This study examines the impact of net working capital (NWC) management on the profitability of 26 energy companies listed on the Vietnamese stock exchange for the period from 2012 to 2021. The author uses annual panel data, and the Feasible Generalized Least Squares (FGLS) method is subsequently conducted to deal with the phenomena of heteroscedasticity and autocorrelation. Regression results from the FGLS method show that Day sales outstanding (DSO), Day inventory outstanding (DIO), and the Cash convention cycle (CCC) have statistically significant negative impacts on profitability (ROE). The number of days payable outstanding (DPO) has a statistically significant positive impact on profitability (ROE). In contrast, the current ratio (CR) does not. According to the findings of this study, energy companies should apply an optimal and efficient method for managing the factors that negatively impact profits in net working capital management to generate high business profits.
Integrated Fınancıal Reportıng as a New Approach to Corporate Reportıng Original Research Article Country Turkey
Since the information presented in the financial statements only shows the past operating performance of the enterprises, it was insufficient to meet demands of current and potential investors. However, current and potential investors need not only financial statements containing information that integrates financial data and sustainability data, but also a reporting system that includes environmental, economic and social impacts. In other words, investors need an integrated financial statement that includes information on social, environmental and economic fields as well as financial information. The reasons for the emergence of this integrated reporting, the definition and purpose of integrated reporting, the reasons for the emergence of integrated reporting, the advantages and disadvantages of the historical development of integrated reporting in Turkey are given
Determinants of Dividend Payout Ratio at Primary Consumer Goods Sectors in Indonesia Original Research Article Country Turkey
Winatasha Aninda Mustika Ningrum || Shinta Permata Sari
The dividend payout ratio is the percentage of the amount of return from profits in the form of dividends to investors. Profit from investments made by investors in their activities on the capital market is a return of funds known as a return. Investment is made to get a return from the company, both in the form of dividend income and income from capital gain that are accumulated as the difference in selling shares price to the purchase shares price. There are many factors that have effect management's decision in distributing profits in the form of cash dividends. The leverage ratio is a ratio used to measure how company’liabilitiesare covered by their assets (current assets or fix assets). This study aims to analyze the effect ofcash ratio, leverage ratio, return on equity, and total asset turnover to dividend payments.The sample in this study is primary consumer goods sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2021 period and determined using the purposive sampling method. According to certain criteria, as many as 85 samples are gathered over the past three years. The hypothesis in this study is tested by multiple linear regression analysis. The results of this study find that the cash ratio and return on equity have effectto the dividend payout ratio, while leverage ratio using debt to equity ratio and total assets turnover have no effect on dividend payout ratio.
The 2016 Attempted Coup in Turkey and Its Outcomes Original Research Article Country Turkey
The militaries played an essential role in the political life of Turkey.Namely, they intensively interfered with it for they appeared the most active defenders of the Kemalism idea. It is true that the Republic of Turkey is a secular country, but the vast majority of its population are Muslim. Hence, shortly after Mustafa Kemal’s death, Muslim political parties came to the fore, trying more and more intensely to establish themselves in the politics of the country and, consequently, to limit secularism. The Turkish military servicemen could not tolerate the Muslim parties attempting to seize power. As faithful defenders of the Kemalist ideology, they often overthrew such governments. Similar casestook placefour times in Turkey in the last century.
Turkey's“Justice and Development Party” (AKP) which is the ruling party nowadays, represents a moderate Islam follower. Therefore, the leader of the party, President of Turkey Recep Tayyip Erdogan tried to restrict the militaries yet in 2011, and hepartially suceeded.
In 2016, when the lastattempted military coup, the Turkish militaries failed. One of the reasons for this is a thought as if the Turkish president knew about the attempted military coup in advance and he needed it to limit the Turkish militaries. Too shortly after the attempted coup, many high-ranked military officials (including doctors, teachers) were arrested or fired form their working places. After that, the attempted coup by the Turkish military was almost neutralized and in this way the "threat" to Erdogan's government was eliminated.
