scholarly journals Settlements and Resolutions Under the Insolvency and Bankruptcy Code: Assessing the Impact of Covid-19

2021 ◽  
pp. 001946622110132
Author(s):  
Ram Singh ◽  
Hiteshkumar Thakkar
Keyword(s):  
Public Policy ◽  
Informal Sector ◽  
Small And Medium Enterprises ◽  
Jel Classification ◽  
Company Law ◽  
Recovery Rates ◽  
Resolution Process ◽  
Bankruptcy Code ◽  
Medium Enterprises ◽  
The Impact

In this study, we develop a model to examine the dynamics of the insolvency and bankruptcy code (IBC) processes in the aftermath of Covid-19. We use the model to study the impact of the pandemic on the following aspects of the financial disputes and their implications: number of disputes between debtors and their creditors in the aftermath of Covid-19; frequency of these disputes coming to the National Company Law Tribunal (NCLT); impact of the pandemic on the frequency of ‘out of court’ settlements; the nature of disputes settled amicably and those adjudicated under the corporate insolvency resolution process of the NCLT; and the recovery rates in the settled versus litigated disputes. We show that while the number of disputes will go up, the frequency of settlements will come down in the post-Covid world. Moreover, the post-pandemic legal changes made to the IBC are detrimental to the interest of the micro, small and medium enterprises and also for the formal and informal sector employees. We offer suggestions for promoting out-of-court settlements to save time and costs of the parties involved. Our suggestions related to public policy can help mitigate the macroeconomic costs of the pandemic. JEL Classification Codes: K00, K22, K41, G21

scholarly journals Learning from foreign operation modes: The virtuous path for innovation

2020 ◽  
Vol 23 (2) ◽  
pp. 159-171 ◽  
Author(s):  
Cristina Villar ◽  
José Pla-Barber ◽  
Pervez Ghauri
Keyword(s):  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Jel Classification ◽  
Superior Performance ◽  
Alternative View ◽  
Operation Modes ◽  
Foreign Operation ◽  
Traditional Manufacturing ◽  
Medium Enterprises ◽  
The Impact

In this article, we analyze the impact of learning from internationalization on small and medium enterprises’ (SMEs) performance along different development paths. Drawing on the exploitation versus exploration logic, we use an alternative view of foreign operation modes (the learning perspective) to provide insights into the impact of such learning on technological and organizational innovation as well as overall performance. Our results, which are derived from a sample of 132 SMEs active in traditional manufacturing industries, point to a path to superior performance that entails resource-augmenting operation modes and organizational innovation. JEL CLASSIFICATION: O31; F23; L25; M10; M16

scholarly journals Corporate Social Responsibility and Community Empowerment Program for MSMEs and Informal Sectors Affected by the Covid-19 Pandemic

2020 ◽  
Vol 1 (1) ◽  
pp. 7-14
Author(s):  
Aldilla Adam Kurniawan
Keyword(s):  
Informal Sector ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
Community Empowerment ◽  
Literature Study ◽  
Thick Description ◽  
Considerable Impact ◽  
The Government ◽  
Medium Enterprises ◽  
The Impact

COVID-19 has had a considerable impact on social and cultural problems that exist in society, especially those related to economic problems. Since the emergence of this pandemic, many companies and corporations have finally granted employment termination, this has also been done by companies to support government policies in the form of Large-Scale Social Restrictions (PSBB) to reduce the spread of the virus. Another problem of concern is that poverty and unemployment could increase quite drastically. Because companies and corporations alone are not only one or two in Indonesia. From the above background, the purpose of this study is to find out the impact of COVID-19 on the country's economy, as well as to find out programs for community empowerment as a solution to overcoming poverty and unemployment that occur after the pandemic. The method that researchers used in writing this article was a qualitative approach, supported by the thick description method. In addition, with literature study which will be used as a supporting method to find valid data. The results of the study found that the government is less empowering the informal sector and also these Micro, Small and Medium Enterprises (MSMEs). In fact, jobs in the informal sector and Micro, Small and Medium Enterprises or MSMEs can be an alternative medium to reduce poverty and unemployment. Through CSR programs from existing companies, it is hoped that the community can be empowered as well as the informal sector and MSMEs. When corporations or companies carry out empowerment activities for the informal sector and also MSMEs, it is possible that the problems of poverty and unemployment that have occurred due to the COVID-19 pandemic can be reduced and overcome.

