scholarly journals IMPACT of the ECONOMIC CRISIS on Smes (SMALL and MEDIUM-SIZED ENTERPRISES): a GENERAL EVALUATION on Smes in TURKEY

2014 ◽  
Vol 1 (1) ◽  
pp. 169 ◽  
Author(s):  
Oktay Aktürk
Keyword(s):  
Economic Crisis ◽  
Statistical Data ◽  
Negative Impact ◽  
Economic Structure ◽  
Control Mechanisms ◽  
Global Capital ◽  
Country Level ◽  
General Evaluation ◽  
Key Points ◽  
The Impact

Liberalization taking place in the global capital and financial market in recent years and correspondingly the lack of adequate control mechanisms have caused economic crisis at global, regional and country level. While the crises have affected the overall economy, the greatest negative impact has been observed on SMEs. Considering the share of SMEs in total initiatives and employment in worldwide economy, it is seen that they are key points for economies. In this respect, the determination and analysis of the impact of economic crisis on SMEs are very important for a healthy economic development. Starting with this point, in ttis study, especially in the context of recent global crisis, a general assessment on economic crisis has been made and the position of SMEs in the economic structure, the effect of crisis on SMEs has been tried to put forward especially on the basis of Turkey. Several scientific studies and statistical data conducted on SMEs and economic crisis have been examined for this purpose.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

scholarly journals THE IMPACT OF EU STRUCTURAL FUND SUPPORT AND PROBLEMS OF ITS ABSORPTION

2013 ◽  
Vol 11 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Daiva Jurevičienė ◽  
Jūratė Pileckaitė
Keyword(s):  
National Economy ◽  
Direct Investment ◽  
Statistical Data ◽  
Negative Impact ◽  
Structural Fund ◽  
Economic Activities ◽  
Structural Support ◽  
Short Period ◽  
The Impact ◽  
Eu Support

Targeted allocation of EU support in Lithuania can help resolving a number of problems and achieving significant results in a variety of areas. However, rush to absorb support may lead to a little, zero or even negative impact on national economy. In addition, EU support opportunities may distort investment motivation. This paper deals with issues related to the impact of EU support and problems of its absorption. The impact of EU support on the national economy has been established in three areas: attraction of foreign direct investment state investments into capital formation, and experience of companies, which are EU support beneficiaries. The paper proposes using regression analysis in search and evaluation of relations while obtaining more information about programmes, priorities and the impact of structural support on different indicators. In addition, it focuses on ascertaining the effectiveness of governmental and company spending. Furthermore, as companies – EU support beneficiaries – are engaged in different economic activities, their experience cannot be ascertained from statistical data; consequently, findings of an expert survey are presented to demonstrate the experience acquired by business companies as well as problems they face. Limitation of research was a short period of time to evaluate (only four years of the current funding period)

The impact of within-country and within-firm factors on Japanese foreign subsidiary performance during economic crisis

2017 ◽  
Vol 9 (3) ◽  
pp. 190-205 ◽  
Author(s):  
Matheus Baldo Cordeiro ◽  
Mario Henrique Ogasavara ◽  
Gilmar Masiero
Keyword(s):  
Economic Crisis ◽  
Fixed Effects ◽  
Multinational Firms ◽  
Negative Impact ◽  
Foreign Subsidiaries ◽  
Productivity Measurement ◽  
Subsidiary Performance ◽  
Content Type ◽  
Subsidiary Management ◽  
The Impact

Purpose The purpose of this paper is to analyze the relevant aspects that influence foreign subsidiary’s performance and remain how they retain competitiveness in international markets during economic crisis. To investigate this effect, this research analyzes the behavior of Japanese subsidiaries located in European countries during the pre- and post-crisis periods that started in the USA in 2008 and spread all over the world. Design/methodology/approach This is a quantitative study with an analysis based on longitudinal data of foreign subsidiaries of Japanese multinational firms during the period 2006-2013. It applies a multiple linear regression with panel data using fixed effects models. Findings The findings show that within-firm factors related to local experiential knowledge, market entry through joint ventures with partners from the same nationality, and subsidiary management with a team of expatriates all have a positive impact on subsidiary performance during times of economic crisis. Moreover, within-country factors involving macroeconomic aspects related to inflation rate and population income indicators show a negative impact on performance. Finally, the results confirm that subsidiary performance is higher in the pre-crisis period, showing the importance of considering economic crisis aspects in longitudinal studies. Practical implications The result has implications for managers of multinational firms to understand which factors most impact the success of their foreign subsidiaries during times of economic crisis. In this way, managers can, with greater confidence, decide to reach the most important performance indicator in subsidiary management. Originality/value The majority of studies on economic crisis is based on an economic perspective and mostly investigates Asian and Argentinean crises. When considering a firm-level perspective, most research studies conducted on a subsidiary level are cross-sectional or use survival as a measure of performance. This paper applies a longitudinal study using subsidiary-level data and analyzes performance by sales and productivity measurement. In addition, it investigates whether or not within-country and within-firm factors impacted subsidiary performance during the 2008 economic crisis.

scholarly journals The impact of the economic crisis on the mental health of Portuguese primary-school children

2019 ◽  
Vol 29 (Supplement_4) ◽  
Author(s):  
D Costa ◽  
M Cunha ◽  
C Ferreira ◽  
A Gama ◽  
A M N Rodrigues ◽  
...  
Keyword(s):  
Mental Health ◽  
Financial Crisis ◽  
Primary School ◽  
Economic Crisis ◽  
Negative Impact ◽  
Public Health Programs ◽  
School Aged Children ◽  
Related Quality ◽  
Health Related ◽  
The Impact

Abstract Objective To measure the impact of the economic crisis on the mental health correlates of Portuguese children attending primary school during 2016. Methods Cross-sectional analysis of primary school-aged children and their parents (n = 1157), conducted in public and private schools of three Portuguese districts. Parent reports of children mental health symptoms (Strengths and Difficulties Questionnaire - SDQ) and children self-reports of health-related quality of life (KIDSCREEN-27) and depressive, anxiety and stress symptoms (Depression, Anxiety and Stress Scales, Children version - DASS-C), were compared according to a set of yes/no questions on how the economic crisis changed the normal aspects of routine life (e.g. During the financial crisis did you had to use savings? Started buying cheaper food?). Linear regression models were fitted for the SDQ, the KIDSCREEN-27 and the DASS-C as dependent variables adjusted for children sex, socioeconomic status and district of residence. Results Affirmative answers to the crisis impact questions were associated with more frequent psychosocial functioning problems in children, with poorer self-reported health-related quality of life and with more frequent symptoms of depression, anxiety and stress. Conclusions Portuguese children mental health correlates show significant worse scores for those whose parents declared having to change daily routine habits as a result of the recent macroeconomic financial crisis, compared to those who did not change habits. Public Health programs should be developed to mitigate the potential negative impact of the financial crisis to the mental health of children. Key messages A negative impact on children mental health was observed as a result of the economic crisis. Public health programs designed to mitigate the impact of the economic crisis should include primary-school aged children.

The Impact of the Asian Financial Crisis on Foreign Workers in Taiwan

1998 ◽  
Vol 7 (2-3) ◽  
pp. 145-169 ◽  
Author(s):  
Joseph S. Lee
Keyword(s):  
Labor Market ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Construction Projects ◽  
Economic Structure ◽  
Asian Financial Crisis ◽  
Foreign Workers ◽  
Skilled Workers ◽  
The Future ◽  
The Impact

Having experienced an economic crisis earlier, Taiwan was on its way to recovery when the crisis struck in 1997. In general, Taiwan's labor market was hardly affected by the crisis. Although the demand for foreign workers continues, there will be a decline in the employment of foreign workers in the future. The completion of construction projects and the upgrading of the economic structure would imply a lesser demand for foreign workers in the next few years. In the future, while the Taiwanese labor market would be more restrictive of less-skilled workers, it would be more open to professionals and highly skilled.

scholarly journals “Ayudarnos es parte de nuestra cultura”. Estrategias de los migrantes ante la crisis económica: El caso de la población senegalesa en Granada

2017 ◽  
Vol 7 (2) ◽  
pp. 188
Author(s):  
Rosalía López Fernández ◽  
José Manuel Maroto Blanco
Keyword(s):  
Economic Crisis ◽  
Social Vulnerability ◽  
Initial Conditions ◽  
Negative Impact ◽  
Immigrant Population ◽  
Profound Impact ◽  
Public Resources ◽  
Shared Culture ◽  
The Impact ◽  
The City

Los efectos de la crisis económica han tenido un profundo impacto en el conjunto de la población, aunque la repercusión para la población inmigrante extranjera en general se ha visto magnificada por una serie de condiciones de partida que ya los situaban en posiciones de vulnerabilidad social. En este texto se pretende mostrar cómo los inmigrantes senegaleses de la ciudad de Granada han sufrido igualmente los efectos de esta crisis y cómo han puesto en marcha una serie de estrategias, basadas en el sentimiento de una cultura compartida y de una identidad senegalesa, mediante las cuales han hecho frente a la desatención institucional que ha sido justificada principalmente en términos económicos. El análisis de estas estrategias pone de manifiesto la manera en la que el colectivo senegalés afronta la crisis con menores costes sociales y personales, amortiguando el impacto negativo que la reducción de recursos públicos destinados a la atención de la población inmigrante ha tenido.  The effects of the economic crisis have had a profound impact on the whole population, although the impact for the foreign immigrant population has been magnified due to a serie of initial conditions which allocated them in positions of social vulnerability. This text is intended to show how Senegalese immigrants of the city of Granada have also suffered the effects of the economic crisis and how they have developed certain strategies based on the feeling of a shared culture and a Senegalese identity whereby they have faced the crisis and the institutional neglect that has been justified primarily in economic terms. The analysis of the strategies shows how the Senegalese community faces the crisis with the lower social and personal costs, cushioning the negative impact that the reduction of public resources destined to the attention of the immigrant population has had.

scholarly journals Scoring Models and Credit Risk: The Case of Cooperative Banks in Poland

Risks ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 132
Author(s):  
Krzysztof Kil ◽  
Radosław Ciukaj ◽  
Justyna Chrzanowska
Keyword(s):  
Statistical Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Review Of The Literature ◽  
Management Board ◽  
Panel Model ◽  
Significant Negative Impact ◽  
Cooperative Banks ◽  
Lending Activity ◽  
The Impact

The aim of the research presented in the article was to analyse the legitimacy of the use of scoring models in banking activities, together with the assessment of the effectiveness of this tool in reducing the high value of the NPL ratio in Polish cooperative banks on the example of banks belonging to the BPS S.A. association in the period between 2004 and 2020. We used a variety of research methods for this purpose including a depth review of the literature, analysis of statistical data regarding the sector of Polish cooperative banks, analysis of financial data of cooperative banks, construction of an econometric panel model, and the designing a questionnaire (which was later sent to the management board of selected cooperative banks). Our research confirmed the significant impact of the use of scoring models in lending activities on the value of the NPL ratio in cooperative banks. The analysed cooperative banks, which used the scoring models proposed by BIK in their lending activity, showed significantly lower values of the NPL ratio in each analysed year than banks that used other scoring models. Our study also confirmed the different direction of the impact of the models offered by BIK and individual scoring models on the value of the NPL ratio. We have also shown that the scoring models proposed by BIK have a statistically significant negative impact on the level of the NPL ratio, and the banks’ own scoring models have a statistically significant positive impact on the level of the NPL ratio.

scholarly journals What the impact of the economic crisis on the Brazilian’s lifestyle between 2013 and 2016? A long-term trend cross-sectional study.

