scholarly journals The Vulnerability of SMES in the Economic Crisis

10.26458/1421 ◽  
2014 ◽  
Vol 14 (2) ◽  
pp. 9
Author(s):  
Nicolae ŢÂU ◽  
Raluca Ionela CREŢOIU
Keyword(s):  
Economic Crisis ◽  
Small And Medium Enterprises ◽  
European Market ◽  
Financial Resources ◽  
Funding Sources ◽  
Negative Results ◽  
Single European Market ◽  
The Subject ◽  
Medium Enterprises

The vulnerability of small and medium enterprises is closely related to their reduced volume of activity and insufficient financial resources available to them. Therefore, these types of organizations are more likely to be the subject of the changes that occur in the market. Although there are available a variety of funding sources, most SMEs in Romania are not able to access existing funds as they are not competitive on the single European market. During the economic crisis, the businesses environment but the economical one as well was not beneficial for the Romanian SMEs due to the financial, structural and fiscal instability, which led to negative results, especially on long term.  

Climate Change and Micro, Small and Medium Enterprises

2020 ◽  
Vol 13 (4) ◽  
pp. 216-231
Author(s):  
L. M. Kapitsa
Keyword(s):  
Climate Change ◽  
Development Strategy ◽  
Small And Medium Enterprises ◽  
Disaster Risk ◽  
Financial Resources ◽  
Policies And Measures ◽  
Adaptation Policies ◽  
Human Costs ◽  
Medium Enterprises

The effects of climate change are becoming increasingly pronounced and powerful, taking on an alarming scale and imposing enormous economic and human costs on humanity. However, the burden of these costs is unevenly distributed with the poorest and most vulnerable bearing the heaviest toll. Such a situation requires specific and targeted measures, if the humanity seriously intends to meet the goals of International Sustainable Development Strategy. This is an unprecedented challenge to humanity not only because of the size of financial resources needed to be mobilized, but also because of the tension between socio-economic and political short, mid and long-term goals and aims, tension between the needs to ensure a rapid and quantitative economic growth and the needs to reduce mass poverty and social inequality. The article attempts to review policies and measures undertaken by governments and civil society groups to resolve the above tensions by developing integrative adaptation policies and measures, which allow to simultaneously address the problems of environment degradation, natural disaster risks and socio-economic development. It focuses on most vulnerable segments of population: self-employed and employees of micro, small and medium enterprises, both formal and informal. The article highlights prevailing world-wide trends in disaster risk management and risk reduction efforts and tries to identify most innovative and effective programs, which could be adjusted to specific conditions of Russia.

scholarly journals Implementasi Pendistribusian Wakaf Tunai Sebagai Penunjang Usaha Kecil Menengah di Badan Wakaf Uang & Badan Wakaf Tunai MUI Yogyakarta

2020 ◽  
Vol 3 (1) ◽  
pp. 49
Author(s):  
Khurun'in Zahro' ◽  
Mulyono Jamal ◽  
Jarman Arroisi ◽  
Nia Puji Agustin
Keyword(s):  
Survey Research ◽  
Economic Crisis ◽  
Poverty Alleviation ◽  
Field Survey ◽  
Small And Medium Enterprises ◽  
Poverty Line ◽  
Financial Resources ◽  
Poor People ◽  
Medium Enterprises ◽  
Poverty Levels

The number of poor people in Indonesia has continued to increase since the economic crisis in 1997 to the present. Population growth below the poverty line is not due to the problem of natural wealth that is not balanced with the population, but is caused by problems of income distribution and unfair economic access. Optimization of Islamic financial resources can be applied to reduce poverty levels. The distribution of cash waqf funds has an important role as one of the capital in developing the economy. Cash Waqf is also able to have a good impact on poverty alleviation. This study aims to determine the implementation of the distribution of cash waqf as supporting the improvement of Small and Medium Enterprises (SMEs). This study uses qualitative methods by using a field survey research design. The results of this study conclude that the implementation of the distribution of good and directed cash waqf can increase mauquf alaihi income and can support the development of SMEs so that it is more productive.

