Download or read book Determinants of Firm Profitability in Colombia s Manufacturing Sector written by Naomi Griffin and published by International Monetary Fund. This book was released on 2015-05-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia’s manufacturing sector in recent years. This paper examines the effects of the real exchange rate, external and domestic demand, and structural changes on firms’ profitability in Colombia’s manufacturing sector between 2000 and 2012. While export intensive companies have suffered lower profit growth with real exchange rate appreciation,we find no strong evidence that real appreciation has, on average, negatively affected the profitability of manufacturing firms; on the contrary, we find that real appreciation may have increased firms’ profitability by reducing the cost of imported inputs as Colombian manufacturing firms become more domestically oriented. At the same time, some structural changes (related to trade disruption with Venezuela and increased trade competition from China) seem to partially explain the weakness of the manufacturing sector since 2008.
Download or read book Growth Determinants in the Micro Small and Medium Size Companies in Colombia written by Juan C. Trujillo and published by . This book was released on 2015 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is one of the central concerns in economics. Also, one of the major engines for economic growth in developing countries is the performance of the micro, small and medium sized enterprises (MSMEs). Meanwhile the metallurgical sector has emerged as one of the main players in the Colombian industrial growth. Hence, the objective of this paper is to estimate the determinants of industrial growth in the metallurgical sector for Colombian MSMEs for the 2002-2006. For this purpose, three panel data models are estimated for each one of the enterprise sizes. The results suggest that local competition and labor costs are the two factors that better explain the growth in the MSMEs sector.
Download or read book Determinants of Firm s Profitability written by Rafia Afzaal and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Distance to the Port and Competitiveness in Colombian Manufacturing Sector written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the impact of the distance to the port on firms production in Colombias manufacturing sector. A simple statistical model, using detailed firm-level survey data, measures the effect of distance to port on firms level of production, controlling for regular inputs of production and basic traits such as industry and size. The hypothesis tested is whether distance to the port does play a significant role in explaining variation of firms production other characteristics being equal. Econometric results show that distance to port is not a significant determinant of productivity, ceteris paribus, for firms that export little or none of their production, but it is an important determinant of productivity for exporting firms. As the proportion of total production exported by the firm increases, the impact, of being farther away from the coast, on production decreases. A rough estimate of the needed reduction on transportation costs, measured in terms of a reduction in the average physical distance from exporting firms to the port, is 1,290 km. This reduction would be needed in order to compensate a planned total investment of COL$38.5 trillions in a period of fifteen years. The impact of government investments on transport infrastructure has multiple dimensions. A comprehensive analysis of the cost effectiveness of these investments would require additional data and tools that are beyond the scope of this paper. This paper concludes that the government agenda to invest in transport infrastructure to improve competitiveness is in the right direction, but it is urgent to estimate more precisely the level of required investments that would lead to the desired improvement in trade competitiveness. By doing this, the government would have better tools to target and prioritize the specific investments in the overall policy agenda for infrastructure and competitiveness.
Download or read book Determinants of Interfirm Differences in Profitability Among the Largest 500 United States Industrial Firms written by Ess Barry Solomon and published by . This book was released on 1968 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Profitability 1 written by Andreas Stierwald and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies the determinants of firm profitability and quantifies their relative importance. Using a panel of large Australian firms for the period 1995 to 2005, the analysis estimates a dynamic profit model that, unlike most existing research, directly includes measures of productivity and productivity persistence. Descriptive statistics illustrate that the sample is characterized by a large amount of profit heterogeneity, and that substantial differences exist between industries and across firms. Estimation results indicate that firm profitability is predominantly determined by firm-level characteristics, and that sector effects are relevant, but to a much smaller extent. The analysis also reveals that, among firm effects, productivity and productivity persistence enhance profitability.
Download or read book Success in Small and Medium scale Enterprises written by Mariluz Cortes and published by New York : Published for the World Bank [by] Oxford University Press. This book was released on 1987 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This detailed study focuses on the metalworking and food processing industries of Columbia and analyzes the determinants of economic efficiency in small and medium scale firms and the technological changes that took place within them.
Download or read book Which Firm s Characterization Induce Shift Or Bias Effects when New Innovations Evidence from Manufacturing Sector in Colombia written by Leidy Paola Barbosa Ricaurte and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Finding the determinants of the total factor productivity at a firm level helps to understand and analyze more deeply the technological changes and its direction. The type of innovations a firm would have access will differ within the sector because a firm?s characteristic and possibilities. This following research shows that large firms have the capacity to do support their research and development process to induce neutral technological change in general represented as a shift effect on the production function. While small firm lack this capacity and dedicate their internal fund to imitate leaders and improve their process inducing bias technological change, a bias effect on the production function isoquants." -- Tomado del Formato de Documento de Grado.
