Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5

The purpose of this study is to see which of the 5 ASEAN countries; Philippines, Malaysia, Indonesia, Thailand, and Vietnam is performing well by using DEA and panel regression analysis to recognize which has the best stock market returns in relation to efficiency, financial performance, and COVID-1...

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Main Authors: Tan, Jan Dominique O., Chen, Hanns Dominic W., Haw, Christian Lance L., Shi, Queenie Yvette S.
Format: text
Language:English
Published: Animo Repository 2022
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Online Access:https://animorepository.dlsu.edu.ph/etdb_finman/46
https://animorepository.dlsu.edu.ph/context/etdb_finman/article/1048/viewcontent/Efficiency_Financial_Performance_and_Stock_Returns_of__the_Food_Redacted2.pdf
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Institution: De La Salle University
Language: English
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spelling oai:animorepository.dlsu.edu.ph:etdb_finman-10482023-01-03T00:48:19Z Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5 Tan, Jan Dominique O. Chen, Hanns Dominic W. Haw, Christian Lance L. Shi, Queenie Yvette S. The purpose of this study is to see which of the 5 ASEAN countries; Philippines, Malaysia, Indonesia, Thailand, and Vietnam is performing well by using DEA and panel regression analysis to recognize which has the best stock market returns in relation to efficiency, financial performance, and COVID-19. This study used financial ratios such as debt to equity, return on assets, price to earnings ratio, current ratio, accounts receivable turnover, cash conversion cycle, and working capital turnover, including COVID-19, profit efficiency, and productive efficiency, as the independent variable. The figures consist of 10 companies with available data from 2012-2021 from each of the ASEAN 5 stock market exchanges and disclosures. The study’s findings suggest that Indonesia has the highest profit and productive efficiency, with 62.88% and 72.71%. While Thailand and Malaysia got the lowest efficiencies with 24.38% and 23.85%, 24.33%, and 28.29%. All countries have a strong correlation between the financial ratios and dependent variable, stock returns, excluding only Vietnam, with a fair correlation. Lastly, this study concluded that COVID-19 has a significant impact on stock returns in the Food and Beverage Industry in the ASEAN 5. 2022-12-02T08:00:00Z text application/pdf https://animorepository.dlsu.edu.ph/etdb_finman/46 https://animorepository.dlsu.edu.ph/context/etdb_finman/article/1048/viewcontent/Efficiency_Financial_Performance_and_Stock_Returns_of__the_Food_Redacted2.pdf Financial Management Bachelor's Theses English Animo Repository Food industry and trade—Southeast Asia Beverage industry—Southeast Asia Stocks—Prices—Southeast Asia Finance and Financial Management Other Business
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Food industry and trade—Southeast Asia
Beverage industry—Southeast Asia
Stocks—Prices—Southeast Asia
Finance and Financial Management
Other Business
spellingShingle Food industry and trade—Southeast Asia
Beverage industry—Southeast Asia
Stocks—Prices—Southeast Asia
Finance and Financial Management
Other Business
Tan, Jan Dominique O.
Chen, Hanns Dominic W.
Haw, Christian Lance L.
Shi, Queenie Yvette S.
Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
description The purpose of this study is to see which of the 5 ASEAN countries; Philippines, Malaysia, Indonesia, Thailand, and Vietnam is performing well by using DEA and panel regression analysis to recognize which has the best stock market returns in relation to efficiency, financial performance, and COVID-19. This study used financial ratios such as debt to equity, return on assets, price to earnings ratio, current ratio, accounts receivable turnover, cash conversion cycle, and working capital turnover, including COVID-19, profit efficiency, and productive efficiency, as the independent variable. The figures consist of 10 companies with available data from 2012-2021 from each of the ASEAN 5 stock market exchanges and disclosures. The study’s findings suggest that Indonesia has the highest profit and productive efficiency, with 62.88% and 72.71%. While Thailand and Malaysia got the lowest efficiencies with 24.38% and 23.85%, 24.33%, and 28.29%. All countries have a strong correlation between the financial ratios and dependent variable, stock returns, excluding only Vietnam, with a fair correlation. Lastly, this study concluded that COVID-19 has a significant impact on stock returns in the Food and Beverage Industry in the ASEAN 5.
format text
author Tan, Jan Dominique O.
Chen, Hanns Dominic W.
Haw, Christian Lance L.
Shi, Queenie Yvette S.
author_facet Tan, Jan Dominique O.
Chen, Hanns Dominic W.
Haw, Christian Lance L.
Shi, Queenie Yvette S.
author_sort Tan, Jan Dominique O.
title Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
title_short Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
title_full Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
title_fullStr Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
title_full_unstemmed Efficiency, financial performance, and stock returns of the food and beverage industry: A study on the ASEAN 5
title_sort efficiency, financial performance, and stock returns of the food and beverage industry: a study on the asean 5
publisher Animo Repository
publishDate 2022
url https://animorepository.dlsu.edu.ph/etdb_finman/46
https://animorepository.dlsu.edu.ph/context/etdb_finman/article/1048/viewcontent/Efficiency_Financial_Performance_and_Stock_Returns_of__the_Food_Redacted2.pdf
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