Financing Pattern of Indian MSMEs

2020 ◽  
pp. 19-34
Author(s):  
Nufazil Altaf ◽  
Farooq Ahmad Shah
Keyword(s):  
Financing Pattern

scholarly journals IF APPROACH TO INNOVATIONS DIFFERS IN LOCALLY AND FOREIGN OWNED FIRMS: CASE OF LITHUANIA

2007 ◽  
Vol 8 (3) ◽  
pp. 195-202 ◽  
Author(s):  
Manuela Tvaronavičienė ◽  
Mantas Degutis
Keyword(s):  
Research And Development ◽  
Business Strategy ◽  
Foreign Capital ◽  
Innovative Activity ◽  
Consistent Pattern ◽  
European Countries ◽  
Innovative Behavior ◽  
Financing Pattern

Presented paper aims to reveal differences, if any, in innovative behavior of business firms containing foreign and not foreign capital. Innovative behavior in that case is being characterized by scale of investment into research and development, self‐financing pattern and business strategy undertaken by various firms. Juxtaposition of business firms operating in the same economy field but having different ownership origin ‐ local and containing foreign capital ‐ has been performed. Results let us identify differences in approach to innovative activity stipulated by presence of foreign capital. Tendencies obtained in Lithuania plausibly might have been verified in other less advanced European countries in order to check if a consistent pattern could be admitted.

Differentiating Adopters and Non-adopters of Smart Cards: Comparative Analysis of Public, Private and Foreign Sector Banks in India

2013 ◽  
Vol 38 (3) ◽  
pp. 67-78
Author(s):  
Kamalpreet Kaur ◽  
Mandeep Kaur
Keyword(s):  
Smart Card ◽  
Banking Sector ◽  
Smart Cards ◽  
Payment Systems ◽  
Progressive Development ◽  
Reserve Bank ◽  
Financing Pattern ◽  
Indian Banks ◽  
Asset Quality ◽  
Different Characteristics

Progressive development in the field of information technology (IT) has brought in remarkable changes in the products as well as methods of payment and settlement system in the banking sector. In India, various types of payment systems are functioning apart from the traditional payment systems where the instruments are physically exchanged and settled manually. Smart cards are a new form of retail payment instrument, installed to facilitate retail transactions through electronic means. In 1999, the Reserve Bank of India issued guidelines to the banks regarding introduction and usage of smart cards. Smart cards are currently being issued by several banks in India which have tied up with Financial Information Network and Operations Ltd. (FINO). The IDBI bank has introduced its smart card called MoneySmart; Corporation Bank has issued CorpSmart; and Bank of India has issued its e-purse cards. PNB, SBI, ABN Amro, ICICI Bank, Bank of Baroda and some other banks have also launched smart card-based banking solutions (Kaur & Kaur, 2008). The main objective of this study is to identify the factors that may vary between the adopters and the non-adopters of smart cards in Indian banks. Banks that have adopted the cards may have different characteristics from those that have not yet adopted the cards. In other words, with the exploration of various characteristics of the banks, the study tries to differentiate between the adopter and non-adopter categories of the banks regarding smart cards with respect to their profitability, size, competitive advantage, efficiency, asset quality, financing pattern, diversification, cost of operations, etc. The empirical results evidently reveal that the banks providing smart cards differ in their characteristics from that of the banks that have not yet adopted it. It shows that the banks that adopted smart cards are larger in size, more efficient, pay lesser wages, and have more industry advantage and thus, in terms of some characteristics, outperform the non-adopter banks.

Financing Strategies of China’s Indemnificatory Housing Construction Based on REITs Mode

2012 ◽  
Vol 253-255 ◽  
pp. 1761-1764
Author(s):  
Yang Zhang ◽  
Qing Zhang
Keyword(s):  
Management System ◽  
Housing Construction ◽  
Operation System ◽  
Financing Channels ◽  
Financing Pattern

The construction of indemnificatory apartments in our country is now facing the dilemma that short of funds and financing channels. Though REITs can be an effective way to solve the problem, it has some obstacles in developing in China such as legislative vacancy. Draw lessons from American REITs pattern, the author provided four ways to improve the management of China indemnificatory apartments financing pattern, that is, to establish management system, establish operation system, provide text preference, and to establish professional operation system team.

scholarly journals Growth and Financing of Elementary Education in Uttar Pradesh:A Province in India

