Performance Of Companies Research Articles

HOW CAN FINANCIAL DISTRESS MODERATE FINANCIAL PERFORMANCE RELATIONSHIPS AFFECT TAX AVOIDANCE?

The objective of this study is to collect tangible evidence that illustrates the influence of key financial indicators like return on assets and leverage on tax avoidance while also evaluating the role of financial distress as a moderating variable. It examines the performance of consumer companies, both cyclical and non-cyclical, that are registered on the Indonesia Stock Exchange (IDX) during the timeframe from 2020 to 2022. This current study contributes to the literature through a focus on the less explored relationship between financial distress and tax avoidance, particularly in the consumer sector. The increased economic uncertainty caused by the pandemic has made performance measures even more relevant. Results provide practical implications for corporate executives wanting to optimize financial strategies for policymakers desiring to improve tax compliance. Given this, the focus on this sector, therefore, presents a fresh look into how financial health influences tax approaches, an aspect which has not been deeply analyzed in Indonesia. The research applied purposive sampling techniques and selected 62 companies that satisfied the study's requirements, generating 186 data points across three years. The analysis utilized Eviews 12.0 software to perform panel data regression analysis, complemented by a quantitative examination involving using panel data, chow, and Hausman tests simultaneously. The results suggest that aspects of financial performance, such as return on assets and leverage, have a favourable impact on tax avoidance, but the inclusion of financial distress as a moderating factor appears to weaken this association.

PENGARUH BRAND AWARENESS DAN FIRM SIZE TERHADAP KINERJA KEUANGAN

The purpose of this study is to investigate the relationship between financial performance in pharmaceutical companies and the level of brand awareness and company size. The issue being raised is the relevance of brand recognition in increasing revenue; however, it is generally believed that company size has an influence on business success. For the purpose of this study, a census sample method was used, and all pharmaceutical companies were included. Secondary data was obtained from annual financial reports. The data study was conducted statistically using SPSS tools, and included classical assumption testing and multiple linear regression. Despite the fact that company size does not have a major influence on sales, the research findings show that brand awareness has a major impact on sales. This indicates that the higher brand awareness that consumers have of a company increases sales, resulting in better financial performance of the company.

A quantitative analysis of ESG disclosure and financial performance in renewable energy companies: a two-step approach using unsupervised machine learning

Purpose In the era of Industry 5.0, understanding the balance between environmental, social, and governance (ESG) and firm performance is crucial for mitigating climate change and enhancing financial outcomes. This paper aims to analyze the effect of ESG disclosure on the financial performance (FP) of renewable and clean energy (RCE) companies, focusing on the combined ESG disclosure and individual E, S, and G disclosure scores. Design/methodology/approach The study analyzed a panel data sample from 2015–2021, covering 41 RCE companies. By applying the K-means++ clustering technique, the research also explored how firm-specific features influence the relationship between ESG disclosure and FP. The Bloomberg database and audited financial reports were used to gather the data for the study. Findings The findings indicate that increased ESG disclosure positively influences FP. Further, a significant positive relationship exists between FP and a company’s E and S disclosure. However, firm-specific characteristics significantly influence this relationship. Findings suggest that a company’s commitment to comprehensive ESG efforts enhances financial efficiency rather than increasing costs. Originality/value This study adds to the ESG-FP literature by emphasizing global RCE companies, a key player in sustainability. Further, to the best of the author’s knowledge, the study’s uniqueness is attributed to its application of a two-step approach, combining ESG-FP analysis with K-means++ clustering to account for firm-specific characteristics. It also uniquely examines the individual impact of E, S, and G disclosure on the FP of global RCE companies. The findings offer valuable insights for businesses and policymakers in developing strategies that improve profitability while addressing climate change risks.

Analysis of the Effect of Corporate Social Responsibility and Good Corporate Governance on Stock Performance in Public Companies in Indonesia

This study analyzes the effect of Corporate Social Responsibility (CSR) and Good Corporate Governance (GCG) on Stock Performance (SP) in public companies in Indonesia. Using a sample of 160 companies and a quantitative approach, data was collected through a 5-point Likert scale survey and analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS 3). The findings reveal that both CSR and GCG positively influence stock performance, with GCG having a stronger impact (β = 0.612) compared to CSR (β = 0.384). The results emphasize the importance of ethical practices and effective governance in enhancing investor confidence and improving stock market performance. These findings provide important implications for managers, investors, and policymakers, suggesting that companies focusing on CSR and GCG are likely to experience better financial outcomes in the stock market.

An important company for the development of the municipality

The aim of the article is to present the notion of a company important for the development of the commune, which was introduced by the Act on Municipal Management in its original wording. Municipal self-governments are very free, contrary to the intention of the legislator and systemic solutions, to misuse this concept in terms of defining the spheres of activity and tasks performed by municipal companies. An analysis of NIK reports indicates that this concept is used to extend the sphere of public activity of municipal legal persons to sectors in which these entities should not function. In view of this, it seems right to postulate that this concept should be clarified or completely eliminated from the Act on Municipal Management. At the same time, it is necessary to seriously consider strengthening the control of the operation of municipal companies in the context of answering the question whether their sphere of activity complies with the applicable law.

Development Of Management Training System In Providing Trainee At Wedding Organizer Delapan Planner, Denpasar, Bali

Delapan Planner is one of the recommended wedding organizers in Bali. The training management system at Delapan Planner is self-taught and conducted directly in the field. However, the trainees lack learning references, leading to less efficient work performance. The purpose of this study was to develop a training management system for the trainees at Delapan Planner to enhance their efficiency and effectiveness. This study employed a qualitative descriptive research method. Data collection techniques included observation, interviews, and documentation. Data were analyzed using a fishbone diagram to identify the root causes of the problem, focusing on four factors: methods, people, materials, and measurements. Additionally, the POAC Theory (Planning, Organizing, Actuating, Controlling) was applied. The results revealed that project improvements in the training management system were developed and systematically structured using the POAC theory. These improvements included creating training guidelines, refining training SOPs, and enhancing team communication. The study suggests that Delapan Planner updates its training management system by implementing a more structured training program. This approach is expected to improve the quality of service provided to trainees, thereby enhancing the company's overall performance more effectively and efficiently.

"CEO Duality Dynamics: Assessing Financial Performance in Corporate Governance"

In today's corporate world, the importance of corporate governance has led to a focused examination of company board structures and the pivotal role played by CEOs. This scrutiny arises from the CEO's crucial involvement in a multitude of areas including board dynamics, the promotion of transparency, fostering shareholder engagement, ensuring accountability, embracing gender diversity within leadership, cultivating stakeholder relations, strategic oversight, enhancing risk management, fortifying internal controls, and managing the company's reputation. The practice of leadership dualism, where an individual simultaneously occupies the roles of CEO and board Chairman, is a subject of debate. While this leadership model is favored in emerging markets, it is generally prohibited in more developed economies that operate with two-tier board systems. Despite the Indian Companies Act of 2013 introducing reforms aimed at strengthening corporate governance by overhauling board practices, the dual role of CEOs remains unaddressed in the current legal framework. This research delves into the effects of a CEO holding dual roles on the financial outcomes of companies in India. The analysis reveals that the financial performance of companies does not show a clear correlation with the practice of leadership dualism.

Analysis of the Effect of Liquidity, Leverage, and Profitability on the Financial Performance of Companies in the Indonesian Capital Market

This study examines the influence of leverage, liquidity, and profitability on the financial performance of companies listed on the Indonesian Capital Market. A quantitative approach was utilized, involving 150 companies, with data measured using a Likert scale (1–5) and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS 3). The findings reveal that leverage and profitability significantly and positively impact financial performance, with profitability demonstrating the strongest effect. Liquidity also positively influences financial performance, albeit to a lesser extent. Collectively, the three variables explain 62% of the variance in financial performance, highlighting their interdependence and critical role in driving firm success. The study provides valuable insights for corporate managers and policymakers in emerging markets, emphasizing the importance of strategic financial planning to ensure sustainable growth.

Trend Analysis Of Financial Statements For Evaluating PT BNI Life Insurance’s Performance

Financial reports can provide an overview of the company's performance in each period from year to year. The purpose of this research is to evaluate the financial performance of PT BNI Life Insurance using trend analysis techniques in the statement of financial position and income statement. The research method used in this study is a descriptive method with a quantitative approach, in which the author collects data in the form of a balance sheet financial position report. Data collection techniques used are documentation and literature study. The results of this study indicate that there are fluctuating developments in the balance sheet financial statements and profit and loss, in the balance sheet from 2017 to 2021 shows an increase in company performance, while in the income statement from 2017 there is a significant decrease in 2018 and subsequently fluctuating experienced increases and decreases in performance from 2019 to 2021 even though in 2020 and 2021 the company's performance has shown improvement. In conclusion, using trend analysis it can be predicted that the postal value of the coming year will experience the same fluctuating developments as in previous years.

The Role of Financial Administration Staff In Managing Petty Cash In The General Engineering Division of PT PAL Indonesia

Financial administration staff play an important role in ensuring the smooth functioning of the company's operations, especially in petty cash management. In the General Engineering Division of PT PAL Indonesia, petty cash management is one of the crucial elements to support daily operational needs. Therefore, highly competent financial administration staff are required to handle these tasks properly. This study aims to analyze the role of financial administration staff in managing petty cash at the General Engineering Division of PT PAL Indonesia which focuses on the tasks and obstacles faced. The method used in this research is a qualitative approach, with data collection techniques in the form of interviews and direct observation to financial administration staff. The results showed that financial administration staff have an important role in managing petty cash, which consists of six stages of tasks, from the establishment to reporting the use of petty cash funds. In addition, this study also identified several obstacles faced in petty cash management. From this study, it can be concluded that the role of financial administration staff is very significant in maintaining the efficiency and effectiveness of petty cash management, which directly supports the overall performance of the General Engineering Division of PT PAL Indonesia.

The Influence of Credit Risk, Liquidity Risk and Capital Adequacy on Financial Performance in the Conventional Banking Sector Listed on the Indonesian Stock Exchange for the 2021-2023 Period

This research aims to examine the influence of credit risk, liquidity risk and capital adequacy on financial performance in the conventional banking sector listed on the Indonesian Stock Exchange for the 2021-2023 period. The sampling technique used in this research is Purposive Sampling. The population in this study was 42 companies and 38 companies met the requirements to be the sample. The type of data used in this research is secondary data and multiple linear regression analysis methods. Credit Risk is measured using Non Performing Loans. Liquidity Risk is measured using the Loan to Deposit Ratio. Capital Adequacy is measured using the Capital Adequacy. The financial performance of banking companies is measured using Return On Assets. The Classical Assumption Test states that the data in this study are normally distributed and produce a regression model that is free from multicollinearity, heteroscedasticity and autocorrelation. Based on the partial test analysis, the results obtained are : (1) Credit Risk has a positive and significant effect on Financial Performance. (2) Liquidity Risk has a positive and significant effect on Financial Performance. (3) Capital Adequacy has no significant effect on Financial Performance. And the results of the F Test in this research show that Credit Risk, Liquidity Risk and Capital Adequacy simultaneously influence Financial Performance. The findings in this research have implications for banking companies to pay careful attention to financial management in order to obtain maximum profits.

Impact of Diversity and Inclusion Policies on Organizational Performance in Multinational Companies: A Quantitative Analysis

Globalization has increased the complexity of business, particularly for multinational companies facing the challenges of diversity and inclusion in the workplace. Diversity and inclusion have been recognized as strategic factors that can drive innovation, productivity, and operational efficiency. This study aims to analyze the impact of diversity and inclusion policies on organizational performance in the context of multinational companies. Using a quantitative approach, data were collected through a questionnaire survey involving 200 respondents from various multinational companies. Analysis was conducted using multiple linear regression to measure the contribution of diversity and inclusion policies to organizational performance. The results show that diversity contributes 45% to the improvement of organizational performance, while inclusion contributes 37%. The R² value of 0.6416 indicates that the model can explain 64.16% of the variability in organizational performance based on these two variables. Furthermore, the effective implementation of diversity and inclusion policies has been shown to increase employee engagement by 28% and operational efficiency by 15%. This study emphasizes that diversity and inclusion should be regarded as essential elements in an organizational strategy to enhance competitiveness in the global market. This research contributes to the literature on diversity and inclusion by providing relevant empirical evidence to support strategic decision-making in multinational companies. The study also offers practical guidance for managers in designing more inclusive policies to maximize human resource potential.