Analisis Kinerja Keuangan untuk Menilai Tingkat Kesehatan pada Koperasi Simpan Pinjam dan Pembiayaan BMT Projo Artha Sejahtera (PAS) di Bantul

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Mujino Mujino ◽  
Ratih Kusumawardhani ◽  
Diah Cahyani
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Collection Method ◽  
Descriptive Research ◽  
Health Level ◽  
Savings And Loan ◽  
The Subject ◽  
Management Aspect ◽  
Quantitative Descriptive ◽  
Medium Enterprises

This study aims to investigate the health level of the savings and loan cooperatives and financing of BMT PAS in terms of: 1) Capital aspect; 2) Management aspect; 3) Liquidity aspect; 4) Aspect of compliance with syariah. This research is a type of quantitative descriptive research. The subject of this research is the savings and loan cooperatives and financing of BMT PAS in Bantul. The object of this research is the financial statements of 2015 to 2019. The data collection method were used documentation and questionnaire. The calculation use PAP technique was based on Deputy Regulation for the Supervision of the Ministry of Cooperatives and Small and medium Enterprises of Republic Indonesia Number 07/Per/Dep.6/IV/2016. The result of this research shows that health level of the savings and loan cooperatives and financing of BMT PAS 2015 to 2019 seen from; 1) Capital aspects of BMT PAS Bantul in 2015 to 2019 criteria are quite healthy; 2) Aspects management of BMT PAS Bantul in 2015 to 2019 criteria are quite healthy; 3) Aspects of liquidity of BMT PAS Bantul in 2015 to 2019 are healthy criteria; 4) Aspects of compliance with syariah principles BMT PAS Bantul from 2015 to 2019 healthy criteria. Keywords : Financial performance, health level, savings and loan cooperatives and syariah financing.

scholarly journals Challenges Facing Financial Inclusion Due to the COVID-19 Pandemic

2020 ◽  
Vol 3 (2) ◽  
pp. 50
Author(s):  
Tea Kasradze
Keyword(s):  
Low Income ◽  
Small And Medium Enterprises ◽  
Financial Inclusion ◽  
Financial Resources ◽  
Financial Products ◽  
The Poor ◽  
Wide Range ◽  
Medium Enterprises ◽  
The Impact ◽  
Poor Population

Financial inclusion is often considered as an access to financial resources for the wide public and small and medium-sized businesses, although it is a much broader concept and includes a wide range of access to quality financial products and services, including loans, deposit services, insurance, pensions and payment systems. Mechanisms for protecting the rights of consumers of financial products and services are also considered to be subject to financial inclusion. Financial inclusion acquires great importance during the pandemic and post-pandemic period. The economic crisis caused by the pandemic is particularly painful for low-income vulnerable population. A large part of the poor population who were working informally has lost source of income due to lockdown from the pandemic. Remittances have also been reduced / minimized, as the remitters had also lost jobs and are unable to send money home. Today, when people die from Coronavirus disease, it may be awkward to talk about the financial side of a pandemic, but the financial consequences can be far-reaching if steps are not taken today to ensure access to and inclusion of financial resources. The paper examines the impact of the pandemic on financial inclusion and the responses of the governments and the financial sectors to the challenge of ensuring the financial inclusion of the poor population and small and medium enterprises.

scholarly journals PETA RENCANA (ROADMAP) RISET ENTERPRISE RESOURCE PLANNING (ERP) DENGAN FOKUS RISET PADA USAHA KECIL DAN MENENGAH (UKM) DI INDONESIA

2012 ◽  
Vol 6 (2) ◽  
pp. 140
Author(s):  
Putu Wuri Handayani ◽  
J.W. Saputro ◽  
Achmad Nizar Hidayanto ◽  
Indra Budi
Keyword(s):  
Enterprise Resource Planning ◽  
Business Processes ◽  
Small And Medium Enterprises ◽  
Resource Planning ◽  
Fast Response ◽  
National Data ◽  
Critical Issues ◽  
The Republic ◽  
Medium Enterprises

