Performance Of Companies Research Articles

Financial Analysis in Rail System Enterprises: Application of The Republic of Turkey State Railways Transportation Company

Financial analysis is a fundamental tool used to measure a company's financial condition and performance, particularly its profitability and operational efficiency. This study examines the applicability of financial analysis in railway system operations, specifically focusing on the Republic of Turkey State Railways Transportation Company. The study aims to validate the importance of financial analysis in the railway transportation sector and assess the company's financial condition and performance. The company's basic financial statements, such as the balance sheet and income statement, were analyzed to provide insights into its financial health regarding liquidity, debt, and profitability. Additionally, methods such as ratio analysis were employed to compare the financial performance with past years and to make inferences about potential future performance. The study's results indicate that while the company’s financial health is generally strong, there are areas where improvements can be made. Efforts to enhance operational efficiency and implement more effective cost-control measures are recommended to the company. The findings suggest that financial analysis significantly affect in the company’s strategic planning processes. In conclusion, this study has demonstrated the importance and applicability of financial analysis in railway system operations through the example of the company in question. Financial analysis can be used as a tool to help railway system enterprises understand their financial condition, make strategic decisions, and ensure long-term sustainability.

Financial performance and capital structure of select hydropower companies in India: An Empirical Analysis

This research paper attempts to analyse the relationship between the capital structure and financial performance of two hydropower generation public sector undertakings in India. Secondary data sourced from the financial statements of the corresponding generating companies for the period from 2010-11 to 2016 is analysed using multi-correlation analysis. Results indicate that the capital structure negatively impacts profitability, consistent with the extant research on the subject matter as well as the underlying financial principle - more debt, more interest expenses, and hence lesser profitability. Moreover, in consonance with the MM hypothesis, the present research has revealed that the interaction of tax and capital structure results in the negative impact of tax on the capital structure.

Intellectual capital, digital transformation and firms' financial performance: Evidence from ecological protection and environmental governance industry in China.

As the pace of enterprise digital transformation accelerates, intellectual capital (IC) has become a core driving force of gaining market competitive advantages and enhancing value creation capabilities. The paper aims to investigate the impact of IC and its components on financial performance of Chinese ecological protection and environmental governance companies during 2018-2021. In addition, the moderating effect of digital transformation between them is examined. IC is measured by the modified value added intellectual coefficient (MVAIC) model, and the measurement of digital transformation is based on text mining. The results suggest that IC can improve firm financial performance, especially during COVID-19. Physical capital, human capital (HC), and relational capital (RC) positively affect financial performance, while structural and innovation capitals have no significant impact. In addition, digital transformation strengthens the positive relationship between IC and its two elements (HC and RC) and financial performance. Heterogeneous analysis finds that the relationship between RC and innovation capital and financial performance is positive before COVID-19, and it is not significant during COVID-19. For highly leveraged companies, structural capital negatively affects financial performance, and RC has a positive impact. These impacts are not significant for low leveraged companies. This paper provides some new insights for managers who seek new ways to improve firm performance in the process of digital transformation.

Analysing Stock Market Performances of Energy Companies Traded on Borsa Istanbul in Terms of Sustainability

This study examined whether the announcement of the inclusion of companies in the sustainability index had an effect on the stock market performance of the companies. Research focuses on analyzing the potential impact of the announcement that 9 Turkish companies including in the Borsa Istanbul Sustainability Index, which is a part of both Elektrik and Sustainability Indexes in December 2023. The effects of the public notification were examined with the Case Study Method. Before and after 5 and 10 business days from the announcement date of stock closing data were examined. As a result of the analysis, it was concluded that there was an abnormal negative return in the companies with the notification of entering the Sustainability index. Since sustainability is a long-term process, it’s important for companies to have sufficient financial strength to meet and sustain the criteria specified in the methodology.

