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The Impact Of Corporate Environmental Performance Of Market Risk On Tropicana Corporation Berhad

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  • Zainal Abidin, Fazlini

Abstract

The purpose of this study is to examine the overall performance of Tropicana Corporation Berhad with specific risk factors and macroeconomic factor on profitability performance. The data obtained from annual report of Tropicana Corporation Berhad is starting from year 2011 until year 2015. The measurement of liquidity ratio, operating ratio and leverage ratio is used to see the overall performance of Tropicana Corporation Berhad in 5 years which allegedly beyond benchmark. The additional measurement is the asset size, this variable has a negative and no significant relationship with liquidity risk. To see the relationship of risks factors to the profitability, this paper is utilizing liquidity (current ratio), leverage ratio and operating ratio. Data was analyzed by utilizing regression and bivariate correlation. The regression analysis and bivariate correlation shows only one factor of profitability is significant to leverage ratio which is ROA with the highest impact to the profitability. However, the liquidity and operational is not significant to profitability with low impact to the profitability.

Suggested Citation

  • Zainal Abidin, Fazlini, 2017. "The Impact Of Corporate Environmental Performance Of Market Risk On Tropicana Corporation Berhad," MPRA Paper 78620, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:78620
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    File URL: https://mpra.ub.uni-muenchen.de/78620/1/MPRA_paper_78620.pdf
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    References listed on IDEAS

    as
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    2. Waeibrorheem Waemustafa & Suriani Sukri, 2016. "Systematic and Unsystematic Risk Determinants of Liquidity Risk Between Islamic and Conventional Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 6(4), pages 1321-1327.
    3. Waeibrorheem Waemustafa & Suriani Sukri, 2015. "Bank Specific and Macroeconomics Dynamic Determinants of Credit Risk in Islamic Banks and Conventional Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 5(2), pages 476-481.
    4. J. David Cummins & Richard D. Phillips & Stephen D. Smith, 1997. "Derivatives and corporate risk management: participation and volume decisions in the insurance industry," FRB Atlanta Working Paper 97-12, Federal Reserve Bank of Atlanta.
    5. J. Cummins & Gregory Nini, 2002. "Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry," Journal of Financial Services Research, Springer;Western Finance Association, vol. 21(1), pages 15-53, February.
    6. Larry Li & Imad Moosa, 2015. "Operational risk, the legal system and governance indicators: a country-level analysis," Applied Economics, Taylor & Francis Journals, vol. 47(20), pages 2053-2072, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Specific Risk; Liquidity Risk; Operational Risk; Leverage Risk; Profitability;
    All these keywords.

    JEL classification:

    • G0 - Financial Economics - - General
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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