Dissertations / Theses: 'Village Financial Management Performance'

1

Maren, Vanessa <1997&gt. "Diversity Management impact on financial and non-financial organizations’ performance." Master's Degree Thesis, Università Ca' Foscari Venezia, 2022. http://hdl.handle.net/10579/21875.

Full text

Abstract:

The purpose of this thesis is to discuss the Diversity Management strategy applied inside the context of an organization. The concept of diversity is in fact always more relevant in a multicultural and globalized society like the one in which we live today, that represents diverse cultures, values, conditions and ways of thinking characterizing the population. For this reason, the objective of the discussion is to understand how to implement a good diversity strategy in order to value differences and to create inclusiveness in the workplace between employees; and secondly to understand if there is effectively an impact in term of business performance given by the valorization of these differences. The analysis is principally focused on the development and implementation of the Diversity Management strategy and then on the measurement of the impact given by the strategy in term of business performance. Performances in this sense are considered both as financial and non-financial performance, due to the social function that every organization has in the context in which it is located. The commitment in themes like diversity in fact give the possibility to achieve fundamental results, encouraging equal education, equal economic condition and opportunities between people, endorsing institutional policies and regulations, underling in this way the corporate responsibility related to social sustainable goals. This aspect could be a challenge and an occasion to organizations in order to improve their value and their outcomes. Consequently, the second chapter of the thesis is concentrated on the importance given by the communication about Diversity Management practices and results, in particular considering the non-financial reports and the Corporate Social Responsibility, which affect stakeholders’ perception, and in particular customers, investors and employees’ reputation. In this part, a relevant role will be done to the development of a communication framework useful to link Diversity Management to Sustainable Development Goals and the measurement of relative results. Finally, the last part of the thesis is instead focused on business cases, analyzing the way in which companies develop Diversity Management Strategy, the way in which they communicate their objectives and results and which are effectively the outcomes obtained by the strategy.

APA, Harvard, Vancouver, ISO, and other styles

2

Vangneur, Kathryn Otto. "Financial performance measurement effects on hierarchical consistency and performance." Thesis, London Business School (University of London), 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.339007.

Full text

APA, Harvard, Vancouver, ISO, and other styles

3

Schuster, Joel D. "Business aircraft investment and financial performance." Thesis, Capella University, 2015. http://pqdtopen.proquest.com/#viewpdf?dispub=3714060.

Full text

Abstract:

This research was an attempt to replicate, yet expand previous empirically supported, qualitative gray literature research conducted by NEXA (2010). The primary difference between this study and the NEXA study is adding significance testing in a quantitative study, to substantiate previously reported positive organizational financial performance associated with business aircraft investment. The outcome contradicted the previous study by providing evidence there were no significant differences in financial performance between those companies that own business aircraft and those companies that do not. The sampling populations were collected from publicly available data through a Federal Aviation Administration (FAA) aircraft registry and Securities and Exchange Commission (SEC) / Edgar database for the Standard and Poor’s (S&P) 600 Small Capitalization (SmallCap) Index funds. The research utilized the Andersen (2001) Utilization strategies, Benefits, and shareholder Value (UBV) conceptual framework. The dependent variables of Earnings Before Income Tax, Depreciation and Ammoritization (EBITDA), Revenue Growth, Return on Equity (ROE), and Return on Assets (ROA) financial indicators and ratios were applied to test the significant differences between the independent variables of companies that own business aircraft versus companies that do not own business aircraft. The breadth of associated costs when contemplating investment in business aircraft goes well beynd the initial cost of the aircraft itself and was not covered in this study. Depending on the strategic objective and intended use of a business aircraft, ownership involves an additional and significant investment in infrastructure and back office support, segregated by direct and indirect costs. In order to help define the future roles of business aircraft, the industry as a whole must create a synchronous and performance based public face that emphasizes the broad collection of the multi-dimensional and positive, technological, economic, and regulatory, political, and social dynamic contributions. Moreover, with financial indicators demonstrating positive value, productivity, and performance separation between business aircraft ownership from non-ownership, coupled with the internal as well as external drivers influencing financial results, the public face of business aviation and its aircraft should be one of the top investment decisions for future sustainability and competitive advantage.

APA, Harvard, Vancouver, ISO, and other styles

4

Ajwala, Awuor. "Corporate Governance Strategies to Support Financial Performance." ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5963.

Full text

Abstract:

The insurance industry continues to experience financial scandals despite increasing pressure to integrate sound governance practices. The purpose of this multiple case study was to explore the corporate governance strategies insurance business leaders used to support financial performance. The targeted population consisted of 7 business leaders from 7 insurance companies in Austria who have used corporate governance strategies successfully to support financial performance. The conceptual framework of this study was the agency theory. Data for the study were gathered from face-to-face semistructured interviews and a review of company documents. The data were analyzed using Yin's 5 nonlinear interlinked steps for assembling, disassembling, reconvening, inferring, and formulating conclusions. Three themes emerged from the data analysis: the need for a robust risk-management system, effective internal control mechanisms, and consistent application and compliance with corporate governance principles and regulations. The implications for positive social change include the potential for business leaders in the local community to restore confidence in the stability and financial performance of the insurance industry by establishing corporate governance structures with a robust risk-management system and processes that support transparency and accountability.

APA, Harvard, Vancouver, ISO, and other styles

5

Siddle, Richard. "Active share, fund style and performance." Master's thesis, University of Cape Town, 2014. http://hdl.handle.net/11427/13300.

Full text

Abstract:

Includes bibliographical references. The South African unit trust industry was found to display low levels of Active Share compared to international levels. A sample of unit trusts, representing approximately 58.2% of assets under management in the South African general equity fund industry, was selected based on the availability of the information necessary to perform this analysis. The average Active Share demonstrated by the sample of unit trusts has decreased from 60.85% in June 2007 to 55.65% in June 2013. A fund flow analysis confirmed that fund managers' portfolio decisions are highly affected by the risk of outflows and possibility of inflows. Managers faced with a high risk of outflows and low possibility of inflows adjusted their Active Share by approximately double that of managers with a moderate risk of outflows and inflows. A similar result was found when comparing managers experiencing a low risk of outflows and a high possibility of inflows, to managers experiencing a moderate risk of outflows and inflows. Under varying market conditions, unit trusts exhibiting the highest Active Share and tracking error (concentrated stock picker) earned a significantly higher alpha than unit trusts exhibiting the lowest Active Share and tracking error (closet indexer). During the financial crisis and in the subsequent bull market to previous highs, concentrated stock pickers earned a significantly higher alpha than closet indexers. In bull markets breaking through previous highs, concentrated stock pickers earned the lowest alpha. The alpha earned by unit trusts exhibiting the highest level of Active Share was significantly higher than the alpha earned by unit trusts exhibiting the lowest level of Active Share. The benefit of distinguishing between truly active (concentrated stock picker) unit trusts and closet indexer unit trusts is clear.

APA, Harvard, Vancouver, ISO, and other styles

6

Mcleod, Michelle. "Does environmental performance predict financial performance? A South African perspective." Thesis, Stellenbosch : Stellenbosch University, 2011. http://hdl.handle.net/10019.1/80774.

Full text

Abstract:

Thesis (MBA)--Stellenbosch University, 2011. Corporate environmental responsibility has engaged the attention of academics, practitioners and environmentalists for some time, creating pressure for companies to conduct business in an environmentally greener manner. To find economic support for such conduct by South African companies, this study aims to investigate whether superior environmental performance by South African listed companies leads to superior financial performance. A review of related literature identified significant diversity in research approach and methodology as well as environmental and financial performance measures employed and therefore also in the results obtained. Given the continuing emergence of climate change as a material issue for business, this study utilised South African Carbon Disclosure Leadership Index (CDLI SA) ratings as proxy for South African companies’ environmental performance. The infancy of the Carbon Disclosure Project in South Africa does result in some data limitations which necessitated a portfolio approach to address the research question. This approach, however, prevented explicit consideration or judgement on the direction of causality between environmental and financial variables. The environmental performance data limitations and the resulting need for some assumptions resulted in this study being explorative in nature. Using CDLI SA ratings as distinguishing environmental performance characteristic, industrymatching, mutually-exclusive stock portfolios were constructed. Relative portfolio performance was measured with reference to the Sharpe and Treynor ratios and a simple statistical test. Considering the three years 2008 to 2010, the Sharpe and Treynor ratios for Environmental Leaders and Laggards portfolios did not clearly identify either Environmental Leaders or Environmental Laggards as superior financial performers and results also varied across industries. There appears to be some trend emerging which sees Environmental Leaders outperforming Environmental Laggards in more recent years for some industries, however, the short time frame under consideration provided insufficient support for such conclusion. Statistical means testing concluded that the mean returns of Environmental Leaders and Environmental Laggards are similar. Sensitivity analysis performed on the Financials sector indicated that the Sharpe and Treynor ratios are sensitive to portfolio construction. Despite this sensitivity, statistical means testing consistently found little evidence to infer that the mean returns of Environmental Leaders portfolios are either higher or lower than that of Environmental Laggards portfolios. It is suggested that the similar performance of the Environmental Leaders and Environmental Laggards portfolios may be attributed to the use of an environmental performance measure unable to sufficiently distinguish between environmental leaders and environmental laggards. Another interpretation of the results could be that investors consider disclosure-based environmental performance measures as unreliable, or less reliable as compared with outcome-based or combined measures. Finally, it may be that investors’ expectations have not yet been adjusted to reflect the fact that climate change constitutes a materiality issue for business in the long run, which will require companies to actively manage carbon risks. Although there exists voluminous international research on the topic of this study, South African research in this regard is restricted. This study adds to the existing body of South African specific research, but is only explorative in nature; therefore areas for future research have been recommended.

APA, Harvard, Vancouver, ISO, and other styles

7

Newkirk, Kevin J. "Financial performance comparison for ABC Farm." Thesis, Kansas State University, 2012. http://hdl.handle.net/2097/19692.

Full text

Abstract:

Master of Agribusiness Department of Agricultural Economics Michael Langemeier This thesis had two objectives. One objective was to compare one northeast Kansas farm's financial performance from 2002 through 2011 to various groups of farms participating in the Kansas Farm Management Association (KFMA) during the same period. The second objective was to compare the crop acreage growth trends of the same northeast Kansas farm from 2002 through 2011 to the same groups of farms participating in the KFMA. In this thesis the northeast Kansas farm was referred to as ABC Farm. The purpose of this thesis was to provide ABC Farm's owners and management with information that could be used to formulate long-term goals for ABC Farm and to help identify strategies for achieving those goals. ABC Farm's 10-year financial performance was compared to six different KFMA member groups using 12 different financial measures or ratios. The KFMA groups included all NE region farms, NE region farms in the highest value of farm production (VFP) category, STATE irrigated crop farms, NE region farms in the highest net farm income quartile, NE region farms in the highest crop acreage category, and NE region farms in the lowest adjusted total expense ratio quartile. The 12 financial measures or ratios included VFP, net farm income, adjusted total expense ratio, operating profit margin ratio, asset turnover ratio, percent return on assets, VFP per worker, total crop acres farmed, crop machinery investment per crop acre, crop machinery cost per crop acre, current ratio, and debt to asset ratio. ABC Farm's 10-year average financial performance was better than the 10-year average of any KFMA group for most financial measures. ABC Farm's VFP, net farm income, operating profit margin ratio, VFP per worker, total crop acres, and current ratio were all higher than any KFMA group. ABC Farm's adjusted total expense ratio, crop machinery cost per crop acre, and debt to asset ratio were also lower than those of the various KFMA groups compared to. ABC Farm did not compare favorably to other KFMA groups for some of the financial measures. ABC Farm's average crop machinery investment per crop acre was higher than every group. ABC Farm's average asset turnover ratio was lower than every group. ABC Farm's average return on assets was lower than all but one group, all NE region farms.

APA, Harvard, Vancouver, ISO, and other styles

8

Grey, James Peter. "Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency." Master's thesis, University of Cape Town, 2005. http://hdl.handle.net/11427/10573.

Full text

Abstract:

Includes bibliographical references (leaves 65-70). Over the last four decades academics have been concerned with both the factors effecting individual unit trust performance and whether this performance persists going forward. Whilst persistence in performance is of interest to unit trust investors from a practical perspective, it is also of interest to academics due to its inherent implications for the Efficient Markets Hypothesis (EMH). This study employs South African data based on a sample of 35 General Equity unit trusts over the six year period 1st January 1998 to 31 st December 2003. This study discusses both the EMH as well as factors that influence unit trust management style and associated performance. Using Jensen's alpha in both a Capital Asset Pricing Model (CAPM) framework and a 2-Factor Arbitrage Pricing Theory (APT) model, unconditional evidence is presented on the performance of General Equity unit trusts.

APA, Harvard, Vancouver, ISO, and other styles

9

Haldane, Andrew. "South African collective investment scheme performance fees." Master's thesis, University of Cape Town, 2014. http://hdl.handle.net/11427/8556.

Full text

Abstract:

Includes bibliographical references. This paper is an analysis of the South African Collective Investment Schemes (CIS) performance fee structure. The paper looks at the methods used in the calculation of performance fees and provides a detailed breakdown of their implementation in the South African CIS industry. With the aim to show and explain the various performance fee structures that are currently in place in the South African CIS market and then to highlight differences in structures between so-called "similar funds".

APA, Harvard, Vancouver, ISO, and other styles

10

Miller, Dawn P. "The Relationship between Corporate Social Performance and Financial Performance." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2563.

Full text

Abstract:

Business leaders lack consistent information to make and support strategic budgetary decisions while supporting corporate social responsibility initiatives. Grounded in stakeholder and contract theory, this correlation study examined the relationship between Fortune reputation scores and return on asset, return on equity, and earnings per share, while controlling for total assets. Archival data were collected from 25 corporate websites of U.S. banks included in Fortune Most Admired Companies listing from 2011 to 2013. For 2011 there was a moderate positive partial correlation between Fortune reputation index (FRI) and return on equity (ROE) while controlling for total assets, r = .47, p < .05, with higher levels of FRI associated with higher levels of ROE. For 2012 there was a moderate positive partial correlation between FRI and ROE while controlling for total assets, r = .48, p < .05, with higher levels of FRI associated with higher levels of ROE. Correspondingly, there was a moderate positive partial correlation between FRI and EPS, r = .56, p < 0.5 with higher levels of FRI associated with higher levels of ROE in 2012. For 2013, there was also a moderate positive, but not statistically significant, partial correlation between FRI and EPS, r = .41, p > .05, with higher levels of FRI associated with higher levels of EPS. The implications for positive social change include greater support for socially responsible business strategies to promote sustainability and more business leaders promoting the provision of social benefits for stakeholders.

APA, Harvard, Vancouver, ISO, and other styles

11

Athanasakou, Vasiliki. "'Earnings Management under changing regimes of reporting Financial Performance'." Thesis, University of Manchester, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.492769.

Full text

APA, Harvard, Vancouver, ISO, and other styles

12

Victoria, Vanessa Francesca Villanueva. "Impacts of Best Management Practices on Farm Financial Performance." Thesis, Virginia Tech, 2004. http://hdl.handle.net/10919/36192.

Full text

Abstract:

A rapidly changing global agribusiness environment creates a challenge for commercially oriented agricultural producers to improve business acumen through strategy development and execution. A best management practice is broadly defined as a practice that is considered to be most effective in improving business performance. This study examined the relationship of financial leverage and management practices with financial performance on a group of Minnesota and Northwest farms. Management practices were classified into seven broad categories of management, namely strategic planning, financial management, networking, marketing, technology adoption, family relationship and human resources management. Using multiple regression analysis on 242 observations, the effects of financial leverage and management practices on revenues and profits were determined. While the relationship of best management practices with profitability is less conclusive, this study concludes statistically significant relationships between management practices and financial performance, measured in terms of revenues. There exist positive and statistically significant returns to business planning, transition management, customer management and family relationship management. Master of Science

APA, Harvard, Vancouver, ISO, and other styles

13

Potash, Richard. "Corporate control and its effect on company performance." Master's thesis, University of Cape Town, 1998. http://hdl.handle.net/11427/9957.

Full text

Abstract:

Bibliography: leaves 103-112. This study investigates the effects that various ownership structures have on company performance. It is assumed that the ownership structure of the firm dictates the manner in which the firm monitors its managers. It is further assumed that the objective of the firm is to maximise shareholder wealth. The study therefore analyses which ownership structure provides shareholders with the greatest returns. Such a system would add the most to an economy's efficiency. It was concluded that of the three systems identified, not one system provided shareholders with a return significantly different from the others. The study added to the current South African debate as to whether or not the concentration of economic power detracts from the country's economic efficiency. Statistical evidence proves that companies owned by any of the large South African groupings are no less productive than companies otherwise owned.

APA, Harvard, Vancouver, ISO, and other styles

14

Govindjee, Heetal. "The performance of initial public offerings on the JSE." Master's thesis, University of Cape Town, 2012. http://hdl.handle.net/11427/12071.

Full text

Abstract:

Includes abstract. Includes bibliographical references. This study examined the performance 60 initial public offerings listing on the JSE main board between 1 January 2000 and 31 December 2011. Significant underpricing of 10.1% and 8.5% was found to exist on the first day and during first week subsequent to the IPO. Underperformance of 14.17% was found using abnormal returns and 12.91% underperformance was found when holding period returns were calculated one year after the IPO.

APA, Harvard, Vancouver, ISO, and other styles

15

Chirozva, Gift. "Financial intermediation and economic performance in Zimbabwe." Thesis, Edith Cowan University, Research Online, Perth, Western Australia, 2001. https://ro.ecu.edu.au/theses/1081.

Full text

Abstract:

Financial literature is replete with theoretical and empirical evidence suggesting financial development has a causal effect on economic growth. Yet there is no consensus on the finance-growth nexus. The direction of causality is still controversial In fact, classical economists argue that financial factors are neutral and hence cannot have real effects. Critics argue the traditional methods of identifying long run economic relationships fail to address the methodological conflict between equilibrium implied by theory and the disequilibria in the data. The rise of new representation techniques such as the General Methods of Moments (GMM) and vector autoregression [VAR] brought with them empirical flexibility, which facilitates the re-examination of several theories. VAR characterization permits the economic system to determine the behavior of macroeconomic variables simultaneously. The endogenous growth theoretical literature gives credibility to system-wide V AR financial models. This research is both critical (in its search for a common framework to inform debate on Zimbabwe) and positive (to the extent it undertakes an empirical investigation.) Empirically, the study examines the nature and intensity of links between financial intermediation and economic performance in a small developing economy. A Vector Autoregressive [VAR] framework is applied to model and estimate the temporal and dynamic relationships between financial aggregates and economic activity. Cointegration among the variables is examined to determine the degree of heterogeneity and coevolution. The general impulse response function [GIRF] and variance decomposition [VDC] analytical techniques are applied to throw light on the speed and direction of the causal links and the persistence of shocks over time. Branches of financial theory, e.g. agency risk, corporate governance and information asymmetry have taught us economic activity does not take place in a vacuum or perfect market. To put this research into perspective, the study critically examines the evolution of Zimbabwean institutional structures in search of a new conceptual framework with potential to inform debate. The works of Levine (1997, 1998) LaPorta, Lopez-de-Silanes, Shleifer and Vishny (1997, 1998, 2000), Beck, Levine and Loayza (2000), Kane (1981, 1983, 2000) Jensen and Meckling (1976) and Stiglitz (1989) give considerable prominence to governance and institutional design. Allen and Gale(1994, p10) emphasized that institutional settings underlie the process of financial innovation. In fact, Schumpeter (1954, p12) exalts history, statistics and "theory" as the three pillars of economic analysis. Stiglitz (1989, p199) agrees that particular localized historical events could have permanent effects. More recently, Beck, Demirgüç-Kunt and Levine (2001) summarized the theory and provided an empirical examination of the links between laws, politics and finance.

