Top Companies Research Articles

Effect of earnings management and cash holdings on annual report readability: Evidence from top Indian companies: Short title: Effect of earnings management and cash holdings on annual report

The present study explores the impact of earnings management on the readability of management discussion and analysis (MDA) section of annual reports of 384 Indian firms for 1,160 firm-years. It also explores the moderating behaviour of cash in explaining the association between earnings management and MDA readability. Using fixed-effect regression, the study finds that firms that manage earnings by meeting or just beating the previous year earnings publish complex MDAs. Moreover, it documents the positive moderating role of cash in explaining this relationship. Multiple robustness tests confirm our findings across different years including the COVID-19 crisis period.

Financial Analysis of Real Estate Companies Based on the Harvard Framework: A Case Study of Poly Developments and Holdings

China's real estate market saw considerable volatility between 2019 and 2023. Poly Developments and Holdings Group Co., Ltd. successfully weathered the market downturn of 2020, the rebound in 2021, and the subsequent downturn in 2022 to retain its position as one of China's top real estate companies, which has peaked by 2024. Using the Harvard Analytical Framework, this paper covers strategic, accounting, financial, and prospective aspects of Poly Developments over the past five years, conducting a comprehensive financial analysis. By regularly implementing outstanding financial management strategies, Poly Developments clearly shows that it effectively controlled important market volatility over the past five years. Poly Developments achieved exceptional performance by adopting financial methods that were well-suited to its specific circumstances, avoiding excessive aggression during market upswings and excessive caution during downturns. In addition, the study suggests that Poly Developments should boost its financial risk management, grow its market, improve cost control and operational efficiency, and strengthen asset usage and inventory management.

Comparative Analysis of the Investment Value of the Apparel Companies

This article focuses on the business situation and financial solution of four top performers in the apparel industry, in order to select the most valuable companies for investment. In the academic field, this paper proposes the optimal investment term by analyzing specific financial ratios, and also provides new ideas for subsequent research to solve the investment decision problem. In the application field, this paper provides a reference option for the real investment community, especially in the field of fashion and apparel. The data in this paper are all from the annual financial statements disclosed by the companies, and computer software such as excel is used to compare and analyze them. Ultimately, this paper has obtained a top apparel company to invest in, which has demonstrated significant strengths in numerous financial indicators. This shows that the development potential and market value of this enterprise is more excellent compared to its competitors.

Can Renewable Energy Be a Driving Factor for Economic Stability? An In-depth Study of Sector Expansion and Economic Dynamics

India has emerged as one of the world's most appealing locations for renewable energy development. It has set lofty renewable energy goals to reach 450 gigawatts (GW) capacity by 2030. These aims indicate India's determination to move to greener and more sustainable energy sources. India has been investing in R&D to promote technological innovation in renewable energy. This includes improvements to solar photovoltaic technology, wind energy, energy storage technologies, and smart grid systems. Innovation is critical for improving efficiency, lowering prices, and increasing the reliability of renewable energy sources. This paper aims to analyse the linkages between economic growth and renewable energy usage in India. For this, the Granger Causality technique is adopted, and it is found that no short-run causality exists among the economic growth and RE installed capacity. However, Industrial Production Granger Causes both GDP and Renewable Energy Capacity. When the stock price data of the last five years of top renewable energy companies was also collected, it was found that all the companies are showing an upward trend. While renewable energy is growing rapidly, especially solar and wind power, it is insufficient to meet the bulk of India's energy demands. Renewables contribute to reducing carbon emissions and diversifying the energy mix, but they still account for a smaller percentage compared to thermal power.

Fathers use of extended parental leave: exploring company barriers in Sweden

ABSTRACT In Sweden, men's parental leave rights are considered important for realizing gender equality. Men have the same compensated leave rights as women: three months each of nontransferable and transferable leave. Nevertheless, less than 20% of couples share leave equally (each taking 40% or more of all leave days). Understanding the circumstances under which fathers take leave beyond nontransferable months is important if equality is to be realized, yet few studies investigate this. Our survey of human resource directors in Sweden's top companies revealed extended leave use was not normative for fathers’ and especially male top managers and aspects of the gendered culture and structure of work organizations were associated with less extended leave use. Company awareness of parental leaves benefits for the company was significantly and independently related to fathers’ and top male managers extended leave use. . Positive workplace attitudes and less job specialization increased fathers’ extended leave use. Companies’ setting fewer conditions encouraged more top male managers to take extended leave, as did a policy of managerial training to facilitate fathers’ leaves. Greater understanding of company barriers to fathers’ extended parental leave use may encourage companies to remove those barriers which canincrease fathers’ use of extended parental leave.

