Profitability Of Companies Research Articles

The Energy Charter Treaty: Letting the sun set on sunset clauses

AbstractThis article focuses on the sunset clause of the Energy Charter Treaty (ECT). The ECT is a multilateral investor‐state arbitration treaty which allows for the use of investor‐state dispute settlement (ISDS) tribunals to arbitrate challenges arising from shifts in energy policy that lead to a loss in profits for relevant energy companies. The treaty has become controversial as climate activists have alleged it is slowing down efforts to transition away from fossil fuels. Withdrawal from the ECT does not necessarily solve the alleged issues as the treaty contains a sunset clause, allowing for the provisions of the ECT to remain in force for 20 years post withdrawal. This article seeks to analyse various mechanisms and strategies for neutralising the sunset clause as part of a wider effort to ensure the ECT does not interfere with the phasing out of fossil fuels. It will be argued that such neutralisation should be possible through the use of Article 62 of the Vienna Convention on the Law of Treaties (VCLT), on the basis that there has been a fundamental change in circumstances since the inception of the treaty. This use of the rebus sic stantibus doctrine can be justified on the basis that a swift and substantial transition away from fossil fuels is now required to ensure states can meet their obligations under the Paris Agreement. This article will also explore alternatives to an Article 62 VCLT argument (i.e. a fundamental change in circumstances) that could nonetheless achieve the primary goal of ensuring that states are not bound to a pro fossil‐fuel treaty. Examples of alternatives include the insertion of a climate carve‐out to remove protections from investments that hinder climate action or the use of the defence of necessity in future ECT arbitration cases to argue that the state should not remain bound to the sunset clause. Regardless of whichever scenario is pursued by states, the article seeks to highlight that any and all efforts must be made to neutralise the sunset clause to ensure there is no interference with necessary efforts to pursue climate action.

Exploring the Application of Machine Learning for Automatic Inbound Email Classification in CRM System at XYZ Company

Customer service has become increasingly crucial in today's business landscape, necessitating companies to provide fast, responsive, and personalized assistance to their clientele. However, amidst the challenges posed by surges in email volume, manual categorization and response strategies often lead to performance declines. To address this, we propose a system leveraging Machine Learning techniques for automated email classification. Our evaluation reveals promising results, with SVM achieving the highest accuracy of 96.59%, followed by XGB (96.02%) and RF (95.27%). These models exhibit commendable precision, recall, F1 scores, and Matthews Correlation Coefficient (MCC), showcasing their effectiveness in improving customer service efficiency and responsiveness. This integration of technology not only enhances operational efficiency but also fosters harmonious customer relationships, ultimately leading to increased loyalty and profitability for companies.

ESG SCORES, EARNINGS MANAGEMENT AND FINANCIAL PERFORMANCE: EVIDENCE FROM POLAND

The paper's main aim is to investigate the relationship between the ESG activities scores and profitability metrics of 33 public companies listed on the Warsaw Stock Exchange. By utilizing the Refinitiv methodology, we answer whether a company's environmental, social and governance performance perspectives positively affect the ROA, ROE and ROC ratios or whether there is a negative relationship. A secondary objective of the research is to investigate the relationship between profitability and the magnitude of aggregate-based earnings management in the tested sample. The moderating effect of earnings manipulation on the links between ESG performance and a company's profitability metrics is a research gap that has not been well-studied to date.This research demonstrates contradictory results: a positive relationship between the social dimension of ESG activities and the financial performance of companies was observed regarding ROE and ROC ratios. The negative impact of the environmental pillar rank on the ROA ratio was captured only in selected regression analyses. The governance pillar score did not statistically affect the tested profitability metrics. On the other hand, we gathered evidence that public companies with a high range of non-financial disclosures tend to alter earnings via accruals, and discretionary accruals statistically affect the ROA, ROE and ROC ratios. This finding contrasts previous research claiming that the earnings management phenomenon is a typical agency problem and that the policy of non-mandatory disclosures following the ESG assumptions could constrain the asymmetry of information and managerial information advantages.

Pengaruh Working Capital Management terhadap Profitabilitas Perusahaan Manufaktur Indeks LQ-45

Every organization that is profit-oriented or non-profit, regardless of the size and nature of its business, requires a number of working capital. Working capital is the most important factor for maintaining liquidity, survival, solvency and profitability of the business. Working capital management is one of the most important areas when making comparisons between a company's liquidity and profitability, which involves a decision on the number of current assets and asset financing. The efficiency of working capital management is very important especially for manufacturing companies, where most of its assets consist of current assets. This directly affects the profitability and liquidity of the company. The trade off between liquidity and profitability is important because if working capital management is not given, companies tend to fail and face bankruptcy. The importance of efficient working capital management is undoubted. Because working capital provides strength for each economic and management unit which is considered to be one of the most important functions of corporate management. Therefore, given the importance of working capital management management this research was focused on evaluating the effect of working capital on profitability, in the LQ45 index manufacturing company for the 2003-2007 period. Key Words: working capital management, profitability, manufacturing LQ45Y index

Using 3rd -Party Logistics Services OR Developing Own Capability to Cater to ECommerce Demands - A comparative Analysis

Ecommerce is an inseparable part of modern global lifestyle, connecting people across international borders and enabling sellers to access global. Despite growing massively over the last couple of decades, its growth is far from over. In fact, the pandemic has acted as an accelerator and the growth momentum is continuing despite people returning to the conventional brick and mortar shops. Ecommerce innovations are constantly being rehashed and improved – especially after the global pandemic this transition is now innovating at a much faster pace. For responding to the ever-increasing demand for swifter yet efficient fulfillment of customer order along with timely shipment, a larger number of e- commerce businesses are turning towards third-party logistics or 3PL providers. While it offers them the freedom from the hassles of storing and delivering finished products to the end-users, the human resource that is therefore freed, can then focus on core competencies of the business thus allowing them to give attention to product development, innovation along with marketing and sales. There is always the risk of poor fulfillment and delayed shipments or goods getting damaged in transit which deteriorates customer satisfaction and company profitability. This article compares the use of third-party logistics (3PL) against building in-house capabilities and highlights the virtue of careful selection and employment of experienced 3PL in helping an enterprise ride the anticipated growth wave by offering cost advantages and flexibility.

Stability Of Islamic Commercial Banks In Indonesia: Company Size, Profitability, And Efficiency

This study aims to analyze the effect of company size, profitability, and efficiency on the stability of Islamic commercial banks (ICB). This study uses a quantitative approach. The population of this study is Islamic commercial banks, and the sampling technique used is purposive sampling, obtained from four ICBs. The data source used is secondary data from each ICB's financial statements. The data analysis technique used is panel data regression analysis using e-views software version 13. The results of this study indicate that company size positively affects ICB's stability. However, profitability negatively affects ICB's stability. In contrast, efficiency does not affect ICB's stability. This study can complement existing theories, especially regarding the effect of size on company stability, and can be a reference for further research. Practically, this study can be a reference for banks in maintaining the stability of company operations in terms of company size and profitability.

Operationalizing critical success factors of employee ownership using principles of learning management

ABSTRACT The importance of employee-owned (EO) organizations around the world is increasing. Countries, communities and organizations are realizing that passing profits to workers increases wealth at all levels of society. The benefits, widely known, include personal prosperity, organizational profitability and stability, and a host of economic benefits for communities in which EO companies operate. Selling a company to employees, or starting a cooperative organization containing worker owners, is not without risk. New skills are required for the company to reap the rewards inherent in EO organizations, but the method of creating this change varies significantly from one organization to another. Each is unique, but there are some factors that are common to most EO organizations that have achieved a dynamic organizational culture. These factors, which are critical for success, can be isolated using structured research, organized through a lens of general systems theory and operationalized using principles of Learning Management (LM). The result is an organized knowledge transfer plan that maximizes resources and provides the highest probability of a successful transition to a uniquely profitable EO company.

Cross-border supply chain coordination of low-carbon agricultural products under the risk of supply uncertainty.

The purpose of this paper is to discuss how cross-border e-commerce enterprises can promote the sustainable development of the supply chain by optimizing the risk of supply disruption and product quality control mechanism of the cross-border supply chain of low-carbon agricultural products in the face of the problem of uneven quality and inventory shortage that prevails in the supply chain of low-carbon agricultural products under the framework of low-carbon economy. Methods: A two-level supply chain model consisting of a risk-averse cross-border e-commerce enterprise and two risk-neutral overseas suppliers is constructed to compare the optimal strategies and their coordination effects under the centralized and decentralized decision-making modes, and to deeply analyze the supply chain's operation mechanism. Further, the quality cost factor is introduced and an option contract model is designed to quantitatively analyze the impact of different decision-making scenarios and parameter changes on the overall supply chain performance. The results of the study show that under the coordination of option contract, the profit of cross-border e-commerce companies tends to decrease as the risk of supply disruption increases, while the profit of suppliers rises accordingly. Meanwhile, improving the quality of agricultural products can significantly improve the overall profitability of the supply chain. The cost-sharing mechanism is positively related to the profit of cross-border e-commerce companies, but negatively affects the profit of suppliers. In addition, the adjustment of the option price is directly associated with the increase of the specific supplier's profit and the decrease of the cross-border e-commerce enterprise's profit. Conclusion: By constructing and analyzing the option contract model considering the risk of supply disruption, this study effectively reveals the key influencing factors and their interactions in the cross-border supply chain of low-carbon agricultural products, and provides cross-border e-commerce enterprises with specific strategies to achieve coordination of the supply chain contract, improve product quality, and mitigate the risk of supply disruption, and then promote the sustainable development of the supply chain of low-carbon agricultural products.

The Impact of the Corona virus and trade credit on the profitability and value of companies

This study aimed to identify the impact of the Corona virus and commercial credit risks on the profitability and value of companies. The problem of the study was the presence of real risks that threaten the profitability of companies resulting from commercial credit risks and the Corona crisis. The study adopted the descriptive analytical approach, and the study population represents commercial companies in the Kingdom of Saudi Arabia. Saudi Arabia, and the study concluded with a set of results, the most important of which are: the presence of a significant impact of commercial credit risks on the profitability and value of companies, the existence of a statistically significant relationship between commercial credit risks and corporate profitability, and the study proved the existence of a negative correlation between credit risk and the Corona crisis as an independent variable and between companies’ profitability as a variable. continued. The study recommended that companies should review the mechanisms and procedures taken to confront the risks of commercial credit on the profitability of companies, and review the mechanisms and procedures taken to confront the risks of the Corona crisis on the profitability and value of companies.

Chaotic Sea-Horse Optimizer for Profit-Based Unit Commitment to Maximize the Profit of GENCOs in Restructured Power System Considering Reserve Allocation

Objectives: The primary objective of this research work is to solve the Profit Based Unit Commitment (PBUC) problem in Power Generation Companies (GENCOs) in the competitive Electricity market. The energy and spinning reserve allocation are considered to maximize the profit of power generation companies. Methods: A new and recently developed optimization technique of Chaotic Sea-Horse Optimizer (CSHO) is planned for an optimal solution PBUC problem. The control parameters of CSHO are the number of Population is 50, the Chaotic map parameter is 4, the dimensions are 10, and the maximum number of iterations is 100 are considered to achieve the global optimal solutions. The competitive study with standard golden approaches of the LR method and other soft computing techniques such as GA, PSO, etc. are considered for performance evaluations of CSHO. The proposed CSHO is mainly based on the natural behavior of Sea-Horse in the ocean. The MATLAB 15.0 platform is utilized for the expected problem. Findings: The CSHO was tested on a standard IEEE-39 bus system (10 generators and 24 hours) with reserve allocation. The CSHO technique improves the total profit of GENCOs with various test loads and reserve demand. The simulation results like Optimal UC schedule, power generation of thermal plants, fuel cost, startup cost, revenue, and profit are displayed. The percentage of total profit of 29.76% is improved when compared with the mathematical approach of the LR method with 102 second time period. Novelty: The CSHO has currently developed an effective algorithm that easily reaches the global optimal solutions. The CSHO mimics the movement, hunting, and breeding behavior of sea-horses in nature. Implementation of chaotic maps helps to improve the convergence speed of the proposed method. Keywords: Deregulation, Profit Based Unit Commitment, Energy and Reserve Allocation, Cost Minimization, Profit of GENCOs, Chaotic Sea-Horse Optimizer

Analysing the Capital Structure of Indian Entertainment and Pharmaceutical Industry: A Comparative Study

This research work has been done through the various analysis regarding the capital structure of different industries. The work has been done to know the different capital structure mix of Entertainment and Pharmaceutical industry of India. Where to know the Capital structure impact on the profitability of different companies along with Covid 19 period. I also had been used the statistical analysis for comparison of both the industries which is R Software programme. The panel data models had been analysed in this research with Fixed effect method of Least squared Dummy Variable [LSDV] model.

Analysis Of The Marketing Mix And Its Influence On Purchasing Decisions On The Prasetya Products

This study aims to identify, study and analyze the marketing mix of The Prasetya and The Influences in Customer Decisions to by product of The Prasetya. This study used qualitative research methods, with data collection techniques observation, interviews and explore theh types of open-ended questions where information is free to provide in depth information to be used as research data. The data analyzed is the result of interviews with employees, customers and experienced human resourch of UMKM using analyctical techniques including data reduction, data presentation and levers or cunclusions. The result of this study that marketing mix of The Prasetya has been able to influence consumer purchasing decisions and increase sales turnover and customers always make repeat purchases for the product and also increase the company's profits so that the company's goals can be achieved.

Profitability of Energy Sector Companies in Poland: Do Internal Factors Matter?

The aim of this article is to examine which selected internal factors influence the profitability (ROA) of companies in the energy sector in Poland and how they do so, over the period 2018–2021, taking into account two groups: all types of activities (984 companies) and electricity production (508 companies). This study uses Pearson correlation analysis, Wilcoxon pairwise rank test, descriptive statistics and multiple linear regression to build eight ROA econometric models, four for each group. The research shows that in the energy sector, in particular, variables relating to the capital structure (total equity/total assets, long-term liabilities/total assets, short-term liabilities/total assets and long-term liabilities/short-term liabilities ratios) have a statistically significant impact (positive or negative) on the profitability (ROA). The aforementioned ratios appear in various combinations in all eight ROA models. The use of equity to finance the activities of companies in this sector seems to be particularly beneficial, as the total equity/total assets ratio occurs in as many as seven out of eight models and, moreover, it always has a positive impact on the ROA. The remaining analyzed variables relating to the structure of assets (fixed assets/total assets ratio), financial liquidity (current ratio) and the age of the company appear in the models as statistically significant quite rarely, having a different impact on the ROA (positively or negatively). However, variables such as the fixed assets/current assets and total liabilities/total equity ratios do not have a statistically significant impact on the ROA at all in any of the studied groups of enterprises. The research results suggest that managers, in order to shape profitability (measured by ROA), should pay special attention to the capital structure, i.e., the proportions of the use of equity, long-term liabilities and short-term liabilities to finance the operations of energy companies as these independent variables appear most often in ROA models. Other analyzed factors, such as the assets structure (the share of fixed assets in total assets) or financial liquidity, also have an impact on the return on assets; therefore, their use in energy companies should also be considered. Moreover, the research shows a large diversity of factors shaping ROA in econometric models, the way they affect the dependent variable (positive or negative) and the degree of model fit (R2), both in individual years and in the two groups of companies studied. This proves that it is not possible to clearly and finally determine which factors and how (positive or negative) they affect the profitability. This influence can change over time depending on the circumstances, which indicates the need for the continuous involvement of decision makers in the management process and making decisions based on reliable and appropriate-to-the-situation analyses.

Female leadership and environmental innovation: do gender boards make a difference?

This research investigates how female CEOs and board gender composition (BGC) influence environmental innovation. Using a panel dataset of 237 energy companies, the study reveals that female CEOs are more committed to the environment than males. Interestingly, the findings also show that the BGC positively moderates the female CEO and environmental innovation nexus. Additionally, it reveals that female CEOs have a more significant influence on promoting environmentally friendly innovation in profitable energy companies than males. The findings remain strong after various robustness tests, contributing to the ongoing debate on gender equality and offering novel insights into the green footprint.

Exploration of Property Insurance Benefits in Extreme Weather

In recent years, the increasing frequency of extreme weather events has highlighted the insurance industry's dilemma - the profitability of insurance companies and the capacity of policyholders to bear the burden are in crisis. Therefore, seeking the development of property insurance in this environment is crucial. This paper establishes a Risk Assessment Model with a four-level index system, including four main indicators: natural, economic, social, and engineering defense, to assess the disaster risk and losses of a specific area. Subsequently, a Rate-Adjusted Break-Even Analysis Model is established and coupled with the Risk Assessment Model to facilitate practical insurance decision-making. By establishing this highly flexible and practical assessment system, precise indicators can be selected for evaluation based on the varying impacts of natural disasters in different regions. This will enable more accurate decision-making for local catastrophic insurance coverage. Consequently, it allows local residents to obtain better post-disaster relief protection against natural calamities, while businesses can also benefit from substantial reconstruction returns.

Quality of information disclosed: Effects of corporate governance and the audit committee

This research aims to analyze the effect of corporate governance and the Audit Committee, on disclosing the quality of information of publicly traded companies listed on [B]3, with financial information in the reference form and in the Economática database ® for the years 2014 to 2023. Study is based on qualitative disclosure of information and corporate governance, combined with the Audit Committee based on disclosure and stakeholder theories and audit committee analysis. The research is descriptive, quantitative, documentary, with the population being companies listed on [B]3 S.A., made up of 400 companies. To compose the sample, 320 publicly traded companies were selected with information on the constructs raised. The results showed that there are significant statistical differences with the presence of the Audit Committee and companies with external audits conducted by the big four, which favors the quality of the information that is disclosed, compared to companies that are not audited by them. In the results it was possible to verify that more profitable companies have greater commitment to disclosures and, therefore, are more likely and committed to the responsibility of disclosing information. The research contributes to the understanding that, in Brazil, the majority of companies have highly concentrated ownership, the pressure exerted by controlling shareholders may be reducing the positive impact of corporate governance practices.

The Influence of Capital Structure, Company Size, and Liquidity on Firm Value with Profitability as an Intervening Variable

The research aims to examine the influence of capital structure, company size and liquidity on company value and profitability as intervening variables in manufacturing companies listed on the Indonesia Stock Exchange in the 2018-2022 period. A population of 54 companies was sampled using a purposive sampling technique, a sample of 26 companies. The results of the partial analysis of capital structure have no effect on profitability with a prob value of 0.8319, company size has an effect on profitability with a prob value of 0.0256, liquidity has no effect on profitability, a prob value of 0.5181 capital structure has no effect on company value with a prob value of 0.2165, company size has an effect on company value with a prob value of 0.000 liquidity has no effect on company value with a prob value of 0.3862 profitability has an effect on company value with a prob value of 0.000. Simultaneously, capital structure, company size, liquidity have no effect on profitability with a prob value of 0.153343, while capital structure, company size, liquidity and profitability have an effect on company value with a prob value of 0.0000.

Non-linear dynamics of global liquidity and energy sector profitability

ABSTRACT This study examines how global liquidity influences the profitability of companies in the energy sector using a non-linear approach. Applying Functional Principal Component Analysis (FPCA) to sparse data, we reconstruct the profitability history of 497 energy companies in various subsectors, including coal, oil and gas, oil and gas-related equipment and services, renewable energy, and uranium. We use a Distributed Delay Nonlinear Model (DLNM) to estimate the impact of global liquidity on profitability. Our results reveal distinct nonlinear patterns in the response of these subsectors to changes in global liquidity. For example, in the oil and gas subsector, an extreme quantile (99%) of global liquidity is associated with a significant 5.19% increase in profitability in the first quarter after the shock. In contrast, in the renewable energy subsector, a lower quantile (25%), corresponding to a moderately downward trend, is associated with a 0.73% increase in profitability over the same period. These finings are crucial to improving risk management, investment and policy development strategies within the energy sector, offering a deeper understanding of the dynamics in the global financial and economic landscape.

Does Company Size and Profitability Matter? Investigating the Moderating Effects of Growth in Cash Flow on Stock Performance

This research examines the intricate relationships between company size, growth in cash flow, and stock performance, revealing complexities that challenge traditional financial analysis. While company size is often associated with stable stock performance due to advantages such as economies of scale and market power, the findings indicate that size alone does not positively impact stock performance. Furthermore, the study demonstrates that growth in cash flow does not significantly moderate the relationship between company size and stock performance. This suggests that external factors, such as regulatory changes or market sentiment, may play a more decisive role. The results underscore that cash flow, while an important indicator of financial health, does not enhance the influence of company size on stock performance, particularly in certain industries where external conditions prevail. This underscores the need for a more comprehensive evaluation approach that considers a broader range of factors when assessing stock performance. It's time to move beyond traditional metrics like profitability and cash flow growth and equip ourselves with a more robust set of tools for analysis. Ultimately, this research advocates for a multifactorial approach to stock performance evaluation, emphasizing the importance of understanding the interplay between various variables, including industry trends and macroeconomic conditions. By adopting this comprehensive perspective, investors and analysts can make more informed decisions and strategies, enhancing their ability to navigate the complexities of the financial markets.

Implication Of Environmental Related Cost On Performance Of Oil And Gas Companies In Nigeria

The study examined the implication of environmental cost on performance of oil and gas companies in Nigeria. The objectives of the study are to examine whether environmental cost affects return on capital employed and market value added of oil and gas companies in Nigeria. Data for this study were retrieved from reports of the companies from 2013-2017 financial years and values for the qualitative data such as environmental regulatory cost (ERC) and environmental health and safety cost (EHSC) were measured using dichotomy procedures. Values were assigned from 0-5 based on the level of disclosure using global reporting index (GRI). Having examine the content of the financial report of the companies, the analytical technique used for this study was the panel regression method. The research results indicate that there exists a relationship between environmental cost and profitability of oil and gas companies in Nigeria. The study therefore recommended amongst others that Oil and gas companies should focus reasonable attention to addressing relevant environmental issues and cost involvement disclosed in their financial report for the purpose of profit measurement.