, employee reasonable proposal growth rate and the number of products developed. As the insurance sector experiences drastic technological changes, the employability skills and academic qualifications required for hiring and retaining employees have also changed. The goal of this study to discuss the importance of education and skills on performance of insurance sector. The purpose of this work is to enhance the reader’s understanding on the various ways that HR managers employ to improve the skills of their employees which contributes to the overall performance.
 Methodology: A desktop literature review was used for this purpose. Relevant seminal references and journal articles for the study were identified using Google Scholar. The inclusion criteria entailed papers that were not over five years old. 
 Results: From the findings, researchers have advocated for insurance companies to engage their employees on continuous trainings and systematic development of skills that contribute to improved welfare of their employees and increased organizational productivity and profitability. It is therefore necessary that HR managers invest in human resource practices such as trainings and rewards, personnel development, in order to enhance productivity and the overall performance of the organization.
 Recommendations: The study recommended that consistent trainings and systematic development of skills should be provided in all the levels of the insurance sector. In addition, insurance sector should train their employees on the use of system software such as ERP system that enables employees carry out their tasks faster and efficiently and as a result contribute to the overall performance.

Vrednovanje nematerijalne imovine prema MSFI 13

The transition from industrial to information society has led to a change in the basis of companies' further growth and development. Intangible assets are becoming the most important source of social and economic development. They are the same time the strongest weapon in companies' fight for competitive advantage. Quality management of intangible assets is the key for creating the modern company value and investment in intangible assets has become the key measure of company performance. Treatment of intangible assets and their accounting treatment occupy the attention of a great number of scholars. International Financial Reporting Standard 13 - Fair Value Measurement gives the definition of fair value, pointing to the need for disclosure of the value thus determined. The challenges companies face when applying IFRS 13 may lead to its inconsistent application and unplanned costs. The aim of this paper is to consider measuring the fair value of intangible assets by applying IFRS 13, as well as its effects in practice.

Contracts’ Performance Measurement in Czech Construction Companies

Performance measurement of construction contracts belongs to the crucial activities enabling the improvement of processes in a construction company. The main aim of this paper is to evaluate and analyse performance management practices applied by contractors in the Czech construction sector. Original data were collected using a questionnaire survey and quantified through relative frequency of occurrence. These data have been supplemented by interviews with experts in the field in order to assess the importance of the individual criteria and other relevant performance aspects. The main findings illustrate differences in approach with respect to company size, as well as the most frequently used performance indicators and criteria. The study also focused on the performance measurement of subcontractors and the factors influencing contract success. The results show that large companies have already developed elaborate measurement systems and have sufficient staff for this purpose. Companies in the Micro&Small category show worse measurement performance, mainly due to the lack of qualified staff.

Intellectual capital as a longitudinal predictor of company performance in a developing economy

AbstractThis study assesses whether intellectual capital (IC), measured using the Value‐Added Intellectual Coefficient (VAIC), can predict the financial and market performance of listed companies in a developing economy. Panel data from all 174 companies listed on the Kuwait Stock Exchange were analyzed. Four company performance measures were investigated: return on assets, return on equity, market/book value, and market capitalization. Eight competitive longitudinal models were evaluated using SEM–PLS, as well as the 1‐year, 2‐year, and 3‐year lags. VAIC possesses significant predictive power on company performance, but only on return on assets and return on equity, with a stronger predictive power for the 2‐year lag. When analyzing the 3‐year lag, the model fit decreases significantly. This suggests that VAIC has no significant predictive power on analyzed market performance measures. Most extant literature on IC does not explicitly quantify its lagged effect and predictive power on company performance. Additionally, existing research focuses less on developing economies. The research was conducted in a developing economy with a relatively young and inefficient financial market. This rationalizes the findings in which IC cannot predict market performance. Additionally, the time span considered is only 5 years from the 21 years analyzed. Useful managerial insights on the evident lagged effect and predictive power of IC in a developing economy are provided. Quantifying the effect size adds value to the further understanding of IC's nature.

Measurement Of Company Performance With Approach Balanced Score Study Case: Regional Drinking Water Company

Performance is a process carried out in achieving a result for each company or organization in the stage of providing services or products to customers within a certain period of time in accordance with their duties and functions. This study aims to conduct and see the overall organizational picture of the performance assessment of the Regional Water Company (PDAM) of Sungai Penuh Jambi City using the Balanced Score Card approach. viewed from four perspectives, namely: financial perspective, customer perspective, internal business perspective, and learning and growth perspective. From the results of the research on the Performance Measurement of Regional Drinking Water Companies (PDAM) of Sungai Penuh Jambi City using the Balanced Scorecard approach from a financial perspective through the current ratio, profit margin, operation ratio, return on investment, it shows that the company's financial performance is in good condition despite a decline in sales in 2019 For performance measurement based on customer perspective from customer acquisition, customer retention, customer satisfaction, customer satisfaction can be said to be good, although customer satisfaction that the Regional Drinking Water Company (PDAM) of Sungai Penuh Jambi City in 2020 can be said to be not good. Furthermore, the correlation/correlation of performance based on the perspective of internal business processes on the motivation variable, power alignment, has an influence level of 50.9% with a significance level of <5% or 0%, but for training it has a significance level. below 5% or equal to 0%. The performance based on the learning and growth perspective on employee satisfaction, employee retention, productivity, contributes positively to the company's economic improvement.

