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1

The Impact of Uncertainty on Textile Companies Profitability in the EU 27

Radulescu Magdalena, Ova Alper

Fibres & Textiles in Eastern Europe

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2023

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Vol. 31, no. 6

51--55

EN

Recent studies reveal that uncertainty is a problem for the profitability of companies in various sectors. The purpose of this study was to investigate the impact of uncertainty on the profitability of textile companies in the EU 27. A number of models were performed using the random effects estimator. The results indicate that the uncertainty variable WUI negatively and significantly affects the profitability of the textile industry in all models. In addition, the results show that while equity to total assets and cash flow to operating revenue have a positive effect, capital intensity and operating in Eastern Europe have a negative effect on profitability. Also, size, current ratio, operating revenue to stocks and inflation do not seem to have a significant impact on profitability.

2

Impact of Financial Risk on Business Efficiency Listed on The Stock Market in Vietnam

Nguyen Thi Nguyet Dung, Ha Thanh Cong, Nguyen Manh Cuong, Bui Thi Thu Loan

Annals of Computer Science and Information Systems

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2021

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Vol. 28

243--247

EN

This study aims to evaluate the influence of financial risk on the business efficiency of listed companies in Vietnam's stock market. To carry out the research objective, the authors use the short-run solvency, net working capital, and financial risk criteria proposed by Bathory (1984). At the same time, the authors conducted a quantitative analysis using a two-step GMM model, based on panel data collected from financial statements and financial statements of 430 companies listed on the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange in the period 2012-2018. The research results show that the business efficiency of enterprises through return on assets and return on equity is positively affected by net working capital and financial risk and is negatively impacted by short-run solvency. This result also has some implications for improving business efficiency and financial risk management of listed companies on the Vietnam stock market.

3

Bank’s performance and its determinants : evidence from Middle East, Indian sub-continent and African banks

Abdul Hadi A. R., Hussain H. I., Suryanto T., Yap T. H.

Polish Journal of Management Studies

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2018

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Vol. 17, No. 1

17--26

EN

This study is driven by a motivation to examine the key determinants of bank’s performance as proxied by bank’s liquidity (LR), non-performing loans (NPL), capital adequacy ratio (CAR), loan growth (FEXP) and default risk premium (FQL) within the framework of credit creation theory of banking. Using random effect model as an estimation tool on 93 banks in Middle East, Africa and Indian subcontinent over study period from 2009 through 2016, the findings reveal that there are significant relationships between bank’s performance and its loan growth. Both ROA and FEXP are also found to be positively correlated. In contrast, the NPL and CAR are found to be negatively correlated with ROA. As a whole, it is evident that loan growth plays a very important role in supporting bank’s long term performance.

PL

Celem badania jest przeanalizowanie kluczowych czynników determinujących wyniki banku w zależności od jego płynności (LR), zagrożonych kredytów (NPL), współczynnika wypłacalności (CAR), wzrostu kredytów (FEXP) i premii za ryzyko niewypłacalności (FQL) w ramach teorii bankowej dotyczącej działalności kredytowej. Jako narzędzie oceny, w 93 bankach na Bliskim Wschodzie, w Afryce i na subkontynencie indyjskim, w okresie od 2009 r. do 2016 r. wykorzystano model efektu losowego. Wyniki pokazują, że istnieją istotne zależności między wydajnością banku a zwiększeniem aktywności kredytowej. Na podstawie przeprowadzonych badań stwierdzono, że zarówno ROA, jak i FEXP są skorelowane dodatnio, natomiast NPL i CAR są skorelowane ujemnie z ROA. Reasumując, należy stwierdzić, że zwiększenie aktywności kredytowej odgrywa bardzo ważną rolę we wspieraniu długoterminowej wydajności banku.

4

Selected methodological approaches to the pyramid decomposition of return on assets for the financial needs of corporate governance

Kotulic R., Rajcaniova M.

Polish Journal of Management Studies

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2011

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Vol. 4

200-213

EN

The most important factor often determining the prosperity or bankruptcy is the ability of the firm to make correct decisions in financial management questions. Like every decision, the decisions on the level of financial management must be based on detailed financial analysis. Pyramid systems of financial and economic indicators are therefore inevitable and extremely important tools of the financial analysis. They are able to capture the different processes and relations in the enterprise. The main goal of this paper is to describe the methodological approaches to create a hierarchy of selected financial and economic indicators and their subsequent practical use in the pyramid systems.

PL

Najważniejszym czynnikiem często określenia dobrobytu lub upadłości jest zdolność przedsiębiorstwa do podejmowania właściwych decyzji w kwestii finansowych zarządzania. Jak każda decyzja, decyzje na poziomie zarządzania finansami musi opierać się na szczegółowej analizie finansowej. Systemów Piramida wskaźników finansowych i ekonomicznych są więc nieuniknione i bardzo ważne narzędzia analizy finansowej. Są one w stanie uchwycić różnych procesów i stosunków w przedsiębiorstwie. Głównym celem tego artykułu jest opisanie podejścia metodologicznego do tworzenia hierarchii wybrane dane finansowe i wskaźniki ekonomiczne, a następnie ich praktyczne zastosowanie w systemach piramidy.