scholarly journals An Analysis of Smes Market in History of Azerbaijan

2021 ◽  
Vol 129 ◽  
pp. 09006
Author(s):  
Jamila Hasanova Vagif
Keyword(s):  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Local Market ◽  
Research Database ◽  
History Of ◽  
Business Objects ◽  
Medium Enterprises ◽  
Start Ups ◽  
The Impact ◽  
Modern Technologies

Research background: World experience shows that small and medium business in a civilized form is an important condition for the restoration of not only the economy. Periods of recession, stagnation and stabilization at a time when small and medium enterprises are the acceptable form of activity were observed. Purpose of the article: The purpose of the study is to identify the weaknesses of small and medium enterprises in the local market, to analyze the main stages of development of such enterprises in Azerbaijan. The research database includes works on the issues of local and foreign authors, decisions of the Cabinet of Ministers and the Ministry of Economy of Azerbaijan, normative-legal acts, statistical materials. The results will serve as the basis for further actions- the formation of innovative databases for data processing and analysis, the correct creation of the management structure of many business objects, the support of know-how and start-ups, financial literacy and the reduction of profit leakage. The novelty and practical results of investigation: The importance of the impact of modern technologies and innovations on business development is also explained. The problems of business, which can hinder the diversification of the economy, were considered.

The Impact of Financial Literacy on Financial Preparedness for Retirement in the Small and Medium Enterprises Sector in Uganda

2020 ◽  
Vol 9 (3) ◽  
pp. 26-41
Author(s):  
Colin Agabalinda ◽  
Alain Vilard Ndi Isoh
Keyword(s):  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Group Analysis ◽  
Moderating Effect ◽  
Primary Data ◽  
Retirement Preparedness ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship ◽  
Effect Of Age

The study investigated the direct effects of financial literacy (knowledge, skills, and attitudes) on financial preparedness for retirement and the moderating effect of age among the small and medium enterprises in Uganda. Primary data was collected from a sample of n = 380 selected from the SME workforce. Descriptive analysis was run on SPSS, while validity and reliability of the measurement items yielded satisfactory composite reliability scores and average variance explained (AVE) scores for all items. Structural equation modelling (SEM) was used to test the hypotheses and multi-group analysis conducted to test for the moderating effect of age on the relationship between financial literacy and retirement preparedness. The results revealed that knowledge and skills were significant predictors of retirement preparedness. However, ‘attitude' was not a significant predictor, and age had no moderating effect on the relationship between the study variables. These findings present practical implications for policymakers and financial educators in a developing country context.

scholarly journals Performance implications of financial capital availability on the financial literacy – performance nexus in South Africa

2016 ◽  
Vol 13 (2) ◽  
pp. 354-362 ◽  
Author(s):  
Neneh Brownhilder Ngek
Keyword(s):  
South Africa ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Literacy Skills ◽  
Financial Capital ◽  
Financial Decisions ◽  
Literacy Performance ◽  
Entrepreneurial Activities ◽  
Medium Enterprises ◽  
The Impact

The need for making optimal financial decisions is very important in small and medium enterprises (SMEs) especially as most SMEs are always financially constrained. Consequently, there has been an increasing interest from researchers to determine how well financial literacy skills can enable entrepreneurs to make decisions that result in optimal financial outcomes and possible enhance the performance and growth of their businesses. This study had as objectives to find out the impact of financial literacy on firm performance, as well as to examine the moderating effect of financial capital availability on the financial literacy – performance relationship, amongst SME in the Free State province of South Africa. The results showed that on average SME have low levels of financial literacy and financial capital availability. It was also observed that financial literacy positively influenced SME performance, and that the relationship is positively moderated by financial capital availability. It is, therefore, necessary for SME owners to develop financial literacy skills as an essential part of entrepreneurial activities. Likewise, since businesses rely on financial capital to invest, develop and grow, policy makers should put in place measures on how to bridge the access to finance gap, and, thus, ensure that entrepreneurs are relieved from financing constraints

