Firm Risk and Performance: The Role of Corporate Governance in Hwa Tai Sdn Bhd

Syaff Khalil
2017 Social Science Research Network  
The main purpose of this study is to examine the relation between the overall performance of Hwa Tai Sdn Bhd with firm specific risk and some macroeconomics factor involved. The data collected are from Hwa Tai Sdn Bhd's annual report starting from 2011 until 2015. The calculation of liquidity ratio, profitability ratio and operating ratio are used to see the overall performance of Hwa Tai Sdn Bhd. A correlation model comprise of dependent variable which is ROA and numerous independent variable
more » ... as used to analyse the performance of Hwa Tai Sdn Bhd. This study empirical results showed that ROI is the most significant meaning in the performance of Hwa Tai Sdn Bhd. Keywords: firm specific risk, macroeconomics factor, liquidity ratio, profitability ratio, operating ratio, ROA, ROI cheese, nutrition and mineral mini wacky, additionally as cheese mini crackers, different biscuits, mixed fruit flavor sandwiches, chocolate cream cookies, sandwich biscuits, herb topping puffs, low biscuits, and soda, multi grain and cereal crackers. The corporate conjointly offers oatmeal cookies, white choco chips cookies, peanut cream sandwich biscuits, cheese cream sandwich biscuits, lemon cream sandwich biscuits, chocolate cream sandwich, peach cream sandwich, sweet corn cream sandwich and vanilla cream sandwich, among others. The company's product is found domestically from little sundry retailers to huge hypermarkets, fast-food chains, airlines and alternative mass consumption industries beneath the logos Hwa Tai, and Europe. The corporate also has absolutely integrated ISO 9001:2000 and MS ISO 9002 certification for food and safety quality management. It operates below the supervising and management of Soo Thien Ming, Chairman. Hwa Tai Industries Berhad pride of it wonderful innovation and prime quality product that have firmly entrenched us not solely in Asian country however conjointly in over 50 countries round the world. It keenly concerned within the integrated provide chain of their product, from intensive and comprehensive distribution network, they also carrying product / brands by different principals for the Malaysian market. (Hwa Tai Industries Berhad, 2012). Hwa Tai vision stressed out to be a leading biscuits and confectionery manufacturer in the region known for its product quality and variety. It can be said that Hwa Tai is committed in producing the best quality biscuit products for their customer all over the world and creating a big business activities for their partners. By having more than 50 years of manufacturing experience they have an ability to manage their entire value chain, from procurement of raw materials to distribution of finished products. Hwa Tai's top management recognized that the skilled and dedicated people who work for them are critical to
doi:10.2139/ssrn.2949736 fatcat:vst3f37r3ze5neydebzcadylgm