APA, Harvard, Vancouver, ISO, and other styles

16

Weiss, Susan F. "Implications of Executive Succession Upon Financial Risk and Performance." ScholarWorks, 2011. https://scholarworks.waldenu.edu/dissertations/958.

Full text

Abstract:

Executive replacements have historically created fluctuations in the market value of a company and precipitated inappropriate investor reaction. However, the direction and statistical significance of relationships between executive turnover, market value, financial risk, and investor reaction among a census of highly performing firms was previously unexplored. The purpose of this study was to determine the extent of the relationship between CEO turnover and indicators of company performance. Theoretical foundation for this study was the efficient markets hypothesis. Hypotheses tests were designed to support an ex-post facto research methodology for pre-post comparison of volatility of financial metrics, which are indicators of market value (market value added), investor reaction (Tobin's q), risk (beta), executive performance (economic value added and return on assets), and turnover frequency given CEO succession. Statistically significant differences in firm risk emerged from comparisons of highly performing firms exemplified in the foundational leadership text Good to Great. Approximately 45 % of firms sampled did not experience volatility of financial metrics, which supported the presence of a leadership legacy, or strategic management behavior which minimized financial risk. Contrary to prior studies, financial metrics sampled within an interval immediately surrounding the succession event were less indicative of significant financial risk as compared to metrics sampled over the entire tenure of executives. Implications for positive social change include reducing investor risk in selection of equity holdings; capital fairly directed to entities results in benefits for society including job creation, economic stimulus, safer retirement accounts, and corporate sustainability.

APA, Harvard, Vancouver, ISO, and other styles

17

Dunaway, Tarrah M. "Farm Financial Performance of Kentucky Farms." UKnowledge, 2013. http://uknowledge.uky.edu/agecon_etds/13.

Full text

Abstract:

This study examines farm financial performance of Kentucky farms using Kentucky Farm Business Management data from 1998-2010. Logit models are used to estimate the likelihood of farm characteristics affecting whether financial ratios fall into critical zones or not. The results show that large farms in terms of total gross returns and total assets are less likely to experience repayment capacity problems. Total gross returns significantly affect all five financial measures. These findings will help farmers and lenders understand what factors influence farm financial performance. Profitability migration is tested to see if the migration probabilities differ across business cycles. Migration drift is also tested to determine if the Markov property of independence is violated. Results show substantial retention in return on equity (ROE) performance over time, and a tendency for trend-reversal if ROE changes occur. Results are compared to previous literature using ARMS data and Illinois FBFM.

APA, Harvard, Vancouver, ISO, and other styles

18

Jordaan, Johan. "Public financial performance management in South Africa : a conceptual approach." Thesis, University of Pretoria, 2013. http://hdl.handle.net/2263/24808.

Full text

Abstract:

The South African Government’s service delivery initiatives do not guarantee quality of life for all citizens of South Africa. An active challenge faced by researchers and practitioners, who do not have adequate solutions available, is based on the fact that government departments are not able to say what they have achieved; only what they have done. The aim of this study was to develop a conceptual approach or framework for public financial performance management, which will pave the way for operational and line managers in public financial management towards world-class performance with specific reference to effectiveness and service delivery outcomes. The contextualisation of public administration highlights the scientific foundations of public administration and the continuous development of administrative theories and growing administrative thought within the discipline of Public Administration. The development of public administration proves to be dynamic with the emphasis on future trends and emerging concepts of public management and good governance and the need for more efficient and effective service delivery. The state's role has changed from hands-on management and direct delivery of goods and services to the facilitation of an enabling environment, which provides a framework for private sector participation. Successful development programmes hinge on the effective economic policies, good governance and financial performance management of the facilitator. Due to the fragmentation of policy responsibility in society, the traditional mechanisms of governmental control are no longer workable, or even appropriate. Control is giving way to interaction and involvement with critical implications for the operational manager’s ability to manage, but still to be accountable. The future role of government will be based on governance and stewardship, which can create an enabling environment for all its citizens to enjoy a good life. Derived from an analysis of the public administration environment, the magnitude of the challenges and the tasks facing African countries, African governments and other stakeholders, especially the international community, must establish capacity to deal with a dynamic and changing environment. A systematic and holistic approach will be needed for the implementation of policy in order to become more effective and responsive to the needs of society. The role of governance as the ideal platform allows for an interactive relationship between the public financial management system and the budget process to be facilitated by various role players in different relationships. Interaction is based on the concept of getting the basics right and is also aligned with the public financial management system as a series of realistic platforms to accommodate the multiple role players. The result is a financial system that provides the opportunity for financial performance management and effective and optimal budget outcomes. A high-performing public-sector organisation is results-driven with a sound public financial management system, which allows the government to make the best use of all available resources. This type of organisation will meet the quest to efficiently and effectively utilise public resources to meet the needs of the community in an equitable manner. Public financial performance management must be viewed as the next logical evolution of the field of public management. Public financial performance management must be viewed as an essential component of successful management. This is cultural, operational and human resource management change. The transition will require recognition that rationality is the underlying force of performance management. The development of public financial performance management capacity is a means and not an end in itself; it is an integral part of the overall development agenda. Consequently, a capacity development strategy must be based on a broader vision of improved financial performance management and increasing organisational effectiveness leading to good governance. While country ownership is critical, the capacity development efforts have to be tailored to match the existing human resources, institutions, legal system, as well as the administrative and political culture. The drive for capacity development should transcend the mode by which it is to be delivered. Thesis (PhD)--University of Pretoria, 2013. School of Public Management and Administration (SPMA) unrestricted

APA, Harvard, Vancouver, ISO, and other styles

19

Mysina, Amira. "Evaluation of risk management and financial performance of BMW Group." Master's thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-359269.

Full text

Abstract:

Effective risk and financial management possess a great challenge for the multinational companies operating globally. Despite the increasing development of diverse hedging strategies against foreign exchange risk, global firms cannot fully foresee and measure the degree of the impact of foreign currency fluctuations. This paper aims to evaluate the exchange risk management and financial performance of the BMW Group from the year 2005 to 2016. Moreover, this paper is devoted to provide explanatory information on the impact of foreign exchange exposure on the financial performance of the company by the usage of information provided by the annual reports. The first section of the paper establishes the theoretical concepts of risk management with emphasis on exchange rate risk and financial performance analysis, which support the following study. The analysis of the industry and BMW Group business operations worldwide, currency movement, detailed accounting examination, financial ratio, peer group, exchange rate exposure and hedging strategies are performed to examine the relation between the financial performance and foreign exchange risk management. The analysis reveals that the effective hedging strategies against the foreign exchange risk may substantially impact the financial performance and overall positioning of the company in the competitive environment.

APA, Harvard, Vancouver, ISO, and other styles

20

Ball, Robert. "Examining the relationship between ESG performance and financial performance of firms listed on the JSE." Master's thesis, Faculty of Commerce, 2021. http://hdl.handle.net/11427/33634.

Full text

Abstract:

This study investigates the relationship between the environmental, social and governance (ESG) performance of South African firms and their corresponding financial performance over the period 2012 to 2019. Operating with an ESG-based mindset has become of increasing importance for firms over the past two decades, as a result of increasing regulation as well heightened public scrutiny and pressure. There exists evidence in support of the theory that ESG-conscious firms that practice sustainably tend to financially outperform their peers. This study employs a quantitative research methodology, using variations of panel regression models to investigate the ESG-corporate financial performance (CFP) relationship. Privately held proprietary ESG scores are used as a proxy for ESG performance and financial data is obtained from Bloomberg in order to assess financial performance. The study does not find statistically significant evidence of a relationship between firm ESG performance and financial performance. Contrasting results emerge from the study, with positive relationships and correlation coefficients found between both the ESG performance of firms and their annual stock return, as well as the ESG performance and return on assets (ROA) ratio. A negative relationship and correlation were found to exist between firm ESG performance and their price earnings ratio. These contradicting results lead to a conclusion that no relationship exists between ESG performance and CFP. Significant evidence was however found regarding certain firm characteristics leading to firms having higher ESG performance. Results show that the larger firms with greater financial leverage are higher ESG performers relative to their peers. This may imply that in order for ESG practices to be effective, firms themselves should be of a sufficient size and have access to a large amount of debt to fund relevant activities. It is recommended that further research be performed on the driving forces behind a firm's ESG performance, and the various factors that contribute most towards it, including varying levels of access to debt.

APA, Harvard, Vancouver, ISO, and other styles

21

Moore, David. "An assessment of the style and performance of South African institutional fund managers." Master's thesis, University of Cape Town, 2013. http://hdl.handle.net/11427/12362.

