Journal articles: 'Profit margins'

1

Hasibuan, Raisa Muthia Syahrani, Tuti Anggraini, and Khairina Tambunan. "The Effect of Third Party Funds and Murabahah Margin Income through Corporate Social Responsibility (CSR) as Intervening Variables on Bank North Sumatra Syariah's Profit in 2019-2022." Al Iqtishod: Jurnal Pemikiran dan Penelitian Ekonomi Islam 11, no. 2 (July 2, 2023): 108–28. http://dx.doi.org/10.37812/aliqtishod.v11i2.980.

Full text

Abstract:

One of the indicators of the viability of a bank is its profit. Profitability is an important indicator for the long-term survival of the operation of Islamic institutions. The formulation of this research problem is whether DPK and murabahah margin have a partial and simultaneous effect on CSR. Is there a simultaneous and partial influence of deposits, murabahah margins, and CSR on Bank Sumut Syariah's profits? Can CSR mitigate the impact of deposits and murabahah margins on Bank Sumut Syariah's profits? The research method used is the quantitative research method with a purposive sampling technique. Secondary data in the form of quarterly financial statements of Bank Sumut Syariah is used for the 2019-2022 period. Classical assumption tests, multiple linear regression analysis, t-tests, F tests, coefficients of determination, and path analysis are used for data analysis. The results of this study show that: (1) Deposit margin and murabahah affect CSR, as shown by the findings of this study (2) Deposit and murabahah margin affect Bank Sumut Syariah's profit (3) CSR does not have an impact on Bank Sumut Syariah's income. The effect of deposits and murabahah margins on Bank Sumut Syariah's profit cannot be mediated by CSR as an intervening variable. Islamic banking is expected to increase profit generation so as to maintain bank operational stability by increasing fund collection and optimizing incoming revenue, based on research results.

APA, Harvard, Vancouver, ISO, and other styles

2

Lestari, Novi, and Alvina Alvina. "Pengaruh Current Ratio Dan Gross Profit Margin Terhadap Laba Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia." Jurnal Ekonomi dan Bisnis 1, no. 1 (January 30, 2021): 1–19. http://dx.doi.org/10.56145/jurnalekonomidanbisnis.v1i1.60.

Full text

Abstract:

This study focuses on The Effect of Current Ratio and Gross Profit Margin on Profits in Manufacturing Companies in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange aims to determine the effect of Current ratio on profits in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange, the effect of Gross Profit Margins on profits in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange and to determine the effect of the Current Ratio and Gross Profit Margin on profits in manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange.

APA, Harvard, Vancouver, ISO, and other styles

3

Yulianto, Adi, Ade Ali Nurdin, and Ine Mayasari. "Faktor yang Memengaruhi Pendapatan Margin Murabahah pada Bank Umum Syariah dan Unit Usaha Syariah." Journal of Applied Islamic Economics and Finance 1, no. 2 (February 28, 2021): 398–411. http://dx.doi.org/10.35313/jaief.v1i2.2473.

Full text

Abstract:

Murabahah contracts that become the most popular at Islamic banks are an important thing to study. Especially the determination of profit margins that do not have clear rules therefore things that can enlarge and reduce murabahah margin income are interesting to study. This study aims to determine the factors that can determine the murabahah margin income, as well as to find out the variables that predominantly influence the murabahah margin income. The objects used in this study are Sharia Commercial Banks and Sharia Business Units in Indonesia. The period used starts from 2014 untul 2018. The data used is secondary data then the data is processed using panel data regression method. The results show overhead costs, profit sharing of third party funds, volume of murabahah financing, and deposit rates have an influence on murabahah profit margins and inflation has no effect on murabahah profit margins. The volume of murabahah financing is a factor that has a dominant influence on murabahah profit margins.

APA, Harvard, Vancouver, ISO, and other styles

4

Strohman, Richard C. "Profit margins and epistemology." Nature Biotechnology 15, no. 12 (November 1997): 1224–25. http://dx.doi.org/10.1038/nbt1197-1224.

Full text

APA, Harvard, Vancouver, ISO, and other styles

5

Miller, Edward M. "Profit margins and concentration." Atlantic Economic Journal 16, no. 1 (March 1988): 96. http://dx.doi.org/10.1007/bf02304066.

Full text

APA, Harvard, Vancouver, ISO, and other styles

6

Thurik, A. R., and W. H. M. van der Hoeven. "Profit margins and concentration." Atlantic Economic Journal 17, no. 2 (June 1989): 79. http://dx.doi.org/10.1007/bf02304828.

Full text

APA, Harvard, Vancouver, ISO, and other styles

7

Anang Susanto and Indah Rekyani Puspitawati. "Porang's Marketing Margin in the Agroforestry Program in Ngawi District, East Java." International Journal of Integrative Sciences 2, no. 4 (May 1, 2023): 489–96. http://dx.doi.org/10.55927/ijis.v2i4.3642.

Full text

Abstract:

Porang is a plant widely developed under forest stands and on community land with an agroforestry pattern that lives around the forest. However, the community has yet to exploit porang as a business unit to meet food needs but only used it to fulfill daily needs. The research aims to analyze marketing margins and people's profit margins. Data was collected through field observations and interviews with 100 respondents, who were determined by purposive sampling. First, a descriptive analysis was carried out to describe the marketing channel of Porang, and then a study of marketing margins and profit margins was carried out. Based on data analysis, there are two marketing channels for porang: channel one, where farmers sell porang directly to consumers, and channel 2, where the marketing of porang is through intermediary traders. The first channel has no marketing margin and profit margin value minimum of IDR 1,200 and maksimum IDR OF 1,800, while in channel 2, porang marketing has a marketing margin maksimum value of IDR 6,500 and a profit margin minimum of IDR 4,500

APA, Harvard, Vancouver, ISO, and other styles

8

Jaqua, Ecler, and Terry Jaqua. "Markups and Contribution Margins of Nursing Homes." International Journal of Clinical Case Reports and Reviews 8, no. 4 (September 30, 2021): 01–02. http://dx.doi.org/10.31579/2690-4861/171.

Full text

Abstract:

Markups and profit margins are different accounting terms that analyze similar transactions and use the same inputs but show additional information. The two use costs and revenues as in their calculations. The critical difference is that while profit margins refer to sales less the cost of goods sold, markups refer to the amount that needs to be added to the cost of goods to get to the final selling price. Understanding these two terms ensures that price setting is done correctly. Too low or high price setting may cause lost profits or sales. Also, with time, the price setting of a firm impacts its market share. This research paper discusses markups and contribution margins of nursing homes.

