Individual financial decisions in retirement saving plans: the role of participant-direction

2004 ◽  
Vol 88 (1-2) ◽  
pp. 39-61 ◽  
Author(s):  
Leslie E Papke
Keyword(s):  
Financial Decisions ◽  
Retirement Saving ◽  
Participant Direction

scholarly journals FINANCIAL CONTROL FOR THE FUNCTIONING OF THE SYSTEM AND MECHANISM OF THE STATE FINANCIAL POLICY

2020 ◽  
pp. 38-41
Author(s):  
Natalia Botvina
Keyword(s):  
Control System ◽  
Internal Control ◽  
Agricultural Sector ◽  
Systems Approach ◽  
Financial Control ◽  
Financial Policy ◽  
Financial Flows ◽  
Financial Decisions ◽  
Control Procedures

The functioning of the financial control system should be aimed at achieving the goals set by the financial policy. The role of the financial control system is to monitor the efficiency of financial resources, the optimality of financial flows, the creation of an information base for financial decisions to address deficiencies or regulate the objectives of financial policy. Based on the application of the systems approach in the study, it should also be noted that the system of financial control does not operate in isolation, but is a subsystem of a more complex system. It is also possible that it should be distinguished between smaller subsystems. The purpose of the article is to reveal the main problems of financial control over the functioning of the system and the mechanism of financial policy. The article substantiates the functions of financial control, which should contribute to the formation and strengthening of entrepreneurship, further developed the principles of the financial control system, by substantiating the principle of limitation of the application of control procedures. Determining the place of the system of financial control in the implementation of financial policy to ensure sustainable development of the agricultural sector, we concluded that the system of internal control is a subsystem of financial policy.

Which formula for corporate risk-taking around the world? Exploring happiness as the “black box”

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Thao Phuong Tran ◽  
Anh-Tuan Le
Keyword(s):  
Risk Taking ◽  
Negative Influence ◽  
Current Debate ◽  
Alternative Measure ◽  
Firm Risk ◽  
Content Type ◽  
Financial Decisions ◽  
The World ◽  
Corporate Risk

PurposeThis paper examines how the degree of happiness affects corporate risk-taking and the moderating influence of family ownership of firms on this relationship.Design/methodology/approachThe authors use an international sample of 17,654 firm-year observations from 24 countries around the world from 2008 to 2016.FindingsUsing the happiness index from the World Happiness Report developed by the United Nations Sustainable Development Solutions Network, the authors show that a country's overall happiness is negatively correlated with risk-taking behavior by firms. The findings are robust to an alternative measure of risk-taking by firms. Further analyses document that the negative influence of happiness on firm risk-taking is more pronounced for family-owned firms.Practical implicationsThe paper is consistent with the notion that happier people are likely to be more risk-averse in making financial decisions, which, in turn, reduces corporate risk-taking.Originality/valueThis study contributes to the broad literature on the determinants of corporate risk-taking and the growing literature on the role of sentiment on investment decisions. The authors contribute to the current debate about family-owned firms by demonstrating that the presence of family trust strengthens the negative influence of happiness on corporate risk-taking, a topic that has been unexplored in previous studies.

scholarly journals The Role of Business Strategies and Financial Decisions in Preparing for International Market Entry and Improving SMEs’ Performance: An Entrepreneurial Finance Perspective

2020 ◽  
Vol 11 (5) ◽  
pp. 376
Author(s):  
Harjum Muharam ◽  
Maria Rio Rita ◽  
Isfenti Sadalia ◽  
Asep Mulyana ◽  
Mohamad Nur Utomo
Keyword(s):  
Structural Equation ◽  
Market Entry ◽  
International Market ◽  
Business Strategies ◽  
Financial Decisions ◽  
Central Java ◽  
Equation Modelling ◽  
North Sumatra ◽  
The City

This paper strives to examine the role of international market entry in optimizing the effects of business strategies and financial decisions on SMEs’ performance. In addition, this study analyzes the role of financing access in moderating the effects of business strategies and financial access. The research sample was comprised of 250 SMEs from various industries in the city of Salatiga, Central Java Province, and the city of Medan, North Sumatra Province, Indonesia. A Partial Least Squares (PLS) - Structural Equation Modelling (SEM) was utilized to test the hypotheses. In general, this research demonstrates that: (1) business strategies and financial decisions are the determinants of international market entry, (2) business strategies are a determinant of SMEs’ performance, (3) business strategies and international market entry are factors of SMEs’ performance, and (4) international market entry optimizes the effects of business strategies on SMEs’ performance.