Full text

Abstract:

Includes bibliographical references. This paper aims to expand on the growing area of fund style classification and benchmarking research in developed markets by extending such analyses to the South African context. ... A differentiating feature of this study is both the style indices used and the sample of fund manager return data in the South African context. The style indices used were sourced from A-DEX, which unlike those used in Scher and Muller (2005) comprise a greater sample of JSE listed companies and are fully tradable. Furthermore, the data sample compiled by RisCura Solutions (Pty) Ltd and contains returns from a total of sixty South African institutional fund managers. ... The current study analyses one of the largest samples of institutional manager return data in the South African context.

APA, Harvard, Vancouver, ISO, and other styles

22

Willows, Gizelle. "She's built for it: differential investment performance in South Africa based on gender." Master's thesis, University of Cape Town, 2012. http://hdl.handle.net/11427/12075.

Full text

Abstract:

Includes abstract. Includes bibliographical references. Research in behavioural finance has shown that individuals do not always behave rationally. As a result of this they do not make investment decisions in such a way as to maximise their expect- ed utility. Certain behavioural biases have been found to explain this behaviour. Furthermore, differences have been observed in how these biases manifest in men and women. Men have been found to be more overconfident when estimating their own skills and chances of success. Hence, they tend to exhibit stronger self-efficacy and self-attribution biases. Differentials in the risk preferences of men and women are apparent: men display higher risk tolerances and women are more risk averse. A sample of 19,021 individual investors from a South African investment house was analysed over five years (2007 - 2011) in order to draw conclusions on the trading behaviour.

APA, Harvard, Vancouver, ISO, and other styles

23

Phillip, Jarryd. "Using international diversification to enhance predicted equity index performance: a South African perspective." Master's thesis, Faculty of Commerce, 2019. https://hdl.handle.net/11427/31830.

Full text

Abstract:

In the weak form, the Efficient Market Hypothesis (EMH) states that it is not possible to forecast the future price of an asset based on the information contained in the historical prices of that same asset. Under this assumption, the market behaves as a random walk and as a result, price forecasting is impossible. Furthermore, financial forecasting is a difficult task due to the intrinsic complexities of any financial system. The purpose of this study is to examine the potential of developing an international investment strategy using future index price predictions and offsetting predicted price declines by investing in negatively correlated international markets. Therefore, the first objective of this study was to examine the feasibility and accuracy of using a machine learning technique to model and predict the future price of stock market indices of South Africa (All Share Index) and a variety of other developed and developing international markets, which included South Africa, Brazil, Russia, India and China of the BRIC countries and Italy, France, Netherlands, Switzerland, Germany, Nigeria, Australia, Hong Kong, Saudi Arabia, Japan, the U.S., Turkey and the U.K., which were identified as South Africa’s major trading partners. Secondly, an analysis of market correlation between each country’s equity index and South Africa’s ALSI was conducted to determine which of these international indices were positively and negatively correlated to the South African ALSI. This allowed an extrapolation of potential international diversification opportunities. By using machine learning to predict future price trends of the South African All Share Index (ALSI) within a specified time period, the market correlation aspect of this study was able to suggest possible negatively correlated safe haven markets to invest in to offset predicted losses in an expected declining local market. The study’s major limitations include a single method for regression analysis (GARCH(1, 1)) and a limited number of variables in the feature space when predicting future prices. Additional parameters could prove a more robust modelling technique. The data used was a series of past closing prices of each country’s major index. The data was split into five periods, where each period was assigned an overarching theme based on the prevailing market conditions at the time. The ALSI data set was subjected to a unit root test and found to be non-stationary. The analysis thereafter followed a two-step test, with the first being the determination of market correlation of the South African equity market with other markets, using a generalised autoregressive conditional heteroskedasticity (GARCH (1: 1)) approach given the non-stationary nature of the ALSI historic data. The results showed strong positive market correlations between South Africa and China, India, Nigeria, Russia and Saudi Arabia, and strong negative correlation between South Africa and Australia, Germany, the Netherlands, and the United Kingdom. Secondly, the specific area of machine learning employed in this study was support vector machines, as implemented using Python programming. The results compare the actual index price with those predicted by the model and showed that this technique has the ability to predict the future price of the Index within an acceptable accuracy. The accuracy measure used was the mean relative error which in most cases was calculated to be between 95 and 98 which is considered relatively high. However, the results of the investment approach described above was considered to be too inconsistent to consider this diversification strategy viable. From a South African perspective, this approach has not been documented previously.

APA, Harvard, Vancouver, ISO, and other styles

24

Appiah, Emelia. "The Determinants of the Financial Performance of Insurance Companies in Mauritius." Master's thesis, Faculty of Commerce, 2020. http://hdl.handle.net/11427/32444.

Full text

Abstract:

The study examines the effects of internal factors, made up of firm specific variables, and the external factors, consisting of industry and macroeconomic variables, on the financial performance of insurance companies in Mauritius. In particular, the study investigates the impact of firm size, leverage, gross written premiums, reinsurance, combined ratio, market concentration, foreign exchange, inflation and GDP growth on the profitability of insurers in both the life and the nonlife markets. Profitability was proxied by return on assets (ROA) and the underwriting profit ratio (UWPR). The study employs an unbalanced panel data sample of twenty non-life and seventeen life insurers from 2008 to 2016, with one hundred and twenty-two (122) non-life and ninety-eight (98) life firm-year panel observations obtained from the Financial Services Commission (FSC) of Mauritius. The models were estimated using the sandwich estimator by White, (1980) and Eicker, (1963) within pooled OLS, fixed and random effects panel estimation techniques. The findings show that, a unit increase in the combined ratio and leverage of life insurers impact negatively on the return on assets (ROA), while an increase in reinsurance dependence and firm size impact underwriting profit ratio positively. In the non-life sector, the findings show that insurance companies' profitability is positively impacted by increases in the combined ratio and gross written premium, while market concentration and foreign exchange negatively impacted non-life insurers' profitability. The findings of the study help us to understand firm pricing behaviour within the insurance industry and help to protect consumer interests in the pricing of policies. The findings also have implications on the growth strategies and risk management activities of insurance companies in Mauritius.

APA, Harvard, Vancouver, ISO, and other styles

25

Schnippering, Maximilian [Verfasser]. "Revisiting the Relationship between Corporate Social and Financial Performance / Maximilian Schnippering." Hamburg : Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky, 2020. http://d-nb.info/1238230962/34.

Full text

APA, Harvard, Vancouver, ISO, and other styles

26

Fredericks, Llewellyn. "Does doing good, do good : an investigation into SRI fund performance in South Africa." Master's thesis, University of Cape Town, 2011. http://hdl.handle.net/11427/10496.

Full text

Abstract:

In this paper the literature is reviewed to determine what exactly SRI is, and whether there has been evidence of the financial benefits of SRI compared to conventional portfolios internationally. It has been found that among the different opinions of SRI, four goals of SRI are central to understanding the concept. These goals are essentially to democratize the economy (by encouraging the employment and empowerment of the previously disadvantaged), to humanize the work environment (ensuring the safety and training of staff), rethinking profit distribution (dividends versus charitable giving and environmental campaigns) and convincing the business world that a corporate conscience can pay. With regards to gaining evidence of the financial benefits of SRI compared to conventional portfolios, no greater clarity was obtained, since there was diverging results of the studies undertaken. These results ranged from views that there is no trade-off between the two different stock performances, while others show that SRI stocks outperform non-SRI stocks and also that 'sin' stocks outperform SRI stocks.

APA, Harvard, Vancouver, ISO, and other styles

27

Tamrakar, Chanchal Bahadur. "Essays on social media and firm financial performance." Diss., University of Iowa, 2016. https://ir.uiowa.edu/etd/2153.

Full text

Abstract:

Consumers are spending more time online and their involvement in social media is also growing. Furthermore, consumers truly trust the information they find online. Therefore, I expect that positive social media mentions of a given brand will influence a consumer’s awareness, attitudes, affection, etc. towards that brand. The brand value chain model suggests that such a change in consumer mindset should translate into improved marketplace performance and, ultimately, better firm financial performance. Previous researchers have studied the relationship between online user generated content and firm performance. They find that various metrics, (e.g. user ratings, comment volume or valence) impact firm performance. However, the extant research focuses on a single online platform (e.g., CNET), type of online posting (e.g., blog posts), or industry. In this study, I focus on social media sentiment expressed across multiple platforms for 180 monobrand firms spanning 10+ industries. I use total comments, total positive comments, total negative comments, proportion of positive comments, and proportion of negative comments as my social media variables. First, I use the portfolio sort method to determine if firms with higher social media comment volume or higher positive (negative) comments generate higher (lower) abnormal returns, as determined by the Fama French 4 factor model. Using monthly and daily returns data over a period of more than 2 years, I find no significance differences between the returns earned by the top and bottom 20% of the firms as ranked by various social media metrics. Contrary to prior research, this result suggests that social media sentiment is already fully priced into stock returns. I then examine the possible relationship between social media metrics and firm financial performance by analyzing whether social media sentiment improves forecasts of a firm’s quarterly cash flow. I modify the Lorek & Willinger (1996) multivariate time-series regression model to include social media comment volume and sentiment information to predict future cash flow. Using the Mean Absolute Percentage Error (MAPE) a guide to forecast accuracy I find that utilizing social media information does not provide any improvement in the prediction of future quarterly cash flow forecast. I further analyze the relationship between social media comment volume & sentiment metrics, and firm quarterly cash flow by utilizing a cross sectional regression model. I find no significant effect of social media comment volume and sentiment information on the ability to predict future firm quarterly cash flow. Panel data estimation of both the cash flow model also does not find any significant effect of the social media metrics on quarterly cash flows.

APA, Harvard, Vancouver, ISO, and other styles

28

Hwang, Eun Jin. "Strategic Management and Financial Performance in South Korean Apparel Retail Stores." Diss., Virginia Tech, 2005. http://hdl.handle.net/10919/29855.

