This study examines the expropriation that occurs in asset utilization due to tunneling. This study aims to examine the effect of asset utilization on company performance. This study used a sample of ...130 companies in Indonesia to examine the effect of asset utilization on company performance. This research uses simultaneous equation model with Three-Stage Least Square tech- nique. The results showed that asset utilization has a positive and significant effect on company performance. The result of the research shows that asset utilization which is managed and well controlled has influence to improve company performance.
Purpose - The purpose of this paper is to apply Value Added Intellectual Coefficient (VAIC™) of Pulic to compare quoted information technology and communication companies on the Istanbul Stock ...Exchange (ISE), in terms of intellectual capital efficiency. This study also examines VAIC™, and its components' impact on company performance.Design methodology approach - Multiple regression analysis was employed to identify the variables that significantly contribute to the company performance. Data required to calculate VAIC™ and its components were obtained from the 2005-2007 annual reports and balance sheets of the companies.Findings - As a whole, all the companies had a relatively higher human capital efficiency than structural and capital efficiencies. In 2007, Turkcell was the most efficient company based on VAIC™ assessment, while Link Bilgisayar and Plastikkart were the least efficient companies. Additionally, the results of the study revealed that factors such as human capital efficiency, firm leverage, and firm size, predicted profitability well. Among them, human capital efficiency had the highest impact. In addition, capital employed efficiency was found to be a significant predictor of both productivity and return on equity, and the only determinant of market valuation was the firm size.Practical implications - This study allowed ITC companies to benchmark themselves according to the intellectual capital efficiencies and develop strategies to enhance their company's performance.Originality value - This study is the first that measures intellectual capital performance and its impact on the company performance of the quoted information technology and communication companies on the ISE.
Purpose - Many contemporary approaches to talent management are unaffordable. This paper seeks to summarise some key findings of a five-year investigation into quicker and more affordable routes to ...creating high performance organisations. It aims to suggest a practical and much more cost-effective way of quickly achieving multiple corporate objectives and measurable benefits for both people and organisations is often being overlooked.Design methodology approach - A programme of critical success factor, "issue" and other surveys was complemented with a five-year evaluation of more recent case studies to understand early adoptions of performance support and to assess their results and implications. The applications examined were discussed with the relevant technical architect and the results obtained corroborated with commissioner user performance data and or documented assessments reactions.Findings - Recruiting exceptional people - even if affordable - can create a host of problems if they are not properly managed, which is often the case. Paying for talented people may make little sense for organisations that cannot harness or capture and share what they do differently. Talent needs to be relevant to what an organisation is seeking to do and critical success factors for excelling in key roles, and what top performers do differently in these areas captured and shared.Research limitations implications - Evaluations of performance management need to consider all the objectives that are beneficially impacted.Practical implications - One can avoid certain general, expensive, time consuming and disruptive corporate programmes in an area such as talent management and adopt quick, focused, cost effective alternatives that generate large returns on investment, and quickly deliver multiple benefits for people and organisations. Performance support can enable average performers wherever they may be to excel at difficult jobs.Social implications - A wider range of people can be helped to do difficult jobs.Originality value - The paper summarises the main findings of an investigation that has identified deficiencies of contemporary approaches to talent management, identifies an approach which if strategically adopted can enable relevant talent in terms of how to excel at key roles to be developed as and when required, and sets out the benefits of Talent Management 2, of which performance support is a central element.
This study purposively is to conduct an empirical analysis of the structural relations among critical factors of quality management practices (QMPs), world-class company practice (WCC), operational ...excellence practice (OE), and company performance (company non-financial performance or CNFP and company financial performance or CFP) in the oil and gas companies operating in Indonesia. The current study additionally examines the relationships between QMPs and CFP through WCC, OE, and CNFP (as partial mediators) simultaneously. The study uses data from a survey of 140 strategic business units (SBUs) within 49 oil and gas contractor companies in Indonesia. The findings suggest that all six QMPs have positive and significant indirect relationships on CFP through WCC and CNFP. Only four of six QMPs have positive and significant indirect relationships on CFP through OE and CNFP. Hence, WCC, OE, and CNFP play as partial mediators between QMPs and CFP. CNFP has a significant influence on CFP. A major implication of this study is that oil and gas managers need to recognize the structural relations model fit by developing all of the research constructs simultaneously associated with a comprehensive TQM practice. Furthermore, the findings will assist oil and gas companies by improving CNFP, which is very critical to TQM, thereby contributing to a better achievement of CFP. The current study uses the Deming’s principles, Hayes and Wheelwright dimensions of world-class company practice, Chevron Texaco’s operational excellence practice, and the dimensions of company financial and non-financial performances. The paper also provides an insight into the sustainability of TQM implementation model and their effect on company financial performance in oil and gas companies in Indonesia.
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IZUM, KILJ, NUK, PILJ, SAZU, UL, UM, UPUK
Research aims: The purpose of this study is to analyze the effect of biological asset intensity towards the company performance with biological asset disclosure as an intervening variable. ...Design/Methodology/Approach: The sample used in this study was firms engaged in the agricultural sector registered in Indonesia Stock Exchange 2015-2017 period. The sample selection method used was purposive sampling according to the required criteria. The analytical tools employed a mediation model based on path analysis using the software process. Research findings: The study results showed that biological asset intensity positively affected biological asset disclosure, biological asset intensity negatively affected the company performance, the biological asset disclosure positively affected the company performance, and the biological asset disclosure mediated the correlation between biological asset intensity and company performance. Theoretical contribution/ Originality: The biological asset disclosure mediated the correlation between biological asset intensity and company performance. Practitioner/Policy implication: This study is expected to encourage firms to be more concerned about biological asset disclosure to improve company performance. On the other hand, this study also helps the standard board see the biological asset disclosure in Indonesia considerably and develop the Indonesian Financial Accounting Standards Guidelines 69. Research limitation/Implication: This study used the Indonesian Financial Accounting Standards Guidelines 69, which is relatively new for companies that effectively implement these regulations.
Performance measurement reflects the company capability to prepare for the customer desired standard while it considers lower production and maintenance costs, higher product quality, reduced stock ...in process, deprived material processing cost, and shorter delivery deadline. Meanwhile, Supply Chain Management (SCM) has important meaning to empower consumer in maximizing customer value. Supply Chain Management (SCM) requires: internal integration (intra-organization) and external integration (inter-organization). Primary key of Supply Chain Management (SCM) will be having supplier as partner in the company strategy and satisfying the always changing market demand. Therefore, a selection among company strategy options in the global competition really produces a model of dominant integration, coordination, and cooperation in controlling global market, precisely through supply chain as important element to contribute to company performance improvement.
Purpose The purpose of this paper is to investigate the net relationship between internal wage dispersion and firm performance. Designmethodologyapproach An empirical investigation of the ...relationship between internal wage dispersion and firm performance is performed using linked employeremployee data for Norwegian firms from 1986 to 1997. Findings Contrary to findings in previous empirical work of a positive relationship between internal wage dispersion and firm performance, the analysis finds no such evidence in Norwegian firms, even though internal wage dispersion has increased. Originalityvalue The paper contributes to the relatively sparse empirical literature on internal wage dispersion and firm performance. Further, the analysis provides a new econometric specification for estimating internal wage dispersion that explicitly takes into account the hierarchical organization of firms. In contrast with previous work, the analysis also distinguishes between dispersion in both the fixed and variable portions of wages.
Purpose - The purpose of this research is to measure Organizational Learning Capability (OLC) perception in the managers of public, private and multinational organizations and establish the link ...between OLC and firm performance. Design methodology approach - The data were collected from a sample of 612 managers randomly drawn from Indian industry, using a questionnaire survey. Findings - Organizational capability perception for the managers of the IT sector and of multinational firms was the highest, while it was lowest for the engineering sector. Mixed results were found for the market indicators of firm performance, i.e. firm's financial turnover and firm's profit as predictors of OLC in Indian organizations, where financial turnover was predicting organizational learning capability. Research limitations implications - The research paper does not test the possibility of firm performance affecting OLC, which may be true, and the author acknowledges it as a limitation of the research study. Future studies may investigate this further. Originality value - The managers felt that the processes for encouragement of experimentation and environmental scanning needed more attention in Indian industry. The variable of sensitivity to people and their potential provides implications for a rigorous talent management strategy. If adequate attention is paid to this dimension, then it can lead to gaining of competitive advantage, through retention and development of key talent.
Purpose - This paper attempts to identify the strength of the relation between the quality characteristics of companies that are activating in an economy and their performance. ...Design/methodology/approach - In the quality characteristics sphere were included almost all the elements related to company's behaviour on a market, in an uncertain environment and in the relations developed with stockholders. And what theory can better shape this relation than grey systems theory, a theory of uncertainty and of continual changes? At first, all of these qualitative characteristics that are reflecting company's activity have been divided into six categories for a better reality reflection. A performance indicator was also depicted by taking into consideration each company's managerial objectives. Findings - By applying grey relational analysis (GRA) in a case of eight Romanian firms, the results were convincing: not only that these characteristics determine firm's evolution, but, by knowing them and acting properly on them, firm's extreme situations (such as insolvency or bankruptcy) can be avoided. Practical implications - The method exposed in the paper can be used for any company for evaluating the linkage between its main characteristics and the way its performance can evolve. Originality/value - The paper succeeds in identifying the linkage between the characteristics of a company at a certain point and its performance by using one of the newest developed theories: grey systems theory.
Purpose
– The purpose of this study is to investigate the relationship of weaknesses in IT-related internal controls to companies' overall financial performance and health. ...Design/methodology/approach
Design/methodology/approach
– The study examines four accounting measures: liquidity, solvency, profitability, and market value. During the four-year period of 2004-2007, the authors identified companies that reported at least one material IT weakness and matched them with a similar set of companies with no reported material weaknesses. Additionally, for a subset of the companies in which a good match could be identified, a second data set was developed for comparison of companies reporting only material non-IT weaknesses. Findings
Findings
– As expected, companies reporting IT weaknesses experienced less of an ability to pay short-term and long-term debts, earned lower profits, and possessed lower market value than companies with no weaknesses. Companies reporting IT weaknesses experienced worse financial performance and health than companies with non-IT weaknesses. Research limitations/implications
Research limitations/implications
– At the time of this study, most foreign registrants listed on US stock exchanges had not completed and filed their initial SOX 404 assessment with the SEC. Furthermore, small public companies (i.e. under a $75 million market capitalization) were not required to comply with 404 reporting requirements at the time of this study. In addition, Compustat provides information only on publicly traded companies. Originality/value
Originality/value
– The current study builds on IT governance research in two key ways. First, academia and industry must move past the discussion of IT governance design
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