Financial strategy and corporate performance growth of quoted cement manufacturing companies in Nigeria

Adegbie, Folajimi Festus; Akenronye, Christopher Taiwo

doi:10.1504/ijbir.2022.127185

Cited by 4 publications

(8 citation statements)

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“…Also, Lestari and Harymawan (2020) and Gong et al (2021) cannot verify this relationship. Regarding the effect of company age on profit persistence, Adegbie et al (2019) show a negative mark; however, Gunawan et al (2020) document an insignificant relationship. In their study, Karim and Sarkar (2020) exhibit a negative sign in the firms having positive profits but a meaningless relationship in the companies suffering losses.…”

Section: Introductionmentioning

confidence: 88%

“…Associated with the effect of the firm size on profits persistence, Adegbie et al (2019), Abdillah et al (2021), Lasrya et al (2021), Sabila et al (2021), Dang and Vu (2022), and Khuong et al (2022) demonstrate a positive sign; however, Canina and Porter (2019), Gunawan et al (2020), Nurdiniah et al (2021), and exhibit an insignificant effect. In addition to financial leverage, Ha et al (2020) construct three models of earnings persistence (EP) with company size (CS) as another determinant.…”

Section: Introductionmentioning

confidence: 95%

“…Furthermore, the company size and age become the first and second control variables. Following Adegbie et al (2019), Ha et al (2020), Karim and Sarkar (2020), Nurdiniah et al (2021), and Dang and Vu (2022), this size is measured by the natural logarithm of total assets [LN(TA)]. By modifying Gunawan et al (2020) and Karim and Sarkar (2020), the age is quantified by the natural logarithm of the listing length of the company in the capital market [LN(AGE)].…”

Section: Research Variable Measurementmentioning

confidence: 99%

“…Besides focusing on the effect of financial leverage on earning persistence, these scholars also highlight the association of this persistence with firm size (Abdillah et al, 2021;Adegbie et al, 2019;Canina & Potter, 2019;Dang & Vu, 2022;Gong et al, 2021;Gunawan et al, 2020;Ha et al, 2020;Karim & Sarkar, 2020;Khuong et al, 2022;Lasrya et al, 2021;Lestari & Harymawan, 2020;Nurdiniah et al, 2021;Sabila et al, 2021) and company age (Adegbie et al, 2019;Gunawan et al, 2020;Karim & Sarkar, 2020). However, their result is still contradictory.…”

Section: Introductionmentioning

confidence: 99%

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Financial Leverage, Firm Size, Company Age, and Earning Persistence: Evidence From Indonesia

Setiana¹,

Hadianto²

2023

ekuitas

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Everlasting earnings are needed for the firms to continue their business, and it becomes an expectation for the stakeholders, such as creditors, shareholders, and managers. Therefore, this study intends to prove the determinants of these earnings persistence. At least three factors are available based on the literature review: financial leverage, firm size, and company age. To make the study focus, it treats financial leverage as the primary variable, and the others become the control. By utilizing the quantitative design based on statistical testing, this study attempts to answer this issue. This study uses the firms in the infrastructure, utilities, and telecommunication sectors in the Indonesian capital market as the population and samples, the probability of t-statistic in the regression model to examine the prearranged hypotheses to achieve this destiny. Once analyzing the data from 2016 to 2019 of 25 companies taken by the simple random sampling technique, this research demonstrates that financial leverage and company age negatively influence this persistence; however, company size exhibits a positive impact. Based on the primary relationship evidence, this study suggests that firms reduce debt levels to avoid future failure, technical insolvency, and bankruptcy. Therefore, they can create earnings persistence from their managed business.

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Section: Introductionmentioning

confidence: 88%

Section: Introductionmentioning

confidence: 95%

Section: Research Variable Measurementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Financial Leverage, Firm Size, Company Age, and Earning Persistence: Evidence From Indonesia

Setiana¹,

Hadianto²

2023

ekuitas

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“…Financial statement analysis also helps the companies to gain an idea about their financial health and this ultimately leads to effective lending decisions. Evaluation of finance helps the companies make concrete budget plans and therefore this boosts financial stability and this also allows firms to ensure the business strategy utilised by the company is capable of providing strength to the firm [8]. It is important for the companies to set a business plan for the long term support of the company and ensure an uninterrupted business process.…”

Section: Figure 1: Data Miningmentioning

confidence: 99%

Data Mining Techniques and Modelling for Financial Analysis

Lumacad¹,

MP²

2022

2583-195X

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Data mining methods are used to identify the needs of the customers and this also helps the companies to stay competitive in the global market. Effective data mining process allows the firms to stay in the running in the competitive world by looking into the strength of the company. Data mining process has the capability of analysing financial stability and that in turn helps the companies implicate suitable policy and strategy to achieve competitive advantages. There are several types of data mining process that helps the companies to analysis their needs and allows the companies to evaluate finances. Different the types have their own approaches and advantages and helps companies to assess their finances to make concrete decision. The study has been carried out with the help of suitable methods to secure the success of the study. Qualitative methods, inductive approach and cross-sectional research design has been utilised to accomplish the study. From the assessment it is evident that despite of the advantages there are some issues that has been faced by the companies is mainly due to the large size of the data and lack of expertise of the higher authority.

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Sustainable Working Capital and Financial Performance in Cement Industry of Pakistan: An OLS Approach*

Raza,

Tursoy,

Balal

2023

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This research aims to demonstrate for the first time how the Pakistani cement sector's financial health is impacted by sustainable working capital. The cement Industry uses sustainable working capital techniques and practices for magnificent financial outcomes. Considering the importance of these profitable techniques, we practice these in cement firms with a sample size of 25 cement firms listed in the Pakistan stock market (PSX) from 1997-2022. The data is collected from annual reports available on the financial statements. The current ratio and Quick ratio are measured for liquidity. Ordinary Least Square & correlation analysis indicates that the cash conversion cycle (β1= -0.564, p= 0.00), Current ratio (β2= -0.20, p= 0.040), Quick ratio (β3= -0.585, p= 0.000) and Inventory Turnover ratio (β4= -0.244, p= 0.004) have a negative effect on financial performance (Tobin's Q). This study helps policymakers that can handle liquidity Sustainable working capital for the cement industry.

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Financial strategy and corporate performance growth of quoted cement manufacturing companies in Nigeria

Cited by 4 publications

References 0 publications

Financial Leverage, Firm Size, Company Age, and Earning Persistence: Evidence From Indonesia

Financial Leverage, Firm Size, Company Age, and Earning Persistence: Evidence From Indonesia

Data Mining Techniques and Modelling for Financial Analysis

Sustainable Working Capital and Financial Performance in Cement Industry of Pakistan: An OLS Approach*

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