Equity liquidity,  firm investment and financial performance: An assessment of the role of financial development

Karim, Maria; Rashid, Abdul

doi:10.54784/1990-6587.1060

Cited by 4 publications

(6 citation statements)

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“…The significance of this work is to accurately grasp the implementation of the annual budget. Through the introduction of AI technology, we can directly capture the budget execution data from the accounting documents, collect and summarize the data and form the corresponding financial statements, which can more quickly and conveniently reflect the budget execution progress and provide basic data support for the budget execution analysis report (Karim & Rashid, 2020). At the same time, according to the needs of different businesses, we can carry out multi-angle and multilevel comparative analyses of different financial indicators to ensure the breadth and depth of the analysis report, which is conducive to intuitively reflecting the changes of various financial data, and can give early warning to some abnormal data, to make timely and effective decisions, resolve the potential risks in advance.…”

Section: Application Of Ai-enabled It In Budget Managementmentioning

confidence: 99%

AI‐enabled IT capability and organizational performance

Wang

2022

Syst Res Behav Sci

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In recent years, with the rapid development of information technology, the impact of AI on budget management and organizational performance has attracted attention. This paper studies application of AI in budget management. Applying AI in capital budgeting and financial budgeting is effective in a changeable environment. At the same time, it has been found that AI can significantly improve organizational performance.

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Section: Application Of Ai-enabled It In Budget Managementmentioning

confidence: 99%

AI‐enabled IT capability and organizational performance

Wang

2022

Syst Res Behav Sci

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“…(Ngoc, et al, 2021). (Karim and Rashid, 2021, Nadarajah et al, 2021, Naik P. et al, 2020, Pham et al, 2020, Dang et al, 2019, Ali et al, 2017 (Li and Di, 2019, Sarlak and Ahmadi, 2016, Amihud et al, 2015 . (Cheung et al, 2019, Brogaard et al, 2017, Ochenge et al, 2020 (Xia, 2021, Mbanyele and Wang, 2022, Im, et al, 2021, Naik, et al, 2020, Qin, 2020, Nadarajah, et al, 2021, Ochenge, et al, 2020, Lai and Trang, 2019, Kumar and Misra, 2019, Zhang, et al, 2019) :…”

Section: ‫كمكن‬ ‫تقدم،‬ ‫مما‬ ‫التالى:‬ ‫حو‬ ‫ال‬ ‫على‬ ‫ابع‬ ‫الر‬ ‫...mentioning

confidence: 99%

أثر كفاءة الشركات وتقلبات الأرباح على العلاقة بین سیولة الأسهم وتكلفة الملكیة- بالتطبیق على الشركات المدرجة بالسوق السعودى

على¹

2022

مجلة الاسکندریة للبحوث المحاسبیة

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Study Objective and Methodology: This study aims to analyze the relationship between stock liquidity and equity cost and the modified role of firm efficiency and earnings volatility, using data from a sample of 100 companies listed on the Saudi Arabia stock market during the period from 2012 to 2019. The researcher measures the stock liquidity based on Trade Volume (as a direct measure), the bid and ask stock prices differences (as indirect measure). The earnings volatilety was also measured by the abnormal returns level, moreover, the dividend model was used in calculating the equity cost (EC).Study Results: The results show that there is a negative significant effect of the firm efficiency on the bid and ask stock prices differences, and there is a positive significant effect of bid and ask stock prices differences on EC, which reflects the high cost of investments in light of the lack of stock liquidity. In other words, the high return rate required by investors with is increased in the stock's liquidity weakness. On the other hand, there is a negative significant impact of the bid and ask stock prices differences on EC in the presence of the firm efficiency, which reflects its role as a modifying variable, and it's an important tool to compensate for the weak stock liquidity from Investors' perspective.Moreover, the results show that there is a negative significant effect of abnormal returns on the trade volume, and there is a negative significant effect of the trade volume on the EC, which means that the high trade volume enables firms to obtain the necessary funds at the lowest possible cost and attract new investors. On the other hand, there is a positive significant effect of the stock trading volume on the EC in the presence of abnormal returns, which reflects its role as a modifier, and it's a negative indicator in the investors' evaluation and interpretation of the stock's high liquidity, which drives firms to make more dividends to facilitate obtaining the necessary financing by investors.The study Importance and Contribution: The study contributes to the accounting literature by providing evidence on the importance of improving stock liquidity in reducing the cost of capital. In addition, it highlights the important role of firm efficiency in reducing the EC, especially in the case of poor stock liquidity. It also contributes to focusing attention on the increase in the EC, despite the increase in the stocks' liquidity, especially with increase in the stock's returns volatility.

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“…Internally, it was found that the motivation is for improved customer service (Hadidi et al, 2017;Nabavi et al, 2014;Caro and Gracia, 2009); process improvement (Sun and Pang, 2017; Buttle, 1997); organisational efficiency (Muhammad et al, 2009); reduced costs (Heras et al, 2002) and awareness on quality issues (Ghobadian et al, 1994). The external factors include anticipated customers' demand, customer pressures, to qualify for bidding and to be considered in tenders (Sweis et al, 2020;Kakouris and Sfakianaki, 2018;Juanzon and Muhi, 2017;Buttle, 1997), an increase in market share (Karim, 2015), and as a marketing tool that enhances its image to customers (Kok, 2019;Ab Wahid and Corner, 2009). Casadesus and Gimnenez (2000) suggests that organisations pursue certification if there is a demand for certification from customers; for its certification is a costly affair.…”

Section: Motivation For Iso 9001 Implementationmentioning

confidence: 99%

“…There is lots of literature on the implementation of ISO 9001 standard, and many researchers found a positive impact of implementing ISO 9001 on organisations, including profit improvement, process improvement, and marketing benefits (Fonseca et al, 2019;Hussain et al, 2018;Buttle, 1997). Some of the positive impacts are on financial performance (Karim, 2015); positive outcome, including competitive performance and economic benefits (Weckenmann et al, 2015); and maximises customer satisfaction, internalisation, and improved performance (Heras-Saizarbitoria and Boiral, 2015).…”

Section: Benefits and Imporvements Of Iso 9001 Implementationmentioning

confidence: 99%

“…According to Karim (2015), motivation for implementation has a great bearing on organisation experience benefits and improvement from ISO. The organisation motivation that is in line with ISO and business goals coupled with its systems allows improvement that is beyond certification, which leads to improving quality by compliance.…”

Section: Benefits and Imporvements Of Iso 9001 Implementationmentioning

confidence: 99%

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Motivation and Benefits of Iso 9001:2015 Implementation and Maintenance in a Malaysian Legal Firm

AIN

Wahid

2022

qjssh

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This research is an insider action qualitative case study research on a legal Firm X in Malaysia which has implemented, obtained certification and maintained the ISO 9001:2015 quality management system (QMS). Data was collected from interviews, document reviews and observations that were conducted from October until December 2020. It was found that there are eight internal motivations and five external motivations for ISO 9001:2015 implementation and maintenance. Internal motivations are that the ISO 9001 standard creates work processes, to have a systematic and organised workflow followed by the intention to improve productivity and quality of work in Firm X. Other motivational factors are to have an efficient operation, a faster delivery of work, to create and follow the standard template, staff empowerment, and to gain knowledge on ISO. On the other hand, the external motivation factors are for global recognition, to secure panelship, differentiating factors, to win client trust and for business benefits. The benefits obtained by Firm X includes"systematic working process", "standard procedure", "standard documentation" and "quality delivery" where ISO implementation procedures increase the firm’s efficiency, decrease non-conformities, the costs related to reworks and to sustain the relationship with the customer. Global recognition, securing panelship, differentiating factor, client trust and business benefits are the external benefits obtained from Firm X’s implementation and maintenance of ISO 9001:2015 quality management system.

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Equity liquidity, firm investment and financial performance: An assessment of the role of financial development

Cited by 4 publications

References 0 publications

AI‐enabled IT capability and organizational performance

AI‐enabled IT capability and organizational performance

أثر كفاءة الشركات وتقلبات الأرباح على العلاقة بین سیولة الأسهم وتكلفة الملكیة- بالتطبیق على الشركات المدرجة بالسوق السعودى

Motivation and Benefits of Iso 9001:2015 Implementation and Maintenance in a Malaysian Legal Firm

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