Performance Of Non-financial Companies Research Articles

The Influence Of The Board Of Commissioners, Audit Committee, and Ownership On The Performance Of Non-Financial Companies in Indonesia

The Influence Of The Board Of Commissioners, Audit Committee, and Ownership On The Performance Of Non-Financial Companies in Indonesia

미환류세제가 조세회피에 미치는 영향

This study analyzes the impact of the non-refundable tax system on corporate tax planning at the financial reporting stage. A non-refundable tax system is a system that taxes a certain amount of corporate income as additional corporate tax if it is not spent on investment, wages, etc. Therefore, this study analyzed the impact of tax avoidance to reduce the burden of the reverse tax system in anticipation of its temporary introduction on long-term decisions such as investment and wages, and the impact of ESG performance of companies subject to the reverse tax system on tax avoidance in the early planning stage. To this end, we empirically analyze the relationship between ESG performance, tax avoidance, and earnings adjustment(AEM or REM) using ESG evaluation data(integrated score and evaluation score) from the Korea ESG Institute(KCGI) for companies listed on the KRX from 2015 to 2020, when the non-refundable tax system was applied.
 First, we found that the discretionary accruals(AEM) earnings adjustment of companies subject to the non-refundable tax system is higher than that of companies not subject to the system. However, we do not find an increase in the adjustment of real activity profit (REM) between the two groups. However, it is analyzed that the non-refundable tax-eligible companies use AEM to plan for tax avoidance at the financial reporting stage when making tax planning. When analyzing the relationship between ESG performance and tax avoidance, we found that Ab_CFO is related to ESG·T and ESG·E, and AB_Dis_Exp is related to ESG·S. In other words, if the ESG rating of a company subject to the unregistered tax is high, it is interpreted that the decision to avoid taxes through REM (adjustment of earnings through real activities) is already being made at the financial reporting stage, which is consistent with some previous studies.
 By examining the profit adjustment behavior at the financial reporting stage to analyze the tax avoidance impact of companies subject to the non-refundable tax system using ESG ratings, a non-financial performance of companies, this study has practical implications in that it empirically verifies the impact of ESG-related reports, which are currently being prepared for mandatory introduction in KOSPI in a phased manner from 2025, on companies' financial reporting and tax planning.

Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies

This research paper focuses on the growing importance of corporate social responsibility (CSR) in the business world, particularly in the Gulf Cooperation Council (GCC) region. The main aim is to bridge the gap by assessing the impact of CSR and corporate governance on financial performance. Ultimately, this paper emphasizes the strategic importance of CSR for improving financial performance and promoting trustworthiness and public image. This paper applied the ordinary least squares (OLS) and panel regressions (fixed and random) to investigate the impact of CSR, board size, independent directors, company size, and leverage as independent variables on the financial performance as the dependent variable (return on assets — ROA). The data were collected from Refinitiv Eikon platform for 210 listed nonfinancial companies for the last ten years (2013–2022). The results suggested that the higher the company’s involvement in CSR, the more the number of board members and the more independent directors the higher the performance. In addition, the higher the leverage in the GCC the less is the profitability of firms. Finally, the larger the company the better is the performance. Such results imply that more board of directors should be hired and increase compliance with the CSR principles to achieve better performance.

A financial analysis report of three typical biopharmaceutical companies in UK

Due to the impact of COVID-19 in recent years, more and more people are beginning to turn their attention to the development of pharmaceutical companies. In particular, some investors have shifted their investment targets to the pharmaceutical sector. In addition, they actively study the financial data and non-financial performance of companies in related fields in order to make reasonable investment decisions in line with investment expectations. At the same time, due to the impact of COVID-19, the business and performance of pharmaceutical companies have changed from the previous year. Therefore, this paper selects three typical UK pharmaceutical groups, AstraZeneca, Glaxo Smith Kline and Hikma Pharmaceuticals (Forbes, 2020)[16], to analyze their financial and non-financial performance in order to bring information users some usable information for investment.

정부의 창업지원정책 및 기업가정신이 창업기업의 비재무적성과에 미치는 영향에 관한 연구

With the advent of the 4th industrial revolution era, we are experiencing a rapidly changing world through the convergence of cutting-edge technologies. The purpose of this study is to focus on the role of start-up support policies and entrepreneurship on the non-financial performance of start-up companies. To achieve this research purpose, questionnaires were distributed to 300 start-up companies in Daegu city, and statistical analysis of 264 of the recovered questionnaires was conducted using SPSS 22. The analysis results are as follows. As a result of the study, it was found that education support, financial support, and marketing support of the start-up support policy all had a positive effect on non-financial performance, and only innovation among entrepreneurship factors had a positive effect on non-financial performance. This study is meaningful in that it conducted a convergence study by comprehensively analyzing the effects of the government's start-up support policy and entrepreneurship on the non-financial performance of a company and drawing implications.

Indicators of Sustainability Reporting and Performance of Non-Financial Companies in Nigeria

Indicators of Sustainability Reporting and Performance of Non-Financial Companies in Nigeria

The association between Activity-Based Costing and performance: Empirical evidence from Moroccan companies

Research Question: Can the adoption of ABC have a positive impact on the performance of the company? Motivation: We have observed in the literature that studies on the impact of ABC on performance most often focus on financial performance. We want to explore this theme by studying, in addition to financial performance, non-financial performance. Idea: This study attempts to study the impact of ABC on performance. Data: Data was gathered using a multi-item questionnaire survey on large companies. To obtain rich data, three semi-structured interviews were conducted with management controllers. In total, 62 companies responded to the questionnaire. Tools: We used two types of tests to analyze the data: the Wilcoxon and Mann-Whitney tests and the median test. Findings: The results indicate that, overall, companies that have adopted ABC have improved their performance significantly. Indeed, its adoption has a positive effect that is more important than the traditional method on the non-financial performance of companies. However, a direct relationship between ABC and financial performance has not been confirmed. Contribution: Previous studies have focused on the effect of ABC on financial performance with inconclusive results. Our contribution has been to demonstrate the positive impact of ABC on non-financial performance. We have also concluded an indirect relationship between ABC and financial performance, which happens precisely through improving non-financial performance. We also concluded the importance of the time variable in evaluating the link between ABC and performance. The expected benefits from ABC depend on time and cannot be delivered immediately and simultaneously.

