Academic literature on the topic 'Capital investment processes of SMEs'
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Journal articles on the topic "Capital investment processes of SMEs"
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Nugraheni, Ninis. "Crowdfunding-Based Fiduciary Warrant in Providing Capital Loans for Small and Medium Enterprises." Hasanuddin Law Review 6, no. 3 (December 8, 2020): 224. http://dx.doi.org/10.20956/halrev.v6i3.2201.
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Small and Medium Enterprises (SMEs) are organized through people's creativity in developing human and natural resources. However, investment challenges often affect their implementation and production processes, necessitating solutions, such as capital loans from banks and other entities. Crowdfunding is an online loaning service that provides easily accessible loans to SME startups, though a warrant to protect creditors from losing money to ingenuine people is necessary. Therefore, this study examines the appropriateness of a fiduciary warrant as a SMEs collateral object. When fiduciary is used as a loan warrant, debtors are allowed to use collateral objects in their production processes. To make a fiduciary warrant effective, legal protection is required. This study used juridical-normative that relied on legal norms in legislation and court verdicts dealing with societal organizational issues. The results showed that crowdfunding-based credit is an alternative with more straightforward procedures compared to conventional entities.
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Sah, Genesis Gyasi, and Judit Füredi-Fülöp. "The Effects of Proper Inventory Management on the Profitability of SMEs." Technium Social Sciences Journal 32 (June 9, 2022): 340–51. http://dx.doi.org/10.47577/tssj.v32i1.6634.
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A business must have or be able to generate enough cash and cash equivalent to meet its short-term liabilities if it is to continue and grow in business. Therefore, working capital management which helps an entity to, efficiently and effectively control current assets and liabilities is a key factor in the company’s long-term success; without working capital, the non- current assets will not function. The greater the extent to which current assets exceed current liability, the more solvent or liquid a company is likely to be. This paper observes the relationship between working capital management practices of small and medium enterprises (SMEs) and the performance and profitability of these businesses in the Kumasi Metropolis , to evaluate inflows and outflows of inventory to determine the rate at which certain goods are purchased in relation to others. This practice will also help ascertain seasons and times during which certain products experience higher demand and vice versa. This will reduce their over and/or under investment in inventories. The implication of the findings is that the government of Ghana should pursue policies aimed at encouraging training and improving the managerial skills of SME owner/managers as well as creating the enabling environment for the development of improved modern technologies to transform the business processes of these vital industries.
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Aziz, Zarith Delaila Abd, Norashikin Hussein, and Nor Azian Abdul Rahman. "The Influence of Entrepreneurial Ecosystem on SMEs Industry in Malaysia." Advances in Social Sciences Research Journal 9, no. 10 (October 28, 2022): 348–56. http://dx.doi.org/10.14738/assrj.910.13249.
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The rise of Small Medium Enterprise (SMEs) businesses leads to the dynamic and competitive environment. To excel in the market, companies have spent a substantial amount of money, time and resources by designing right strategies to sustain. However, this SMEs businesses faces few challenges such as small capital investment, short of talent, limited access to infrastructure and support mechanism. Despite the government’s several institutional and policy support for enhancing the capacity of this Small Medium scale enterprises, the results have fallen short of expectations. Given the increased demand for Small Medium Enterprise’s products, creating a viable entrepreneurial ecosystem model for SMEs in Malaysia is critical. This is because the entrepreneurial ecosystem is a system of interrelated components that influence the speed and ability with which entrepreneurs, particularly SMEs can create and scale new ventures in a sustainable manner. As a result, this study seeks (1) to analyse the demographic profile of Malaysian small and medium enterprise and (2), determine the extent at which entrepreneurial ecosystem affect the Small Medium Enterprise in Malaysia. This study is important to investors, the ministry, the government, academics and even business owners because it provides a comprehensive model for understanding the SMEs entrepreneurial processes and how ecosystems emerge, change and influence entrepreneurship activities.
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Torres, Ana Isabel, Silvana Santos Ferraz, and Helena Santos-Rodrigues. "The impact of knowledge management factors in organizational sustainable competitive advantage." Journal of Intellectual Capital 19, no. 2 (March 12, 2018): 453–72. http://dx.doi.org/10.1108/jic-12-2016-0143.
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Purpose The purpose of this paper is to empirically test the relations among different knowledge management (KM) factors, such as human capital (HC), processes and information systems (IS) on organizational sustainable competitive advantage (CA), within the SMEs context. Design/methodology/approach Structured questionnaires were distributed to CEOs and managers of Portuguese organizations through an electronic survey. Partial least squares software was utilized to analyze the data. Findings The measurement model results identify and validate the dimensions of HC, processes and IS representing the KM construct. The structural model results demonstrate that HC and processes have a direct and significant impact on organizational CA, on the customer and financial dimensions, respectively. IS indirectly and significantly influence organizational CA, mediated by HC and processes. Research limitations/implications The sample size includes mostly service business and SMEs. Other organizations sectors, such as industry, should be analyzed in order to develop a comparative cross-sectorial study. Practical implications This study establishes suggestions for managers to make legitimate decisions concerning investments on knowledge assets and organizational capabilities that can foster business growth and sustainable CA within a SMEs context. Originality/value The authors propose a mediation mechanism showing that the relationship between IS and sustainable CA is not direct, but it is mediated by HC and processes. This mechanism points out some critical issues for the strategic knowledge and intellectual capital assets, as a source of organizational CA.
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Makur, Dharmawaty S. "DETERMINAN PENINGKATAN VOLUME PENJUALAN INDUSTRI KECIL MENENGAH OLAHAN PANGAN DI KABUPATEN GORONTALO." JSAP : Journal Syariah and Accounting Public 3, no. 2 (December 4, 2021): 41. http://dx.doi.org/10.31314/jsap.3.2.41-50.2020.
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This study aims to determine the effect partially or simultaneously on the brand image of IKM products, through government capital assistance and zakat routines on increasing sales volume of IKM food processed products in Gorontalo Regency. This research is a quantitative research. The data analysis technique used is multiple regression analysis.The results of this study indicate that (1) Simultaneously the brand image of IKM products, investment through government capital assistance and routine zakat together has a significant effect on increasing sales volume of IKM food processed products in Gorontalo Regency with a determinant value of 47.7%. While the remaining 52.3% can be explained by other variables not examined in the study such as product quality factors, product prices, promotions and location. (2) partially Image has a positive and significant effect on increasing sales volume of IKM food processed products in Gorontalo Regency. Investment through government capital assistance has a positive but not significant effect on increasing the sales volume of IKM processed food products in Gorontalo Regency. Zakat routines have a positive and significant effect on increasing sales volume of processed food products for SMEs in Gorontalo Regency.
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Williams, A., J. Davidson, S. Waterworth, and R. Partington. "Total quality management versus business process re-engineering: A question of degree." Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture 217, no. 1 (January 1, 2003): 1–10. http://dx.doi.org/10.1177/095440540321700101.
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An increasing number of manufacturing organizations are placing direct emphasis on operations improvement as a means of achieving competitive success. Small and medium enterprises (SMEs), however, generally lack the resources in capital, time and expertise to implement business process re-engineering (BPR), as has been advocated by a number of authors. This paper presents a comparative analysis of continuous improvement (CI) versus BPR approaches to operational change. Change implies risk, and SMEs naturally require a means for establishing levels of uncertainty and net return. Equally, the performance measures adopted by these two (respectively, bottom-up and top-down) approaches differ significantly and normally defy direct comparison. A dynamic systems simulation is developed from a case study within the plastics industry and is used to evaluate the implementation of either varying levels of improvement or natural processes in the case of BPR. Although it is an industry-specific model, the approach raises several implications. Of specific interest is the trade-off between performance improvement and cost, time frame and risk. Attention is also focused on evaluation of the threshold at which the two philosophies overlap and the point at which companies may make the transition between the two philosophies. The paper goes on to evaluate the decrease in the return of investment (ROI), as improvements impinge on other stages within the process, creating up- and downstream bottlenecks. It also evaluates the level of a single ‘natural process’, as a means of costing BPR implementation. The paper concludes with the definition of ROI curves, which are intended to inform SMEs in the selection of appropriate improvement strategies.
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Khusna, Izzah, and Wido Prananing Tyas. "Tipologi Home-based Enterprises di Sentra Industri Makanan Olahan Bandeng Kota Semarang Berdasarkan Tiga Modal Sustainable Livelihood." Teknik PWK (Perencanaan Wilayah Kota) 11, no. 2 (June 3, 2022): 112–25. http://dx.doi.org/10.14710/tpwk.2022.29846.
