scholarly journals Bays International Private Limited: Evolving Through Market Dynamics

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Saad Jamal Farooqui ◽  
Jawaid Qureshi ◽  
Madiha Zeeshan ◽  
Kamran Ahmed Soomro
Keyword(s):  
Employee Turnover ◽  
Consumer Preferences ◽  
Market Price ◽  
Cash Flows ◽  
Pertinent Literature ◽  
Political Situation ◽  
Global Brands ◽  
Urban Markets ◽  
Cosmetic Industry ◽  
The Government

Bays International was incorporated in 1996. Over the years it faced numerous challenges including: high employee turnover (particulary saleforce), limited expansion capabilities, low penetration in semi-urban markets, high operating expenses like rentals, increasing duties (on luxury products), low cash-flows, low budgets for advertising and marketing as compared to competitors, less awareness amongst consumers, volatile consumer preferences (especially by millennial), weak brands’ loyalties, counterfeits/fake products, smuggling and infiltration from grey channels, high number of foreign and local chains entering the market, price war especially with local chains, and uncertain political situation. Four interviews were conducted from management and two interviews from ex employees. Moreover, a lot of open access documents of the company were reviewed. Pertinent literature reveiew also revealed interesting insights about emerging consumer trends and cosmetic industry along with interviews of some marketing directors of leading global brands. The Bays leadership believes that key parameters are improving over time. The case covers how the company maneuvered itself since its inception and launched numerous other brands targeted towards different segments of the society, in order to steer towards growth in changing internal and external environment. The case is based on a scenario when there is yet another increase of taxes by the government in 2019 and presents troublesome situations to branding cum marketing strategy for the company to consider.

scholarly journals Managing the UK National Debt 1694–2018

2020 ◽  
Vol 12 (3) ◽  
pp. 227-257
Author(s):  
Martin Ellison ◽  
Andrew Scott
Keyword(s):  
Market Price ◽  
Cash Flows ◽  
Debt Management ◽  
Cost Of Debt ◽  
Substantial Cost ◽  
Operational Risks ◽  
The Government ◽  
Individual Bond ◽  
The Uk ◽  
The Cost

We examine UK debt management using a new monthly dataset on the quantity and market price of every individual bond issued by the government since 1694. Our bond-by-bond dataset identifies variations in the market value of debt and so captures investors’ one-period holding returns, which is the cost of debt management in the government’s intertemporal budget constraint. We find a substantial cost advantage in favor of issuing short bonds, even when considering some of the operational risks implied by cash flows and gross redemptions. (JEL F34, G15, H63, N23, N24, N43, N44)

Development land valuation accuracy in China – a case study of Beijing

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mengmeng Dou ◽  
Lesley Anne Hemphill ◽  
Lay Cheng Lim
Keyword(s):  
Market Price ◽  
Market Dynamics ◽  
Industrial Land ◽  
Content Type ◽  
Industrial Market ◽  
Transaction Prices ◽  
Land Valuation ◽  
Market Transaction ◽  
The Government ◽  
Practical Implications

PurposeThe paper aims to quantitatively investigate vacant industrial land valuation accuracy in China, given the importance of the industrial market as an underlying pillar to promote urban growth especially in emerging economies.Design/methodology/approachIn China, the government formulates a Land Benchmark Price (LBP) to serve as a price reference point to sell land rights. To gain an in-depth understanding of the valuation practice by LBP, this paper uses correlation analysis to investigate the varying dynamics between the transaction-based prices and LBP appraisal-based estimates. Furthermore, a margin of error examination investigates the distortion in LBP land appraisals, with an amended LBP presented to improve the accuracy of the current LBP method.FindingsDifferent influencing factors are identified to impact the actual market transaction prices and the LBP construction, leading to a large discrepancy in industrial land appraisals. A systematic problem is recognised that the construction of the LBP follows urban bid curve theory, whereas the land transaction prices do not, demonstrating that an urgent LBP update is needed to capture the market dynamics for industrial market.Practical implicationsThe paper sets out discrepancies in valuation accuracy surrounding the application of the LBP valuation approach in China. This has practical implications for valuers in terms of raising their awareness of the deficiencies in the approach and the pitfalls they need to guard against in their appraisals. It also has implications for developers and investors who rely on valuer appraisals to assess the viability of land purchases; hence, they need to express caution in the appraisal advice sought. Finally, the results demonstrate to the standard setters how they need to modify the LBP equations to better capture market dynamics.Originality/valueThe paper examines valuation accuracy in transitional economies, through valuation differentials between appraised price and the transacted price. The value of the work lies in the analysis of the fundamental differentials between market price and appraised value, which is of importance to investors/developers, practicing valuers, as well as government officials responsible for setting the valuation standards.

GASB No. 34's Governmental Financial Reporting Model: Evidence on Its Information Relevance

2007 ◽  
Vol 82 (1) ◽  
pp. 205-240 ◽  
Author(s):  
Elizabeth Plummer ◽  
Paul D. Hutchison ◽  
Terry K. Patton
Keyword(s):  
School Districts ◽  
Financial Reporting ◽  
Default Risk ◽  
Balance Sheet ◽  
Cash Flows ◽  
Working Capital ◽  
Information Relevance ◽  
Net Assets ◽  
Accrual Basis ◽  
The Government

This study uses a sample of 530 Texas school districts to investigate the information relevance of governmental financial statements published under Governmental Accounting Standards Board Statement No. 34 (GASB No. 34). Specifically, we examine whether the new government-wide statements provide information relevant for assessing a government's default risk, and if this information is incremental to that provided by the governmental funds statements. GASB No. 34 requires governments to publish governmental funds statements prepared on a modified accrual basis, and government-wide statements prepared on an accrual basis. We find that GASB No. 34's Statement of Net Assets (similar to a corporation's balance sheet) provides information relevant for assessing default risk, and this information is incremental to that provided by the governmental funds statements. However, GASB No. 34's Statement of Activities (similar to a corporation's income statement) does not provide information relevant for assessing default risk. The accrual “earnings” measure is not more informative than the modified-accrual “earnings” measure. A government's modified accrual earnings measure can be thought of as a type of measure of changes in working capital. Therefore, our results are consistent with research on corporate entities that attributes the superiority of earnings over cash flows primarily to working capital accruals and not long-term accruals. For our sample of school districts, evidence suggests that total net assets from the government-wide Statement of Net Assets, along with a measure of modified-accrual “earnings” from the governmental funds statement, provide the best information for explaining default risk.

From Vulnerable Health Habitus to Tough Health Habitus Against Covid-19 in Inang-Inang at The Traditional Markets in Medan, Indonesia

2021 ◽  
Vol 12 (1) ◽  
pp. 111-111
Author(s):  
Hadriana Marhaeni Munthe ◽  
Lina Sudarwati
Keyword(s):  
Family Members ◽  
Economic Resilience ◽  
Health Security ◽  
Traditional Markets ◽  
Urban Markets ◽  
The People ◽  
Traditional Market ◽  
Strategic Role ◽  
The Government

The term, 'inang-inang pasar' is referred to Bataknese market female vendors who sell basic commodities in the traditional urban markets. They have the image of hard working and tough vendors who fight against poverty in towns. Their activities as vendors in traditional markets indicate their strategic role of women as the agents of economic resilience and the agents of health security in their families. Here, their toughness in supporting their families by being vendors at Sembada traditional market, Medan. However, their toughness becomes a dilemma caused by Covid-19 pandemic. In this case, the government implement prokes (health protocol) from 3Ms to 5 Ms (wearing masks, washing hands, doing social distancing, avoiding crowd, and staying home), including in the area of the traditional markets where they sell their merchandise. The Prokes of Covid-19 in traditional markets have caused various responses from them. The reality is that they have not been ready to practice the policy on this 5 M Prokes since most of them lack of awareness of adhering to it due to the vulnerable of their health habitus. It seems that they can become the carriers and local transmitters of Covid-19. This situation worsens their condition and the people surrounding them such as their own family members. Keywords: Habitus, Covid-19, Inang-Inang, Traditional Market

scholarly journals Assessing the Opportunity Cost of Carbon Stock Caused by Land-Use Changes in Taiwan

Land ◽  
2021 ◽  
Vol 10 (11) ◽  
pp. 1240
Author(s):  
Ming-Yun Chu ◽  
Wan-Yu Liu
Keyword(s):  
Climate Change ◽  
Land Use ◽  
Carbon Storage ◽  
Carbon Emissions ◽  
Opportunity Cost ◽  
Carbon Stock ◽  
Agricultural Land ◽  
Land Use Changes ◽  
Market Price ◽  
The Government

As compared with conventional approaches for reducing carbon emissions, the strategies of reducing emissions from deforestations and forest degradation (REDD) can greatly reduce costs. Hence, the United Nations Framework Convention on Climate Change regards the REDD strategies as a crucial approach to mitigate climate change. To respond to climate change, Taiwan passed the Greenhouse Gas Reduction and Management Act to control the emissions of greenhouse gases. In 2021, the Taiwan government has announced that it will achieve the carbon neutrality target by 2050. Accordingly, starting with focusing on the carbon sink, the REDD strategies have been considered a recognized and feasible strategy in Taiwan. This study analyzed the net present value and carbon storage for various land-use types to estimate the carbon stock and opportunity cost of land-use changes. When the change of agricultural land to artificial forests generated carbon stock, the opportunity cost of carbon stock was negative. Contrarily, restoring artificial forests (which refer to a kind of forest that is formed through artificial planting, cultivation, and conservation) to agricultural land would generate carbon emissions, but create additional income. Since the opportunity cost of carbon storage needs to be lower than the carbon market price so that landlords have incentives to conduct REDD+, the outcomes of this study can provide a reference for the government to set an appropriate subsidy or price for carbon sinks. It is suggested that the government should offer sufficient incentives to reforest collapsed land, and implement interventions, promote carbon trading policies, or regulate the development of agricultural land so as to maintain artificial broadleaf forests for increased carbon storage.

scholarly journals Sytuacja Kościoła katolickiego w Królestwie Polskim po Rewolucji 1905 r.

2005 ◽  
Vol 48 (1-2) ◽  
pp. 157-184
Author(s):  
Witold Jemielity
Keyword(s):  
Catholic Church ◽  
Church History ◽  
Russian Language ◽  
Political Freedom ◽  
Political Situation ◽  
Church Building ◽  
The Government ◽  
The Russian Empire ◽  
New Situation ◽  
The Catholic Church

Three periods could be observed in the Congress Kingdom of Poland considerable political freedom until November uprising, severe restrictions for the citizens after 1831, and unification with the Russian Empire after January uprising. During each of these periods the Catholic Church experienced new situation, however the second half of the century happened to be the hardest. 1905 was the turning-point in tsar’s policy in which political situation in the country had considerable contribution. The government made two important concessions: both languages Russian and Polish could be used as official ones, and, on 17/30 of April the so called tolerant ukase was issued that concerned religious matters. The Catholic Church in the Congress Kingdom of Poland gained more freedom. The Author of the following work showed this in the separate fields of work connected with ministering to a parish such as: keeping files of records, priests’ dwellings, appointing and moving priests, bishop’s inspections, church processions, parish indulgences, change of the parish boundaries, church building, retreats and Congregations of the clergy, the Pope’s jubilee, contacts with Rome, convents, Greek Catholics, wayside crosses, Russian language in church institutions, religion lessons at schools, voting to the Russian Parliament, the tsar and social matters. The Author has been dealing with the problem of Church history in the Congress Kingdom of Poland for many years. The present work summarizes the settlements the author has obtained hitherto and especially pays attention to changes that occurred after the year 1905.

scholarly journals PENGARUH MODAL USAHA DAN LAMA MELAUT, TERHADAP HARGA JUAL IKAN PADA PASAR TRADISIONAL SANGGENG MANOKWARI

2019 ◽  
Vol 2 (2) ◽  
pp. 407
Author(s):  
Sarce Babra Awom
Keyword(s):  
Venture Capital ◽  
Market Price ◽  
Primary Data ◽  
P Value ◽  
Selling Price ◽  
Time Work ◽  
Long Time ◽  
The Government ◽  
Collection Methods

The purpose of this study was to measure the effect of venture capital (X1)  and the long time at sea /time work hours (X2) for the offer price of fish (Y) in the tradisional sanggeng market manokwari, with 73 respondents chosen randomly and consisted of sellers and buyers in the sanggeng market. Data  collection  methods are done through interviews,  (primary data)  with a questionnaire and then  carried out  a questionnaire  test  and test the quality of the data, and then analyzed uiple linear regression. The result of research simultan eously or statistically partial variables X1 (venture capital) and variable X2 (long sea)  significantly influence the higt selling price of fish (variable y) in the manokwari sanggeng market  because the value of p. Value (0,000)<(0.05) sig (5%.) so it can be concluded that when fish traders increase capital by 1% the price of fish in the market rises by 13,5% and also when a long time to go to sea increases 1 day than the price of fish increases by  33.900,00. The government needs to control high (expensive) fish prices in the market by activating an inflation control team that continues to monitor the market price (specifically) of the fisheries sector.

