Philippine Management Review

Includes bibliographical references.

The Quality of Financial Reporting of the Social Security System -- Financial Condition and Financial Reporting of the Philippine Health Insurance Corporation -- A Study of the Performance and Financial Reporting Practices of Philippine Government Owned and Controlled Corporations -- Private Placements and Minority Interests: The Philippine Case -- Supply Chain Integration and Performance: Revisiting the Philippine Experience -- Graduate Business Program Admission Criteria and Student Graduate Academic Performance.

[Article Title : The Quality of Financial Reporting of the Social Security System / Helena Agnes S. Valderrama, p. 1-16] Abstract : This study analyzed the financial reporting practices of the biggest pension fund covering employees of the private sector in the Philippines -the Social Security System (SSS). Of particular interest in the present assessment of the SSS financial reports was the sufficiency and quality of information available in the reports for users to assess the System's financial position, performance, and cash flows. The study finds that, despite the unqualified opinion given the reports by the Commission on Audit, there are inadequacies in the reporting practices of the SSS regardingreceivables, investment property, and its pension and insurance liabilities. Thus, there is insufficient quality information provided in the SSS' financial reports to enable users to assess its financial condition, including its disclosed unfunded liability of ₱1.22 trillion as of 2011. The study also presents findings comparing the performance of the SSS with the GSIS and with two government pension funds in Thailand and Singapore. It concludes with a number of policy issues relating to the pension fund system of the Philippines.;[Article Title : Financial Condition and Financial Reporting of the Philippine Health Insurance Corporation / Dani Rose Cresencia C. Salazar, p. 17-32] Abstract : As of December 31, 2015, 93.45 million Filipinos were covered beneficiaries of the National Health Insurance Program (NHIP) administered by the Philippine Health Insurance Corporation (PHIC). Coverage was estimated at 92% of the Philippine population.;[Article Title : A Study of the Performance and Financial Reporting Practices of Philippine Government Owned and Controlled Corporations / Arthur S. Cayanan, p. 38-48] Abstract : This paper looked into the financial reporting practices of Home Guaranty Corporation (HGC)-being a government-owned and controlled corporation that relies on government financing and subsidy every time it goes into deficit-and assessed the adequacy of its financial disclosures as prescribed by the financial reporting standards in the Philippines. This paper also evaluated the company's financial performance based on the information provided in the financial statements.;[Article Title : Private Placements and Minority Interests: The Philippine Case / Arthur S. Cayanan, p. 49-62] Abstract : Some of the biggest listed Philippine companies had issued more shares through private placements. In most cases, the private placement offer prices are at a significant discount over the prevailing market price of the stock at the time of the offer. This study attempted to quantify wealth loss effects of private placements on minority stockholders and to assess the adequacy of regulatory safeguards on this practice. The roles of the Philippine Stock Exchange and the independent directors are also examined in protecting the interest of small investors with respect to this issue.;[Article Title : Supply Chain Integration and Performance: Revisiting the Philippine Experience / Ma. Gloria V. Talavera, p. 63-82] Abstract : This paper seeks to identify the supply chain integration strategies adopted by selected Philippine firms, the measures used to assess supply chain performance, and the association between these strategies and measures. Supply chain integration and supply chain performance constructs were developed through literature review and in consultation with industry experts. To determine the construct validity, factor analysis was employed. Reliability analysis was done to assess internal consistency. A total of 57 firms from the Philippine manufacturing and service sectors participated in the study.;[Article Title : Graduate Business Program Admission Criteria and Student Graduate Academic Performance / Regina M. Lizares, Leila C. Rahnema, Mia Pang-Rey, Ivy D. Suan, and Carlos C. Bautista, p. 83-98] Abstract : The study evaluated a graduate business program by examining the student's graduate academic performance and its admission procedure using several econometric procedures. The study shows that successful student's graduate academic performance in the University of the Philippines' graduate business program, both the Master in Business Administration (MBA) and MS Finance (MSF) degrees, can be consistently explained by the student's past undergraduate academic performance and the quantitative aptitude test score. Reading and logic aptitude test scores, the two other measures of individual ability, did not seem to have a bearing on the student's graduate academic performance. Hence, it is possible that altering the relative weights of the three test scores may change the profile of successful applicants and, at the same time, improve the overall efficacy of the admission procedure.