scholarly journals Implementation of Centralized Administration and Management of Funds in Enterprise Groups

2021 ◽  
Vol 4 (4) ◽  
pp. 166-171
Author(s):  
Xinjian Song
Keyword(s):  
Business Models ◽  
Warning System ◽  
Fund Management ◽  
Financing Costs ◽  
Building Information ◽  
Investment And Financing ◽  
Internal Funds ◽  
Enterprise Groups ◽  
Multiple Levels ◽  
Funds Allocation

Enterprise groups are characterized by multiple levels of enterprises with large scales of assets and complex business models. In the process of administration and management of funds, there are often some problems, such as unreasonable internal funds allocation, high financing costs, and flawed funds control. Centralized fund management is a tool for the overall allocation of intra-group funds and the coordinated management of group investment and financing. It can optimize the resource allocation of enterprise groups and reduce financing costs as well as capital risks. By selecting centralized fund management, establishing control and early warning system, as well as building information system and other steps, enterprise groups can better implement centralized fund management and improve their capital control.

Analysis of business models of takaful-fund management

2018 ◽  
Vol 24 (6) ◽  
pp. 1366-1385
Author(s):  
M.M. Magomadova ◽  
Keyword(s):  
Business Models ◽  
Fund Management

scholarly journals Labor and Capital Dynamics under Financing Frictions*

2018 ◽  
Vol 23 (2) ◽  
pp. 279-323 ◽  
Author(s):  
Ryan Michaels ◽  
T Beau Page ◽  
Toni M Whited
Keyword(s):  
Wage Bargaining ◽  
Reduced Form ◽  
Probability Of Default ◽  
External Financing ◽  
Financing Costs ◽  
Financing Frictions ◽  
Investment And Financing ◽  
Unemployment Risk

Abstract We assemble a new, quarterly panel dataset that links firms’ investment and financing to their employment and wages. In the data, wages and leverage are negatively related, both cross-sectionally and within firms. This pattern contradicts models in which firms insure workers against unemployment risk. We reconcile this fact with a model that integrates factor adjustment frictions and wage bargaining with costly external financing. In the model, the probability of default rises with debt. Because default incurs deadweight costs, the expected surplus over which firms and workers bargain falls, thus depressing wages. We show that raising financing costs reduces employment and wages, in line with recent reduced-form evidence.

The Difference Between Measuring Internal Funds Allocations in Groups and in Diversified Firms

2007 ◽  
Vol 10 (03) ◽  
pp. 341-347 ◽  
Author(s):  
Marc Jegers ◽  
Kooyul Jung ◽  
Byungmo Kim
Keyword(s):  
Ownership Structure ◽  
A Priori ◽  
Dependent Variables ◽  
Internal Funds ◽  
The Difference ◽  
Funds Allocation ◽  
Diversified Firms ◽  
Tunnelling Effects

Dependent variables used by Kim, Jung and Kim (2005) to assess the effect of the ownership structure of Korean chaebols on internal funds allocations are a priori misspecified in the context of their research, as they were designed to be applied when studying diversified firms and not groups consisting of legally independent entities. The conditions under which this misspecification has no effect on their conclusions are discussed. Re-analyzing their data with a more appropriate internal funds allocation variable leaves their conclusion on the presence of tunnelling effects intact, though it paints a partly different picture of internal allocations as such.

Going in circles: new business models for efficiency and value

2019 ◽  
Vol 40 (4) ◽  
pp. 36-43 ◽  
Author(s):  
Ana Beatriz Lopes de Sousa Jabbour
Keyword(s):  
Circular Economy ◽  
Design Methodology ◽  
Business Models ◽  
Business Case ◽  
Content Type ◽  
New Business ◽  
Key Issues ◽  
Conceptual Paper ◽  
Multiple Levels ◽  
New Business Models

Purpose This paper aims to explain what managers will want to know about the circular economy by covering some of the key issues and discussing an approach which may help organisations to move towards the circular economy. Design/methodology/approach This is a conceptual paper, which blends theory and hard facts to achieve its aims. Findings This paper presents a framework which uses multiple levels of analysis to explain how organisations can prepare for and implement circular economy practices. Originality/value This paper makes relevant contributions for both academics and practitioners by providing essential practical guidance on the “what”, “how” and “why” of the circular economy, which can help managers to plan and implement a convincing business case for this sustainable approach.

scholarly journals Investment and Financing Policies of Nepalese Enterprises

2017 ◽  
Vol 8 ◽  
pp. 47-55
Author(s):  
Kapil Deb Subedi
Keyword(s):  
Capital Market ◽  
Data Set ◽  
Investment Policies ◽  
Financing Policies ◽  
Firm Financing ◽  
Investment And Financing ◽  
Internal Funds ◽  
Financing And Investment ◽  
World Bank Enterprise Survey ◽  
Enterprise Survey

Firm financing and investment policies are central to the study of corporate finance. In imperfect capital market, financing and investment policies of enterprises are dependent to each other. Firm’s investment decisions depend upon the access and availability of finance in capital market. But various capital market frictions like information and incentives wedge the efficient allocation of fund to each of marginally profitable project. Consequently, in asymmetric informational theoretic framework, firms change their strategies in raising their capital. Firms' first best choice for financing their investment in severity of information problem, rests on their internal funds since it is the cheapest and more unrestricted source of finance to the managers. To this milieu, this paper focuses on investigating whether the Nepalese enterprises depend on their internal funds to finance their investment or not? World Bank Enterprise Survey data set are employed to examine the investment and financing policies of Nepalese enterprises. The data set consist of financial information of 968 firms across multiple size, sector and age category. We employ simple measures of descriptive statistics like frequencies, percentage and arithmetic mean viz; the average of a set of numerical values to analyze the data by sorting the observations to various portfolios. The study result confirms that the firms heavily depend on their internal funds to finance their investment. These results are consistent with prior literatures for example; Fazzari, Hubbard, & Peterson (1988), Gilchrist & Himmelberg (1995), Hu & Schiantarelli (1998) etc when observed in cross section of size, sector, age and ownership pattern of enterprises.The Saptagandaki Journal Vol.8 2017: 47-55

