Analysis of Companies’ Economic Performance Using the Profitability Rates

Burja, Camelia; Burja, Vasile

doi:10.35808/ersj/223

Cited by 8 publications

(11 citation statements)

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“…Our selection of macroeconomic factors is in line with the existing literature. More specifically, Issah and Antwi (2017) suggest that the relative performance of a country and its monetary or financial condition are closely associated with firms' performance based on profitability (see Burja & Burja, 2009). According to Fiordelisi and Molyneux (2010), TFP is a significant factor influencing shareholder value creation and hence business performance.…”

Section: Empirical Investigationmentioning

confidence: 99%

The impact of institutional investors on firms' performance in the context of financialization

2019

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This paper investigates the impact of U.K. institutional holdings on the financialization process. Using panel data analysis, we find that their holdings have a positive impact on the financialization. Investigating the source of this impact, we find that their portfolio companies outperform their peers matched by industry and size. Together, these findings suggest that institutional investors add value to the capital market and play an instrumental role in shaping the financialization process. Granger's causality test reveals that institutional holdings Granger cause financialization process, and the relationship is one‐way direction.

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Section: Empirical Investigationmentioning

confidence: 99%

The impact of institutional investors on firms' performance in the context of financialization

2019

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“…Number of employees is characterised by the number of persons employed full time in one year (Baehr & Renck, 1958). Turnover is the measure for a business's performance and re ects the total sales made by a business in a certain period (Burja & Burja, 2009). Xi = ith independent (explanatory variable), i = 1, 2…k β0, β1, β2, β3…βk are the partial regression coe cients of independent variables.…”

Section: Methodsmentioning

confidence: 99%

Digital Corporate Social Responsibility Reporting in The Water Industry

Almeida

Pérez-López

Abreu

2021

Preprint

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Companies in the water industry present to their shareholders their digital corporate social responsibility agendas and their social and environmental commitments on their websites. The purpose of this research is to assess the digital corporate social responsibility of Portuguese companies in the water industry. This research makes theoretical and practical contributions to the existing literature by examining the corporate social responsibility disclosure in a specific type of industry that is rarely studied and is in one of the smallest Organisation for Economic Co-operation and Development countries, thereby expanding previous research in this field. The research also examines factors that affect the digital status of the online disclosure. The authors empirically analyse the corporate social responsibility information published on the websites of the Portuguese companies operating in the bottled water industry. The data was collected based on the Global Reporting Initiative standards which detail the level of disclosure in this industry and highlight areas of underreporting. The results reveal the variables companies’ size, number of employees and turnover influence the level of disclosure of Portuguese companies in water industry.

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“…Companies use various profitability ratios to provide useful insights into the financial well-being and performance of the business (Bordeianu and Radu, 2020). The economic profitability rates are an important instrument of financial analysis, as they reflect the level of the economic viability of a company (Burja and Burja, 2009).…”

Section: Economic Profitability Ratiomentioning

confidence: 99%

Directions for Management in Small and Medium Hotels and Restaurants Companies

Lucas¹,

Ramires²

2022

GTG

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The primary goal is to validate if there is a relationship between liquidity and economic profitability in hotels and restaurants sectors, in small and medium companies (SMCs). The question to be answered is whether the short-term view will not compromise the future results of those companies. After a literature review, hotels and restaurants financial ratios were analysed over 5 years. Data were also treated using linear regression, to understand if there is a relation between liquidity and economic profitability. All the financial information was obtained from the SABI database. According to the studied literature, it was not expected to have any relationship between liquidity and economic profitability. The study consists of the Portuguese context in the latest 5 years period before COVID-19, in the hotels and restaurants sector, and it does validate those previous studies. Indeed, findings show no relationship between both ratios. Findings show to hotels and restaurants managers that liquidity-based management does not necessarily lead to future economic profitability. Even if liquidity is necessary for accurate short-term management, it shall not be used to guide them in the decision-making process concerning economic profitability. The results obtained are of enormous importance to both practitioners and academics. Managers must understand that they must take into account the need for liquidity in a short-term vision, but they must also understand that this fact alone is not a guarantee of good profitability in a long-term vision. The results in the empirical study also help to reinforce the inexistence of a relationship between the liquidity ratio and the economic profitability ratio in the literature.

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Analysis of Companies’ Economic Performance Using the Profitability Rates

Cited by 8 publications

References 0 publications

The impact of institutional investors on firms' performance in the context of financialization

The impact of institutional investors on firms' performance in the context of financialization

Digital Corporate Social Responsibility Reporting in The Water Industry

Directions for Management in Small and Medium Hotels and Restaurants Companies

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