Showing 4 results for Capital
Nataliia Demchuk, Iuliia Masiuk2, Anastasiia Donskykh, Iryna Kadyrus,
Volume 31, Issue 4 (11-2020)
Abstract
The aim of the study is to develop theoretical and methodological foundations, scientific and practical recommendations for improving the management and evaluation of public debt in Ukraine. The methodological foundations of the study are a systematic approach to the analysis of the relationship of financial phenomena and processes, creative reflection on the works of Ukrainian and foreign scientists on public debt, and its role in the context of macro-financial stabilization. Specific scientific theoretical and applied developments by the applicant were obtained using the following methods: graphical financial analysis (for studying the tendencies of debt formation); statistical-economic (to identify the impact of public debt on socio-economic processes); economic-mathematical modeling (to determine the relationship between public debt and macroeconomic indicators). On the basis of the research, it was revealed that the selected macroeconomic indicators have a significant impact on the government debt, and there are difficulties in coordinating international, regional economic integration or creating a broad separation based on stable international competitiveness. In order to test the impact of some macroeconomic indicators on the size of public debt, the World Bank's economic indicators have been taken as the main material for research. The analyzed period of time is 2001-2017 years.
The recommendations provided in this article will contribute to the development of public debt management and the associated increase in the living standards of the country's population. Based on the analysis conducted, there are every reason to assert that effective management of public debt can contribute to the development of the national economy. The scientific novelty of the study is to determine the impact of some macroeconomic indicators on public debt management at the current stage of Ukraine's development.
Dyah Gandasari, Diena Dwidienawati, David Tjahjana, Mochamad Sugiarto, M Faisal,
Volume 33, Issue 2 (6-2022)
Abstract
The dynamic among farmer institutions has essential problems to be addressed, especially regarding the pattern and process of communication interactions developing farmer institutions. Therefore, an assembly of agribusiness information within the communication network of the farmer group is of primary interest for our study. This study aims to analyze the agribusiness network structure of beef cattle farmer groups in Subang Regency, West Java, Indonesia. The Social Network Analysis (SNA) used for discovering communication network structure. Data was collected through interviews using a questionnaire. The census method was used for the sampling technique and UCINET 6 used to analyze the data. The results of the study show: 1) The degree centrality and net draw illustrate the head of farmer groups still plays a role as a source of information for their members even if members can access 1-3 other sources, 2) The closeness centrality average is still high and approaching its maximum. The limitation of this study is that only in quantitative approach. Therefore, it is recommended to conduct further research in a qualitative approach to further analyze the roles play in the networks that can be considered in increasing group social capital.
Komeil Fattahi, Ali Bonyadi Naeini, Seyed Jafar Sadjadi,
Volume 34, Issue 1 (3-2023)
Abstract
Venture capital (VC) financing is associated with the challenges of double-sided moral hazard, and uncertainty, which leads to the difficulty in estimating the venture's value accurately and consequently the impossibility of determining the optimal equity sharing between the entrepreneur and investor. Traditionally, convertible preferred equity mechanisms used to be implemented as an incentive to decline moral hazard. However, despite the emphasis on investor risk-taking, such mechanisms transfer the investor risk to the entrepreneur and do not mitigate the incentive of opportunistic behaviors. Furthermore, according to the literature review, and to the best of the authors’ knowledge, there has not been developed any practical mechanism for equity sharing in VC financing up to now. This paper proposes a fair equity sharing mechanism, which alleviates the above-mentioned deficiencies. It adjusts both parties' share during the equity dilution in each stage of financing, regarding the difference between the venture's ex-ante and ex-post values. Moreover, it manages uncertainty by applying staged financing and the option of abandonment at the end of each stage. The proposed mechanism has been verified by using the mathematical tools and drawing its curves for a case study.
Emad Bashehab, Dr. Nur Azam Bin Anuarul Perai,
Volume 34, Issue 3 (9-2023)
Abstract
Not much attention is given to the financial performance of non-oil firms in oil producing economies as the focus would be on firms operating in the country’s major industry. However, fluctuating oil prices have made their importance to the economy more evident as oil producers start to diversify and move away from reliance on oil as a major source of revenue. Fluctuating oil prices cause enormous pressure on oil corporations’ bottom line, the expansion of non-oil enterprises has. The non-oil sector's profitability strategy is a major challenge for non-oil enterprises looking to contribute to the economy. The study's objective in the context of non-oil firm profitability is to analyse research conducted over the previous two decades to understand the future orientation of non-oil firms in oil-producing nations. We utilised the PRISMA statement 2020 and gathered records from Web of Science and Scopus. The final 46 articles were included for the review, and VOS viewer software was used to categorise the results. This is a comprehensive review exploring profitability of non-oil firms from the contexts of firm size, market share, governance structure and capital management. The paper concludes with suggestions for further research on firm profitability in relation to the economy in which it operates. The study identified three significant streams: firm size, capital management and profitability. However, results indicate that there would be a positive link between business size and profitability. In addition, capital management is a critical component in maximising firm profitability, and the board of directors is a crucial determinant identified in the research. Finally, results show that the elements determining profitability remain a significant issue for academics.
Not much attention is given to the financial performance of non-oil firms in oil producing economies as the focus would be on firms operating in the country’s major industry. However, fluctuating oil prices have made their importance to the economy more evident as oil producers start to diversify and move away from reliance on oil as a major source of revenue. Fluctuating oil prices cause enormous pressure on oil corporations’ bottom line, the expansion of non-oil enterprises has. The non-oil sector's profitability strategy is a major challenge for non-oil enterprises looking to contribute to the economy. The study's objective in the context of non-oil firm profitability is to analyse research conducted over the previous two decades to understand the future orientation of non-oil firms in oil-producing nations. We utilised the PRISMA statement 2020 and gathered records from Web of Science and Scopus. The final 46 articles were included for the review, and VOS viewer software was used to categorise the results. This is a comprehensive review exploring profitability of non-oil firms from the contexts of firm size, market share, governance structure and capital management. The paper concludes with suggestions for further research on firm profitability in relation to the economy in which it operates. The study identified three significant streams: firm size, capital management and profitability. However, results indicate that there would be a positive link between business size and profitability. In addition, capital management is a critical component in maximising firm profitability, and the board of directors is a crucial determinant identified in the research. Finally, results show that the elements determining profitability remain a significant issue for academics.
