Net Income Research Articles

Significance of honeybee pollination in increasing seed yield of Trifolium alexandrinum (Fabales: Fabaceae)and its impact on economic sustainability of smallholder farmers.

A major limitation to producing high seed yields in berseem clover (Trifolium alexandrinum L.) is failure to set seed, predominantly due to lack of pollination. Despite the importance of berseem clover as a leading forage legume, the contribution of pollinators to seed set is scarce. In Pakistan, the honeybee population is declining mainly because of the extensive use of neonicotinoid pesticides and habitat fragmentation. This, combined with the region's harsh environment and the use of inferior, locally bred genotypes, has resulted in low seed yields. Insufficient seed availability leads to limited forage supply, resulting in poor livestock nutrition, which subsequently impacts livestock health and productivity, and reduces farmers' income. The present study estimated the seed production of 3 berseem clover genotypes resulting from honeybees [Apis mellifera L. (Hymenoptera: Apidae)] pollination in 2 growing seasons (2012-2014) in the central Punjab region of Pakistan. Experiments had 2 pollination treatments (open pollination and honeybee inclusion) and 3 seed genotypes, viz. farmer own-saved, market, and the improved variety cultivars. For both growing seasons, honeybee pollination resulted in significant increases in seed yields ranging from 35% to 67%, regardless of seed genotype. With the exception of the number of seed heads/m2, all seed yield parameters also increased significantly in response to honeybee inclusion. The combination of improved variety and honeybee inclusion resulted in the production of a maximum number of seeds per head (45.3), 1,000-seed weight (3.7g), and estimated seed yield (375.5kg/ha). In addition, the increase in estimated net income of seed ranged from PKR 82,485 Rs/ha (US$844/ha) to PKR 168,975 Rs/ha (US$1728/ha) with the use of honeybees as an insect pollinator across all the seed genotypes. Honeybee pollination has broader implications for mixed farming systems by playing a key role in preserving biodiversity and promoting sustainable agriculture. It also enhances the quality and quantity of berseem crops by increasing the production of high-quality seeds and forage leading to improved livestock productivity and family food security which strengthens the economic resilience of rural communities.

The collapse of Silicon Valley Bank and hedging strategies for interest rate risk

Research methodology This case was developed from published sources. Three types of data were used to develop this case. The accounting data were compiled by the case researcher from bank financial statements such as Form 10-K, Form 8-K and quarterly Financial Highlights issued by the bank. Market data were compiled from data providers such as FactSet, Yahoo! Finance, Pitchbook and the Federal Reserve System. Reports on market developments were gathered from major news outlets such as CNBC, The Wall Street Journal, Fortune and S&P Global. Case overview/synopsis Interest rate risk played a big role in the banking crisis of 2023. For Silicon Valley Bank (SVB), which specialized in providing banking services to venture-backed startups in the technology and life sciences sectors, its exposure to interest rate risk and the lack of hedging against interest rate risk had played a crucial role both directly and indirectly in the bank’s failure. This case study discussed the various channels that interest rate risk played in SVB’s failure as well as other risk factors that include an unusually high percentage of uninsured deposits and a high securities-to-asset ratio compared to its industry peers. In the low interest rate years of 2020 and 2021, startups were able to fundraise a record amount of funding from venture capital (VC) investors. As many startups deposited their funds at SVB, they became an important and concentrated depositor base for the bank and held large deposit accounts that easily exceeded the $250,000 limit insurable by the Federal Deposit Insurance Corporation. SVB benefited from the large deposit inflows in 2020 and 2021. The bank used some of the deposits to fund its loan portfolio, but most of the deposits were used to purchase debt securities such as US Treasuries and agency-used mortgage-backed securities. In fact, SVB’s investments in securities as a percentage of total assets were more than double its peers in the large banking organization (LBO) group, while the amount of loans funded as a percentage of total assets was almost half of its LBO peers. As interest rates increased rapidly throughout 2022, bond prices fell. SVB experienced unrealized losses of $15.2bn in its held-to-maturity securities portfolio, which was almost equivalent to its equity of $16bn at the time. However, SVB implemented little or no hedging against the risk of rising interest rates. At the same time, fundraising activities slowed in the VC sector amid high interest rates and, thus, SVB’s startups clients had to draw on past deposits to continue to fund their operations. This resulted in SVB experiencing significant deposit outflows throughout 2022. On March 8, 2023, SVB announced that it had sold all $21bn of its available-for-sale securities portfolio and suffered an $1.8bn in realized losses, which was greater than its entire last year’s net income. Markets jittered following the news. Over the next two days, depositors rushed to withdraw $142bn of deposits that represented 82% of its last year’s total deposits. Unable to withstand the crippling weight of deposit withdrawal, on March 10 the parent company of SVB filed for bankruptcy. Complexity and academic level Given the multiplexity of the banking crisis of 2023, this case study specifically discussed the collapse of SVB, which was the second largest bank failure at the time of its collapse. This case would be valuable for finance and economics students to learn how various risk factors interact that precipitated SVB’s failure. While there were many risk factors at play, this case study homes in on how SVB’s exposure to interest rate risk and the lack of hedging contributed to its downfall. For purpose of pedagogy, this case also explains how a bank could use on-balance-sheet as well as off-balance-sheet methods to hedge interest rate risk. This case is appropriate for courses in Risk Management, Derivatives as well as Financial Markets and Institutions with a focus on interest rate risk and its corresponding hedging methods. A course in Money and Banking may also find this case relevant. Before starting, it is assumed that students have already taken foundational finance and macroeconomics courses, have a basic understanding of financial statement analysis and its interpretations, derivative instruments such as futures and swaps, as well as have prior experience with basic duration calculations.