scholarly journals Does it pay to be green? Environmental performance and firm financing during COVID-19 outbreaks

2020 ◽  
Author(s):  
Nirosha Hewa Wellalage ◽  
Vijay Kumar
Keyword(s):  
Environmental Performance ◽  
Small And Medium Enterprises ◽  
Sample Selection ◽  
Jel Classification ◽  
Firm Level ◽  
Global Pandemic ◽  
Firm Financing ◽  
Medium Enterprises ◽  
The Impact ◽  
Negative Shock

Abstract This paper examines the effect of firm environmental performance on firm financing during the COVID-19 outbreak. Crises in multiple forms curtail Micro, Small and Medium Enterprises (MSMEs) stability and the livelihood of hundreds of millions of people who derive their living from these activities. The way in which MSMEs deal with crises and the extent to which environmental performance is beneficial when the market suffers a negative shock is relatively unexplored in the literature. We consider three aspects of financing -- firm level liquidity, bank credit and bankruptcy probabilities -- and argue that it pays for firms to show commitment to environmental responsibilities in a global pandemic. Through an examination of 3,356 MSMEs, we find that firms with better environmental performance reduce their probability of bankruptcies and their liquidities decreasing during the COVID-19 pandemic. Furthermore, analysis shows that the impact of a firm’s environmental performance is more pronounced in sensitive industries (hospitality and retail). The results are robust based on a series of robustness checks, including propensity score matching and the Heckman two-stage sample selection model. Our study suggests that the trust between a firm and its stakeholders, if it is grounded on environmental performance, pays off when the overall level of trust in markets suffers a negative shock. JEL Classification: F64; G01; Q14

scholarly journals Moderating Influence of Training and Development on Entrepreneurial Performance

2018 ◽  
Vol 12 (3-4) ◽  
pp. 47-54
Author(s):  
Solomon Akpoviroro Kowo ◽  
Olufemi Amos Akinbola ◽  
Olalekan Owotutu Sabitu
Keyword(s):  
Small And Medium Enterprises ◽  
Tertiary Education ◽  
Behavioral Outcomes ◽  
Training And Development ◽  
Jel Classification ◽  
Ethical Practices ◽  
Entrepreneurial Performance ◽  
Level Of Significance ◽  
Medium Enterprises ◽  
The Impact

This study assessed the moderating effect of training and development on entrepreneurial performance of Micro, Small and Medium Enterprises (MSMEs) in Nigeria considering the Bank of Industry and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). Two hypotheses were tested in this study reflecting training and development in Nigeria and Ethical practices of Training and Development impacts on behavioral outcomes of entrepreneurs. The paper puts to test, the preceding assertions with the aid of Kruskal Wallis test. From the test, the study refutes the former assertions on the reasoning that P-values were less than 5% level of significance. This showed that the impact of ethical training and development would be more significant if the young entrepreneurs had earlier exposure from secondary to tertiary education level to make better entrepreneurs in Nigeria. The study observed that the Nigerian educational system has contributed positively to the area of training and development which has enhanced entrepreneurial performance in Nigeria. The study recommends that training and development programme should focus on developing creative or innovative individuals who can help to move the nation forward. A Self-reliant person is a creative individual. JEL Classification: M53, M1

The Impact of Investment, Consumption, Government Spending and Net Exports on Economic Growth in Indonesia

