Business expansion through acquisition has the purpose to increase company performance which is one of corporate action and also the way a company can compete with their competitors healthily. This ...research aims to get a proof empirical about whether there’s a difference or not on HYBE Corporation’s company performance after acquiring Ithaca Holdings. Object that used on this research is HYBE Corporation’s quarterly consolidation financial reporting. Company performance in this research evaluated by financial ratio. Analysis methods that used in this research are paired sample t-test and wilcoxon signed rank test. Result of this research shows that there’s no difference with HYBE Corporation’s company performance after acquired Ithaca Holdings.
Current research purpose to analyze and explain the influence of environmental uncertainty on competitiveness and fishery company performance, then also aims to examine the mediating role of ...competitiveness. This research uses a quantitative approach, with data collection using questionnaires. The sampling in this study was determined based on criteria represented by 3 people at the management level of 19 fishing companies (i.e. directors, operational managers, and supervisors), thus a total sample of 57 managers in the fisheries company. Data analysis and hypothesis testing in this current research using generalized Structured Component Analysis (GSCA). Research findings indicate a positive and significant influence between environmental uncertainty on competitiveness and fishery company performance. Similarly, the competitiveness has a positive and significant effect on fishery company performance. Lasty, competitiveness has a role as partial mediation of the influence environmental uncertainty toward fishery company performance. The practical implications of the results of this study are the importance of fishing companies to adapt to environmental uncertainties in order to create competitiveness and improve company performance.
The brand, as a relational capital segment,, represents the intangible assets. Not only influencing the company performance, the value of the brand determines the future growth and development. This ...paper presents a comparative literature review, which provides a basis for creating a framework of the most valuable marketing measures for brand evaluation. Marketing metrics are selected on certain criteria, which are determined by the marketing managers. The results presented in this paper should indicate the effects on the company performance from the correct selection of marketing indicators for brand evaluation. After reviewing the theoretical achievements in the field of brand metrics, the paper presents the most important set of measures, with the greatest impact on company performance. Also, the brand balanced scorecard is explained, together with examples of balanced scorecards of certain companies. Finally, the implications of brand metrics on the company's performance are presented.
•A game model among governments, banks and PV companies is built.•Empirical analysis for the impact of subsidies and loans on PV company.•The “Credit Limitation Policy” is a quasi-natural experiment ...to test loan access.•Loan limitation undermines PV companies' performance.•Governments' subsidies have little impact on company performance.
China’s Photovoltaic (PV) industry plays a critical role in the global PV industry. Between 2013 and 2015, Chinese PV companies were restricted in their access to debt financing. However, to date there has been a lack of studies investigating this “Credit Restriction Policy“. This paper innovatively builds a dynamic game model to analyze the behavior of governments, banks and the PV companies in the process of financing PV companies and is the first attempt to use the quasi-natural experiment in the PV industry to investigate the impact of loan restriction on firm performance. The game analysis shows that both the governments' support behavior and companies' loan decisions have nothing to do with the cost of governments' support to companies. Using the panel data for China's listed PV companies from 2007 to 2017, the empirical results reveal that restricting access to bank loan undermines PV companies’ performance, but government subsidies have little impact on the operating performance of PV companies. The results suggest that while restriction of financial access has negative impact on PV companies, government’s administrative intervention is not desirable and instead government should improve the institutions for bank lending.
This study describes the diversity of directors' nationality from company attributes: company leverage, growth, size, age, and sub-sector. This study also analyses the association between directors' ...nationality diversity and the performance of Indonesia's listed companies using two measurements: ROA and ROS (accounting performance) and Stock return and Tobin’s Q (market performance). This study used 3,290 observations in 235 companies (from 2004 to 2017). As a result, the level of director nationality diversity varies based on the company size (large vs. small), company age (old vs. young), company growth (high vs. low), company leverage (high vs. low), company sub-sector (central vs. manufacturing vs. trading & service sub-sector). In addition, the diversity of the supervisory board nationality is negatively related to the ROA and Tobin’s Q and positively associated with stock return. The company breaks the negative effect of supervisory board nationality diversity by reducing the periods foreign directors need to familiarise themselves with newly discovered circumstances, such as culture, systems, and language. The company suggests increasing the supervisory board nationality diversity regarding the stock return as detailed theoretical and practical implications.
Privatization is one of the Government's efforts to obtain additional capital with one of the goals for the efficiency of BUMN. The efficiency of BUMN due to privatization needs to be studied through ...data processed using a statistical approach. Based on the results of the study, it can be seen that BUMN is relatively more efficient before privatization compared to after privatization, then it is found that from the tested variables, there are 3 factors that affect the efficiency of construction BUMN, namely total assets, economic growth and interest rate. Privatization has no effect on the efficiency of Construction SOEs. This shows that the privatization carried out has no effect on the company's performance. This can happen because the shares sold to the public are relatively small. The government is still dominant as a shareholder, so management control from the government is still dominant.DOI: https://doi.org/10.26905/afr.v4i2.6234
The electricity industry of China, which is crucial to the running of the whole economy, has ironically experienced increasing idle capacity as well as electricity shortage in recent years. The ...declined economic growth rate together with the COVID-19 pandemic induced much idle capacity to this industry in 2020, whereas high coal price, excessive foreign trade orders and unexpected drastic climate change impacts led to the worst blackouts in 2021 and 2022. Considering that the utilization rate of capacity may affect the performance of companies, this paper quantifies the impacts of capacity utilization rate (CUR) on company performance, from the perspective of profitability, market value and investment efficiency. We find a significantly positive relationship between the CUR and company performance, in all the three aspects examined based on the data of China’s listed companies in the electricity industry from 2000 to 2019. In particular, idle capacity dampens a company’s profitability by the largest magnitude, whereas the adverse impacts on market value and investment efficiency are relatively small. We document robust results employing a battery of robustness checks, including measuring the CUR with alternative methods and variables, replacing the proxy variable for company performance, and considering potential endogeneity problem. The results demonstrate heterogeneity across markets with different competition degree, companies with different ownership, and companies generating electricity with different types of energy. Further analysis over mechanisms confirms that the negative impacts of idle capacity are channeled through slowing down the turnover rate of assets and inhibiting companies’ ability to bear tax burden and to obtain long-term financing.
•This study quantifies the impacts of capacity utilization rate (CUR) on company performance.•Performance dimensions include profitability, market value and investment efficiency.•The data includes China’s listed companies in the electricity industry from 2000 to 2019.•A significant positive relationship exists between CUR and all performance dimensions.•We document robust results employing a battery of robustness checks.
In this article, we theoretically and empirically examine why and how social identity and overwork/workaholism represent pathways to convey the effect of dark triad traits – Machiavellianism, ...narcissism, and psychopathy – on venture performance. By analyzing the data of 569 university students with their own businesses in the Global University Entrepreneurial Spirit Students’ Survey, we show that compulsive overwork and Darwinian social identity partially mediate the positive effect of narcissism on venture performance. Thus, our study extends the narcissism literature by exploring the mechanism of the positive impact of narcissism on venture performance and implies that narcissism is not necessarily an adverse personality characteristic in an entrepreneurial context.
•Narcissism positively affects entrepreneurial success.•Entrepreneurs high in narcissism are more likely to have Darwinian entrepreneurial motivations.•Narcissism is positively related to workaholism.•Both Darwinian social identity and working compulsively partially mediate the relationship between narcissism and entrepreneurial performance.
