Studying the impact of management activities on performance: Evidence from Chemical - Pharmaceutical industry companies listed on the stock exchange in Vietnam

Tóm tắt

The study aims to evaluate the impact of management activities on the performance of companies. Data was collected and compiled from 273 financial reports from 21 companies in the chemistry-pharmacy field. Operational efficiency within the scope of this research is considered in terms of business efficiency. It is measured from two perspectives: the first, the perspective of shareholders - investors who contribute capital and use capital. The Tobin'Q coefficient is utilized to assess operating outcomes based on market value. In the second perspective, profits are accounted for and the indicators ROA, ROE, ROS, and ROCE are used to assess historical business success of organizations. The findings of the research indicate that the factors Debt/Equity Ratio, Financial Leverage and Number of Board of Directors meetings negatively affect the performance of companies operating in production and business activities. In the chemical-pharmaceutical industry, in the short term, but in the long term, these factors have the opposite effect. Variables such as: Seniority of operation; Labor scale; Director gender; The gender of the chief accountant and concurrent director positively affect the company's performance. From the research results, the authors proposed three groups of solutions: (1) a financial solution group; (2) a non-financial solution group, and (3) a management solution group to improve operational efficiency for companies in the chemistry-pharmacy industry.