scholarly journals Problems of Increasing Public Confidence in Russian Banks in the Sociological Dimension (Part 1)

2020 ◽  
Vol 8 (2) ◽  
pp. 69-85
Author(s):  
Evgeny Ya. Vittenderg
Keyword(s):  
Monetary Policy ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Banking System ◽  
Public Confidence ◽  
National Bureau ◽  
Banking Community ◽  
The Russian Federation ◽  
Russian Bank ◽  
Medium Enterprises

The empirical basis for writing this article is based on three sociological researches of Institute of Sociology of FCTAS RAS made by order and with financial support from the Central Bank of the Russian Federation (Bank of Russia), National Bureau of credit histories (NBCH) and the Russian Bank of support of small and medium enterprises (SME Bank) in 2013, 2015 and 2019, that is, before the crisis, in the midst of crisis and in the early post-crisis period. All three studies were initiated by the Association of Russian banks (ARB). Considerable attention is paid to the analysis of assessments of the Central Bank’s monetary policy in public opinion at various historical stages and its impact on the level of public confidence in the banking system as a whole. The article analyzes objective and subjective reasons that negatively affect the level of public confidence in banks. Among them, the problems of reducing the living standards of the population, mass revocation of licenses from commercial banks, falling investment attractiveness of storing funds by individuals in banks, etc. are analyzed. In conclusion, the first part of the article provides recommendations based on the results of the study to restore and strengthen public confidence in banks through a more responsible and flexible monetary policy, increase the transparency of the banking community and expand information about its activities, promote financial literacy, systematic sociological monitoring of the population’s attitude to banks and scientific and practical understanding of its results.

scholarly journals Problems of Increasing Public Confidence in Russian Banks in the Sociological Dimension. Part II

2020 ◽  
Vol 8 (3) ◽  
pp. 63-76
Author(s):  
Evgeniy Ya. Vittenderg
Keyword(s):  
Monetary Policy ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Banking System ◽  
Public Confidence ◽  
National Bureau ◽  
Banking Community ◽  
The Russian Federation ◽  
Russian Bank ◽  
Medium Enterprises

The empirical basis for writing this article is based on three sociological researches of Institute of Sociology of FCTAS RAS made by order and with financial support from the Central Bank of the Russian Federation (Bank of Russia), National Bureau of credit histories (NBCH) and the Russian Bank of support of small and medium enterprises (SME Bank) in 2013, 2015 and 2019, that is, before the crisis, in the midst of crisis and in the early post-crisis period. All three studies were initiated by the Association of Russian banks (ARB). Considerable attention is paid to the analysis of assessments of the Central Bank’s monetary policy in public opinion at various historical stages and its impact on the level of public confidence in the banking system as a whole. The article analyzes objective and subjective reasons that negatively affect the level of public confidence in banks. Among them, the problems of reducing the living standards of the population, mass revocation of licenses from commercial banks, falling investment attractiveness of storing funds by individuals in banks, etc. are analyzed. In conclusion, the first part of the article provides recommendations based on the results of the study to restore and strengthen public confidence in banks through a more responsible and flexible monetary policy, increase the transparency of the banking community and expand information about its activities, promote financial literacy, systematic sociological monitoring of the population’s attitude to banks and scientific and practical understanding of its results.

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 MODERN PROBLEMS OF MICROFINANCE OF SMALL AND MEDIUM ENTERPRISES UNDER RUSSIAN CONDITIONS

2020 ◽  
pp. 12-16
Author(s):  
Н. Л. Баламирзоев ◽  
Н. С. Суракатов
Keyword(s):  
Russian Federation ◽  
Small And Medium Enterprises ◽  
European Countries ◽  
Foreign Experience ◽  
The Russian Federation ◽  
Medium Enterprises

В статье рассмотрены особенности микрофинансирования малых и средних предприятий. Особое внимание уделено зарубежному опыту микрофинансирования в ведущих европейских странах, США и Китае. Также в статье обозначены проблемы, которые препятствуют активному использованию преимуществ микрофинансирования в Российской Федерации. The article discusses the features of microfinancing of small and medium enterprises. Particular attention is paid to foreign experience in microfinancing in leading European countries, USA and China. The article also identifies problems that hinder the active use of the benefits of microfinance in the Russian Federation.

scholarly journals The effect of financial literacy towards financial inclusion through financial training

2019 ◽  
Vol 3 (1) ◽  
pp. 186-192
Author(s):  
Amram Rohi Bire ◽  
Heni Matelda Sauw ◽  
Maria
Keyword(s):  
Financial Literacy ◽  
Financial Training ◽  
Small And Medium Enterprises ◽  
Financial Inclusion ◽  
Analysis Technique ◽  
The Future ◽  
Indirect Relationship ◽  
Medium Enterprises ◽  
The Relationship

The current study aimed to describe the influence of financial literacy on financial inclusion that mediated by financial training. It focused on Micro, Small, and Medium Enterprises (MSMEs). Respondents in the study were 54 respondents that were taken from 119 MSMEs in Kupang city, Indonesia. The analysis applied path analysis technique. It was to determine the direct or indirect relationship with SPSS Version 20. Analysis results have shown that financial literacy has got a direct and significant impact on financial inclusion. Its contribution to financial training is 33%. In the other side, the contribution of financial literacy towards inclusion is 32%.  Furthermore, financial training has mediated the relationship between financial literacy and financial inclusion. The presentation is 11%. This phenomenon shows that in the future, it is necessary to increase the frequency of financial training for MSMEs actors in Kupang city, Indonesia. The training has to be conducted to increase financial inclusion in understanding the knowledge of the financial product. Since the current study only examined financial literacy, financial inclusion, and financial training, it is suggested that the future researches may examine other aspects such as transparency, accountability, and quality of financial statements.