APA, Harvard, Vancouver, ISO, and other styles

9

Ekayani, Ni Luh Novi, I. Ketut Satriawan, and Sri Mulyani. "ANALISIS DISTRIBUSI DAN MARGIN PEMASARAN IKAN CAKALANG DI KEDONGANAN, KABUPATEN BADUNG." JURNAL REKAYASA DAN MANAJEMEN AGROINDUSTRI 7, no. 3 (September 3, 2019): 380. http://dx.doi.org/10.24843/jrma.2019.v07.i03.p05.

Full text

Abstract:

This study aims to determine the marketing distribution line of cakalang fish from fishermen in Kedonganan to the end consumers and calculate the marketing margins obtained in each distribution channel. This research was conducted in July-September 2018. This study uses a survey method that uses sampling techniques namely purposive and snowball sampling. There are 4 distribution lines of cakalang fish in Kedonganan, Badung Regency from fishermen in Kedonganan to the final consumers, namely Line I (Fisherman ® Collectors ® Market Traders ® Consumer), Line II (Fisherman ® Collectors ® Market Traders ® Motorcycle Traders ® Consumer), Line III (Fisherman ® Market Traders ® Consumer), Line IV (Fisherman ® Market Traders ® Motorcycle Traders ® Shopkeeper ® Consumer). Market and profit margins on each distribution line of cakalang fish in Kedonganan, Badung Regency from fishermen in Kedonganan to end consumers, namely on line I the marketing margin is Rp. 5.833,33/kg and the profit margin is Rp. 3.226,68/kg, line II marketing margin of Rp. 8.175,00/kg and profit margin of Rp. 3.503,42/kg, line III l marketing margin of Rp. 5.500,00/kg and profit margin of Rp. 4.095,74/kg, line IV marketing margin of Rp. 12.500,00/kg and the profit margin is Rp. 6.853,39/kg. Keywords: cakalang fish, distribution lines, marketing margins, profit margin

APA, Harvard, Vancouver, ISO, and other styles

10

Chi, Liang, Mengshuai Zhu, Chen Shen, Jing Zhang, Liwei Xing, and Xiangyang Zhou. "Does the Winner Take All in E-commerce of Agricultural Products under the Background of Platform Monopoly?" Agriculture 13, no. 2 (February 16, 2023): 476. http://dx.doi.org/10.3390/agriculture13020476.

Full text

Abstract:

This paper explores the impact of e-commerce on profit margin from the perspective of scale using nation-level survey data from China. The results show that e-commerce can increase the profit margin of cooperatives, and that a higher proportion of sales via e-commerce strengthens profitability. Secondly, the effects of agri-e-commerce on cooperative profit margin is highly dependent on young talents with rich experience and high education level; in particular, female leaders have a significantly stronger effect on improving profit margins by using e-commerce than male leaders. Thirdly, the operating scale of cooperatives does not have a direct impact on the profit margins, but a bigger operating scale can significantly enhance the effect of e-commerce on profit margins. Lastly, a higher degree of standardization of cooperatives and products more clearly evidences the role played by e-commerce, including the number of brands and certification. Overall, this research provides a micro-foundation for cooperatives to better incorporate the key role of e-commerce under the background of platform monopoly and sheds light on how the government can formulate relevant policies to better support China’s e-commerce development.

APA, Harvard, Vancouver, ISO, and other styles

11

Meyer, Jan, and Clifford A. Whitcomb. "Theoretical Approach to Profit-Maximizing Design Margin Selection." Journal of Ship Production 20, no. 01 (February 1, 2004): 16–23. http://dx.doi.org/10.5957/jsp.2004.20.1.16.

Full text

Abstract:

Design margins on speed or weight (to name just two) are used to ensure performance of a ship design given uncertainties in the design models or the production process. Although facing a high probability of meeting all performance requirements is very desirable, this assurance also comes at a price. When designers have the choice to set multiple margins, which all have some interacting effect on the vessel's performance, the problem of choosing a profit-optimal margin combination becomes nontrivial. This paper outlines a theoretical approach to margin selection using Pareto frontiers and summarizes Whitcomb and Meyer (2000) in which this theory is applied using numerical methods.

APA, Harvard, Vancouver, ISO, and other styles

12

den Hertog, René G. J., and A. Roy Thurik. "Expectations and retail profit margins." International Review of Retail, Distribution and Consumer Research 2, no. 3 (July 1992): 263–82. http://dx.doi.org/10.1080/09593969200000024.

Full text

APA, Harvard, Vancouver, ISO, and other styles

13

Potjes, Jeroen C. A., and A. Roy Thurik. "Profit margins in Japanese retailing." Japan and the World Economy 5, no. 4 (December 1993): 337–62. http://dx.doi.org/10.1016/0922-1425(93)90003-m.

Full text

APA, Harvard, Vancouver, ISO, and other styles

14

KALECKI., M. "THE PROBLEM OF PROFIT MARGINS." Bulletin of the Oxford University Institute of Economics & Statistics 4, no. 5 (May 1, 2009): 114–17. http://dx.doi.org/10.1111/j.1468-0084.1942.mp4005002.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

15

Vetter, Henrik. "Safety margins versus profit maximization." Managerial and Decision Economics 39, no. 4 (February 6, 2018): 418–24. http://dx.doi.org/10.1002/mde.2914.

Full text

APA, Harvard, Vancouver, ISO, and other styles

16

Kaldor, Nicholas, and Joan Robinson. "PROFIT MARGINS INQUIRY: Note on alternative hypotheses as to the determination of Profit Margins." Review of Political Economy 12, no. 3 (July 2000): 267–71. http://dx.doi.org/10.1080/09538250050127445.

Full text

APA, Harvard, Vancouver, ISO, and other styles

17

Amir, Eli, Eti Einhorn, and Itay Kama. "Extracting Sustainable Earnings from Profit Margins." European Accounting Review 22, no. 4 (December 2013): 685–718. http://dx.doi.org/10.1080/09638180.2012.749067.

Full text

APA, Harvard, Vancouver, ISO, and other styles

18

Cheng, C. S. Agnes, K. C. Kenneth Chu, and James Ohlson. "Analyst forecasts: sales and profit margins." Review of Accounting Studies 25, no. 1 (January 14, 2020): 54–83. http://dx.doi.org/10.1007/s11142-019-09521-z.

Full text

APA, Harvard, Vancouver, ISO, and other styles

19

van den Berg, Marcel, Charles van Marrewijk, and Saara Tamminen. "Trade, productivity and profitability: On profit levels and profit margins." World Economy 41, no. 8 (February 22, 2018): 2149–74. http://dx.doi.org/10.1111/twec.12630.