The Effect of Reward, Job Satisfaction and Work Environment on Employee Performance at STIK Siti Khadijah Palembang with Work Motivation as A Mediating Variable Original Research Article Country Indonesia
This study aims to determine and prove the effect of reward, job satisfaction and work environment on employee performance at STIK Siti Khadijah Palembang with work motivation as a mediating variable. The population in this study were all STIK Siti Khadijah Palembang employees of population is 42 people. Sampling in this study used the Saturated Sample technique, namely as many as 42 people as the research sample. The results of this study indicate that Reward has an effect on Work Motivation, Job Satisfaction has an effect on Work Motivation, Work Environment has an effect on Work Motivation, Reward has an effect on Employee Performance, Job Satisfaction has an effect on Employee Performance, Work Environment has an effect on Employee Performance, Work Motivation affects Employee Performance. Rewards on Employee Performance have an indirect effect on Motivation Performance as a mediating variable or intermediary variable. Job Satisfaction on Employee Performance has an indirect effect on Work Motivation as a mediating variable or intermediary variable. As well as the Work Environment on Employee Performance has an indirect effect on Work Motivation as a mediating variable or intermediary variable.
Factors Affecting the Organizational Citizenship Behavior among Hospital Employees in Caraga Region Original Research Article Country Philippines
The healthcare industry has undergone, and continues to experience, a substantial degree of change in response to numerous economic, cultural, and political factors. Employees inside healthcare organizations can regularly engage in organizational citizenship activities that scholars have identified in literature as altruism, courtesy, conscientiousness, sportsmanship, and civic virtue to foster real progress, competent functioning, and excellent job results: behaviours that cover beyond those behaviours often noted in formal job descriptions (Ozsahin& Sudak, 2015; Turnipseed &Vandewaa, 2012).
Corporate Governance Practices on Financial Performance of Petroleum Industries in Kenya Original Research Article Country Kenya
The main objective of the study was to carry out an analysis of influence of corporate governance practices on financial performance of petroleum industries in Kenya. Specifically the study sought to establish the effects of corporate accountability on financial performance of petroleum industries in Kenya. The study will be based on stakeholder theory. The study adopted a descriptive research design. The sample consisted of was 112 operation managers that one from each of petroleum industries. From the study, it was established that there was significant and positive relationship between corporate accountability and financial performance (r=0.413, p=0.000) from the finding, the study recommended that petroleum firms in Kenya should embrace corporate accountability.
Identification and Exit Path of Zombie Firms: A Case Study of Listed Companies in China's Iron and Steel Industry Original Research Article Country China
Zombie firms are those that can only operate normally withcontinuous support from banks and governments. It occupies a large amount of social resources and has a crowding-out effect on other firms through unfair competition means, which is not conducive to the development of other new market players. Accurate identification of zombie firms and acceleration of exit from the market at the best time may contribute to protecting the interests of employees and creditors, reducing the burden of governments and banks, and better allocation of social resources. This paper identifies 20 listed companies in the iron and steel industry during 2014-2018. We find that the number of zombie firms decreased in 2014-2016, while the number of zombie firms increased in 2016-2018. Finally, we propose the following suggestions from three perspectives of the formation, identification, and selection of four different exit paths for zombie firms.In terms of the formation of zombie firms, enterprises should cooperate with governments and banks to achieve de-zombization from the root cause of zombie firms. In terms of the identification of zombie firms, regulators should continuously improve the identification method based on local conditions. In terms of exit path selection, the appropriate exit path should be selected according to the actual development of the enterprises to maximize the interests of all related parties.
Keywords: Chinese Steel
The Mediating Role of Continuing Professional Development on the Relationship between Auditor’s Self-Efficacy and Audit Quality Original Research Article Country Philippines
DANIEL CLARABAL, CTT, CPA, MSA
|| WILLIAM T. SUCUAHI, CPA, MSA, DBA
The study determined the mediating role of continuing professional development on the relationship between auditor’s self-efficacy and audit quality. The study applied a quantitative, non-experimental design with 198 auditors as study participants selected through stratified random sampling. The researcher adapted and contextualized sets of standardized survey questionnaires to measure the level of auditor’s self-efficacy, audit quality and continuing professional development. The data were analyzed using the Mean, Pearson Product Moment Correlation and Path Analysis. The results revealed that auditor’s self-efficacy, audit quality, and continuing professional development are high levels. Moreover, a significant relationship and influence existed between independent and dependent variables. It is proven in the study that there is a significant partial mediation of continuing professional development on the relationship between auditor’s self-efficacy and audit quality in Davao del Norte Province.