On-farm experimentation of precision agriculture for differential seed and fertilizer management in semi-arid rainfed zones

Abstract Introduction This study explores the integration of precision agriculture technologies (PATs) in rainfed cereal production within semi-arid regions. Methods utilizing the Veris 3100 sensor for apparent soil electrical conductivity (ECa) mapping, differentiated management zones (MZs) were established in experimental plots in Valsalada, NE Spain. Site-specific variable dose technology was applied for seed and fertilizer applications, tailoring inputs to distinct fertility levels within each MZ. Emphasizing nitrogen (N) management, the study evaluated the impact of variable-rate applications on crop growth, yield, nitrogen use efficiency (NUE), and economic returns. For the 2021/2022 and 2022/2023 seasons, seeding rates ranged from 350 to 450 grains/m2, and basal fertilizer dosages varied between high and low levels. Additionally, the total nitrogen units were distributed differently between the two seasons, while maintaining a uniform topdressing fertilizer dose across all treatments. Results Results revealed a significant increase in yield in MZ 2 (higher fertility) compared to MZ 1 (lower fertility). NUE demonstrated notable improvement in MZ 2, emphasizing the effectiveness of variable-rate N applications. Economic returns, calculated as partial net income, showed a considerable advantage in MZ 2 over MZ 1, resulting in negative outcomes for low-fertility areas in several of the analyzed scenarios, and highlighting the financial benefits of tailored input management. Conclusion This research provides quantitative evidence supporting the viability and advantages of adopting PATs in rainfed cereal production. The study contributes valuable insights into optimizing input strategies, enhancing N management, and improving economic returns in semi-arid regions.

Pengaruh Financial Distress pada Trade Credit Provisions pada Perusahaan Manufaktur di BEI

Purpose: (IDX) period 2018-2023 by focusing on Financial Distress conditions on Trade Credit Provisions. Financial distress is identified through delisting conditions due to negative net income and book value and inappropriate management decisions. Methodology: Through a quantitative approach with 46 samples of companies selected based on stratified random sampling and purposive sampling methods. Results: The results of the analysis show that there is a significant negative relationship between financial difficulties and accounts payable and there is a significant negative relationship between financial difficulties and accounts receivable in the shares of manufacturing sector companies on the IDX. Limitations: The limitations of this research are only on financial distress and manufacturing sector companies 2018-2023 Contribution: It is therefore worth considering a deeper exploration of how internal mechanisms, such as working capital management and financing strategies, play a role in determining trade credit policies.

Dollars and Disparities: Unraveling Executive Compensation Patterns in American Non-Profit Healthcare.

