Sanyaolu Oluwafemi; Adesanmi David; Bello Yetunde; Erin Olayinka; A Ajetunmobi; Ilogho Simon
Volume 5, Issue 9 , September 2018, , Pages 715-737
Abstract
This study examines the impact of environmental cost on the financial performance of listed manufacturing firms in Nigeria from 2008 to 2016. The relationship between environmental cost and financial performance of manufacturing firms in Nigeria was tested using a sample of 126 firm-year observations ...
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This study examines the impact of environmental cost on the financial performance of listed manufacturing firms in Nigeria from 2008 to 2016. The relationship between environmental cost and financial performance of manufacturing firms in Nigeria was tested using a sample of 126 firm-year observations covering 14 manufacturing firms in the period from 2008 to 2016. The data extracted were analyzed using trend analysis graphs and panel least square method of regression. The study document a positive and significant relationship between Return on Equity (ROE), employee benefit and staff training. The authors also found a negative and insignificant relationship between Return on Equity (ROE) and donations. The result suggests investment in environmental cost indicates a good return in terms of financial performance. This finding will help eliminate the bias that investment in environmental cost is detrimental to the performance of companies in Nigeria. In the light of the empirical findings, manufacturing firms will gain a better understanding of the status and importance of environmental investment and that environmental investment is not necessary implies decline in financial performance. This implies that firms will report quality environmental issues in their corporate reports in order to benefit users of financial information. Given the important role of the manufacturing sector on the Nigerian economy, this is the first study of its kind investigating the impact of environmental cost on the financial performance among manufacturing firms in Nigeria. The study tackles the issue of donation and employee benefits in the context of environmental cost which similar studies were not able to examine.
Muhammad Rizwan Nazir; Muhammad Imran Nazir; Yasir Habib; Shujahat Haider Hashmi; Zeeshan Farred
Volume 4, Issue 2 , February 2017, , Pages 136-162
Abstract
This study examines the determinants of banks profitability in Pakistan. The main objectives of the study are to determine the factors that influence banks profitability in Pakistan and to make recommendations for management decision making and policy objectives. A panel data of 25 banks (commercial, ...
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This study examines the determinants of banks profitability in Pakistan. The main objectives of the study are to determine the factors that influence banks profitability in Pakistan and to make recommendations for management decision making and policy objectives. A panel data of 25 banks (commercial, Islamic, foreign and local banks) in Pakistan was analyzed over period of 2006-2015, using panel data regression method to estimate common, fixed and random effect regression models. The two key measures of profitability (dependent variables) analyzed in this study comprised of ROA and Return ROE. The bank-specific factors were incorporated into the regression models, were Credit risk, Expenses Management, Deposits to total assets, non-interest income and size. The results for the ROA model indicate that size and deposit to total assets of bank is positively significant to bank profitability while credit risk, expenses management and non interest income are negatively affect the profitability. Moreover the results of ROE model indicates that credit risk and NII are negatively significant and Size is positively significant with banks profitability. This study also indicates the comparison between Islamic verses non Islamic, Foreign verses local, and public verses private banks which shows there different results on banks profitability.
Morteza Jafarnezhad; Naser Ali Yadollahzade Tabari
Volume 3, Issue 1 , January 2016, , Pages 1-13
Abstract
This study aimed to investigate the impact of intellectual capital on the financial performance of the banks listed in the Tehran Stock Exchange. For this purpose, the impact of intellectual capital components (Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE) and Structural Capital Efficiency ...
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This study aimed to investigate the impact of intellectual capital on the financial performance of the banks listed in the Tehran Stock Exchange. For this purpose, the impact of intellectual capital components (Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE) and Structural Capital Efficiency (SCE) ) on financial performance (Return on Equity (ROE), Return on Assets (ROA) and Earnings per Share (EPS) ) was examined using panel data in 11 banks listed in Tehran Stock Exchange during the years 2009 to 2013. The results showed that the intellectual capital had a positive effect on the financial performance of banks listed on Tehran Stock Exchange. Also, intellectual capital had the greatest impact on the rate of return on assets, return on equity and earnings per share, respectively.