E-commerceand Sales Performanceof selected Motorcycle
Businesses in Panabo City Original Research Article Country Philippines
This paper explored the relationship between E-commerce and sales performance of selected motorcycle
businesses in PanaboCity.It applied the quantitative, non-experimental research design utilizing correlational technique.
The researcher used a self-made questionnaire to measure e-commerce and sales performance. The Mean and Spearman
rho were used statistical treatments. Results revealed that the level of e-commerce is high. Its indicators electronic
advertising emerged with a very high rating while electronic marketing and electronic customer support service
obtained a high rating and electronic payment system gained a very low rating. Also, the study revealed a low level of
sales performance. Based on the findings of the study, e-commerce has no significant relationship on sales performance
of motorcycle businesses in Panabo City.
The Influence of Human Development Index Composite Indicators on Economic Growth in Bangka Belitung Province 2015-2022 Original Research Article Country Indonesia
The Bangka Belitung Human Development Index (IPM) shows an increase of 0.22 percent from 2021 and is ranked 16th out of 34 provinces in Indonesia. Meanwhile, the economic conditions of the Bangka Belitung Province during the 2015-2022 period showed a declining pattern due to the contraction of the Covid-19 pandemic and changes in government regulations regarding tin exports but managed to revive in 2021. Several studies have shown a positive relationship between the Human Growth Index and economic growth. Therefore, this study aims to analyze the HDI Composite Indicators, namely health, education and the economy on economic growth in Bangka Belitung for the 2015-2022 period. The analytical method used is panel data regression with the Pooled Least Square (PLS) approach, Fixed Effect Model (FEM) and Random Effect Model (REM). The results of this study state that the economic indicator, namely the Per Capita Expenditure (PP) variable, has a positive and significant influence in increasing the Gross Regional Domestic Product (GRDP) in the Bangka Belitung Province.
Factors Affecting Satisfaction When Applying Accounting Software in the Consumer Goods Industry in Vietnam Original Research Article Country Vietnam
Tam Ha Ngoc || Lam Nguyen Dinh || Anh Dang Thi Van || Giang Le Thi Kim || Chinh Hoang An || An Do Thi Thuy
This research was carried out to determine the factors affecting satisfaction when applying accounting software in consumer goods businesses in Vietnam. The study used exploratory factor analysis and multiple regression analysis on 228 surveys. The research result shows that six main factors affect the satisfaction level when applying accounting software of consumer goods businesses in Vietnam, including 1) Service quality, 2) Company size, 3) Service characteristics, 4) Portability of accounting software, 5) Cost of accounting software, and 6) Uniqueness of accounting software.
Enterprise Risk Management, Organizational Culture and
Corporate Social Responsibility: A Structural Model
Approach on Business Strategy of Food Manufacturing
Firms in Region XII Original Research Article Country Philippines
CHARMIE ARELLANO LAGDAMEN || STILO FLOYD P. SCHNEIDER
This study aimed to determine the most suitable business strategy model for the 400 owners, managers, or
supervisors of food manufacturing firms in Region XII. The independent variables in the study were enterprise risk
management, organizational culture, and corporate social responsibility, while the dependent variable was business
strategy. The research employed a non-experimental quantitative design and a descriptive-predictive approach for
analysis, using a standardized survey instrument by utilizing stratified random sampling in a face-to-face situation. The
researchers chose the study participants. A range of statistical methods, including Pearson product-moment correlation,
multiple regression, mean, and structural equation modeling, were utilized to achieve the study's objectives. The study's
findings showed that enterprise risk management and organizational culture yielded high-level results, while corporate
social responsibility and business strategy achieved very high-level results. Furthermore, all three independent variables
were found to have a significant relationship with the dependent variable, business strategy. However, on the regression
result, it was found that only corporate social responsibility showed a significant influence on business strategy. Based on
the model fit, model 5 is revealed to be the best-fit model with enterprise risk management as indicated by internal
environment and event identification; organizational culture as indicated by managing change and cultural strength; and
corporate social responsibility as demonstrated by workplace policies and community policies and business strategy as
indicated by cost reduction and quality enhancement retained in the model.