Pengembangan dan Validasi Modul Edukasi Literasi Keuangan Islami untuk Usaha Mikro, Kecil, dan Menengah

2018 ◽  
Vol 1 ◽  
pp. 320
Author(s):  
Ikka Nur Wahyuny ◽  
Lukman Hakim ◽  
Wiedy Murtini
Keyword(s):  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Financial Education ◽  
Literacy Education ◽  
Development Stage ◽  
Educational Module ◽  
Point Analysis ◽  
Addie Model ◽  
Medium Enterprises ◽  
The Impact

Various studies on financial literacy still focus on the measurement of financial literacy, exploration of Islamic financial literacy, and the impact of financial education on improving financial literacy. The existing studies still have no concerns and efforts to develop Module of Islamic Financial Literacy Education. This research aims to develop a valid Module of Islamic financial literacy education for Small and Medium Enterprises (SMEs). Development of media using ADDIE model. Materials and designs that have been compiled into draft Islamic Financial Literacy Education Module. At development stage obtained data from the filling sheet validation by experts and practicioner, experts in the field of training media, linguists, and practitioners of SMEs. Validation results are processed by cut off point analysis and ideal percentage to determine that the module made has met both criteria. Islamic Financial Literacy Education Module is considered valid and feasible by material experts, media experts, linguists, and SMEs practitioners. Based on the validation of experts and practitioner shows that the educational module is worthy to be used to improve the Islamic financial literacy of SMEs.

Implementation of Inclusive Finance in Empowering Micro, Small and Medium Enterprises (UMKM) at Micro Waqf Banks

2021 ◽  
Vol 5 (1) ◽  
pp. 82
Author(s):  
Rahma Jaziyatul Chikmiyah
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Qualitative Method ◽  
Small And Medium Enterprises ◽  
Financial Inclusion ◽  
National Strategy ◽  
Classic Problem ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

<p><em>This study aimed to analyze the impact of the implementation of financial inclusion at Al-Fithrah Micro Waqf Bank regarding the empowerment of Empowering Micro, Small and Medium Enterprises (MSME). Even though MSME sectors have become a central foundation for the economy, the capital limitation is still considered a classic problem. It influences the government to release National Strategy Financial Inclusion to provide financial services that all levels of society can access. The indicators inclusive financial consists of access, usage and quality to realize empowerment through financing and assistance. This research used a descriptive qualitative method, and data were collected through interviews, observations, and documentation. The results showed that the financial inclusion component had been implemented but still has many potentials to be maximized. The components of access and usage have been appropriately implemented in terms of physical aspects and prices that are easily accessible to customers. These two components have an impact on increasing customer Islamic financial literacy. In the quality component, product variations are expected to fulfill the different business needs of customers. Meanwhile, financing has not significantly impacted fulfilling the welfare component’s capital needs  because the nominal value is too small. Furthermore, business assistance has a more significant impact on improving the business and spiritual aspects</em><em> of clients</em><em>.</em></p><p align="left"> </p><p>Penelitian ini bertujuan untuk menganalisis dampak penerapan keuangan inklusif pada Bank Wakaf Mikro Al-Fithrah terhadap pemberdayaan UMKM di sekitarnya. Meskipun sektor UMKM telah menjadi fondasi yang cukup sentral bagi perekonomian, keterbatasan permodalan masih menjadi masalah klasik UMKM. Hal ini mendorong pemerintah untuk mengeluarkan Strategi Nasional Keuangan Inklusif yang bertujuan untuk memberikan layanan keuangan yang dapat diakses seluruh lapisan masyarakat. Indikator keuangan inklusif yang terdiri dari akses, penggunaan dan kualitas diterapkan untuk mewujudkan pemberdayaan UMKM melalui pembiayaan dan pendampingan. Penelitian ini menggunakan metode deskriptif kualitatif melalui pengumpulan data wawancara, observasi, dan dokumentasi. Hasil penelitian menunjukkan bahwa komponen keuangan inklusif telah diimplementasikan namun masih berpotensi untuk dimaksimalkan. Komponen akses dan penggunaan sudah terlaksana dengan baik dilihat dari segi fisik dan harga yang mudah dijangkau nasabah. Kedua komponen tersebut berdampak pada peningkatan literasi keuangan syariah nasabah. Pada komponen kualitas, variasi produk diharapkan dapat memenuhi kebutuhan modal nasabah yang berbeda. Sedangkan untuk komponen kesejahteraan, pembiayaan belum memberikan pengaruh signifikan untuk memenuhi kebutuhan permodalan karena nilai nominal yang terlalu kecil. Selain itu, program pendampingan usaha (HALMI) memiliki dampak yang lebih signifikan terhadap peningkatan usaha dan spiritual pelanggan.</p>