Full text

APA, Harvard, Vancouver, ISO, and other styles

20

Fatmawati, Nurlaila, and Damsi Rofiqoh Indriyani. "ANALISIS PEMASARAN GULA MERAH DI DESA SEPARE KECAMATAN LOANO KABUPATEN PURWOREJO." AGRONU: JURNAL AGROTEKNOLOGI 1, no. 02 (July 31, 2022): 62–70. http://dx.doi.org/10.53863/agronu.v1i02.476.

Full text

Abstract:

Separe Village, Loano District, Purworejo Regency was chosen as a research site to analyze the marketing of brown sugar craftsmen. This study aims to determine the institutions involved and the marketing channels, marketing margins, farmer's share, and the ratio of profits and costs. The results showed that there are 2 types of brown sugar marketing channels in Separe Village, Loano District, Purworejo Regency, namely marketing channel I including craftsmen, retailers, and consumers and marketing channel II including craftsmen, collectors, retailers, and consumers. Marketing channel I has a marketing margin of Rp. 758/kg, farmer's share is 94.77% and the profit and cost ratio is 24.27. Meanwhile, marketing channel II has a marketing margin of Rp. 1258/kg, farmer's share is 91.16% and the profit and cost ratio is 18.35. Both channels are classified as efficient, but the most efficient is marketing channel I. Keywords: farmer's share, marketing margin,, marketing channel, profit ratio

APA, Harvard, Vancouver, ISO, and other styles

21

Sloan, Frank A., Jan Ostermann, and Christopher J. Conover. "Antecedents of Hospital Ownership Conversions, Mergers, and Closures." INQUIRY: The Journal of Health Care Organization, Provision, and Financing 40, no. 1 (February 2003): 39–56. http://dx.doi.org/10.5034/inquiryjrnl_40.1.39.

Full text

Abstract:

This study assesses the determinants of conversions in hospital ownership from 1986 through 1996. To place such changes in context, we also analyze causes of hospital mergers and closures, which are often alternatives to hospital ownership conversion. A consistent result from our analysis is that an important antecedent of ownership conversions is a low profit margin. Conversions from private nonprofit or government ownership to for-profit status are preceded by chronically low margins and high debt-to-asset ratios. By contrast, conversions from for-profit ownership occur quickly following declines in margins. Many mergers seem motivated by a desire to increase market power—a consideration not evident for conversions.

APA, Harvard, Vancouver, ISO, and other styles

22

Roni, May, Meriyati Meriyati, and Agus Hermanto. "Capital Structure Changes in the Automotive Sector Affected By Financial Performance." El-Barka: Journal of Islamic Economics and Business 4, no. 1 (July 5, 2021): 108–33. http://dx.doi.org/10.21154/elbarka.v4i1.3086.

Full text

Abstract:

The purpose of this study was to determine the effect of financial performance to changes in capital structure. Data analysis techniques using multiple linear regression with panel data approach that uses statistical test equipment EViews 7. The results showed that the variable gross profit margins (GPM), net profit margins (NPM), and return on investment (ROI) significantly influence the debt equity ratio (DER). F test results simultaneously shows that there is no significant effect between gross profit margins (GPM), net profit margins (NPM), and return on investment (ROI) on the capital structure (debt equity ratio). The theory of capital structure that supports this research is Balancing Theory. Tujuan penelitian ini adalah untuk mengetahui pengaruh Kinerja Keuangan terhadap perubahan Struktur Modal. Teknik analisis data menggunakan Regresi linier berganda dengan pendekatan data panel yang menggunakan alat uji statistik EViews 7. Hasil penelitian menunjukkan bahwa variabel gross profit margins (GPM), net profit margins (NPM), dan return on investment (ROI) berpengaruh signifikan terhadap debt equity ratio (DER). Hasil uji F secara simultan terdapat pengaruh yang tidak signifikan antara gross profit margins (GPM), net profit margins (NPM), dan return on investment (ROI) terhadap Struktur Modal (debt equity ratio). Teori struktur modal yang mendukung penelitian ini adalah Balancing Theory.

APA, Harvard, Vancouver, ISO, and other styles

23

Putri, Norisa, and Erly Mulyani. "Pengaruh Rasio Hutang, Profit Margin Dan Ukuran Perusahaan Terhadap Financial Distress." JURNAL EKSPLORASI AKUNTANSI 1, no. 4 (December 5, 2019): 1968–83. http://dx.doi.org/10.24036/jea.v1i4.189.

Full text

Abstract:

This study aims to examine the effect of debt ratio, profit margins, and firm size on financial distress. This research is classified as causative research. The population in this study is the main sector companies listed on the Indonesia Stock Exchange in 2013-2017. The sample collection technique in this study used a purposive sampling method, then 25 companies were obtained as a research sample. Financial distress variable is measured using the Zmijewsky Score model, debt ratio variable is measured by debt to total assets, profit margin variable is measured by net profit margin and firm size variable is measured by log of total assets. The type of data used is secondary data obtained from www.idx.co.id. The analytical method used is panel regression analysis. The empirical results of this study indicate that the debt ratio has a positive and significant effect on financial distress, profit margins have a negative and significant effect on financial distress, and firm size has a negative and significant effect on financial distress

APA, Harvard, Vancouver, ISO, and other styles

24

Azis, Yusuf, and Ibnu Husin. "Efisiensi Pemasaran Sapi Potong di Kecamatan Takisung Kabupaten Tanah Laut Provinsi Kalimantan Selatan." Journal of Agricultural Socio-Economics (JASE) 2, no. 1 (August 24, 2021): 17. http://dx.doi.org/10.33474/jase.v2i1.13036.

