The impact of ownership and other corporate characteristics on performance of V4 companies

Procházka, David

doi:10.14254/2071-8330.2017/10-2/15

Cited by 6 publications

(3 citation statements)

References 39 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Three "P" mean Profit -(Economic Prosperity), People -(Social Capital -based on measurement of CSR activities of the company), Planet -(Environmental Component). Measurement of the "performance" of a CSR by TBL is through the relative objective quantification of indicators in several areas, as reported by [25].…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Selected Corporate Governance Determinants on Corporate Social Responsibility Reporting in Slovak Insurance Companies

Grofčíková¹,

Izáková²,

Škvareninová³

2019

International Scientific Conference ERAZ - Knowledge Based Sustainable Development

View full text Add to dashboard Cite

Corporate governance (CG) creates important signals that the company sends to its surroundings. It affects the performance of the company and consequently the satisfaction of owners and employees, the trust of creditors, clients and all other interest groups. There are several ways to gain their trust and satisfaction. One of them is to present information on financial support for activities of corporate social responsibility (CSR). The application of CSR in practice is all the more important in companies providing insurance services, which are often referred to in the literature as trust-based products. There is little attention paid to the research of corporate governance in relation to CSR in insurance companies. Therefore, in our paper, we examine the impact of selected determinants of corporate governance on CSR information disclosure in insurance companies based in Slovakia. We use the basic methods of regression and correlation analysis to quantify this relationship. The selection of explanatory determinants of CG is carried out in accordance with the assumption of stakeholders' theory of management. The goal is to find out which set of variables will better explain the impact of corporate governance on CSR reporting. We test the financial and non-financial determinants of CG separately for each party. We are looking for the best model for explaining the influence these parties have on reporting of CSR information.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Impact of Selected Corporate Governance Determinants on Corporate Social Responsibility Reporting in Slovak Insurance Companies

Grofčíková¹,

Izáková²,

Škvareninová³

2019

International Scientific Conference ERAZ - Knowledge Based Sustainable Development

View full text Add to dashboard Cite

show abstract

“…Literature review. The issue of defining the determinants of enterprise profitability is very relevant and has been considered in a number of publications, including research devoted to the impact of financial leverage of the country of registration of the main owner and other characteristics on the return on assets of companies in the Visegrad Four (Czech Republic, Slovakia, Poland and Hungary) [8], the dependence of profitability of listed companies in Romania on the structure of sources of fi nancing for their activities [9], as well as the impact of the asset structure on the profitability of listed companies in Iran [10,11] and Vietnam [12]. Concerning the increase in the profit ability of IT industry enterprises, we should mention the works devoted to the factor analysis of the profitability of Romanian IT companies [13], the impact of corporate governance and external factors on the efficiency of IT companies in India [14,15], as well as social capital on the return on equity and assets of world leaders in the field of Information Technology [16].…”

mentioning

confidence: 99%

Profitability determinants of companies in IT industry: case of Ukraine

Polchanov¹,

Vyhovska²,

Остапчук³

et al. 2023

Nauk. visn. nat. hirn. univ.

View full text Add to dashboard Cite

Purpose. To identify patterns of profitability of IT enterprises by quantitative evaluation of the relationship of profitability of enterprises with the structure of capital and assets, taking into account the level of business activity and the main economic activity, as well as the formation of appropriate recommendations. Methodology. The empirical basis of the study was the aggregate performance of enterprises whose main economic activity belongs to Chapter 62 of the NACE “Computer programming, consultancy and related activities” during 2013–2020. Correlation and regression analysis was used to build a multifactor model of linear regression, which describes the dependence of return on assets from the ratio of long-term and short-term liabilities and provisions to liabilities of the balance sheet, the ratio of current assets to balance sheet assets, total assets and main economic activity. Findings. It has been established that the capital structure of IT companies is unsatisfactory due to the dependence on external sources of funding, including current liabilities, which have a negative impact on return on assets. It has been found that the structure of assets is dominated by current assets, the growth of which has a positive impact on the profitability of enterprises in the industry. This indicates the need to optimize non-current assets, given the level of their involvement in the production process. It is proved that by expanding markets, it is possible to ensure further growth in profitability of enterprises in the industry, as business activity has a positive effect on return on assets. The return on assets varies depending on the main type of economic activity. Originality. The relationship is identified between the efficiency of IT companies and the structure of their capital and assets, business activity and type of economic activity. Practical value. The applied value of the study is the ability to predict the profitability of assets of IT companies depending on the structure of sources of funding for their activities and areas of asset placement, business activity and the main type of economic activity. The recommendations can be used to improve the state policy of digital economy in terms of justifying the need to encourage business owners to reinvest profits, to involve enterprises more actively in national digital projects and support the product business model.