Full text

Abstract:

The research objectives were to determine (a) interrelationships among components of Korean apparel retail stores' management strategies, (b) effects of perceived environmental uncertainty on their management strategies, (c) effects of stores' management strategies on their performance, and (d) market-orientation strategies the stores have implemented. Four hundred top managers of Korean apparel stores in Seoul, Busan, Suwon, Daejeon, and Daegu completed a questionnaire. A structural equations model was used to test the hypotheses concerning relationships between the research variables. The exogenous variables include components of perceived environmental uncertainty (market turbulence, competitive intensity) and top management's willingness to adapt a changing market (top-management emphasis and risk aversion). The endogenous variables include components of market-orientation strategy (intelligence generation, intelligence dissemination, response design, response implementation), organicity of organizational structure (centralization, formalization, specialization), and satisfaction with store performance (relative to other Korean retail stores, relative to key competitors). Many of the hypotheses were supported. Perceived market turbulence positively affected stores' market-orientation strategies and functional specialization. Market orientation strategy positively affected stores' functional specialization and centralization of decision making. Intelligence generation positively affected satisfaction with store performance relative to other Korean retail stores and relative to key competitors, and response implementation positively affected satisfaction with store performance relative to other Korean retail stores. Some positive relationships were found between perceived environmental uncertainty and top management's willingness to adapt to a changing market. Also, seven of the eight tested relationships were significant and positive between market-orientation strategy and top management's willingness to adapt to a changing market. Top-management emphasis positively affected organicity of organizational structure. Formalization of store structure positively affected satisfaction with store performance relative to other Korean retail stores and relative to key competitors. A major conclusion is that Korean apparel stores' top managers did not view environmental conditions as important influences on their stores' performance, although their perceptions of environmental uncertainty affected their stores' strategic management in such terms as response design, intelligence generation, and intelligence dissemination.. In addition, despite the positive effects of perceived environmental uncertainty on stores' centralization and functional specialization, the top managers appeared reluctant to fundamentally change their stores' organizational structures. Ph. D.

APA, Harvard, Vancouver, ISO, and other styles

29

Owen, Trevor James. "Financial Performance Outcomes Following System Replacement in the Insurance Industry." ScholarWorks, 2015. https://scholarworks.waldenu.edu/dissertations/1547.

Full text

Abstract:

Enterprise system replacement projects within the property and casualty insurance industry are costly, high-risk undertakings that carry a significant risk of project failure. The decision to replace policy administration systems for companies with over $250 million in direct written premium is a multimillion dollar investment for corporate strategic decision makers. This study examined the financial impact of enterprise policy administration system replacement in the property and casualty insurance industry by comparing financial performance results for companies that performed policy administration system replacements with those that did not. Insurance industry financial results for the years 2009 through 2014 were used for the analysis and examined in a quantitative quasi-experimental study using repeated measures MANOVA with 6 levels for US companies with over $250 million in 2009 direct written premiums. This analysis showed that enterprise system replacement was not financially significant for revenue growth or operational efficiency. This finding suggests that system replacement should not be used as a financial growth strategy for organizations, although other justifications for system replacement may make replacement beneficial. Additional research is recommended to determine whether financial performance gains seen in 2014 for companies performing system replacements carry into future years, or whether particular companies with positive performance results following system replacement employed strategies that could be generalized across the industry. This study promotes positive social change by informing sound financial decision making and investment by insurance companies, thereby improving their financial health and stability.

APA, Harvard, Vancouver, ISO, and other styles

30

Delaney, Frank T. "Effectiveness of mergers and acquisitions and corporate financial performance in construction." Thesis, Edinburgh Napier University, 2003. http://researchrepository.napier.ac.uk/Output/2750.

Full text

Abstract:

In practice, construction firms are in business to achieve profitability. Construction companies operate in a highly competitive business environment characterised by low profit margins and high failure rates. At times firms will seek to grow in an attempt to increase profitability. At other times, firms will be concerned with survival and avoiding failure. Often firms plagued by poor performance seek to take higher risks. This may lead especially where resources exist to increased diversification. Against this background, the research focuses on the twin areas of corporate financial performance and the effects of merger activity. Prior studies in economics and accounting provide evidence that financial statement analysis can be utilised by possible investors or strategic planners to aid in the future plans and direction of the firm or to classify economic events such as mergers or failures. The present study examines the financial performance of the UK construction industry and the Global construction industry, and investigates the financial characteristics of merging construction companies. This research examines the financial performance of UK firms in different sectors of the construction industry. This analysis involves the use of descriptive statistics, which provides a valuable aid in the visual presentation of the range of the possible outcomes. In addition a probabilistic analysis of the distribution of profitability has been undertaken. This involves the use of inferential statistics which concentrates on the role of significance testing. The profitability performance of the plant hire sector was found to exceed that of contracting and materials sector. An examination of the impact of the national environment on international competitive performance and an assessment and comparison of the performance of global construction is also provided in the study. The research also investigates the financial profile of UX failed and solvent firms. The use of statistical models and accounting ratios in an effort to predict company failure for up to five years is examined. The results for the univariate analysis indicate that failing construction firms during the 1996-2001 period have low profitability and are highly geared. The testing of previous statistical failure prediction models provide little evidence of compatibility to the construction industry. The analysis on mergers and acquisition investigates the performance of construction companies involved in the acquisition process and examines the motives behind the merger process. Analysis of the relation between measures of costs and firm size in over 100 UK construction companies indicates the usefulness of scale economies. However, the evidence suggests that beyond a certain size the cost benefits appear to become exhausted. Large companies have to re-examine scale to ensure that they are employing it to their company's greater advantage. Abnormal share returns are also examined throughout a period surrounding the announcement of both successful and unsuccessful acquisition and merger bids. The overall results indicate that mergers in the construction industry create wealth for shareholders. The evidence shows significant increases in the performance of the target firms' shareholders over a 40 day event window surrounding the announcement. The results also show that bidding firms' experience no significant abnormal returns in a short period surrounding the announcement date.

APA, Harvard, Vancouver, ISO, and other styles

31

Cochran, Kenneth J. "The effect of joining a health system on financial performance." Thesis, The University of Alabama at Birmingham, 2015. http://pqdtopen.proquest.com/#viewpdf?dispub=3719154.

Full text

Abstract:

The rate of hospitals merging has increased significantly over the last few years. The number of hospital mergers between 2003 and 2009 averaged 55 per year, while mergers for 2010 and 2011 were 72 and 90, respectfully. This research moved beyond anecdotal reports and by using publicly reported data to not only evaluate the financial success of mergers, but also to look at other factors such as size, ownership, geography, environment (urban vs. rural), and market competitiveness to assess impacts on financial outcomes of mergers. This study examined the effect of joining a hospital system based on financial performance. Further, it assessed the relationship of specific organizational and environmental characteristics to determine if these characteristics had any effect on the success of the mergers. Resource Dependence Theory (RDT) served as the theoretical framework for this study. Based on RDT precepts, two main hypotheses were studied including (1) Hospitals that join a health system have better financial performance after joining a health system than those that do not join a health system, and (2) For hospitals that have joined a health system, certain organizational and environmental characteristics will have greater influence on financial performance. Data from American Hospital Association, Centers for Medicare and Medicaid, and Area Health Resource File were collected, combined, and analyzed to address the research questions. The results demonstrated that hospital operating margins significantly improved after joining a health system. Findings also suggested (at the 90% confidence interval) that hospitals located in rural areas had improved results following the second year of the merger. However, this study found no empirical support for the expectations that operating expenses would improve or that organizational characteristics (i.e., ownership and adjusted patient days), or environmental characteristics (i.e., percentage of people living in poverty, competitiveness) had a statistically significant effect on the success of a merger. As hospitals continue to seek ways to remain competitive and to continually serve their mission to care for the members of their communities, this study can serve as a basis for assessing the effect of system membership on financial performance. The results of this study should not be used as the only basis for making merger decisions as the sample size and time period studied were too narrow to reach overarching conclusions. Keywords: mergers, acquisitions, resource dependence theory, affiliations

APA, Harvard, Vancouver, ISO, and other styles

32

Pelletier, Adeline. "Essays on performance, corporate financial strategy and organization of multinational banks in Africa." Thesis, London School of Economics and Political Science (University of London), 2014. http://etheses.lse.ac.uk/1061/.

Full text

Abstract:

This thesis is composed of three stand-alone essays interlinked within the context of banking markets in sub-Saharan Africa. This research is motivated by the lack of comparative research on North-South and South-South foreign direct investment (FDI), especially on the service sector and on the African context, despite the rapid expansion of multinationals from developing and emerging countries over the last two decades. Theoretically, this thesis builds on strategy, corporate finance and organizational economics theories. The first chapter compares the financial performance of the foreign affiliates of global banks to that of regional African banks in sub-Saharan Africa over a 10-year period. The results suggest that affiliates of regional African banks are significantly less profitable (lower return on equity and higher cost income ratio) than those of global banks. Furthermore, the performance differentials are not strongly related to the quality and sectoral allocation of banks’ loan portfolio but to differences in their access to funding. The second chapter examines the benefits and drawbacks of being part of a large banking group by analyzing the flows of internal capital between foreign affiliates located in an emerging economy, South Africa, and their global headquarters. It provides evidence for a support motive to internal funding, as foreign affiliates receive on average more internal group funding when their solvency ratio declines. However, using the event of the East Asian Crisis, I show that foreign affiliates’ balance sheet are not immune to “reversal of fortune” when other members of their banking group need large amounts of internal capital to cushion capital losses, leading to abrupt reallocation of internal capital. Finally, using an instrument variable technique I find a positive impact of the volume of internal funding received by a foreign affiliate on its credit supply in the mortgage market. In the third chapter I examine how environmental and firm factors influence the organizational structure of multinational banks relying on survey data on commercial banks located in 14 sub-Saharan African countries. I find evidence of a positive and significant association between several indicators of environmental distance between host and home countries (institutional, economic and cultural distance) and centralization of operational processes inside multinationals. In addition, I find that lower quantity of “hard” information available on borrowers in the host markets and higher reliance on qualitative or “soft” information by bank managers is negatively and significantly associated with centralization.

