Academic literature on the topic 'Structure Capital efficiency (SCE)'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the lists of relevant articles, books, theses, conference reports, and other scholarly sources on the topic 'Structure Capital efficiency (SCE).'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Journal articles on the topic "Structure Capital efficiency (SCE)"
1
Gunawan, Hendra, and Widya Ramadhani. "How Intellectual Capital Effects Firm's Financial Performance." Journal of Applied Accounting and Taxation 3, no. 1 (2018): 1–8. https://doi.org/10.5281/zenodo.1304936.
Full textAbstract:
This study examined the effect of intellectual capital on the financial performance of the company. Independent variables consisted of structural capital efficiency (SCE), human capital efficiency (HCE), capital employed efficiency (CEE) control variables used in this research are the size and leverage. The population of this study are non-financial companies listed on the Indonesian Stock Exchange. Samples were selected using purposive sampling method and obtained 232 companies. Results showed that HCE has negative effect on the financial performance, SCE has significant positive effect on financial performance, and CEE has significant positive effect on financial performance. The limitation in the study is sample that are used only limited to the non-financial sector companies listed on the Indonesia Stock Exchange. Future studies are expected to use other measurements to measure intellectual capital and value of the company, and further research is also expected to increase the research data and select other industrial sectors.
2
Hossain, Syed Zabid, and Md Sohel Rana. "Effects of Ownership Structure on Intellectual Capital: Evidence from Publicly Listed Banks in Bangladesh." Journal of Risk and Financial Management 17, no. 6 (2024): 222. http://dx.doi.org/10.3390/jrfm17060222.
Full textAbstract:
This study explored the impacts of ownership structure (OS) on intellectual capital (IC) and its components. Data were gathered from 31 Dhaka Stock Exchange-listed banks for five years, from 2017 to 2021, consisting of 155 observations as balanced panel data. The study used the modified value-added intellectual coefficient (MVAIC) model to track the IC efficiency. The robust fixed effects model was employed for regression analysis to test the hypotheses. The research found that sponsor director ownership is negatively associated with the MVAIC, human capital efficiency (HCE), and structural capital efficiency (SCE) but positively with relational capital efficiency (RCE). High institutional and public ownership are positively linked with SCE but negatively with RCE. Foreign ownership is only positively associated with banks’ MVAIC and HCE. The regression results showed that high institutional ownership (IO) significantly enhanced the MVAIC and HCE. Foreign and public ownership positively influenced banks’ MVAIC, HCE, and capital employed efficiency (CEE) but negatively impacted RCE. The findings of this study will help banks’ policymakers with ownership mixes for the optimum utilization of banks’ resources. Management may assess IC’s efficiency level for proper supervision and use of knowledge resources to boost bank profitability. Also, the findings will help investors make prudent investment decisions. This is the first study to focus on OS and IC with diverse elements in Southeast Asia, especially Bangladesh, an emerging market.
3
Purwanto, Purwanto, and Nanda Fito Mela. "PENGARUH MODAL INTELEKTUAL DAN KEUNGGULAN BERSAING TERHADAP KINERJA KEUANGAN." CURRENT: Jurnal Kajian Akuntansi dan Bisnis Terkini 2, no. 2 (2021): 339–62. http://dx.doi.org/10.31258/jc.2.2.339-362.
Full textAbstract:
This study aims to find empirical evidence of the effect of intellectual capital and competitive advantage on financial performance in manufacturing companies listed on the Indonesian stock exchange in 2016-2018. By using the Public - Value Added Intellectual Coefficients (VAICTM) model, this study examines the relationship between the value-added efficiency (VAICTM) of the company's three main resources in the form of (capital used efficiency (CEE), human capital efficiency (HCE) and structure capital efficiency (SCE). )) competitive advantage to the company's financial performance as proxied through Return on Assets (ROA) and Return on Equity (ROE). Data were drawn from 72 manufacturing companies listed on the IDX in 2016-2018. The results show that Capital Employed Efficiency (CEE) affects the financial performance of ROA and ROE proxies, Human Capital Efficiency (HCE) does not affect the proxy performance of ROA but affects the proxy performance of ROE, Structural Capital Efficiency (SCE) affects the financial performance of ROA proxies. and ROE, the Value-added Intellectual Coefficient (VAICTM) does not affect the financial performance of ROA proxies, but it does affect the financial performance of ROE proxies, and Competitive Advantage (CA) has no effect on the financial performance of ROA and ROE proxies.
4
Marta KN Pasaribu, Isfenti Sadalia, and Nisrul Irawati. "The Impact of Intellectual Capital (Mvaic) on Financial Leverage in the Asean Telecommunication Industry: The Mediating Role of Firm Profitability." Indonesian Journal of Business Analytics 5, no. 2 (2025): 1895–908. https://doi.org/10.55927/ijba.v5i2.14105.
Full textAbstract:
Intellectual Capital (IC) significantly enhances financial performance and influences capital structure. This study examines IC's impact on financial leverage using the Modified Value Added Intellectual Coefficient (MVAIC), mediated by firm profitability. IC components—Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and Capital Employed Efficiency (CEE)—are analyzed in 120 ASEAN telecommunication firms through panel data regression. Findings confirm IC positively affects profitability (ROA), supporting Resource-Based Theory, while profitability negatively influences financial leverage (DAR), aligning with Pecking Order Theory. Among IC components, only CEE significantly impacts ROA and DAR via profitability mediation. Firms with high capital efficiency achieve better profitability and lower external debt dependence, emphasizing IC management for financial stability.
5
Junio, Wilson, and Yenny Kornitasari. "INTELLECTUAL CAPITAL EFFICIENCY AND MARKET STRUCTURE OF ISLAMIC COMMERCIAL BANKS IN INDONESIA." EL DINAR: Jurnal Keuangan dan Perbankan Syariah 12, no. 2 (2024): 197–227. https://doi.org/10.18860/ed.v12i2.27444.
Full textAbstract:
This study investigates the impact of Intellectual Capital on the market structure of Islamic commercial banks in Indonesia. Employing a quantitative approach, the research utilizes the Random Effect Model for panel data regression analysis, drawing on secondary data extracted from the annual reports of eight Islamic commercial banks in Indonesia. The findings reveal that Islamic banks in Indonesia predominantly operate within a monopolistic market structure. Among the dimensions of Intellectual Capital, Human Capital Efficiency (HCE) emerges as the sole factor exerting a positive and significant influence on market structure, significantly enhancing the value creation process within Islamic banking. In contrast, Structural Capital Efficiency (SCE), Capital Employed Efficiency (CEE), and Relational Capital Efficiency (RCE) exhibit no discernible individual effects. These results underscore the necessity for regulators to delve deeper into market dynamics to foster a more competitive environment for Islamic banks. Furthermore, the findings advocate for regulatory support to facilitate the consolidation of Islamic banks, thereby enhancing Intellectual Capital efficiency. Such measures would enable Islamic banks to evolve into more efficient financial institutions, ultimately delivering greater societal benefits.
6
Priyanto, Panji, Putri Wahyuning Tias, and Ni Putu Mila Suhandi. "Enhancing Firm Value: Analyzing Intellectual Capital, Capital Structure, And Profitability In Indonesia." Jurnal Akuntansi, Keuangan, Pajak dan Informasi (JAKPI) 4, no. 2 (2024): 108–22. https://doi.org/10.32509/jakpi.v4i2.4683.