СТРАТЕГІЧНИЙ АНАЛІЗ ПІДПРИЄМСТВА АГРАРНОГО СЕКТОРУ

With the development of the economy and constant changes in the external environment, it became more difficult for Ukrainian agricultural enterprises to conduct their activities, especially under the influence of two factors, namely the pandemic and the war. The Ukrainian economy, companies and population had not yet recovered from the consequences of COVID-19 when a full-scale invasion began, which forever changed the realities of both the agricultural sector and entrepreneurship. Global climate changes, international trade conditions, technological development and demographic changes were also important external factors, which created new challenges and opportunities for agricultural enterprises. In this context, there is a need to carry out their strategic analysis to determine competitiveness and develop effective development strategies. However, at the moment there is a need for a more detailed study of issues related to the analysis of internal and external factors, their interrelationship and influence on strategic decision-making in the agricultural sector. Thus, the problem that needs to be solved is the development of an integrated methodological approach for the strategic analysis of agricultural enterprises, which would take into account various aspects of their functioning and the impact of changes in the external environment. The article is devoted to a strategic analysis of the agricultural enterprise «Dekoplant». Based on the performed PEST and SWOT analyses, main threats, opportunities, strengths, and weaknesses of both the internal and external environments were identified. Among the identified threats and weaknesses are changes in trade policy conditions, national legislation, currency exchange rate fluctuations (USD and Euro), a weak development strategy, and ineffective marketing platforms. The opportunities and strengths encompass heightened quality and service level demands, high product quality, a diverse range of products, extensive experience, and a large customer base. The article highlights the significance of strategic analysis for efficient enterprise management and gaining competitive advantages. Additionally, top companies in Ukraine's agricultural sector were investigated to determine key industry trends and competitiveness. The analytical approach enables well-founded recommendations for optimizing the strategy of the «Dekoplant» enterprise considering the identified internal and external threats.

Enhancing Chinese Pension Funds Development through ESG Investment Perspectives

In current China, where the pension funds system is facing enormous pressure, this article will explore the positive impact of incorporating ESG investments into the Chinese pension funds system on its future development. Through research on the current situation of China's pension system, it is found that there are problems such as uneven regional distribution, unbalanced development of the three pillars, high population pressure and funding gap, high investment return requirements, and limited investment channels. By studying the feasible experiences of top ESG investment companies and leading countries in development, it is concluded that ESG investment contributes to improving the return on investment and stability of pension funds, and can alleviate the existing problems in China's pension funds. Finally, it is summarized that the feasible experience of combining ESG investment with China's pension funds is to take the lead in policies first, combined with strict supervision, and pay attention to talent cultivation.

Does government regulations protecting employee privacy hurt employment? The Impact of Salary History Bans on Employment

There is a long-standing debate over the merits of confidential and transparent pay. Yet, as some states and counties in the U.S. have implemented policies that prohibit employers from asking about historical pay, many top tech companies such as Apple have introduced corresponding policies. In particular, this paper examines whether they have impacted employment. In this paper, we use the implementation of the salary history ban as a ”quasi-natural experiment” to assess the impact of the policy on employment using a staggered difference-in-differences method based on county-level panel data from 2013 to 2021. The study shows that the salary history ban does not significantly contribute to the increase in employment levels in general; even the implementation of the salary history ban reduces employment in local firms by an average of 1.04% relative to firms in areas where the policy is not implemented. This paper provides new empirical evidence on the effects of salary history bans and provides a reference for further improvements in corporate payroll management systems in practice.

Accounting for modern slavery risk transparency in Nigerian businesses: Institutional context, disclosure and the way forward

This paper examines the state of engagement of Nigerian companies with modern slavery risk and how current accounting and reporting might be better enabled to contribute towards ending modern slavery practices. Crane's (2013) theoretical framework is used to guide understanding of the contexts behind modern slavery risk disclosure in Nigeria, including industry, socioeconomic, regulatory, cultural and geographic factors. Cross-sectional content and thematic analysis are undertaken, as published in the annual reports, sustainability reports and websites of top companies listed on the Nigerian Stock Exchange. In line with Crane (2013), supply chain codes of conduct and collaboration are identified as a possible first-stage intervention moderator between industry context and ending modern slavery in Nigeria. However, a second moderator, affordable micro-credit, is notably absent from disclosures, and a third moderator, private or civil regulators, as a substitute for government, is considered ineffective. Management capability mediators as circuit breakers, reducing accounting opacity, require further research. This is the first paper to present evidence about modern slavery supply chain risk disclosures in Nigeria and to develop possible contextual, moderating and mediating variables aimed at policies and actions to end modern slavery practices in Nigeria.

