Performance effects of value stream costing and accounting performance measures in lean production companies – accounting for time compression

The article describes managing the processes of an organization as managing a holistic entity through the characteristics of the value stream. At the same time, the value stream is an activity aimed at creating the value for customer, which is implemented through a system of interconnected processes/operations. The article demonstrates the possibilities of integrating the modern models, standards, methods and tools for quality management and lean production into the processes of an organization in order to achieve the aims. Integrated management system model based on quality management and lean production technologies is presented.

The paper applied Value Stream Mapping VSM for lean production system of Clipsal Viet Nam Co with reduces the time produc, improve productivity after reduces waste and increased on – time delivery rate.

This paper examines the impact of ownership structure and concentration on firm performance in Sri Lanka, an emerging market in Asia. The study estimates a series of regressions using pooled data for a sample of Sri Lankan-listed firms to investigate the impact of ownership concentration and structure on firm performance based on agency theory framework, using both accounting and market-based performance indicators. The results of the study provide evidence for a strong positive relationship between ownership concentration and accounting performance measures. This suggests that a greater concentration of ownership leads to better performance. However, we found no significant impact using market-based performance measures, which suggests the existence of numerous market inefficiencies and anomalies. Furthermore, the findings of the study show that ownership structure does not have a significant distinguishable effect on performance.

Using a sample of 47 Portuguese and Spanish firms for the period 2010 to 2017, the authors study the relationship between female presence on board and firm's accounting (ROA and ROE) and market-based (MTB and Tobin's Q) performance. They find that women on the board of directors is positively related to firm's performance, as well as the gender of the CFO and the proportion of women on the listed key professionals, when we consider the market measures of performance, not being so consistent for accounting performance measures. Results were sensitive to the performance measure used. The results reinforce the political options of European Commission gender established quotas, revealing that in the Iberian countries these quotas are not being effectively implemented, even if results suggest that women on board in fact exert positive influence over market performance. This also led us to think that financial markets may also react in a positive way when the CFO of the company is a woman instead of a man, despite the sample limitations both in terms of gender and number of firms.