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The Center for Milkfish Processed Food Industry are scattered in several areas, three of which are located in Semarang Barat, Gayamsari, and Semarang Utara districts which has the largest milkfish production and investment value in Semarang City. Inside, there are Home-based Enterprises (HBE) for milkfish processing with various characteristics. There are 3 main points indicated that the existence of HBE for milkfish processing is a potential that can be developed, including SMEs, culinary tourism, and thematic villages. To develop that, it is necessary to identify the character of each HBE unit in the three districts. This study aims to identify the typology of HBE at the Center for Milkfish Processed Food Industry in Semarang City to identify the characters and prerequisites for the development of HBE types by using 3 sustainable livelihood asets as the determinant of research variables. The results showed that there were 3 types of HBE which formed by 51 units. Small HBEs is a group that tends to have lower capabilities in natural, human, and financial capital than other types. Middle profile HBEs is a group identified with abilities in a higher educational background and broader marketing. High profile HBEs is a group with higher capabilities in natural, human and financial capital than other types, so that it is possible to have a more stable and sustainable livelihood.
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Huda, Nurul, Aris Munandar, and Syamsinirwani Syamsinirwani. "The Effect of Entrepreneurship Competency and Adaptability of Business Environment to Financial Performance of Small an Medium Business Units in Bima City." JURNAL TERAPAN MANAJEMEN DAN BISNIS 4, no. 2 (September 1, 2018): 131. http://dx.doi.org/10.26737/jtmb.v4i2.831.
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The number of SMEs and the absorption of large manpower does not contribute greatly to the value of production and investment in the agro-industry sector and non-agro industry sector is a reflection of most SMEs in Bima city. This problem occurs because there are so many considerations of it, one of them is lack of competence of SMEs business sector, the limitations in the ability to adapt with the environment changes including market of innovation, access to information and financing, the difficulty in the procurement of capital and cheap, the limitations in innovation, technology changing that will affect all business performance of SMEs. The higher social competence (interaction, social relations, and social adaptation) owned by entrepreneurs, the greater financial success that entrepreneurs will achieve and improve business performance. The research method used is explanatory research by using a survey sampling approach. Conventionally, explanatory research is used to explain the relationship between variables through hypothesis testing. Then, the questionnaires will be distributed 156 SMEs in Bima city where the questionnaire have tested the validity and reliability then processed by using SPSS so that the accuracy of analytical tools can be reliable. The long-term goal to be achieved is increasing the competitive advantage and performance of SMEs throughout Bima city. The specific targets of this research are the enhancement of competitive advantage and performance of SMEs in Bima city with the entrepreneurial competence that is able to build business network and assimilate to external environment changes that encourage the efficient use of resources, improving the ability to build business networks, multiple sources of economic growth, create employment, networking in collaboration with business partners and enhancement of competitiveness, a better service for clients and customers are need to be improved where they are not dependent on imported products that undermine the society economic tenacity, the ability to express themselves in constructing social relationship. The results of the t-test statistic for the obtained variable are t-count of 5.964 with a t-table value of 1.645 (5.964 ˃ 1.661) with a significance value of 0.000 less than 0.05 (0.000 < 0.05), the hypothesis that "Entrepreneurship competency influences SME financial performance in Bima City”. The results of the t-test statistic for the obtained variable are t-count of 0.373 with a t-table value of 1.645 (0.373 < 1.645) with a significance value of 0.710 greater than 0.05 (0.710 ˃ 0.05), hence the hypothesis that "Environmental Adaptability Business influences the financial performance of SMEs in Bima city.
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Vnukova, Nataliya. "Activation of expansion of access to means of financing implementation of innovative projects of small and medium enterprises." Law and innovations, no. 2 (30) (June 2, 2020): 17–23. http://dx.doi.org/10.37772/2518-1718-2020-2(30)-2.
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Problem setting. A small and medium-sized enterprise (SME), which must be flexible and generate demand for its own innovative products, transforms knowledge into innovative capital. Under these conditions, all areas of intensification of financing of innovative entrepreneurship become especially relevant. In 2020, the Strategy for the Development of Small and Medium-Sized Enterprises in Ukraine expires, so the task is to develop new strategic directions for change, preferably on an innovative basis. The main obstacle to starting a business is the low level of access to finance. The issue of intensifying the financial support of innovative entrepreneurship is relevant due to the shortage of own financial resources of economic entities and the difficulty of attracting investment, the need to reduce the cost of lending. Analysis of resent researches and publications. Zyanko V.V., Pochtovyuk A.B., Pukala R., Volkova N.I., Sviridova K.D. were engaged in problems of financial maintenance of innovative activity of the enterprises, problems of crediting of small and average business in Ukraine. Issues of innovative activity of business are unique in conclusion that the most important obstacle is the problem of unavailability of funds to advance the innovation process at all stages, sources of funding for SMEs studied Kuzmenko A. Yu., Svistun L.A. Target of research. Development of theoretical provisions and practical recommendations for determining the means of enhancing access to finance for SMEs in an innovative society. Article’s main body. The current changes in intensifying the expansion of access to finance in entrepreneurship through the development of lending with state support, the stimulation of the regulator of financial institutions to finance innovative entrepreneurship are considered. An innovative approach to the use of automated DSS Decision Making Helper is presented to assess the level of activation of the expansion of access to funding for the implementation of innovative projects for SMEs. Conclusions and prospects for the development. The economic crisis and significant growth of Fintech services in finance will increase the search for innovative means of financing the innovative development of SMEs, including loans with state support, factoring, financial leasing, venture financing, etc. It is necessary to improve the strategic goals of financial support of innovative entrepreneurship. The use of modern software tools is recommended to be widely used as a direct way to intensify all processes, in particular, to decide on the choice of means of financing the implementation of innovative SME projects.
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Abanis, Turyahebwa, Byamukama Eliab Mpora, Arthur Sunday, and Marus Eton. "Capital Structure, Investment Decision and Financial Performance of SMEs in Uganda." International Journal of Scientific Research and Management 10, no. 07 (July 14, 2022): 3679–88. http://dx.doi.org/10.18535/ijsrm/v10i7.em03.
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The paper explored the relationship between capital structure, investment decision and financial performance of SMEs in Uganda a case of Central Uganda. The study adopted a descriptive, cross-sectional and correlational design. The sample size was 226 SMEs in Central Uganda. The findings point to a moderate significant positive relationship between capital structure, investment decision and financial performance of SMEs. Capital structure and financial performance of SMEs (r = 0.642, P-value = 0.000), investment decision and financial performance of SMEs (r = 0.488, P-value = 0.000). From the results, we confirm that capital structure, investment decision, predict up to 66.2% of the change in financial performance of Small and Medium Enterprises in Central Uganda. The results show good model fits and fig.2 defines the model of capital structure and investment decisions on financial performance of SMEs in Uganda and is encompassed of 4 proportions of capital structure in terms of Equity, Long term Debt, Short term debt as well as investment decisions and their predictive power on financial performance of SMEs in Uganda. Figure 2 and table 1 and 2 clearly indicate that capital structure and investment decisions are significantly associated with return on assets (ROA) which in turn leads to improved financial performance. The study recommends an appropriate mix of capital structure coupled with premeditated investment decisions so as to have improved financial performance of SMEs in Uganda. The current study underwrites to academic research by providing empirical proof to support theories pertinent to the elucidation of financial performance. The study was anchored on Pecking Order theory together with Modigliani&Miller theory and the results depict the behaviours that managers have while making decisions concerning capital structure and investment decisions. With such, the precursors of capital structure, investment decisions on financial performance of SMEs in Uganda and other related developing countries has been revealed.
Dissertations / Theses on the topic "Capital investment processes of SMEs"
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Vega, Paul. "Venture capital in China : investment processes and decision-making /." [S.l. : s.n.], 2004. http://swbplus.bsz-bw.de/bsz114353042inh.htm.
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Yang, Mirng Bih. "A financial system for capital investment decisions in a manufacturing environment." Diss., Georgia Institute of Technology, 1992. http://hdl.handle.net/1853/24940.
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V, Sakhno A. "Investment support of reproduction processes in Ukraine: problems and prospects." Master's thesis, Sumy State University, 2020. https://essuir.sumdu.edu.ua/handle/123456789/81812.
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У роботі проведені теоретичні дослідження функціонування суспільного відтворення та його місце у забезпеченні економічного зростання. Проведено аналіз впливу структури ВВП як основного показника економічного зростання на можливості фінансування відтворювальних процесів. Проаналізовано основні показники та пропорції інвестиційного процесу на макрорівні. Проведено структурний аналіз джерел фінансування відтворювальних процесів. Досліджено основні показники, що формують інвестиційний клімат держави та впливають на можливість залучення іноземного капіталу. Досліджено сучасний стан ринку банківського кредитування в контексті оцінки можливостей активізації інвестицій у відтворювальні процеси.The relevance of the study is based on the awareness of the crucial importance of investment support for reproduction processes as a basis for economic growth The purpose of the master's work is on the basis of studying the theoretical foundations and issues of the current state of reproduction processes to find out the reserves and provide recommendations for improving their funding. The object of study - economic relations that arise in the process of continuous social reproduction in part of providing its investment support. The subject of research - reproductive processes in the national economy. Research methods used in the preparation of the work: abstract-logical, analysis, synthesis, comparative, generalization, classification, deduction, graphical visualization. The structure of the work. Master's thesis consists of an introduction, three chapters, conclusions, list of references. The introduction proves the relevance of the research topic, defines the object, subject and purpose and objectives of the study. The first section provides theoretical research and generalization of the functioning of social reproduction and its place in ensuring economic growth. The analysis of the influence of the structure of GDP, as the main indicator of economic growth, on the possibilities of financing the reproduction processes is carried out. The second section is devoted to the practical aspects of the investment process at the macro level, analyzes its main indicators and proportions. The structural analysis of sources of financing of reproduction processes is carried out. The third section examines the main indicators that shape the investment climate of the state and affect the possibility of attracting foreign capital. The current state of the bank lending market in the context of assessing the possibilities of intensifying investment in reproduction processes has been studied.
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Pryce, Patricia. "Banking on a level playing field : the role of social capital in the promotion process to MD in a major investment bank : is it different for women?" Thesis, Cranfield University, 2013. http://dspace.lib.cranfield.ac.uk/handle/1826/8271.
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This thesis analyses individual experiences of the promotion process to Managing Director within a global bank to identify the contribution made by social capital. Using Nahapiet and Ghoshal’s (1998) three-dimension framework as the theoretical lens, the thesis extends social capital research beyond its largely quantitative focus on network analysis (structural dimension) to understand more clearly the relative importance and impact of the relational and cognitive dimensions. Semi-structured interviews were conducted with 34 men and women in an investment bank and a template-based analysis of their accounts was made. The findings make visible, the invisible mechanisms which enable or constrain the creation, development and use of social capital and, therefore, its contribution to securing the position of Managing Director. The findings highlight the need to consider the importance of agency, relationship level and gender in this context.
The study makes three key contributions. First, it extends Nahapiet and Ghoshal’s (1998) theory of social capital, in the context of career progression, by demonstrating how each social capital dimension is operationalized and interdependent. Second, the research explicitly demonstrates the crucial role social capital plays in an executive-level promotion process, thereby revealing a complex and multi-layered system. Third, the study extends our knowledge of the gendered nature of senior-level career progression by identifying the particular barriers women face, compared to men, in their efficacious use of social capital for promotion in a global bank.
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Meisner, Jesper, and Lövqvist Oscar Revhult. "Kapitalbudgetering under risk : En studie av svenska SME-företag." Thesis, Högskolan Kristianstad, Sektionen för hälsa och samhälle, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-16889.
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The purpose of this study is to explain how investment-specific and firm-specific risk affects small and medium sized enterprises’ (SMEs) choice of capital budgeting technique for strategic investments.Furthermore, this study also aims to identify which of these risks affects the choice of capital budgeting technique to the greatest extent. This study assumes a positivistic perspective and adopts a deductive reasoning. The theoretical framework consists of the expected utility theory, the stakeholder theory and existing research of risk and capital budgeting. The research method has been quantitative and data have been collected through a survey. The results indicates that both investment-specific and firm-specific risk has a significant impact on SMEs’ choice of capital budgeting technique for strategic investments. The results also indicates that SMEs under high levels of risk choose unsophisticated capital budgeting techniques. Furthermore, the findings shows that investment specific risk has a greater impact on SMEs’ choice of technique than firm-specific risk. Since this study examines investment-specific and firm-specific risk simultaneously, it differs from previous research. Previous research have examined each risk independently and therefore drawn individual conclusions for each individual risk’s impact on the choice of capital budgeting technique. This study also differs from previous research since the firm-specific risk is based on firm’s debt structure rather than the firm’s capital structure. Through this, the study contributes to existing research by explaining, previously neglected, underlying factors to SMEs’ choice of capital budgeting technique.Studien syftar till att förklara hur investeringsspecifik och företagsspecifik risk påverkar små och medelstora företags (SME-företag) val av kapitalbudgeteringsteknik vid strategiska investeringar, samt kartlägga vilken av dessa risker som påverkar valet i störst utsträckning. Studien utgår från den positivistiska forskningsfilosofin tillsammans med en deduktiv forskningsansats där teorin om förväntad nytta och intressentteorin tillsammans med tidigare forskning om risk och kapitalbudgetering utgjort den teoretiska referensramen. Studiens forskningsmetod har varit kvantitativ där data insamlats genom en enkätundersökning. Efter genomförda analyser av den insamlade datan framgår det att investeringsspecifik och företagsspecifik risk har en signifikant påvisbar påverkan på SME-företags val av kapitalbudgeteringsteknik vid strategiska investeringar. Studiens hypoteser om att hög investeringsspecifik samt hög företagsspecifik risk leder till ökad användning av osofistikerade tekniker har genom resultatet visat sig stämma. Av resultatet framgår även att investeringsspecifik risk har större påverkan än företagsspecifik risk på valet av teknik. Denna studie skiljer sig från tidigare forskning då både investeringsspecifik och företagsspecifik risk undersökts samtidigt. Tidigare forskning har undersökt varje risk individuellt och har således dragit individuella slutsatser för varje enskild risks påverkan på SME-företags val av kapitalbudgeteringsteknik. Likaså skiljer sig studien från tidigare forskning genom att den företagsspecifika risken utgjorts av företagens skuldstruktur snarare än företagens kapitalstruktur. Studien bidrar genom detta till att förklara bakomliggande faktorer till valet av kapitalbudgeteringsteknik som av tidigare forskning försummats.
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Löfkvist, Rebecca, and Sara Sjöstedt. "Strategisk investeringsanalys : en jämförelse mellan yngre och mognare SME-företag." Thesis, Högskolan Kristianstad, Sektionen för hälsa och samhälle, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-12405.
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Syftet med uppsatsen är att analysera hur de specifika variablerna samverkar i investeringsanalysen bakom strategiska investeringar vid beslutsfattandet. Studien är inriktad mot den dominerande företagssektorn små och medelstora företag, vidare görs en jämförelse mellan yngre och mognare företag. För att analysera detta har en kvantitativ datainsamlingsmetod använts i form av en enkätundersökning. Forskningsfilosofin som är applicerad är deduktiv, för att på så sätt kunna dra generaliseringar i slutsatserna utifrån den empiriska analysen och fullfölja studiens syfte. Studien är baserad utifrån beslutsteori där hantering av risk och osäkerhet har en central roll. Inom området för beslutsfaktorer tillämpas även den situationsanpassade teorin. Intressentteorin och den neoklassiska ekonomiska teorin har även använts som bas.Resultatet uppvisar att det finns ett flertal samband mellan de specifika variablerna, SME-företagens livscykelstadier och investeringsanalysen. Vidare har markanta skillnader identifierats vid investeringsanalysen mellan de yngre och mognare företagen. I analysen illustreras detta med hjälp av statistiska analystabeller.Denna studie skiljer sig från tidigare forskning i ett flertal aspekter. Studien har identifierat ett gap mellan de praktiska tillämpningarna och teorin. Dessutom har studien ett extra brett omfång gentemot tidigare forskning. För att utöver detta även skapa en djupare insikt över företagets attityder och tillämpning av diverse metoder har undersökningen även jämfört yngre och mognare företags förhållningsätt i investeringsanalysen. Denna uppsats kan vara av värde för landets välfärd genom att öka förståelsen för SME-företagens förhållande i samband med strategiska investeringar.The purpose of this paper is to analyse how specific variables interact the investment analysis behind the investments, in the decision-making process. This study is focused on small and medium sized enterprises where a comparison will be made between young and mature enterprises. To examine this, a quantitative data collection method has been adopted, with the use of a questionnaire survey. A deductive research philosophy has been applied for this study in order to draw general conclusions based on the empirical analysis and fulfil the purpose of this study. This study is based on decision theory where the management of risk and uncertainty play a central role. In the area of decision factors the contingency-theory is also applied. The stakeholder theory and the neoclassical economic theory have also been used as a base.The findings show that there are numerous links between the specific variables, SME business lifecycle stages and the investment analysis. Furthermore, clear differences have been identified in the investment analysis between the young and the more mature enterprises. The analysis is illustrated by means of statistical analysis tables.This research differs from previous studies in several aspects. The study has identified a gap between the practical applications and theory. Moreover, the study has an extra wide range over previous research. To go beyond and create a deeper understanding of the enterprises attitude and application of various methods in their continuous development, the study also compared younger and more mature enterprises approaches to the investment analysis. This paper can be useful for the country's welfare by increasing the understanding of SMEs relationship in the context of strategic investments.
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CHENG, YUNG-CHUN, and 鄭永鈞. "Human Capital Investment from Talent Cultivation-Take Taiwan SMEs for example." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/a5z75x.
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碩士世新大學
傳播管理學研究所(含碩專班)
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Human capital" is the primary factor in creating corporate value. It is related to the country's overall competitiveness, and the cultivation of talents is the basis for the upgrading and development of various industries. For a long time, our government has paid attention to the development of human capital in enterprises and it is To increase the willingness of companies to invest in human capital, they have provided active and effective support measures in recent years. Through the implementation of the education and training subsidy program, they have strengthened the training of industrial talents and driven the overall business growth of the company. At present, the number of SMEs in Taiwan is about 1.40 million, accounting for 97.7% of all entrepreneurs. The employment of SMEs is 8.81 million, accounting for 78.19% of the total employment in the country. Therefore, SMEs attach more importance to the in-service education and training of workers. With the cultivation of talents, the stability of the labor force affected by the traction has become more critical and important. In general, the effectiveness of the exegesis is assessed as (1) whether the purpose of the exegesis program is to be assessed. (2) To judge whether the exegesis has completed the set goal. (3) In the process of training, who benefits most and who benefits least. (4) Whether the training program improves the individual work performance of the trainee and improves the overall performance of the organization. (5) Whether the overall training plan has value to the organization's operational activities. Whether or not the training results are shown clearly depends on whether the employers of small and medium-sized enterprises are willing to continue to promote the cultivation of talents, in order to understand more about the introduction of SMEs' training and training, and the degree of recognition, influence, and career of the trainees after their training. The unit operating performance difference is hereby studied.
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Keys, Vernon C. "Capital investment appraisal in a process environment." Thesis, 2012. http://hdl.handle.net/10210/6215.
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M.Ing.As the manufacturing environment evolved over the past century, the nature of investments in manufacturing capabilities changed dramatically. Automation can be seen as the single biggest driver of this evolution; enabling the manufacturing fraternity to develop smarter technology in order to exploit the opportunities that were created by the volatility that exist in most markets. This lead to the development of flexible manufacturing technology. Constructing a definition of manufacturing flexibility is difficult mainly due to the various views and perspectives that exist of flexibility. In short, flexibility can be defined as the ability to react ( to any change ) with little penalty in time, effort, cost or performance. These technologies that enable a manufacturing system to be flexible in a certain manner are generally difficult to justify in terms of traditional financial yardsticks. This can be contributed to the diverse benefits to be gained from these investments; and often these benefits are of a nonfinancial nature. Furthermore, when reviewing investments in flexible manufacturing technology within a process environment there appears to be an even bigger problem. The relatively fixed nature of the design output of process equipment, and the enormous quantities of capital outlay initially required to erect and commission process plants, often makes it near impossible to justify any investment that does not deliver good financial returns within the short term. Thus it becomes clear that the traditional methods of investment appraisal within the process environment have become generally unsuitable; and this call for a re-evaluation of the processes applied to guide value adding investments. This study set out to deliver a logical approach to appraising investments in manufacturing flexibility by defining a framework to be applied. The proposed framework consists of the following 4 primary steps. Firstly the strategic direction followed by the business is defined; then an analysing of the manufacturing flexibility required is performed. The third step is to evaluate the manufacturing technology available and furthermore a suitable performance measured criteria is defined to evaluate the proposed investment. This model is set within the strategic context of the manufacturing strategy of a business and thus should ensure the development of manufacturing capabilities that will ensure business growth over the medium to long term.
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Waked, Bandar. "Access to Finance by Saudi SMEs: Constraints and the Impact on their Performance." Thesis, 2016. https://vuir.vu.edu.au/32466/.
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Access to finance is one of the biggest obstacles facing the development of small and medium enterprises (SMEs) all over the world. The literature shows that growth and development of the SME sector is strongly linked with sustainable access to financial resources. Although a few studies have attempted to examine this relationship in Saudi Arabia, there remain knowledge gaps with respect to the relationship between the development of SME and obtaining funds from financial institutions. In order to fill this gap, this study aims to assess factors that affect access to finance from Saudi banks by SMEs in Saudi Arabia and to identify the obstacles that affect Saudi SME performance.
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Li, Xiaolin. "The role of social media in equity-based crowdfunding in China: an empirical analysis based on signalling theory." Thesis, 2022. https://vuir.vu.edu.au/44697/.
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Crowdfunding is an internet-based fund-raising tool. It brings together people who are seeking financial support from individuals or groups to launch new firms with funders who contribute a small amount each to the venture. As disruptive technology is a prevailing feature of the current digital era, crowdfunding has attracted substantial attention from academics, industry, and the public since its emergence. In the academic context, the debate of crowdfunding from scholars is principally revolved around the factors that impact the performance of crowdfunding. In all these identified factors, social capital, human capital, and intellectual capital have been highlighted by many as high value research and been recognized as positive signals to the equity crowdfunding performance in a signalling theory perspective in the relevantly mature western equity crowdfunding market. In addition, scholars have recognized the important role of social media in equity crowdfunding, since this unique online fundraising tool’s characteristic makes social media the only pathway for crowdfunding entrepreneurs, platforms, and investors to communicate with each other.
While the related research is substantial in literature focusing on advanced economies, empirical evidence on the emerging Chinese equity crowdfunding industry is scarce. This study sought to filling in the gap by analyzing the determination of the equity crowdfunding performance in Chinese market, particularly the impacts of determinants on equity crowdfunds’ performance in terms of funding amount, funding speed, funding campaign completion time, and annual yield. The research adopts the theoretical framework developed by Ahlers, Cumming, Guenther, and Schweizer (2015), which consists of Social Capital, Human Capital and Intellectual Capital, to identify and analyse how effective signals are to the attraction of funds through social media in equity crowdfunding. The research question is: Does social media have, if any, impacts on the investors’ decisions in and the performance of crowdfunding projects?
This project takes a quantitative research method, collects data from the leading Chinese equity-based crowdfunding platform ‘Colourful Investing’, and analyses the data employing multiple linear regression models in SPSS. Our sample includes one hundred and fifty-eight projects which have been hand-collected from the platform. The results confirm the signalling effect of equity crowdfunding entrepreneurs business education experience on the equity crowdfunding success, identifying that the promotion activity on social media by equity crowdfunding entrepreneurs and platform has a significant impact on the performance of equity crowdfunds, particularly the speed of equity crowdfunding campaigns and the annual yield rate of the equity crowdfunding campaigns. Besides, this result confirms the equity crowdfunding entrepreneur’s role of being a member of branded chain business on the campaign’s success. This study further compares the current regulations on equity crowdfunding in China and the corresponding laws and regulations in the western world and developed recommendations for policy and legal reforms in the future.
The research findings answered the research question that:
i. the social capital and human capital serve as positive signals in the Chinese equity crowdfunding market.
ii. the promotion activity on social media platforms positively moderates the relationship between startup’s social capital and human capital and funding performance.
iii. intellectual capital is not a statistically significant determinant of the Chinese equity crowdfunding market which is different from that in mature western equity crowdfunding market.
iv. Furthermore, the findings suggest that the immaturity of equity crowdfunding market in China is due to the current ambitious legislation and policy situation. Hereby, policy implications are that the policy makers should pay attention on clarifying the disclosure obligations of financiers, setting reasonable threshold access for entrepreneurs, enhancing project management of the equity crowdfunding platform and the supervision of the platform.
This study establishes empirical evidence of Social Media’s moderating effect on the performance of Equity Crowdfunding in China. The research fills in a gap relates to the absence of empirical research on the social media’s impact on equity-based crowdfunding performance in China. This is one of the first few studies to find that the founders’ experience of working in a branded Chain business improves the crowdfunding performance, which has not been stated by the existing equity crowdfunding discipline research and could be considered as a unique signal of equity crowdfunding performance under the nascent and unregulated Chinese equity crowdfunding industry It provides new insights into understanding the new-emerging equity crowdfunding industry in China in a signalling perspective with statistical evidence based on an empirical model. The study combines the views of both investors’ decision- making behaviour and entrepreneurs’ fundraising techniques which may serve as a basis for future research on the Equity Crowdfunding regulations in China.
Books on the topic "Capital investment processes of SMEs"
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Activity-based investment management. New York, N.Y: Membership Publications Division of the American Management Association, 1989.
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Strategic investment planning with technology choice in manufacturing systems. New York: Garland Pub., 1994.
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Abdel-Kader, Magdy G. Investment decisions in advanced manufacturing technology: A fuzzy set theory approach. Brookfield, VT: Ashgate Pub., 1998.
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Mal'shina, Nataliya, and Andrey Garnov. Culture and creative industry: the control of flow processes. ru: INFRA-M Academic Publishing LLC., 2021. http://dx.doi.org/10.12737/1158704.
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The cultural industry should become attractive for capital investment through the development of project activities, organizational and economic support mechanisms in the form of integrated structures, as well as through the development of mechanisms for its financing: multi-channel cultural financing systems and public-private partnerships that would create prerequisites for the emergence and implementation of new ideas and projects in the field of culture, contributing to its formation as a full-fledged source of state income. As a result of the implementation of this project, original new fundamental theoretical positions and empirical data in the field of the cultural and creative industries were obtained. The research focuses on the analysis of the fundamental foundations of the functioning of the cultural and creative industries, solves the scientific problems of evaluating its effectiveness and justifying the directions of support and financing, develops strategies and mechanisms for the development of the Russian cultural industry in accordance with the specifics and needs of regional economies. For a wide range of readers interested in the development of the cultural industry.
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Barbera, Filippo, Roberto Paladini, and Marco Vedovato. Venice Original E-commerce dell’artigianato artistico e tradizionale veneziano. Venice: Fondazione Università Ca’ Foscari, 2022. http://dx.doi.org/10.30687/978-88-6969-615-2.
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In the last few years, many researchers have highlighted the economic and cultural impact that crafts have on the development of territories, enhancing local identities and traditions. Various researches also point to the close relationship between trade (sometimes called ‘neighbourhood’ trade), crafts and historic centres, in terms of quality of life, and socio-economic and identity development of territories, showing their new centrality to processes of urban development and regeneration and the formation of social capital. It is evident how enterprise contributes to local development through social interactions based on negotiated and open collaborations between microenterprises, community and network. It was well argued how small business (commerce, crafts and neighbourhood stores) has always played an important role as a social garrison in sparsely populated areas, allowing cities and particularly urban centres to become more lively or livable, being able to give or take away quality from the city and the territory, attributing peculiarity, security and specificity to places or trivialising them in a homogenised landscape. Among the services of social utility recognised to the artisan workshop are: the guarantee of services useful to the livability of the place, the garrisoning of territories and the development of social relations, the promotion of local identity and its know-how, and the creation of employment opportunities through modest initial availability of capital. At the same time, the worsening recessionary dynamics that have occurred in the global economy over the past two decades and the disruptive digital transition have exposed such enterprises to increasing difficulties, disruptively accentuating the decline in competitiveness and propensity to innovate of a large proportion of craft SMEs, of which the socioeconomic literature does not see significant adaptations to the changed environment, such as reconfiguring the business model, adopting a totally new strategic plan adapting to the digital transition, generational transition, and adopting innovative organisational or system behaviours. This volume presents the Venice Original E-Commerce case – a project carried out by the Venice Metropolitan CNA thanks to the support of J.P. Morgan, the support of the Venice Rovigo Chamber of Commerce and the sponsorship of the City of Venice and Ca’ Foscari University of Venice – as a reference project intervention to focus on a possible model of intervention to support culturally-valued artisan micro-enterprises, intervening on the process of strategic renewal and the conditions to foster generational turnover, understood as an opportunity to fill the gap on the digitisation of the artisan sector.
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Investment Decisions in Advanced Manufacturing Technology: A Fuzzy Set Theory Approach. Taylor & Francis Group, 2018.
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Peter, Sester. Business and Investment in Brazil. Oxford University Press, 2022. http://dx.doi.org/10.1093/law/9780192848123.001.0001.
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This book provides a thorough analysis of Brazilian business law for investors and their legal advisers, focusing on topics relevant to business transactions and disputes that can arise in the aftermath of the signing or performance of deals. The essence of investment and negotiation processes is risk evaluation and allocation. Examining Brazilian law, the book focuses on the legal risks, which are higher in Brazilian law than elsewhere, particularly in comparison with contract, partnership, and company (LLC) laws governing international business transactions in the US and UK. However, whilst Brazilian contract law remains a risk factor as a result of its over-ambitious and consequently interventionist approach, Brazilian law in the areas of stock corporation, capital market, antitrust, and public procurement are state-of-the-art when compared to the US and leading European laws in Germany, Switzerland, and France. The book is divided into eight chapters: the introduction provides an overview of the economic and legal framework for doing business in Brazil, focusing on features of the Brazilian legal and economic order that are unusual to international practitioners from a comparative perspective. The other seven chapters analyze those fields of substantive law that impact most investments and cross-border transactions in Brazil. The book focuses on the interpretation of statutory law by the Brazilian Superior Court of Justice and regulatory agencies, and also provides insights into the economic and business rationale of some of the legal solutions offered.
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Abdul Majid, Abdul Halim, and Nor Bizura Seth. Lifelong Learning in Developing Knowledge Workers. UUM Press, 2012. http://dx.doi.org/10.32890/9789670474083.
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This monograph discusses the importance of lifelong learning in developing knowledge workers and human capital. Facets of lifelong learning, knowledge workers and human capital are highlighted to provide basic understanding to all readers. The facets of lifelong learning include accessibility to learning, investment for learning, methods and contents of learning, values of learning, direction and guidance in learning and learning opportunities closer to home. Meanwhile, the facets of knowledge worker are problem solving, using intellectual skills, requiring a high level of autonomy, emphasizing on quality of judgment, using unique processes, possessing un-codified knowledge, sourcing between his ears and using knowledge and information to add to deeper knowledge and information. There are several individuals whom we would like to thank for their contributions to this monograph. This monograph has benefited greatly from the inputs, comments and expertise as well as working experience of all contributors. We also would like to thank the School of Business Management, the College of Business, Universiti Utara Malaysia, the Research Innovation and Management Center (RIMC) of Universiti Utara Malaysia and the top leaders of the University for their encouragement and support. Those who have contributed directly or indirectly toward the publication of this monograph also deserve our appreciation.
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Sobczyk, Eugeniusz Jacek. Uciążliwość eksploatacji złóż węgla kamiennego wynikająca z warunków geologicznych i górniczych. Instytut Gospodarki Surowcami Mineralnymi i Energią PAN, 2022. http://dx.doi.org/10.33223/onermin/0222.
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Hard coal mining is characterised by features that pose numerous challenges to its current operations and cause strategic and operational problems in planning its development. The most important of these include the high capital intensity of mining investment projects and the dynamically changing environment in which the sector operates, while the long-term role of the sector is dependent on factors originating at both national and international level. At the same time, the conditions for coal mining are deteriorating, the resources more readily available in active mines are being exhausted, mining depths are increasing, temperature levels in pits are rising, transport routes for staff and materials are getting longer, effective working time is decreasing, natural hazards are increasing, and seams with an increasing content of waste rock are being mined. The mining industry is currently in a very difficult situation, both in technical (mining) and economic terms. It cannot be ignored, however, that the difficult financial situation of Polish mining companies is largely exacerbated by their high operating costs. The cost of obtaining coal and its price are two key elements that determine the level of efficiency of Polish mines. This situation could be improved by streamlining the planning processes. This would involve striving for production planning that is as predictable as possible and, on the other hand, economically efficient. In this respect, it is helpful to plan the production from operating longwalls with full awareness of the complexity of geological and mining conditions and the resulting economic consequences. The constraints on increasing the efficiency of the mining process are due to the technical potential of the mining process, organisational factors and, above all, geological and mining conditions. The main objective of the monograph is to identify relations between geological and mining parameters and the level of longwall mining costs, and their daily output. In view of the above, it was assumed that it was possible to present the relationship between the costs of longwall mining and the daily coal output from a longwall as a function of onerous geological and mining factors. The monograph presents two models of onerous geological and mining conditions, including natural hazards, deposit (seam) parameters, mining (technical) parameters and environmental factors. The models were used to calculate two onerousness indicators, Wue and WUt, which synthetically define the level of impact of onerous geological and mining conditions on the mining process in relation to: —— operating costs at longwall faces – indicator WUe, —— daily longwall mining output – indicator WUt. In the next research step, the analysis of direct relationships of selected geological and mining factors with longwall costs and the mining output level was conducted. For this purpose, two statistical models were built for the following dependent variables: unit operating cost (Model 1) and daily longwall mining output (Model 2). The models served two additional sub-objectives: interpretation of the influence of independent variables on dependent variables and point forecasting. The models were also used for forecasting purposes. Statistical models were built on the basis of historical production results of selected seven Polish mines. On the basis of variability of geological and mining conditions at 120 longwalls, the influence of individual parameters on longwall mining between 2010 and 2019 was determined. The identified relationships made it possible to formulate numerical forecast of unit production cost and daily longwall mining output in relation to the level of expected onerousness. The projection period was assumed to be 2020–2030. On this basis, an opinion was formulated on the forecast of the expected unit production costs and the output of the 259 longwalls planned to be mined at these mines. A procedure scheme was developed using the following methods: 1) Analytic Hierarchy Process (AHP) – mathematical multi-criteria decision-making method, 2) comparative multivariate analysis, 3) regression analysis, 4) Monte Carlo simulation. The utilitarian purpose of the monograph is to provide the research community with the concept of building models that can be used to solve real decision-making problems during longwall planning in hard coal mines. The layout of the monograph, consisting of an introduction, eight main sections and a conclusion, follows the objectives set out above. Section One presents the methodology used to assess the impact of onerous geological and mining conditions on the mining process. Multi-Criteria Decision Analysis (MCDA) is reviewed and basic definitions used in the following part of the paper are introduced. The section includes a description of AHP which was used in the presented analysis. Individual factors resulting from natural hazards, from the geological structure of the deposit (seam), from limitations caused by technical requirements, from the impact of mining on the environment, which affect the mining process, are described exhaustively in Section Two. Sections Three and Four present the construction of two hierarchical models of geological and mining conditions onerousness: the first in the context of extraction costs and the second in relation to daily longwall mining. The procedure for valuing the importance of their components by a group of experts (pairwise comparison of criteria and sub-criteria on the basis of Saaty’s 9-point comparison scale) is presented. The AHP method is very sensitive to even small changes in the value of the comparison matrix. In order to determine the stability of the valuation of both onerousness models, a sensitivity analysis was carried out, which is described in detail in Section Five. Section Six is devoted to the issue of constructing aggregate indices, WUe and WUt, which synthetically measure the impact of onerous geological and mining conditions on the mining process in individual longwalls and allow for a linear ordering of longwalls according to increasing levels of onerousness. Section Seven opens the research part of the work, which analyses the results of the developed models and indicators in individual mines. A detailed analysis is presented of the assessment of the impact of onerous mining conditions on mining costs in selected seams of the analysed mines, and in the case of the impact of onerous mining on daily longwall mining output, the variability of this process in individual fields (lots) of the mines is characterised. Section Eight presents the regression equations for the dependence of the costs and level of extraction on the aggregated onerousness indicators, WUe and WUt. The regression models f(KJC_N) and f(W) developed in this way are used to forecast the unit mining costs and daily output of the designed longwalls in the context of diversified geological and mining conditions. The use of regression models is of great practical importance. It makes it possible to approximate unit costs and daily output for newly designed longwall workings. The use of this knowledge may significantly improve the quality of planning processes and the effectiveness of the mining process.
Book chapters on the topic "Capital investment processes of SMEs"
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Thompson, Richard. "Investment Processes." In Real Venture Capital, 90–95. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230594067_24.
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Vieri, Marco, Daniele Sarri, Stefania Lombardo, Marco Rimediotti, Riccardo Lisci, Valentina De Pascale, Eleonora Salvini, Carolina Perna, and Andrea Pagliai. "Tech innovation systems in agriculture." In Manuali – Scienze Tecnologiche, 4. Florence: Firenze University Press, 2020. http://dx.doi.org/10.36253/978-88-5518-044-3.04.
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The technological models related to farm machinery have had a different evolution in relation to structural and social conditions. Thus we have the American - Western model, capital intensive, with large machines and at the opposite the Asian model, labor intensive, with small and sophisticated machines suitable for small and family farms. Even if, in the large scale machinery, the implementation of new technologies requires less investment in percentage, all farm technical management system may have advantages by the new technology: a) measuring parameters and processes, b) assessing data by informatics models giving information optimization c) availabilit6y of tools to manage the single specific resource. That is Precision Farming.
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Ante, Lennart. "Blockchain-Based Tokens as Financing Instruments." In Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech, 129–41. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4390-0.ch007.
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Blockchain technology represents a technological basis with which existing corporate financing processes can be supplemented. The issuance of digital tokens offers several potential advantages such as tradability, efficiency, automation, and cost benefits compared to traditional financial products. This transformation of financing processes and capital markets can allow small and medium-sized enterprises (SMEs) to access capital markets and at the same time close existing retail investment gaps. In this chapter, the challenges of SME financing are described and blockchain-based financing (initial coin offerings [ICOs] and security token offerings [STOs]) is introduced. The blockchain-based financing mechanisms are compared with conventional forms of financing and potentials and challenges are discussed. In conclusion, it is stated that potential clearly outweighs risk and that the majority of all existing challenges can be tackled through sensible and coordinated regulation.
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Ullah Khan, Rizwan, Munir A. Abbasi, Azlan Amran, and Arshad Fawad. "The Innovative Business Model for Family-Owned Firms in the era of Digital Entrepreneurship: Evidence from Emerging Economy." In Innovation, Research and Development and Capital Evaluation [Working Title]. IntechOpen, 2022. http://dx.doi.org/10.5772/intechopen.102459.
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The current Covid-19 pandemic has been changed the businesses plans. High uncertainty can compel the organization to change the business plan according to the market demand. In the current era of digitalization, organizations are needed to modify the existing business plan and innovate it through technologies. Modifying existing resources according to the market demand is challenging for the organization; employers face many challenges and obstacles. Businesses plan to develop a long-term business model to validate the attractiveness, reduce the avoidable investment of scarce resources, and structure the business process. In the current era of digitalization, businesses, specifically, SMEs cannot compete with the competitors who can adopt digitalization systems. Therefore, the current chapter is trying to find out the challenges faced by SMEs in developing economies during the adoption of the digital business model. In the current chapter, researchers focus on three different kinds of digital technologies that must be part of the business model during the era of digitalization, such as adopting digital technologies (artificial intelligence, Internet of Thing, and virtual reality and to create a new business model following the current era issue, these are the main block to resist of these market uncertainties in a new venture of family firms.
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Šokinjov, Stefan. "DRŽAVNA POMOĆ ZA ISTRAŽIVANjE I RAZVOJ I INOVACIJE ZA KOJU SE PRETPOSTAVLjA DA JE KOMPATIBILNA SA UNUTRAŠNjIM TRŽIŠTEM." In USKLAĐIVANjE pravnog sistema Srbije sa standardima Evropske unije: Knj.9, 567–79. University of Kragujevac, Faculty of Law, 2021. http://dx.doi.org/10.46793/upssix.567s.
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Capital for conducting R&D projects is relatively more expensive than for ordinary investment. That is why public support i.e. state aid is necessary. Preferred type of state aid for research & development and innovation is direct funding in the form of grants. This type of state aid generally belongs to state aids that may be considered to be compatible with the internal market. If a new state aid compatible with the internal market European Commission must find out separately for every notified aid. But if state aid for research & development and innovation is awarded under conditions laid down by Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty, there is a legal presumption that state aid is compatible with the internal market and at the same time it is exempted from the notification requirement. State aid that is considered compatible with the internal market can be given for: research and development projects, research infrastructures, innovation clusters, innovation by SMEs, process and organisational innovation and research and development in the fishery and aquaculture sector.
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"Capital Protection and Preservation Approaches." In Positive Alpha Generation: Designing Sound Investment Processes, 267–78. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781119205937.ch17.
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Lv, Yingdong, and Bernhard K. Meister. "Application of the Kelly Criterion to Ornstein-Uhlenbeck Processes." In The Kelly Capital Growth Investment Criterion, 285–97. WORLD SCIENTIFIC, 2011. http://dx.doi.org/10.1142/9789814293501_0021.
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Beckett-Camarata, Jane. "Capital Management and Budgeting Processes in Albania." In Capital Management and Budgeting in the Public Sector, 157–79. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7329-6.ch008.
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This chapter investigates, analyzes, and compares capital management and budgeting processes in Albania and the implications for road and highway infrastructure investment. It is a case study of Albania's capital management and budgeting processes seen through the framework of the Srithongrung, Yusuf, and Kriz normative model. The analysis and insights derived suggest a mixed picture of the contribution that the current capital management and budgeting processes make on the country's capital investment and its economic growth and development. Albania's capital management and budgeting processes are not consistent with the normative framework as follows: (1) the fragmentation and political involvement in capital improvement planning (CIP), (2) forecasting bias and fragmentation in the forecasting process resulting in misalignment and lack of prioritizing new capital investments, (3) shortcomings in the capital financing strategies stemming from court decisions and weak budgetary controls, (4) centralized execution and project management in monitoring highways maintenance.
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Aymeric, Jung. "Crowdfunding and Slow Money." In Start-Ups and SMEs, 38–47. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1760-4.ch003.
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Investment is always needed for new business or business development, and we are living with the emergence of new kinds of providers. Alongside banks, funds, or capital markets, efficient funding through people is doable on a larger scale than ever before, thanks in part to the Internet. Crowdfunding platforms and Slow Money are part of this bottom-up trend. In this chapter we compare crowdfunding and Slow Money and by analyzing how they attract people, we discuss their similarities and differences to respond to the research questions. The analysis might help identify potential synergies between the two non-conventional models, and heighten crowd-based solutions of fundraising. This article will identify their fundamentals. More importantly, we will investigate the spirit behind direct funding.