scholarly journals Risk, the required rate of return, and aspects of South African management practice

1992 ◽  
Vol 23 (2) ◽  
pp. 46-54
Author(s):  
S. Paulo ◽  
J. K. Bosch
Keyword(s):  
Sensitivity Analysis ◽  
South African ◽  
Management Practice ◽  
Risk Premia ◽  
Pivotal Role ◽  
Rate Of Return ◽  
Discount Rates ◽  
Financial Decisions ◽  
Empirical Survey

The pivotal role of the required rate of return to all financial decisions is well documented in the financial literature. However, many misconceptions exist with regard to the specification of the components of the required rate of return. In order to learn more about the possible components of the required rate of return, particularly the different risk premia, empirical information on the determination and use of the required rate of return by South African financial managers was obtained. From the findings of the empirical survey it was evident that the required rate of return is adjusted for a variety of risks. This enables the inference to be drawn that risk adjusted discount rates are being used when taking financial decisions. Further, it is evident that sensitivity analysis and judgemental approaches are used when adjustments are made to the required rate of return.

Retirement Goal Clarity, Needs Estimation, and Saving Amount: Evidence From Hong Kong, China

2018 ◽  
Vol 29 (2) ◽  
pp. 328-342
Author(s):  
Alex Yue Feng Zhu ◽  
Kee Lee Chou
Keyword(s):  
Hong Kong ◽  
Policy Implications ◽  
Retirement Savings ◽  
Mediating Role ◽  
Goal Clarity ◽  
Retirement Saving ◽  
Phone Survey ◽  
Working Age ◽  
The Relationship

This study investigated the relationship between retirement saving needs estimation and the amount of self-reported private retirement savings amassed by working-age adults in Hong Kong, China, by focusing on the mediating role of retirement saving needs estimation between retirement goal clarity and the amount of private retirement savings. Based on the data collected from a phone survey of 958 Hong Kong workers aged 25–64 years, we found that the retirement saving needs estimation was associated with the savings of individuals over 44 years old; furthermore, it mediated the association between retirement goal clarity and self-reported private retirement savings. The findings offer theoretical contributions for financial planning conceptual frameworks and provide policy implications.

scholarly journals Pelaksanaan Pendidikan Literasi Finansial pada Siswa Sekolah Dasar

2019 ◽  
Vol 4 (11) ◽  
pp. 1491
Author(s):  
Viving Laila ◽  
Syamsul Hadi ◽  
Subanji Subanji
Keyword(s):  
Financial Literacy ◽  
Well Being ◽  
Literacy Education ◽  
School Students ◽  
Financial Decisions ◽  
Positive Attitudes ◽  
The People ◽  
Basic Competencies ◽  
Teachers And Students

<div align="center"><table width="645" border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="439"><p><strong>Abstract:</strong> This study discusses how to implement financial literacy education in elementary school students. Financial literacy education is a person's activity in applying, understanding and managing information to make financial decisions. Financial literacy education can be taught early to provide knowledge and skills in improving financial well-being. This study uses a descriptive qualitative approach to describe the activities of teachers and students in the implementation of financial literacy education in elementary schools. This study shows that the implementation of financial literacy education can provide positive attitudes for students to participate in production activities and motivate students to save. Teachers can teach financial literacy education in accordance with the basic competencies that already exist in subjects such as mathematics and social studies. Teachers can teach the material the role of the economy in an effort to improve the lives of the people by introducing the type of business and doing activities to make a work and sell it.</p><p class="Abstract"><strong>Abstrak:</strong><em> </em>Penelitian ini membahas tentang bagaimana melaksanakan pendidikan literasi finansial pada siswa sekolah dasar. Pendidikan literasi finansial merupakan aktivitas seseorang dalam mengaplikasikan, memahami, dan mengelola informasi untuk membuat suatu keputusan finansialnya. Pendidikan literasi finansial dapat diajarkan sejak dini untuk memberikan pengetahuan dan keterampilan dalam meningkatkan kesejahteraan finansialnya. Penelitian ini menggunakan pendekatan kualitatif jenis deskriptif, untuk mendeskripsikan aktivitas guru dan siswa dalam pelaksanaan pendidikan literasi finansial di sekolah dasar. Penelitian ini menunjukkan bahwa pelaksanaan pendidikan literasi finansial dapat memberikan sikap positif siswa untuk berpartisipasi dalam kegiatan produksi dan memotivasi siswa untuk menabung. Guru dapat mengajarkan pendidikan literasi finansial sesuai dengan kompetensi dasar yang sudah ada pada mata pelajaran, seperti Matematika dan IPS. Guru dapat mengajarkan materi peran ekonomi dalam upaya menyejahterakan kehidupan masyarakat dengan mengenalkan jenis usaha serta melakukan kegiatan membuat sebuah karya dan menjualnya.</p></td></tr></tbody></table></div>

scholarly journals The role of AEF-Brasil in the execution of the National Strategy for Financial Education

2021 ◽  
Author(s):  
Claudia M. J. Forte
Keyword(s):  
Financial Market ◽  
Stock Exchange ◽  
Financial Education ◽  
National Strategy ◽  
Over The Counter ◽  
Financial Decisions ◽  
Social And Economic Development ◽  
Supplementary Health Insurance

Convinced of the importance of financial education to the solidity of the financial system and the quality of life of Brazilian society, four institutions representing the financial market instituted AEF-Brasil in 2012, geared towards elevating this cause to the level of the most pressing causes in Brazil. They are: ANBIMA (Brazilian Financial and Capital Markets Association),B3 (Brazil Stock Exchange and Over-the-Counter Market), CNSeg (National Confederation of Companies of General Insurance, Private Pension, Life, Supplementary Health Insurance, and Capitalization Insurance) and FEBRABAN (Brazilian Federation of Banks). Allowing financial education to reach every Brazilian means leveraging equal opportunities for autonomous and healthy financial decisions in their lives, thereby bolstering citizenship. By developing these projects, AEF-Brasil has contributed and continues to contribute to social and economic development and, especially, to the exercise of full citizenship and the practice of democracy.

scholarly journals Role of Clean Technology in Sustainable Manufacturing

2021 ◽  
Vol 12 (1S) ◽  
pp. 437-444
Author(s):  
Manoj Kumar Agrawal
Keyword(s):  
Sustainable Manufacturing ◽  
Process Models ◽  
Small Scale ◽  
Scale Production ◽  
Green Technologies ◽  
Industrial Growth ◽  
Financial Decisions ◽  
Clean Technologies ◽  
The Stability

Sustainable manufacturing is the backbone for the development of standard of living of the country along with its industrial growth. It is a process for meeting development needs while maintaining the stability, integrity and beauty of natural biotic systems such that societal consumption of natural resources is incommensurate with the rate which the nature can replenish itself. It can be more cost and time efficient, especially for small scale production and customized products. In order to have complete and efficient structure of sustainable manufacture it must produce green products by using clean technologies. The manufacturing industries which can integrate the aspect of clean technologies in their technical and financial decisions will hold an important role in winning the everlasting future race. The main objective of this paper is to elaborate the concept and implementation of clean technologies in sustainable manufacturing which includes the process, models and impact assessment of green technologies. The ideas presented in this paper will be quite useful for the researchers and industrialists who are interested in the field sustainable manufacturing.

scholarly journals Economic Issues In Bankruptcy And Reorganization

2011 ◽  
Vol 9 (3) ◽  
pp. 110 ◽  
Author(s):  
Mark J. Shrader ◽  
Kent A. Hickman
Keyword(s):  
Financial Distress ◽  
Research Interest ◽  
Financial Decisions ◽  
Economic Issues ◽  
The U.S

This paper examines current issues in bankruptcy and reorganization. Bankruptcy is an area of high research interest because of its implications for corporate financial decisions and because of the increased occurrence of financial distress in the U.S. economy. The paper discusses the role of bankruptcy in the economy and examines the efficiency of current bankruptcy laws and practices.

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