Assessing the Impact of Financial Literacy on Firm Sustainability: Mediating Role of Financial Access and Firm Growth

2021 ◽  
pp. 097084642110442
Author(s):  
Harleen Kaur ◽  
Palvi Bansal
Keyword(s):  
Financial Literacy ◽  
Firm Growth ◽  
Small And Medium Enterprises ◽  
Financial Access ◽  
Mediating Role ◽  
The Subject ◽  
Medium Enterprises ◽  
Company Growth ◽  
The Impact

Even though firm sustainability is a long-standing concern, just a few studies on micro, small and medium enterprises (MSMEs) sustainability have been conducted. Many studies have concentrated on a few particular sustainability criteria, but there is no comprehensive study on the subject from which to make concrete conclusions. The present research was inspired by the idea to examine how resources such as financial literacy, financial access and company development influence the sustainability of MSMEs. Data was gathered from 438 owner-managers of micro, small and medium enterprises through a questionnaire. The research discovered that financial literacy, financial availability and company growth are positively correlated with firm sustainability when using partial least squares. Surprisingly, the research found that financial access and firm growth moderate the anticipated connection between financial literacy and sustainability. As a result, policymakers and practitioners should ensure that firms have better access to financial resources, that owner-managers have the necessary financial literacy and that micro, small and medium-sized businesses grow effectively better firm sustainability.

scholarly journals Pelatihan Dan Pendampingan Daring Dalam Rangka Peningkatan Literasi Keuangan Praktek Mandiri Bidan Di Kecamatan Sukasada

2020 ◽  
Vol 4 (2) ◽  
pp. 115
Author(s):  
Luh Gede Kusuma Dewi ◽  
Luh Ari Arini ◽  
Putu Riesty Masdiantini
Keyword(s):  
Financial Literacy ◽  
Industrial Revolution ◽  
Small And Medium Enterprises ◽  
Independent Practice ◽  
Intensive Training ◽  
Entrepreneurial Spirit ◽  
Financial Application ◽  
Operational Activities ◽  
Medium Enterprises ◽  
The Impact

The midwives profession are expected to have an entrepreneurial spirit, therefore the Midwives Independent Services is one of the micro, small and medium enterprises (MSMEs) that runs in generating profits to cover operational activities and career development. Every business cannot be separated from financial recording activities. This is a control in the progress of the business being carried out. Based on the results of interviews and observations, there are still many of them that do not carry out financial records properly according to SAK EMKM. Therefore, the impact that has been felt by them is ignorance of the services that have been carried out to generate profits or not. Based on these circumstances, it is necessary to have training and mentoring to improve The midwives financial literacy. The training and mentoring online activities were greeted with enthusiasm from the midwives who have a Midwives Independent Practice business in Sukasada District. The topic presented in the training activities was knowledge about midwifery in the era of the industrial revolution 4.0; Income Tax for Midwives; and Improving Midwives' Financial Literacy through the LAMIKRO Financial Application. The topic provided at mentoring sessions are the use of the LAMIKRO application; Introduction to Financial Transactions; Midwives Independent Practice Financial Case I; and Midwives Independent Practice Financial Case II. Based on the results of the pre-test and post-test, there was an increase in the knowledge of the midwives after implementing the training. And based on the questionnaire distributed, the midwives who participated in the training and mentoring activities felt the benefits of this activity and wanted more intensive training for the next opportunity. The midwives also suggested the development of a more detailed financial transaction application specifically for their health service businesses.