APA, Harvard, Vancouver, ISO, and other styles

33

Asci, Ceylan Cemre. "Do Public-to-Private Leveraged Buyouts Result in Improved Operating Performance? Evidence from the United Kingdom." Master's thesis, Faculty of Commerce, 2019. http://hdl.handle.net/11427/31560.

Full text

Abstract:

This study investigates the changes in the operating performance of public-to-private leveraged buyouts (LBOs) backed by one or more private equity firms. For this purpose, this dissertation focuses on a sample of 65 completed public-to-private LBOs in the United Kingdom, which were finalised between 2003 and 2015, and exited by 2018. Specifically, the changes in operating performance in terms of EBITDA/sales, EBIT/sales and EBITDA/total assets, as measured directly and relative to the industry median, before the LBO and at exit by the equity provider, is analysed. A regression methodology from the literature is used to determine the impact of various transaction and company-specific attributes on operating performance changes, based on the shareholder-related agency costs and free cash flow/benefits of debt theories. Surprisingly, the overall picture indicates a negative operating performance change of going-private LBOs in the post-buyout period. The main factors explaining the changes in operating performance seem to be changes in leverage. On the other hand, the hypotheses relating to improved management incentives and improved shareholder monitoring are not supported by the results, as these factors seem to have little to no effect on the operating performance changes related to the public-to-private LBOs in the sample.

APA, Harvard, Vancouver, ISO, and other styles

34

Urson, Michael. "CEO pay ratios and company performance : a study of JSE-listed consumer goods and services companies." Master's thesis, University of Cape Town, 2016. http://hdl.handle.net/11427/20545.

Full text

Abstract:

The disparity in remuneration between company CEOs and other employees is a topical and highly controversial issue globally. Theoretically, there are two explanations for this pay disparity - tournament theory and behavioural theory. Tournament theory says that employees are more motivated to compete with a larger pay gap, while the behavioural theories say that employees feel inadequate and thus demotivated in the presence of a larger pay gap, resulting in poorer performance. In response to growing concerns about the pay gap, new legislation in the USA has required companies to disclose their pay ratios1 in their financial statements, which is also likely to come to South Africa. As a means to explore CEO pay ratios in a South African context, a study of the determinants and performance effects of companies' CEO pay ratios was conducted in the Consumer Goods and Consumer Services subsectors on the JSE. Data was collected on companies for the period 2006 to 2014 and pay ratios were estimated for each company where the data allowed. Due to the complexity of CEO remuneration, three different pay ratios were calculated, which differed in how long-term incentive payments were treated in each case. Using the same method as Shin, Kang, Hyun, & Kim (2015) used in their South Korean study, three different analyses were conducted. Firstly, the factors determining pay ratios were analysed in a regression analysis, which found CEO tenure, companies' future investment opportunities and company size to be key determinants of pay ratios. Secondly, the deviations from companies' expected pay ratios were regressed against subsequent company performance to see whether CEOs being paid the, "wrong," amount relative to employees affects company performance. It was found that deviations from the expected pay ratio negatively affected company performance, and there was no difference in performance between under- and over-paying CEOs relative to employees. Finally, as a means to test whether tournament theory or behavioural theories better explain the CEO pay ratio in South Africa, subsequent company performance was regressed against the three different pay ratios calculated. It was found that there is little evidence of a relationship between subsequent company performance and the pay ratio, except in the case where performance is measured by return on assets, and the pay ratio is measured such that it excludes long-term incentives completely. The relationship in this case was found to be positive, indicating that tournament theory better explained the relationship between pay ratios and company performance. One of the limitations of this study was the limited availability of data, which gives rise to self-selection bias.

APA, Harvard, Vancouver, ISO, and other styles

35

Olsen, Eric Oscar. "Lean manufacturing management the relationship between practice and firm level financial performance /." Connect to this title online, 2004. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=osu1086113492.

Full text

Abstract:

Thesis (Ph. D.)--Ohio State University, 2004. Title from first page of PDF file. Document formatted into pages; contains xvii, 220 p. : ill. (some col.). Advisor: Peter T. Ward, Dept. of Business Administration. Includes bibliographical references (p. 197-203).

APA, Harvard, Vancouver, ISO, and other styles

36

Brown, Rachael Annette. "Exploring the Performance of the Financial Service Cooperative Industry in Grenada." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/3660.

Full text

Abstract:

The 2008 financial crisis impacted the Caribbean financial sector with declining liquidity and profitability, and return on assets falling to 0.7% from 2.6%. The purpose of this single case study was to explore strategies that credit union executives in Grenada used to consistently maintain profitability. The targeted study population consisted of four credit union executives responsible for operations, administration, and regulations in the financial service cooperative industry in Grenada. The social influence of power theory was the conceptual framework that grounded this study. The data collection process included semistructured interviews and document (annual reports and cooperative society laws) review. Data analysis involved the thematic approach, using word frequency, coding, and text search to identify underlying themes. Themes that emerged from the study included risk management, investment policies, and the influence of executives decisions' on consistent profitability. Study findings may contribute to positive social change by helping credit union executives maintain profitability, resulting in the potential to benefit local communities by supporting projects that improve the quality of life.

APA, Harvard, Vancouver, ISO, and other styles

37

Erasmus, Petrus Daniel. "Evaluating value based financial performance measures." Thesis, Stellenbosch : University of Stellenbosch, 2008. http://hdl.handle.net/10019.1/1407.

Full text

Abstract:

Thesis (PhD (Economics))--University of Stellenbosch, 2008. The primary financial objective of a firm is the maximisation of its shareholders’ value. A problem faced by the shareholders of a firm is that it is difficult to determine the effect of management decisions on the future share returns of the firm. Furthermore, it may be necessary to implement certain monitoring costs to ensure that management is focused on achieving this objective. A firm would, therefore, benefit from being able to identify those financial performance measures that are able to link the financial performance of the firm to its share returns. Implementing such a financial performance measure in the valuation and reward systems of a firm should ensure that management is aligned with the objective of shareholder value maximisation, and rewarded for achieving it. A large number of traditional financial performance measures have been developed. These measures are often criticised for excluding a firm’s cost of capital, and are considered inappropriate to be used when evaluating value creation. Furthermore, it is argued that these measures are based on accounting information, which could be distorted by Generally Accepted Accounting Practice (GAAP). Studies investigating the relationship between these measures and share returns also provide conflicting results. As a result of the perceived limitations of traditional measures, value based financial performance measures were developed. The major difference between the traditional and value based measures is that the value based measures include a firm’s cost of capital in their calculation. They also attempt to remove some of the accounting distortions resulting from GAAP. Proponents of the value based measures present these measures as a major improvement over the traditional financial performance measures and report high levels of correlation between the measures and share returns. A number of studies containing contradictory results have been published. On the basis of these conflicting results it is not clear whether the value based measures are able to outperform the traditional financial performance measures in explaining share returns. The primary objectives of this study are thus to: • Determine the relationship between the traditional measures earnings before extraordinary items (EBEI) and cash from operations (CFO), and shareholder value creation; • Investigate the value based measures residual income (RI), economic value added (EVA), cash value added (CVA) and cash flow return on investments (CFROI), and to determine their relationship with the creation of shareholder value; • Evaluate the incremental information content of the value based measures above the traditional measures. The information content of the traditional measures and the value based measures are evaluated by employing an approach developed by Biddle, Bowen and Wallace (1997). The first phase of this approach entails the evaluation of the relative information content of the various measures in order to determine which measure explains the largest portion of a firm’s market-adjusted share returns. The second phase consists of an evaluation of the incremental information content of the components of a measure in order to determine whether the inclusion of an additional component contributes statistically significant additional information beyond that contained in the other components. The study is conducted for South African industrial firms listed on the Johannesburg Securities Exchange for the period 1991 to 2005. The data required to calculate the measures investigated in the study are obtained from the McGregor BFA database. This database contains annual standardised financial statements for listed and delisted South African firms. It also contains EVA, cost of capital and invested capital amounts for those firms listed at the end of the research period. Including only these listed firms in the research sample would expose the study to a survivorship bias. Hence these values are estimated for those firms that delisted during the period under review by employing a similar approach to the one used in the database. The resulting sample consists of 364 firms providing 3181 complete observations. Since different information is required to calculate the various measures included in the study, different samples are compiled from this initial sample and included in the tests conducted to evaluate the information content of the measures. The results of this study indicate that the value based measures are not able to outperform EBEI in the majority of the relative information content tests. Furthermore, the measures EVA, CVA and CFROI are also not able to outperform the relatively simple value based measure RI. The results from the incremental information content tests indicate that although some of the components of the value based measures provide statistically significant incremental information content, the level of significance for these relatively complex adjustments is generally low. Based on these results, the claims made by the proponents of the value based measures cannot be supported. Furthermore, if a firm intends to incorporate its cost of capital in its financial performance measures, the measure RI provides most of the benefits contained in the other more complex value based measures.

APA, Harvard, Vancouver, ISO, and other styles

38

Sonko, Momodou K. "Leadership Strategies to Improve Employee Performance in the Insurance Industry." ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5128.

