The Braun-Stammfest Industrial Group

2021 ◽  
pp. 217-245
Author(s):  
Michael Peneder ◽  
Andreas Resch

In addition to his banking activities, Schumpeter actively pursued the ‘promoter’s profit’ during his brief and unfortunate history as a proto-venture capitalist. The activities that have so far received little attention from the research community are described in Chapter 9. Schumpeter invested on a grand scale in the foundation of new industrial firms. Given the poor condition of the industrial sites after years of a war economy, the economic rationale appeared sound, but the financial scheme, timing, and practical execution were not. In addition to spending his own wealth, he borrowed heavily from his privileged bank account and raised considerable funds from third parties. Having established large leverage, he was unable to refinance short-term loans when Austria was hit with a major banking crisis in 1924. As the factories failed before they could produce any significant cash flow, Schumpeter learned the perils of high leverage the hard way.

1997 ◽  
Vol 36 (04/05) ◽  
pp. 340-344 ◽  
Author(s):  
I. Korhonen ◽  
M. van Gils ◽  
A. Kari ◽  
N. Saranummi

Abstract:Improved monitoring improves outcomes of care. As critical care is “critical”, everything that can be done to detect and prevent complications as early as possible benefits the patients. In spite of major efforts by the research community to develop and apply sophisticated biosignal interpretation methods (BSI), the uptake of the results by industry has been poor. Consequently, the BSI methods used in clinical routine are fairly simple. This paper postulates that the main reason for the poor uptake is the insufficient bridging between the actors (i.e., clinicians, industry and research). This makes it difficult for the BSI developers to understand what can be implemented into commercial systems and what will be accepted by clinicians as routine tools. A framework is suggested that enables improved interaction and cooperation between the actors. This framework is based on the emerging commercial patient monitoring and data management platforms which can be shared and utilized by all concerned, from research to development and finally to clinical evaluation.


2018 ◽  
Vol 47 ◽  
pp. 77-95 ◽  
Author(s):  
Qian Weng ◽  
Måns Söderbom
Keyword(s):  

2019 ◽  
Vol 1 (1) ◽  
pp. 43-56
Author(s):  
Anjar K, Wahyudi

The purpose of this study is to find out how the construction of the DSN-MUI fatwa on murabaha financing and time in one transaction at PT Bank BTPN Syariah. This research is a qualitative research with a normative juridical approach that uses the Statue Approach method and the Case Approach method. The technique of analyzing legal materials in this study uses descriptive analysis techniques. Murabaha contract accompanied by wakalah contract at PT Bank BTPN Syariah based on DSN-MUI fatwa construction number: 04 / DSN-MUI / IV / 2000 dated April 1, 2000 concerning Murabahah in the first stipulation in paragraph 9 stated: "If the Bank wishes to represent customers to the customer for buying goods from third parties, the murabahah sale and purchase agreement must be made after the goods, in principle, become the property of the bank. The "sentence" in principle "in the DSN-MUI Fatwa is translated into practical terms by PT Bank BTPN Syariah with the following statement: "(in murabahah production equipment) if the Bank has confirmed the purchase of the purchase to the developer, then in principle the Bank has purchased the production equipment. Even though there is no cash flow to the developer in accounting, the Bank is committed to making payments for the purchase of production equipment to the developer represented by the customer. by using a wakalah agreement.


2021 ◽  
Vol 9 (4) ◽  
pp. 701-711
Author(s):  
Idamoyibo Hwerien Rosemary ◽  
Abner Ishaku Prince ◽  
Akpan Ededem Jack ◽  
Orugun Ibidunni Fausat ◽  
Emmanuel Nwabueze Enoch ◽  
...  

Author(s):  
Fadi Hassan Shihadeh

Purpose This study aims to analyze the financial inclusion of individuals living in the Middle East, North African, Afghanistan and Pakistan (MENAP). It intends to show the influence of these individuals’ characteristics on financial inclusion, using the World Bank Global Findex Database 2014 for 16 countries in the region. Design/methodology/approach A probit model is used to examine the marginal effect of financial inclusion of the characteristics of individuals living in the MENAP region. These characteristics include gender, age, income and education. Individual characteristics that are linked to the main financial-inclusion indicators include having a formal account and formal saving and borrowing. The barriers to having a formal account, alternative borrowing sources and motivations for borrowing are also linked to the respondents’ characteristics. Findings The results indicate that females and the poor are less likely to be included in financial systems, while education level enhances financial inclusion. As disadvantaged people consider access to credit is important to improving their lives, the study finds that the poor are more likely to borrow for medical issues than for other needs. While Islam is the majority religion in the MENAP region, it is not considered a barrier to having a formal bank account. Furthermore, people in different income quintiles are more likely to use informal financial sources, while the educated are more likely to use formal ones. Practical implications The results show that policymakers in MENAP should make more of an effort to enhance financial inclusion as a way to enhance economic development in the region. Also, governments institutions, such as central banks, financial ministries and other institutions, could build on these results to enhance financial inclusion as a way toward development in the MENAP region. Originality/value To the author’s best knowledge, this is the first study to examine the influence of individuals’ characteristics on financial inclusion in the MENAP region.