Usaha Kecil dan Menengah (UKM) di Indonesia telah dapat berkontribusi terhadap PDB (Produk Domestik Bruto) nasional sebesar 55.56% berdasarkan data Biro Perencanaan Kementerian Negara Koperasi dan UKM Republik Indonesia, pada tahun 2008. Untuk memperluas pangsa pasar dan meningkatkan daya saing UKM, UKM membutuhkan suatu aplikasi yang dapat mengintegrasikan dan mengotomatisasi proses bisnis UKM. Aplikasi ERP dapat menjadi salah satu solusi untuk UKM dikarenakan keuntungan yang dapat diberikan seperti memberikan informasi dengan waktu respon yang cepat, meningkatkan interaksi antar bagian dalam suatu organisasi, meningkatkan pengelolaan siklus pemesanan barang, dsb. Beberapa isu kritis yang dihadapi oleh UKM adalah terbatasnya dana dan kapabilitas teknologi informasi yang dimiliki. Dalam memahami kebutuhan layanan yang diperlukan oleh UKM untuk aplikasi ERP dan untuk menyediakan arahan bagi UKM serta menanggapi kurangnya riset ERP di Indonesia maka riset ini bertujuan untuk menggambarkan peta rencana jangka panjang dari agenda riset ERP yang akan dilakukan untuk UKM di Indonesia. Small and Medium Enterprises (SMEs) in Indonesia has been able to contribute to the GDP (Gross Domestic Product) of 55.56% based on national data Planning Bureau of the Ministry of Cooperatives and SMEs of the Republic of Indonesia, in 2008. To expand market share and improve the competitiveness of SMEs, SMEs need an application that can integrate and automate business processes of SMEs. ERP applications can be one solution for SMEs because of the advantages that can be provided such as providing information with fast response time, increase the interaction between the departments of an organization, improving the management of ordering goods cycle, etc. Some of the critical issues faced by SMEs are the limited funds and information technology capabilities they have. In understanding the needs of the services required by SMEs for ERP applications and to provide guidance for SMEs and response to the lack of research about ERP in Indonesia, this research aims to describe the long-term plan maps of the ERP's research agenda that will be made for SMEs in Indonesia.

scholarly journals FINTECH SEBAGAI SALAH SATU SOLUSI PEMBIAYAAN BAGI UMKM

AdBispreneur ◽  
2019 ◽  
Vol 3 (2) ◽  
pp. 89
Author(s):  
Muhamad Rizal ◽  
Erna Maulina ◽  
Nenden Kostini
Keyword(s):  
Banking Sector ◽  
Small And Medium Enterprises ◽  
Peer To Peer ◽  
The Other ◽  
Financial Resources ◽  
Financial Industry ◽  
Loan Fund ◽  
Classic Problem ◽  
Peer Lending ◽  
Medium Enterprises

ABSTRACTIn 2017, more than 40 new fintech businesses is born, this financial business have emerged that have tried their luck in the Indonesian financial landscape along with the other 140s of startup that have stood before. Indonesia's fintech industry has become one of the prima donna that attracted so much attention from the financial industry actors. Investment on startup fintech began to attract a lot of interest, even some startup managed to get series A of investment this year. The fintech sectors are beginning to develop and many new products are launched.Meanwhile, the Ministry of Cooperatives and Small and Medium Enterprises (Ministry of Small and Medium Enterprises) launched 3.79 million micro, small and medium enterprises (SMEs) already utilizing online platform in marketing their products. This number is around 8 percent of the total perpetrators of SMEs in Indonesia, which is 59.2 million.The problem of sources of financing is a classic problem that is a barrier to the growth of SMEs who do not get financing facilities from the banking sector. Lack of financial resources makes SMEs unable to develop innovations to increase production. However, the rapid growth of financing business of fintech, such as peer-to-peer lending can now be another alternative for loan fund raisers. peer-to-peer lending is a financing business that targets the middle to lower market sectors  ABSTRAKSepanjang tahun 2017, setidaknya muncul lebih dari 40 bisnis fintech baru yang mencoba peruntungan di lanskap keuangan Indonesia bersama dengan 140-an startup lain yang telah berdiri sebelumnya. Industri fintech Indonesia memang menjadi salah satu primadona yang menarik perhatian begitu besar dari para pelaku industri keuangan. Investasi pada startup fintech mulai banyak diminati, bahkan beberapa startup berhasil mendapatkan investasi seri A di tahun ini. Sektor-sektor fintech mulai berkembang dan produk-produk baru banyak diluncurkan.Sementara itu, Kementerian Koperasi dan Usaha Kecil Menengah (Kemenkop UKM) melansir sebanyak 3,79 juta usaha mikro, kecil, dan menengah (UMKM) sudah memanfaatkan platform online dalam memasarkan produknya. Jumlah ini berkisar 8 persen dari total pelaku UMKM yang ada di Indonesia, yakni 59,2 juta.Masalah sumber pembiayaan merupakan masalah klasik yang menjadi penghambat pertumbuhan UMKM yang tidak mendapat fasilitas pembiayaan dari sektor perbankan. Kurangnya sumber dana menjadikan UMKM tidak dapat mengembangkan inovasi untuk meningkatkan produksinya. Namun demikian pesatnya pertumbuhan bisnis pembiayaan FinTech seperti peer-to-peer lending  sekarang ini bisa menjadi alternatif lain bagi para pencari dana pinjaman. peer-to-peer lending merupakan bisnis pembiayaan yang menyasar sektor  pasar menengah ke bawah.