Full text

Abstract:

Lack of performance improvement strategies contributes to poor employee performance and increases the potential for business failure. Some insurance business leaders lack strategies to improve employee performance. The purpose of this case study was to explore strategies that successful insurance business leaders use to improve employee performance. The classical management and transformational leadership theories served as the conceptual frameworks for this study. Using a semistructured interview technique, 9 purposefully-selected insurance senior managers in Atlanta, Georgia were interviewed on how they successfully improved employee performance. Through open coding and thematic analysis, 4 themes emerged: goal setting and performance review; effective communication; training, coaching, and counseling; and good working environment and teamwork. Sixty-seven percent of participants cited effective communication, and 56% of respondents cited training, coaching, and counseling as well as a pleasant working environment and teamwork as strategies to improve the performance of employees. Findings for the 4 themes revealed that goal setting and performance review had positive effects on employee performance. Study findings show that a good working environment and teamwork have a positive effect on employee engagement. The findings of this study may contribute to positive social change by providing local insurance business leaders with additional strategies for improving employee performance. With improved employee performance, business leaders could generate extra revenue that they could use to advance community welfare.

APA, Harvard, Vancouver, ISO, and other styles

39

Dhai, Riaz. "A comparison of the performance of the FTSE South Africa Islamic Index to the market in South Africa." Master's thesis, University of Cape Town, 2009. http://hdl.handle.net/11427/11879.

Full text

Abstract:

Includes abstract. Includes bibliographical references (leaves 76-79). The aim of this study is to identify whether there is a difference in performance between shares meeting the Islamic investing criteria and the market in an emerging market context. The proxy for the Islamic market is the FTSE South Africa Islamic Index. The returns on this index are compared to three proxies for the market using single and multiple regression models: (1) the All Share Index on the JSE in a single factor regression (2) the Resources Index and Financial/Industrial Index in a two factor model (3) a four factor model developed by Carhart (1997) that accounts for size, growth and momentum in the market in addition to the All Share Index.

APA, Harvard, Vancouver, ISO, and other styles

40

Cilliers, Albert John. "An evaluation of the completeness of Ferreira and Otley's (2009) performance management framework, using a multi-disciplinary approach." Master's thesis, University of Cape Town, 2012. http://hdl.handle.net/11427/10273.

Full text

Abstract:

Includes bibliographical references. This study considers the completeness of Ferreira and Otley's (2009) evaluative framework, designed to identify the performance management and management control issues in organisations. There is growing criticism in the literature that Ferreira and Otley's (2009) framework is essentially technocratic in nature, ignores socio-ideological controls such as organisational culture and clans, and needs to be combined with a social science perspective. Consequently, this study reviews the literature pertaining to certain socioideological controls, using a multi-disciplinary approach which focuses particularly on the social sciences. Combining insights obtained from the literature, the study then applies Ferreira and Otley's (2009) framework in an empirical case study setting, assessing the extent to which the framework can identify the performance management and control issues in a small South African knowledge-intensive company. Findings from the study suggest that Ferreira and Otley's (2009) framework is indeed deficient in that it is not able to identify cultural controls, clan controls and personnel controls. The possible implications of the cultural paradigm for control system design, contingency theory, and the general management control framework are also discussed.

APA, Harvard, Vancouver, ISO, and other styles

41

Al-Asmakh, Sara A. "The Alignment of Strategy and Structure and Its Effect on Financial Performance." Thesis, HEC Paris (France), 2017. http://pqdtopen.proquest.com/#viewpdf?dispub=10708264.

Full text

Abstract:

Both personal observation and extensive research show that some companies maintain consistent strategies and senior management while others see a revolving door of CEOs and strategies. Many of these companies also produce wide variations in their financial performance. This raises critical questions about how these differences may be connected to each other. There is a substantial body of research that shows alignment between strategy, structure and people improves organization performance. This research demonstrates that organizations who effectively align their employees, leadership, culture, structure and systems with their strategic direction deliver better financial performance. To further test these conclusions with a new research design, data was collected and analyzed on four large real estate development companies in Qatar. This included a validated employee engagement survey with global benchmark data, seven years of financial statements, interviews with employees, and review of changes in strategies and CEO's over time. The study confirmed existing research that better aligned organizations outperformed organizations that were not as well aligned. This study calls out for further research with companies in multiple industries and additional alignment measurement tools to explore more hypothesis about strategic alignment. Several recommendations to improve company performance came out of this study. 1) Employees need to be involved in strategy formation. 2) When the strategy changes, so should alignment. 3) New CEO's shouldn't always change the strategy. 4) Strategies must be clear and focused. 5) Better leadership at all levels improves implementation. 6) CEO's can have an excessive impact on results.

APA, Harvard, Vancouver, ISO, and other styles

42

Bywall, Karin. "Environmental Management and its related Financial and Environmental Performance Measurements : A study within Swedish Retail." Thesis, KTH, Hållbar utveckling, miljövetenskap och teknik, 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-233817.

Full text

Abstract:

Company managers have increasingly adopted environmental management in the 2000’s, and the relationship between environmental management and financial performance has been a subject for discussion during the last decades because of inconsistent results. The aim of this study is to investigate this relationship between environmental management and financial performance within companies, and to analyse how Swedish retail companies are evaluating the environmental and financial results from environmental management. The methodology used for the study is a literature review to capture the current knowledge area in research, a study of companies’ sustainability reports and an interview study to collect empirical evidence from the retail sector. The literature study shows a positive result between environmental performance and financial performance, a positive relationship between environmental management and financial performance, and non-conclusive data of the relationship between environmental management systems and financial performance. Furthermore it shows that companies are measuring and reporting environmental performance but no or few companies are reporting the financial outcome from environmental management, however companies seem to measure cost savings from environmental management. From this study, no consensus of a general methodology of the measuring of the financial outcomes from environmental management has been found. The findings are not representing the entire retail sector and should rather be seen as empirical evidence from a number of retail companies. The conclusion made was that the ambitions within environmental management differ within one industry sector, and that there seem to be no general methodology for measuring the financial outcome from environmental management. Miljömanagement har införts av fler och fler företagsledare under 2000-talet, och kopplingen mellan miljömanagement och affärsnytta har varit ett ämne för debatt under de senaste decennierna då resultaten ofta varit motsägande. Syftet med den här studien är att undersöka relationen mellan miljömanagement och affärsnytta inom företag, samt att analysera hur svensk detaljhandel utvärderar och mäter de miljömässiga och ekonomiska resultaten från miljömanagement. Metoden som har använts är en litteraturstudie för att fånga det nuvarande kunskapsläget i forskningen, en studie av företags hållbarhetsrapporter samt en intervjustudie för att samla empirisk data från detaljhandeln. Litteraturstudien visar att relationen mellan miljöprestanda och affärsnytta är positiv, att relationen mellan miljömanagement och affärsnytta är positiv samt en icke-bestämd relation mellan miljöledningssystem och affärsnytta. Studien visar även att företag inom detaljhandeln mäter och rapporterar miljöprestanda men inga eller få företag rapporterar affärsnytta från miljömanagement, däremot förekommer mätningar av kostnadsbesparingar hos flera företag. Inga generella metoder för att mäta affärsnyttan av miljömanagement har identifierats i studien. Resultatet i den här studien representerar inte hela detaljhandeln, utan är en samling av empiriska data från ett urval av företag. Slutsatsen från studien är dels att ambitionen inom miljömanagement skiljer sig åt inom olika företag inom detaljhandeln, samt att det inte verkar finnas någon generell metod för att mäta affärsnyttan av miljömanagement.

APA, Harvard, Vancouver, ISO, and other styles

43

Speed, Richard J. "Marketing, strategy and performance in the UK retail financial services industry." Thesis, Loughborough University, 1991. https://dspace.lboro.ac.uk/2134/7414.

Full text

Abstract:

This thesis seeks to examine the marketing practices, strategies and organisational characteristics of companies in the UK retail financial services industry. The research utilises both quantitative and qualitative methods, seeking to determine what, if any, differences in approach exist between companies of different types or with different levels of performance. Three methods are used to evaluate performance; self assessment, peer assessment and expert assessment. Data was gathered using a semi-structured questionnaire as the basis for interviews with managers. Quantitative analysis utilised contingency table analysis and discriminant analysis to test for differences between different groups of companies. Account was taken of problems due to small sample size. The Delphi technique, a form of anonymous polling of experts over several rounds with feedback between rounds, was used to construct the expert assessment based measure of performance. Companies with better performance were found to have a different strategy from those with poor performance. Better performing companies were found to have products better at meeting customer needs than those of competitors, and to charge more for them. Better performing companies were found to be faster at new product development and to show a balance in their strategy between finance and market performance based factors. Companies of different types were also found to differ in their marketing approaches. A high level of consistency was found between the various measures of performance used. The measures were highly correlated and the sets of variables found to be related to performance level measured by different means had considerable overlap.

APA, Harvard, Vancouver, ISO, and other styles

44

Bennett, Andrew L. "An Empirical Longitudinal Analysis of Agile Methodologies and Firm Financial Performance." Thesis, The George Washington University, 2018. http://pqdtopen.proquest.com/#viewpdf?dispub=10982630.