show abstract

“…1. "The impact of ownership and other corporate charac teristics on performance of V4 companies" [1] in terms of the impact of capital structure and a number of corporate charac teristics on the return on assets of enterprises from Central and Eastern Europe.…”

mentioning

confidence: 99%

The impact of solvency and business activity on profitability of mining companies in Ukraine

Vyhovska¹,

Polchanov²,

Остапчук³

et al. 2020

Nauk. visn. nat. hirn. univ.

View full text Add to dashboard Cite

IMpAct of solvency AnD BusIness ActIvIty on profItABIlIty of MInInG coMpAnIes In uKrAIne purpose. To identify the relationship between the profitability of mining companies and their solvency as well as business activ ity for making sound management decisions based on the formation of a formalized forecasting model, taking into account the scale and type of economic activity. Methodology. The empirical basis of the study was formed based on key financial statements of 75 mining companies in Ukraine in 2014-2018 presented by the Youcontrol system. To achieve this goal, using the tool of correlationregression analysis, a linear regression model was developed. It describes the dependence of the profitability of the assets on the equity ratio (share of equity in the total volume of sources of financing), asset turnover (ratio of revenue to average annual assets) based on the principal activity according to the Classifier of Economic Activity) and the scale of the business (based on annual revenue). findings. The proposed formalized forecasting model makes it possible to identify and evaluate the relationship between the profitability of mining companies and their solvency and business activity, taking into account the influence of the economies of scale and the characteristics of economic activity. Using the proposed model allows us to draw the following conclusions on plan ning directions for attracting internal or external sources of financing by companies: firstly, focusing on internal sources of financing of companies will have a greater effect compared to the use of credit re sources (given the overload of companies in the extractive industry with debts, when developing a financial strategy, the priority should be the restructuring of obligations, the conversion of debt into the property, securitization); secondly, taking into account the influence of the factor of economies of scale in the mining industry determines the priority of state policy to support small businesses and create conditions for increasing the concentration of capital; thirdly, given the cityforming nature of companies in this industry, it is justified to maintain existing and launch new pro grams of financial support for companies, taking into account social consequences of the possible bankruptcy of such companies. Formalization of the proposed areas allows mining companies to choose their future financial development strategy. originality. A formalized forecasting model is formed that allows identifying and evaluating the relationship between the prof itability of mining companies and their solvency, as well as business activity, taking into account the influence of scale factors and characteristics of economic activity. Using the proposed model will contribute to the adoption of effective decisions on planning directions for attracting internal or external sources of financing by companies, choosing a future strategy for their development based on state financial support programs, introducing innovative forms of financing (securitization)...

show abstract

The impact of ownership and other corporate characteristics on performance of V4 companies

Cited by 6 publications

References 39 publications

Impact of Selected Corporate Governance Determinants on Corporate Social Responsibility Reporting in Slovak Insurance Companies

Impact of Selected Corporate Governance Determinants on Corporate Social Responsibility Reporting in Slovak Insurance Companies

Profitability determinants of companies in IT industry: case of Ukraine

The impact of solvency and business activity on profitability of mining companies in Ukraine

Contact Info

Product

Resources

About