This study examines trends in executive compensation at non-profit hospitals across the United States from 2018 to 2022. The research aims to address gaps in the current literature by providing an up-to-date analysis of compensation practices and their relationship to hospital financial metrics. A descriptive longitudinal study was conducted using data from Form 990 filings of 20 randomly selected non-profit hospitals across four U.S. regions. Executive compensation data, along with hospital financial metrics, were extracted and analyzed. Statistical analyses included descriptive statistics, non-parametric tests for trend analysis, and correlation studies using Kendall's Tau B. The median increase in executive compensation over the five-year period was 23.4%, with a median annual increase of 6.2%. Significant positive correlations were found between executive compensation and hospital revenue (τ = 0.676, p < 0.001), net assets (τ = 0.600, p < 0.001), and net income (τ = 0.273, p < 0.001). However, percentage changes in these variables over time were not significantly correlated. The study reveals significant growth in executive compensation at non-profit hospitals, with notable regional variations. While compensation correlates strongly with hospital financial metrics, the lack of correlation in their respective changes over time suggests a complex relationship. These findings raise important questions about resource allocation and compensation practices in non-profit healthcare institutions, highlighting the need for further research and policy discussions.

Do Good, Have Good: Mandatory CSR Policy and Foreign Subsidiary Performance in India

In 2013, the Companies Act in India mandated that foreign subsidiaries with specified profitability and size spend at least 2% of their net income on corporate social responsibility (CSR). The study uses this natural experiment to isolate the impact of CSR spending on multinational enterprise (MNE) subsidiary performance. Using a triple difference estimation method on 175 foreign subsidiaries from 2005 to 2020, this study finds a positive impact of the compulsory CSR regulation on the CSR spender subsidiaries. We also find that higher institutional distance and greater subsidiary age benefit affected subsidiaries, positively impacting their performance because of mandatory CSR spending. The findings offer suitable recommendations for managers and policymakers in emerging markets as navigating regulatory CSR policies in the host country requires considering both resource-based and institutional environment factors.

Does tax refund policy boost executive compensation?

Tax reforms have a profound impact on corporate compensation. While existing research has extensively examined the effects of tax cuts and breaks on corporate compensation, the relationship between tax refunds and executive compensation remains largely unexplored. To address this gap, this paper employs a difference-in-differences approach to investigate the causal effect of China’s value-added tax credit refund policy on executive compensation. The findings reveal that the tax refund policy increases executive compensation, primarily by enhancing net income, which lays the financial foundation for higher executive compensation. These effects also exhibit heterogeneity across corporate regions, life cycle stages, ownership structures, and executive categories. This paper is the first to explore the relationship between tax refunds and executive compensation, providing valuable insights into how external tax policies influence corporate internal incentive structures.

THE EFFECT OF THIRD-PARTY FUNDS, FINANCING, AND EQUITY ON NET INCOME BANK MUAMALAT INDONESIA

Third party funds, financing, and equity are important factors in some of the factors that influence net income, which take money from the public and then rechannel it into society. This research is aimed at knowing the impact Third-party fund, Financing, and Equity to Net income with research subject Bank Muamalat Indonesian period 2014-2023. This study employs multiple linier regression analysis and quantitative approaches. The study object is presented as published financial reports from Bank Muamalat Indonesia (2014-2023). And analyzed with the Eviews 12 statistical tool. The outcome of the study demonstrate Third-Party Funds a positive and significant effect on Net Income because the t-count value for Third-Party Funds &gt; t-table is 2,9206 &gt; 2,0280 and the significant value for Third-Party Funds &lt; 0,05 is 0,0060 &lt; 0,05. The result of Financing has a positive and insignificant impact on Net Income this is shown by the t-count value for Financing &lt; t-table is 0,6558 &lt; 2,0280 and the significant value for Financing &gt; 0,05 is 0,5161 &gt; 0,05. The results of Equity a negative and insignificant impact on Net Income because the t-count value of Equity &lt; t-table is -0,1850 &lt; 2,0280 and significant value for Equity &gt; 0,05 is 0,8542 &gt; 0,05. Simultaneously Third-party Funds, Financing, and Equity the effect Net Income, this is proven by the value significant F test 0,0007 &lt; 0,05. The value of coefficient of determination (R2) is 0,3198 or 31,98%, which means that the Third-Party Funds, Financing, and Equity variables the effect net Income by 31.98%, while other factors not included in this study account for 68,02% of the explanation.