Full textAbstract:
This study investigates the impact of Intellectual Capital (IC), Capital Structure (CS), and Profitability (PR) on Firm Value (FV), with profitability acting as a mediating variable. Utilizing a quantitative approach, secondary data from 190 observations of consumer goods companies listed on the Indonesia Stock Exchange (IDX) were analyzed through SmartPLS. Companies experiencing losses or conducting IPOs during the research period were excluded. Firm value was proxied by Return on Assets (ROA), a key indicator of a firm's efficiency in generating profits from its assets. IC was measured using the Value-Added Intellectual Coefficient (VAIC), comprising Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE), and Structural Capital Efficiency (SCE). Capital Structure was measured using the Debt-to-Equity Ratio (DER), and profitability was assessed via Price-to-Book Value (PBV). The results revealed that Intellectual Capital significantly enhances both profitability and firm value, highlighting the role of intangible assets in firm performance. Capital Structure exhibited a negative direct effect on firm value but positively influenced profitability. Profitability, in turn, had a strong positive effect on firm value, underscoring its mediating role in the relationship between IC, CS, and FV. These findings emphasize the importance of effective management of intellectual and capital resources in maximizing firm value in the consumer goods sector in Indonesia
7
Bùi, Huy Trung, Thị Thu Nga Trần, Yến Nhi Nguyễn, Thị Yến Dương, and Thị Thu Trang Nguyễn. "The impact of intellectual capital efficiency on bank risk in Vietnam." Tạp chí Khoa học và Đào tạo Ngân hàng, no. 257 (October 2023): 10–22. http://dx.doi.org/10.59276/tckhdt.2023.10.2545.
Full textAbstract:
This paper aims to analyze the impact of intellectual capital efficiency on the risk of Vietnamese commercial banks. Drawing on a research sample of 13 Vietnamese commercial banks during the period 2010- 2021, the authors use the Generalized Method of Moments (GMM) to investigate the impact of variables reflecting the intellectual capital efficiency, including the efficiency of human capital- HCE, capital employed- CEE and capital structure- SCE, to the risk of commercial banks (measured by Z-score and nonperforming loan ratio- NPL). The results show that higher intellectual capital efficiency leads to higher risk (measured by Z- score) and lower credit risk. These findings have important implications on the regulation of the banking system in general as well as on improving the effectiveness of risk management of commercial banks in particular.
8
Syah, Toufan Aldian, and Akhmad Fauzan. "The Influence of Intellectual Capital with Sub Components to Financial Performance: Empirical Study of Islamic Banking in Indonesia." Volume 5 - 2020, Issue 8 - August 5, no. 8 (2020): 877–82. http://dx.doi.org/10.38124/ijisrt20aug420.
Full textAbstract:
- This paper aims to empirically examine the effect of intangible resources, namely intellectual capital (IC) on the financial performance of Islamic banking in Indonesia for the period 2013-2019. The data needed to calculate the different IC constituents comes from the financial statement data of each Islamic bank, which is the research sample, namely the Islamic bank, which is a foreign exchange bank. Value Added Intellectual Coefficient (VAIC) The methodology designed by Pulic is used to determine the impact of IC on Islamic banking's financial performance. The results show a significant positive relationship between the Sub-component Value Added Intellectual Coefficient (VAIC), namely Human Capital Efficiency (HCE), Structure Capital Efficiency (SCE), and Capital Employed Efficiency (CEE) which have a significant influence on the financial performance of Islamic banking proxied by ROA. Overall, the results show that HCE, SCE, and CEE strongly influence Islamic banks' ability to earn profits. The main limitation of this study lies in its measurement method, the VAIC methodology, which has been criticized by some researchers as not measuring IC. These findings can be useful input for Islamic bank management to manage and invest their resources in the Intellectual Capital (IC) in their institution. The main contribution of this paper is to identify the influence of the subcomponent of intellectual capital (IC) on the financial performance of Islamic banks, which was previously rare in Indonesia.
9
M., Noor Salim, and Arief Winanto Hardian. "Determinant Return on Assets and Its Impact on Assets Growth (Case Study of Sharia General Banks in Indonesia)." Journal of Economics and Business 3, no. 1 (2020): 282–94. https://doi.org/10.31014/aior.1992.03.01.197.
Full textAbstract:
This study aims to examine and analyze the determinants that influence Return on Assets (ROA) and their impact on Asset Growth (AG) partially or simultaneously. Factors affecting ROA and also Asset Growth are specific to Human Capital efficiency (HCE), Structure Capital efficiency (SCE) Capital Employed Efficiency (CEE), Board of Education (BED), and Board of Evaluation (BEV) on Return On Assets (ROA) and Asset Growth (AG). The population of this study is Sharia commercial bank companies in Indonesia with an observation period from 2014 to 2018 consisting of a sample of 12 Sharia Commercial Bank companies. The data analysis techniques in this study used Multiple Linear Regression analysis by analyzing the effect of corporate governance and Intellectual Capital to the Return On Asset and Asset Growth of the corporate partially and simultaneously. The results of data analysis showed that ROA was partially influenced by a significant positive of HCE and AG was significantly positive by ROA. While simultaneously, all variables significantly influence positively on ROA and Asset Growth.
10
Nguyen, Anh Huu, and Duong Thuy Doan. "The Impact of Intellectual Capital on Firm Value: Empirical Evidence From Vietnam." International Journal of Financial Research 11, no. 4 (2020): 74. http://dx.doi.org/10.5430/ijfr.v11n4p74.
Full textAbstract:
The paper aims to investigate the impact of intellectual capital on firm value in the context of Vietnam. The research sample includes 61 manufacturing companies listed on Vietnam stock market for the period from 2013 to 2018. Three statistical methods approaches are employed to address econometric issues and to improve the accuracy of the regression coefficients include Ordinary Least Square (OLS), Random Effects Model (REM) and Fixed Effects Model (FEM). This research uses value-added intellectual capital (VAIC) to measure the intellectual capital of a firm. Value-added intellectual capital (VAIC) is considered as an effective measure by which a company uses material, financial, and intellectual capital to increase. The VAIC includes the sum of three components: Human Capital Efficiency (HCE), Structure Capital Efficiency (SCE) and Capital Employed Efficiency (CEE, including physical and financial capital). In this paper, firm value is measured by Tobin’s Q ratio. Some control variables such as leverage, firm size, growth rate, and state capital are used in the regression model that pointed out the impact of intellectual capital on a firm value. The empirical results show a statistically significant positive impact of value-added intellectual capital (VAIC) on a firm’s profitability. This evidence provides a new insight to managers on how to improve the value of manufacturing companies listed on Vietnam stock market.
Dissertations / Theses on the topic "Structure Capital efficiency (SCE)"
1
Russell, Levi Alan. "Cost efficiency and capital structure in farms and cooperatives." Diss., Kansas State University, 2013. http://hdl.handle.net/2097/16860.
Full textAbstract:
Doctor of Philosophy<br>Department of Agricultural Economics<br>Brian C. Briggeman<br>U.S. farm profitability is near historic highs. This fact raises many questions related to the economics of production agriculture. Three questions are examined in this dissertation. First, should farmers use a different benchmark for farm profitability? To answer this question, a benchmark of farm profitability is developed that adds balance sheet information to an established benchmark which uses only income statement data. The second and third questions focus on cooperatives since farmers rely on efficient cooperative management to maximize their return on investment in the cooperative and their own farm profitability. How should cooperatives allocate earnings to farmers? To answer this question, a model is developed to inform boards of directors regarding optimal equity allocation decisions. Finally, do cooperatives face agency costs? To answer this question, a variable cost model is estimated to examine the indirect costs of leverage.
The first essay used data from Kansas farms to determine the effects of the use of debt on cost efficiency. A nonparametric cost efficiency model was used to examine these effects. Results indicated that farms which were more specialized, had higher capital costs, and used more equity to finance assets experienced larger increases in efficiency when the use of debt was included in the analysis.
The second essay used information on effective tax rates and empirically-estimated risk aversion coefficients in a portfolio model to determine the effects of different tax rates on the distribution of earnings. Results indicated that even a large deviation in current effective tax rates is not likely to affect the optimal share of allocated earnings. However, member risk preferences had an economically significant effect on the optimal share of allocated earnings, suggesting that board members focus on understanding member risk preferences.
The third essay used data from U.S. agricultural cooperatives to determine the presence of agency costs due to the use of debt. A variable cost function was estimated to generate an index of variable cost efficiency which was used to determine the indirect costs of leverage. A negative relationship between debt and variable cost efficiency was found, indicating that agency costs were present for agricultural cooperatives.
2
Sun, Jialin. "Financial reporting quality, capital allocation efficiency, and financing structure: An international study." Diss., Connect to online resource, 2005. http://wwwlib.umi.com/dissertations/fullcit/3178321.