ANALISIS PENGARUH INTELLECTUAL CAPITAL, PENGUNGKAPAN SUSTAINABILITY REPORT, DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN

The purpose of this research to analyze the effect of intellectual capital, sustainability report disclosure, and firm size on the financial performance of non-financial companies listed on the Indonesia Stock Exchange for the 2017-2020. In this study, there were 66 samples from 18 companies. The data collection method used is purposive sampling method. The data analysis method used is multiple linear regression analysis. The results showed that intellectual capital has a significant positive effect on financial performance, sustainability reports disclosure has a significant negative effect on financial performance, and firm size has no significant effect on financial performance.

Influence of the Independence of Directors and the Combination of CEOs with Chairperson on Firm Value: Evidence from Cote d’Ivoire

Many empirical studies have been conducted to test the impact of the characteristics of board of directors on the performance of stock exchange listed companies in developed countries and emerging countries. There are no abundant literature on the impact of independence and Chief Executive Officer (CEO) duality on corporate performance in Cote d'Ivoire. Cote d'Ivoire is a developing country and according the International Monetary Fund (IFM), one of the three biggest economies in West Africa. Analyzes of developed economies are an example for developing economies countries and more a road map for poor countries to the development. However analyzes of the economies of developing or poor countries constitute a diagnostic and motivation to better lead these countries’ economies to the development. The aim of this study is to determine the effect of the board of directors’ characteristics on the performance of non-financial companies in Cote d'Ivoire. In particular, we focused on the analysis of three characteristics: board size, board independence and the duality of the CEO. Our empirical study has been conducted on a sample of 25 non-financial listing companies for a period from 2002 to 2016 using multiple regression analysis. The modeling was carried out after controlling multi-colinearity and correlation test by using the Hausman specific test, heteroskedasticity test. By controlling variables such as firm size, board meeting and leverage, our empirical results show a positive impact of board size on firm’s performance. It is also found that board independence has a negative effect, while CEO duality has a positive effect on financial performance proxied by ROA. However, when performance is measure by ROE, board independence has a positive effect, while CEO duality has a negative effect. Keywords : Board of Directors, Corporate Performance, Board Size, Board Independence, CEO Duality. DOI: 10.7176/JESD/12-12-04 Publication date: June 30 th 2021

The influence of risk management committees on financial performance of non-financial companies in Malaysia

The influence of risk management committees on financial performance of non-financial companies in Malaysia

PERAN HUMAN CAPITAL DALAM MENINGKATKAN KINERJA PERUSAHAAN PADA LEMBAGA PENGEMBANGAN PERBANKAN INDONESIA (LPPI)

This study examines the effect of Individual Capability & Motivation, Leadership, The Organizational Climate, and Workgroup Effectiveness on Non-Financial Performance of Companies in the Indonesian Banking Development Institute (LPPI). The research method used is quantitative methods. Samples in the study were 90 respondents. Data collection techniques using a questionnaire. The analysis technique used is the validity test, reliability test, regression analysis. The results showed that partially the Individual Capability & Motivation variable, the Leadership variable did not have a significant effect on the Company's Non-Financial Performance at the Indonesian Banking Development Institute (LPPI). Whereas The Organizational Climate and Workgroup Effectiveness have a significant effect on the Company's Non-Financial Performance at the Indonesian Banking Development Institute (LPPI). Simultaneously, Individual Capability & Motivation, Leadership, The Organizational Climate, and Workgroup Effectiveness have a significant effect on the Company's Non-Financial Performance at the Indonesian Banking Development Institute (LPPI) with a positive coefficient direction.

The Relationship between Audit and Risk Management Committees on Financial Performance of Non-financial Companies in Nigeria: A Conceptual Review

In recent years, cases of dissatisfaction from shareholders in reflection and recording of corporate financial activities, this has given rise to establishments of Audit and risk management committee and inclusion in the governance code as one of the governance mechanism for companies. It has become very serious issues of fraudulent practices by management, hence the need for audit system to signal any form of information asymmetries. This paper is purely conceptual review of past articles on corporate governance mechanism, board committees and Corporate Governance Code in Nigeria. The code defines what is needed for establishment of audit Committee by Corporations. The conceptual framework on audit and risk management committee is proposed for further study looking at Tobin q and ROA as measure of accounting and market performance respectively. DOI: 10.5901/mjss.2015.v6n3p206

Examining CSR Reports Based on Nippon Keidanren CSR Matrix

In term of increasing awareness to the importance of engagement on Corporate Social Responsibility (CSR) nowadays, shortcomings to measure some extent of non financial performance of companies are still existed. Attempt to contribute on find reliable assessment of CSR activity, the author uses content analysis to examine CSR reports published by Japanese food companies. This paper finds that particular CSR-related-words, which are picked up from Nippon Keidanren CSR matrix can be applied to describe CSR accomplishment of the companies, and assess toward which stakeholders and issues the companies address their CSR activities.