A Structural Equation Model on Employer silience in Relation To Human Resource management (Hrm) Practices, Organizational commitment, And Work Engagement Of employees In the Tourism Industry in Region Xii Original Research Article Country Philippines
Analyzing the connections between Human Resource Management (HRM) practices, organizational commitment, work engagement, and employee resilience in the regional tourism industry in SOCCSKSARGEN. Structural Equation Modeling (SEM) was the primary statistical approach employed in this investigation. The goal was to identify the Structural Equation Model (SEM) for employee resilience in the tourist sector that best suited the data. Four hundred employees were chosen as respondents utilizing a descriptive-correlational research design and a stratified-random selection approach to offer more accurate findings than the previous sample methodologies. Statistical techniques, including mean, Pearson Product Moment Correlation, Multiple Regression, and Structural Equation Modeling, were then used to investigate the levels, relationships, influences, and best-fit modeling. The results show high HRM practices, organizational commitment, work engagement, and employee resilience. HRM practices, organizational commitment, and work engagement are significantly related to employee resilience. Further, out of the three variables, HRM practices and work engagement influence employee resilience in the tourism industries in Region XII. Model 2 is the best-fit model out of the three investigated structural models.
Development of Zinc Enriched Hybrid Rice Utilizing
Cytoplasmic Male Sterile (CMS) System Original Research Article Country Bangladesh
Urmi Rani Shaha || Nasrin Akter Ivy || Mohammad Sharif Raihan || Jalal Uddin
Ahmed || Md. Abdul Kader
The intended effect of the study was to discern the genetics of grain zinc in rice by hybridization, assess the
amounts of Zinc (Zn) and Iron (Fe) in the parents and hybrids, and determine the genetic variability and character
associations of twenty characters of hybrids. The mean performance for Zn concentration in the parent and hybrids at
the brown condition was better for IR62A and Gan46A x KataribhoghR than the other twenty quantitative traits,
respectively. Thousand grain weight showed high estimates of phenotypic coefficient of variation (PCV) was (54.380%)
and genotypic coefficient of variation (GCV) was (54.546%), which were followed by Zn content (42.666 & 43.956 %) and
straw yield (49.371 & 50.078 %). According to the study's findings, pollen fertility (%) (99.96) and grain yield (t/ha)
(99.365) expressed high heritability coupled with high genetic advance. In hybrids, a highly significant and positive
correlation was observed for grain yield per plant with filled seed (0.331*), unfilled seed (0.202*), grain length (0.242**),
harvest index (0.256*), Zn content (0.244**), Fe content (0.224**), and thousand seed weight (0.191**). The highest positive
direct contribution to grain yield/plant at the genotypic level was expressed by thousand seed weight, followed by
straw yield/plant (g), and days to 50% flowering through path coefficient analysis. The highest correlations existing
between different plant traits can be used to conduct indirect selection of a desired trait in a breeding program.
Earnings Management Analysis Using Market Reaction, Financial Statement Disclosure Level, Managerial Skills And Litigation Risk in Indonesia Financial Companies Original Research Article Country Indonesia
Earnings management is defined as an attempt by company managers to intervene or influence information in financial statements with the aim of tricking stakeholders who want to know the company's performance and condition. This study aims to analyze the affect of market reaction, level of disclosure of financial statements, managerialskills, and litigationrisk on earnings management. The sample of this study was 29financial industry classification companies listed on the Indonesia Stock Exchange in 2018-2021 so that the number of samples (n) = 116.Earnings management measurement using discretionary accrual with the Modified Jones Model. The results of this study show that market reaction variables, the level of disclosure of financial statements, and managerialskills affect earnings management. While the litigation risk variable does notaffect earnings management.