Full text
3
Koh, Sung Soo. "The Korean stock market structure, behavior, and test of market efficiency /." Online version, 1989. http://ethos.bl.uk/OrderDetails.do?did=1&uin=uk.bl.ethos.352906.
Full text
4
Yinusa, Olumuyiwa. "Dynamic analysis of the impact of capital structure on firm performance in Nigeria." Thesis, De Montfort University, 2015. http://hdl.handle.net/2086/11389.
Full textAbstract:
The thesis examines the dynamic impact of capital structure on firm performance in Nigeria. The aims of this thesis are; first, to investigate the impact of capital structure of firms on their performance in a dynamic framework. This is unlike previous studies in the capital structure literature that have used static analysis. Second, to examine the dynamic feedback from performance to capital structure using the two-step system generalized method of moment estimator. Third, to explore the determinants or variables that influence capital structure choice of firms in Nigeria and the rate of adjustment to achieve optimal debt position. Fourth, to assess the possibility of non-monotonicity effect of capital structure on firm performance and non-monotonicity effect of performance on capital structure. The second chapter discusses the theoretical framework and review the empirical literatures on capital structure and firm performance. Also, the chapter review empirical literature on firm performance and capital structure as well as on determinants of capital structure. The study find much evidence in support of the theoretical prediction of the agency cost theory of capital structure. The stuudy observed that there are limited empirical studies on the franchise value and efficiency-risk hypotheses of reverse causality from performance to capital structure. The empirical literatures on determinants of capital structure suggests that both firm specific and country factors are important variables that drive capital structure choice of firms. The thrid chapter examines the methodology of the study. The population, sampling and sampling size, estimation methods were discussed in this chapter. The fourth chapter analysis and described the data employed in the study. Specifically, the results of the dynamic relationship between capital structure and firm performance were presented in this chapter. The results indicate that capital structure has non-monotonic effect on firm performance thereby supports the agency cost theory of capital structure. The fifth chapter provides results on the reverse causality between performance and capital structure. The findings indicate that there is reverse causality between performance and capital structure. This is evidence in the statistically significant negative finding between performance and capital structure. This finding support the franchise value hypothesis. The findings of this study also reveal that non-monotonic relationship exist between performance and capital structure. The sixth chapter provides results on the determinants of capital structure of Nigerian firms. The findings indicate that both firm specific variables (return on equity, risk, profitablity, age, size, tangibility, growth opportunities, dividend, ownership) and country variables (inflation, interest rates, credit to private sector as percentage of gross domestic product, institutional quality) jointly influence capital structure choice of firms in Nigeria. The findings equally indicate that firms in Nigeria adjust to their optimal debt target relatively faster with lower cost of adjustment because of better access to private debt that public debt. Conclusions from the empirical chapters indicate that firm specific and country factors are major determinants of capital structure of firms in Nigeria and that capital structure choice of firms influence their performance. Equally, there is evidence that indicate that there is reverse causality from performance to capital structure of firms. The study therefore contend that the agency cost theory of capital structure and franchise value hypothesis are portable in the Nigerian context. Full portability of these theories in emerging market like Nigeria may require modifications to accommodate specific peculiarities of operating and business environment of Nigeria.
5
Chakma, Bhaswar. "Using fractional regression models to analyse the determinants of capital structure and efficiency of european manufacturing firms." Master's thesis, Universidade de Évora, 2017. http://hdl.handle.net/10174/21052.
Full textAbstract:
Quando a variável dependente num modelo econométrico tem uma natureza
fraccionária, correspondendo a uma proporção ou taxa, o modelo
de regressão linear não é a forma mais indicada de modelar essa variável.
Em vez disso, deve usar-se o chamado modelo de regressão para dados
fraccionários, o qual tem em conta a natureza proporcional e limitada
da variável dependente. Esta dissertação descreve as principais características
deste modelo e realiza dois estudos empirícos que ilustram a sua
utilidade na área da Economia e Finanças. O primeiro estudo analisa
a estrutura de capital de empresas transformadoras de Portugal, Grécia,
França e Alemanha usando dados para os anos de 2007 e 2013. O objectivo
principal é analisar como é que a recente crise financeira, o tipo de
tecnologia utilizada (High-Tech ou Low-Tech) e a dimensão das empresas
(PME ou Grande) afectam os seus níveis de endividamento. Os resultados
mostram que as empresas High-Tech recorrem menos a dívida, que a crise
financeira afectou de forma significativa as decisões de financiamento das
empresas e que as PME passaram a usar menos dívida desde o início da
crise. O segundo estudo analiza os scores de eficiência das mesmas empresas,
compreendendo duas etapas. Na primeira, a metodologia de Data
Envelopment Analysis (DEA) é usada para obter os scores de eficiência.
Na segunda etapa, os modelos de regressão fraccionários são usados para
analisar esses scores. Os principais objectivos do segundo estudo são verificar
como é que a crise financeira, o tipo de tecnologia, a dimensão e o
país de origem afectam a eficiência das empresas. Os resultados mostram
que os dois primeiros factores não influenciam a eficiência, que as grandes
empresas são mais eficientes que as PME e que as empresas Gregas são
menos eficientes; Abstract:
Fractional regression models are e ective when the variable of interest appears in the form of proportion or
fraction or rate. In other words, use of fractional regression models becomes appropriate when the dependent
variable is de ned only on the standard unit interval. This thesis surveys fractional regression models, and
conducts two studies using these models. The rst study analyses capital structure of manufacturing rms
of Portugal, Greece, France, and Germany by using data from the years 2007 and 2013. It primarily tries
to nd how nancial crisis, use of technology (High-Tech or Low-Tech), and rm size (SME or large) a ect
rms' capital structure decisions. Results show that rms that use high technology comparatively take less
debts, nancial crisis a ects capital structure decisions signi cantly, and SMEs take less debt after crisis.
The second study analyses e ciency scores of rms using the same dataset. It has two stages. The rst stage
uses data envelopment analysis (DEA) to obtain e ciency scores. Then the second stage employs fractional
regression models to analyse those scores. The main aims of the second study are to nd how nancial crisis,
use of technology, rm size (SME or large), and country of origin a ect e ciency of rms. Results provide
evidence that nancial crisis does not a ect e ciency of rms, use of technology does not play any role in
explaining e ciency of rms, large rms more e cient than SMEs, and rms in Greece are comparatively
less e cient.
6
Bayeh, Antonio. "Trois essais en compétition bancaire et en titrisation des crédits au sein des banques commerciales." Thesis, Université Grenoble Alpes (ComUE), 2017. http://www.theses.fr/2017GREAG003.