Analysis of the quality of service of PT Bheta Yard Nusantara towards customer satisfaction as a contracting company in the field of services and procurement of goods

PT Bheta Yard Nusantara is a contractor company focused on providing services and procuring goods across various industrial sectors. This study aims to analyze the quality of service provided by the company and its impact on customer satisfaction. The research design employs a quantitative approach using the Importance-Performance Analysis (IPA) method to evaluate customer perceptions and expectations. Primary data were collected through questionnaires distributed to customers who have utilized the company's services. The findings indicate that the total average service performance reached 3.22, while customer expectations stood at 3.18, demonstrating that the company's performance aligns with customer expectations. The implications of this research emphasize the importance of improving service quality in areas deemed significant by customers to enhance satisfaction and loyalty. The conclusion of the study is that while the company has shown adequate performance, there remains room for improvement, particularly in responsiveness and information transparency. Practical implications suggest that the company should implement service enhancement strategies focused on customer needs to maintain competitiveness in an increasingly tight market.

Students' Expectations of Accounting's Role in Ensuring Business Sustainability

This research aims to explore student expectations regarding the role of accounting in understanding and applying the concept of business sustainability through in-depth interviews. In a business context that is increasingly focused on sustainability, accounting has become crucial in measuring, reporting and guiding sustainable business decisions. Through interviews with students, their expectations regarding the role of accounting for business sustainability are reflected in various aspects. First, accounting measures a company's sustainability performance by monitoring the environmental, social and economic impacts of business activities. Second, accounting provides a framework for preparing transparent and informative sustainability reports, helping to meet stakeholder needs. Third, accounting helps companies identify, evaluate and manage risks and opportunities related to business sustainability. Fourth, accounting facilitates the assessment of a company's long-term value by considering the social, environmental, and economic impacts of business operations. Fifth, information produced by accounting guides company management in making strategic decisions that support sustainable business growth and build a strong reputation in the eyes of stakeholders. Through a better understanding of the role of accounting in the context of business sustainability, students expressed their belief that accounting is a tool for shaping a more responsible and socially and environmentally sustainable business future.

Designing an Integrated BSC and IPMS Model Performance Optimization

This study aims to design a performance measurement model by integrating two performance measurement methods, namely the Balanced Scorecard (BSC) and Integrated Performance Measurement Systems (IPMS), to optimize the company's performance. This approach is expected to provide a comprehensive view of the company's performance by combining financial and non-financial indicators and ensuring strategic alignment. The research approach used is descriptive-analytical (literture review), which aims to provide an overview of the performance measurement model design by integrating the Balanced Scorecard (BSC) and Integrated Performance Measurement Systems (IPMS). The study will identify how the integration of these two systems can improve productivity and operational effectiveness. The expected outcome is sustainable performance improvement and productivity enhancement through the implementation of a holistic and integrated performance measurement framework. The novelty of this research lies in the absence of a performance measurement model that combines both methods to measure company performance. The research results in a performance measurement model design that can be implemented to optimize performance in an industry.

Green Supply Chain Management and Environmental Performance in Small, Medium and Large-Sized Italian Manufacturing Companies

With the world moving towards global warming, a growing population, and the reduction of non-renewable resources, Green Supply Chain Management (GSCM) has recently received increased attention. While green practices are essential in developing a more sustainable performance, the effectiveness of those practices may vary from company to company. The purpose of this study is to showcase various green practices adopted and implemented by companies of different sizes to achieve varying levels of environmental performance. Moreover, to ensure higher sustainability, a company could adopt strategies with the adoption of green practices. The present study is quantitative in nature. The study uses a survey of 100 randomly selected small, medium, and large manufacturing Italian companies listed in the “Bureau van Dijik Electronic Publishing” database about their green practices and environmental performance. The results were analyzed using SPSS. It aimed to analyze whether any relationship existed between different green practices and their impact on environmental performance. This research contributes positively to the literature on the association between GSCM practices and environmental performance. It establishes that company size significantly affects the number and types of green practices implemented and how these can be effectively executed to improve environmental outcomes. The study’s findings tested the hypothesis that different-sized companies integrate different Environmental Management practices and GSCM practices. The study revealed that large companies are more likely to implement green practices than small ones. The findings provide practical insights to managers, particularly those in the manufacturing and logistics sectors, about the GSCM practices likely to yield the best performance benefits. The research offers a nuanced approach to implementing various environmental management practices and to adopting GSCM strategies for a sustainable environment.

