scholarly journals Corporate failure: Bankruptcy prediction for Italian SMEs based on a longitudinal case study from 2000 to 2011

2020 ◽  
Vol 17 (3) ◽  
pp. 27-33
Author(s):  
Francesca di Donato ◽  
Luciano Nieddu
Keyword(s):  
Bankruptcy Prediction ◽  
Financial Statement ◽  
Credit System ◽  
Longitudinal Case Study ◽  
Corporate Failure ◽  
Italian Case ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
A Company

We investigate the case of Small-Medium Enterprises (SMEs) in Italy trying to understand if key performance indicators obtained from the financial statement are able to predict possible distress in a company with enough time to take some corrective actions. In order to test the hypotheses, a nonparametric supervised classification algorithm has been applied to a random sample of 100 non-listed SMEs, considering 50 companies that filed for bankruptcy during the period 2000-2011 and 50 companies still active on the market at the end of 2011. Results describe the Italian picture for SMEs during an economic crisis period. They show that, for the Italian case, it is possible to predict with enough time (4-5 years prior to failure) a distress situation in a firm through classification methods. Anyway, these methods are not predicting the health of a company but the possibility of the firm to access the credit system. The results are limited to the Italian SMEs context which is quite particular if compared with other countries in Europe. The dataset is limited in size but has been chosen to be representative of non-listed Italian companies.

scholarly journals Performance measurement system using performance prism approach in batik company: a case study

2021 ◽  
Vol 5 (1) ◽  
pp. 43-52
Author(s):  
Vembri Noor Helia ◽  
Wahyudhi Sutrisno ◽  
Afriza Syawal Zaputra ◽  
Qurtubi Qurtubi
Keyword(s):  
Performance Measurement ◽  
Performance Appraisal ◽  
Measurement System ◽  
Performance Measurement System ◽  
Company Performance ◽  
Community Capital ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
A Company

XYZ company is one of the small-medium enterprises (SME) engaged in the batik industry with the main focus on making muslim clothes made from printed batik and batik. The company cannot evaluate the cause of the turnover decrease because no performance measurement has been applied. Therefore, a company performance measurement is carried out using the performance prism approach because a company performance appraisal is needed stakeholder contributions using the performance prism approach.  Stakeholders of this company are consumers, employees, community, capital owners, and suppliers. Supporting the performance prism frame­work, the AHP method was used to determine the weighting and hierarchical structure and then carried out a scoring system with the help of OMAX to determine the company's actual score. This design shows that corporate stakeholders, including owners, consumers, employees, suppliers, and the surrounding community, obtained as many as 34 KPIs. From the implementation of the performance measurement system with OMAX scoring obtained the value of company performance based on satisfaction aspects (6.489), contri­bution aspect (6.582), and capability aspect (5.646).  Recommen­dations are also given to improve it.

The application of E-commerce among small medium enterprises : a case study in Kelantan

2007 ◽  
Vol 4 (2) ◽  
pp. 45
Author(s):  
Norudin Mansor ◽  
Che Ismail Long ◽  
Ahmad Ismail Mohd. Annuar
Keyword(s):  
Competitive Advantage ◽  
General Assumption ◽  
The State ◽  
Business Community ◽  
Research Project ◽  
Business Decision ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The research project was conducted to investigate the understanding of E-commerce Application among the SMEs in the state of Kelantan. Focusing on the population of registered members of Dewan Perniagaan Melayu Malaysia, Kelantan, a total of302 respondents were selected to participate in our study. Moving in line with the general assumption of world business community it is agreed that e-commerce application is highly relevant for the survival and meeting the challenges of borderless economy. At the same time, the process of acquiring knowledge and understanding the environment, coping with changes, and speeding up the business decision, able to further enhance the competitive advantage of the SMEs. Using the established model, our investigation focused on 5 identifiable variables to demonstrate its usefulness towards motivating SMEs to adopt e-commerce. Our analysis indicated that all the selected variables were significant towards enhancing the application of e-commerce and thus maintaining competitive advantage in the industry.