Does audit committee composition influence firm performance? Evidence from the top NSE-listed non-financial companies of India

Does audit committee composition influence firm performance? Evidence from the top NSE-listed non-financial companies of India

Assessing Biodiversity and Threatened Species Disclosure among Top Saudi Companies

Assessing Biodiversity and Threatened Species Disclosure among Top Saudi Companies

ESG Rates Divergence on the Emerging Markets in the European Union

Abstract The growing emphasis on sustainability has led to a rise of ESG rating providers, but this expansion has brought challenges. ESG ratings are complex and can vary significantly between agencies, due to different scoring methods and non-standardized disclosures, making accurate assessments difficult. Moreover, investors and companies express limited confidence in the accuracy of these ratings. Regulatory developments aim to improve ESG disclosure and comparability, however, discrepancies in assessment criteria and rating methodologies persist. These aspects have led to the increasing concern of researchers from the academic field and professionals from the financial markets to identify how divergent are the ESG rates provided by various suppliers, what are the causes of this divergence, how do these influence the performance of companies and above all, how the negative effects of divergent ESG rates mitigated. Most researchers focused their attention on the aforementioned aspects on the developed financial markets from the USA or Europe, on the top companies or on the companies listed on the BRIC emerging markets. This article analyzes the divergence of ESG rates provided by three well-known rate-providers, for companies listed on emerging markets in Europe, contributing to increasing knowledge in this field.

Investment Advice of Dialysis Companies: Whats the Trend of the Industry?

The global dialysis market is continuing expanding in the recent years and dialysis industry has expected investment prospects. This study presents a comprehensive investment analysis framework comparing four top companies in the kidney care and dialysis service industry. This article aims help investor choose the most suitable company among them with the highest investment value to invest in. The study uses official financial data from Nasdaq from 2023 and forecast data from estimates of 2024 of 4 dialysis companies on the waiting list. By analyzing and comparing the financial statements of four companies, the asset investment potential and growth rate of the four companies were determined. Results demonstrate that the company DaVita rank as the most appealing investment option out of four companies, followed by Medtronic, Baxter and Fresenius. Based on financial statements, DaVita is attractive with highest expected growth rates in EPS and gross revenue, PEG ratio, and relatively high annual and quarterly gross margin.

The Employee Engagement and Job Performance Nexus in a Top Autodealership Company

This study explored the relationship between employee engagement and job performance within a leading Philippine auto dealership company. A quantitative approach was employed through a survey distributed to 351 employees across various locations. The findings revealed a youthful workforce with near-equal gender distribution and a high proportion holding college degrees. A slight majority reported being single, potentially indicating a preference for flexibility. Furthermore, the largest group had a tenure of 1-5 years, suggesting a sizeable cohort of newer employees. Employee engagement was perceived to be high indicating a generally motivated and enthusiastic workforce. A significant positive correlation was identified between engagement and job performance, suggesting that more engaged employees perceived themselves as performing at a higher level. Based on these results, the study proposes actionable recommendations to enhance engagement. These include targeted strategies for the younger demographic, skill development programs for all employees, exploration of flexible work arrangements and well-being initiatives, and fostering a culture of recognition and alignment with the company's mission. By implementing these strategies, the dealership can cultivate a more engaged workforce, leverage its diverse strengths, and achieve sustained high performance.

Application of Allot Secure Service Gateway for WAN Network Bandwidth Management at PT. Bank Permata Tbk

As is generally experienced by large companies that have a large number of branches and centralized applications, PT. Bank Permata Tbk currently has WAN Bandwidth that manages links and the complexity of current applications and Protocols. However, the application and observation of the Bandwidth settings has not been maximized. If these problems are not regulated, it is feared that this will interfere with the performance of PT. Bank Permata Tbk which in the end will be able to reduce the level of business competition ability when compared to other Top companies that become its competitors. The research method used in this research is the HTB (Hierarchical Token Bucket) method. The HTB method is a method that functions to regulate the distribution of Bandwidth, the division is carried out in a hierarchy which is divided into classes to make Bandwidth Management easier. At this stage, the problem that will become the research object of the problem formulation is the absence of structured reports for Bandwidth usage in each branch. In the analysis of this system it can be concluded that PT. Bank Permata Tbk does not yet have a structured report for Bandwidth usage at each branch and without any special limitations on Bandwidth. And with this problem, the branch application that is used does not run optimally. With the implementation of Bandwidth Management using the Allot Secure Service Gateway on the WAN network of PT. Bank Permata Tbk so that it can produce structured reports and monitor Traffic Bandwidth from both branches to branch applications.