Full text

Abstract:

Agile Software Development methods such as Scrum, SAFe, Kanban, and Large Scale Agile (LeSS) promise substantial benefits in terms of productivity, customer satisfaction, employee satisfaction, quality project management overhead, and time to market. As Agile methods have become widespread in the software development industry and begin to take root in the overall business community, there is an increasing need to understand the firm level impact of the implementation of these methods. To build the most effective business case for organizations in and out of the software development industry, it is imperative that a case be made to show that the implementation of Agile frameworks has constituted a competitive advantage. This study investigated the organization level performance impact of switching from traditional methods to the use of Agile frameworks. The results showed that changing from a traditional methodology to an Agile framework resulted in higher return on assets and lower operating expense ratios. The interaction between time and methodology for OER, ROA, or revenues in Table 6 did not show a significant difference, indicating that the null hypothesis cannot be rejected. Thus, we cannot say whether performance differs as a function of type of agile methodology. That said, the non-parametric sign test shows that the median improvement in Operating Expense Ratios were highest for Scrum while SAFe seemed to show a slightly higher improvement in Return on Assets. On the whole, Scrum seems to outperform SAFe in terms of operating efficiency (as measured by OER) but lags in terms of ROA.

APA, Harvard, Vancouver, ISO, and other styles

45

Thomas, Shawn. "An investigation into performance persistence amongst South African general equity unit trusts funds - for the period 2000 to 2011." Master's thesis, University of Cape Town, 2012. http://hdl.handle.net/11427/12074.

Full text

Abstract:

Includes abstract. Includes bibliographical references. This paper updates aspects of the original study done by Collinet in his 2001 UCT Masters Thesis “Characterising Persistence of Performance amongst South African General Equity Unit Trusts”, in which he tested performance persistence over the period 1980 to 1999. This updated study focuses on testing whether the performance of a unit trust fund in one period can be used to predict the performance of that unit trust fund in a subsequent period. The overall results of the updated study were comparable to the Collinet (2001) study, although in the Collinet study evidence of short-term performance persistence was found when holding periods of 6 months were tested. The results for the 1, 2 and 3 year holding periods tested were inconclusive and no evidence was found that performance persists over any of those holding periods...

APA, Harvard, Vancouver, ISO, and other styles

46

Ahinful, Gabriel. "The relationship between environmental management practices and financial performance of Ghanaian SMEs." Thesis, Bournemouth University, 2018. http://eprints.bournemouth.ac.uk/30264/.

Full text

Abstract:

The main objective of this study is to investigate the impact of environmental management practices (EMPs) (energy efficiency, water, waste, material, pollution and biodiversity management) on financial performance (FP) of Ghanaian small and medium-sized enterprises (SMEs). The study also has two subsidiary objectives as follows: (1) To examine the nature and extent of EMPs among Ghanaian SMEs, (2) To identify the barriers to adopting EMPs by Ghanaian SMEs. This study examines the effect of environmental management practices and its six components on financial performance using the theory of the firm. The findings suggest the need to test the theory more by using all the dimensional constructs since the result differs from that of the aggregated index. The study also employs institutional, stakeholder and legitimacy theories as theoretical lenses to examine environmental management barriers and argues that institutional void, stakeholder distance and lack of threat to legitimacy explain perceived barriers to environmental uptake. The study is based on a survey of 238 SMEs from two industrial sectors. The main tool for data collection was questionnaire designed specifically in line with the existing literature on SMEs’ environmental practices and associated barriers. The collected data was analysed through descriptive statistics, univariate statistics and regression analysis using the Statistical Package for the Social Science (SPSS). The results of the main objective of the study indicate that overall there is a positive and significant relationship between EMPs and SMEs’ financial performance. The findings further suggest that the individual components of EMPs have a different influence on FP. EMPs relating to energy efficiency, water, waste and material management have a significant effect on FP. On the other hand, pollution and biodiversity management are not significantly associated with FP. In respect of subsidiary objective (1), the results suggest that the nature of EMPs among Ghanaian SMEs is more tilted towards resources conservation with most of the instituted measured being “common sense cost-cutting”. The extent of EMPs is generally average and promising. The results of subsidiary objective (2) revealed that barriers perceived as limiting SMEs’ environmental management practices uptake include limited resources, low support services, low level of stakeholder pressure, poor enforcement of regulations and environmental knowledge and ownership attitude challenges. The evidence from the study indicates that in spite of the socio-economic and cultural differences between Ghana as a developing country and those of developed economies from where institutional, stakeholder and legitimacy theories have been developed and tested, these theories provide the general framework to understand perceived barriers of Ghanaian SMEs. This is an indication that the key tenets of these theories are applicable in developing country’s content as they are in developed economies for the proactive adoption of EMPs. Also, the testing of an aggregated variable or single indicator by existing studies might not give a full picture of how good is the theory of the firm since EMP is a multi-dimensional construct. This gives an indication that the support for the holistic testing by the theory may need to be modified based on the evidence of the disaggregated testing. The findings suggest the need to test the theory more by using all the dimensional constructs. Another significance of the findings is that they enhance our understanding of the nature and extent of EMPs, barriers and the effect of EMPs’ on the financial performance of SMEs in Ghana where such knowledge does not exist and to the dearth of literature in developing countries in general. The insights from the findings will help inform policy direction on dealing with environmental challenges associated with the dominant SMEs’ sector in the Ghanaian economy.

APA, Harvard, Vancouver, ISO, and other styles

47

Matthews, Natalie Georgette. "The link between carbon management strategy, company characteristics and corporate financial performance." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/22762.

Full text

Abstract:

That companies need to respond to the issue of climate change is no longer in question and with multiple carbon management activity options to choose from, companies need to select the most appropriate carbon management strategy to meet the challenges of a carbon constrained future. Because of South Africa’s vulnerability to the impacts of climate change as a developing country and because of business’ pivotal role in addressing this urgent issue, it is important to characterise the corporate responses to climate change. The contextual factors that influence carbon management strategy decisions need to be understood so that appropriate policy decisions are taken to encourage innovation related to climate change opportunities.To this end, secondary data in the form of qualitative responses from 70 large South African listed companies to the Carbon Disclosure Project 2011 questionnaire were analysed for this study during September and October 2012. The detailed responses were first mined using a text-mining statistical program to identify the five carbon management activities currently practised by the companies. A cluster analysis of these activities revealed four general response strategies to climate change and carbon emission reduction pressures.The companies were found to have a strong focus on saving energy with less focus on higher-order sustainability activities. While market capitalisation, turnover, sector and carbon commitment were shown to correlate and indeed predict the carbon management strategy chosen by companies, no significant link was found between carbon management strategy and corporate financial performance. Dissertation (MBA)--University of Pretoria, 2012. Gordon Institute of Business Science (GIBS) unrestricted

APA, Harvard, Vancouver, ISO, and other styles

48

Tchaikovsky, Zulfiya. "The Relationship Between Sustainable Supply Chain Management, Stakeholder Pressure, and Financial Performance." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/4024.

Full text

Abstract:

Corporate sustainability confronts significant challenges when supply chain managers pursue short-term financial performance to meet stakeholders' expectations. To achieve sustainable economic success, organizational managers need to understand the relationship between corporate sustainability and long-term financial performance. Based on the resource dependence theory, the purpose of this correlational study was to examine the relationship between sustainable supply chain management (SCM), stakeholder pressure, and corporate sustainability performance. The population consisted of worldwide public organizations from Newsweek Global Green Ranking 2016 list engaged in sustainable SCM. The secondary data for the study were collected from databases hosted by Sustainalytics and Standard & Poor's. The hierarchical multiple regression analyses indicated statistically significant relationships between sustainable SCM and corporate sustainability performance, F(5, 158) = 3,981, p = .002, R2[.112], and between stakeholder pressure and corporate sustainability performance, F(5, 158) = 2,552 p = .030, R2[.075]. Analysis of the relationship between sustainable SCM and corporate sustainability performance with stakeholder pressure as a moderator showed non-significant interaction effect, F (5, 158) = 5.54, p < .001, R2 =.11. R2 -chng =.0007, p-int = .669. With stakeholder pressure as a mediator, the relationship showed non-significant indirect effect, b = .024, z = 0.97, p = .329. The findings of this study could contribute to the social change given that sustainable development of supply chains support the conservation of natural resources and living standards of stakeholders.

APA, Harvard, Vancouver, ISO, and other styles

49

Barrett, Shaun D'olene Kecia. "Effects of Information Technology Risk Management and Institution Size on Financial Performance." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2636.

Full text

Abstract:

A negative relationship exists between unmanaged IT risk and financial performance of institutions of varying sizes. The purpose for this quantitative correlation study was to examine the relationship between IT risk management, institution size, and the financial performance of credit unions in Jamaica. Information Systems Audit and Control Association (ISACA) risk IT model provided the theoretical framework for the study. Audited financial statements and a web-based survey provided data for this study. One hundred and thirty employees from 13 credit unions in Jamaica participated in the study. Results of the multiple regression tests confirmed a statistically significant relationship between IT risk management, institution size, and the financial performance of Jamaican credit unions, F (2, 99) = 46.861, p = 0.000, R2 = .486. Institution size was a statistically significant predictor of financial performance (beta = -.637, p = .000). IT risk management initiatives did not provide any significant variation (beta = .139, p = .074) in financial performance. Research findings may lead to more effective and efficient operations of Jamaican credit unions and improvement in their financial performance, which could result in positive social change through the increases in corporate social contributions, the payment of dividends, and the offer of affordable product and services for over 1 million Jamaican credit union members.

APA, Harvard, Vancouver, ISO, and other styles

50

Gray, JImmie V. "Organizational Growth: The Impact of Lean Six Sigma on Financial and Non-Financial Performance for Nonprofits." Ashland University / OhioLINK, 2021. http://rave.ohiolink.edu/etdc/view?acc_num=ashland1620348674324962.

Full text

APA, Harvard, Vancouver, ISO, and other styles

Dissertations / Theses on the topic 'Village Financial Management Performance'

Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles