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1
Li, Lingjuan. "Application of ERP information System in Business." International Journal of Computer Science and Information Technology 1, no. 1 (December 30, 2023): 194–200. http://dx.doi.org/10.62051/ijcsit.v1n1.24.
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This article aims to explore the application of ERP information system in business and its influence on enterprise operation and management, let large and medium enterprises organizations understand the application of ERP information system, and according to the scale of the enterprise organization provide ERP system selection corresponding scheme planning, through case analysis method to collect data to support the view of the paper. This paper first expounds the evolution history from material demand plan (MRP) to enterprise resource plan (ERP), and then introduces the corresponding ERP system according to the four categories of circulation, energy, finance and finance, and briefly introduces the OA system, HR system, CRM system and SCM system applied in enterprises. Finally, it focuses on how to choose ERP system for small and medium-sized enterprises, and concludes that ERP system with flexibility, functionality, integration, high efficiency and sustainability is more suitable for large enterprises, and ERP system with simple and easy to use, modular business and highly integrated characteristics is more suitable for small and medium-sized enterprises.
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Lei, Shu Qin. "Applied Technology in Business Credit in the Enterprise’s Short-Term Finance." Advanced Materials Research 859 (December 2013): 422–25. http://dx.doi.org/10.4028/www.scientific.net/amr.859.422.
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Applied technology plays an important role in different fields, at the same time, it is also applied in business credit in the enterprise’s short-term finance. Applied technology is often closely connected with information technology. Business credit is a direct credit which forms in the process of sale and buy on credit. As business credit has no warrant, it is applied widely in fact by many enterprises. With the development of information technology, business credit will greatly increase enterprise’s operating risk if it can’t be used correctly during the course of financing and investing decision. This article has a carefully discussion about how to use correctly the business credit in the short-financing of enterprise.
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Chen, Feng. "Business Model of Supply Chain Finance." Scientific and Social Research 4, no. 5 (May 30, 2022): 35–41. http://dx.doi.org/10.26689/ssr.v4i5.3915.
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Supply chain finance is a new type of financial product designed by commercial banks to provide financial aid for the weak medium and small-sized enterprises in the supply chain. It can effectively eliminate the obstacles of information asymmetry between banks and enterprises, but also effectively solve the problem faced by the medium and small-sized enterprises in getting bank credit loan due to insufficient mortgage, as well help them to improve the core competitiveness of commercial banks, eventually bring new profit growth for commercial banks and the third-party logistics enterprises. This paper, introduces some different financial models of supply chain finance, for medium and small-sized enterprises which can be considered, adopted or used according to their own situation.
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Ren, Shaomin. "Optimization of Enterprise Financial Management and Decision-Making Systems Based on Big Data." Journal of Mathematics 2022 (January 20, 2022): 1–11. http://dx.doi.org/10.1155/2022/1708506.
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Based on information asymmetry theory, principal-agent theory, and risk management theory, this paper analyzes the mechanism of the impact of big data on financial decision-making, analyzing four dimensions: how big data enhances the information base for forecasting, how big data improves the relevance of decision-making, how big data builds new competitive advantages, and how big data promotes dynamic decision-making. Secondly, through the analysis of specific implementation cases of enterprise big data in financial decision-making, we focus on the real problems faced in management and the effect of solving problems through big data platform. The enterprise realizing the integration of business and finance not only can better lead business expansion, but also can improve the management level within the enterprise, which is conducive to the improvement of core competitiveness. The integration of industry and finance is essentially achieved through the application of various financial management modules to the business operations of enterprises, including budget management, capital management, fixed asset management, and financial accounting. If we want to implement the whole process of financial integration, it is impossible to achieve this manually, and we must first build a powerful information system as a guarantee. Under the guidance of theories of information asymmetry, stakeholders, and management information systems, Internet finance enterprises should build their own integrated business finance system based on the demand for business finance integration in the Internet finance industry, to enhance the matching of business finance data of Internet finance enterprises, improve the efficiency of enterprise management, and realize business finance integration. Finally, through the research of this paper, we hope to provide reference for other similar enterprises to apply big data for financial decision-making. Through the application of big data, higher economic benefits are achieved in procurement management, production control, capital budget, and investment decision compared with the previous ones. It is concluded that in the era of big data, massive data can be used to serve enterprise decision-making in depth, which can break the business and financial barriers, improve the efficiency and quality of decision-making, optimize the organizational structure and personnel, and enhance the prediction and early warning capability. The application of big data tools has become the key to assisting financial decision-making and enhancing enterprise value.
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Gubán, Ákos, Ágnes Sándor, József Udvaros, and Miklós Gubán. "Necessity of Enterprise Resource Planning Systems for Small and Medium-sized Enterprises." International Journal of Advanced Natural Sciences and Engineering Researches 7, no. 4 (May 15, 2023): 235–40. http://dx.doi.org/10.59287/ijanser.706.
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For small and medium-sized enterprises (SMEs), the advantages of ERP systems are obvious. Many small businesses initially use different software and applications to manage each business process, such as separate programs for invoicing, finance, sales, etc. However, these programs are not integrated with each other, which can cause problems such as data loss between different databases, errors caused by manual data entry, and time-consuming manual processes.
However, ERP systems provide a single, integrated system that connects all important business processes, reducing data loss and errors. With the help of an ERP system, businesses can manage finances more efficiently, implement more consistent sales and marketing strategies, better plan and organize production and logistics processes, and manage human resources more effectively.
However, ERP systems also have some disadvantages, such as implementation costs and time-consuming implementation. In addition, businesses should choose an ERP system according to the number of their staff and the complexity of their processes to best suit their needs.
The efficient operation of small and medium-sized enterprises (SMEs) and the growth of their performance is facilitated by the use of various technologies/techniques. Covid19 has highlighted even more the importance of using these technologies - which differ from sector to sector - but at what point during the company's life cycle does an SME reach the stage where it already needs a complex, integrated business management system ERP?
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Su, Ruixin, Tong Zheng, Yuzhao Zhong, and Weizhou Zhong. "Role of Digital Inclusive Finance for High-Quality Business Development: A Study of China’s “Five Development Concept” Policy." Sustainability 15, no. 15 (August 7, 2023): 12078. http://dx.doi.org/10.3390/su151512078.
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The “Five Development Concept” policy is the foundation of high-quality development in China, and enterprises should base their high-quality development on this new paradigm. Can digital inclusive finance play a vital role in the high-quality growth of those businesses? This paper examines the relationship between digital inclusive finance and high-quality corporate development and its mechanism of action. This study demonstrates that digital financial inclusion can facilitate high-quality business development. Heterogeneity analysis shows that the contribution of digital inclusion to high-quality businesses development is more evident among non-state, large growth capacity and small-scale enterprises. An investigation of the mechanism reveals three pathways through which high-quality enterprise development is facilitated via digital inclusive finance, namely improving innovation, easing financing constraints, and improving risk taking, and a triple internal drive mechanism of innovation, capital, and risk is extant. This paper enhances the research related to the micro-level of digital inclusive finance on the high-quality development of enterprises, which is conducive to the construction of a long-term mechanism of digital inclusive finance under the new development pattern, so as to effectively facilitate the high-quality development of enterprises in developing countries.
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Salmon, Harly Clifford Jonas. "Kedudukan Keuangan Negara Dalam Badan Usaha Milik Negara." TATOHI: Jurnal Ilmu Hukum 3, no. 2 (April 28, 2023): 198. http://dx.doi.org/10.47268/tatohi.v3i2.1570.