Full textAbstract:
Cette thèse de Doctorat représente une première évaluation empirique des implications de l’interaction entre la compétition bancaire et la titrisation des crédits sur l’efficience, le risque, et la structure du capital des banques commerciales Américaines. Précisément, l’objectif principal de cette thèse de Doctorat est de répondre aux questions suivantes : 1) Quel est l’impact de la compétition et de la titrisation, séparément et conjointement, sur l’efficience bancaire ? 2) La titrisation réduit-elle le risque bancaire sous la pression de la compétition bancaire ? 3) Quelles sont les implications de l’interaction entre la compétition bancaire et la titrisation sur la structure du capital des banques commerciales Américaines ? Le développement de ces questions est motivé par la croissance rapide de la titrisation, par l’évolution de la compétition bancaire à travers diverses réglementations bancaires Américaines, par le débat en cours entre les partisans et les opposants à la compétition et la titrisation, et par le caractère novateur de ces sujets. Après la mise en œuvre de la méthode de score de propension, le premier chapitre suggère que la titrisation augmente significativement l’efficience bancaire mesurée par la méthode de frontières stochastiques (SFA). Cet effet positif est plus prononcé au sein des marchés bancaires compétitifs. Dans le deuxième chapitre, nous utilisons un modèle à effets fixes à partir duquel nous démontrons que la titrisation semble avoir un effet négatif sur le risque bancaire, particulièrement et de manière surprenante lors de la crise financière récente, mais uniquement si les banques titrisent fortement les crédits dans des marchés bancaires compétitifs. Le troisième chapitre démontre que la compétition bancaire pourrait être considérée comme un canal qui explique comment la titrisation influence, d’une manière significative, la structure du capital des banques commerciales Américaines. Nos enquêtes plus approfondies, introduites par la régression quantile, indiquent que les banques légèrement capitalisées, qui titrisent largement des crédits dans les marchés compétitifs, ont augmenté leurs divers ratios de capital, tandis qu’une réduction dans ces derniers est signalée pour les banques fortement capitalisées. En plus d’apporter des contributions empiriques, opérationnelles, managériales et politiques, cette thèse de Doctorat souligne l’importance d’établir une réglementation bancaire prudente sur la titrisation prenant en compte les réponses hétérogènes de la capitalisation bancaire, les différentes réactions des divers crédits titrisés, ainsi que l’effet extrêmement significatif de la structure du marché bancaire Américain<br>This PhD dissertation represents a first empirical assessment of the implications of the interaction between banking competition and securitization on efficiency, risk, and capital structure of US commercial banks United States. Precisely, the main objective of this PhD dissertation is to answer the following questions: 1) What is the impact of competition and securitization, separately and jointly, on bank efficiency? 2) Does securitization reduce bank risk under competitive pressure? 3) What are the implications of the interaction between competition and securitization on bank capital structure? The development of these questions is motivated by the rapid growth of securitization, the evolution of bank competition through various US bank regulations, the ongoing debate between proponents and criticizers of competition and securitization; and the novelty of these topics among academics and practitioners. After implementing a propensity score matching technique, the first chapter suggests that securitization significantly increases bank efficiency as measured by the Stochastic Frontier Approach (SFA). This positive impact appears to be more pronounced in competitive banking markets. In the second chapter, we use fixed-effects model through which securitization is found to have a negative impact on bank risk, particularly and surprisingly during the recent financial crisis, but only if banks highly securitize loans in competitive markets. The third chapter argues that banking competition could be considered a channel that explains how securitization significantly influences US commercial banks’ capital structure. Specifically, deeper investigations, introduced by the quantile regression, show that less-capitalized banks that highly securitize loans in competitive markets are more likely to increase their overall capital ratios, whereas a decrease in these ratios is reported for highly-capitalized banks. Providing several empirical and operational contributions as well as important managerial implications and policy recommendations, this PhD dissertation emphasizes the importance of considering a careful banking regulation on securitization that takes into account the heterogeneous responses of bank capitalization, the different reactions of various securitized loans, and the overall significant effect of US banking market structure
7
Silva, Tarcísio Pedro da, Michele Gonçalves, and Maurício Leite. "Eficiencia económica de las empresas tecnológicas latinoamericanas según su estructura de capital." Pontificia Universidad Católica del Perú, 2016. http://repositorio.pucp.edu.pe/index/handle/123456789/114886.
Full textAbstract:
The objective of this study is to analyze the economic efficiency of Latin American technology companies according to their capital structure. Therefore, we carried out a descriptive study, using documentary and quantitative evidence. The sample included Latin American companies in the technology sector in Thomson’s® database, from 2009 to 2013. The evidence shows that Brazilian companies had higher debt levels from 2009 to 2013. So, it seems that Brazilian companies use more third-party capital to finance their assets. Regarding the economic efficiency measured by an efficiency score obtained by the DEA,® according to capital structure, debt ratio and profitability, Brazilian companies have a lower economic efficiency compared to other Latin American companies.<br>El objetivo de este estudio es analizar la eficiencia económica de las empresas tecnológicas latinoamericanas según su estructura de capital. Para esto, se realizó una investigación descriptiva, documental y cuantitativa. La muestra incluyó a las empresas latinoamericanas en el sector tecnológico según la base de datos Thomson®, durante 2009 y 2013. Las evidencias demostraron que las empresas brasileñas tuvieron niveles altos de endeudamiento durante el periodo 2009-2013. De esta forma, se entiende que las empresas brasileñas utilizan mayor capital de terceros para financiar sus activos.En relación a la eficiencia económica, medida por el score de eficiencia obtenido por la DEA® a partir de la estructura de capital (nivel de endeudamiento e índices de rentabilidad), las empresas brasileñas muestran una menor eficiencia económica en comparación a las demás empresas latinoamericanas.<br>O estudo objetivou analisar a eficiência econômica das empresas de tecnologia latino-americanas de acordo com sua estrutura de capital. Para tanto, realizou-se uma pesquisa descritiva, por meio de pesquisa documental com abordagemquantitativa. A amostra compreendeu as companhias latino-americanas no setor de tecnologia da base de dados Thomson ®, no período de 2009 até 2013. As evidências demonstram que as empresas brasileiras apresentaram maior nível de endividamento no período de 2009 a 2013. Dessa forma, percebe-se que as empresas brasileiras utilizam um maior nível de capital de terceiros para financiar seus ativos. Em relação à eficiência econômica medida pelo score de eficiência obtido por meio do DEA®, a partir da estrutura de capital, medida pelo nível de endividamento e pelos índices de lucratividade, as empresas brasileiras apresentaram menor eficiência econômica em relação às demais empresas latino-americanas.
8
Yang, Fan, and Dongcan Wang. "Challenges and countermeasures of China's energy security." Thesis, Högskolan i Gävle, Avdelningen för bygg- energi- och miljöteknik, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-20547.
Full textAbstract:
To ensure energy security, the first to know what is energy, and second, what are the factors of non-security, means that the challenge of energy security. Finally, puts forward some policy or in the case of a reasonable method to solve it according to these problems. At present, energy security is facing two challenges of structural crisis and crisis management system. Concretely, main problems in that security are analyzed, which are considered to affect China and mostly embody in such four big areas as the great pressure in energy supply, the scarcity of relative energy resources, foreign oil dependence is too large, crisis management systems of energy security, the shortage of green energy. Furthermore the counter measures concerned are proposed, including saving energy and increasing the energy utilization rate, to establish strategic energy reserves, strengthening environmental protection and adjusting the primary energy structure. China's rapid economic growth lead to sharp increase in oil imports. Due to China relies on a single chokepoint, the Malacca Strait, which has caused a high degree of concern about the safety of its energy. Nearly three-quarters of its oil imports flowing through the Strait. In view of its strategic importance to China and China’s little sway on the waterway, this view is mainly focused on China’s energy demand and supply in two aspects of concern. The paper analysis of whether the current energy structure is appropriate and sustainable. Because the energy security is facing China's energy is more and more dependent on imported fuel and the need to convert energy to meet the demand of modern society and the rapid growth of the requirements of the economic challenges. Concludes that the China's new policy should focus on energy efficiency, energy saving, renewable energy and turned to the main energy source of natural gas.
9
Charpentier, Viktor. "Eliminating Cash; cash-free corporate liquidity : A study on the plausibility and efficiency of financial lean." Thesis, KTH, Skolan för industriell teknik och management (ITM), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-264127.