2020 ◽  
Author(s):  
Sonny Állan Bezerra ◽  
Denilson Menezes Santos ◽  
Michele Maria Oliveira ◽  
Claudia Vanisse Costa ◽  
Elaynne de Oliveira ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Negative Impact ◽  
Health Indicators ◽  
Cross Sectional Study ◽  
Sharp Drop ◽  
Cross Sectional ◽  
The Impact ◽  
Long Term Trend

Abstract Background: Brazil has been going through a period of economic crisis since 2015 and the impact on health indicators and the quality of life of the most recent crisis is unclear. This study sought to establish a relationship between the impact of the economic crisis experienced by Brazil during the period 2013-2016 and the lifestyle of adult populations in the 27 capitals of the Brazilian state.Results: According to the binary logistic regression model, at least completing secondary education increases the probability of individuals presenting higher LS by 4.9% (OR=1,049, 95% CI 1,029–1,070); being involved in some type of relationship decreases the probability of presenting a higher LS by 5.3% (OR=0.947, 95% CI 0.029-0.965); having an adequate body mass index increases LS by 27.3% (OR=1.273, 95% CI 1,245.10.10). Living in a city with a lower unemployment rate increases the probability of having a higher LS score by 3.8%(OR=1,038, 95% CI 1,012-1.064); living in a city with a more basic food basket decreases the probability of having a higher LS score by 5.4% (OR=0.946, 95% CI 0.910-0.982). Presenting higher yields decreases the probability of having a higher LS by 12% (OR=0.880, 95% CI 0.860-0.900). In addition, there was an increase in the percentage of leisure-time PA in 2015 (20.9%), followed by a decrease to 18.1% in 2016, after a stabilization period in 2013 (19.5%) and 2014 (19.6%). The physical exercise showed a steady annual increase, with a score of 49.6% in 2013, followed by 50.9% and 51.9% in 2014 and 2015, respectively, and ending with 54.5% in 2016. The "Watch TV 5x per week" indicator recorded a sharp drop between 2013 (27.9%) and 2015 (22.7%), as well as the consumption of soft drinks, which went from stable values in 2013 (19.5%) and 2014 (19%) 17.3% in 2015.Conclusion: In the case of Brazil, the economic crisis initially started in 2015 had a negative impact on the population over time, but these effects were only observed in the second year of crisis, being preceded by a temporary improvement of indicators.

Does financial literacy “grease the wheels” of the loans market? A note

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Fátima Sol Murta ◽  
Paulo Miguel Gama
Keyword(s):  
Financial Literacy ◽  
Commercial Banks ◽  
Negative Impact ◽  
Estimation Methods ◽  
Global Test ◽  
Content Type ◽  
Country Level ◽  
Lending Activity ◽  
The Impact

Purpose What is the impact of financial literacy on the lending activity of banks? Based on the results of the S&P Global FinLit Survey for an extensive sample of countries, this paper aims to provide the first global test for the impact of country-level financial literacy on the lending activity of commercial banks. Design/methodology/approach The authors use data on financial literacy by country from the S&P Global FinLit Survey that was completed in 2014 and lending activity and macroeconomic control variables data from the World Bank from 2015 to 2017 to estimate the cross-sectional effect of financial literacy on the importance of loans and of non-performing loans, using different estimation methods. Findings The results show that, first, financial literacy favors lending activity, contributing to enhance the importance of credit in the economy. Second, financial literacy prevents bad loans from building up, thus reducing credit risk and favoring the quality of the credit portfolio of banks. These results are robust to several controls for macroeconomic conditions and the quality of institutions. They are also robust to different estimation methods. Research limitations/implications The evidence of the positive (negative) impact of population financial literacy on the quantity (poor quality) of loans suggests that the efforts to enhance the financial literacy of the population contribute to the sustainable development of the financial sector and economic growth. Originality/value The paper extends to an international and country-level the available evidence of the consequences of the existence (or lack of) of financial literacy for the lending activity of commercial banks, focusing on the amount of credit granted and the quality of such credit. Thus, the paper provides an exploratory analysis of the impact of country-level financial literacy on the lending activities of commercial banks.

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