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Introduction: The state separates its finances to be used as capital in state-owned enterprises. However, Law Number 17 of 2003 concerning State Finances still counts the separated capital as state finance, contrary to the principle that separated finance is corporate finance.Purposes of the Research: Analyzing the Position of State Financial Status in State-Owned Enterprises. Methods of the Research: The research method used is normative juridical, with a statutory and conceptual approach. The sources of legal materials used are primary, secondary, and tertiary legal materials. The technique of collecting legal materials carried out in this research is through literature study.Results of the Research: The results of the study show that state finances are all rights attached to the state in the form of money or goods, including equity participation in state-owned enterprises. However, in its management, when the capital has been handed over to a state-owned enterprise, the state's financial status has completely changed to private finance, in this case it is a state-owned enterprise in accordance with Article 4 paragraph (1) UUBUMN which states that the company's capital comes from separated state assets. This capital in the legal context of the company is equity capital. Pursuant to the provisions of Article 1 point 7 of Government Regulation Number 72 of 2016 concerning Procedures for Participation and Administration of State Capital in BUMN and Limited Liability Companies, state capital participation is the separation of State assets from the APBN or determination of company reserves or other sources to serve as BUMN capital and/or other limited liability companies are managed as a corporation. has also been explained in the Constitutional Court Decision No. 77/PUU-IX/2011. The Constitutional Court ruled that a BUMN is a business entity that has separate assets from state assets so that the authority to manage business assets, including the settlement of BUMN debts, is subject to the limited liability company law. This is the point of privatization of state finances which are included in state-owned enterprises where the capital is then managed by the business entity with business principles.
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Liu, Jinyan. "Research on Cost Accounting Business Process Optimization of Construction Enterprises Based on FSSC." BCP Business & Management 30 (October 24, 2022): 496–501. http://dx.doi.org/10.54691/bcpbm.v30i.2493.
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Current infrastructure construction is the key of the national policy, along with the expansion of business areas, branch subsidiary is more, the traditional enterprise management system more difficult to adapt to the subsidiary, branch, distribution is more decentralized management needs of enterprise, the management of construction enterprises difficult to ascend, mainly reflected in operation of separation of goods. Financial sharing center is one of the methods to promote the integration of industry and finance and improve the efficiency of enterprise management. The cost accounting process is an important business process in the construction process. This paper optimizes the cost accounting business process of construction enterprises based on the financial sharing center, so as to improve the informatization and standardization level of construction enterprises, enhance the integration level of industry and finance, and improve the efficiency of cost management.
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Marchyta, Nony Kezia, and Widjojo Suprapto. "PENTINGNYA PERENCANAAN KEUANGAN PADA KELOMPOK USAHA MIKRO GUYUB RUKUN, PPA SHIKAR MALANG." Mafaza : Jurnal Pengabdian Masyarakat 3, no. 2 (December 12, 2023): 161–73. http://dx.doi.org/10.32665/mafaza.v3i2.2324.
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Financial planning is vital to the growth of micro-enterprises. The Guyub Rukun micro-enterprise group, owned by parents of children who are members of PPA Shikar in Malang, has encountered stagnation due to insufficient understanding of personal financial planning and entrepreneurial finance, which is harmful to business owners. Many micro-enterprise owners in the Guyub Rukun group merge their personal and business finances. Due to insufficient of mentors' managerial knowledge, these entrepreneurs need help managing their finances effectively. Therefore, community service activities by PPA Shikar Malang that highlight the significance of financial planning are crucial for the success of the Guyub Rukun micro-enterprise group. Training is provided in the form of personal and entrepreneurial financial planning. MSME entrepreneurs can immediately practice the knowledge by using the digital application for daily financial records and the MSME business financial records application on PlayStore. According to the questionnaires distributed to the participants, 92% expressed satisfaction, found the material easily understandable, and believed that community service activities benefited their micro-enterprises
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Gong, Yutian. "Research on Intelligent Finance Construction of Manufacturing Enterprises under Digital Transformation." Academic Journal of Management and Social Sciences 5, no. 3 (December 1, 2023): 10–13. http://dx.doi.org/10.54097/6rkd0k20.
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At present, China's economic development has entered a new normal. In order to adapt to the rapid development of the times and improve the competitiveness of China's manufacturing industry, Chinese manufacturing enterprises have begun digital transformation and upgrading. The development and application of intelligent technology have had a profound impact on the manufacturing industry, and intelligent manufacturing has entered a new stage of development. At present, many industries are at a critical juncture in digital transformation, with an increasing reliance on intelligent technology, which highlights the importance of establishing intelligent finance. If manufacturing enterprises want to truly complete digital transformation, they must make the construction of smart finance a new driving force. Based on the current background of digital transformation, financial management in the manufacturing industry needs to be innovated and optimized, and an intelligent financial model should be established. By actively applying technologies such as big data and cloud computing to the enterprise, the integration of business and finance can be enhanced, and the financial and commercial data of the enterprise can be deeply excavated to help the enterprise make business and management decisions and improve its risk control capabilities. Based on the background of intelligent finance construction, this article provides a specific discussion on the relevant issues of intelligent finance construction in manufacturing industry. Starting from the problems faced by intelligent finance construction in manufacturing enterprises, it briefly explains the background of digital transformation and the concept of intelligent finance. Secondly, it analyzes the important role of intelligent finance construction in manufacturing enterprises, and finally proposes countermeasures to promote the construction of intelligent finance in manufacturing enterprises.
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Zhu, Ruiting. "Research on Enterprise Accounting Informationization and Integration of Industry and Finance." Highlights in Business, Economics and Management 17 (August 31, 2023): 115–23. http://dx.doi.org/10.54097/hbem.v17i.11074.
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The steady development of accounting informationization has become an inevitable requirement for the sustainable development of enterprises. The integration of industry and finance, as an effective way for enterprises to maintain business vitality and improve business efficiency in response to fierce market competition, is also gradually deepening. However, the current accounting informationization and industry financial integration still exist fragmentation, individualization, system is not strong and accounting personnel concept and quality and integration requirements gap between large and other issues. In this regard, this paper analyzes and discusses accounting informationization and business integration, mainly analyzes its functional role and specific implementation path. At the same time, it points out the implementation focus of the financial sharing center model to promote the integration of industry and finance, systematically explains the meaning of financial sharing and industry and finance integration, and further clariifies the relationship between the two and the promotion effect of financial sharing on industry and finance integration. On this basis, the problems existing in the process of enterprise industry-finance integration under the mode of financial sharing are deeply analyzed, countermeasures and suggestions are put forward to solve these problems, in order to provide certain guidance and reference for the development of enterprise industry-finance integration. At the same time, it is hoped that it can innovate financial management mode, help enterprises understand and promote the process of enterprise industry-finance integration management, keep up with the historical pace of data management and data operation, and realize the ultimate goal of maximizing enterprise value.
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Yuan, Zelin, and Xiufang Zhou. "Analysis of the Effect of Shared Finance Implementation in Yonghui Supermarket." Academic Journal of Management and Social Sciences 5, no. 2 (November 30, 2023): 133–36. http://dx.doi.org/10.54097/ajmss.v5i2.29.
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Some of the retail enterprises in China are still in the traditional business model, and their financial model will not match the scale of operation and financial control ability with the development of the enterprise. Nowadays, the integration of the world economy is developing deeply, and the business between enterprises is complicated, so it is imperative to strengthen the overall control of enterprise finance. There is no doubt about the influence of the shared finance model on the control of corporate financial processes and capital management. Yonghui Supermarket is a large-scale private joint-stock enterprise group cultivated in Fujian Province to promote the transformation of traditional farmers' market to modern distribution mode. Yonghui Supermarket is one of the top 500 enterprises in China and has been honored as a "Famous Trademark of China". Founded in 2001, Yonghui Supermarket is located in Fuzhou City, Fujian Province. Yonghui is one of the first companies in China to introduce fresh agricultural products into modern supermarkets. Yonghui Supermarket Co., Ltd. is a supermarket model that combines community chain stores, specialty stores, and supermarkets as its core business, supplemented by convenience store franchising, and combines food processing and modern agriculture. This case takes Yonghui Supermarket as the research object to explore the shared finance model of retail enterprises and its effects.
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Barton, Tina. "Small Business and Social Enterprise: To Thrive Not Fail." Papers in Canadian Economic Development 18 (April 11, 2019): 17. http://dx.doi.org/10.15353/pced.v18i0.91.
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<p>Small businesses (those with up to 99 employees) are the most common business type in Canada – comprising 97.9 per cent of businesses, and contributing close to one-third of Canada’s gross domestic product (GDP). Yet a significant number of these businesses fail, with only about 50 per cent lasting at least five years, according to Industry Canada. Social enterprises – businesses that provide valuable products or services while delivering social and sometime environmental returns – struggle even more than small businesses to attract finance, grow, and sustain. What are the similarities and differences between these two groups’ needs, and how can Canada’s three levels of government and the broader business ecosystem better support small businesses and social enterprises to thrive? This paper takes a comprehensive look at key business needs, barriers to success, enabling factors, and policy incentives, drawing upon academic literature, studies and reports from the government, non-profit, and social enterprise sectors, as well as recommendations from business advocacy groups primarily from Canada and the United States. </p><p><strong>Keywords: </strong>Small business, social enterprise, business financing, business growth, business ecosystem, procurement policy</p>
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Apriyani, Rini, Adi Nurhamidi, and Ivan Zairani Lisi. "Pertanggungjawaban Pidana Korupsi Di Sektor Badan Usaha Milik Negara." Jurnal Hukum Pidana dan Kriminologi 3, no. 1 (April 30, 2022): 55–71. http://dx.doi.org/10.51370/jhpk.v3i1.69.
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State-Owned Enterprises are legal entities created by the Government using funds taken from the State Revenue Budget (APBN) as a form of state effort to meet the needs and benefits of the Indonesian people, but in carrying out their business several problems arise related to the limitations of the flow of state finances in the finances of the Agency. State-Owned Enterprises, which often this lack of clarity causes several problems related to legal qualifications due to business actions that are not profitable for State-Owned Enterprises that lead to criminal acts of corruption. detrimental to state finances. The Law Number 40 of 2007 concerning Limited Liability Companies has clearly adopted the legal principle of Immunity Doctrine against the structure of Limited Liability Companies, namely the Business Judgemaent Rule. there are several aspects to qualify as an action in accordance with the principles of the Business Judgment Rule. State-Owned Enterprises in carrying out business are subject to the Limited Liability Company law, but in terms of finances, it refers to the regulation on State Finance, this is the point of problems in the State-Owned Enterprises sector
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Li, Weian, and Pengcheng Wang. "Philanthropy, political connection and debt finance." Nankai Business Review International 7, no. 4 (November 7, 2016): 451–73. http://dx.doi.org/10.1108/nbri-04-2016-0013.
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Purpose Philanthropy is taken as a strategic behavior by private enterprises to obtain financial resources from governments. This paper aims to examine the relationship between private enterprise philanthropy and the debt finance, further investigating the way by which governments exchange resources with private enterprises. Design/methodology/approach The paper opted for an empirical study using a sample of 1,489 Chinese private-listed companies from 2007 to 2010. The study analyzed the relationship between philanthropy and debt finance based on the resource dependence theory and social exchange theory and tested the moderating effect of political connection. Findings Philanthropy can help private enterprises to get the debt finance, and this effect occurs mainly among the political connected private enterprises; the higher degree of credit allocation marketization is, the less philanthropy can affect the debt finance and the less influence political connection can exert on that relationship. Philanthropy contributes to debt financing mainly because it can help obtain more long-term loan, and this effect is more obvious for politically connected private enterprises in regulated industries. Originality/value This paper verifies the action logic of private enterprises philanthropy from the perspective of exchange behavior, which is helpful to understand the motive and influence of private enterprises philanthropy.
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E. Colipano, Teddy. "BUSINESS PERFORMANCE OF MICRO-ENTERPRISES IN NORTHERN MINDANAO, PHILIPPINES: A MULTINOMIAL LOGISTIC REGRESSION ANALYSIS." International Journal of Applied Science and Research 05, no. 04 (2022): 105–18. http://dx.doi.org/10.56293/ijasr.2022.5413.
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This study investigated the factors that influence the business performance of micro-enterprises in Northern Mindanao. Specifically, it examined the profile, marketing practices, entrepreneurial orientation, access to finance, and business performance of these enterprises. The study used responses from 417 micro-enterprises selected through stratified random sampling from the provinces of Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental and Misamis Oriental. A descriptivecorrelational research design was employed to attain the objectives of the study. More than half of micro-enterprises employed 1-4 employees and undertook their business for not more than five years. Marketing practices are implemented most of the time. Their entrepreneurial orientation was high, access to finance was moderate to great, and their business performance for the last three years was average to good. The aggregate multinomial logistic regression analysis reveals that among the variables used in the study, business age, marketing practices, entrepreneurial orientation, and access to finance significantly influence the business performance of micro-enterprises. The multinomial logistic regression per industry analysis yields a different result. In merchandising industry sector, marketing practices, business age, and access to finance influence substantially business performance. In the service industry sector, entrepreneurial orientation, business age, and access to finance significantly influence business performance.
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Zhang, Yanru. "Trend Analysis of Enterprise Intelligent Financial Applications." Advances in Economics, Management and Political Sciences 89, no. 1 (June 10, 2024): 9–17. http://dx.doi.org/10.54254/2754-1169/89/20241915.
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Recently, intelligent financial applications have been regarded as an important pillar of enterprise development and will play a significant contribution to the progress of future enterprises. Enterprises need to make continuous progress and adapt to the rapidly changing social environment with high competitiveness, and finance, as an indispensable part of enterprise development, needs to make great progress. With the continuous development of digital transformation, intelligent finance has become an important driving force for enterprise development, and is widely used in information processing, personnel management, market analysis, business management, etc. The purpose of this paper is to explore the sustainable impact of intelligent finance on enterprise development, including the application of financial intelligence, financial shared development, data analysis and management, etc., and comprehensively sort, analyze and summarize the relevant research through the method of literature review. In addition, it provides reasonable suggestions for the future development direction of enterprise finance, so that enterprises can gain competitive advantages from intelligent financial applications, improve company efficiency, and achieve good and long-term development.
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Prijadi, Ruslan, Permata Wulandari, Putri Mega Desiana, Fajar Ayu Pinagara, and Maya Novita. "Financing needs of micro-enterprises along their evolution." International Journal of Ethics and Systems 36, no. 2 (April 9, 2020): 263–84. http://dx.doi.org/10.1108/ijoes-05-2018-0071.
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Purpose The purpose of this paper aims to investigate micro enterprises financing in Indonesia and examines how this financing differs, depending on the enterprise’s development stage. This research also identifies some structural problems related to micro-financing and provides workable solutions. Design/methodology/approach This research uses the entrepreneurial network model of Schutjens and Stam (2003) to examine how Indonesian micro and small enterprises (MSEs) evolve even before they become regular small businesses. Content analysis is used on 10 micro-enterprises from Jakarta, the capital city of Indonesia and its surroundings. Financing issues at each stage of enterprise development are identified and deeply examined. Findings This research not only confirms the significant financing problems micro-enterprises face but also clarifies that these problems are unique to each stage of the MSEs’ development. One insight is that most micro-enterprises do not use funding from formal institutions. That is, business owners rely more on funding from non-formal institutions. This is because these enterprises’ managers generally cannot prepare loans application and/or they are lack of knowledge/training on financing matters. They hesitate to borrow from formal financial institutions, as the rates are high but the processing time is longer than those of the loan sharks. Originality/value This research contributes to the field of entrepreneurial finance by identifying the structural problems inherent in micro-finance and providing workable solutions for overcoming these problems.
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Xiang, Dong, and Andrew Worthington. "Finance-seeking behaviour and outcomes for small- and medium-sized enterprises." International Journal of Managerial Finance 11, no. 4 (September 7, 2015): 513–30. http://dx.doi.org/10.1108/ijmf-01-2013-0005.
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Purpose – Model finance-seeking behaviour and outcomes by Australian small- and medium-sized enterprises (SMEs) using firm-level panel data. The paper aims to discuss this issue. Design/methodology/approach – Using firm-level three-year panel data for more than 2,000 SMEs from the Business Longitudinal Database compiled by the Australian Bureau of Statistics, the authors estimate separate models for the seeking of finance (debt and/or equity) and the outcomes of finance seeking (successful or unsuccessful). Key explanatory variables include declared business focus (on financial, cost, operational, quality, innovation, and human resource measures), presence of business plans and other documentation related to successful finance seeking, innovation, indicators for family and foreign-owned businesses, and profitability. Control variables include sales, the number of employees, length of operations, export and import activity, government financial assistance, and industry classification. Findings – Business objectives together with a large number of firm-level characteristics, including firm age, size, industry and sales, profits, growth and exports, significantly affect both finance-seeking behaviour and outcomes. The authors find evidence that the pecking-order and agency cost theories of capital structure at least partly explain the financial behaviour of Australian SMEs. Research limitations/implications – Several of the responses in the underlying survey data are qualitative so the authors are unable to assess how the strength of these relationships varies by the levels of sales and profitability. Practical implications – The findings show that business objectives significantly affect SME finance-seeking decisions and outcomes. SMEs that focus on profitability or growth have a strong willingness to seek additional finance; in comparison, SMEs that focus on the quality of their products or services are less likely to apply for additional finance. As only half of the SMEs in the sample considered profitability or growth to be a major business focus, core business objectives greatly affect SME financing decisions. Further, pecking-order theory not trade-off theory better explains the financial behaviour of SMEs, yielding evidence that SMEs continue to face financial constraints when pursuing growth. Some evidence also of agency cost theory in the positive effects of family ownership on debt seeking. Originality/value – One of very few studies to examine finance seeking by SMEs, especially in Australia. Further, only study known to include declared business strategy, presence of business plans and other finance-related documentation and innovation in addition to the usual focus on growth and profitability to explain financing behaviour. Very large panel of longitudinal data used to explain financial decision making over time.
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Shafinah Rahim and Vinod Raj Balan. "Financial Literacy: The Impact on the Profitability of the SMEs in Kuching." International Journal of Business and Society 21, no. 3 (April 26, 2021): 1172–91. http://dx.doi.org/10.33736/ijbs.3333.2020.
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This study aims at investigating the financial knowledge, financial behaviour and the attitude towards finance amongst on small medium entrepreneurs (SMEs) in Kuching. More specifically on how these powerful factors affect the profitability on fast growing business enterprises in largest city in the Borneo Island over the last decade. The research takes a descriptive approach fitting its underlying pursue and draws interesting conclusions with over 75% response rate. Analysis of the data collected clearly reveals that the knowledge of finance in general relates significantly stronger to the bottom line of these business entities relative to the owners’ financial attitude and their ensuing behaviour towards financial decision making. Therefore, small medium entrepreneurs are highly recommended to participate in financial education on a regular basis to keep them well informed and equipped with the latest ways of managing the finances of their businesses to ensurebetter financial planning, execution and monitoring of enterprises that inevitably will lead to increased and sustainable earnings.
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Dhaubhadel, Sarita, and D. K. Maheshwari. "Management Practice of Women in Entrepreneurship Activities of Micro Enterprise Running in Parbat District, Nepal." Nepal Journal of Multidisciplinary Research 5, no. 2 (June 29, 2022): 20–31. http://dx.doi.org/10.3126/njmr.v5i2.46076.
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Micro-enterprises are small-scale businesses run by low-income people with government or non-government assistance. It helps people manage their daily requirements by improving their quality of life and adding value to the local economy in underdeveloped countries. They provide many small-scale jobs, raise income, increase purchasing power, and strengthen the country's economy. The major goal of this research was to find out how women micro-entrepreneurs may run their businesses as under-represented and seemingly stigmatized minority business owners. Micro businesses make managerial decisions based on individual tastes and priorities. The study discovered that the true meaning of micro-enterprise management goes beyond the standard business semantics. The study included 384 women from the Parbat district of Nepal who worked in micro-enterprises. According to the study, the participation of family members has a substantial impact on the success of a micro business. The results suggest that 99 percent of the women agreed the involvement of family members and supporters to run the enterprise. Similarly 74.50 percent women agreed that they received training to run their enterprise.
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Al-Zu’bi, Bashar. "Link Program: Evidence from Micro-finance Institution in Jordan." Journal of Social and Development Sciences 8, no. 4 (February 24, 2018): 6–13. http://dx.doi.org/10.22610/jsds.v8i4.2058.
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This paper studies and assesses the methodology of the “Link Programâ€, i.e., a process which the owners of micro-enterprises can undergo to help them grow their micro-enterprises into small and medium sized concerns. We evaluated the impact on the performance of micro entrepreneurs as a function of financial and non-financial support provided by a microfinance bank – NMB. The paper established specific criteria for enterprises’ graduation, namely: completing 3 loan periods with outstanding credibility and dedication of repayment, continuous profit growth rate obtained as a result of activities (revenue) expansion, formalizing the enterprise by registering it with the government, and generating jobs for local candidates. The paper made use of a sample of 8,000clients who took business loans and had accessed non-financial support provided by the NMB during a period of six to eighteen months. We employed a standard data analysis against graduation criteria and found the “AS IS†non-financial services (counseling and networking) have affected the performance of a few micro and small enterprises; only 13.7% of NMB’s clients grew. Although many micro and small enterprises do not usually grow as would be expected, the result from Jordan is below the international practices which showed that 50% and 60% of modern MSE in Latin America and Asia grew from low entrepreneurs. It was therefore concluded that NMB should design and deliver a more comprehensive and innovative non-financial services (“TO BE†approach).
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Zhang, Jun. "Development of Internet Supply Chain Finance Based on Artificial Intelligence under the Enterprise Green Business Model." Mathematical Problems in Engineering 2021 (May 15, 2021): 1–10. http://dx.doi.org/10.1155/2021/9947811.
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At present, China’s economic development has made unprecedented progress, but it is also facing a severe situation, and the environmental carrying capacity has almost reached its limit. For this reason, the government vigorously promotes the construction of ecological civilization and advocates green development, circular development, and low-carbon development. Enterprise green operation is a business activity that integrates environmental protection into the whole process of enterprise operation and management. It requires the guiding ideology of business operations and every link of business management to be based on environmental protection. The purpose of this article is to solve the problems between the development of corporate GDP and green protection and analyze the impact of green business development policies on China’s corporate GDP. In order to further clarify the impact of green development on social development of Chinese enterprises, this paper investigates the economic and environmental aspects of green transformation enterprises nationwide. The research results show that China’s green enterprise development has achieved remarkable development achievements. The average growth rate of China’s green development GDP in recent years has begun to significantly exceed the average growth rate of green GDP over the same period. The average annual growth rate of the enterprise’s total economic growth of green environmental protection GDP has reached 11.58%, surpassing the average growth rate of the green GDP economy of the same period of 0.12%. Chinese companies have also achieved impressive corporate achievements following the implementation of the national guidelines for green development. For the first time in 31 inland provinces, municipalities, and autonomous regions in China, chemical companies have achieved green production, and the average GDP growth rate has reached 8.75% for the first time.
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Šišara, Jelena, and Nataša Šarlija. "FACTORS AFFECTING MICRO AND SMALL ENTERPRISES’ ACCESS TO MICROFINANCE IN CROATIA." DIEM Dubrovnik International Economic Meeting 8, no. 1 (August 2023): 14–26. http://dx.doi.org/10.17818/diem/2023/1.3.