2002 ◽  
pp. 236-244
Author(s):  
Kate A. Smith ◽  
Larisa Lokmic

This chapter examines the use of neural networks as both a technique for pre-processing data and forecasting cash flow in the daily operations of a financial services company. The problem is to forecast the date when issued cheques will be presented by customers, so that the daily cash flow requirements can be forecast. These forecasts can then be used to ensure that appropriate levels of funds are kept in the company’s bank account to avoid overdraft charges or unnecessary use of investment funds. The company currently employs an ad-hoc manual method for determining cash flow forecasts and is keen to improve the accuracy of the forecasts. Unsupervised neural networks are used to cluster the cheques into more homogeneous groups prior to supervised neural networks being applied to arrive at a forecast for the date each cheque will be presented. Accuracy results are compared to the existing method of the company, together with regression and a heuristic method.


2013 ◽  
Vol 22 (2) ◽  
pp. 97-112
Author(s):  
Brian Slack ◽  
Lourdes Meana ◽  
Martha Langford ◽  
Patricia Thornton

In 1991, a research team centred at Concordia University undertook a contract for the city of Montreal. The task was to prepare an inventory of all industrial establishments that had been in existence in the city between the 1820s and 1950. One of the most important contributions of the project was to make its inventory of industrial firms available for spatial display. Computer generated maps of a large set of industrial categories are available to assist research into the industrialisation process in Canada's largest and most diverse manufacturing city of the nineteenth and early twentieth centuries. This paper employs the data and the maps of one industrial group (food and beverage), and all industries to describe some of the important spatial processes occurring in Montreal's industrialisation.


Author(s):  
YASSIN ASSADIG ALI AHMED

Risk management is particularly important at the present time and constitute a new approach in firms, has seen all industries acceleration and great changes in recent years, in order to benefit from risk management to provide protection for firms and continuity performance its activities should provide the critical success factors for risk management. The research problem is represented in the role of risk management on the performance of industrial firms in Sudan, the research aims to deepen the understanding of risk management and its application to firms and to know the reasons that led to the failure and faltering of the performance of these firms as well as finding appropriate solutions ,The researcher used the descriptive-analytical method in conducting this study and designed a questionnaire as the main tool for data collection, This research develops through the assumption that there is a positive relationship between risk management and the performance of the firm where the study found that risk management practices are applied in moderate proportions by the leaders and employees of the Sudanese industrial firms and dominated by the reactive method rather than proactive, One of the most important recommendations of the study is that industrial organizations have to adopt effective systems for managing organizational risks and that they be monitored and reviewed for deviations in order to be in line with the strategy of the firm.


2002 ◽  
Vol 33 (4) ◽  
pp. 41-47
Author(s):  
B. W. Steyn ◽  
W. D. Hamman ◽  
E. V.D.M. Smit

Cash is king. Even a highly profitable company can find itself in search of financing due to a lack of cash to honour its obligations. If this situation is only temporary and external sources of finance are freely available, this cash flow obstacle does not have to be detrimental to the stakeholders of the company.However, if the poor cash position of a company is not temporary, but rather an integral part of its structure and a result of its strategy, stakeholder interest may be at risk. Although insolvency is seldom the outcome, such companies find themselves struggling because of their cash flow inflexibility.The cumulative index-difference aims to identify companies that are cash flow inflexible, in order to enable stakeholders to take timely measures to prevent a negative outcome. With adjustments in strategy and preventative measures taken, the cash flow positions can be improved to prevent a disaster.


Author(s):  
Susan Chaplinsky

OutReach Networks is taught in Darden's Entrepreneurial Finance and Private Equity elective. A teaching note for this case is available for instructors as well as an Excel file for student analysis. This introductory case explores the venture capital (VC) and discounted cash flow (DCF) methods of valuing early-stage companies. OutReach Networks is an unusual start-up company in that it was profitable early in its development and did not have to seek VC funding to support its growth. The company has grown quickly and may soon be a candidate for an IPO. In November 2011, an experienced venture capitalist approaches the founder with an offer to invest $30 million in exchange for 30% of the company. While the founder sees some benefit from the VC's experience in preparing the firm for an IPO and the funding enabling it to scale more quickly, he cannot understand how the VC has arrived at this offer. The founder believes the funding should be worth no more than 15% of his firm. Potential reasons for the disagreement over the valuation are (1) differences in the founder's and investor's view of the company's risk, (2) disagreement over the appropriate set of comparable companies, and (3) differences in the methods used to calculate the percentage equity stake. The case is appropriate for use in courses covering entrepreneurial finance or venture capital.


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