Full textAbstract:
This paper addresses the problem of a failing net debt approach; deposited funds rarely compensate the cost of debt. Venturing into operational credit facilities, the study evaluates the efficiency and feasibility of transitioning into fully cash-free liquidity management. The study takes a holistic approach and evaluates the research questions from the perspective of management through case studies on four smaller Swedish industrial firms. The study finds that there is substantial potential to free up capital; return on equity could have been boosted by an annual 5-10 percent including substantial one-off distributions. The study also concludes that Agency reasons are strong reasons for why firms are carrying material cash reserves. Through qualitative interviews, the study identifies several additional, but not less important, obstacles in the way of a full out cash-free transition. Most significantly, the financial system is not offering fully committed long term operational credit facilities and operating across different jurisdictions complicates the consolidation of liquidity. The study concludes that the matter would not have vast negative implications on real business activities, although further research would be required in regard to an extended debt overhang problem.<br>Uppsatsen kretsar kring den fallerande logiken med begreppet nettoskuld; tillgodohavanden på bank genererar sällan upp för kostnaden relaterad till motsvarande skuld. Med utgångspunkt i operationella kreditstrukturer utvärderas möjliga effektivitetsvinster och genomförbarheten av en fullständig övergång till kassa-fri likviditetshantering. Studien har ett holistiskt angreppssätt och utvärderar frågeställningarna från ett management-perspektiv genom fallstudier på fyra mindre svenska industriella bolag. Studien finner betydande möjligheter att frigöra kapital; årliga avkastningen på eget kapital hade kunnat öka med 5–10 procent och betydande engångsutdelningar hade varit möjliga. Studien finner vidare att agentteorin är en stark anledning till att bolag bär betydande kassapositioner. Genom kvalitativa intervjuer identifierar studien ytterligare, men ej desto mindre betydande, hinder för en kassa-fri övergång. Mest betydelsefullt, är att nuvarande finansiella system inte erbjuder för syftet fullgoda kreditstrukturer, samt det faktum att företag med verksamhet över olika jurisdiktioner upplever juridiska svårigheter med att konsolidera likviditet. Studien drar slutsatsen att en övergång inte skulle medföra betydande negativa konsekvenser för den operativa affärsverksamheten, men identifierar samtidigt att ytterligare studier skulle vara nödvändiga framförallt kring hur finansiella incitament kopplade till agent-teorins ’debt overhang’ skulle förändras vill en övergång till en fullt garanterad operationell kreditstruktur.
10
Månsson, Daniel, and Madelen Ghayadh. "Finansiell Bootstrapping : En flermetodsforskning inom ämnet Bootstrapping och dess tillämpande bland medel-stora till stora bolag." Thesis, Södertörns högskola, Institutionen för samhällsvetenskaper, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-37459.
Full textAbstract:
The aim of this investigative thesis was to further study the use of financial bootstrapping in medium to large sized enterprises. The thesis furthermore aimed to investigate if there are any prerequisite bootstrapping methods used in correlation to annual turnover, industry as well as to conduct research to whether enterprises are aware of their current use of financial bootstrapping. The study can conclude that financial bootstrapping is used among medium to large sized enterprises. Furthermore, the study can also conclude that there exists a correlation between desired bootstrapping methods used and annual turnover. A correlation to the current lifecycle phase currently presided in, in regard to a specific financial bootstrapping method used could not be solely concluded as well as industry-based preferences in regards to specific bootstrapping methods could not be established. The thesis overall conclusion is that further research is needed to conclude if there exist any industry-based preferences towards usage of specific bootstrapping methods, as well as further research should be aware of problems this study has identified in order to better prepare future study in the aimed field.<br>Syftet med studien var att undersöka tillämpandet av finansiell bootstrapping bland medelstora och stora bolag. Studien ämnade även att vidareutforska huruvida det råder omsättnings & branschspecifika bootstrappingsmetoder samt förtydliga om det återfinns företag som själva inte framhäver sitt tillämpande. Resultaten visade att finansiell bootstrapping tillämpas bland medelstora och stora bolag samt att det råder vissa omsättningsspecifika bootstrappingsmetoder. Slutsatsen är att trots gynnsamma resultat krävs det vidareforskning inom ämnet för att ytterligare kunna påvisa branschspecifika bootstrappingsmetoder som dessutom kan generaliseras till en bredare population. Forskarna kan även konkludera att det krävs ett beaktande till rådande problematik denna studie påträffat för att öka framtida validitet ytterligare i genomförda studier.
Books on the topic "Structure Capital efficiency (SCE)"
1
Central Bank of Nigeria. Research and Statistics Dept. Real Sector & Financial Analysis Sector Divisions. and Central Bank of Nigeria. Research and Statistics Dept., eds. Capital market dynamics in Nigeria: Structure, transaction costs and efficiency, 1980 - 2006. The Bank, 2007.
Find full text
2
Sandberg, William R. New venture performance: The role ofstrategy and industry structure. Lexington Books, 1986.
Find full text
3
Novaes, Walter. Capital structure choice when managers are in control: Entrenchment versus efficiency. National Bureau of Economic Research, 1995.
Find full text
4
Razin, Assaf. Capital flows with debt- and equity-financed investments: Equilibrium structure and efficiency implications. International Monetary Fund, Research Department and Fiscal Affairs Department, 1998.
Find full text
5
Capital market dynamics in Nigeria: Structure, transaction costs and efficiency, 1980 - 2006. The Bank, 2007.
Find full text
6
Sadka, Efraim, Assaf Razin, and Chi-Wa Yuen. Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications. International Monetary Fund, 1998.
Find full text
7
Sadka, Efraim, Assaf Razin, and Chi-Wa Yuen. Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications. International Monetary Fund, 1998.
Find full text
8
Sadka, Efraim, Assaf Razin, and Chi-Wa Yuen. Capital Flows with Debt- and Equity-Financed Investment-Equilibrium Structure and Efficiency Implications. International Monetary Fund, 1998.
Find full text
9
Chen, Ying. An Empirical Examination of the Valuation Effect of Capital Structure, Earnings Quality, and Operating Efficiency on Firms in the Hotel Industry. Dissertation Discovery Company, 2019.
Find full text
10
Chen, Ying. An Empirical Examination of the Valuation Effect of Capital Structure, Earnings Quality, and Operating Efficiency on Firms in the Hotel Industry. Dissertation Discovery Company, 2019.
Find full textBook chapters on the topic "Structure Capital efficiency (SCE)"
1
Fernandes, António, Clara Bento Vaz, and Ana Paula Monte. "Efficiency and Capital Structure in Portuguese SMEs." In Operational Research. Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-71583-4_8.
Full text
2
Floreani, Josanco, Maurizio Polato, Andrea Paltrinieri, and Flavio Pichler. "Value Creation Drivers in European Banks: Does the Capital Structure Matter?" In Liquidity Risk, Efficiency and New Bank Business Models. Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-30819-7_9.
Full text
3
Brusov, Peter, Tatiana Filatova, and Natali Orekhova. "Whether It Is Possible to Increase the Investment Efficiency, Increasing Tax on Profit Rate? An Abnormal Influence of Growth of Tax on Profit Rate on the Efficiency of the Investment." In The Brusov–Filatova–Orekhova Theory of Capital Structure. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-27929-4_21.
Full text
4
Brusov, Peter, Tatiana Filatova, and Natali Orekhova. "The Analysis of the Exploration of Efficiency of Investment Projects of Arbitrary Duration (within Brusov–Filatova–Orekhova Theory)." In The Brusov–Filatova–Orekhova Theory of Capital Structure. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-27929-4_19.
Full text
5
Hallett, Andrew Hughes, and Christian Richter. "On the Efficiency of Capital Markets: An Analysis of the Short End of the UK Term Structure." In Financial Econometrics Modeling: Derivatives Pricing, Hedge Funds and Term Structure Models. Palgrave Macmillan UK, 2011. http://dx.doi.org/10.1057/9780230295209_8.
Full text
6
Thanh, Nguyen Dinh Son. "Impacts of Corporate Capital Structure on Business Efficiency of Real Estate and Construction Firms Listed on the Vietnam Stock Exchange." In Proceedings of the 4th International Conference on Research in Management and Technovation. Springer Nature Singapore, 2024. http://dx.doi.org/10.1007/978-981-99-8472-5_59.
Full text
7
Le Hoang, Thi Hong, Thuy Duong Phan, and Thi Thanh Hoang. "Capital Structure, Financial Risk, and Operational Efficiency: Evidence of Firms in the Food and Beverage Industry Listed on the Vietnam Stock Market." In Proceedings of the 4th International Conference on Research in Management and Technovation. Springer Nature Singapore, 2024. http://dx.doi.org/10.1007/978-981-99-8472-5_3.
Full text
8
Goel, Cheenu, and Jasleen Kaur. "Systematic Literature Review of Supply Chain Finance." In Advances in Marketing, Customer Relationship Management, and E-Services. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-6133-4.ch016.