Microbusiness Collaboration as a Strategy to Increase Resilience in Natural Disasters

2019 ◽  
pp. 330-346 ◽  
Author(s):  
Jorge Vargas-Florez ◽  
Eliseo L. Vilalta-Perdomo ◽  
Martin Hingley ◽  
Rosario Michel-Villarreal
Keyword(s):  
Natural Disasters ◽  
El Niño ◽  
Global Economy ◽  
Small And Medium Enterprises ◽  
El Nino ◽  
Poor Quality ◽  
Response Strategy ◽  
Financial Resources ◽  
Medium Enterprises

Microbusiness, MB, importance for the global economy is uncontestable; they have huge participation of the world's production. In Peru, small-and medium-enterprises, SMEs, are 99% of the total of existing companies and contribute approximately 47% of the country's GDP; MBs are grouped within SMEs. They are the greatest generators of employment, although this may be informal and of poor quality. MBs confront difficulties, mainly due to their limited human and financial resources. Theories around how to deal with it have been developed mainly with big enterprises in mind, and this has little connection with what happens inside MBs. Accordingly, this chapter offers “collaboration” as a response strategy in case of a disruptive event to support MB resilience construction. This is contextualized from the experience of the Peruvian Costal El Niño 2017 and illustrated through the actions that a MB case (a beekeeper) took to deal with it.

The Performance and Competitiveness of Romanian Enterprises in the European Economic Area

2019 ◽  
pp. 187-202
Author(s):  
Rodica Gherghina ◽  
Ioana Duca ◽  
Nicoleta Caragea
Keyword(s):  
Labor Force ◽  
Economic Impact ◽  
Small And Medium Enterprises ◽  
European Market ◽  
European Economic Area ◽  
Profit Rate ◽  
Economic Space ◽  
European Economic ◽  
Medium Enterprises ◽  
Statistical Indicators

The scientific approach of the authors' aims at highlighting the performance of the Romanian enterprises, based on the statistical indicators, and their competitiveness in the national and European economic space. Romanian companies are facing a decline in productivity lately, mainly due to a shortage of qualified workforce. Exodus of the skilled labor force towards the European market has led, most of the time, especially among small and medium enterprises, to reducing their activity, decreasing their productivity, and implicitly, to decreasing the profit rate. In this context, the competitiveness of Romanian companies in the European economic space has dropped considerably. Throughout the research, the authors highlight the economic impact due to the use of an unskilled workforce, which led to a low productivity and a decrease in the performance of the enterprises. The research is the results of the analysis of the statistical data, mainly provided by National Institute of Statistics surveys.

Part I Rationales for State Aid Rules, 2 Evolution of Aid in the EU: Classifying Different Types of Countries, and the Financial and Economic Crisis

2016 ◽  
Author(s):  
Kreuschitz Viktor ◽  
Nehl Hanns Peter
Keyword(s):  
Economic Crisis ◽  
Aggregate Data ◽  
European Market ◽  
Member States ◽  
Eu Member States ◽  
Time Period ◽  
Single European Market ◽  
Similarities And Differences ◽  
Over Time ◽  
The Eu

This chapter examines the evolution of (non-crisis) aid in the EU-27 since 1992, which serves as a basis to assess the similarities and differences between the practices of granting aid in EU Member States. Aggregate data for the EU-27 as a whole suggests that Member States have given a smaller percentage of their GDP as aid over time, which might be regarded as reflective of the view that they are accepting the need for its reduction and its control in the single European market. While declining in the first half of the 1990s, aid levels peaked in 1997, only to be reduced by 1999. This can be explained based on the new regulations that were pursued during the time period, which resulted in broader definitions by the Commission and tighter control.

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