scholarly journals IT Governance Analysis and Design of Microfinance Institution Using COBIT 5 Framework Evaluate, Direct, Monitor (EDM) and Align, Plan, and Organize (APO) Domains (Case Study: PT Sarana Jabar Ventura)

2017 ◽  
Vol 1 (01) ◽  
pp. 1-6
Author(s):  
Fernaldi Jonathan ◽  
Rahmat Mulyana ◽  
Yuli Adam Prasetyo
Keyword(s):  
Early Stage ◽  
It Governance ◽  
Financial Service Authority ◽  
Analysis And Design ◽  
Governance Analysis ◽  
Microfinance Institution ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Near Future ◽  
A Company

A microfinance institute (LKM/ Lembaga Keuangan Mikro) is a company that focuses in providing funds to small, early-stage, and emerging firms or small medium enterprises. A company that is engaged in financial sector and works under the surveillance of OJK/ FSA (Financial Service Authority) always has some questions whether this company really needs to implement IT Governance best practices or to what extent it does. The research in PT Sarana Jabar Ventura as one of the microfinance institutes using COBIT 5 framework for the domain of EDM (Evaluate-Direct-Monitor) & APO (Align-Plan-Organize) has shown that the existing practice is not adequate enough to align the business to IT and to manage its risk optimally so the IT solution will be beneficial for the business. Therefore, it is necessary to design the IT governance practice here, based on the seven enablers of COBIT 5 which are categorized into 3 aspects: process, people, and technology. The results of this research are design recommendations as follows: IT policy, procedures, organization structure, job description and the supporting tools and technology. It is expected that the company will implement the results in the near future. Keywords—COBIT 5, IT governance, microfinance institution

Implementing CRM Systems

2011 ◽  
pp. 76-92
Author(s):  
Bendik Bygstad
Keyword(s):  
Research Literature ◽  
Customer Relationship ◽  
Research Approach ◽  
Longitudinal Case Study ◽  
Thick Description ◽  
Marketing Process ◽  
The Social ◽  
Management Techniques ◽  
A Company

Many companies have large expectations of the use of Customer Relationship Management (CRM) systems, expecting to harvest benefits from dialogue marketing and internal knowledge synergies. How should these systems be implemented? And how easy do the benefits come? The research approach is a longitudinal, six-year case study of a company implementing CRM both as a marketing principle and as an information system. The implementation was, from the outset, regarded as an organizational experiment, and the case is laid out in some detail to provide a somewhat “thick description” of the social setting and actors’ behavior. The high failure rate of CRM projects illustrates the gap between our intentions and outcomes. Interpreting a longitudinal case study and the research literature, we find two options to improve our practice. From a managerial view, we should treat CRM projects as complex challenges, needing tight project control and the application of change management techniques, focusing on the marketing process and data quality. In contrast, we could accept that the mechanisms at work at the micro level are only partly controllable by management techniques, and we should let the infrastructure grow organically.

Adopting a digital transformation strategy to enhance business network commons regeneration: an explorative case study

2020 ◽  
Vol 32 (4) ◽  
pp. 561-585
Author(s):  
Alessia Zoppelletto ◽  
Ludovico Bullini Orlandi ◽  
Cecilia Rossignoli
Keyword(s):  
Business Strategy ◽  
Digital Transformation ◽  
Business Networks ◽  
Longitudinal Case Study ◽  
Business Network ◽  
Sustainable Business ◽  
Content Type ◽  
Italian Case ◽  
Transformation Strategy

