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Plans for better business performance of Sony in Japan - and suggestions for management and financial accounting transparency

Treść / Zawartość
Identyfikatory
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Through years Sony in Japan has shown success in bringing to themarket high quality products, and via technical inventions. Today risk management is one of vital issues in Sony to maintain its reputation in global markets. The purpose of this study is to find out impacts of economic factors at macro level on net profit of a big technological giant like Sony. We found that movement of net profit in big firms such as Sony will reflect the business health of technology system and the whole economy. The results of quantitative research, in a seven factor model, show that the increase in inflation, GDP (increasing too much) and lending rate and reducing risk free rate has a significant effect on reducing Sony net profit with the highest impact coefficient, the second is decreasing the exchange rate. Last but not least, this study proposes risk management solutions and business management plans to lower business risks, cost and enhance its net profit.
Czasopismo
Rocznik
Strony
132--145
Opis fizyczny
Bibliogr. 17 poz., rys., tab., wykr.
Twórcy
  • Thuongmai University Hanoi, Vietnam
  • Vietnam General Confederation of Labour, Vietnam
  • Banking University HCMC, Ho Chi Minh city Vietnam;
  • International University of Japan, Japan
autor
  • Academy of Finance, Hanoi, Vietam
  • School of Economics and Management, Hanoi University of Science and Technology, Vietnam
  • Thuongmai University Hanoi, Vietnam
Bibliografia
  • [1] Ahmad, N., & Ramzan, M. (2016). Stock Market Volatility and Macroeconomic Factor Volatility, International Journal of Research in Business Studies and Management, 3(7), 37-44.
  • [2] Arshad, Z., Ali, R. A., Yousaf, S., & Jamil, S. (2015). Determinants of Share Prices of listed Commercial Banks in Pakistan, IOSR Journal of Economics and Finance, 6(2), 56-64.
  • [3] Ayub, A., & Masih, M. (2013). Interest Rate, Exchange Rate, and Stock Prices of Islamic Banks: A Panel Data Analysis, MPRA Paper No. 58871.
  • [4] Cherif, R., & Hasanov, F. (2012). Public Debt Dynamics: The Effects of Austerity, Inflation, and Growth Shocks, IMF Working paper WP/12/230.
  • [5] https://www.sbv.gov.vn (dated 1/10/2020).
  • [6] Huy, D.T.N. (2012). Estimating Beta of Viet Nam listed construction companies groups during the crisis, Journal of Integration and Development, 15(1).
  • [7] Huy, D.T.N., Loan, B.T.T., & Anh, P.T. 2020. Impact of selected factors on stock price: a case study of Vietcombank in Vietnam. Entrepreneurship and Sustainability Issues, 7(4), 2715-2730. http://doi.org/10.9770/jesi.2020.7.4(10).
  • [8] Ihsan, H., Ahmad, E., Muhamad, I.H., & Sadia, H. (2015). International Journal of Scientific and Research Publications, 5(8).
  • [9] Jarrah, M., & Salim, N. (2016). The Impact of Macroeconomic Factors on Saudi Stock Market (Tadawul) Prices, Int’l Conf. on Advances in Big Data Analytics.
  • [9] Krishna, R.C. (2015). Macroeconomic Variables impact on Stock Prices in a BRIC Stock Markets: An Empirical Analysis, Journal of Stock & Forex Trading, 4(2).
  • [10] Kulathunga, K. (2015). Macroeconomic Factors and Stock Market Development: With Special Reference to Colombo Stock Exchange, International Journal of Scientific and Research Publications, 5(8), 1-7.
  • [11] Luthra, M., & Mahajan, S. (2014). Impact of Macro factors on BSE Bankex, International Journal of Current Research and Academic Review, 2(2), 179-186.
  • [12] Masood, O., Javaria, K. & Petrenko, Y. 2020. Terrorism activities influence on financial stock markets: an empirical evidence from United Kingdom, India, France, Pakistan, Spain and America. Insights into Regional Development, 2(1), 443-455. https://doi.org/10.9770/IRD.2020.2.1(4).
  • [13] Masood, O., Tvaronavičienė, M., & Javaria, K. 2019. Impact of oil prices on stock return: evidence from G7 countries. Insights into Regional Development, 1(2), 129-137. https://doi.org/10.9770/ird.2019.1.2(4).
  • [14] Ndlovu, M., Faisal, F., Nil, G.R., & Tursoy, T. (2018).The Impact of Macroeconomic Variables on Stock Returns: A Case of the Johannesburg Stock Exchange, Romanian Statistical Review, 2, 88-104.
  • [15] Pan, Q., & Pan, M. (2014). The Impact of Macro Factors on the Profitability of China’s Commercial Banks in the Decade after WTO Accession, Open Journal of Social Sciences, 2, 64-69.
  • [16] Quy, V.T., & Loi, D.T.N. (2016). Macroeconomic factors and Stock Price - A Case of Real Estate Stocks on Ho Chi Minh Stock Exchange, Journal of Science Ho Chi Minh City Open University, 2(18), 63-75.
  • [17] Saeed, S., & Akhter, N. (2012). Impact of Macroeconomic Factors on Banking Index in Pakistan, Interdisciplinary Journal of Contemporary Research in Business, 4(6), 1200-1218.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-183fb352-85cd-40e5-bbfe-b48bb9a474d1
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