Factors Affecting Profitability of Small Medium Enterprises
The objective of this research is to examine factors affecting profitability such as firm size, firm age, growth, lagged profitability, productivity, and industry affiliation of SMEs firm listed in Indonesia Stock Exchange. Source of data used in this study is secondary data based on index PEFINDO 25 on period August 2011- January 2012. The results showed that firm size, growth, lagged profitability, productivity and industry affiliation significant effect on profitability. While the variable firm age does not significantly influence profitability. The results of the regression coefficient indicates that the variable firm size, growth, lagged profitability have a negative effect on profitability, While the variable productivity and industry affiliation have a positive impact on profitability. Therefore, for further improve company’s performance the manager should define a strategy to increasing profitability with focusing on productivity.
The main objective of this paper is to examine whether firm''s size, growth opportunity, and firm''s reputation affect the debt level (leverage) of the construction companies in Malaysia. The study uses the data from ten selected Malaysia''s construction companies for the period from 2001 until 2008. Using the panel data technique, the estimation results show that size of construction companies has a strong significant positive relationship to the firm''s leverage. The finding is consistent with the previous findings that firm''s size adds huge information in explaining the level of debt. The results also suggest that company''s leverage is positively affected by firm''s reputation. On the other hand, growth opportunity has inverse relationship with leverage, indicating that high leverage would retard the growth of firms.
Influence of the Founding conditions on the Growth of Firms
In this book the importance of the founding conditions of a firm has been examined and a set of constructs have been identified to represent the founding conditions of a firm. Two of the most important of these are Founding Time of a firm, and Sheltering of a firm. The concept of Founding Time of the firm has been conceptualized in this research and validated using data from 48 firms of the Indian IT services sector. The impact of founding time on the growth rate of a firm reveals that there is a certain zone of founding time, which seems to result in high firm growth rates. Similarly an optimum zone of sheltering was identified which resulted in high firm growth rates. The implications of such a research would be significant for both entrepreneurs and managers. The identified constructs could be used as initial indicators, amongst others, for recognizing the longevity and success of a venture. Managers could use them to time their divestments or spin-offs of divisions. This may also be of interest to venture capitalists who could appropriately stage their funding to new ventures by using them as possible indicators.
The basic purpose of all the business ventures is to generate profit so all the management decisions and process of operations are intended to get profitability. Profitability analysis indicates how a firm is performing and the prime objective of financial management is to maximize firm’s profit. There are number of factors related to industry and firm that affect the firm’s profitability but literature indicates that firm specific factors have twice effect on profitability as compared to industry factors. The firm related factors such as liquidity, capital structure, inventory and firm size have a strong relationship with the firm’s profitability. This book presents empirical evidence regarding some important firm related factors which affect the firm’s profitability in developing economies along with some specific models to analyze the strength of association between the important variables and profitability. The analysis revealed that some firm specific factors have a significant and strong relationship with the profitability of the firm.
Mitch McDeere is young, intelligent and ambitious. When he gets a job with the law firm of Bendini, Lambert & Locke it seems to be the path to money and power. But soon Mitch finds that the firm is listening to all his phone calls, and the FBI want to speak to him. Money and power has a price - and it could be Mitch's life.
Agility has been identified as one of the most salient issues of contemporary supply chain management. Despite its importance, there has been limited theory development in the firm supply chain agility area. This book investigates the impact of firm supply chain agility on the firm’s financial performance using secondary, Compustat data. Thus, this research further contributes to theory development by providing a better understanding of how firm supply chain agility impacts firm performance. Relevant managerial implications are also presented.
Firm’s financial performance plays an important role in the survival of a firm in the competitive business environment. It contributes to the economic development and welfare, as well as counts towards the critical success factors of a firm. It is of key interest to the investors and management with regards to the decision making related to a firm including the choice, performance evaluation, strategy and policies formulation, controlling and monitoring the performance of a firm. In this study, the authors have focused on finding the determinants of firm’s financial performance in the context of the Pakistan’s economy. The empirical evidence to support the study was taken from 19 cement firms listed in the Karachi Stock Exchange during 2009- 2013. These firms represent the cement industry of Pakistan; which is one of the top performing and non-financial sector of the economy.
The Firm Divided blends the narrative of events involving particular firms and individuals with the insights of that academic research to present a coherent framework that ties the various strands of corporate governance-good and bad-together.
Behavioral Theory of the Firm has become a classic work in organizational theory, and is one of the most significant contributions to improving the theory of the firm. This second edition includes new material which puts the original text in a contemporary context.The authors:* Use experiments and empirical observations to build a model of decision making which can be compared with reality.* Reject the structure of the firm as represented by classical economic theory, instead focus on the discretion of management.* Offer a new way of viewing the effects of the organization, communications and individuals on the firm's activity.For students and specialists the second edition of this pathbreaking book offers the original theory, a new summary of the most important work that has taken place since the book was originally published, and an approach which not only advances the theory of the firm but provides a rigorous model for all research in the social services.It is the most important and provocative view yet advanced for seeing inside the firm to understand it as an organization and an economic entity.
Gale Crosley At the Crossroads. The Remarkable CPA Firm that Nearly Crashed, then Soared
If you'd like to know how to change your underachieving firm, At The Crossroads: The Remarkable CPA Firm That Nearly Crashed, Then Soared may hold the key to a bright new future. This innovative book is told in story form, drawing the reader behind the scenes of a dysfunctional team that applies Crosley?s Practice Growth Model to overcome the defects to produce a highly functional team.