Sustainability Practices Impacts on Supplier Sustainability Risks and Sustainability Performance: An Empirical Study of Brazilian Companies

ABSTRACTThis study explores the influence of sustainability practices on supplier sustainability risks and sustainability performance in Brazilian companies, offering key insights into how behavioral and technical practices impact these crucial areas. Data were collected from 152 Brazilian companies across various sectors. The theoretical framework was tested using partial least squares structural equation modeling. The research findings highlight that implementing behavioral sustainability practices has a positive effect on reducing supplier sustainability–related risks and improving overall sustainability performance in supply chains. These practices, focused on fostering sustainable behaviors within organizations and among suppliers, play a critical role in mitigating sustainability risks and enhancing long‐term performance. Unexpectedly, the study did not confirm the predicted relationship between technical sustainability practices and improvements in supplier sustainability–related risks and performance. This surprising result challenges traditional assumptions about the effectiveness of technical practices in improving supply chain sustainability performance. By uncovering the distinct impact of behavioral versus technical sustainability practices, the study provides valuable insights for both researchers and practitioners. It emphasizes the importance of promoting behavioral change to achieve meaningful sustainability outcomes. The findings have practical implications for companies aiming to enhance their sustainability strategies and manage sustainability risks more effectively within their supply chains, making this research a significant contribution to sustainable management and supply chain theory.

Framework of Smart Multi-purpose Utility Tunnel Information Modeling for Lifecycle Management

Multi-purpose Utility Tunnels (MUTs), as an alternative to buried and above-ground utilities, can accommodate multiple utilities, such as gas, water, and sewer pipes, and electrical and telecommunication cables. Despite MUTs' advantages, their high initial construction cost and the need for coordination among utility companies hindered their wide usage. Building Information Modeling (BIM) can solve some of these problems by facilitating the design, construction, operation, and coordination of utility companies. However, BIM is mainly developed for buildings and extended to some civil structures. There is a lack of a comprehensive framework covering MUT components and information requirements for other use cases, and its integration with Geographic Information Systems (GIS) and other technologies. This paper proposes an integrated framework for Smart MUT Information Modeling (SMUTIM) by (1) gathering the information requirements for all the phases of lifecycle management, (2) analyzing the use cases of SMUTIM, and (3) extending the Industry Foundation Classes (IFC) to SMUTIM. A case study demonstrates the benefits of the proposed framework.

ANALISIS BIBLIOMETRIK DENGAN VOSVIEWER TERHADAP PERKEMBANGAN PENELITIAN AUDIT PEMASARAN

The subject of marketing audits has been the center of interest for both academic and professional researchers. The existence of marketing audits can help improve corporate governance, prevent fraud and increase the efficiency of company operations. The purpose of this study is to determine the development of marketing audit research using bibliometric analysis in the VOSviewer 1.6.20 application, and research data is facilitated through the use of the Publish or Perish (PoP) application. The data collected was obtained from examining search results related to the keyword “Marketing Audit” obtained from scientific journals indexed by Google Scholar as many as 1,870 articles, covering the period 2005 to 2024, have been identified in this study. The research method used in this study is qualitative. The research shows that the development of marketing audit research from the period 2005 to 2024 experienced an up and down graph, with the most publications in the period 2023 and the smallest in 2019. The results show the importance of bibliometric analysis in providing analytical data about this study providing guidance and serving as a valuable resource for researchers involved in the exploration and identification in this research theme

ANALISIS SISTEM PENGENDALIAN INTERN PIUTANG USAHA TERHADAP RESIKO PIUTANG TAK TERTAGIH PADA PT. SARANA YEOMAN SEMBADA

Receivables are a measure of success for a company, because accounts receivable is the largest part of current assets and a substantial portion of the total assets of the company. For that reason, internal control is needed which aims to make things run according to them should so that in this case they can improve the effectiveness and efficiency of the company's operations. This research was conducted at PT. Sarana Yeoman Sembada from March to July 2018. Analysis of the data used in this study was to use descriptive analysis method, which first collected the existing data and then clarified, analyzed, then presented so as to provide an overview clear about the situation under study. Types of data sources used are primary data and secondary data. The results of research conducted by the researchers indicate that internal control set in PT. Sarana Yeoman Sembada is not in accordance with the elements of good internal control.

<i><b>The impact of tourism companies on the development of domestic tourism - an applied study on a sample of travel and tourism companies in the city of Baghdad *</b></i>

The performance of tourism companies has received a lot of interest from researchers in various fields and intellectual trends (sociology, psychology, economics) in order to improve and develop their performance and measurement tools to suit different circumstances. The ability of tourism companies to continue facing their surroundings in which they operate does not depend only on plans and good preparation by the administration, but must be accompanied by continuous monitoring and follow-up of human resources and the methods of work followed and how to implement their plans and objectives required to achieve the desired results to increase the internal tourism movement, and points out The practical reality indicates the increasing importance of the performance of tourism companies as they are one of the most important sectors that contribute to the development of tourism activity. From the above, the main question can be raised (Can tourism companies influence the development of domestic tourism?) The researchers reached a set of conclusions, the most important of which is that tourism companies have a strong relationship with the development of domestic tourism, and the methods of work used by the administration have an impact on the development of domestic tourism and that domestic tourism preserves the local currency and achieves economic benefits for the country and reduces the leakage from the local economy. The study also concluded with a set of appropriate recommendations that can benefit the relevant authorities in this field, including the need to develop domestic tourism through (coordination with the authorities concerned with infrastructure such as transport and with appropriate standards) and (the necessity of providing a work turnover system among employees for the purpose of business continuity) and (promotion of In social media)

Enhancing top managers' leadership with artificial intelligence: insights from a systematic literature review

Abstract In the contemporary landscape of digital transformation (DT), the wave of artificial intelligence (AI) is radically restructuring the managerial processes of organizations. As a result, the influence of top managers is emerging as a determining factor in the effectiveness of business strategies related to AI innovation. Academics have provided a large body of literature on this topic, drawing on upper echelons theory, which states that top managers' leadership influences companies' strategic decisions and performance. Leaders have revolutionized their roles and skills to exploit the full potential of AI and integrate it into the business decision-making process effectively. However, given the fragmented nature of existing studies, a systematic literature review is needed to consolidate and clarify how AI impacts top managers' leadership. This paper presents findings involving bibliometric and content analysis tools, examining 63 articles from 31 highly ranked academic journals. Three research clusters emerge: (1) AI-driven skills of top managers' leadership; (2) factors driving top managers' decision to adopt AI in organizations; and (3) the strategic use of AI. The article contributes to upper echelons theory, providing a holistic perspective on top managers' leadership in the AI era and a guidance framework for successfully integrating AI in businesses. Finally, the study offers scholars avenues for future research and provides practical insights for top managers seeking to harness AI technologies to enhance their strategic leadership in organizations.

Оценка перспективы внедрения обязательной нефинансовой отчетности в России

The need to create sustainability reports is recognized by most Russian companies. Discussions on the obliga-tion of non-financial reporting are underway today at various levels ‒ in the scientific community, government authorities, and industry. This study examines the positions of various scientists on this issue, as well as the prospects for the introduction of mandatory non-financial reporting from the point of view of government and industry. The methodological basis for the analysis was statistical data on non-financial indicators of Russian companies. According to the results of the study, it was found that prerequisites for mandatory non-financial reporting are being formed in the legislative field, and a regulatory framework is being developed to assess non-financial performance of companies. However, the industry’s attitude towards the introduction of mandato-ry non-financial reporting remains ambiguous based on various reporting standards for disclosing information on the implementation of the Sustainable Development Goals.