The influence of ESG score on financial performance: Evidence from the European health care industry

AbstractCompany managers are increasingly recognizing that sustainable practices are not just ethical imperatives but potential drivers of long‐term value. To determine the degree to which this is grounded in business reality, a growing body of empirical studies have examined whether higher environmental, social, and governance (ESG) performance predicts better financial performance. However, conflicting findings have emerged, with reviews highlighting the role that methodological choices, normative setting, and industry can play in moderating that relationship. Unlike other industries, health care has been the focus of only a handful of heterogeneous quantitative studies. To contribute to this evidence base for the European context, the present study comprehensively examined whether and how ESG score can influence both accounting‐ and market‐based measures of financial performance. Company data from the top health care companies listed in the STOXX 600 Index over the last decade (2012–2022) were gathered and analyzed. The analysis results confirmed that a marked heterogeneity of effects across the different ESG scores and measures of financial performance exists, which is not merely due to differences in empirical strategy, with modest positive effects being estimated in most cases. Of the three pillars, the governance score consistently predicted more positive financial performance among the sample of listed European companies. The environmental pillar score only influenced accounting‐based measures, though inconsistently, whereas the social pillar did not seem to have any predicting role for accounting‐based measures. Future research should consider replicating the proposed analytical framework in other data settings and normative contexts to strengthen the current evidence base and therefore deepen our understanding of the mechanisms underlying the investigated relationships in the health care industry.

Teamwork self-efficacy and employee satisfaction: a sequential framework to build employee cohesion

The occupational psychological health of the employees is affected by the behavior of their peers in the workplace. To reduce psychological stress and improve the well-being of employees, organizations are focusing on developing coherence through various human resources practices. In the current business scenario, it is crucial to address psychological stress by building employee cohesion. The aim of this study is to analyze how employees’ teamwork self-efficacy influences group cohesion through employee satisfaction. This study followed a quantitative approach to test the data, which comprises 228 information technology (IT) professionals, working in top IT companies in India. This study used a partial least squares structural equation modeling approach to test the hypothesis. The results revealed that employees’ teamwork self-efficacy is not directly influencing employee cohesion, whereas it has a significant positive influence on an employee’s cohesion only with the mediation effect of an employee’s satisfaction. Predominantly, an employee’s extrinsic satisfaction has a greater influence on the aforesaid relationship than an employee’s intrinsic satisfaction. The results of this study suggest human resources development practitioners place more emphasis on delivering motivational benefits and providing collaboration-oriented interventions that strengthen teamwork self-efficacy, since these factors may directly affect employee cohesion given that a large portion of the respondents were young adults.

Comparison of Regressions and Multi-feature LSTM in Stock Price Prediction for Top Car Companies

Comparison of Regressions and Multi-feature LSTM in Stock Price Prediction for Top Car Companies

Benchmarking Travelling Reviews using Opinion Mining

Online travel reviews offer valuable data, yet it remains uncertain if those most influenced by these reviews actually read them. This research aims to uncover consistent patterns and explain variations in online travel ratings, comments, and reviews. To accomplish this, millions of reviews were collected from Pakistan's top online travel companies, Uber and Careem. Utilizing semantic affiliation analysis, subject terms were extracted, forming a semantic affiliation structure. The findings highlight significant differences among channels concerning topical vocabulary, subject distribution, structural traits, and community links. The network visualization results are particularly noteworthy, as they illustrate connections between key concepts and words within each topic, making them easily understandable. With the proposed logical method, we can better understand the strategic snafus in the travel sector and gain fresh insights into how to dig up popular assessments to better serve tourists, lodging establishments, and trade groups.

Role of Artificial Intellengence in the Recruitment Process with Special Reference to Selected it Companies

Artificial Intelligence playing an important role in IT recruitment. In recent days most of the IT companies giving importance to AI to ensure and effective recruitment process to select an efficient and qualified people. The present paper analyses the role of AI i.e., Artificial Intelligence in IT companies. The present analysis selected three top IT companies in India and examined the role of AI in their recruitment process. The papers examined the different factors which are linking to both recruitment process and IT industry. The present paper collected the opinions of employees working in three different companies and evaluated the importance of AI in recruitment process in IT industry.