• editor@ijmra.in
  • ISSN[Online] : 2643-9875  ||  ISSN[Print] : 2643-9840

VOLUME 04 ISSUE 12 December 2021

The Effect of Factors on Operational Efficiency and the Relationship between Operational Efficiency and Solvency of Logistics Joint-Stock Companies
1Long Thanh Le, 2Ha Thi Thu Nguyen
1,2Advanced Education Program Institute, National Economics University
DOI : https://doi.org/10.47191/ijmra/v4-i12-07

Google Scholar Download Pdf
ABSTRACT:

Operational Efficiency (OE) and solvency play an important role in the success of any enterprises. Therefore, studying the relationship between OE and solvency needs to be taken comprehensively and continuously in order to find out long –term solutions for increasing business effectiveness. This paper examines the determinants of OE and the relationship between OE and solvency of the logistics joint-stock companies (JSCs) listed on the Vietnam Stock market with answers for the above - mentioned issues. This study mainly investigates 30 listed logistics firms from 2014 to 2018. The findings of this study suggested that the relationship between OE and solvency of logistics JSCs is inversely correlation.

Keywords

Operational Efficiency, Solvency, Logistics JSCs.

REFERENCES

1) Ahmad, R. (2016). A study of relationship between liquidity and profitability of standard charterd bank Pakistan: Analysis of financial statement approach. Global Journal of Management and Business Research.

2) Amer, H. H., Moustafa, W., & Eldomiaty, T. (2011, June). Determinants of operating efficiency for lowly and highly competitive banks in Egypt. In Cambridge Business and Economics Conference (Vol. 1, pp. 1-35).

3) Beal, V. (2016). Operational Efficiency. cited 30/07/2016 from http://www. webopedia. com/TERM/O/operational_efficiency. html.

4) Bernstein, L.A. (1988). Financial statement analysis, theory, application, and interpretation, Journal of Accounting Research, Vol. 3, 61-80.

5) Burrows, M. (2012). Operational Efficiency-It’s not just about Cost Cutting. cited 30/07/2016 from http://www. bsmreview. com/oppseff. shtml.

6) Ehiedu, V. C. (2014). The impact of liquidity on profitability of some selected companies: The financial statement analysis (FSA) approach. Research Journal of Finance and Accounting, 5(5), 81-90.

7) Feng, C. M., & Wang, R. T. (2000). Performance evaluation for airlines including the consideration of financial ratios. Journal of Air Transport Management, 6(3), 133-142.

8) Gleason, K. C., Mathur, L. K., & Mathur, I. (2000). The interrelationship between culture, capital structure, and performance: evidence from European retailers. Journal of business research, 50(2), 185-191.

9) Hartman, D. How to Calculate the Maximization of Operational Efficiency. cited 30/07/2016 from http://smallbusiness. chron. com/calculate-maximization-operational-efficiency-35448. html.

10) Höbarth, L. L. (2006). Modeling the relationship between financial indicators and company performance. An empirical study for US-listed companies (Doctoral dissertation, WU Vienna University of Economics and Business).

11) Kokemuller, N. Operational Effectiveness Vs. Strategic Positioning. cited 30/07/2016 from http://www. ehow. com/info_8447934_operational-effectiveness-vs-strategic-positioning. html.

12) Kyule, J. (2015). Impact of Liquidity And Solvency On Financial Performance Of Firms Listed At The Nairobi Securities Exchange. Unpublished MSc Finance Project, University of Nairobi, 6(3), 526-533.

13) Lauterbach, B., & Vaninsky, A. (1999). Ownership structure and firm performance: Evidence from Israel. Journal of Management and Governance, 3(2), 189-201.

14) Memon, F., Bhutto, N. A., & Abbas, G. (2012). Capital structure and firm performance: A case of textile sector of Pakistan. Asian Journal of Business and Management Sciences, 1(9), 9-15.

15) Mudambi, R., & Nicosia, C. (1998). Ownership structure and firm performance: evidence from the UK financial services industry. Applied Financial Economics, 8(2), 175-180.

16) Nguyen Van Cong, Business Operation Analysis Textbook, National Economics Publisher, Hanoi, 2009.

17) Onaolapo, A. A., & Kajola, S. O. (2010). Capital structure and firm performance: Evidence from Nigeria. European Journal of Economics, Finance and Administrative Sciences, 25(1), 70-82.

18) Pentikäinen, T. (1952). On the net retention and solvency of insurance companies. Scandinavian Actuarial Journal, 1952(1-2), 71-92.

19) Raykov, E. (2017). The liquidity-profitability trade-off in Bulgaria in terms of the changed financial management functions during crisis. Management: journal of contemporary management issues, 22(1), 135-156.

20) Sandström, A. (2007). Solvency–a historical review and some pragmatic solutions. Mitteilungen der Schweizerischen Aktuarvereinigung, 1, 11-34

21) Siminica, M., Circiumaru, D., & Simion, D. (2012). The correlation between the return on assets and the measures of financial balance for Romanian companies. International journal of mathematical models and methods in applied sciences, 6(2), 232-253.

22) Tzelepis, D., & Skuras, D. (2004). The effects of regional capital subsidies on firm performance: an empirical study. Journal of Small Business and Enterprise Development.

23) Varadan S., “What Is the Meaning of Operational Efficiency?”, 2016, cited 30/07/2016 from http://www.ehow.com/about_6495198_meaning-operational-efficiency_.html>.

24) Zeitun, R., & Tian, G. G. (2007). Does ownership affect a firm's performance and default risk in Jordan?. Corporate Governance: The international journal of business in society.

VOLUME 04 ISSUE 12 December 2021

Our Services and Policies

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected.

The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

International Journal of Multidisciplinary Research and Analysis will publish 12 monthly online issues per year,IJMRA publishes articles as soon as the final copy-edited version is approved. IJMRA publishes articles and review papers of all subjects area.

Open access is a mechanism by which research outputs are distributed online, Hybrid open access journals, contain a mixture of open access articles and closed access articles.

International Journal of Multidisciplinary Research and Analysis initiate a call for research paper for Volume 07 Issue 04 ( April 2024).

PUBLICATION DATES:
1) Last Date of Submission : 25 April 2024 .
2) Article published within a week.
3) Submit Article : editor@ijmra.in or Online

Why with us

International Journal of Multidisciplinary Research and Analysis is better then other journals because:-
1 : IJMRA only accepts original and high quality research and technical papers.
2 : Paper will publish immediately in current issue after registration.
3 : Authors can download their full papers at any time with digital certificate.

The Editors reserve the right to reject papers without sending them out for review.

Authors should prepare their manuscripts according to the instructions given in the authors' guidelines. Manuscripts which do not conform to the format and style of the Journal may be returned to the authors for revision or rejected. The Journal reserves the right to make any further formal changes and language corrections necessary in a manuscript accepted for publication so that it conforms to the formatting requirements of the Journal.

Indexed In
Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar