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Papajorgji, Endri, and Naim Mëçalla. "Enterprises in Yugoslavia as a Specialty of Workers' Self-Management System During Socialism (1945-1990)." Academic Journal of Interdisciplinary Studies 10, no. 5 (September 5, 2021): 175. http://dx.doi.org/10.36941/ajis-2021-0132.
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In Socialist Federal Republic of Yugoslavia (hereinafter: SFRY) many laws were approved that regulated the legal capacity of economic organizations (Dobias, 1969);1 however, no law regulated the concept of the enterprise (Stipetić, 1982). The constitution of 13.1.1953 transformed in its Art 4 “state property” to "social property". In addition, workers' self-management of enterprises (economic organizations) was proclaimed as the basis of the social and political order. The work collective managed the assets of the companies on behalf of the company, while the state was responsible for day-to-day management and the funds needed for production (Prasnikar, Svejnar, Mihaljek & Prasnikar, 1994). In this sense, the implementation of participative management systems reflects the intentions of the political leadership to decentralize and liberalize economic life (Zeffane, 1988). The company was not a commercial company, as it is known in the West, but a production cooperative that was not in a membership relationship with the workers (because then they would be equal to a public company), but in an employment relationship (Spaić, 1960). The company was self-sufficient in terms of its internal organization and management, planning its economic activity, the distribution and use of income, the signing of contracts and the formation of economic associations (Pretnar, 1961). The self-administration law, ie the right of the work collectives to the administration of the commercial enterprises, could be called civil-law or property-law authority, because the work collectives would not have possessed a real self-administration right, without such a competence. In this sense, main objective of this manuscript is the analysis of enterprises in Yugoslavia as a specialty of both systems, capitalism and socialism. Main objective of this manuscript is the Analysis of Enterprises in Yugoslavia as a specialty of workers' self-management system from 1963 -1990 Received: 16 June 2021 / Accepted: 3 August 2021 / Published: 5 September 2021
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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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Uvalic, Milica. "Avramovic’s contribution to the transition to market economy in Yugoslavia." Panoeconomicus 69, no. 2 (2022): 265–82. http://dx.doi.org/10.2298/pan2202265u.
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The paper is dedicated to Dragoslav Avramovic, a unique personality who played a key role in a historically important period for Federal Republic (FR) of Yugoslavia. After the successful implementation of his macroeconomic stabilization program, Avramovic wanted to implement other important economic reforms. In November 1995, he prepared the ?Program II? that contained fifteen measures, one of which was the ?Democratization of property relations?. Avramovic formed a Working Group in April 1996 that was to prepare a privatization program for FR Yugoslavia. The program was soon ready, proposing obligatory, comprehensive and fast privatization of all enterprises in FR Yugoslavia, using a combination of different methods. However, Avramovic?s privatization program was not even officially discussed, since in mid-May 1995 he had to leave his position of Governor of the National Bank. The paper also points to the profound ideological differences among intellectuals at that time and to the wider consequences of Avramovic?s departure.
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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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den Haan, Wouter J., Garey Ramey, and Joel Watson. "Liquidity flows and fragility of business enterprises." Journal of Monetary Economics 50, no. 6 (September 2003): 1215–41. http://dx.doi.org/10.1016/s0304-3932(03)00077-1.
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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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Sedova, N. V. "Finance Sustainability of Entities of Small and Medium Business Working in Trade." Vestnik of the Plekhanov Russian University of Economics, no. 2 (April 13, 2022): 168–75. http://dx.doi.org/10.21686/2413-2829-2022-2-168-175.
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The current situation in Russian economy advances serious demands to small and medium enterprises. The author of the article suggests plotting a finance plan at enterprises in accordance with the set goals and requirements of today’s economy in order to minimize uncertainty of the market environment and its adverse affects. The finance plan can help them balance their expenses and attain profit growth, which can contribute to winning new positions on market. Small and medium enterprises are characterized by good flexibility, which gives them an opportunity to adapt to the changing situation on market and stay competitive in any conditions. Small and medium entrepreneurship fosters a drop in unemployment by increasing the number of jobs, raising the volume of goods and services on market, which can have a positive impact on the social sphere. Enterprises of small and medium business are an integral part of healthy competition on market and it means an opposition to monopolies, free development and diversity in property forms. Small and medium business support investment activity at the expense of re-distribution of resources into the sphere of small and medium enterprises.
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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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Feliu, Neus, and Isabel C. Botero. "Philanthropy in Family Enterprises." Family Business Review 29, no. 1 (October 26, 2015): 121–41. http://dx.doi.org/10.1177/0894486515610962.
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Philanthropy in family enterprises operates at the crossroads of family, business, and society. Most of the research in this area is approached from the business or the individual level; thus, we have a fragmented understanding of philanthropy in family enterprises. This article presents a systematic review of the literature on the subject. Based on 55 sources published between 1988 and 2014, we explain the drivers of this behavior, the vehicles used to practice it, and the outcomes tied to the practice of philanthropy in family enterprises. We identify gaps in our understanding and provide ideas for future research.
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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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Zhong, Luwen, Nanyan Zhou, and Zhizheng Wang. "Discussion on the Application of Industry-Finance Integration in Warehousing Enterprises." Proceedings of Business and Economic Studies 5, no. 4 (August 10, 2022): 18–22. http://dx.doi.org/10.26689/pbes.v5i4.4101.
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In recent years, the transformation of warehousing enterprises has garnered widespread attention. The integration of industry and finance in management accounting can provide financial management support for the transformation of warehousing enterprises, deliver accurate and effective financial and business information, facilitate managers’ decision-making, and achieve the benign development of enterprises. This paper discusses the problems in the application of industry-finance integration in warehousing enterprises, including the low degree of informatization, inefficient internal cost control, and mismatched staff quality, and then proposes corresponding measures, such as establishing and improving information systems, establishing a comprehensive budget management system, and establishing management measures for the integration of industry and finance in warehousing enterprises, so as to strengthen the application of industry-finance integration in warehousing enterprises.
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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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Sergeeva, I. A., and S. Yu Chunaev. "Models of diagnosing finance security of industrial enterprises." Vestnik of the Plekhanov Russian University of Economics, no. 5 (October 25, 2018): 158–66. http://dx.doi.org/10.21686/2413-2829-2018-5-158-166.
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The article grounds the necessity to develop a logit-model capable of showing specificity of Russian economy for diagnosing finance security of industrial enterprises in the Russian Federation. As a result of the research the authors designed two specialized models and put forward a classification of finance security for small and medium business. They showed the role of ensuring finance security of industrial enterprises and gave facts, which makes it possible to diagnose the start of finance threats. The article provides the analysis of Russian industrial enterprises dealing with machine and equipment manufacturing. The designed logit-models show finance processes of home industrial enterprises, which can cause finance insolvency. Testing was done on the basis of official open accounting of 173 Russian industrial enterprises. The authors produce evidence of their use for forecasting finance standing of Russian industrial enterprises. The research was done with the help of software IBM SPSS Statistics and it made it possible to give precise and trustworthy tests of the quality of logit-models. This research can be recommended for choosing efficient managerial solutions on ensuring finance security of industrial enterprises among diversified alternative concepts.
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Dunn, Barbara. "Family Enterprises in the UK: A Special Sector?" Family Business Review 9, no. 2 (June 1996): 139–55. http://dx.doi.org/10.1111/j.1741-6248.1996.00139.x.
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This paper questions the effectiveness of economic development policies and programs which fail to differentiate family from non-family enterprises in the UK small and medium-sized firms sector. Published evidence is reviewed and findings from workshops and interviews with 10 Scottish family enterprises demonstrate that family enterprises differ, and in some economically significant ways, from non-family enterprises. It is suggested that the lack of provision for family enterprises hinders their business activity. The aim is to begin an argument for recognition of a “family business sector” in the UK in order to promote business activity in this economically significant group of firms, and to achieve a better payoff for governments from investment in economic development in small and medium-sized enterprises (SMEs).
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Zheng, Danting. "Analysis of the Current Situation of Supply Chain Finance and Risk Control—Based on the Perspective of Commercial Banks." Financial Forum 9, no. 4 (January 28, 2021): 191. http://dx.doi.org/10.18282/ff.v9i4.1533.
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<p>China’s economic policy system has been greatly adjusted up till the present moment. The scale of small and medium-sized enterprises mortgage lending is limited, but the demand for funds is increasing, and the need for core enterprises to grow and develop is increasing, supply chain finance effectively solved the needs of the above enterprises. Supply chain finance promotes the development of trade and commerce business, reduces financing risk, become a new business of commercial banks. Compared to traditional banking business, it reduces certain credit risk and improves the utility of funds, but China’s supply chain financial system is not perfect enough, with a certain degree of system operation risk. Focus on the analysis of supply chain finance status quo, analyze China’s supply chain development status and prospects, assess and analyze the risk, and do a good job of risk prevention and control. As an important part of the supply chain, commercial banks are necessary to pay attention to various risk points to the supply chain of the financing subject. Avoiding and reducing the risk of supply chain finance business are the top priority issues required to be solved for commercial banks.</p>
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Loku, Afrim, and Nadire Loku. "Internal factors affecting the performance of small and medium enterprises in Kosovo." Technium Social Sciences Journal 11 (August 10, 2020): 115–27. http://dx.doi.org/10.47577/tssj.v11i1.1376.
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This study aims to provide an understanding of the importance of the SME sector in the socio-economic development of Kosovo and examine in particular the influence of internal factors on them. A cross-sectional survey was conducted with Kosovo SMEs through an anonymous online questionnaire. This study confirms that all internal factors - managerial skills and competencies, business experience, access to finance and technological capabilities, depending on a period, have a significant impact on the performance of SMEs. While access to finance is considered as a major challenge, technology is considered to help improve business performance. However, results revealed that poor managerial skills and competencies, despite having a significant impact on the performance of SMEs, they were also related to access in finance and technological skills, making it difficult to run a business. Training and empowerment of SME managers in key business areas can be an opportunity to improve business performance.
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Sun, Rui, Dayi He, and Huilin Su. "Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks." Journal of Theoretical and Applied Electronic Commerce Research 16, no. 7 (October 21, 2021): 2824–42. http://dx.doi.org/10.3390/jtaer16070155.
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Because of the risks existing in supply chain finance, taking accounts receivable factoring business as the research object, this paper uses the evolutionary game method to analyzes the factors affecting the decision-making of the participants in supply chain finance, constructs an evolutionary game model between small and medium-sized enterprises and financial institutions, and analyzes the mechanism of blockchain to solve the financial risks of the supply chain by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technology. This paper aims to reduce financing risks by analyzing the mechanism of blockchain technology in supply chain finance. It is found that, firstly, blockchain technology can reduce the credit risk of financial institutions and solve financing problem. Credit risk plays a decisive role in whether financial institutions accept financing business decisions. Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions. Secondly, the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times. No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion, they will not choose to default, which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance. Then, the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications, small and medium-sized enterprises abide by the contract, and the convergence effect is better. Therefore, blockchain technology not only reduces the financing risk of financial institutions but also helps to solve the financing problems of small and medium-sized enterprises.
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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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Satta, Tadeo Andrew. "Policy Changes and Bank Finance Availability for Small Enterprises in Tanzania." International Journal of Entrepreneurship and Innovation 7, no. 1 (February 2006): 59–68. http://dx.doi.org/10.5367/000000006775870433.
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This paper examines whether financial-sector policy changes introduced in Tanzania during the last decade have improved bank finance availability to small enterprises. Study findings reveal that, despite these changes, the level of bank finance to small enterprises is still insignificant. Results likewise indicate that, apart from bringing about limited competition in the provision of financial services, these changes have resulted in the concentration of most financial institutions in urban areas and in only a few regions/provinces. This also negatively affects bank finance availability to small enterprises. These findings have several policy implications for the growth of small enterprises in the country. Key among them is the need for a new approach to policy that will improve bank finance availability to small enterprises.
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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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Sharma, Pramodita, and Jess H. Chua. "Asian family enterprises and family business research." Asia Pacific Journal of Management 30, no. 3 (April 11, 2013): 641–56. http://dx.doi.org/10.1007/s10490-013-9350-z.
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Kiconco, Rebecca Isabella, Waliya Gwokyalya, Arthur Sserwanga, and Waswa Balunywa. "Tax compliance behaviour of small business enterprises in Uganda." Journal of Financial Crime 26, no. 4 (October 7, 2019): 1117–32. http://dx.doi.org/10.1108/jfc-03-2018-0031.
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Purpose This study aims to investigate the extent to which the theory of reasoned action (TRA) can be used to explain tax compliance among small business enterprises (SBEs) in Uganda and extends the application and relevance of the theory to a new area of tax compliance. It contributes the TRA, as a predictor of tax compliance in a developing country context. Design/methodology/approach A cross-sectional survey targeting different categories of SBEs was carried out using interviewer-administered questionnaires. A sample of 384 SBEs was used in the study. Findings The TRA contributes critical insights on the tax compliance behaviour of small businesses in developing economies. It influences tax compliance behaviour. The study illustrates evidence about the negative attitudes SBEs have on intentions to comply with tax regulations and the extent to which these attitudes influence their compliance behaviour. Subjective norms positively influence tax compliance intentions in a positive manner. Overall, the appearance of these intentions shows a negative effect on tax compliance behaviour. These findings also imply that Uganda Revenue Authority needs to understand the social psychology of taxpayers and tailor these in their policies and efforts to increase compliance. Research limitations/implications The TRA has been used to explain behaviour in numerous situations in psychology. The study used this theory in a new geographical, economic and administrative environment; Uganda. This theory has proved relevant in explaining psychological, sociological and economic behaviour; specifically tax compliance. The TRA was revised to include a new construct of perceived behavioural control, which turned into the theory of planned behaviour. This could not be studied due to time and logistic constraints. Therefore, there is a need to investigate if this revised theory can explain tax compliance behaviour better. Practical implications The paper suggests that tax administration efforts and policies should consider the social-psychology aspects of the taxpayers to improve tax compliance. Originality/value This study adds a new arena of explaining tax compliance from a theory commonly used in psychology to a new setting in finance.
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Dunn, Barbara. "Success Themes in Scottish Family Enterprises: Philosophies and Practices Through the Generations." Family Business Review 8, no. 1 (March 1995): 17–28. http://dx.doi.org/10.1111/j.1741-6248.1995.00017.x.
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A series of workshops were held in Scotland to help family business managers identify and overcome obstacles to success. Core themes that emerged were family values, responsiveness to change, and family dynamics. The findings suggest that family enterprises have unique developmental characteristics with implications for economic and business development frameworks such as those in Scotland, which do not differentiate family businesses. A model is presented to analyze and categorize family enterprises in order to illustrate the issues facing family enterprises. The model provides insights into the source and effect of family values and family dynamics on the business and fosters business growth and development.
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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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Wei, Tian, and Shuai Li. "The Application of Data Mining in Financial Risk Control." International Journal of Business and Management 1, no. 1 (February 17, 2023): 5. http://dx.doi.org/10.56028/ijbm.1.1.5.2023.
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In recent years, with the continuous development of Chinese financial market, "supply chain finance mode" has expanded a brand new business within Chinese financial market, but "supply chain finance mode" in the process of business management development, there are still some risk factors. Data mining is a new business information processing technology, which is characterized by the extraction, transformation, analysis and other modeling of a large number of business data in the commercial database, and the extraction of key information to assist business decision. This paper mainly analyzes and studies the repayment risk factors in the operation process of dealers, and uses data mining technology to control the risk factors in the operation process of financial enterprises, so as to avoid a series of risk problems in the operation period of financial enterprises.
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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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Lorincová, Silvia, Andrej Miklošík, and Miloš Hitka. "THE ROLE OF CORPORATE CULTURE IN ECONOMIC DEVELOPMENT OF SMALL AND MEDIUM-SIZED ENTERPRISES." Technological and Economic Development of Economy 28, no. 1 (December 2, 2021): 220–38. http://dx.doi.org/10.3846/tede.2021.15983.
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Achieving economic development of the enterprise is enabled by the efficient use of resources, efficient processes and, last but not least, a suitable corporate culture. Under the influence of a dynamically changing business environment, corporate culture is gaining in importance and justification. It needs to be monitored and evaluated together with “hard” business indicators. The research explores the key values that should be applied in corporate culture at the strategic level to support the economic development of small and medium-sized enterprises. The differences between small and medium-sized enterprises operating in the industrial sector in Slovakia are defined. As managers have a direct impact on the creation of corporate culture, their preferences regarding corporate culture are examined, using the methodology of Cameron and Quinn. The results of the research prove the preference for applying key values typical for a clan culture. Following the results, it is recommended managers to focus on supporting a clan culture that develops employees. It is the employees who create and build values, bring new, innovative ideas, and with their abilities and skills influence the performance, competitive advantage, economic development, and success of the entire enterprise as well as economic development of small and medium-sized enterprises.
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Lank, Alden G., and Albert J. Thomassen. "Introducing the Family Business Network." Family Business Review 4, no. 2 (June 1991): 225–30. http://dx.doi.org/10.1111/j.1741-6248.1991.00225.x.
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The Family Business Network (FBN) was founded in Europe in 1990. It is designed to serve the needs of owner-managers, their families, professionals, consultants, academics, and all those with a stake in ensuring the healthy development of family enterprises. This article traces the origins of FBN, describes its first year of operation, and highlights the services it offers to members.
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Baruah, Prasenjit Bujar, and M. P. Bezbaruah. "Financial Access and Business Performance of Urban Unorganised Sector Enterprises: A Study of Assam in Northeast India." Journal of Entrepreneurship 29, no. 1 (February 14, 2020): 119–47. http://dx.doi.org/10.1177/0971355719893502.
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The urban unorganised sector has been a dominant characteristic feature of the developing countries providing livelihood to a disproportionately large number of households for prolonged period. However, enterprises in this sector are often stunted by myriads of problems among which meagre access to formal financial services is a crucial constraint, as access to other enabling conditions often hinges upon access to finance. This article is based on a study of such enterprises in the Northeast Indian state of Assam, where access to finance is relatively limited in general. Using inputs from a customised survey, the article explores the extent to which the accessibility of financial services influences the growth and financial performance of the unorganised sector enterprises in Assam. Tools employed include a customised financial access index, a generalised linear model and an ordered LOGIT regression. The results show that the financial performance of the enterprises is not significantly associated with the extent of their financial access, but their growth is critically dependent on it.
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McCarthy, Scott, Barry Oliver, and Martie-Louise Verreynne. "Bank financing and credit rationing of Australian SMEs." Australian Journal of Management 42, no. 1 (June 22, 2016): 58–85. http://dx.doi.org/10.1177/0312896215587316.
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This paper investigates two aspects of bank financing using a sample of 1,973 Australian small to medium sized enterprises (SMEs). We compare the variables that explain why Australian small to medium sized enterprises seek bank finance with those that underpin bank credit rationing of loan applications. Our analysis highlights that little overlap exists between the two sets of variables. Larger small to medium sized enterprises with growth intentions, business plans, and those in the agriculture industry are significantly more likely to seek finance. In contrast, firms in agriculture that are older, and that have incremental product innovation, 40% or more of export sales, and a male Chief Executive Officer, are less likely to be credit rationed. Importantly, having business plans, whether in large or small firms, does not relate significantly to credit rationing.
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Choi, Eun Jung. "Why Are Products of Social Enterprises Not Purchased Continuously? : A Re-Purchase Model for Social Enterprises." GLOBAL BUSINESS FINANCE REVIEW 26, no. 3 (September 30, 2021): 33–50. http://dx.doi.org/10.17549/gbfr.2021.26.3.33.
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Urumov, T. "Access to Finance for Small-and Medium-Sized Enterprises in Modern Reality." Analysis and Forecasting. IMEMO Journal, no. 3 (2020): 44–50. http://dx.doi.org/10.20542/afij-2020-3-44-50.
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Small-and medium-sized Enterprises (SMEs) in many countries nowadays face financial shortages and challenges in attracting new financial resources. In today’s new reality technologies and innovative business models become crucial for increasing access to financial services and enhancing long-term economic growth. Digital technologies have been actively developing even before the pandemic of COVID-19. However, during the lockdown and the economic crisis caused by the pandemic the development of digital platforms has accelerated. Digital commerce and payments have become much more significant in the first half of 2020. That fact stimulated many SMEs to improve their digital capabilities. The “new” reality motivates the enterprises to use big data analysis and artificial intelligence in decision making process. The modern technologic capabilities are used in two directions. The first direction is the digitalization of organizational aspects of SMEs activities, for instance, transferring business meetings and conferences into online forms. The second one, which is even more important, suggests financial digitalization. This means using digital technologies to attract financial resources for business needs. Financial digitalization requires some specific measures, including improving the existing mechanisms of traditional loan financing through the use of new technologies and big data analysis; stimulating closer interaction between financial institutions and SMEs; drafting appropriate legislation to regulate the digital financial technologies sphere.
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Sholihah, Dienni Ruhjatini, Alnisa Min Fadlillah, and Mira Rahmi. "Micro, Small, and Medium Enterprises (MSMEs) Rebranding." Jurnal Pemberdayaan Masyarakat Madani (JPMM) 6, no. 1 (June 29, 2022): 14–30. http://dx.doi.org/10.21009/jpmm.006.1.02.
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Micro, Small, and Medium Enterprises (MSMEs) have great potential to drive the country's economy, especially in developing countries like Indonesia. However, many views often reveal that MSMEs have low competitiveness. So, they are not considered a sustainable business and are not managed professionally, both in finance, marketing, and human resources. Therefore, currently, MSMEs are labeled as difficult to develop.
This community service aims to change the paradigm of MSMEs through small steps to rebrand our MSME Partners. This activity is performed by providing assistance to the MSME participants that are related to 3 essential aspects: finance, marketing, and human resources. The assistance method in this program is carried out in some steps. The first step is carrying out observation since the location survey was carried out. Then, the implementation is carried out in these methods: lectures of theoretical presentations, assignments, practice trials, and finally, the designing of the rebranding model. With this program, the partners are expected to be able to improve and become MSMEs that are more competitive. They must have a positive image, so they can viewed as a professional business unit and generate significant profits.
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Li, Yuyang, and Wei Li. "The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages." E3S Web of Conferences 253 (2021): 03017. http://dx.doi.org/10.1051/e3sconf/202125303017.
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The business model innovation (BMI) of internet finance enterprises (IFEs), as a revolutionary reconstruction of traditional financial services, would inevitably have significant impact on the formation of the competitive advantage of IFEs. Based on the distinction between exploratory and exploitative BMI, this paper discusses the realization path of the effects of BMI in IFEs on competitive advantage from the perspective of customer equity. We find that customer equity as a key intermediary variables, play a critical role on the relationship between BMI and competitive advantage of IFEs.
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Okręglicka, Małgorzata, and Anna Lemańska-Majdzik. "Business Process Management in the Finance Area of Small- and Medium-Sized Enterprises." Gazdaság és Társadalom 2015, no. 4 (2015): 5–16. http://dx.doi.org/10.21637/gt.2015.4.01.
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Said, Farah. "Access to Finance and Agency: An Overview of the Constraints to Female-Run Enterprises." LAHORE JOURNAL OF ECONOMICS 21, Special Edition (September 1, 2016): 331–49. http://dx.doi.org/10.35536/lje.2016.v21.isp.a14.
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A large proportion of women in Pakistan engage in home-based production rather than wage employment in the public space to generate an income. This article provides an overview of the literature on the role of access to finance and women’s decision-making power (at the household level) on the likelihood of business creation and growth by women. The literature shows that finance has little impact on business and household outcomes; this suggests that other constraints are at play when it comes to women setting up an enterprise or making business decisions. This overview shows how self-control – risk aversion and present biasedness – can inhibit business investment. Household members may also ‘capture’ a woman’s financial resources, including business loans or savings, and put them to unproductive use. Further, social and cultural norms may dictate whether setting up an enterprise is seen as an ‘appropriate’ activity for women. Against the backdrop of several government and private initiatives to promote enterprise, exploring these issues provides us with important insights into how female-run businesses can be encouraged and supported.
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Mutoharoh, Mutoharoh, and Kiryanto Kiryanto. "Access to Sharia Financing for Micro Enterprises: Case Study of Micro Enterprises in Semarang, Indonesia." E-Jurnal Akuntansi 31, no. 5 (May 25, 2021): 1247. http://dx.doi.org/10.24843/eja.2021.v31.i05.p13.
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Islamic banking by its principle is expected to play a dominant role compared to other funding providers to finance micro enterprises, which are the real industrial sector. This study aims to explain the perceptions of micro business actors based on their experience in accessing Islamic financing. This is a descriptive quantitative research that relies on the sample selected using purposive random sampling to obtain respondents who meet the criteria that support the research objectives. Primary data were collected through a structured questionnaire to owners and managers of micro-businesses in the Semarang and surrounding areas. A total of 184 data were obtained and processed with the help of statistical tools that is SPSS 22.0. Therefore, it is concluded that access to Islamic financing in terms of product, requirements, and services variables was quite good based on micro business actors’ view.
Keywords: Access of Financing; Micro Enterprises; Islamic Bank.
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Adelekan, Adedeji Saidi. "Islamic Financing Effects on Small Medium Enterprises Competitiveness." Journal of Islamic Economic and Business Research 1, no. 1 (June 14, 2021): 100–113. http://dx.doi.org/10.18196/jiebr.v1i1.11753.
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Islamic financing has been identified as an alternative to conventional financial services. However, the extent to which the Islamic financing model could drive small and medium enterprises' (SMEs) competitiveness has been a significant concern in the existing literature. Hence, this study investigates the impact of Islamic financing on SMEs' competitiveness.Adopting the survey research design, the study investigated 400 SME owners/managers in the Southern part of Nigeria. The study employed the ordinary least square regression in the analysis of data. The result establishes that Islamic finance is a significant driver of SMEs' competitiveness. The results specifically reveal that Islamic finance is critical in driving product price, customer experience, and quality of products. The practical implication of Islamic finance may reduce its operational cost since it comes at a no-interest rate while giving room for more innovative prices and customer-centric products at competitive prices. SMEs are to leverage on the opportunities provided by Islamic finance for them to adopt sustainable business practices
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Nguyen, Quyen T. K. "Can British multinational enterprises finance economic development in South East Asia?" Multinational Business Review 21, no. 2 (July 12, 2013): 122–47. http://dx.doi.org/10.1108/mbr-03-2013-0014.
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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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Lian, GuoHua. "Research on Credit Algorithm of International Trade Enterprises Based on Blockchain." Mathematical Problems in Engineering 2022 (September 13, 2022): 1–10. http://dx.doi.org/10.1155/2022/4768868.
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Lack of trust, lack of standards, and low efficiency are the three biggest problems in China’s trade financing at present. With the development and application of new generation technologies such as big data, cloud computing, artificial intelligence, and blockchain technology, China is in the stage of financial technology 3.0 under the deep integration of finance and technology. In the field of financial technology, the most concerned is the application of blockchain technology in trade finance business. With the successive construction of various blockchain platforms and the acceleration of the internationalization process, the international trade credit risk behind it is also increasing. Among many financial services, trade finance is the most closely integrated field with blockchain technology. In this context, preventing the risks in the business process of international trade enterprises, so as to reduce the cost of financial transactions, improve the effectiveness of financial services, and better serve the real economy is not only the internal development needs of enterprises, but also the national financial strategy needs. In view of the above problems, this paper analyzes the risk factors faced by multinational trading enterprises in the transaction process through the transaction data of some multinational enterprises on mobile phones, and constructs a credit evaluation system of international trading enterprises based on blockchain, in order to enhance the trade risk resistance ability of international trading companies.
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Durana, Pavol, and Radovan Bacik. "Earnings management: Local or global phenomenon in the Visegrad Four?" SHS Web of Conferences 92 (2021): 02015. http://dx.doi.org/10.1051/shsconf/20219202015.
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Research background: Increasing number of national scientific studies related to business finance shows that the earnings management phenomenon as a legal apparatus of manipulation business profit plays a significant role in financial reports in conditions of Slovak economy. Slovakia belongs to Visegrad Four, group of very historically and developmentally close countries. That is why it is relevant to compare the issue of earnings manipulation it these countries’ context. Purpose of the article: The main purpose of the article is to confirm global approach to manipulation of earnings in the Visegrad Four’s enterprises and justify that managers incline to earnings management systematically in all analysed group not only at a local level in chosen country. Methods: This econometric investigation used the observations of earnings before interest, taxes, depreciation and amortization of 1,058 Slovak enterprises, 688 Czech enterprises, 1,376 Polish enterprises and 731 Hungarian enterprises. It was investigated nine-years period from 2010 to 2018. Non-parametric time series trend modelling was run by Mann-Kendall test and estimation of the slope of the trend by Sen’s method used a linear model. Findings & Value added: The article focused on nine-years development of earnings before interest, taxes, depreciation and amortization in the Visegrad Four’s enterprises. It was found out the systematic trend manipulation in all analysed countries. This fact highlighted that earnings management is not local phenomenon, but its development is globally preferred tool of business finance.
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Lukasiewicz, Mariusz. "Finance, Investment and Decolonisation in Nigeria." Zeitschrift für Unternehmensgeschichte 67, no. 2 (September 8, 2022): 189–217. http://dx.doi.org/10.1515/zug-2022-0016.
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Abstract Given the relative scarcity of capital and the small volume of savings in most African economies at independence, the establishment of stock exchanges and their regulation showed that several countries considered them as strategic financial intermediaries for channelling capital to their national, and even regional, economies. This article examines the Lagos Stock Exchange’s formative years as a political process of Nigeria’s decolonisation and the First Republic. Originally incorporated as a private limited liability company on 15 September 1960, and as the first stock exchange in West Africa and the region’s largest economy, the new financial intermediary defined the relationship between the post-independence state and the growing capital market during a period of considerable political and economic changes. The role of the post-independence state and state-owned enterprises in facilitating the trade on the Lagos Stock Exchange broadens the analytical scope of this investigation to identify the sources of Nigeria’s development finance. While significant efforts were taken to grow private individual participation in the share trade and ownership, the early years of the Lagos Stock Exchange were ultimately marked by the dominance of institutional investors such as state-owned enterprises and private commercial banks.
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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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Vu, Huynh Quoc, Pham Thi Bich Ngoc, and Nguyen Le Hoang Thuy To Quyen. "The Effect of Institutions on Productivity Spillovers from FDI to Domestic Firms: Evidence in Vietnam." GLOBAL BUSINESS FINANCE REVIEW 27, no. 3 (June 30, 2022): 28–40. http://dx.doi.org/10.17549/gbfr.2022.27.3.28.
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Purpose: The purpose of this study is to investigate the impact of formal institutions and their components on productivity spillovers from FDI enterprises to domestic firms’ TFP in developing countries like Vietnam.
Design/methodology/approach: The study, conducted in two steps to explore the relationship, is to estimate the firm's TFP in accordance with the semi-parametric method of Levisohn and Petrin (2003). Regression is in accordance with the equation with panel data and adjusted by Driscoll and Kraay standard errors. An unbalanced panel data, related to more than 61,600 Vietnamese manufacturing firms from 2012 to 2017, is combined with the Provincial Institutional Quality Survey (PAPI index) and IO table.
Findings: The local institutions have a positive impact on promoting learning ability and increasing productivity of domestic firms, especially small and medium enterprises (SMEs) that take better advantage of this effect. Vertical linkages with FDI enterprises assist local firms to increase productivity while horizontal linkages bring in negative effects. Domestic enterprises with high productivity (in the top 25%) receive positive spillover effects from horizontal linkages and vertical linkages and gain positive impacts of the institution on productivity whereas the group of low-productivity enterprises records negative impacts. This research highlights those enterprises operating in the region where institutions have transparency, accountability, participation in comments and effective corruption control can absorb spillovers and improve their productivity as well as the transparency and corruption control are recognized as having a positive impact through horizontal linkages.
Research limitations/implications: With the limitation of research data being conducted only on manufacturing enterprises, there is a lack of data on the impact of service enterprises. The study only stops at understanding the impact of formal institutional effects on productivity spillovers whereas informal institutional effects will be studied in the future. Furthermore, the productivity spillovers of FDI enterprises are explored in general besides other FDI forms that will have different productivity spillovers like offshore. From the results of this study, the governments of developing countries should improve their institutions to encourage local enterprises to take the advantage of spillover effects from FDI enterprises as well as pay more attention to regional factors by supplementing development priority policies based on the capacity of each region. Institutional quality at provincial level has a positive impact on productivity spillovers; consequently, it is essential to have policies for further institutional improvement.
Originality/value: This is the first research paper on the impact of the institutional factor at provincial level on firm’s productivity in developing countries like Vietnam. Theoretically, the impact of formal institutions on spillover effects from FDI enterprises is also clarified. In addition, our findings have implications for local economic development policies: vertical linkages promote domestic firms to increase their productivity while horizontal linkages of FDI enterprises in the same industry generate adverse impacts. This paper suggests some feasible solutions for SMEs in developing countries towards their productivity improvement.
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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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Xiang, Dong, Andrew C. Worthington, and Helen Higgs. "Discouraged finance seekers: An analysis of Australian small and medium-sized enterprises." International Small Business Journal: Researching Entrepreneurship 33, no. 7 (January 21, 2014): 689–707. http://dx.doi.org/10.1177/0266242613516138.
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Rono, Lyndah Jemutai, Patricia Chepkwony, and Wilter Rop. "Group Lending Mechanisms and Growth of Women Enterprises Funded by Kenya Women Finance Trust in Kericho County." East African Journal of Business and Economics 5, no. 1 (October 18, 2022): 298–307. http://dx.doi.org/10.37284/eajbe.5.1.896.
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Access to business finance is the backbone of small and medium enterprises’ success. Women have been involved in economic development in both developed and developing countries because of engaging in business activities that create employment and enhance livelihoods. Women in urban and rural obtain credit services through group formation rather than individual because of the challenges they face, such as lack of collateral. However, attaining financial inclusion through group lending has seen many women left out in this process due to the lending models and approaches utilised by these institutions. Previous studies have demonstrated that women may access financial credit from micro-finance institutions through a corresponding growth in women’s enterprises remains unknown. This study, therefore, sought to establish the relationship between group lending mechanisms and the growth of women enterprises funded by Kenya Women Finance Trust in Kericho County. Specifically, the study assessed the relationship between group characteristics and the growth of women’s enterprises funded by Kenya women’s finance trust. The study adopted a correlation research design with a target population is 636 members from 70 women enterprises in Kericho County. A sample of 245 women was selected using a stratified sampling technique. A questionnaire was used to collect primary data. Validity was determined through piloting, where the researcher compared the actual outcome against predicted responses. Reliability was determined using Cronbach’s alpha to examine the reliability, where a coefficient value of 0.895 was found and thus deemed reliable. Collected data was coded into a statistical package for social statistics version 23 and analysed through descriptive statistics and inferential statistical analysis. Data were presented as frequency tables, pie charts, and graphs. The study established that group characteristics had a significant effect on the financial growth of women enterprises funded by Kenya Women Finance Trust in Kericho County. The study concluded that group mechanisms through group characteristics had a significant effect on the growth of women. Therefore, the study recommended that the government should increase the amount of grants and loans offered to various business groups to improve access to credit to the group as well as encourage group loans in Micro-Finances Institutions
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Ibrahim, Mahdani, Jumadil Saputra, Muhammad Adam, and Mukhlis Yunus. "The Moderating Role of Financial Accessibility in Relationship between Resource Competence, Entrepreneurial Leadership, Good Governance and Performance of Micro Small Medium Enterprises in Batam, Indonesia." WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS 19 (January 7, 2022): 86–93. http://dx.doi.org/10.37394/23207.2022.19.9.
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The purpose of this study is to determine the relationship of resource competence, entrepreneurial leadership and good governance towards business performance and examine the moderating role of financial accessibility to the business performance of Micro Small Medium Enterprises (MSMEs). This quantitative research involved 155 professional business women community (MSMEs), Batam, Riau, Indonesia. The data collected through a survey questionnaire with a non-probability sampling technique. The data analysed by using the structural equation modelling – partial least square (SEM-PLS). This study showed that resource competence, entrepreneurial leadership, and good governance have a significant positive relationship with Micro Small Medium Enterprises (MSMEs). Also, financial accessibility moderates the relationship between entrepreneurial leadership and performance. In conclusion, this study has successfully identified the determinant factors that affect the business performance and moderating role of financial accessibility on business performance for Micro Small Medium Enterprises (MSMEs).
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Naruc, Wojciech. "Determinants of Conducting Business by Polish Enterprises in Senegal." EUROPEAN RESEARCH STUDIES JOURNAL XXIV, Issue 4 (November 1, 2021): 262–72. http://dx.doi.org/10.35808/ersj/2576.
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