Small and Medium-Sized Enterprises in the Russian Federation: Regularities of Spatial Distribution

2020 ◽  
Vol 10 (2) ◽  
pp. 640
Author(s):  
Julia Semenovna PINKOVETSKAYA ◽  
Svetlana Nikolayevna MELIKSETYAN ◽  
Albert Valentinovich PAVLYUK ◽  
Natalya Nikolayevna LIPATOVA ◽  
Ilmir Vilovich NUSRATULLIN
Keyword(s):  
Normal Distribution ◽  
Russian Federation ◽  
Small And Medium Enterprises ◽  
Kolmogorov Smirnov ◽  
The Russian Federation ◽  
Business Entities ◽  
Quality Of Approximation ◽  
Infrastructural Support ◽  
Medium Enterprises ◽  
Regions Of Russia

Small and medium-sized business enterprises (SMEs) have been operating in the Russian Federation since 1991. The study is devoted to the development of methods and tools for assessing the current structure of production volumes, the number of employees and the number of small and medium enterprises, as well as individual entrepreneurs through: economic and mathematical modeling; analysis of statistics for all SMEs of each of the regions in Russia; modeling of the weights of small, medium-sized enterprises, individual entrepreneurs in the overall indicators of SMEs and their distribution by regions of Russia is based on the functions of the density of normal distribution. Association of regions of the country with similar indicators is based on cluster analysis using the k-means method. The nine functions of the normal distribution density obtained in the course of the computational experiment have a high quality of approximation of the empirical data, which was confirmed by the Kolmogorov-Smirnov, Pierson and Shapiro-Wilk tests. Clusters have been formed that unite the regions of the country with similar indicators, namely, the specific weights of production, the number of employees and the number of business entities. The results can be used to solve the problems of institutional, financial and infrastructural support for the development of entrepreneurship in the regions of Russia, and the proposed methodology is applicable for studying the activities of territorial aggregates of enterprises of any state.  

A New Model of Small Business Organization

2016 ◽  
Vol 5 (2) ◽  
pp. 17-21
Author(s):  
Жуков ◽  
R. Zhukov
Keyword(s):  
Economic Development ◽  
Russian Federation ◽  
Small And Medium Enterprises ◽  
Business Organization ◽  
Government Action ◽  
Franchise System ◽  
Russian Economy ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Medium Enterprises

In terms of Government action aimed at ensuring sustainable socio-economic development of the Russian Federation in 2016 22 points are devoted to the situation of small and medium enterprises. However, funding is one-sided. In this connection, the necessity of creation of the state franchise system is justified. A sequence of implementation and the effects of state franchise system on the Russian economy is considered.

scholarly journals VICTORY TO THE METHOD OF INDICATIVE PLANNING IN THE SYSTEM OF INVESTMENT CREDITING OF ENTERPRISES

2020 ◽  
Author(s):  
Lydiadia Kostirko ◽  
◽  
Alexander Rоzmyslov ◽  
Keyword(s):  
Commercial Banks ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Banking System ◽  
Financial Resources ◽  
Natural State ◽  
Main Task ◽  
Labor Costs ◽  
Investment Activity ◽  
Medium Enterprises

A necessary component of investment activity is the process of accumulating the necessary funds to finance investments. The natural state of limited internal own funds of the enterprise requires the attraction of additional (external) financing in the form of loans and borrowings. Investment lending is a promising area of activity of banks, the main task of which is the allocation of financial resources for the for-mation and development of production. Solving the problem of investment lending as a real sector of the economy pursues two goals: stabilization of the banking system in the rational allocation of financial resources and economic recovery through strengthening the position of commercial banks and small and medium enterprises (by attracting credit resources). Therefore, commercial banks engaged in investment lending should constantly and carefully study and analyze the condition of partner banks, both those with whom they are already working and those who are potential partners. The essence of the normative method of planning is to use a set of norms and standards when calculating the indicators of the indicative plan. The norm is the absolute value of the maximum allowable amount of material resources (ie, raw materials, fuel), as well as the cost of living labor for the manufacture of a unit of production. Standard – a relative indicator that characterizes the degree of use of tools, objects of labor, living labor costs. Norms and standards of consumption of paid services is a system of estimating the level of consumption by one person of certain types of services, which is based on scientifically based calculations of rational consumption. At the same time, in order to make specific decisions of the bank, it is necessary to be guided by a pre-thought-out strategy based on the "goal tree" and the system of plans of a commercial bank. In tactical terms, the main standard solutions can be provided in the credit policy of the bank for the period corresponding to the term of the project. At the same time, in the world economic literature, the standard deviation is called risk and is one of the most common absolute indicators of risk measurement.

scholarly journals Digital Platform on Small and Medium Enterprises in Pandemic Era

2021 ◽  
Author(s):  
Jeftha Offel Arilony
Keyword(s):  
Qualitative Research ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Case Study Approach ◽  
Assistance Programs ◽  
Study Approach ◽  
Digital Era ◽  
Good Corporate Governance ◽  
Medium Enterprises

During the Covid-19 pandemic, companies must use the latest business platforms and technology. However, there are still many companies that have not been able to keep up with the latest business trends. In transforming the digital era, many companies apply the values of good corporate governance to avoid threats and risks of failure. To understand this problem further, a qualitative research was conducted using a case study approach. The analysis carried out focuses on efforts to foster MSMEs that have a contribution to improving the Indonesian economy. This study found that credit, training and assistance programs for MSMEs were still not able to strengthen the position of SMEs but increase the index of financial literacy and inclusion to accelerate income distribution in Indonesia.

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