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Micro, small and medium enterprises (MSMEs) are recognized worldwide as crucial element of boosting economic growth, reducing unemployment and poverty. In order to achieve growth, develop new products, create new jobs, they need to get finance. However, they are facing financing constraints, and persistent limitations to access to finance remain to be a major obstacle for them. Thus, financial inclusion is important for economic welfare and sustainable economic development. This study aims to identify the determinants of access to micro loans for micro and small enterprises (MSEs) by considering entrepreneur characteristics, firm characteristics, and perceived business obstacles. Data set of 173 MSEs from Croatia – the region Dalmatia, is available for the purpose of investigating and comparing characteristics of those that are financed and those that are not financed by micro loans. Besides, the paper also presents the logistic regression model which identifies set of characteristics which have significant relation with the MSE tendency to be financed by micro loans.
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Zhang, Yaxin. "Research on the Application and Benefits of Financial Cloud in Small and Medium Sized Enterprises." Highlights in Business, Economics and Management 37 (July 18, 2024): 370–75. http://dx.doi.org/10.54097/nz2nm854.
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With the development of Internet technology, traditional accounting work is facing great pressure, and the emergence of financial cloud has brought many conveniences to financial work and more flexible and efficient solutions for enterprises, not only realizing the combination of Internet and financial work, but also helping enterprises achieve centralized management and collection of information. In the Internet era, the characteristics of the financial cloud can be summarized as "more stable, faster and better", so that industry insiders and the public's understanding of intelligent finance is constantly refreshed. This article compares and analyzes ZTE's new cloud financial cloud system and Kingdee's financial cloud system, and obtains the positive impact of financial cloud on financial work, thereby accelerating the process of financial sharing for Chinese small and medium-sized enterprises, helping them stand invincible in fierce market competition. Financial cloud can also help enterprises achieve seamless integration between finance and business, improve business efficiency and financial management efficiency, and create greater enterprise value.
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Ramli, Ainon, and Zeity Liziana Razali. "Women’s Micro-Enterprises: Factors Influencing Business Performance." Archives of Business Research 7, no. 9 (October 17, 2019): 268–83. http://dx.doi.org/10.14738/abr.79.7161.
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Micro Enterprises have a significant role in contributing to the economic development of Malaysia. However, the enterprises increasingly face competition not only from the same business segment but also from small, medium, and large enterprises. The objective of this study is to analyse the impact of internal and external factors (internal factors: entrepreneurial traits and managerial skills; external factors: access to finance, use of information technology, marketing, availability of business infrastructures) towards women’s micro-business performance in Kelantan, Malaysia. The study adopted a quantitative methodology and surveyed 100 women’s micro-businesses using questionnaires. The study concluded that the internal factors of entrepreneurial traits and managerial skills highly influenced the performance of women’s micro-enterprises. The study further revealed that external factors do not impact the performance of women’s micro-enterprises in Kelantan, Malaysia.
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Lord, Nicholas, and Michael Levi. "Organizing the finances for and the finances from transnational corporate bribery." European Journal of Criminology 14, no. 3 (August 24, 2016): 365–89. http://dx.doi.org/10.1177/1477370816661740.
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This article analyses the finances for and the finances from corporate bribery in international business transactions and how they are organized. Transnational corporate bribery involves non-criminal commercial enterprises that operate in licit markets but that use corrupt means to win or maintain business contracts in foreign jurisdictions. This article first considers what needs to be financed, how much finance is needed, and how the bribes can be generated and distributed. Second, the article considers the different forms of proceeds that emerge out of the bribery, how offenders must conceal the derivation of funds from these crimes while also retaining control over them, and how they must overcome particular obstacles. Finally, the article discusses responses to the proceeds of bribery and related anti-money laundering provisions, before analysing actual and potential mechanisms for intervening with the finances for and from transnational corporate corruption.
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Patil, Vaishali. "Evaluation of Entrepreneurship Development using ARAS Method." Recent trends in Management and Commerce 3, no. 2 (December 1, 2022): 114–20. http://dx.doi.org/10.46632//rmc/3/2/9.
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Entrepreneurship Development. The development of entrepreneurial knowledge and abilities through organized training programs is referred to as entrepreneurship. It focuses on the analysis of entrepreneurial behavior, business dynamics, and the development and growth of the latter. Entrepreneurship is the capacity and willingness to establish, plan, and manage a business enterprise along with all of its risks for financial gain. Starting new enterprises is the most well-known example of entrepreneurship. Entrepreneurs have advantages that extend beyond the companies they start. The lives of individuals, communities and the economy as a whole are all improved by entrepreneurs. Entrepreneurs are crucial in fostering social change and enhancing people's quality of life and employment. Increasing the knowledge and skills of current entrepreneurs and inspiring people to start their own businesses are the goals of entrepreneurship development programs. In the end, this contributes to the growth of this population within an economy. This paper is the Addition Ratio Assessment (ARAS) method. The ARAS method is also tested for the problems considered. All three methods are very simple to understand and easy to implement and are observed to provide almost perfect rankings for Entrepreneurship Development alternatives. Evaluation parameters on Agriculture, Mining, manufacturing, Electricity, gas & clean air supply, Construction, Trade, hotel & restaurant, Transport & Communication, Finance, rent & service, Services, and Small enterprises, Medium Enterprises, and Large Enterprises in this position. Agriculture, Mining, Manufacture, Electricity, gas & clean air supply, Construction, Trade, hotel & restaurant, Transport & Communication, Finance, rent & service, Services. Small Enterprise, Medium Enterprise, Large Enterprises. Trade, hotel & restaurant got the first rank whereas is Agriculture is having the lowest rank.
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Fauziah, Najim Nur. "Developing Cash Waqf Model as an Alternative Financing for Social Enterprises to Support Decent Work and Economic Growth in Indonesia." Turkish Journal of Islamic Economics 8, Special Issue (June 15, 2021): 195–217. http://dx.doi.org/10.26414/a2759.
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Social enterprises have substantially affected Indonesia’s economic growth and may contribute to the Sustainable Development Goals (SDGs’) achievement. Social enterprises empower minority groups by giving greater accessibility to a facility for a sustainable means of livelihood to the low income and disadvantaged groups, which make up a considerable part of the population, thereby creating an inclusive workforce. However, financial issues still pose a challenge for the sustainability of social enterprises in Indonesia due to the awkward reconciliation of their social missions, a characteristic of their businesses, with the less attractive returns for their investors. Cash waqf is one of the Islamic social finance instruments accepted to invest and manage certain funds to solve different social challenges relevant to the SDGs. Hence, this study aims to achieve the following objectives: (i) to identify the current issues of social enterprises; and (ii) to propose an Integrated Cash Waqf Social Enterprise Business (ICWSE-B) model in achieving the SDG8 in Indonesia. This paper adopts a qualitative research method with primary data obtained mainly from interviews. The findings suggest that financing remains the most significant challenge for most social enterprise businesses. The study also introduced an innovative integrated business model of social enterprise and cash waqf known as the ICWSE-B model to solve many social enterprises’ financial issues. The proposed ICWSE-B model is considered most suitable for social enterprise as it supports decent work and economic growth of the SDGs.
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Amosah, Jonah, Tahiru Lukman, and Khalida Seidu Khalida Seidu. "Record Keeping and its Effects on the Development of Small-Scale Enterprises in the Sissala West District in the Upper West Region of Ghana." American Journal of Economics and Business Innovation 2, no. 2 (May 3, 2023): 24–34. http://dx.doi.org/10.54536/ajebi.v2i2.1520.
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Record keeping is important in development because it provides recorded information critical in business entities’ strategic development. The study aimed to look into record keeping and its effects on the development of small-scale enterprises in the Sissala West District of Ghana’s Upper West Region. The study collected data through questionnaires and observations. The study also drew 95 people from a list of small businesses in the Sissala West district as a sample size. The findings show that record-keeping practices are not widely encouraged among small-scale enterprises, and that businesses cannot appreciate the benefits of record-keeping because it is not widely used. Findings also show that capacity factors are important to most small business owners. Findings also show that most small-business owners lack the knowledge and experience needed to use modern technology to keep records. It is suggested that the Ghanaian government (GoG), the Ministry of Trade and Industry, the Business Resource Center (BRC), the Ghana Enterprise Agency (GEA), and the Micro Finance and Small Loans Scheme (MASLOC) collaborate to assist small businesses in improving their record keeping.