PurposeThis article aims to understand whether and how a digital transformation strategy (DTS) can strengthen the relationship between network organizations and the generation/regeneration of their business network commons (BNC). Further, it investigates the role of the DTS in managing the BNC, a critical source of business network success.Design/methodology/approachA two-year longitudinal case study of an Italian business network operating in the wine sector was conducted.FindingsThis study provides theoretical insights into the digital, sustainable shift of a business network. On combining a network's business strategy and its DTS, digital resources are a key driver to promote BNC regeneration. A DTS undertaken to manage, regenerate and preserve the BNC can positively affect organizational variables, such as participatory architecture, and the network-level organizational integration and can help in preventing opportunistic behaviors affecting the BNC. Moreover, the DTS supports quality and social responsibility.Research limitations/implicationsThis study focuses on an Italian case and its findings are hence not generalizable. It would be interesting to study sustainable business networks' digital shift in different socioeconomic contexts as well as in different industry settings.Practical implicationsNetwork SMEs and other stakeholders (institutions, competitors and consumers) can foster the transition from a “business-as-usual” strategy to a long-term strategy for digitalized management of common resources.Originality/valueThe study is at the intersection of, and contributes to, several research streams. It contributes to the digital transformation literature by adding information on the positive externalities of digitalization in the social and economic environment. It also contributes to the early streams of organizational and managerial literature on the BNC.

How Can Ceramic Small-Medium Enterprises Access to Finance in China?

2010 ◽  
Vol 177 ◽  
pp. 427-429
Author(s):  
Rong Hui Hua ◽  
Li Wei Zhou
Keyword(s):  
Information Asymmetry ◽  
Social Service ◽  
External Environment ◽  
Credit System ◽  
Access To Finance ◽  
Set Up ◽  
Market Preference ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Finance Department

It is necessary to discover the factors that block small-medium enterprises (SMEs) do financing successful. The paper describes market preference, credit system and social service which affect company doing finance by external environment. Moreover, information asymmetry and weak social service make SMEs do finance hard. The paper gives some suggestions such as set up a new finance department in the company, perfect credit system and social service.

scholarly journals Pemanfaatan Teknologi Informasi dan Komunikasi (TIK) di Tingkat Pemerintahan Desa

2014 ◽  
Vol 17 (2) ◽  
pp. 129-140 ◽  
Author(s):  
Didit Praditya
Keyword(s):  
Central Government ◽  
Business Sector ◽  
Before And After ◽  
Village Government ◽  
Ict Training ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Village

The central government often puts the village as an object, so the utilization of ICT programs only reached district or subdistrict area. Therefore the emergence of movement from villages that use internet, become a lesson that the initiative can be done from the bottom (village). The research was conducted through a case study by performing interviews and observations in Panjalu Village, Subdistrict Panjalu, Distric of Ciamis. Interview guidance is used to find out the condition of the village before and after the utilization of ICT. The result showed that Panjalu Village has held ICT training to the village employees and cadres. The utilization of ICT related to the business sector is quite complete and informative. The available website is used by the village government to promote agricultural, tourist sites, and handicrafts from SME (Small Medium Enterprises). In terms of e-government solution, the utilization of ICT largely are in the information stage, and a little bit are still in the interaction stage. The utilization of ICT in Panjalu Village is used to distribute or disseminate the information regarding the development activities.

SAK-EMKM IMPLEMENTATION of MEDIUM ENTERPRISE FINANCIAL STATEMENT In Salatiga (Case Study of Medium Enterprise XZY in Salatiga)

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Regina Aurellia Putri ◽  
Paskah Ika Nugroho
Keyword(s):  
Business Performance ◽  
Small And Medium Enterprises ◽  
Financial Accounting ◽  
Financial Statement ◽  
Financial Position ◽  
Income Statement ◽  
Medium Enterprise ◽  
Medium Enterprises ◽  
To Receive

In order to evaluate Business Performance and make Small and Medium Enterprise easier to receive Business Credit Community, Ikatan Akuntan Indonesia (IAI) provides SAK EMKM (Financial Accounting Standards of Micro, Small and Medium Enterprises). SAK EMKM consists of Statement of Financial Position, Income Statement, and Notes to Financial Statement. Object of this research is Charcoal Briquette Producers that is categorized as Medium Enterprise located in in Salatiga. Purpose of this research is to educate and assist EMKM XYZ in arranging financial statement, since owner of this business does not understand what is SAK EMKM and how to apply it.

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