The Impact of Intangible Factors on Profitability: Evidence From Corporations Traded at Muscat Securities Market in Oman

Kaymaz, Mike Onder; Yilmaz, Ilker; Kaymaz, Özgür

doi:10.12775/cjfa.2019.007

Cited by 8 publications

(7 citation statements)

References 9 publications

(7 reference statements)

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“…The results from the study have implications for the source of deposits to banks as this will significantly affect the pricing of agricultural loans. This finding is consistent with Mbao et al (2014) as well as Kaymaz and Kaymaz (2011) found that deposit rate significantly affects lending rate in their studies.…”

Section: Resultssupporting

confidence: 93%

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Agricultural loan pricing by banks in Ghana: a panel data analysis

Dziwornu,

Yiadom,

Narteh-yoe

2023

AJEMS

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PurposeThe cost of agricultural loans is a major constraint to the growth of the agriculture sector. This paper examines agricultural loan pricing by banks in Ghana using panel data analysis.Design/methodology/approachData were obtained from audited financial reports of 15 agricultural loan lending banks from 2010 to 2017. The study applies the random-effect model and the fixed-effect model in the analysis and uses the system generalized system method of moment to check the robustness of the results from the baseline models.FindingsThe study found that agricultural loan pricing by banks is significantly influenced by risk premium, cost of funds, loan impairment, agricultural growth rate and food inflation. Banks should leverage emerging technologies to de-risk agriculture loan pricing to allay the fear of default. Farmers should look for long-term and relatively cheaper funds to support agricultural loans. Increasing credit to the agricultural sector could increase output, thereby reducing food inflation uncertainty for competitive pricing of agricultural loans.Originality/valueAgriculture employs about 52% of Ghana's labor force, contributing about 20% to GDP. But it is “under” financed. This study leads the way in unraveling the factors accounting for the high prices of agricultural loans in Ghana. This study further contributes to policy development toward increasing credit to the agricultural sector.

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Section: Resultssupporting

confidence: 93%

“…This finding is consistent with Mbao et al . (2014) as well as Kaymaz and Kaymaz (2011) found that deposit rate significantly affects lending rate in their studies.…”

Section: Resultsmentioning

confidence: 86%

Agricultural loan pricing by banks in Ghana: a panel data analysis

Dziwornu,

Yiadom,

Narteh-yoe

2023

AJEMS

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“…The higher the company's ROA means the higher the level of achieved profitability. Choosing ROA as a dependent variable in comparison with other indicators which characterise profitability of the enterprise is proved by its broad application by scholars Linawati and Halim (2017), Singh and Bagga (2019), Ullah (2019), Kaymaz et al (2019), Herdiyana et al (2021), Fauziyah and Djamaluddin (2021). On the other hand, ROA is used by the management of advertising agencies to adjust current managerial policies and making decisions, because ROA reflects the effectiveness of management in the context of using the company's assets at their disposal.…”

Section: Methodsmentioning

confidence: 99%

“…Due to the gradual formation of the knowledge-based economy, in recent years, studies of the impact of intangible factors of enterprise value creation have become especially relevant. Some scholars dedicate their papers to issues of the impact of intellectual capital on the entities' profitability (Sik & Kim, 2020;Kaymaz, Yilmaz & Kaymaz, 2019;Suherman, 2017;Seo & Kim, 2020;Petković & Dordević, 2021;Lehenchuk, Tumpach, Vyhivska, Makarovych & Lehenchuk, Mateášová, Ostapchuk & Polishchuk, 2022). Other researchers analyze the effect of certain activities on the profitability of enterprises.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of financial performance on the profitability of advertising agencies in the Slovak Republic

Lehenchuk¹,

Serpeninova²,

Завалій³

et al. 2023

Strategic Management

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Background: To improve operational and financial policies regarding the allocation of existing and obtaining new resources, strategic decision-making, managers use indicators of financial performance. Purpose: The aim of this study is to analyze the impact of financial performance on the profitability of advertising agencies in Slovakia. Study design/methodology/approach: A sample of 88 Slovak advertising agencies was analyzed by means of regression modeling the data based on financial statements of the financial year 2020. The hypothesis that the indicators of financial performance of advertising agencies in Slovakia have an impact on their profitability is partly confirmed by the results of this research. The first proposed model was adjusted by excluding the independent variable Current Ratio, which allowed us to build the second model to explain 95.21% of the Return on Assets deviation due to the variation of the selected independent variables. Findings/conclusions: By selecting Return on Assets as a dependent variable that characterizes the financial performance of advertising agencies, research has shown that Total Assets Turnover and Firm Size have significant positive influence on it, but Debt to Equity Ratio has a negative influence. This empirically testifies the expediency of financing the activities of advertising agencies from debt resources, scaling the scope of their activities and increasing sales using innovative approaches for getting more customers. Limitations/future research: The study limitations relate to completeness of information and availability of open access to the necessary data in the published financial statements of Slovak advertising agencies. The results of this research could be applicable and beneficial for providers of capital for advertising agencies. It could be also used as a tool to determine key factors of profitability and to adjust companies' financial and operational policies.

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“…Inovasi bagi perusahaan mampu memberikan keunggulan bersaing yang dapat berdampak positif bagi kinerja perusahaan jangka panjang. Dalam beberapa penelitian, R&D terbukti memberi dampak yang positif bagi kinerja perusahaan (Kaymaz et al, 2019;Manogna & Mishra, 2021;Shasha, 2021). Di balik manfaatnya, R&D memiliki risiko yang lebih besar dan hasil yang tidak pasti dibandingkan proyek investasi lain.…”

Section: Risetunclassified

PERAN TATA KELOLA DAN SUMBER DAYA TERHADAP BEBAN R&D PERUSAHAAN NONKEUANGAN TERBUKA DI INDONESIA

Nathanael¹,

Murhadi²

2022

Eqien

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To accomplish long-term goals, one of the strategic steps taken by the company is investing in innovation through Research and Development (R&D) spending. Numerous studies show that R&D activities can improve company performance. However, fewer studies discuss the factors involved in R&D investment, especially in Indonesia. In addition, the versatile results of previous studies make this research still relevant. This study aims to determine which factors are involved in R&D expense decisions from a company's resource and corporate governance perspective. This research uses multiple linear regression with the Ordinary Least Square (OLS) estimation method. Based on the stability test, the Covid-19 pandemic affects the relationship between several factors in R&D expense. In all samples, only the proportion of independent commissioners positively affects R&D expenses. There is shifting in the variables of company ownership, profitability, and tangible assets toward R&D expense. But, debt has no significant effect on R&D expenses before and during the pandemic. Thus, ownership concentration, independent commissioner, and company resources, such as tangible assets and other financing sources, have a role in the R&D investment decision. This research shows the crucial role of corporate governance in managing a company's resources to sustain a competitive advantage through R&D activities.

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The Impact of Intangible Factors on Profitability: Evidence From Corporations Traded at Muscat Securities Market in Oman

Cited by 8 publications

References 9 publications

Agricultural loan pricing by banks in Ghana: a panel data analysis

Agricultural loan pricing by banks in Ghana: a panel data analysis

The impact of financial performance on the profitability of advertising agencies in the Slovak Republic

PERAN TATA KELOLA DAN SUMBER DAYA TERHADAP BEBAN R&D PERUSAHAAN NONKEUANGAN TERBUKA DI INDONESIA

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