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The impact of Return on Assets (ROA) in relation with internal factors and external factors towards Casio Computer Co.,Ltd.'s performance

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  • Chew, Hui Yen

Abstract

Corporate governance is considered as a significant implication for the growth of company. Good corporate governance plays an important role in enhancing the performance of company. Hence, this study targets to determine the impact of Return on Assets (ROA) in relation with determinants towards the selected company’s performance and the name of the selected company in this study is Casio Computer Co., Ltd. (Casio) which is under the electronic industry in Japan. This analysis shows that firm-specific factors (current ratio, quick ratio, average-collection period, debt to income ratio, operational ratio, operating margin and corporate governance index CGI ) and the macroeconomic factors (Gross Domestic Product (GDP), inflation rate, interest rate, exchange rate and STDV of price change in the stock market) each has its significant, small significant or insignificant on return on assets (ROA) of Casio. This study suggests that Casio can perform well management and good corporate governance practices to maximize its revenue or profits for enhancing its corporate performance.

Suggested Citation

  • Chew, Hui Yen, 2019. "The impact of Return on Assets (ROA) in relation with internal factors and external factors towards Casio Computer Co.,Ltd.'s performance," MPRA Paper 97348, University Library of Munich, Germany, revised 28 Nov 2019.
    • Handle: RePEc:pra:mprapa:97348
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    References listed on IDEAS

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    More about this item

    Keywords

    Corporate Governance; Return on Assets; firm-specific factors; macroeconomic factors; revenue; corporate performance; management and corporate governance practices.;
    All these keywords.

    JEL classification:

    • 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
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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