The Enterprise Risk Management of Foreign Exchange Exposures: Evidence from Taiwanese Hospitality Industry

Hsiao, Chiu Ming; Zhang, Weifang; Chiu, Chi Chang; Huang, Jung Chang; Huang, Yü

doi:10.20448/journal.501.2017.41.32.48

Cited by 4 publications

(2 citation statements)

References 17 publications

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“…The companies under this categories will seek court protection against creditors because of the financial problems (Low, Fauzias, and Yatim, 2001;Ong et al, 2011). Usually, the court will restructure financial distress companies into the Scheme of Arrangement and Reconstruction under Section 176 to stop their creditors from chasing them (Zeni and Ameer, 2010;Ong et al, 2011, Fawzi et al, 2015Hsiao, 2017). The statistic shows that significant number of companies from consumer and industrial product industries fall into PN17 status in the period of 2014 and 2015 (www.bursamalaysia.com).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Distress Prediction Through Cash Flow Ratios Analysis

Kamaluddin¹,

Ishak²,

Mohammed³

2019

IJFR

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The purpose of this study to examine the relationship of cash flow ratios in predicting financial distress companies, with industrial and consumer product companies in Bursa Malaysia as the sample. The study on financial distress is critical as it can lead to bankruptcy, which may adversely affect the economy of the country. Therefore it is worth exploring any indicators that can identify the possibility of financial distress in the company. The tools enable to address the potential problems that can mitigate from distressed financial position. Most prior studies in Malaysia focus on traditional financial ratios, while this study exploits the strength of cash flow ratios. The liquidity ratio, solvency ratio, efficiency ratio and profitability ratio utilized in this study are derived from the statement of cash flows. The Altman Z-score is used to measure the level of the financial distress. The findings show mixed relationships between solvency ratio and financial distress and a negative significant relationship between profitability ratio and financial distress, whilst efficiency ratio has no relationship with the financial distress. These results suggest that cash flow ratios are reliable tools to predict financial distress for Malaysian context. The study is useful in giving insights to the stakeholders in their decision making.

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Section: Literature Reviewmentioning

confidence: 99%

Financial Distress Prediction Through Cash Flow Ratios Analysis

Kamaluddin¹,

Ishak²,

Mohammed³

2019

IJFR

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“…As a systematic assessment tool and easy to access and up-to-date (Adenan Ayob, 2018), the use of computer-based digital syetem is seen as a vehicle capable of boosting innovation in the secondary school assessment process (Adenan Ayob et al, 2010;Fullan, 2011;Khan, Hassan & Marimuthu 2017). In fact, the use of digital assessment system in the context of pedagogy and should be a starting point for various research findings (Yusalina Yusof, 2011;Hsiao, et al 2017). According to Rosnaini Mahmud, Mohd Arif Ismail and Jalalludin Ibrahim (2011), if any educational system needs to be built and used, a thorough study should be done, firstly to identify their validity and reliability.…”

Section: Computer For Assessmentmentioning

confidence: 99%

Comparison Between Conventional and Digital Essay Writing Assessment System: Consumer Concept and User Friendly

Ayob¹

2019

RWE

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Significant changes occurred in education system; teaching and learning technology in this new era. The changes can be revised through the existence of digital assessment system for essay writing. In utilizing and interpreting these changes, this study was conducted to examine the use of digital and conventional assessment system for Form Three among Malay teachers. The survey method was used in this study. The samples of the study are 60 teachers of the national secondary school which taught Malay Language for form three in Selangor and Federal Territory of Kuala Lumpur. The data are described descriptively and inferentially. Descriptive data are mean and standard deviation. Inferential data was analyzed using ANCOVA statistics. The findings show that there is a significant difference in teachers' opinion on the use of digital assessment system and the use of conventional assessment materials that based on consumer concept and user friendly. From that perspective, digital scoring system make teachers more dynamic in scoring the essay writing for form three. Therefore, it is recommended to the Ministry of Education to implement and revise the use of digital assessment system to improve the process for primary and secondary schools.

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The effect of inventory turnover on financial performance in the US restaurant industry: The moderating role of exposure to commodity price risk

Park

Kim

2020

Tourism Economics

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Despite the importance of efficiently managing inventory in the restaurant business, evidence of satisfactory inventory turnover in the restaurant industry remains limited. This study examined the relationship between inventory turnover and firm performance as well as the moderating role of exposure to commodity price risk therein. We collected data representing publicly traded US restaurant companies from the Mergent Online’s database for the period from 1999 to 2015. The results indicate there is a positive relationship between inventory turnover and corporate financial performance. Moreover, we found that the interaction effect of exposure to commodity price risk on the relationship between inventory turnover and firms’ profitability. To our knowledge, this is the first study empirically examining the adoption of inventory management by the restaurant industry. Also, these findings provide the importance of effective inventory management based on the specific type of restaurants.

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The Enterprise Risk Management of Foreign Exchange Exposures: Evidence from Taiwanese Hospitality Industry

Cited by 4 publications

References 17 publications

Financial Distress Prediction Through Cash Flow Ratios Analysis

Financial Distress Prediction Through Cash Flow Ratios Analysis

Comparison Between Conventional and Digital Essay Writing Assessment System: Consumer Concept and User Friendly

The effect of inventory turnover on financial performance in the US restaurant industry: The moderating role of exposure to commodity price risk

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