Full textAbstract:
Supply chain finance (SCF) is concerned with capital flows throughout a supply chain, an area that has been overlooked in previous decades. Supply chain finance (SCF) is a proven way for lowering financing costs and increasing finance efficiency. The purpose of this research is to look at the most important aspects of supply chain financing that have recently emerged. To map the knowledge structure of this topic, SLR and network analysis on SCF were conducted. In order to perform this systematic review, a sample of 1086 papers from 2000-2021 were gathered from data sources such as Proquest using search terms. The most often occurring terms in the title and author keywords were determined using Knime Analytics software. Relevant networks were built with the use of Vos viewer to locate prominent nations where research in the connected subject is being conducted, and keyword co-occurrence, authors, journals, countries, and year-wise data were retrieved.
9
Perotti, Enrico, and Ernst-Ludwig von Thaooen. "Investor Dominance and Strategic Transparency: On the Role of Corporate Governance for Product and Capital Market Competition." In Corporate Governance Regimes. Oxford University PressOxford, 2002. http://dx.doi.org/10.1093/oso/9780199247875.003.0016.
Full textAbstract:
Abstract The recent literature on the comparative advantages of different corporate governance models is an exciting area for competing ideas. Much attention has been dedicated to the comparison between the effectiveness of shareholder control over delegated monitoring by lenders. The debate over the comparative information efficiency of the two governance structures is particularly interesting. On the one hand, Diamond (1984) has argued that information gathering may be best delegated to intermediaries to avoid duplicating efforts. On the other hand, the market microstructure literature has emphasized the importance of decentralized market trading to support information collection (sec e.g. Holmstrom and Tirole 1993).
10
Ika, Siti Rochmah, and Ari Kuncara Widagdo. "Ownership Structure and Intellectual Capital Performance." In Corporate Leadership and Its Role in Shaping Organizational Culture and Performance. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-5225-8266-3.ch010.
Full textAbstract:
The objective of this study is to examine the impact of ownership structure on intellectual capital performance. Ownership structure used in this study consists of family control, government ownership, and foreign ownership. Family control was measured by two proxies, namely the number of shares owned by a family and the presence of family on the boards. Meanwhile, this study uses the Value-Added Intellectual Coefficient to measure intellectual capital performance. Ninety-two bank observations listed on the Indonesia Stock Exchange in the period 2013-2016 are used as a sample. Results of panel data regression indicate that the number of shares owned by the family positively associated with VAIC, on the other hand, the presence of families on the boards has no association with IC performance. The result indicates that a high degree of family ownership is likely to encourage managerial incentives to improve value creation activities. Government ownership and foreign ownership are also found to have a positive association with IC performance indicating that state-owned banks and foreign-owned banks in Indonesia tend to focus their attention more towards activities that can increase value creation than privately owned and domestic owned banks. This research provides insight into the role of the business owner to the capital market regulator in scrutinizing the efficiency of value creation activities.
Conference papers on the topic "Structure Capital efficiency (SCE)"
1
Rustandi, Andi, Johny W. Soedarsono, and Budi Susilowati A. Soedarsono. "Correlation Efficiency of Sacrificial Anode Al-Zn-In toward Movement of Polarization Curve Using Potentiodynamic Method." In CORROSION 2005. NACE International, 2005. https://doi.org/10.5006/c2005-05077.
Full textAbstract:
Abstract The development of oil and gas exploration in deep water area with the depth of more than 1000 feet (300 m) requires more efficient and reliable protection design to preserve high cost offshore building structure. Cathodic protection system of Aluminum sacrificial anode is assumed to be sufficient to protect offshore structure in deep water area. One of the important parameters in assuring working quality of Al anode is the efficiency of its anode, performance of anode to contribute the maximum protection current in order to protect the structure. This study focusing on the test of efficiency sacrificial anode Al-Zn-In refers to standard of NACE TMO 190-98 Item No. 21221 concerning Impressed Current Laboratory Testing of Aluminum Alloy Anodes, especially Hydrogen Evolution Method, and its result will be associated with the electrochemical test using potentiodynamic method. The aim of this study is to determine the relation between efficiency with polarization curve, corrosion potential of anodes, and mixing potential to predict the protection potential of steel in sea water. Investigated anode samples which have various alloy composition represent efficiency of anode ranging approximately from 60% to 90%. The result of this study indicates that efficiency of anode has opposite comparison with collected hydrogen volume. Anode which has highest efficiency, 94.2%, only has the average of collected hydrogen volume of 16.1 mL, while anode that has lowest efficiency, 63.8%, has the average of collected hydrogen volume of 148.4 mL. Furthermore, efficiency has significant influence in the movement of polarization curve, corrosion potential of anode, and mixed potential of protected steel in synthetic seawater. The mixed potential obtained from superimposed of cathodic polarization curve of steel and anodic polarization curve of anode can be used to predict the maximum protection potential of steel that using Al-Zn-In sacrificial anode. If a protection potential of steel can be examined, then the corrosion rate that structure can also be determined using the intersection of steel anodic extrapolated curve at the protection potential. The aluminum anode which has efficiency 94.2% can give a maximum protection potential of the structure - 0.952 Volt vs SCE, while the anode which has efficiency 63.8% can give a maximum potential −0.866 Volt vs SCE. Although the actual protection potential of protected steel would be more positive than the mixed potential due to ohmic voltage drop, it could be employed as a prediction for designing cathodic protection system using sacrificial anode.
2
Digambar J., Kadbhane, and Mahendrakar Avinash Y. "A Case Study of Design & Construction Challenges in Ranchi Elevated Structure Project, India." In IABSE Congress, San José 2024: Beyond Structural Engineering in a Changing World. International Association for Bridge and Structural Engineering (IABSE), 2024. https://doi.org/10.2749/sanjose.2024.1257.
Full textAbstract:
<p>The rapid growth of Ranchi, the capital city of Jharkhand, India reflects the state's development across employment, tourism, shopping, education, and healthcare sectors. However, this growth has strained the city's roads, unable to cope with increasing traffic. The obstacles are multifaceted. The proposed roads are crisscrossed with utility installations, raising the risk of interference with any proposed groundwork. Moreover, the ongoing flow of vehicular traffic impedes the movement of construction equipment. The objective of this paper is to elucidate the design concept and construction procedure for an elevated corridor, a project that the authors are currently involved with. The incorporation of innovative designs and contemporary construction techniques can greatly enhance the efficiency, sustainability, and overall quality of a project. These advancements often lead to quicker construction timelines, cost savings, and improved functionality.</p>
3
Lee, Michael J. "Invest in Adhesive Dispensing to Reduce Design, Capital, and Operational Costs." In WCX SAE World Congress Experience. SAE International, 2023. http://dx.doi.org/10.4271/2023-01-0605.
Full textAbstract:
<div class="section abstract"><div class="htmlview paragraph">Leveraging the increased use of Structural Adhesive in Automotive Body Structure Design has many proven benefits. It is a well-known method used to enable weight reduction in vehicle design and can also drive more efficient structural performance during dynamic safety events. This is increasingly important as vehicle safety standards increase, and as vehicle mass increases due to electrification. Often the benefits of adhesive use are not fully optimized due to unnecessary design redundancies or process driven redundancies. Design redundancy; using both welds and adhesive, is often included because government safety regulations require very robust validation of structures, and when combined with the use of Process Quality Control methods such as Batch Control and Sampling, can infer confidence in the design and process, but don’t ensure it. This paper proposes a different and unique approach to Product Design and Process Control, which will create an opportunity to eliminate redundancy, and can unlock significant design and process operational and capital cost savings. To truly ensure Quality Control of the structural adhesive bead, real-time verification along with Adaptive Process Control (APC) of the dispensing process is required. With fully guaranteed quality, design redundancies can be eliminated, and the design and processes can be concurrently optimized. The commitment to APC technology must happen very early in the Program, to enable an early focused design optimization effort to minimize the number of spot welds while maximizing structural adhesive use. Too often, the decision to invest in enabling technology in the manufacturing process, is made without considering design optimization. Also, the high-level decisions that can enable capital investment and operating cost savings are often caught in complex organizational finance processes. APC technology and equipment is purchased by Manufacturing entities, but without the confirmed product variable cost savings being identified early enough, the capital expenses won’t be justified or approved. This paper seeks to unravel that Catch-22 issue. Very few vehicle manufacturers are taking this pro-active step to commit to the use of APC technology in dispensing early in a vehicle program. Most OEM manufacturers design products in a very serial development process, design, tool, produce; with limited synergy due to the very rapid design cycle. They are missing a readily available opportunity to eliminate sub-optimization, added cost, added labor, and redundancy. To accomplish full efficiency and optimization, requires very close and early collaboration between the product design engineers and manufacturing engineers, and cross-organizational agreement.</div></div>
4
Wessling, S., M. Forshaw, A. Manseth, et al. "Validating Rig Control Services for Commissioning: Comprehensive Field Test Validation to Gain End User Acceptance." In SPE/IADC International Drilling Conference and Exhibition. SPE, 2025. https://doi.org/10.2118/223683-ms.
Full textAbstract:
The oil and gas industry is at a pivotal moment, driven by macroeconomic pressures to enhance efficiency and reduce costs. According to a report by McKinsey & Company, digital technologies could reduce upstream capital expenditures (CAPEX) by 20%, potentially unlocking over $100 billion in value globally each year [1]. Similarly, a study by the Boston Consulting Group (BCG, see [2]) found that the adoption of automation and digital tools in drilling operations can reduce drilling costs by up to 15% and improve well delivery time by as much as 30%. The International Association of Drilling Contractors (IADC) further reports that drilling automation can reduce non-productive time (NPT) by up to 35%, directly contributing to cost savings and operational efficiency [3]. Well-documented case studies provide tangible evidence of the potential gains from digital transformation in drilling operations, further fueling industry appetite for these technologies. The consistent successes outlined in these studies demonstrate that the high-value savings projected by McKinsey, BCG, and others are not only aspirational but achievable. This growing body of real-world data reassures stakeholders that the anticipated CAPEX reductions and efficiency improvements are realistic and within reach. Consequently, there is strong momentum across the industry to embrace these innovations, as the recoverable value in well construction becomes increasingly apparent. Despite the promising results, pinpointing exactly which micro-KPIs (key performance indicators) are impacted by specific digital tools remains challenging. Complex interactions within digital ecosystems make it difficult to isolate the contributions of individual technology components, complicating the evaluation process. This highlights the need for a robust framework to assess and quantify the impact of specific innovations on overall performance metrics in well construction. Moreover, implementing these "system of systems" solutions often involves a collaborative, multi-organizational approach. In these cases, both the technology stack and the end-user base are distributed across multiple organizations, each with unique processes and standards. This distributed structure amplifies the challenges associated with managing change, as alignment across diverse stakeholders is crucial for successful implementation and sustained user adoption. Unlike deployments within a single organization, multi-organizational projects require a more rigorous and structured management of change (MOC) process to ensure smooth integration and minimize risks associated with system interoperability.
5
Rau, Irfan Taufik, Henricus Herwin, Bhayu Widyoko, and Iswahyuni Fifthana Hayati. "Comprehensive Strategies to Maximising Value of Late Life Assets: Lessons Learned from Mahakam Block." In SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition. SPE, 2021. http://dx.doi.org/10.2118/205690-ms.
Full textAbstract:
Abstract Mahakam Block has been in operation for nearly half a century with cumulative production of approximately 20 trillion cubic feet of gas and 1.5 billion barrels of oil. Mature field challenges have become more evident as portrayed by declining production, more complex surface constraints, more challenging profitability of new projects and decreasing resources of new wells, which are also exacerbated by external factors such as volatility of oil and gas prices. Despite the aforementioned challenges and complexity in terms of operating numerous fields with different characteristics, Mahakam is currently still one of the biggest producing blocks in Indonesia. The success of sustaining production and prolonging the life of Mahakam is the result of continuous innovations, improvements and optimizations on various aspects over the years. Subsurface innovative ideas by restudying and redefining geological concepts has led Pertamina Hulu Mahakam (PHM) to drill step-out wells in Handil, Tunu, South Mahakam and Sisi Nubi fields that deliver positive results and open new opportunities. In the non-subsurface aspect, Indonesia's first Plan of Development that combines higher and lower value projects across fields called OPLL (Optimasi Pengembangan Lapangan-Lapangan) was initiated in order to develop fields with marginal value and to achieve economy of scale. Moreover, Capital Expenditure (CAPEX) optimization through evolution of platform design, well architecture and sand control method is crucial for exploitation of targets with lower resources over time. PHM has also launched CLEOPATRA (Cost Effectiveness and Lean Operations in Mature Asset), later renamed to LOCOMOTIVE-8 (Low Operations Cost of Mahakam to Achieve Effectiveness and Efficiencies), to achieve Operating Expenditure (OPEX) efficiency through various initiatives driven by each entity. Due to cost of money, budget accuracy is as important as expenditures reduction meaning that more detailed and deterministic budget estimation is necessary. In addition to optimizing cost structure, PHM strives to carry out gas commercialization efforts to improve revenue streams. In this rapidly changing era, especially for Mahakam, paradigm shift becomes highly critical. Changes in the structure and size of organization is essential to adjust with business dynamics. Adaptive organization structure is performed through digitalization and competency improvement to reduce repetitive tasks and increase productivity per capita. Cooperation between neighboring companies brings mutual benefit by sharing rig, transportation means, and pipeline network systems. Mutual benefit opportunity is also available between the company and Indonesian government by amendment of fiscal terms with the aim to enable the execution of sub-economic projects. Ultimately, one effort alone may be insignificant, but the combination of all of the efforts will be the key to the continuation of Mahakam story.
6
Ivanov, A., Ya Dzhaginyan, Tatyana Bezrukova, and Anatoliy Shtondin. "EFFICIENCY OF LEVERAGED CAPITAL RAISINGMODERN." In Manager of the Year. FSBE Institution of Higher Education Voronezh State University of Forestry and Technologies named after G.F. Morozov, 2022. http://dx.doi.org/10.34220/my2021_75-81.
Full textAbstract:
Making calculations on operational and financial leverage is the main tool for justifying the need for borrowed funds of financing, the positive and negative effects of financial leverage are studied. The dynamics of the structure of the borrowed capital of the enterprise is given, an objective assessment of the current state of the enterprise is given. The article discusses the need to implement the results of financial leverage to make optimal management decisions.
7
Tang, Lei, Xifan Wang, Can Dang, Weijun Teng, Shenquan Liu, and Pengwei Sun. "The electric power source structure optimization based on capital investment efficiency." In 2016 IEEE 11th Conference on Industrial Electronics and Applications (ICIEA). IEEE, 2016. http://dx.doi.org/10.1109/iciea.2016.7603840.
Full text
8
Devi, R. Uma, S. Fakrulla, and A. Amruth Prasad Reddy. "Working capital structure and efficiency of select cement companies in India." In THE 6TH INTERNATIONAL CONFERENCE OF ICE-ELINVO 2023: Digital Solutions for Sustainable and Green Development. AIP Publishing, 2025. https://doi.org/10.1063/5.0247985.
Full text
9
Kim, Yeong Jun, and Chang hee Kim. "The Impact of Capital Structure on the Profitability Efficiency of ICT firms." In 2021 21st ACIS International Winter Conference on Software Engineering, Artificial Intelligence, Networking and Parallel/Distributed Computing (SNPD-Winter). IEEE, 2021. http://dx.doi.org/10.1109/snpdwinter52325.2021.00036.
Full text
10
Mohamed Najib, Mohamed Aiman, Yong Ken Phoon, Wan Fatimah Wan Shamshudin, Shazana Sofia Mustapa, Aizuddin Khalid, and Yunus Alwi Yusof. "Limbayong: Decoding Industry Top Decile Reservoir Complexity for Marginal Deepwater Development." In SPE Annual Technical Conference and Exhibition. SPE, 2022. http://dx.doi.org/10.2118/210079-ms.