Exploration of the optimal low-carbon peanut rotation system in South China

CONTEXTPeanut is an important economic and oil crop that has the potential to contribute to low-carbon agriculture. However, there is scarcity of comprehensive evaluations regarding the impact of various peanut rotation systems and their contribution to low-carbon agriculture. OBJECTIVEThe research aims to comprehensively evaluate the contribution of peanut rotation systems to low-carbon agriculture in South China, and expected to explore the optimal low-carbon peanut rotation system in this area. METHODSThree cropping patterns were compared over a four-year experimental period: wheat–peanut (W-P) rotation, rape–peanut (R-P) rotation, and peanut monocropping (MP), under two types of initial fields (paddy and dryland). The carbon footprint (CF), product carbon footprint (PCF), carbon sequestration, food carbon cost (FCC), soil carbon characteristics, net economic benefit, and ecosystem service values of C sequestration of three rotation ecosystems were studied. RESULTS AND CONCLUSIONSOur findings reveal that R-P, WP, and MP had total CFs of 1.788, 3.882, and 1.096 t CO2-eq·hm−2, respectively. Agricultural material input, particularly N fertilizer, was the primary CF contributor. R-P had higher carbon sequestration amount and efficiency than WP. Notably, dryland-initial fields of both R-P and WP had higher carbon sequestration efficiency (71.1 % and 17.6 % higher, specifically). Our soil carbon analysis indicates that both plant residue quality and initial field type influence C sequestration. While WP had the highest PCF (0.552 t CO2-eq t−1) and FCC of protein (3.428 kg CO2-eq·kg−1), fat (3.791 kg CO2-eq·kg−1), and energy (0.135 kg CO2-eq·1000 kcal−1), R-P showed the highest net income (3333.3 US$·hm−2) and higher ecosystem service value of C sequestration (−5.6 US$·hm−2). Furthermore, our findings reveal that common crop rotations in South China have higher CFs than the tested peanut-based systems. Therefore, R-P rotation is the most suitable system for low-carbon agriculture in the research area among these three rotations due to its lower carbon cost and higher economic benefits. And the advantages, disadvantages and uncertainties of different low-carbon agricultural indicators have also been analyzed. SIGNIFICANCEOur study would contribute to exploring agroecosystems management ways and methods to mitigation climate change and provide references for the establishment of evaluation criteria for low-carbon agriculture.

Unravelling the effects of straw return on rice production in central China: Evidence for future policy‐making

AbstractThe practice of straw return represents an effective and sustainable approach to recycling and reusing agricultural residues, thereby significantly contributing to the circular economy within the agri‐food sector. Although this practice holds significant promise for enhancing soil quality and mitigating pollution resulting from straw burning, the realization of these substantial benefits depends on the extent to which farmers are willing to embrace this practice, a decision closely tied to the anticipated economic benefits it offers. The present study aimed to explore the effect of straw return on rice production in terms of rice yield and net return using a representative household survey of 1752 rice farmers in central China. The results showed that there exist threshold effects of the years of straw return on both rice yield and net income, which decline as years of straw return increase below the thresholds, and then increase linearly above the thresholds. Overall, after implementing the straw return practice, it took an average of about 3.5 years to observe a positive effect on rice yields and about 7.5 years to see an increase in net income. The estimates were robust to threshold regression, Lasso regression and random forest regression methods. Nonetheless, the provision of essential technical guidance to farmers via agricultural cooperatives could contribute to expediting the realization of the benefits associated with implementing straw return practices. The results imply that the current incentive mechanism aimed at diffusing straw return practice should be fine‐tuned by considering the time required for straw return to generate economic benefits in specific contexts, ensuring better compensation for initial losses. Interventions that shorten the time needed to realize these benefits, such as providing additional technical training for farmers, should be implemented. Furthermore, the uncertainty regarding the time frame for benefit realization should be communicated clearly and effectively to farmers.

