Analyzing the determinants of financial management behavior of administrators in Nigerian state-owned enterprises

The study investigates the impacts of firms-, industry-, and country-level covariates on the financing structure amongst the Indonesian listed companies. Using artificial nested testing procedure, the preferred models were selected that could illustrate the association between debt ratio and its determinants. By making use of the full sample, it was found that these three levels of determinants explain approximately 73% of leverage variations.
Further, the importance of these determinants on leverages across sectors is also investigated in this study. The sectoral behavior plays a crucial role as the firm- and sector-level covariates indicate more important variables than country-level covariates, which implies that the firm-level covariates become the main factors in firm financing structure determination.
The artificial nested testing procedure (F-test) was used choose the preferred models, which is suitable for each sector. The selection of models depends on the sectoral characteristics, which indirectly control the orientation and magnitude of relationships. Those three levels of determinants have different impacts on capital structure across sectors, which provides evidence that the sectoral behaviors indirectly tend to influence the association between determinants and firm financing pattern in the Indonesian context.

The determinant of the credit risk of banks in a developing country have limited data to analyze and limited participation in literature. Determinants of credit risk are very important in order to define the non-performing loans (NPL) in Kosovo banking systems. Even though banking system in Kosovo is the newest in region, it is comparable with banking systems to all places in regions (Albania, Serbia, Montenegro, Macedonia, Bosnia and Herzegovina, etc.).
The main purpose of this paper is to classify some factors that influence credit risk in commercial banks in Kosovo. The research includes seven commercial banks for the period 2006–2015. Data analysis and interpretation are processed with Statistical Program for Social Sciences SPSS v.19.0.
The effect of variations in the determinants of credit risk exposure is based on using a multivariate panel regression model. Our empirical results suggest that a significant relationship exists between credit risk and the following variables: Profitability (ROE and ROA), Inefficiency (IE), Loans to deposit ratio (LDR), Credit growth (CG) and Deposit rate (DR), while variables of Solvency (SR) and Credit rate (CR) are not statistically significant in terms of credit risk.

This research evaluates the differences in financial performance of enterprises before and after privatization aiming to find out the influence of privatization on the enterprises’ performance. The study is based on the audited financial statements of 105 Vietnamese privatized enterprises privatized in the period from 2005 to 2016. Applying the Wilcoxon signed-rank test, the obtained results prove that after privatization profitability and outputs of investigated firms are significantly higher than prior privatization. However, there is no significant change of leverage. Applying a regression model to evaluate the factors affecting financial performance of firms in the research model, it was found out that the proportion of state ownership, economic growth, operating period, enterprise`s size, and business risk have positive influence on the financial performance of research firms. However, the leverage of these firms has a negative impact on the financial performance. In accordance with the obtained results, this study suggests that the privatization process should be continued regardless of firm size or business type. The government should create fair competition environment, remove incentives and supports for State-Owned Enterprises (SOEs), manage changes in privatized firms, and enforce the legal system.