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Praveen Balakrishnan Nair. "Embracing Hybridity: A Business Model Innovation for Sustainable Social Enterprises." International Journal of Business and Society 23, no. 3 (December 19, 2022): 1600–1617. http://dx.doi.org/10.33736/ijbs.5186.2022.
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Unlike commercial enterprises, social enterprises are required to generate both social and economic value. Hence, the sustainability of social enterprises must be considered from a dual perspective: generating and sustaining the envisioned social impact and sustain financially over time to make the social impact continuous. Prioritising social objectives over financial endurance can be suicidal as it may jeopardise the long-term financial viability of the enterprise. Hence, both business and social impact dimensions are to be given equal weightage and incorporated into the enterprise business model, considering the frictions that may exist during their co-existence and finding ways to balance both in long term. The paper starts with an analysis of various dimensions and interpretations of social enterprises followed by a review of literature on business models. The need of innovating the conventional business models used by commercial enterprises to suit social enterprises are then discussed and a business model canvas for social enterprises is proposed, suiting the dual objectives of the enterprise. The paper concludes with the case of a social enterprise, set up for the upliftment of urban poor, to illustrate the application of the proposed social business model canvas.
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Basco, Rodrigo, and María José Pérez Rodríguez. "Studying the Family Enterprise Holistically." Family Business Review 22, no. 1 (March 2009): 82–95. http://dx.doi.org/10.1177/0894486508327824.
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This research contributes to the family business literature by empirically demonstrating that family enterprises that give more emphasis to family and business as a whole have better family results and similar business results when compared to those enterprises that limit governance to only the business. The article includes a review of the literature, and it identifies a set of four basic dimensions that focus on different aspects of family enterprise. The study then combines measures of these dimensions to describe both the governance and the nature of the family and the business. A representative sample of 732 Spanish family enterprises enabled the research to reveal empirical support for the theory positing that balanced attention to governing the subsystems is an effective route to family enterprise management.
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Bian, Wenying, and Wenmin Bian. "Construction of Application Model of Accounting Framework Platform for Industry-Finance Integration Management under the Background of Multimedia Technology." Mobile Information Systems 2022 (May 20, 2022): 1–10. http://dx.doi.org/10.1155/2022/1151226.
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With the rapid development of multimedia technology today, digital technology research has penetrated into various fields. Based on the integration of industry and finance, management accounting breaks the barriers of business and financial communication, makes business and financial processes penetrate each other, reduces financial levels, improves work efficiency, and helps enterprises create value and improve their core competitiveness. In recent years, with the continuous emergence of new technologies such as big data, cloud computing, and blockchain, how to rely on multimedia technology to effectively realize the platform model of management accounting aiming at “integration of industry and finance” is a difficult problem faced by enterprise management. Combined with the characteristics of multimedia technology, this paper embeds the neural network algorithm in the design of the model and matches the optimization and processing of management accounting in decision-making under the guidance of fuzzy theory. Business decision-making is the core of all the work of enterprise management. The formulation of its decision-making scheme involves all business fields of the enterprise. The implementation of the decision-making scheme directly affects the business performance of the enterprise. The correctness of the decision-making scheme is directly related to the success or failure of the enterprise. Extracting and utilizing the huge financial data generated during the daily management of the enterprise’s financial department, a multimedia technology-based enterprise management accounting analysis model is designed and implemented.
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Sadura, Oksana B., and Oleksandr M. Pravdyvets. "Economic stability and ways to strengthen the security of enterprises in the face of modern challenges." Regional Economy, no. 1(107) (2023): 110–18. http://dx.doi.org/10.36818/1562-0905-2023-1-11.
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Achieving economic stability is one of the main challenges facing businesses in today’s unstable financial and political environment. The coordinated development and creation of a reliable and promising business climate are among the top priorities for Ukraine’s economy, which would ensure the continued functioning of business entities in the future. The article aims to analyze the economic stability of enterprises in the context of modern challenges, namely during martial law in Ukraine, and outline the main directions for strengthening the security of enterprises. The basic essence of the term “economic stability of an enterprise” is revealed, taking into account the interpretation of this concept in the scientific works of economists. The article analyzes the economic stability of enterprises in the context of modern challenges, namely, during martial law in Ukraine. It emphasizes that in addition to profitability, the economic stability of an enterprise depends on many factors that are formed as a result of financial stability and economic and financial resilience. The full-scale invasion of our country by the Russian aggressor has made adjustments to the economic stability of enterprises. The authors analyze the main problems that prevent businesses from recovering and developing during the war and point out certain conditions to which enterprises are adapting. The positive aspects on the basis of which the economic activity of enterprises is gradually recovering in certain industries are outlined. The results of the analytical report of the United Nations Development Programme in Ukraine are analyzed, and the directions for strengthening the security of enterprises in the context of modern challenges are offered.
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Baranova, Polina, Fred Paterson, and Bruno Gallotta. "Configuration of enterprise support towards the clean growth challenge: A place-based perspective." Local Economy: The Journal of the Local Economy Policy Unit 35, no. 4 (June 2020): 363–83. http://dx.doi.org/10.1177/0269094220956509.
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Although clean growth has been identified as one of the grand challenges of the UK Industrial Strategy, public policy paid little attention to the configuration of business support towards enhancing clean growth potential of small and medium-sized enterprises. The dominant approach of policymakers to the design of enterprise support interventions appears to be ‘place-blind’ and downplays the challenges that small and medium-sized enterprises face in engaging with the clean growth policy agenda. Based on a mixed methods methodology, involving a survey of 306 businesses, a range of public engagement exercises and an extensive interview schedule, the study explores small and medium-sized enterprises engagement with the clean growth challenge and associated business support mechanisms. We conceptualise the nexus of place–policy–practice as a way of framing policymaking approach in addressing the challenge. As part of the clean growth policy implementation, business support mechanisms need to move beyond a singular focus on energy efficiency and shift towards a holistic approach to capacity building for sustainable development. Small business needs to project a district voice in the definition of place in the local industrial strategies and have access to enterprise support which is place-based, policy-informed and practice-relevant.
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Xia, Fangyuan. "An Analysis of the Application of Financial Sharing System in Securities Companies." Advances in Economics, Management and Political Sciences 64, no. 1 (December 28, 2023): 69–74. http://dx.doi.org/10.54254/2754-1169/64/20231492.
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With the development of economic globalisation and information technology, under the condition of limited resources, searching for new economic growth points and enterprise growth models, resource integration has become the key to implementing enterprise goals, and financial shared services have emerged. Enterprises with large-scale, widely distributed branches, financial sharing can integrate all kinds of resources in the enterprise, through the business module to optimise the process, so that the process between different regions and the accounting system tends to standardise and unify,Finance staff in all positions can familiarise themselves with the business dealing with branch matters. The securities industry has also continued to strengthen the integration of digital technology and business applications, moving towards standardisation, systemisation and intelligence. This paper briefly describes the meaning and development history of the financial sharing model, explains the development history and development status of the securities industry, and briefly analyses the application of financial sharing in the overall construction of the securities company's finances.
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Mou, WeiMing, Wing-Keung Wong, and Michael McAleer. "Financial Credit Risk Evaluation Based on Core Enterprise Supply Chains." Sustainability 10, no. 10 (October 15, 2018): 3699. http://dx.doi.org/10.3390/su10103699.