Trends in Lower-Risk Gambling by Age and Net Income among Finnish Men and Women in 2011, 2015, and 2019.

Lower-risk Gambling Guidelines (LRGGs) were developed in Canada to reduce the risk of gambling-related harm. The LRGGs, published in 2021, consist of three limits: gamble no more than 1% of household income per month; gamble no more than four days per month; and avoid regularly gambling at more than two types of games. All three limits should be followed at the same time. This study focuses on the situation in Finland before the LRGGs were published. The aim of this study is to investigate trends in lower-risk gambling by age and net income among men and women in the Finnish adult population in 2011, 2015, and 2019. Data were drawn from cross-sectional Finnish Gambling population surveys, including permanent residents in Mainland Finland aged 15-74 with Finnish, Swedish or Sámi as their mother tongue (2011; n = 4,484, 2015; n = 4,515, and 2019; n = 3,994). The results showed an increase in the prevalence of lower-risk gambling, rising from 29% in 2011 to 39% in 2019. This upward trend was observed among both men and women, with the prevalence among men increasing from 23 to 33%, and among women from 34 to 45%. The lowest prevalence of lower-risk gambling was found among individuals aged 60-74, especially regarding expenditure guidelines, as well as among women in the lowest income tertile. In conclusion, although the prevalence of lower-risk gambling has increased in Finland, there is still potential for further improvement to minimize harm.

Nonlinear associations and threshold effects between agricultural industrial development and carbon emissions: insights from China

Abstract With the inevitability of global climate change, it has become increasingly important to understand the relationship between Agro-industrial Development (AID) and Agricultural Carbon Emissions (ACE) to promote the development of low carbon production in agriculture. Using a panel of datasets, as based on the ‘element-structure-function’ framework of 30 Chinese provinces over the period from 2011–2021, the entropy weight method was used to calculate the level of AID in each province. With this approach, it was possible to assess correlations and mechanisms between AID and ACE. Here, with use of fixed-effect, regulatory and threshold models, we determined some of the critical factors contributing to the effects of AID and ACE. Our findings revealed: (1) AID displays an inverse U-shape relationship with ACE, as verified through endogeneity and robustness assessment, (2) A review of the mechanisms suggests that the crossing of the turning point of the inverted u-curve can be accelerated by the moderating effect of agricultural finance. and (3) As based on the threshold effect analysis, a two-tier effect of the digital economy, rural human capital and farmers’ net income on AID, with facilitating effects on carbon emission reductions was obtained after the threshold crossing. The significance of this effect increases as a function of the post-threshold interval. Taken together, these findings demonstrate the long-standing interplay between AID and ACE. Thus, additional insights and empirical evidence that can inform the ongoing development of sustainable agricultural practices can be realized.

The impact of new VAT enforcement on financial performance: Evidence from Saudi Arabia non-financial listed companies using the event study and ARMA model

This paper examines the influence of the new 15 % Value Added Tax (VAT) enforcement on non-financial listed companies in Saudi Arabia. By comparing financial data from 2019, before the VAT implementation and the COVID-19 pandemic, with data from 2020, during both the VAT increase and the pandemic, the research aims to uncover the consequences of this tax policy change. Utilizing charts, tables, and an event study analysis approach with the Autoregressive Moving Average (ARMA) model, we investigated key financial indicators such as Shareholders' Equity (SE), Total Income (TI), Total Revenues (TR), Net Income (NI), Total Expenses (TE), Other Changes in Operating Activity (COA), and Cash at the End of the Period (CEP). The findings reveal significant financial impacts, highlighting companies' challenges due to the increased tax burden. Shareholders' Equity dropped from an average of 11.55 million to 4.57 million, and Total Income and Total Revenues decreased from approximately 1.73 million to 316,234 and from 1.95 million to 331,605, respectively. Net Income sharply declined from 406,109 to 74,624, and Total Expenses decreased from about 1.18 million to 223,495. Other Changes in Operating Activity shifted from a negative mean of −168,936 to a positive 523,520, and Cash at the End of the Period fell from 1.99 million to 666,663. These results suggest that the VAT increase has significantly strained companies' financial performance, emphasizing the need to consider such tax reforms carefully, particularly in developing countries. The study concludes that while the VAT increase aims to enhance government revenues, it imposes substantial financial strain on companies, potentially leading to long-term economic repercussions. Policymakers should consider these implications and implement practical measures to optimize the VAT system and support business resilience in the face of such reforms.

Die Effekte einer Lohnnebenkostensenkung für die Volkswirtschaft und die Wettbewerbsfähigkeit

Abstract The tax and social contribution ratio in Austria is very high by European standards, taxes on income in particular. This is reflected in a very wide tax wedge between labour costs and net income. The particularly high inflation in Austria in recent years has led to high wage increases and a loss of competitiveness. Based on a model analysis, it is shown that a reduction of taxes on the wage-sum by 1.4 % of GDP dampens the development of wage costs and increases employment by around 0.9 % or 40,000 persons. In addition, the reform reduces the GDP deflator by 0.9 to 0.7 percentage points and implies an increase in the real export volume by 1.4 % in the first three years.

The Drivers of Sustainable Development in South African Economy: The Role of Female Advancement

Contemporary societies have challenges in achieving sustainable development, while African economies remain quite distant from this ideal course for sustainable growth. Likewise, official statistics in South Africa show a wide gap between male and female involvement in economic activities. Given this, the study investigates the connection between three dimensions of sustainable development and female advancement in South Africa using auto-regressive disturbed lags (ARDL), Structural Vector autoregressive (SVAR) and Ganger non-causality approach. The three dimensions of sustainable development considered in this study are economic, environmental and social, proxies by adjusted net national savings, carbon emissions and adjusted net national income per capita, respectively. The female advancement indicators are proxies by employment, wages and salaries, and secondary school enrolment. The result from the ARDL shows that female advancement indicators promote short (SR) and long-run (LR) economic sustainability. Also, female wages and salaries have a positive relationship with carbon emissions in the SR but not significantly in the LR. At the same time, female employment and secondary school enrolment have a positive relationship with carbon emissions in the SR but are negative in the LR. The primary causes affecting long-term environmental sustainability are GDP per capita, financial development, population density, trade openness and urbanisation. Also, female advancement indicators promote social sustainability, especially employment, wages and salaries. More so, the SVAR results show that the forecasting error shock of GDP has minimal effect on carbon emission with notable variation in the population density. The causality result shows a unidirectional relationship between economic sustainability and female secondary school enrolment, environmental sustainability and female secondary school enrolment, and social sustainability and female secondary school enrolment, all flowing to female secondary school enrolment. Based on the findings, the study recommended improving female educational standards and increasing involvement in economic participation.

New Normative Values for the German Short Version of the Resilience Scale (RS-13)

In a representative survey conducted in Germany, normative values for the German short version of the RS-13 resilience scale were updated and compared with the data from a previous representative survey conducted in 2001. In a representative study conducted by the social science research institute USUMA GmbH in 2021, people aged 16 to 95 years (N=2,505) were randomly selected and interviewed by telephone. Data were compared to representative data collected in 2001 (N=2,045), and the influence of demographic variables on resilience was examined. The internal consistency of the RS-13 was α=0.92. Current norm data of the RS-13, differentiated by gender and age, were generated. Access to these data is provided by an online tool, which can be used for the norm-oriented interpretation of individual resilience values (http://rs13.shinyapps.io/RS13). In the current 2021 sample, the mean resilience score was significantly higher than in 2001 (d=0.28, 95% CI [0.22-0.34]). Age was significantly negatively associated with resilience, education and net household income showed a significant negative correlation. The RS-13 has good psychometric properties. Providing updated normative values of the RS-13 is justified due to the significantly higher scores in 2021 compared to 2001. The updated normative values allow for the comparison of future data with those of the German general population. In addition, the online tool can be used for the norm-oriented interpretation of individual resilience scores as part of diagnostic procedures. The RS-13 is a reliable, valid and economical instrument for assessing resilience in its theoretical understanding of a stable personality trait. Future studies investigating resilience should consider age, education and income as relevant influencing variables.