2021 ◽  
Vol 1 (1) ◽  
pp. 6-9
Author(s):  
◽  
Ema Sulisnaningrum
Keyword(s):  
Economic Growth ◽  
Informal Sector ◽  
Government Spending ◽  
Small And Medium Enterprises ◽  
Moving Average ◽  
Government Expenditure ◽  
Secondary Data ◽  
Net Exports ◽  
Medium Enterprises ◽  
The Impact

This research studies investment, consumption, government spending, and net exports on economic growth in Indonesia. This study uses secondary data from world banks and processed regression using the moving average autoregression method. We find that consumption, government expenditure, net exports are the backbone of the economy, which shows that the Indonesian economy relies on the informal sector or micro, small and medium enterprises.

scholarly journals Las mipymes mexicanas y el régimen de incorporación fiscal: un análisis de la reforma fiscal 2014

Oikos ◽  
2015 ◽  
Vol 18 (38) ◽  
pp. 63
Author(s):  
María Lourdes López López ◽  
María Consuelo González Pérez ◽  
Mónica Liliana Rivera Obregón
Keyword(s):  
Public Policy ◽  
Social Protection ◽  
Small And Medium Enterprises ◽  
High Impact ◽  
Tax Rate ◽  
Political Project ◽  
Fiscal Regime ◽  
Medium Enterprises ◽  
The Impact

RESUMENEl analizar la nueva imposición fiscal y los efectos de un régimen que entró en vigor en México a partir del 01 de enero de 2014, aplicado a las empresas, contrae un compromiso; colocar en el escenario las repercusiones de esta en las micros, pequeñas y medianas empresas (mipymes). Se pretende visualizar el acontecimiento de un proyecto político de incorporación de contribuyentes a la formalidad. El objetivo es analizar los mecanismos de inclusión y protección social que garanticen a los mexicanos un nivel de vida digno. El método de investigación mixto permitió conocer el sentir de los empresarios en cuanto a las nuevas disposiciones fiscales. El resultado de la investigación tieneun alto impacto en la cultura empresarial y fiscal.Palabras clave: México, políticas públicas, régimen de incorporación fiscal, mipymes y reforma fiscal.The mexican mipymes and incorporation fiscal regime: ananalysis of the 2014 tax reformABSTRACTAnalyzing the new tax rate and the effects of a regime that came into force in Mexico from January 1, 2014, applied to companies makes a commitment; put on stage the impact of this on micro,small and medium enterprises (mipymes). It is intended to display the event of a political project to incorporate taxpayers to formality. The objective is to analyze the mechanisms of inclusion and social protection guaranteeing Mexicans a decent standard of living.allowed to know the feel of employers about the new tax provisions. The result of research has a high impact on business and tax culture.Keywords: México, public policy, fiscal regime incorporation, mipymes and tax reform.As mipymes mexicanas e oregime de incorporação fiscal: Umaanálise da reforma fiscal 2014RESUMOAnalisando-se a nova taxa de imposto e os efeitos de um regime que entrou em vigor no México a partir de 01 de janeiro de 2014, aplicado a empresa, contrai um compromisso; colocar no cenárioas repercussões de esta, nas micro, pequenas e médias empresas (mipymes). Pretende-se visualizar o acontecimento de um projeto político de incorporação de contribuintes para a formalidade. Oobjetivo é analisar os mecanismos de inclusão e proteção social que garanta aos mexicanos um padrão de vida digna. O método de investigação misto permitiu conhecer o sentir dos empresáriossobre as novas disposições fiscais. O resultado da pesquisa tem um grande impacto na cultura empresarial e fiscal.Palavras-chave: México, políticas públicas, regime de incorporação fiscal, mis pipymes e reformatributáriaLas mipymes mexicanas y el régimen de incorporaciónfiscal: un análisis de la reforma fiscal 2014The mexican mipymes and incorporation fiscal regime: ananalysis of the 2014 tax reformAs mipymes mexicanas e oregime de incorporação fiscal: Umaanálise da reforma fiscal 2014

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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