Full textAbstract:
Abstract PETRONAS Carigali (PCSB) has developed a solution to monetize industry top decile worth reservoir complexity in the deepwater environment via Limbayong field, Malaysia. The field complexity is acknowledged by Independent Project Analysis (IPA) as industry top decile reservoir complexity due to severe elongated structure (30km length, 2.5km width) with varying faults frequency, vertical intercalation of thin-bed, thick sand reservoir and lateral compartmentalization which impend effectiveness of well drainage and pressure maintenance. The four (4) appraisal wells result since 2002 give diverse subsurface understanding, indicated possible different depositional model and greater degree of complication. This paper describes the key development challenges and strategies that significantly improve the field value proposition for FID. PCSB pivoted to focus assessment on low realization case for development. It generated advanced reservoir mapping to simulate sand distribution and concentration through incorporated faults re-interpretation, refined grid resolution, and change of facies prediction, increasing the stratigraphic compartments. The team performed integrated subsurface-surface flow assurance modeling and validated turndown limit for production and operation. Subsequently, iterated concepts for incremental reservoir recoverable by high-grading producer-injector pairing, wells-facilities design provision for a base, upgrade, or future tie-in. The team formulated industry collaboration (IC) studies in each FEL phase with drivers for deepwater technology enablers implementation in EPCIC primarily via concept selection, engineering standardization, and design competition. Each distinct concept is ratified with project economics group value chain evaluation and stakeholders’ alignment. The breakthrough signifies merit in the key strategies and templates to overcome similar-scale project complexity with viable business cases. The IC affirmed cost proposition of 20 to 30% lower than industry average for deepwater wells and facilities, ensuring it to be positioned in top quartile project performance. It re-defined minimum technical design and demonstrated a prominent value trade-off for scaling-up concepts. It drives momentum to monetize high complexity reservoirs even further in the deepwater environment, which otherwise remains undeveloped. There is potential for replication throughout nearly 800MMboe scattered fields within deepwater offshore Sabah, Malaysia. Deepwater offshore has a niche role in bridging global transition between energy mix offering and net-zero economy target. It produces among the industry's smallest carbon footprints yet with high economic efficiency. Consolidated and efficient development strategies accelerate the decarbonization pathway. It advocates a hybrid capital project management model to manage extreme uncertainties with design thinking, lean startup, and agile approach.
Reports on the topic "Structure Capital efficiency (SCE)"
1
Novaes, Walter, and Luigi Zingales. Capital Structure Choice when Managers are in Control: Entrenchment versus Efficiency. National Bureau of Economic Research, 1995. http://dx.doi.org/10.3386/w5384.
Full text
2
Barreix, Alberto Daniel, Jerónimo Roca, and Fernando Velayos. Quo Vadis Income Tax?: Towards the PIT-CA. Inter-American Development Bank, 2017. http://dx.doi.org/10.18235/0007979.
Full textAbstract:
The income tax system has prevailed for more than 200 years. Its capacity to adapt to cultural, economic, political, and social change has made it the greatest raiser of revenue in human history. The 2008 financial crisis and its consequent fiscal crises brought about fundamental administrative changes, notably a greater impulse toward tax transparency. Those changes offer a challenge and an opportunity for the modification of income tax’s design. Financial systems in the developed countries, which needed huge bailouts in a context of widespread insecurity (intervention in banks and insurance companies, plunges in stock markets), ran the risk of losing the competitive advantages stemming from their institutional and regulatory stability. Sovereign debt thus grew dizzyingly as fiscal stimulus initiatives sought to recapitalize capital markets, matched by mounting social disquiet about high unemployment and the acceleration of income concentration. Thus, there was a convergence of interests among States and civil society to put an end to tax opacity. International cooperation commitments on automatic information exchange, more precise determination of business profits in each of the countries involved in the base erosion and profit shifting (BEPS) project, and knowledge of the beneficial owner, not only help curb tax evasion and avoidance but also make possible changes in tax policy. This study proposes a new form of income tax based on such administrative changes. It suggests a comprehensive personal income tax that covers all of a taxpayer’s worldwide income on an accrual basis (PIT-CA), with the corporate income tax that complements it in its functions as a policy instrument, tax control, and revenue advance (withholding) of the PIT-CA itself. The proposed tax covers a taxpayer’s entire global income, without exception, which is levied on an accrual basis and is fully integrated with corporate income tax. An individual’s final tax treatment will be that of the taxpayer’s country of residence, and therefore any moves designed to secure a lower tax at source will serve little. In our view, this architecture will make it possible to boost the tax’s revenue, efficiency, equity, simplicity, and “coordinability” relative to current models. There is no doubt that the structure of income tax must be modernized in the new circumstances, and this study seeks to contribute to that process.
3
Financial Stability Report - First Half of 2023. Banco de la República, 2024. http://dx.doi.org/10.32468/rept-estab-fin.sem1.eng-2023.
Full textAbstract:
Banco de la República’s main goal is to preserve the purchasing power of the currency in coordination with the general economic policy that is intended to stabilize output and employment at long-term sustainable levels. Properly meeting the goal assigned to the Bank by the 1991 Constitution critically depends on preserving financial stability. This is understood to be a general condition in which the financial system channels domestic savings and evaluates and manages the financial risks in a way that facilitates the performance of the economy and efficient allocation of resources while, at the same time, it is able to, on its own, absorb, dissipate, and mitigate the appearance of risks that may arise as a result of adverse events. Banco de la República’s Financial Stability Report provides a diagnosis of the financial system’s and its debtors’ recent performance and indicates the main risks and vulnerabilities that could have an effect on the stability of the Colombian economy. The objective is to share this information with the financial market participants and the public and encourage public debate on trends and risks that affect the system. The results presented here also serve the monetary authority as a basis for making decisions that will enhance financial stability. The analysis presented in this edition of the Report makes it possible to conclude that the Colombian financial system has liquidity and capital adequacy levels that are not only above those required by internationally accepted parameters but would even be sufficient to face the occurrence of extreme low-probability risks. In particular, during the last six months, the aggregate capital adequacy of credit institutions rose 22 basis points and reached 18.1% in February 2023. The liquidity coverage ratio indicator and the net stable funding ratio, in turn, were 202.0% and 111% and thus well above the regulatory minimums of 100%. The period of analysis in this Report includes the period of stress that occurred in the U.S. regional bank segment and at Credit Suisse and caused nervousness regarding possible risks to global financial stability. The characteristics and risks that generated problems in those entities are analyzed in this Report and the Colombian financial system is evaluated considering different sources of vulnerability. Some characteristics that protect the Colombian financial system are: (i) a cautious balance sheet structure on both the asset and liability sides of the entities; (ii) the widespread practice of valuing the investment portfolio at market prices, and (iii) the appropriate management of liquidity risk. In line with a higher interest-rate scenario and a slowdown in local economic activity, the credit growth rate has slowed down in recent months while there have been signs of deterioration in the loan portfolios. Credit, which had been exhibiting excessively high growth levels last year, especially in the consumer category, has slowed down while past-due and risky loans have rebounded. This is also driven mainly by the consumer portfolio which is reflecting the growth in risks assumed by financial institutions in previous quarters. In spite of the lower portfolio performance seen currently and projected for the future, the high level of household indebtedness in Colombia, especially in the consumer segment, continues to be considered a source of vulnerability for the Colombian financial system as was the case in the previous edition of this Report (see section 2.2.1). Nevertheless, the financial system continues to reflect soundness and stability: credit institutions (CIs) are keeping liquidity and capital adequacy indicators well above the minimums established by regulation while nonbanking financial institutions (NBFIs) have registered an increase in their profits.The adjustments in the monetary policy stance since September 2021, the effect of the macroprudential measures implemented by the Office of the Financial Superintendent of Colombia (FSC) at the end of last year associated with a higher requirement in terms of loan loss provisions, and stricter conditions in the allocation of loans by CIs are behind the projection of a loan portfolio growth rate that is likely to continue declining in the coming months. In compliance with its constitutional objectives and in coordination with the financial system’s security network, Banco de la República will continue to closely monitor the outlook for financial stability at this juncture and will make the decisions necessary to ensure the proper functioning of the economy, facilitate sustainable flows of sufficient credit and liquidity funds, and further the smooth functioning of the payment system.