Comparative Analysis of Paddy Cultivation Sustainability through Integrating Eco-efficiency and Best-Worst Method Approaches

To investigate the sustainability of agricultural systems, it is necessary to prioritize production systems from various viewpoints. The current research, as a new approach, aimed at prioritizing different paddy cultivation areas in Iran based on sustainability criteria using the best-worst method (BWM), which is regarded as one of the modern multi-criteria decision-making techniques. Mazandaran, Fars, and Khuzestan areas in Iran with different climatic classes, i.e., Mazandaran, Fars, and Khuzestan, were considered in this study. Sustainability criteria included energy, exergy, economic, and environmental indices, and the prioritization process was done based on the eco-efficiency index and BWM method. In the evaluation of the eco-efficiency index, the amount of net income and the total environmental index were considered as economic and environmental indices, respectively. In the prioritization of the BWM method, ranking was done based on energy and exergy efficiency, benefit-cost ratio, and the total environmental index. The results of the eco-efficiency index investigation demonstrated that paddy production in Mazandaran province had the most sustainability and compatibility with the environment, followed by Fars and Khuzestan provinces, respectively. The results of the BWM method prioritization also indicated that Mazandaran province was the best and most sustainable area with a final index of 0.98, followed by Fars and Khuzestan provinces, which were placed in the next ranks of sustainable paddy cultivation areas with final indices of 0.93 and 0.85, respectively. In conclusion, the paddy production systems located in the humid subtropical region were found as the most sustainable systems in this area.

Firm-level political risk and labor performance

This study examines how firm-level political risk relates to labor performance, measured as the ratio of the total of net income and labor cost to the number of employees. Using a sample of 9508 firm-year observations consisting of U.S. firms during the years 2002–2021, we find a significant and negative relation between political risk and labor performance. Our empirical tests show that after controlling for other factors, firms facing a higher level of political risk demonstrate lower labor performance, highlighting the negative impact of political risk on firm behavior and outcomes.

Analisis Harga Pokok Penjualan dan Cukai Rokok terhadap Net Profit Margin

Cigarette excise increasement issue has an impact on companies net profit. The government policy has raised the cost of goods sold. Cigarette companies should decide to increase net profit. This research was designed with multilinear regression method to determine effect of the cost of goods sold and cigarette excise on net profit margin of cigarette companies which enlisted in Indonesia Stock Exchange for 2013–2022-year periods. The data set that used in this research are secondary data which consist of net sales, cost of goods sold, net income, and cigarette excise that taken from each company’s financial annual report. The result shows that cost of goods sold, and cigarette excise have negative effect on net profit margin in simultaneous impact. Partially, the cost of goods sold has a negative effect on net profit margin than cigarette excise. In this case, companies have to consider other aspects before making the cost of goods sold determination. This decision would have more effect on net profit margin than cigarette excise does.

PROFITABILITY ANALYSIS OF RICE MILLING AND MARKETING IN BAUCHI STATE, NIGERIA

The study analysed the profitability of rice milling and marketing in Bauchi State, Nigeria. Multi-stage sampling procedure was used for the selection of respondents. The respondents comprised rice processors (millers) and marketers. Data were collected using questionnaire and analysed using descriptive statistics, farm budgeting techniques and multiple regression analysis. The findings revealed that majority (87.5%) of the millers and all (100%) of marketers were male and married with a mean age of 39 and 44 years respectively. However, 43.8% of the millers and 40% of the marketers had a family size of between 6-10 people per household with majority (62.5%) of the millers having tertiary education. The analysis also shows that half (50%) and more than half (53%) of the millers and marketers had a marketing and milling experience of between 11-20 years. The result of the budgeting model revealed that millers had a net income of N714 per bag with a return per naira of N1.46 and marketers had a net income of N1, 672 per bag with a return per naira of N 0.12. The results of the regression analysis revealed that years of milling experience and education level were the factors influencing rice milling while household size and membership of association were significant factors influencing rice marketers’ income. However, high cost of diesel (96.7%) and transportation cost (95%) were the major constraints faced by the millers and marketers in the study area. The study concluded that, milling and marketing of rice is a profitable ventures in the study area. It is therefore, recommended that government together with stakeholders should provide adequate infrastructure and introduce favorable policies to strengthen the rice value chain in the study area.