Full text

Abstract:

Takisung District is one of the centers for beef cattle in Tanah Laut Regency. In creating an efficient and profitable marketing system for both farmers and consumers, farmers must choose short marketing channels. This study aims to identify the shape of the beef cattle marketing channel, determine the costs, benefits, margins, and farmer's share, and the marketing efficiency received by beef cattle producers. This research was conducted in Takisung District, Tanah Laut Regency. The sample villages were chosen deliberately, namely the three villages with the highest number of farmers (Source Makmur Village, Takisung Village, and Gunung Makmur Village). The sample of farmer respondents in each village was chosen randomly in proportion, with a total sample of 30 farmers. To select local traders and cutting traders, the snowball sampling method was used. The study was conducted from March to May 2020. The results showed that there were 4 forms of beef cattle marketing channels, namely Channel I (breeders – consumers), Channel II (breeders – slaughterers-consumers), Channel III (breeders – local traders – consumers), and Channel IV (breeders – local traders – slaughterers – consumers). Furthermore, costs, profits, margins, and farmer's share per head of cattle as well as marketing efficiency for each marketing channel, namely channel 1 with costs, profits, and marketing margins of Rp.0 and farmer's share get 100% results. Channel 2 with a cost of Rp. 570,000, a profit of Rp. 4,950,000 and a margin of Rp. 5,520,000 and a farmer's share with a yield of 73.74%. Furthermore, channel 3 with a cost of Rp.243,000, a profit of Rp.457,000, and a margin of Rp.700,000, and farmer's share obtained a yield of 95.39%. Finally, channel 4 with a cost of Rp. 1,766,000, a profit of Rp. 5,124,000 and a margin of Rp. 5,920,000 and farmer's share getting 71.84% results. Economically, beef cattle marketing can be said to be relatively efficient in all marketing channels. The most efficient marketing channels are channel 1 and channel 3.

APA, Harvard, Vancouver, ISO, and other styles

25

Lukman Surjadi, Yusuf Efendi,. "ANALISIS FAKTOR YANG DAPAT MEMPENGARUHI INCOME SMOOTHING PADA PERUSAHAAN MANUFAKTUR DI BEI." Jurnal Paradigma Akuntansi 2, no. 3 (October 9, 2020): 1175. http://dx.doi.org/10.24912/jpa.v2i3.9544.

Full text

Abstract:

The purpose of this study is to empirically examine the influence of firm size, return on asset, net profit margins, and financial leverage towards income smoothing practice in manufacturing companies listed in Indonesia Stock Exchange from period 2016 – 2018. This study used 62 data from manufacturing companies that have been selected using purposive sampling method with total 186 data for three years. The data used are secondary data in the form of financial statements. This research used econometric views (E-Views) version 10 software to process the data. The result of research shows that return on asset has negative significant and net profit margnis has positive significant influence towards income smoothing practice, firm size and net profit margins have no significant influence towards income smoothing practice.

APA, Harvard, Vancouver, ISO, and other styles

26

Meyer, Jan, and Clifford A. Whitcomb. "Numerical Method for Design Margin Selection." Journal of Ship Production 20, no. 01 (February 1, 2004): 24–42. http://dx.doi.org/10.5957/jsp.2004.20.1.24.

Full text

Abstract:

Design margins on speed or weight growth, to name just two, are used to ensure performance of a ship design given uncertainties in the design models or the production process. Although facing a high probability of meeting all performance requirements is very desirable, this assurance also comes at a price. When designers have the choice to set multiple margins, which all have some interacting effect on the vessel's performance, the problem of choosing a profit-maximizing margin combination becomes nontrivial. Using a mathematical model of the design process in conjunction with a Monte Carlo simulation, this paper demonstrates how the theoretical approach to margin selection presented in Meyer and Whitcomb (2004) can be applied. From the theory the profit-maximizing margin combination can be found where the Pareto frontier in the construction cost versus expected penalty graph touches the highest iso-profit line. The results from the numerical simulation show that such a Pareto frontier does form and a good (close to optimal) margin selection can be selected. Furthermore, limiting the risk level for failing to meet the performance requirements appears to have only a small negative effect on profit. Finally, a Bayesian approach is suggested, when insufficient data are available for meaningful statistics.

APA, Harvard, Vancouver, ISO, and other styles

27

Prasetyo, Anang Febri, and Bayu Aminulloh Fatah. "Analisis Saluran Pemasaran Ayam Buras di Kabupaten Banyuwangi." Jurnal Ilmu Peternakan Terapan 2, no. 2 (August 7, 2019): 57–62. http://dx.doi.org/10.25047/jipt.v2i2.1424.

Full text

Abstract:

The aim of the study was to determine the forms of marketing channels for local chickens, find out the size of the margins and the benefits of each party involved in the marketing of local chickens, find out the level of efficiency in each form of local chicken marketing channels in Banyuwangi regency. The number of respondents is as many as 195 respondents consisting of breeders, collectors, wholesalers, Chicken Slaughterhouses, retailers and consumers. The method used is descriptive analysis method and mathematical analysis. The results showed that there were 4 forms of marketing channels for local chickens in Banyuwangi Regency. Channel 1 (breeders to consumers), channel 2 (breeders, collectors and consumers), channel 3 (breeders, collectors, wholesalers and consumers), channel 4 (breeders, collectors, wholesalers, Chicken Slaughterhouses, retailers and consumers). The largest total marketing margin was in channel 4, which was Rp51,000.00 and the smallest total margin was in channel 1 of Rp0,00. The highest number of profits in the marketing of local chickens in Banyuwangi Regency was in channel 4 Chicken Slaughterhouse of Rp15,433.33 per chicken and the smallest profit in channel 2 traders is Rp5,893.37 per chicken, for the largest percentage of profit from the marketing of local chickens in the Regency Banyuwangi is in channel 4 Chicken Slaughterhouse at 31% and for the smallest percentage of profit is channel 1 farmer by 5%. The level of marketing efficiency of native chickens in Banyuwangi Regency based on marketing costs and marketing margins is declared efficient.

APA, Harvard, Vancouver, ISO, and other styles

28

Geroski, Paul. "Entry and the dynamics of profit margins." Revue d’économie industrielle 54, no. 1 (1990): 7–21. http://dx.doi.org/10.3406/rei.1990.973.

Full text

APA, Harvard, Vancouver, ISO, and other styles

29

Yilmazkuday, Hakan. "Profit margins in U.S. domestic airline routes." Transport Policy 114 (December 2021): 245–51. http://dx.doi.org/10.1016/j.tranpol.2021.10.010.

Full text

APA, Harvard, Vancouver, ISO, and other styles

30

den Hertog, René G. J., Jeroen C. A. Potjes, and A. Roy Thurik. "Retail profit margins in Japan and Germany." Review of World Economics 130, no. 2 (June 1994): 375–90. http://dx.doi.org/10.1007/bf02707715.

Full text

APA, Harvard, Vancouver, ISO, and other styles

31

Agrawal, Vikas, Leigh Hartman, Clayton Rasberry, and Gordon Arbogast. "The impact of gender and profit margin on the duration of hiring process for professional service firms." Evidence-based HRM: a Global Forum for Empirical Scholarship 6, no. 2 (August 6, 2018): 153–65. http://dx.doi.org/10.1108/ebhrm-10-2017-0055.

Full text

Abstract:

Purpose The purpose of this paper is to explore the impact of recruiter gender and profit margin on the duration of the hiring process in professional services firms (PSFs). Design/methodology/approach In evaluating over 500 recruiting transactions in a PSF, a factorial ANOVA was performed to determine if there is a significant interaction between recruiter gender and profit margin on days it take to fill an open position. Findings The results suggest a significant interaction exists between the recruiter gender and profit margin variables in effect on days that it takes to fill an open position. At lower job position profit margins, female recruiters were found to outperform their male counterparts. Conversely, at higher job position profit margins, male recruiters appear to outperform female recruiters. Research limitations/implications This research is focused on the duration of the recruiting process and does not address the quality of candidate selection. An evaluation of the quality of candidate selection contrasted with the time it takes to hire should be an essential consideration for future research. Practical implications If job vacancies remain vacant at client firms for an extended period, this could adversely impact the financial and reputational health of small PSFs. By focusing on key variables that impact the recruiting timeline, management may be able to consider interventions that would improve both the recruiting process and firm’s financial health. Originality/value This study provides a unique contribution by focusing on the recruiting timeline, recruiter gender, profit margin, and the resulting ability of a PSF to proactively manage its revenue.

APA, Harvard, Vancouver, ISO, and other styles

32

Sumantri, Sumantri, and Albetris Albetris. "ANALYSIS OF WORKING CAPITAL AND FINANCIAL PERFORMANCE OF SHARIA BANKING INDUSTRY INMANDIRI SYARIAH BANK JAMBI." Dinasti International Journal of Economics, Finance & Accounting 1, no. 5 (November 22, 2020): 807–22. http://dx.doi.org/10.38035/dijefa.v1i5.609.

Full text

Abstract:

The purpose of this study is to find out working capital in an independent Islamic bank, the financial performance of an independent Islamic bank in Jambi by using a liquidity ratio analysis tool (current ratio, cash ratio) and profitability ratio (profit margin) and there is also a significant relationship between current ratio cash ratios and profit margins with working capital at the Islamic bank Mandiri jambi. The analytical tool used is multiple linear regression. Study the significant relationship between current ratio (X1), cash ratio (X2) profit margin (X3) as the independent variable and working capital as the dependent variable. The results of working capital analysis at the jambi independent Islamic bank have fixed assets and current assets with a total average current assets from 2016 to 2019 of Rp 88,919,015.5 and for average fixed assets from 2016 to 2019 of IDR 856,841.06. Analysis results Financial performance through liquidity ratios namely current ratio and cash ratio obtained an average current ratio from 2016 to 2019 of 115.67%, and obtained an average cash ratio from 2016 to 2019 of 1.55%. For profitability ratios namely profit margins can be obtained an average profit margin from 2016 to 2019 of 72.82% with very good criteria because it exceeds the maximum limit of the standard ratio. The test results on the relationship of the current ratio, cash ratio and profit margin with working capital obtained a person correlation current ratio of 1,000 means perfect correlation and there is a relationship between the current ratio with working capital. For cash ratio with a person correlation value of cash ratio of 1,000 means perfect correlation and there is a relationship between cash ratio and working capital. For the value of person correlation margin of 1,000 means that it means perfect correlation and there is a relationship between profit margin and working capital. It can be concluded that working capital influences the current ratio, cash ratio and profit margin.

APA, Harvard, Vancouver, ISO, and other styles

33

Jannah, Roudhatul, Dadang Husen Sobana, and Sulaeman Jajuli. "PENGARUH MARGIN LABA KOTOR DAN MARGIN LABA OPERASIONAL TERHADAP PERTUMBUHAN PENDAPATAN PADA PT. ACE HARDWARE INDONESIA, TBK." Finansha- Journal of Sharia Financial Management 1, no. 1 (November 16, 2020): 52–60. http://dx.doi.org/10.15575/fsfm.v1i1.10050.

Full text

Abstract:

AbstractThis article is motivated by the assumption of stable income growth indicating the efficiency of the company in managing its operating activities, and its human resources to increase profitability. This article aims to determine whether the gross profit margin and operating profit margin are factors that affect revenue growth at PT. ACE Hardware Indonesia, Tbk. This article also uses descriptive methods and quantitative approaches. Research data is secondary data taken from the financial statements of PT. ACE Hardware Indonesia, Tbk. and supported by literature study and documentation, which were processed statistically and quantitatively using SPSS. The results of this study conclude that both partially and simultaneously, the gross profit margin and the operating profit margin do not have a significant effect on the growth of PT. ACE Hardware Indonesia, Tbk. The implication of this research is that companies must pay attention to other factors to increase revenue growth, besides that the company must control operating expenses as well as cost of goods sold in order to maximize the increase in operating profit margins and gross profit margins. Keywords: Gross Profit Margin, Operating Profit Margin, Income Growth AbstrakArtikel ini dilatarbelakangi oleh asumsi pertumbuhan pendapatan yang stabil mengindikasikan efisiensi perusahaan dalam mengelola kegiatan operasi, dan sumber daya manusianya untuk meningkatkan profitabilitas. Artikel ini bertujuan untuk mengetahui apakah margin laba kotor dan margin laba operasional menjadi faktor yang mempengaruhi pertumbuhan pendapatan pada PT. ACE Hardware Indonesia, Tbk. Artikel ini juga menggunakan metode deskriptif dan pendekatan kuantitatif. Data penelitian merupakan data sekunder yang diambil dari laporan keuangan PT. ACE Hardware Indonesia, Tbk. dan didukung dengan studi kepustakaan dan dokumentasi, yang diolah secara statistik dan kuantitatif menggunakan SPSS. Hasil penelitian ini menyimpulkan baik secara parsial dan simultan, margin laba kotor dan margin laba operasional tidak memiliki pengaruh yang signifikan terhadap pertumbuhan pendapatan PT. ACE Hardware Indonesia, Tbk. Implikasi dari penelitian ini adalah perusahaan harus memperhatikan faktor lain untuk meningkatkan pertumbuhan pendapatan, selain itu juga perusahaan harus mengontrol beban-beban operasional juga beban pokok penjualan agar maksimal menaikkan margin laba operasional dan margin laba kotor. Kata kunci: Margin Laba Kotor, Margin Laba Operasional, Pertumbuhan Pendapatan

APA, Harvard, Vancouver, ISO, and other styles

34

Lilimantik, Emmy. "MARKETING MARGIN OF CLIMBING PERCH WITH BIOFLOC CULTURE SYSTEM IN BANJARMASIN CITY SOUTH KALIMANTAN." International Journal of Scientific Research and Management 8, no. 12 (December 5, 2020): 2003–10. http://dx.doi.org/10.18535/ijsrm/v8i12.em01.

Full text

Abstract:

Abstract This research aims to determine the pattern of marketing channels and marketing margin of climbing perch produced by the biofloc system cultivation in Banjarmasin, South Kalimantan. The sample of the producers was determined using the census method, while the sample of middlemen was determined using the snowball sampling method. The analysis used are (a) analysis of marketing channel patterns and (b) analysis of marketing margins, the data used consists of primary data and secondary data. The results of the analysis show (a) the marketing of climbing perch from the cultivation of the biofloc system consists of two channels and (b) the total amount of marketing margin is 11.300 IDR with details (a) the marketing cost incurred by the middlemen is 2.500 IDR and by the retailers is 2.456 IDR; (b) the profit received by the middlemen is 2.800 IDR and the retailers 3.544 IDR. The profit distribution is bigger than the distribution of the marketing costs, as a result, the profits received by the seller (i.e. middlemen, retailers) are higher than the amount of marketing costs incurred. These conclude that marketing from the side of seller (i.e. middlemen, retailers) is efficient. Keywords: Climbing perch, middlemen, retailers, marketing channels and marketing margins.

APA, Harvard, Vancouver, ISO, and other styles

35

Govindasamy, Ramu, John Italia, Marta Zurbriggen, and Ferdaus Hossain. "Producer satisfaction with returns from farmers' market related activity." American Journal of Alternative Agriculture 18, no. 2 (June 2003): 80–86. http://dx.doi.org/10.1079/ajaa200238.

Full text

Abstract:

AbstractOver 61% of farmers who sell agricultural products through farmers' markets are satisfied with the returns they generate. Producers who are 50 years of age or older and those who retail at least 70% of the dollar value of the products are more likely to be highly satisfied with their profit margin from farmers' markets. A strong positive relationship is documented between profit margin satisfaction and growers who offer organic produce for sale. Furthermore, the results suggest that producers with farmers' market businesses in the growing stage are more likely to be highly satisfied with profit margins.

APA, Harvard, Vancouver, ISO, and other styles

36

Shin, Dong Yeong, Robert Weech-Maldonado, and Jongwha Chang. "The Relationship Between Nurse Staffing, Quality, And Financial Performance In Hospitals." Archives of Business Research 8, no. 7 (August 8, 2020): 513–31. http://dx.doi.org/10.14738/abr.87.8745.

Full text

Abstract:

Little evidence exists the relationship of nurse staffing and quality with financial performance in hospitals. This study aimed to measure the relationship between nurse staffing, quality of care, and profitability in hospitals. This study used longitudinal panel datasets from 2006 to 2010, drawn from various datasets including the American Hospital Association Annual Survey Database, Medicare Cost Report, and Hospital Compare Data. This study used the random-effects linear regression model to measure the relationship between nurse staffing, quality, and profitability. In addition, we tested a mediating effect of quality on the relationship between nurse staffing and profitability. This study found nurse staffing’s significant association with quality and profitability in hospitals. First, compared to hospitals in the lowest quintile of RNs per 1,000 inpatient days, hospitals in the higher quintiles had lower pneumonia readmission rates, and higher total profit margins, operating margins, and cash flow margins. In addition, hospitals with lower pneumonia readmission rates were found to have higher total profit margins and cash flow margins. Lastly, the current study found that the positive relationship between RNs per 1,000 inpatient days and total profit margin and cash flow margin was partially mediated by pneumonia readmission rates. In conclusion, our finding that nurse staffing is positively associated with both quality of care and profitability in hospitals suggests that the idea of hospitals responding to financial pressures by cutting RN resources with a goal of greater profitability should be called into question. The influence of lower RN staffing levels on higher profitability for hospitals is uncertain, while it is possible that RN staff reductions may compromise the quality of patient care.

APA, Harvard, Vancouver, ISO, and other styles

37

Rachmat, Radhi Abdul Halim, and Ii Halilah. "PENGARUH EFEKTIFITAS PENGELOLAAN MODAL KERJA DAN AKTIVA TETAP TERHADAP NET PROFIT MARGIN." Jurnal Riset Bisnis dan Investasi 1, no. 3 (January 26, 2016): 12. http://dx.doi.org/10.35697/jrbi.v1i3.51.

Full text

Abstract:

Working capital and fixed assets is an important component in the internal aspects of a company, with an investment in working capital and fixed assets expected the company is able to obtain the maximum level of profitability. This study aims to determine the extent to which influence effectiveness of working capital and the effectiveness of fixed assets to Net Profit Margin. From the test results simultaneously using the F test, it can be concluded that the effectiveness of the management of working capital and fixed assets Net effect on profit margins. From the results of the partial testing using t test, for the dependent variable is the net profit margin then it can be concluded that the effectiveness of the management of working capital is not partial effect on the profit margin ratio and effectiveness of the management of fixed assets partial effect on the profit margin ratio.

APA, Harvard, Vancouver, ISO, and other styles

38

Ningrum, Mawar Prasetya, Erni Setiawati, and Umar Hi Salim. "ANALISIS RASIO PROFITABILITAS PADA PT BANK PEMBANGUNAN DAERAH KALIMANTAN TIMUR DAN KALIMANTAN KALIMANTAN UTARA PERIODE 2014-2018." OBOR: Oikonomia Borneo 2, no. 2 (May 10, 2022): 15–22. http://dx.doi.org/10.24903/obor.v2i2.653.

Full text

Abstract:

Tujuan penelitian ini adalah untuk menganalisis dan menjelaskan mengenai perubahan rasio profitabilitas pada PT Bank Pembangunan Daerah Kaltim Kaltara dalam periode akuntansi tahun 2014-2018. Metode penelitian ini bersifat deskriptif kuantitatif. Alat analisis yang digunakan dalam penelitian ini adalah Marjin Laba Bersih (Net Profit Margin), Pengembalian Modal Saham (Return on Equity Capital), Pengembalian Total Aset (Return on Total Assets), Margins Bunga Atas Pinjaman (Interest Margin on Loans), Pengembalian Investasi (Return on Investment), Penghasilan Per Saham (Earning per Share). Dari hasil analisis diketahui bahwa nilai rasio profitabilitas yang diukur dengan Marjin Laba Bersih (Net Profit Margin), Pengembalian Modal Saham (Return on Equity Capital), Pengembalian Total Aset (Return on Total Assets), Margins Bunga Atas Pinjaman (Interest Margin on Loans), Pengembalian Investasi (Return on Investment), Penghasilan Per Saham (Earning per Share) masing-masing berfluktuasi sesuai dengan biaya dan pendapatan pada bank. Hasil perhitungan menunjukkan fluktuasi pada nilai setiap rasio pada setiap tahunnya, sehingga hipotesa yang diajukan ditolak. Kata kunci : Rasio Profitabilitas

APA, Harvard, Vancouver, ISO, and other styles

39

Meng, Tian, Mengnan Sun, Yixuan Zhao, and Bo Zhu. "Analysis of the Impact of Interest Rate Liberalization on Financial Services Management in Chinese Commercial Banks." Scientific Programming 2020 (August 3, 2020): 1–11. http://dx.doi.org/10.1155/2020/8860076.

Full text

Abstract:

With the advancement of China's interest rate marketization reform, commercial banks' net interest margin has narrowed. This paper selects 16 representative listed banks as the research object and conducts an empirical analysis from the two dimensions: profit level and profit structure. The study finds that the marketization of interest rates promoted the narrowing of net interest margins caused by the narrowing of net interest margins, and the profitability of commercial banks was suppressed. The narrowing of net interest spreads forced commercial banks to actively expand their intermediate business activities and adjust business structure correspondingly. The narrowing of net interest spreads has different impacts on the profitability of commercial banks of different sizes.

APA, Harvard, Vancouver, ISO, and other styles

40

Paraje, Guillermo, Daniela Montes de Oca, Juan Marcos Wlasiuk, Mario Canales, and Barry M. Popkin. "Front-of-Pack Labeling in Chile: Effects on Employment, Real Wages, and Firms’ Profits after Three Years of Its Implementation." Nutrients 14, no. 2 (January 11, 2022): 295. http://dx.doi.org/10.3390/nu14020295.

Full text

Abstract:

This study evaluates the impact of Chile’s innovative law on Food Labeling and Advertising, enacted in June 2016, on employment and real wages and profit margins for the food and beverage manufacturing sectors in the 2016–2019 period, using unique company-specific monthly data from Chile’s tax collection agency (measuring aggregate employment, real wages, average size of firms, and gross profit margins of the food and beverage manufacturing sector). Interrupted-time series analyses (ITSA) on administrative data from tax-paying firms was used and compared to synthetic control groups of sectors not affected by the regulations. ITSA results show no effect on aggregate employment nor on the average size of the firms, while they show negligible effects on real wages and gross margin of profits (as proportion of total sales), after the first two stages of the implementation (36 months), despite significant decreases in consumption in certain categories (sugar-sweetened beverages, breakfast cereals, etc.). Despite the large declines found in purchases of unhealthy foods, employment did not change and impacts on other economic outcomes were small. Though Chile’s law, is peculiar there is no reason to believe that if similar regulations were adopted elsewhere, they would have different results.

APA, Harvard, Vancouver, ISO, and other styles

41

Ferdiansyah, Doni. "ANALISIS EFISIENSI PEMASARAN BUDIDAYA RUMPUT LAUT (Eucheuma Cottonii) DI KABUPATEN SUMENEP." Jurnal Agrosains: Karya Kreatif dan Inovatif 4, no. 2 (December 30, 2017): 11. http://dx.doi.org/10.31102/agrosains.2017.4.2.11-24.

Full text

Abstract:

This research was conducted at the Central Pakandengan District of Bluto Sumenep, with the aim of: (1) determine the marketing channels and marketing functions, (2) calculate the amount of marketing and profit margins, (3) calculate the percentage level of marketing efficiency at each institution seaweed marketing. Sampling method on farmers is done by using simple random sampling number of 30 respondents and sample marketing agencies using snowball sampling, whereas the method of analysis using the marketing margin analysis, marketing distribution, farmer's share and marketing efficiency. The results show that the first discussion, the marketing channel in the Middle Pekandengan village there are two channels, namely farmer - traders - wholesalers - enterprises and farmers - traders - companies. Marketing functions performed by each agencymarketing is exchange function which consists of sales and purchases, as well as physical function consists of drying, storage, packaging and transport. Second, marketing and profit margins every marketing agencies in each marketing channel is the first marketing channels total marketing margin is Rp. 10,500/kg and the total profit was Rp. 10,250/kg, while the marketing channel II total marketing margin is Rp. 6,000/kg and the total profit was Rp. 5,850/kg. Third, based on the percentage level of efficiency is <50% means it efficiently. I value marketing channel efficiency by 2.08% while the value of the second marketing channel efficiency of 0.83% .

APA, Harvard, Vancouver, ISO, and other styles

42

Naning Fatmawatie. "Implementation of Break Event Point Analysis and Margin of Safety in Profit Planning." Idarotuna : Journal of Administrative Science 2, no. 2 (December 26, 2021): 132–46. http://dx.doi.org/10.54471/idarotuna.v2i2.20.

Full text

Abstract:

The break event point is a certain amount of production that the company must achieve to reach the break-even point (no profit and / no loss). Margin of safety is the amount of production required so that the company does not suffer losses. The determination of the margin of safety is closely related to the break event point, where the margin of safety is at one level above the break event point in terms of determining the minimum sales required. Both of these are some of the instruments that can be used to plan profits. The purpose of this study was to determine the application of break event point analysis at PT. Beton Jaya Manunggal, knowing the application of margin of safety analysis and to determine profit planning at PT. Jaya Manunggal Concrete. This study uses a non-statistical quantitative approach. The data used in this study is secondary data through PT. Manunggal Jaya Concrete in 2014-2018. The analysis method uses the least square method to plan the net profit of PT. Beton Jaya Manunggal in 2019 with reference to the net sales plan. The result of this research is the break event point of PT. Beton Jaya Manunggal in 2014 – 2018 showed a positive trend with the break event point being above the current year's production during 2015 – 2016. Margin of safety PT. Beton Jaya Manunggal in 2014 – 2018 showed an upward trend with negative margins throughout 2015 – 2016. Profit planning using least squares with reference to net sales planning is quite accurate considering that there is only a difference of 2% above net sales recorded in the 2019 financial statements. Net profit PT. Beton Jaya Manunggal was recorded in 2019 at 1.3 billion Rupiah so that profit planning was not carried out based on the consideration that the recorded profit was less or showed a downward trend when compared to the net profit trend in 2014 – 2018.