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Fink, Kerstin, and Christian Ploder. "Knowledge Management Toolkit for SMEs." In Global Aspects and Cultural Perspectives on Knowledge Management, 49–63. IGI Global, 2011. http://dx.doi.org/10.4018/978-1-60960-555-1.ch004.
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The discipline of knowledge management is no longer emerging in large organizations, but also small and medium-sized enterprises (SMEs) are focusing on finding the right process that will allow them to make advantages of their intellectual capital. Using survey data from 219 small and medium-sized enterprises in Austria and Switzerland, this article illustrates the four key knowledge processes (1) knowledge identification, (2) knowledge acquisition, (3) knowledge distribution, and (4) knowledge preservation for SMEs and also reports the findings of the empirical study designed to allocate cost-efficient software products to each of the four knowledge processes. As a result a knowledge toolkit for SMEs that integrates knowledge processes, methods and software tool for decision support making is given. Finally, the social view of knowledge management to SMEs is discussed, showing that the use of information technology is currently far more important than the integration of a social-cognitive perspective.
Conference papers on the topic "Capital investment processes of SMEs"
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Barattino, William J., Benjamin J. Cross, D. Jeffrey Smith, Wendi Goldsmith, Scott Foster, Michael Holt, and Paul E. Roege. "The Business Case for SMRs on DOD Installations." In ASME 2011 Small Modular Reactors Symposium. ASMEDC, 2011. http://dx.doi.org/10.1115/smr2011-6552.
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U. S. Federal Agencies have been directed to reduce all use of Fossil Fuel Energy in Buildings by 2030. The Department of Defense (DOD) has additional requirements to significantly reduce Greenhouse Gas Emissions and achieve energy independence for military installations over the next few decades. Installations are empowered to reach these ambitious goals with execution of long term contracts with service providers for power and industrial processes as long as their operating expenditures are lower than costs of existing services. This paper will explore the business case conditions for how Small Modular Reactors (SMRs) located on U.S. Army installations by a servicing utility could provide a viable energy alternative to the DOD for meeting these objectives. A systems perspective is critical toward understanding the potential for SMRs to enable pursing the parallel objectives of reducing fossil fuel usage, making installations energy self-sufficient, and reducing greenhouse gas emissions with long term operations at lower costs. The potential for meeting greenhouse gas emission goals will be analyzed in terms of quantifying the reductions in current emissions footprint of installations that would be achieved with shifting to non-carbon prime energy sources such as SMRs. Actual costs for meeting the energy needs of Army military installations in the U.S. will form the basis for defining the life cycle cost profiles to enable the base commanders to justify long term services contracts. As with any commercial power plant, the upfront costs for construction and startup testing, combined with lower system operating costs, will provide the basis for analyzing required economic lengths of contracts. To navigate the bumps of any new nuclear system, SMR power generating plants must be structured as a “Win-Win” proposition from both private and public sector perspectives. For the private investor, the contract must be constructed to allow for recovery of capital and operating costs by private investors with sufficient return on investment to undertake this type of business opportunity. For the government to engage in the deal, the contract must conform to capital lease requirements for federal contracts, but also demonstrate sufficient savings over existing leased utility services to enable execution of the contract by the military base. A systems approach that addresses life cycle costs at this early stage for SMRs will provide critical insight for Megawatt level power generating systems servicing small towns and communities similar in size to a military base. With the economic framework sufficiently defined to enable public sector commitments, program funding may be more forthcoming for completing SMR development, licensing and permitting phases on a prudent but expedited timeframe.
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Maronati, Giovanni, Bojan Petrovic, Jurie J. Van Wyk, Matthew H. Kelley, and Chelsea C. White. "Impact of Testing Activities on Small Modular Reactor Total Capital Investment Cost." In 2016 24th International Conference on Nuclear Engineering. American Society of Mechanical Engineers, 2016. http://dx.doi.org/10.1115/icone24-60675.
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The use Total Capital Investment Cost (TCIC) as a figure of merit to evaluate the design of a Nuclear Power Plant can help lead to more economically competitive designs. TCIC includes costs of equipment, labor, materials and the associated time value of capital. The team developed the software tool EVAL, which is capable of determining TCIC impacts for any nuclear island (NI) of any design. EVAL was first used to estimate the effect of modularization on TCIC in constructing the Westinghouse Small Modular Reactor (SMR). In particular, three different construction cases were identified. In the first case, modules are manufactured in the fabrication facility and assembled into Super Modules (SMs) in the on-site assembly area, while SMs are assembled in the hole to form the NI. The second case differs from the first case in the fabrication process, as modules are manufactured in the on-site assembly area. In the third case, the NI is ‘stick built’; i.e., the modules are assembled in the hole, where all connections are performed and the structures are built. The analysis highlighted the positive impact of off-site modular construction on TCIC. EVAL is based on an open evaluation methodology. In this paper, we present an extension of EVAL that aims to analyze the impact of testing on TCIC. As only few Nuclear Power Plants (NPP) were built in the recent years, testing costs and durations are characterized by a high uncertainty. EVAL was used to evaluate the impact of testing on TCIC, considering a range of realistic data points. Testing costs were expressed as a percentage of total labor costs and TCICs were calculated for the three construction strategies. EVAL was also used to evaluate the impact of modular testing on TCIC. Modularization allows functional testing and system testing activities to be moved from the installation stage to the fabrication and assembly stages, with a subsequent reduction in labor cost and total construction time. TCIC sensitivities were performed on the fraction of testing activities that can be moved from the installation stage. The number of these activities is dependent on both the design and the technologies used during construction. The analysis showed the positive impact of modular testing on TCIC and demonstrated how EVAL can be a tool capable of helping stakeholder decisions.
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Sah, Genesis Gyasi. "Impact of working capital management on the profitability of smes through cash operation cycles in Kumasi." In The Challenges of Analyzing Social and Economic Processes in the 21st Century. Szeged: Szegedi Tudományegyetem Gazdaságtudományi Kar, 2020. http://dx.doi.org/10.14232/casep21c.8.
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A business ought to be able to breed an adequate amount of cash and cash equivalent to meet its short-term liabilities if it is to carry on and develop in business. For that reason, working capital management which helps an entity to, efficiently and effectively manage current assets and liabilities is a key factor in the company’s long-term success; without working capital, the non- current assets will not function. The better the degree to which current assets exceed current liability, the more solvent or liquid a company is likely to be. This paper observes the relationship between working capital management practices of small and medium enterprises (SMEs) and the performance and profitability of these businesses in the Kumasi Metropolis distinctively Asafo, to evaluate key ratios of industries of such working capital management policies in ensuring that current assets meets current liabilities, to assess the degree to which management of SMEs are dedicated to the effective and efficient management of working capital. The implication of the findings is that the government of Ghana should pursue policies aimed at encouraging training and improving the managerial skills of SME owner/managers as well as creating the enabling environment for the development of improved modern technologies to transform the business processes of these vital industries.
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Brown, N. S. "FINANCIAL AND MANAGEMENT ESSENCE OF THE ORGANIZATIONAL AND ECONOMIC MECHANISM OF AGRICULTURAL INVESTMENT INVESTMENT." In STATE AND DEVELOPMENT PROSPECTS OF AGRIBUSINESS Volume 2. DSTU-Print, 2020. http://dx.doi.org/10.23947/interagro.2020.2.446-448.
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This article reveals the financial and managerial essence of the organizational and economic mechanism for investing in the agro-industrial complex, the conditions ensuring its functioning and development. The prospects for the country's economic recovery are inextricably linked with the intensification of banking, industrial and commercial capital, which activates the organizational and economic mechanism of investment. Under the state administration in the agrarian sector, the areas of regulation of investment processes include flexible organizational processes, their potential development, combining centralized and decentralized management capable of effectively using developing technologies and modern mechanisms for using financial investments.
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Pakšytė, Ieva, and Daiva Jurevičienė. "STUDY ON THE ELIGIBILITY OF VENTURE CAPITAL FUNDS IN THE UNITED STATES MARKET." In 12th International Scientific Conference „Business and Management 2022“. Vilnius Gediminas Technical University, 2022. http://dx.doi.org/10.3846/bm.2022.778.
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Experience shows that 9 out of 10 start-ups and SMEs do not survive in the market and fail at an early stage. This study aims to fill a gap on how start-ups and SMEs are affected by venture capital fund investments, i.e., identifying the criteria for selecting a potentially best VCF, ensuring the success of the investment and reducing pos-sible bankruptcy risk. The object is VCFs in the United States. The data was used from a publicly available statistical database Crunchbase. Using the complex proportional assessment method CORPAS for evaluating and ranking VCF criteria and the cluster analysis – for identifying similarities between VCFs and dividing VCF into clusters, the inves-tigation determines the crucial criteria. The most important are: Years in business of VCF; The number of employees working for VCF; The fund’s marketing strategy. The study results can help further to develop an evaluation system of VCF eligibility criteria.
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Titenko, Zoia, and Alina Buriak. "Increasing the investment attractiveness of the agricultural sector of Ukraine." In 4th Economic International Conference "Competitiveness and Sustainable Development". Technical University of Moldova, 2022. http://dx.doi.org/10.52326/csd2022.04.
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The agricultural sector occupies an important place in the economy of Ukraine. Effective functioning of the entire national economy as a whole depends on its development. Investments play a crucial role in ensuring the effective development of agriculture. The problem of attracting and financing investments, their rational use is especially important in the conditions of today's difficult economic situation. The current state of market transformations in Ukraine requires such conditions that would guarantee economic security for investors and ensure innovative development of the domestic economy. The purpose of the article is to study trends and the state of capital investments in agriculture and to justify proposals for their increase. The article analyzes the state of capital investments in the agriculture of Ukraine and the dynamics of the sectoral structure of the utilized funds in the agricultural sector. The impact of capital investments on the economic efficiency of enterprises is analyzed. The main factors restraining the development of investment activities in the regions have been determined In the conditions of the economic crisis, the investment activity in the agrarian sector of the economy deteriorates, as evidenced by the index of capital investments, which reflects the change in capital investments. Thus, despite the increase in the volume of capital investments, the heterogeneity of the index of capital investments is observed. It was established that stimulation of investment processes in agriculture is one of the priority tasks, which requires solving a number of problems at all levels of management. The investment strategy of Ukraine's development should be systematically aimed at agricultural production.
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Bužavaitė, Monika, and Renata Korsakienė. "Interrelationship between informal training, human capital development and international performance of SMEs: a literature review." In Contemporary Issues in Business, Management and Economics Engineering. Vilnius Gediminas Technical University, 2019. http://dx.doi.org/10.3846/cibmee.2019.061.
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Purpose – to present a deeper understanding of the interrelationships between training, human capital development and international performance in SMEs considering previous studies in this field. Research methodology – systematic analysis and synthesis of scientific literature. Findings – training plays a significant role in strategic planning and international orientation, forming SMEs performance. Training applied to managers and employees has a possible impact on firm’s performance through improved personal performance. This study contributes to our understanding of training by presenting its role, compatibility with other processes and outcomes of it in the organization. Research limitations – performance of SMEs could be analyzed, while the concept of performance is selected. It could help to make more relevant practical implications of the study for the company’s owner or manager seeking to improve a firm’s performance in a certain way. Also, more factors impacting the performance of SME’s could be considered, in order to present a more comprehensive picture of this phenomenon. Practical implications – this study reveals important insights about previously conducted studies in this field, which could be useful in order to improve further researches. Originality/Value – two research models combining informal training, human capital, and performance of SMEs were suggested.
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Dabbas, Aktham. "Community Ownership and the Infrastructure Investment Gap." In Construction Blockchain Conference 2021. Design Computation, 2021. http://dx.doi.org/10.47330/cbc.2021.ehqj3688.
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We stand on the brink of humanity’s most fundamental transformation to the built environment since the beginning of time. In communities around the world, existing governmental funds cover only a fraction of the cost needed to develop critical infrastructure, with local leaders given limited means and flexibility to adequately address deteriorating services to their communities. As a result, public-private partnerships have become key to addressing sub-national and municipal infrastructure challenges. In authoritarian political systems, centralized planning has expedited reform processes to provide long-term support to infrastructure investments; meanwhile, democratic societies have lagged behind as complex checks and balances continue to impede decision-making, capital allocation, and the transfer of knowledge in critical infrastructure development.
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Roersen, M. J., A. J. Groen, and J. Kraaijenbrink. "A multidimensional decision-making model for internationalization of high-tech SMEs in transition economics." In 16th Annual High Technology Small Firms Conference, HTSF 2008. University of Twente, 2008. http://dx.doi.org/10.3990/2.268580753.
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Until now, international entrepreneurship has mainly used stage theory, institutional theory, transaction cost economics and the resource-based view to explain or describe the internationalization of SMEs in transition economy context. Following recent literature we contend that these approaches are highlighting interesting elements of decision processes for internationalization, but are not yet enough managerial applicable because of the unidimensionality of these theories. We provide a model in four steps which enables multidimensional analyses of internationalization processes. In this the strengths and weaknesses in the strategic, economic, cultural and social network capital of the focal firm are assessed. Shortcomings in these capitals can be complemented by their partners to increase chances of successful internationalization. This article is a deductive study on three innovative Russian high-tech SMEs. The first case illustrates a clear fit with a potential partner, the second case describes a poor fit and in the third case the firm would not benefit from internationalization.
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Lemishko, Olena. "Eculiarities of capital formation process in agriculture." In 4th Economic International Conference "Competitiveness and Sustainable Development". Technical University of Moldova, 2022. http://dx.doi.org/10.52326/csd2022.32.
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An indicator of balanced and proportional agriculture development is the efficient functioning of capital at the sectoral level. It is established that, unlike other branches of the economy, agricultural production deals with living organisms of the plant and animal world, which encourages the continuity of biological reproduction processes of the fixed capital; the determining factor of production and the main means of production is land, therefore the economic process of capital reproduction is organically interconnected with natural. It is proven that to ensure an effective process of capital formation in agriculture, there is a need for production capital and reliable sources of financing the industry; it is emphasized that long-term sources of financing should be the basis for the development of capital investment policies aimed at solving promising strategic tasks. It is determined that lending as a component of the financial and credit mechanism should be adequate to the specific conditions of agricultural production; the timely involvement of capital in the production process in agriculture eliminates the danger of its suspension and makes it possible to cover the temporary lack of financial resources for the purchase of fixed and circulating assets. A number of factors are established to optimize the process of capital formation in agriculture: the formation of a comprehensive system of state support for agricultural producers, taking into account the experience of leading European countries; to increase the level of capital liquidity, it is necessary to ensure equivalent market pricing for agricultural products; to ensure the effective functioning of capital in agriculture, it is necessary to use scientifically based financial and economic methods that take into account the specific sectoral features of the agricultural sector.
Reports on the topic "Capital investment processes of SMEs"
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Lenhardt, Amanda. Private Sector Development Finance to Support the ‘Missing Middle’. Institute of Development Studies, January 2021. http://dx.doi.org/10.19088/k4d.2021.106.
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Evidence indicates that business support to small and medium enterprises (SMEs) in lower middle-income countries (LMICs) can improve firms’ performance, create jobs, and have a positive effect on labour productivity (Piza et al., 2016). The impacts of some approaches to private sector finance such as traditional loans, grants and technical assistance have been studied empirically, but there is limited evidence of the impacts of non-traditional and innovative financing instruments (Mallen & Bungey, 2019; Piza et al., 2016). Studies of financial instruments to support SMEs in LICs and LMICs tend to focus on particular markets or adaptations to traditional funding models rather than targeted outcomes such as sustainable employment creation (Mallen & Bungey, 2019). This report explores evidence on the effectiveness of financing options available to bilateral donors to promote private sector development (PSD) in LIMCs, however the evidence base for most financing instruments is extremely limited and much of the evidence is more than 5 years old. The report seeks to provide a (non-comprehensive) list of available Overseas Development Assistance (ODA) eligible options and a more detailed examination of those options for which evidence was identified for this review. An open search for evidence on PSD interventions to support SMEs in LMICs and LICs was carried out, followed by a targeted search of interventions seeking to support medium-sized enterprises (the ‘missing middle’) in Zambia specifically. The report begins with a brief overview of the ‘missing middle’ challenge in Zambia. Section 3 explores recent trends in bilateral finance for PSD. The remaining sections of the report explore available evidence on the effectiveness of specific interventions: credit guarantees, matching grants, equity investment and permanent capital vehicles, mezzanine finance, and funds of funds.
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Financing the Blue Economy: Investments in Sustainable Blue Small–Medium Enterprises and Projects in Asia and the Pacific. Asian Development Bank, June 2022. http://dx.doi.org/10.22617/tcs220281-2.
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This joint report highlights opportunities for mobilizing investment for a sustainable blue economy in Asia and the Pacific, focusing on small and medium-sized enterprises (SMEs). SMEs’ limited access to capital makes them the “missing middle” in sustainable blue economy development. This report proposes SME sector priorities in the blue economy, analyzes the financing gap, and shares tools and resources to support new financial connections between international capital and local actors. It recommends the establishment of a new blended finance platform—SME BlueImpact Asia—to help fill the estimated $2 trillion SME blue economy financing gap in developing Asia.