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Supply chain finance has broken through traditional credit modes and advanced rapidly as a creative financial business discipline. Core enterprises have played a critical role in the credit enhancement of supply chain finance. Through the analysis of core enterprise credit risks in supply chain finance, by means of a ‘fuzzy analytical hierarchy process’ (FAHP), the paper constructs a supply chain financial credit risk evaluation system, making quantitative measurements and evaluation of core enterprise credit risk. This enables enterprises to take measures to control credit risk, thereby promoting the healthy development of supply chain finance. The examination of core enterprise supply chains suggests that a unified information file should be collected based on the core enterprise, including the operating conditions, asset status, industry status, credit record, effective information to the database, collecting related data upstream and downstream of the archives around the core enterprise, developing a data information system, electronic data information, and updating the database accurately using the latest information that might be available. Moreover, supply chain finance and modern information technology should be integrated to establish the sharing of information resources and realize the exchange of information flows, capital flows, and logistics between banks. This should reduce a variety of risks and improve the efficiency and effectiveness of supply chain finance.
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Wang, Han. "A Novel Risk Control Method of Supply Chain Finance for Commercial Banks with Big Data." Highlights in Business, Economics and Management 7 (April 5, 2023): 502–12. http://dx.doi.org/10.54097/hbem.v7i.7028.
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Commercial bank supply chain financial business is mainly divided into accounts receivable financing mode, inventory financing mode and advance financing mode. Traditional supply chain financial business of commercial banks in different modes will form different risks, including small and medium-sized enterprise credit risk, the core enterprise credit risk and credit risk of the third-party logistics warehousing company. Under the background of increasingly powerful financial science and technology, we can use more financial technology through big data multidimensional collecting enterprise information, establishing intelligent risk control process, establishing the core enterprise credit evaluation system, preventing the core and small and medium-sized enterprises collusion fraud, preventing the third-party logistics warehousing enterprise credit risk, and reducing the risk of commercial banks supply chain financial business.
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Fernandes, Eduardo da Silva, Inês Hexsel Grochau, and Carla Schwengber Ten Caten. "Impact Investing: Determinants of External Financing of Social Enterprises in Brazil." Sustainability 15, no. 15 (August 3, 2023): 11935. http://dx.doi.org/10.3390/su151511935.
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Social impact investing and social entrepreneurship have great potential for solving global problems. However, practitioners and researchers know little about the entrepreneurial process and the investors’ criteria. Therefore, we identify the determinants of access to external finance for social enterprises in an emerging economy using a quantitative approach in a large sample (N = 601). We found that impact sector, business model, entrepreneurial support, development stage, and the adoption of technologies impact access to finance by social enterprises. We also show that green technologies have greater funding access than other enterprises and that social impact investors are more aware of environmental issues and less concerned with financial returns. To raise more funding, we suggest that social entrepreneurs include environmental issues in their business, quickly validate their idea, add an intermediary company between the enterprise and the consumer, seek the support of incubators or accelerators, and adopt emerging technologies in the product or service offered.
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Krupina, Y. M., M. A. Subalova, and I. V. Selezneva. "Limitations of small and medium business lending in Kazakhstan: factors affecting access to finance." Bulletin of "Turan" University, no. 3 (October 7, 2021): 108–15. http://dx.doi.org/10.46914/1562-2959-2021-1-3-108-115.
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This paper aims to investigate factors affecting the access of small and medium-sized enterprises (SMEs)to external financing in Kazakhstan. The data set of this research is obtained from the Business Environment and Enterprise Performance Surveys (BEEPS) conducted by the World Bank in Kazakhstan in 2019. The results of the analysis showed that such factors as revenue, the availability of collateral, previously received loans, have a positive impact on the decision to grant a loan by financial institutions. However, the results of the analysis did not show a statistically significant effect of the size and age of the enterprise on access to credit, which was proved by a number of studies in other countries. The results of the analysis also showed that access to external financing is significantly limited for enterprises implementing innovative products or services, which is explained by the riskiness of these enterprises from the point of view of creditors. It is interesting to note that the analysis showed a statistically significant positive relationship between access to credit and a female manager, which proves that there is no discrimination on gender grounds when making a decision to issue a loan in Kazakhstan. The results obtained can be used to develop more effective conditions for lending to SMEs, as well as to improve scoring models for SMEs, where the main criteria may be the history and potential of the company, rather than the current financial situation and the availability of collateral.
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Tang, Lin. "Ideology and Business Environment in Heilongjiang province-- Department of Investment Insurance, Harbin Institute of Finance." Lifelong Education 9, no. 5 (August 2, 2020): 203. http://dx.doi.org/10.18282/le.v9i5.1252.
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At present, China attaches more and more importance to the development of business environment. Heilongjiang, as an important heavy industry base and commodity grain base in China, is also an important sector. The business environment is mainly dependent on the enterprise, with the enterprise can talk about the environment. Enterprises are mainly dependent on personnel. Given the current situation in Heilongjiang province, the economy is not strong enough. This paper puts forward subjective reasons and objective reasons. And put forward relevant Suggestions, can promote the business environment in Heilongjiang region can be better and faster development.
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Ильясова, К. Х., С. Р. Умархаджиева, Э. Р. Салгириев, and С. А. Хусаинова. "Theoretical foundations of small business finance management." Экономика и предпринимательство, no. 4(141) (July 11, 2022): 879–83. http://dx.doi.org/10.34925/eip.2022.141.4.157.
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Данная статья подтверждает организацию финансового менеджмента малого бизнеса. Укрепление статуса малых предприятий как самостоятельных хозяйствующих субъектов в новых условиях требует принципиально нового подхода к мониторингу их финансовой деятельности. В частности, необходимо внедрить финансовый менеджмент в малом бизнесе, ключевые слова: финансы, малый бизнес. Характерной чертой рыночной экономики является то, что это экономика, ориентированная на общество, дополняемая государственным контролем. This article confirms the organization of financial management of small businesses. Strengthening the status of small enterprises as independent economic entities in the new conditions requires a fundamentally new approach to monitoring their financial activities. In particular, it is necessary to introduce financial management in small business, keywords: finance, small business. A characteristic feature of a market economy is that it is a society-oriented economy supplemented by state control.
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Christauskas, Ceslovas, and Regina Miseviciene. "Cloud–Computing Based Accounting for Small to Medium Sized Business." Engineering Economics 23, no. 1 (February 15, 2012): 14–21. http://dx.doi.org/10.5755/j01.ee.23.1.1220.
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Small to medium sized business enterprises are young and constantly changing their sphere of activities depending on fluctuations of the market. The enterprises daily use accounting information, which is used in enterprise’s financial situation evaluation, correct decisions making, enterprise’s financial situation analysis according to the results received, making plans for future and controlling the whole enterprise. Accounting information systems play a significant role in providing the financial information for decision making within an organization. The systems are simultaneously providing information for a variety of other decision makers in production, human resources, finance, management, marketing, and supply chain logistics. Unfortunately, accounting systems often do not support business properly. The causes may be: systems mostly are too large and complex to comprehend them in entirety and traditional information technologies are not efficient. There is a need to adopt the newest technologies in small to medium sized business. In the paper investigated study showed the newest trends in accounting information systems for small to medium sized business. One of the newest trends in the information technologies world is cloud computing based technology. Accounting transfer to "cloud" is a new and innovative solution that can help save significant funds small and medium-sized enterprises. Small to medium businesses can get a lot of advantages with the newest technology. However, it has its own risks too. The paper indicates advantages and dangers of the newest technology within the business. Investigation of accounting systems for small and medium sized enterprises in Lithuania in the cloud-computing context is a part of the research. Lithuanian companies have a great opportunity to use cloud computing capabilities. But only one developer of accounting systems offered the cloud based accounting program. Results of the research summarized only by main accounting software. Investigation was carried out by using systematic and comparable literature review of accounting information systems faced to small to medium sized business. The investigation also shows that there are not so many scientific papers on the newest cloud computing trends in Lithuania. Accordingly, this research was mostly based on literature review sourced from the internet.DOI: http://dx.doi.org/10.5755/j01.ee.23.1.1220
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AGÂRBICEANU, Simona Marcela, and Tatiana PĂUN. "THE NEED FOR A PARADIGM SHIFT IN FINANCE: SUSTAINABLE CORPORATE FINANCE." Management of Sustainable Development 13, no. 1 (June 1, 2021): 33–38. http://dx.doi.org/10.54989/msd-2021-0006.
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Under current global conditions, finance may play a critical role in allocating investment to sustainable enterprises and projects, thereby hastening the transition to a low-carbon circular economy. Finance promotes risk assessment and, as a result, can aid in addressing the inherent ambiguity surrounding environmental concerns such as the impact of carbon emissions on climate change. In recent decades, thinking about sustainable finance has progressed through several stages, with the emphasis steadily changing from short-term profit to long-term value creation. This study seeks to conduct an examination of the concept and premises of sustainable corporate finance based on literature research, with the goal of bringing arguments to the need to shift the financial paradigm. This emerging perspective emphasizes that, while profit creation and maximization are important, firms must also seek other goals that have an impact on society, such as those connected to sustainable development. The integration of environmental, social, and governance components into financial decision-making processes is referred to as sustainable finance. Recent developments highlight the importance of businesses' commitment to responsible behavior in transforming the company into a truly sustainable enterprise that adds value to the business, society, and the environment.
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Xing, Mei. "Research on the Enterprise Finance and Capital Operation under the ERP Management Balance." Applied Mechanics and Materials 687-691 (November 2014): 4458–61. http://dx.doi.org/10.4028/www.scientific.net/amm.687-691.4458.
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After theoretical analysis of empirical research by channel turnover period index of working capital, by setting the implementation and the implementation of ERP in the two groups sample data to avoid the interference of other factors outside the ERP. Through the virtual variable set of empirical analysis of the influence of ERP is to the enterprise working capital management. By paired sample test, it found that after the implementation of ERP enterprise marketing channel in recent years increased turnover period instead of working capital. It is associated with the global economic crisis. Through regression analysis in recent years enterprises to implement ERP is not noticeable to enterprise's working capital management improvement effect. Investigate its reason is summarized as the unreasonable design of ERP implementation, management and the influence of the macro economic situation influence business decisions.
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Mohammed, Ibrahim, and Alhassan Bunyaminu. "Major obstacles facing business enterprises in an emerging economy: the case of Ghana using the World Bank Enterprise Survey." Journal of Small Business and Enterprise Development 28, no. 3 (April 5, 2021): 475–87. http://dx.doi.org/10.1108/jsbed-04-2020-0110.
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PurposeThis paper aims at identifying the major obstacles to business enterprise in an emerging economy and how these obstacles are associated with different characteristics of the enterprises.Design/methodology/approachThe study relied on the World Bank Enterprise Survey data on Ghana and applied binary and ordinal probit regression techniques to estimate the associations between the characteristics of the enterprises and the identified obstacles. Significance testing of the associations is also conducted.FindingsThe five main obstacles perceived by most of the enterprises in the study are access to finance, electricity, access to land, customs and trade regulations and tax rates. These obstacles are associated in different ways to growth rate (high vs low growth), scale (small and medium vs large), age, size of employees, the experience of the top manager and ownership (wholly domestic vs foreign ownership).Research limitations/implicationsAs a cross-sectional study focusing on Ghana, the findings are informative about the major obstacles facing business enterprises in an emerging economy; however, the ecological validity of these findings may be limited to factors specific to Ghana.Originality/valueGiven the representativeness of the Enterprise Survey, policymakers can rely on these findings to formulate useful policies to promote the operations of business enterprises.
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Korkina, Vera, and Olga Zmanovskaya. "Digitalization of the Economy of Small Businesses — From Business Process Assessment to Goal Setting." Baikal Research Journal 14, no. 2 (June 5, 2023): 429–37. http://dx.doi.org/10.17150/2411-6262.2023.14(2).429-437.
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The purpose of this article is to study and structure the identified problems in business processes in small business entities (hereinafter referred to as small business entities) that limit the implementation of measures during the transition period to the digital economy. The transition from traditional business to the digital economy format is currently associated with a number of systemic problems in the business processes of enterprises of the subjects of small and medium-sized businesses. The objects of the study were enterprises of small businesses of the Russian Federation in various industries: medical centers, private training centers and manufacturing enterprises. The subject of this research is the business processes within the enterprises under study. Its methodological basis is provided by the following methods: empirical, theoretical, sociological, psychological. As part of the research in the field of the problems in the economy and finance of enterprises of the subjects of small businesses and the transition to the digital economy in conditions of economic uncertainty, the authors of the article carried out research, analysis and evaluation of business processes. At this stage of the study, key business processes at enterprises have been identified within the framework of joint consulting projects at small businesses to assess the possibilities of transition to digitalization of the economy. The main problems in business processes hindering such a transition to the digital format of doing business are identified and classified, the points of business growth in the activities of enterprises are determined by the authors. We have studied and structured the identified problems of digitalization of business processes and proposed ways in order to solve them.
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Jing, Ziming, Jiajun Ma, and Minggu Ma. "Big Data, Financial Digitalization and Enterprises’ Shift from Real to Virtual." BCP Business & Management 38 (March 2, 2023): 1358–65. http://dx.doi.org/10.54691/bcpbm.v38i.3896.
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Technological advancements, for instance, big data, mathematical modeling, the Internet of Things, blockchain, and cloud algorithms, have made inclusive finance more feasible. In order to cope with future uncertainties and reduce operational risks, enterprises might increase the proportion of financial assets. Finance, real estate, and other industries have become more and more important to enterprises in recent years. The aim of this paper is to examine how the progress in digital finance has enabled businesses to become more "financial" and to formulate the following policies. The model used in this paper researched how financial digitization affects the degree of financialization of firms. Digital technology has significantly contributed to the financialization of enterprises based on experimental results. A shift from real to virtual economy may result from more real enterprises participating in financial investment or financial business. Based on the model above, dummy variables and their interaction terms are introduced, which shows digitalization level has no heterogeneous effect on the degree of financialization in large and small enterprises. The study discovered that developing digital finance has a favourable impact on how financial assets are allocated by businesses (regardless of size). Due to the financialization of these businesses, financial markets have surely grown more competitive, putting pressure on all participants, and presenting opportunities and threats.
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Zhao, Yuting. "Risk Prediction for Internet Financial Enterprises by Deep Learning Algorithm and Sustainable Development of Business Transformation." Journal of Global Information Management 30, no. 7 (September 2022): 1–16. http://dx.doi.org/10.4018/jgim.300741.
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It is necessary to find new ideas of business transformation of traditional financial enterprises under the background of Internet finance. Based on DL (deep learning) algorithm, the BPNN (Back Propagation neural network) model and Vector Autoregression model are used to analyze the business conflict of commercial banks among traditional financial enterprises under Internet finance. The business integration point of the two is found through the impulse response analysis of the impact of the Internet financial business on the traditional financial industry. Then, the DL algorithm based on BPNN is used to obtain the optimal solution of business integration, to promote the transformation of traditional financial services under the background of Internet finance. The results show that there is a close correlation between Internet finance and traditional financial business. The initial conflicts between the two are serious, but as time passes, they have a trend of mutual integration.
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Sungkawati, Endang. "Linkages To Bookkeeping Training, Business Scale, Financial Records With The Members Participation Of The Indonesian Women's Cooperative." Archives of Business Research 8, no. 2 (February 16, 2020): 8–18. http://dx.doi.org/10.14738/abr.82.7693.
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Knowledge of financial analysis, especially for business activity is essential, because by having that knowledge that the members of Micro Small Enterprises (MSE) will be able to record their business finances and can distinguish business finance, business capital, and personal finance. This is happening in the agents who become a member of the Indonesia Women Cooperative. The subject, in general, do not have the knowledge and ability to record and analyze the business. So they have difficulty in fulfilling their obligations and less participates in cooperative activities. Based on this, this study aims to: know the effect of bookkeeping training and business scale on member participation moderated by financial records. The results showed that the variable financial recording is a moderating variable in influencing the bookkeeping training and business scale on the participation of members of the Indonesia Women Cooperative.