Download or read book Determinants of Profits in Manufacturing Industries written by W. Bethel Minter and published by . This book was released on 1974 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade Policy and Industrialization in Turbulent Times written by Gerry Helleiner and published by Routledge. This book was released on 2002-09-11 with total page 592 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between trade policy and industrialization has provoked much controversy. Can trade policy promote economic growth in developing countries? Those actively working in the area are becoming increasingly sceptical about the conventional advice given by international policy advisors and organizations. This volume builds upon earlier theoretical and empirical research on trade policy and industrialization but is the first cross-the-board attempt to review developing country experiences in this realm for twenty years. The experience of fourteen developing countries in the 1970s and 1980s is assessed by the contributors, each of whom have a detailed understanding of their country's recent experience.
Download or read book Modeling Determinants of Profitability in Ethiopia Manufacturing Companies written by Alebachew Alemu and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Background: Profitability is the primary measure of the overall success of company. The analysis of profitability ratios is important for the shareholders, creditors, prospective investors, manufacturers and government alike. Objective: The objective of this study was fitted a dynamic panel regression model that efficiently fit the data and further to identify the determinants contributing significantly to profitability in Ethiopia.Methods: This study was conducted on secondary data of 32 sample manufacturing companies collected from the audited financial statements of large tax payers' office and national bank of Ethiopia. The study was covered a period of seven years from 2011 to 2017. The panel unit root test of Levin-Lin-Chu tests was made for each variables and applied first difference transformation for the variables that had unit root. A dynamic panel regression model was utilized for data handling technique using generalized method of moments (GMM) estimation. Results: We compared the results when one unit increase in lagged profitability, managerial efficiency, capital intensity, GDP, exchange rate and one ratio decrease in leverage, ceteris paribus, turn out were found to increase the profitability of manufacturing companies by around 0.69, 0.179, 4.52E-06, 3.844, 0.04 and 0.393 ratio, respectively. The model reveled that previous profitability, leverage, capital intensity, managerial efficiency, GDP and exchange rate had a statistically significant (P
Download or read book Making It Big written by Andrea Ciani and published by World Bank Publications. This book was released on 2020-10-08 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
Download or read book Productivity Revisited written by Ana Paula Cusolito and published by World Bank Publications. This book was released on 2018-12-21 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Productivity has again moved to center stage in two critical academic and policy debates: the slowing of global growth amid spectacular technological advances, and developing countries’ frustratingly slow progress in catching up to the technological frontier. Productivity Revisited brings together the new conceptual advances of 'second-wave' productivity analysis that have revolutionized the study of productivity, calling much previous analysis into question while providing a new set of tools for approaching these debates. The book extends this analysis and, using unique data sets from multiple developing countries, grounds it in the developing-country context. It calls for rebalancing away from an exclusive focus on misallocation toward a greater focus on upgrading firms and facilitating the emergence of productive new establishments. Such an approach requires a supportive environment and various types of human capital--managerial, technical, and actuarial--necessary to cultivate new transformational firms. The book is the second volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers.
Download or read book Human Factors for Sustainability written by Andrew Thatcher and published by CRC Press. This book was released on 2019-06-14 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the central question of how human factors and ergonomics (HFE) might contribute to solutions for the more sustainable development of our world. The contents of the book are highly compatible with the recent political agenda for sustainable development as well as with sustainability research from other disciplines.The book aims to summarize and profile the various empirical and theoretical work arising from the field of “Human Factors and Sustainable Development” in the last decade. The book gives a systematic overview of relevant theoretical concepts, their underlying philosophies, as well as global application fields and case studies.
Download or read book Trade Investment and Economic Development in Asia written by Debashis Chakraborty and published by Routledge. This book was released on 2016-05-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era of globalization, trade in goods and cross-border services and capital flows play a key role in determining the economic growth path of countries. Over the last two decades, countries have embarked on several alternate tracks to liberalize and deepen their linkage with the world economy. The growing trade-investment nexus and the emerging developments lead to deeper international production networks, rise in cross-border trade in services and in regional trade agreements and so on. The debate of whether it is possible to empirically validate the potential benefits of this deepening trade-investment linkage is ongoing. The evidence in literature is, however, ambiguous. This book contributes to the literature by looking at Asian economies and at the EU, Maghreb countries and Pacific Island economics. It examines the issues under four broad areas, namely: (1) trade: theoretical and policy issues, (2) factor flows: impact on trade and welfare, (3) impact of trade and factor flows on environment and (4) institutions, international trade and policy issues.
Download or read book Burundi Business Law Handbook Volume 1 Strategic Information and Basic Laws written by IBP USA and published by Lulu.com. This book was released on 2013-08 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Burundi Business Law Handbook - Strategic Information and Basic Laws
Download or read book Perspectives on Global Development 2014 Boosting Productivity to Meet the Middle Income Challenge written by OECD and published by OECD Publishing. This book was released on 2014-07-02 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, competitiveness is viewed as a multifaceted concept comprising aspects of the economy and society needed to implement change and move toward sustainable convergence.