2004 ◽  
Vol 12 ◽  
pp. 25
Author(s):  
P. Geetha Rani
Keyword(s):  
Elementary Education ◽  
Central Government ◽  
Uttar Pradesh ◽  
The State ◽  
Political Commitment ◽  
The Public ◽  
Equity And Efficiency ◽  
Financing Pattern ◽  
State Financing ◽  
Federal Assistance

The present article attempts to study financing patterns of elementary education in Uttar Pradesh. A review of educational development in the state reveals that the goal of universalizing elementary education in a resource-poor state seems to be elusive in the near future. Neither the financing pattern of education per se nor elementary education in particular is conducive to achieving the target of universal elementary education. The magnitude of out-of-school children (leaving or dropped-out children) vis-à-vis the resources allocated toward elementary education provides a gloomy picture in the state. Financing the additional resources required to universalize elementary education in the state would require significant reallocations in overall expenditure with federal assistance, since the fiscal situation in Uttar Pradesh is highly imbalanced. The state and central government should bear the entire responsibility of funding and ensure the twin principles of equity and efficiency in the public education system in the state. This requires an indomitable political commitment in terms of reorientation of spending priorities and improving the efficiency of resource use in the state. This study reaffirms that the goal of universal elementary education could become a reality only if there is a joint commitment between the federal and state polities.

scholarly journals The determinants of firm financing structures across sectors: an evidence from Indonesian listed companies

2019 ◽  
Vol 16 (1) ◽  
pp. 100-118 ◽  
Author(s):  
Satriyo Budi Cahyono ◽  
Arvinder Singh Chawla
Keyword(s):  
Listed Companies ◽  
Testing Procedure ◽  
Firm Level ◽  
Financing Structure ◽  
Full Sample ◽  
Country Level ◽  
Firm Financing ◽  
Financing Pattern ◽  
Main Factors ◽  
Selection Of

The study investigates the impacts of firms-, industry-, and country-level covariates on the financing structure amongst the Indonesian listed companies. Using artificial nested testing procedure, the preferred models were selected that could illustrate the association between debt ratio and its determinants. By making use of the full sample, it was found that these three levels of determinants explain approximately 73% of leverage variations. Further, the importance of these determinants on leverages across sectors is also investigated in this study. The sectoral behavior plays a crucial role as the firm- and sector-level covariates indicate more important variables than country-level covariates, which implies that the firm-level covariates become the main factors in firm financing structure determination. The artificial nested testing procedure (F-test) was used choose the preferred models, which is suitable for each sector. The selection of models depends on the sectoral characteristics, which indirectly control the orientation and magnitude of relationships. Those three levels of determinants have different impacts on capital structure across sectors, which provides evidence that the sectoral behaviors indirectly tend to influence the association between determinants and firm financing pattern in the Indonesian context.

Murabaha syndrome of Islamic banks: a paradox or product of the system?

2020 ◽  
Vol 11 (7) ◽  
pp. 1363-1378 ◽  
Author(s):  
Mohammad Dulal Miah ◽  
Yasushi Suzuki
Keyword(s):  
Additional Data ◽  
Financial Statements ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Content Type ◽  
Gcc Countries ◽  
Financing Pattern ◽  
Muslim Majority ◽  
Governing Institutions ◽  
Practical Implications

Purpose This paper aims to explain the “murabaha syndrome” of Islamic banks. It further attempts to offer alternatives for the expansion of profit and loss sharing (PLS)-based financing. Design/methodology/approach Audited financial statements of 18 Islamic banks in the GCC countries are analyzed to assess the financing structures of banks. Moreover, additional data about financing pattern of Islamic banks in other Muslim majority countries are collected from the Islamic finance literature. A comparative analysis is offered to examine the financing structures of Islamic banks. Findings The paper confirms murabaha (mark-up financing) concentration of Islamic banks. About 90 per cent of the total financing are concentrated on murabaha, which is the result of existing institutional underpinnings. Islamic banks would logically be involved with PLS-based financing only limitedly unless the current governing institutions are changed. Entrepreneurs’ financing needs based on PLS contracts should be catered by venture capital, whereas micro-finance enterprises can meet the demand for funds of marginal clients. Practical implications PLS investment in the portfolio of Islamic banks would result in higher risk and uncertainty. Ambiguity, or its equivalent uncertainty, is prohibited in Islam. This is a dilemma which the existing literature does not sufficiently explain. Originality/value Ideally, Islamic banks should practice PLS-based financing; otherwise, their raison d’être would be difficult to justify. Islamic finance literature does not shed sufficient analytical lights in explaining Islamic banks’ preference of mark-up financing to PLS-based financing. Moreover, strategies to ameliorate this condition have largely remained unexplored.

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