APA, Harvard, Vancouver, ISO, and other styles

43

Nurkholifah, Siti, and Muhammad Faisyal Abdullah. "ANALISIS PENGARUH INFLASI DAN PERTUMBUHAN BIAYA PRODUKSI TERHADAP PROFIT MARGIN PADA PERUSAHAAN FOOD AND BEVERAGES YANG GO PUBLIK DI BEI." Jurnal Ekonomi Pembangunan 8, no. 1 (July 1, 2010): 293. http://dx.doi.org/10.22219/jep.v8i1.3604.

Full text

Abstract:

Inflation and Growth in the company's profit margin than Food and Beverages. Analysis tools used in this study is panel data regression, a combination of two data time series and cross section can provide more data so that it will generate degree of freedom (df) is greater, to determine the effect between inflation and growth in production cost profit margin ratio. Based on the conclusion, it can be concluded that the rate of inflation and growth in production costs affect the level of corporate profit margins at the Food and Beverages during the period 2005-2008 with a coefficient of determination equal to 96.83%. Partially between the inflation rate did not negatively affect the profit margin between the rate of inflation while the growth rate positively affects the production cost. So that can be implicated to obtain a high level of profit margin, then for company management to pay more attention to the level of growth in production costs, such as looking for suppliers who provide raw material prices are much cheaper so that more efficient control of production costs.

APA, Harvard, Vancouver, ISO, and other styles

44

Ramadhan, Bagja Pasca, Acep Samsudin, and Dicky Jhoansyah. "Analisis Efektivitas Perusahaan dengan Model Du Pont System." BUDGETING : Journal of Business, Management and Accounting 1, no. 1 (September 17, 2019): 10–20. http://dx.doi.org/10.31539/budgeting.v1i1.780.

Full text

Abstract:

This study aims to determine the Du Pont System model in analyzing the effectiveness of the company's operations in generating profits at PT. Gajah Tunggal Tbk. This study uses quantitative descriptive analysis techniques that are used to describe in measuring the effectiveness of the company after carrying out calculations with the figures that have been included in the components or formulas contained in the Du Pont System model that is the Profitability Ratio consisting of Net Profit Margins (Net Profit Margin) and Return on Investment (Return On Investment), then Activity Ratio which consists of Total Asset Turnover. Conclusion, the effectiveness of the company for five years is considered not good seeing the decline that occurred in several aspects that could affect the final value of the Du Pont System. Keywords: Company Effectiveness, Du Pont System

APA, Harvard, Vancouver, ISO, and other styles

45

Conyon, M., and S. Machin. "The Determination of Profit Margins in UK Manufacturing." Journal of Industrial Economics 39, no. 4 (June 1991): 369. http://dx.doi.org/10.2307/2098437.

Full text

APA, Harvard, Vancouver, ISO, and other styles

46

Ertan, Aytekin, Stefan Lewellen, and Jacob K. Thomas. "Do Profit Margins Expand for High Growth Firms?" Journal of Management Accounting Research 32, no. 3 (January 17, 2020): 117–35. http://dx.doi.org/10.2308/jmar-18-079.

Full text

Abstract:

ABSTRACT It is common in business analyses to invoke different efficiencies generated by scale. Growth is associated with declining average costs/sales and rising profit margins. Factors cited include the relatively fixed nature of some costs, increased bargaining power, and network effects. We investigate how different cost lines evolve for a sample of U.S. firms after their IPO. To our surprise, costs/sales do not generally decline and margins do not increase, even during the early years when growth is highest. We observe similar results for other samples of domestic and overseas firms, both public and private. We explore possible explanations for our results and discuss implications, especially for cost allocation and financial projections. JEL Classifications: G30; M13; M21; M41. Data Availability: Data are available from the public sources cited in the text.

APA, Harvard, Vancouver, ISO, and other styles

47

Kambhampati, Uma S., and Ashok Parikh. "Has liberalization affected profit margins in Indian Industry?" Bulletin of Economic Research 57, no. 3 (September 14, 2005): 273–304. http://dx.doi.org/10.1111/j.0307-3378.2005.00224.x.

Full text

APA, Harvard, Vancouver, ISO, and other styles

48

Krishnan, Trichy V., and Harsh Soni. "Guaranteed profit margins: A demonstration of retailer power." International Journal of Research in Marketing 14, no. 1 (February 1997): 35–56. http://dx.doi.org/10.1016/s0167-8116(96)00029-8.

Full text

APA, Harvard, Vancouver, ISO, and other styles

49

Fairfield, Patricia M., Karen A. Kitching, and Vicki Wei Tang. "Are special items informative about future profit margins?" Review of Accounting Studies 14, no. 2-3 (February 20, 2009): 204–36. http://dx.doi.org/10.1007/s11142-009-9084-9.

Full text

APA, Harvard, Vancouver, ISO, and other styles

50

Mikhalchuk, Vitaly. "The Impact of Domestic Mergers and Acquisitions on the Operating Profit Margins of Companies in Russia." Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 14, no. 1 (June 19, 2020): 69–79. http://dx.doi.org/10.17323/j.jcfr.2073-0438.14.1.2020.69-79.

Full text

Abstract:

This research paper studies the impact of domestic Russian mergers and acquisitions on the operating profit margin of companies participating in deals. The goal of the research is to evaluate the changes in operating profit margin, and to analyse the significance of factors affecting operating profit margin after deals have been concluded. The main scientific contribution of this research is the development of a methodology to analyse the effect of mergers and acquisitions on operating profit margins that takes into account the idiosyncratic features of the Russian market, and which can be used with limited information for analysis of private companies. The proposed methodology is based on benchmarking the operating profit margin of companies participating in a deal against the same variable for a portfolio of similar companies. Based on the analysis of recent studies, several explanatory variables were proposed to explain the changes in operating profit margin after the deal. Among these were included real GDP growth, type and value of the deal, book value of assets of the target company, as well as a number of control variables. A random effects model with robust standard errors was used to test the significance of factors affecting operating profit margin. This methodology was applied to a sample of 73 domestic Russian deals observed in the period 2012-2019. This research makes several practical contributions to the literature. In the studied sample, deals lead to an increase of operating profit margin by 4.6% relative to the period before the deal, and 2.5% relative to the benchmark portfolio. The highest growth of operating profit margin relative to the benchmark portfolio is observed 2 years after the deal. This growth is increased by the purchase of large companies in the same industry. There is a significant negative effect of the deal value and a strong indication that buyers tend to overpay for the target companies relative to their fair value. This research will be of practical use for persons in management positions to estimate the value of prospective deals, and for academic researchers interested in the analysis of mergers and acquisitions in emerging markets.

APA, Harvard, Vancouver, ISO, and other styles

Journal articles on the topic 'Profit margins'

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