Analysis of the Influence of Financial Flexibility, Financial Distress, and Tax Policies on the Performance of Companies on the Indonesia Stock Exchange

The growth of Indonesia's manufacturing sector GDP has shown a declining trend since 2016 and was further exacerbated by the Covid-19 pandemic, necessitating improved company performance through the application of sound financial management principles. Financial flexibility, financial distress, and tax policies are key factors that need to be studied to understand their impact on the performance of manufacturing companies. This study aims to identify the influence of financial flexibility, financial distress, and tax policies on the performance of manufacturing companies in Indonesia.bThis research uses a quantitative method with a descriptive statistical approach, examining manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2023. A sample of 123 companies was selected using purposive sampling techniques, and data analysis was used to test the analysis hypothesis, namely panel data regression using the Eviews 12 program to broadcast the influence of financial flexibility, financial difficulties and tax policy on company performance. The research results show that financial flexibility has no significant effect on company performance and financial distress has a significant effect on company performance, while tax policy has a significant effect on company performance.

Economic Policy Uncertainty and Ecological Performance of European Companies: Does the Role of the Board Matter?

Economic Policy Uncertainty and Ecological Performance of European Companies: Does the Role of the Board Matter?

Job Satisfaction: The Golden Bridge to Optimal Employee Performance in a Palm Oil Company in South Kalimantan, Indonesia

Job Satisfaction: The Golden Bridge to Optimal Employee Performance in a Palm Oil Company in South Kalimantan, Indonesia

Does institutionalization enhance logistics performance in international businesses? A moderated and mediated model

Abstract The performance of interdependent international companies is required to be consistently high, leading to an increase in sectoral competition. Furthermore, they are endeavoring to establish an institutional structure in order to enhance their professional and distinctive commercial procedures while also maintaining their competitive advantages. This study aims to investigate the influence of institutionalization, which holds significant organizational and operational importance, on logistics performance, a key factor in gaining a competitive edge. Specifically, it investigates the moderating role of autonomy and the mediating role of logistics agility in this relationship, providing empirical insights through a model grounded in the Dynamic Capabilities View. By addressing the gap in literature where institutionalization and logistics performance have not been studied together, this research highlights how autonomy and agility can transform the effects of institutionalization on performance outcomes. The data collected through the questionnaire were empirically tested using path analysis in structural equation modeling. Data were collected from 390 employees by visiting 108 companies in Western Mediterranean region of Türkiye. The study concludes that formalization and cultural strength positively affect logistics performance, logistics agility positively partially mediates these interactions, and autonomy has a moderating effect on the effect of cultural strength on logistics performance. The findings provide a nuanced understanding of how formalization and cultural strength can synergistically enhance logistics performance, thereby offering actionable insights for practitioners. This study also emphasizes the critical importance of fostering a supportive culture that empowers employees through autonomy, which is essential for optimizing logistics operations in dynamic environments. It is expected that the results of the research will serve as a guide for organizations seeking to improve their logistics performance through institutionalization and will contribute to future studies by filling the gap in the literature.

La ética empresarial y la responsabilidad corporativa en el sector de la hostelería del cantón La Maná.

This study explores the impact of business ethics and corporate social responsibility (CSR) on the reputation and financial performance of companies in the hospitality sector in the canton of La Maná, Ecuador. The hypotheses proposed suggest that ethical practices improve reputation (H1) and that CSR contributes positively to financial performance (H2). Through an analysis based on partial least squares structural equation modeling (PLS-SEM), it was found that cultural and normative factors have a significant effect on reputation, confirming H1. However, only the economic component of CSR showed a significant relationship with performance, partially supporting H2. Environmental and social practices did not have a direct impact on financial performance, which could be attributed to a limited perception of their immediate benefits. These results suggest that companies in the sector must balance ethical and responsible practices with market expectations and emphasize the importance of effectively communicating these practices to maximize their influence on reputation and performance.