scholarly journals The Russian Political Elite in the Context of Modern Political Development

2020 ◽  
Vol 6 (3) ◽  
pp. 85-91
Author(s):  
M.Yu. Martynova ◽  
◽  
D.M. Feoktistova ◽  
◽  
Keyword(s):  
Decision Making ◽  
Political Development ◽  
Political Elite ◽  
The Political ◽  
Political Decision ◽  
Public Discussion ◽  
State Institutions ◽  
Political Situation ◽  
The Government ◽  
Political Decision Making

the author analyzes the problems of the activity and development of the political elite. The current political situation in Russia puts forward new requirements for the functioning of the management system of state institutions and determines the need for professionally trained, highly moral personnel of the modern political elite. The paper considers the possibility of introducing modern and progressive mechanisms of interaction between the government and society – crowdsourcing, which involves the wide involvement of citizens with an active civic position and public associations in the process of public discussion and political decision-making.

ՀՀ տնտեսության պարտքային անվտանգության խնդիրները Արցախյան պատերազմի համատեքստում

2021 ◽  
pp. 181-188
Author(s):  
Ani Grigoryan
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
External Debt ◽  
Military Operations ◽  
Economic Problems ◽  
Political Situation ◽  
Debt Burden ◽  
Military Expenditures ◽  
The Republic ◽  
The Government

The 2020 began with the Coronavirus crisis and ended with the Artsakh war, causing both financial and human losses. An extremely difficult economic and political situation was created for the Republic of Armenia. The volume of military expenditures, which is expenditure priority due to military operations, has increased by about 40 billion drams in the current year. The epidemic restrictions reduced tax revenues by about 113 billion drams. The purpose of this article is to reveal the challenges that Armenia has been facing, due to the epidemic and the Artsakh war, substantiating the approach, that the above-mentioned instabilities will inevitably lead to a violation of the logic of the planned economic growth. During the research, the indicators of the government debt-to-GDP ratio of different years were calculated by the method of quantitative analysis, which show the amount of the debt burden. As a result of the research we came to the conclusion that the economic problems will lead to an increase in the budget deficit. And the lack of the resources to finance the latter will make it inevitable for the Republic of Armenia to attract new external public debt, which will increase the already heavy external public debt burden of the RA. Considering the above-mentioned issues as a priority, this article aims to study the dynamics of the external debt obligations of the RA economy during the difficult economic and political period for the Republic of Armenia.

ENTREPRENEURS OF THE CENTRAL BLACK EARTH REGION IN 1917 - EARLY 1918

2021 ◽  
pp. 82-88
Author(s):  
Mikhail E. Razinkov
Keyword(s):  
Balance Of Power ◽  
The Self ◽  
Political Life ◽  
Self Organization ◽  
The Political ◽  
Mutual Benefit ◽  
Soviet Government ◽  
Political Situation ◽  
The Government ◽  
Soviet Historiography

On the basis of published and previously unexplored archival materials from Voronezh, Orel, Kursk, Tambov, Bryansk, the self-organization and relationship with the government of entrepreneurs of the Central Black Earth Region in the period from spring 1917 to summer 1918 is studied. Studying this social group is important for understanding the balance of power in the region. The author comes to the conclusion that entrepreneurs, despite their active participation in political life in the spring and summer of 1917, due to the preservation of traditional ideas about power and the desire to protect and enhance their rights, could not have a significant impact on the development of the political situation in the region. Entrepreneurs did not enjoy exclusive support from government bodies, including government, which refutes the concept that existed in Soviet historiography about the bourgeois nature of the February regime. Moreover, in resolving conflicts, the authorities in 1917 tried to take into account, first of all, the interests of workers. This situation worsened even more for the bourgeoisie with the coming to power of the Bolsheviks and Left Socialist-Revolutionaries, who not only supported workers&#x27; demands, but also openly robbed entrepreneurs with the help of indemnities. Nevertheless, in order to maintain peace, the Soviet government (especially by the summer of 1918) tried to resolve relations between workers and employers for mutual benefit. At the same time, during the period under study, conflicts between workers and employers reached a high intensity relatively rarely, leaving room for agreements and dialogue, which, however, narrowed.

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