Performance Measurement of Human Resources PT. Pulau Bintan Jaya Based on the Human Resource Scorecard Model

PT Pulau Bintan Jaya is one of the foreign investment companies producing crumb rubber in Riau Islands Province. The company had been in operation since 1969, producing rubber with a few measures which were Standard Indonesian Rubber (SIR) 5, SIR 10, and SIR 20 per customer request. Companies have conducted employee performance measurements but have not specifically measured employee performance by linking it to company strategic functions. Current performance assessments are not yet focused on human resource development efforts. There were still poorly educated employees who served as team leaders and as supervisors. As a result, work-related communication became difficult and led to multiple obstacles under which employment resources became inadequate, and the targets of corporate performance unattainable. There are issues relating to the quality of human resources, and companies have been declining demand and declining production rates for several months. The decline in demand from customers has become one of the issues to evaluate in the company's performance measurement, due to its inadequate strategic resource management. It requires alightnment of the work systems to capture the role of human resources, while in this regard some current case work accident are still faund annually in the production section, even though for the past three consecutive years the accident rate has declined, it needs to be figured out by performing performance measurements. A human resource scorecard measures the performance of human resources by finding solutions to the weaknesses of human managerial resources in PT. Pulau Bintan Jaya, and assist in linking mission vision and strategic objectives. In this study, the design results were obtained as follows: there are 15 strategic goals and 32 Key Performance Indicators, special elements of the human resource system can be driven by 16 performance drivers (called Lagging Indicators), and 16 performance outputs to be achieved (called Leading Indicators), while the results Measurement of employee performance in PT Pulau Bintan Jaya using the Human Resource Scorecard method obtained good results.

Performance Measurement in Czech Construction Companies with Regard to Environmental Responsibility

The importance of environmental protection is growing rapidly in the construction industry. Performance measurement as an important tool for a more effective construction process reflects this new direction of business thinking. Performance measurement systems have implemented new criteria for measurement with respect to the environment. The main aim of this paper is to evaluate whether Czech construction companies measure these newly implemented environmental criteria. Most important criteria such as waste management, emissions and water management were emphasised. Original data were collected using a questionnaire survey. The survey also focused on construction materials responsibility and recycle/reuse measurement. The results of the study show that less than half of construction companies in the Czech Republic actively measure the impact on the environment. However, almost three-quarters of companies are aware of its importance for the future of the construction industry and environmental responsibility. Only 2% of Czech construction companies believe that environmental responsibility is not important at all. The most frequently measured criterion is waste management; on the contrary, the number of recyclable materials used on the construction site is least frequently measured. There is a need to accelerate efforts to help construction companies identify appropriate ways to start measuring environmental criteria. Construction companies that do not measure environmental criteria need to be widely informed about the importance of sustainability in the construction industry. This could be best achieved by an information campaign. The appropriate form of such a campaign and its contents should be the main focus of a follow-up research.

Company performance measurement systems:restrictions and ways of their elimination

The article considers the main restrictions of the existing performance measurement systems of a company, suggests possible ways to eliminate the identified restrictions by including in these systems an indicator of economic value added as well as shifting the emphasis when evaluating the effectiveness of the company's activity from general functional blocks to its main business processes on the example of a Balanced Scorecard by D.P. Norton and R.S. Kaplan. The expediency of such an assessment for the successful operation of the company in modern conditions is very significant, because it can help the management not only achieve the desired results, but also see the potential for improving efficiency.

Proposed Performance Management System for A Project-based Renewable Energy Startup

The number of startups in Indonesia has surpassed 2,000 companies, but only a handful have survived and thrived in the VUCA world. One of the failure causes is the lack of good business management in translating the company’s vision and strategy into clear and measurable objectives. For a project-based renewable energy startup, as the current study’s focus, it is necessary to focus not only on generating revenue but also on achieving the company’s vision and mission to sustain. To address this, we formulated an integrated framework related to the Performance Management System of the renewable energy startup. We combined the Balanced Scorecard as a tool for communicating the company’s strategies, Key Performance Indicators as a corporate performance tracking tool, and Objectives and Key Results for a daily basis or short-term goal-setting tool. It is also complemented by the idea of Ethical Climate to embed ethics into the system. Finally, quantifiable company performance measures will be obtained to assist the startup in the decision-making process related to appropriate strategies for corporate sustainability.