Information technology and its impact on strategic performance in Yemeni telecommunications companies

Information technology is critical to improve and raise the level of strategic performance of organizations. This study aimed to investigate the impact of information technology and information technology dimensions (hardware, software, databases, communication networks, and personnel skills) on the strategic performance of Yemeni telecommunications companies and assess the overall level of information technologies and strategic performance of respective companies. The study adopted a descriptive-analytical approach and used a questionnaire for data collection. The sample of the study comprised 560 employees out of the total population of 2,238 employees in chosen Yemeni companies. The selected employees included CEOs, deputy executive managers, department managers, section heads, supervisors, and specialists due to the relevance of their roles to information technology and strategic performance. Accordingly, 479 questionnaires were successfully retrieved and analyzed. The findings showed that information technology positively impacts strategic performance (R2 = 0.385; p < 0.05), indicating that information technology plays a significant role in enhancing strategic performance. The dimensions (hardware, databases, and personnel skills) have a statistically significant effect on strategic performance (β = 0.212, 0.205, 0.340; p < 0.05), while software and communication networks showed no statistically significant effect (β = 0.043, 0.033; p > 0.05). Additionally, the findings revealed a high level of information technology and strategic performance in Yemeni companies. These findings indicate that Yemeni telecommunications companies place significant emphasis on information technology and strategic performance.

Leadership and person management skills in a footwear manufacturer in the city of León, Guanajuato

The purpose of the research is to understand the work environment through a diagnosis of the factors that affect the performance of workers and the lack of motivation in order to understand the problems in the direction and management of personnel in a footwear company. the city of León Guanajuato. The method is quantitative, non-experimental, the data were obtained only once, descriptive statistics were used, the recording of the measurements was through a structured questionnaire and analysis tools, a census of the 251 people who work in the company was applied. company. A questionnaire was designed with 47 questions on a Likert scale. The result is the need to develop leadership and management skills in middle management to improve performance, intra-organizational communication and staff motivation in a footwear manufacturing company in the city of León, Guanajuato.

Correlational analysis of gender, professional training and financial performance in restaurant companies in Mexico

This research was born with the intention of analyzing the importance of professional training, as well as the gender of people who run restaurant companies in two States of Mexico. To meet the objective of the study, a quantitative research, non-experimental, and transactional design was carried out. Likewise, the study is correlational, since it seeks to study the degree of association between the behavior of gender variables, professional training and their relationship with financial performance considering the internal accounting control system and the financial internal control system. With Cronbach's alpha values above 0.5, using the Kolmogorov-Smirnov Test correlation coefficient using the Lilliefors significance correction. With six hypotheses, finding four of them accepted and two rejected. With very interesting results because financial performance is indistinct whether the manager is a man or a woman.

An Analysis Strategic Investment in Smart Mobility and the Impact on Financial Performance of BLUE HYUNDAI

This study explores the strategic investment in smart mobility initiatives by Blue Hyundai and evaluates its impact on the company's financial performance. With the growing demand for innovative, sustainable, and technology-driven transportation solutions, smart mobility has emerged as a critical area of focus for automotive companies. This analysis investigates the relationship between investments in smart mobility technologies—such as electric vehicles (EVs), connected cars, and advanced driver-assistance systems (ADAS)—and key financial performance indicators, including revenue growth, profitability, and market share. The research employs both qualitative and quantitative methods, drawing on financial reports, market trends, and industry data. Findings highlight the potential of smart mobility to enhance operational efficiency, attract environmentally-conscious consumers, and secure long-term competitiveness, while also identifying challenges such as high initial costs and regulatory complexities. Keywords: Smart Mobility, Strategic Investment, Financial Performance, Blue Hyundai, Electric Vehicles, Technology Integration.

Penerapan Keberlanjutan Operasional Perusahaan Pailit dalam Perspektif Hukum Kepailitan di Indonesia

The research objective of this article is to evaluate whether bankruptcy law policies in Indonesia are adequate in supporting operational sustainability and recovery of bankrupt companies and to analyze the role of curators and commercial courts in the operational sustainability process of bankrupt companies. The research method used in this article is a normative legal research method with a statutory approach and a conceptual approach. The research results show that bankruptcy law policy in Indonesia is inadequate and still has many shortcomings in supporting the recovery and operational sustainability of bankrupt companies. Policy reform is needed so that the focus can shift from liquidation to restructuring, taking into account the interests of all parties. This will create a more supportive environment for companies to recover and resume operations. The role of curators and commercial courts is very important in determining the continuity of company operations after the bankruptcy decision. The curator acts as a manager who ensures that the company's assets can be utilized as optimally as possible, while the commercial court provides legal supervision and approval of these sustainability measures. In this way, both parties collaborate to achieve the main objective of the bankruptcy process, namely providing the best solution for all interested parties, whether through debt repayment or potential company recovery.

Analyzing the Social License Index of the PT. Indonesia Asahan Aluminium Hydropower Plant in Toba Regency

This study investigated the social license and stakeholder relationships of PT. Indonesia Asahan Aluminium (INALUM) in North Sumatra using the Social License Index (SLI). The SLI provides a systematic analysis of social licenses and offers insights into the company-stakeholder relationship, including factors affecting operational sustainability. This research was conducted in PT. INALUM industrial region in North Sumatra, focusing on the surrounding geographical area. The study population was comprised of individuals representing various aspects that were directly and indirectly involved in the company's operations. Data collection involved surveys and in-depth interviews with 54 informants from diverse backgrounds, including the private sector, local government officials, religious leaders, labor representatives, academics, and community members. Results from Business and Government perspectives indicate that PT. INALUM is perceived as a reliable partner that contributes positively to local economic development and social programs. However, the Civil Society Organization (CSO) perspective revealed persistent challenges in company-CSO interactions. This research emphasizes the importance of enhancing communication, engagement, and transparency in a company's relationship with CSOs. The study found that PT. INALUM's SLI level reached a satisfactory level in terms of gaining support and trust, with the SLI level reaching co-ownership. This indicates that the company is an integral community partner with solid support levels and close partnerships. In conclusion, PT. INALUM has established strong social support and trust among various stakeholders. Despite positive assessments of local economic development and social programs, challenges related to CSO interactions persist. To further strengthen support levels, improved communication, engagement, and transparency with CSOs are recommended.

Assessment of Dividend Payout Ratios in Nepalese Commercial Banks: A Buddhism Perspective

Buddhism ethics in investment and profit distribution emphasize compassion, non-harm, ethical conduct, generosity, and avoidance of greed, guiding Nepalese banks toward balanced, sustainable, and ethical operations. The dividend payout ratio shows how much of a company's earnings after tax are distributed to shareholders, indicating profitability and boosting shareholder trust. The board of directors sets the dividend policy, including payment frequency and amount, based on company performance. The study titled, assessment of dividend payout ratios in Nepalese commercial banks from a Buddhist perspective analyzes three prominent banks (NBL, RBB, and ADB) from 2012/13 to 2021/22. These banks were chosen for their strong fundamentals and popularity among investors. The study used secondary data from annual reports and employed statistical and financial tools like descriptive statistics, correlation, and regression analysis to evaluate their performance and investment appeal. From a Buddhism perspective, the investment and dividend mechanisms should align with ethical considerations. The analysis shows that banks with higher growth and earnings per share tend to have higher dividend payouts, but the overall complexity and variability suggest that mindful and ethical financial decisions are crucial.

CORPORATE DECISION-MAKING AND THE IMPACT OF ACQUISITIONS ON SHARE PRICES: THE CASE OF VERIZON

This study investigates the impact of Verizon Communications Inc.'s acquisition of Yahoo on the company's stock performance, using a combination of statistical, visual, and multiscale analytical methods. The research analyzes how strategic corporate decisions, particularly acquisitions, influence short-term and long-term stock behavior. Data spanning from 2014 to 2024 was analyzed to capture pre-acquisition, acquisition, and post-acquisition trends. The methodology integrates boxplot visualizations to explore variability and outliers, quantile analysis to assess distributional characteristics, and descriptive statistics to summarize key metrics such as mean, standard deviation, skewness, and kurtosis. Tabulation analysis evaluates associations between stock returns and trading volumes, while wavelet analysis decomposes stock returns into multiple time scales to identify short-term fluctuations and long-term trends. Results reveal significant volatility during key events, such as the Yahoo acquisition in 2017 and the COVID-19 pandemic, with daily fluctuations peaking at ±6. Medium-term adjustments (4–8 days) exhibited moderate changes, and long-term trends (32-day cycles) showed structural shifts, including positive coefficients in 2017 (+0.5) and negative coefficients in 2020 (-0.6). The research highlights the heavy-tailed nature of return distributions and skewed trading volume patterns. This study provides insights into the multifaceted effects of acquisitions on stock performance, offering valuable implications for investors and corporate managers in optimizing strategic decisions.