Impacts of Coronavirus (COVID-19) on Digital Marketplace in Brunei Darussalam

2021 ◽  
pp. 104-124
Author(s):  
Alif Azizi Abdullah ◽  
Mohammad Nabil Almunawar ◽  
Muhammad Anshari
Keyword(s):  
Small And Medium Enterprises ◽  
Food Delivery ◽  
Case Study Approach ◽  
Delivery Service ◽  
Study Approach ◽  
Brunei Darussalam ◽  
Medium Enterprises ◽  
Start Ups ◽  
The Impact

The main purpose of this research is to identify the impact of coronavirus (COVID-19) on the digital marketplace of Brunei. The realization of the potential of digital marketplace have enable it to develop and grow in application among start-ups and businesses in Brunei. COVID-19 has negatively impacted the micro, small, and medium enterprises of Brunei due to social distancing measures and crowd restrictions. Furthermore, the suspension of dine in services across the nation paved the way for food delivery service platforms to thrive during the pandemic. The platforms provide security, safety, and convenience to ensure reliability for consumers during the pandemic. Transitioning towards digital mediums was necessary to provide an intermediary for MSMEs and consumers to stay connected under difficult circumstances. A case study approach was used to get information from digital marketplaces that were thriving during the pandemic. The results indicate the impact towards digital marketplace during the pandemic are positive.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

AFRICA’S RENAISSANCE AND POTENTIAL IN THE LEATHER SECTOR WITH REFLECTION TO THE GLOBAL PERFORMANCE

2015 ◽  
Vol 2 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Mwinyihija M.
Keyword(s):  
Value Chain ◽  
Small And Medium Enterprises ◽  
Middle Level ◽  
Individual Member ◽  
Socioeconomic Indicators ◽  
Value Add ◽  
Medium Enterprises ◽  
The Impact ◽  
Productivity And Competitiveness ◽  
Critical Aspects

Africa’s renaissance is inevitable and rapidly emerging as a reality in tandem with the continent’s continued exploration of its natural resources in a more sustained way than previously done. Currently, the clarion call is to value add, avoid plundering and involve its population through the SME’s to adapt modern methods of entrepreneurship. During the study, critical aspects that are envisaged to trigger the growth and development of Africa, included the entry of major countries of the continent into the global emerging markets such as MINT (Mexico, Indonesia, Nigeria and Turkey) and BRICS (Brazil, Russia, India, China and South Africa). For the leather sector, certain socioeconomic indicators such as the youthful participation in the value chain, ownership status, literacy levels and acquired experiences are all contributing to a vibrant sector. It was observed that these indicators if well aligned with individual member states of African Union Commission and structured than productivity and competitiveness of leather products will be attained. As such, ease of either foreign direct investment, local recapitalization and development of the SME’s could become feasible. Indeed, with the emergence of over 300 million youth at middle level income level is construed to start building on the impact of the continents purchasing power. Therefore, Africa needs to respond by address on development of ICT, develop affordable financial support to provide stimulus packages to SME’s (Small and Medium Enterprises) to transform, improve on inter and intra trade to optimize on unexplored synergies and enhance mobility of persons with in Africa as preamble to Africa’s renaissance.

THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES

2020 ◽  
Vol 9 (2) ◽  
pp. 298
Author(s):  
Muhamad Marwan
Keyword(s):  
Financial Support ◽  
Small And Medium Enterprises ◽  
Mediation Effect ◽  
Asia Pacific ◽  
Survey Questionnaire ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.

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