Developing Strategies in the Sharing Economy

2022 ◽  
pp. 1224-1245
Author(s):  
Ramona Diana Leon
Keyword(s):  
Neural Network ◽  
Artificial Neural Network ◽  
Early Warning ◽  
Early Warning System ◽  
Business Models ◽  
Warning System ◽  
Sharing Economy ◽  
Knowledge Based ◽  
Artificial Neural ◽  
The One

The sharing economy is challenging the traditional business models and strategies by encouraging collaboration, non-ownership, temporal access, and redistribution of goods and/or services. Within this framework, the current chapter aims to examine how managers influence, voluntarily or involuntarily, the reliability of a managerial early warning system, based on an artificial neural network. The analysis focuses on seven Romanian sustainable knowledge-based organizations and brings forward that managers tend to influence the results provided by a managerial early warning system based on artificial neural network, voluntarily and involuntarily. On the one hand, they are the ones who consciously decide which departments and persons are involved in establishing the structure of the managerial early warning system. On the other hand, they unconsciously influence the structure of the managerial early warning system through the authority they exercise during the managerial debate.

scholarly journals Ukrainian Banks’ Business Models Clustering: Application of Kohonen Neural Networks

2016 ◽  
pp. 13-38 ◽  
Author(s):  
Vladyslav Rashkovan ◽  
Dmytro Pokidin
Keyword(s):  
Mergers And Acquisitions ◽  
Business Models ◽  
Model Development ◽  
Warning System ◽  
Evaluation Process ◽  
Potential Fields ◽  
Back Testing ◽  
Default Prediction ◽  
Kohonen Neural Networks ◽  
Bank Business Models

This paper clusters and identifies six distinct bank business models using Kohonen Self-Organising Maps. We show how these models transform over the crisis and conclude that some of them are more prone to default. We also analyze the risk profiles of the bank business models and differentiate between safest (valid) and riskiest ones. Specifically, six risk types (Profitability, Credit, Liquidity, Concentration, Related parties lending, and Money Laundering) are used to build risk maps of each business model. The method appears to be an efficient default prediction tool, since a back-testing exercise reveals that defaulted banks consistently find their place in a "risky" region of the map. Finally, we outline several potential fields of application of our model: development of an Early Warning System, Supervisory Review and Evaluation Process, mergers and acquisitions of banks.

scholarly journals Using Data Marts Approach in Iraqi Educational Institution process

2014 ◽  
Vol 41 (1) ◽  
pp. 51-54
Author(s):  
Alla Yassin
Keyword(s):  
Information Systems ◽  
Educational Institution ◽  
Multiple Sources ◽  
Data Mart ◽  
Building Information ◽  
Data Marts ◽  
Multiple Levels ◽  
Using Data

Worldwide, educational institution has channeled big investments towards building information systems. This paperdeals with data marts ideas, which is a database, or collection of databases, designed to help managers make strategic decisionsabout their business. In this paper we suggest a project named IC-DM for the educational institution which has access to twodifferent data marts that user will need to decide which is the most appropriate for the project that they are working on. Datafrom multiple sources, and multiple levels was linked, or merged into a data mart.

Transition to the Circular Economy

2021 ◽  
Vol 1 (1) ◽  
pp. 33-53
Author(s):  
Ron Schipper ◽  
Gilbert Silvius
Keyword(s):  
Circular Economy ◽  
Business Models ◽  
Research Question ◽  
Program Management ◽  
Strategy Implementation ◽  
System Thinking ◽  
Sense Making ◽  
Conceptual Mapping ◽  
Systemic Transformation ◽  
Multiple Levels

Programmes are seen as vehicles for (internal) strategy implementation. However, organisations are existing within society, and their activities effect this society. Society itself also faces ‘strategic' challenges. One of these is the transition to a circular economy which requires organisations to organize themselves along circular business models (CBM). It can be expected that organisations would apply program management to pursue these CBM. A systemic transformation approach distinguishes multiple societal levels that need to evolve jointly over time. The research question is how this would influence the program management discipline. Therefore, a conceptual mapping of the circular economy and program management was performed. The findings reveal that taking a societal view on programs would urge PgM to address this challenge at multiple levels, within multi-dimensions and a system thinking perspective. It requires to position programs between the stakeholders at the meso-level and adopt to an explicit sense-making and learning cycle benefiting from short iterative interventions.

Third-Party Releases in Insolvency of Multinational Enterprise Groups

2021 ◽  
Vol 18 (1) ◽  
pp. 107-140
Author(s):  
Ilya Kokorin
Keyword(s):  
Business Models ◽  
Multinational Enterprise ◽  
Third Parties ◽  
Third Party ◽  
Insolvency Law ◽  
Legal Responses ◽  
Group Members ◽  
Legitimate Expectations ◽  
Enterprise Groups ◽  
The Eu

Abstract Europe is experiencing the rise of restructuring proceedings, which has recently culminated in the adoption of the Restructuring Directive. While being a major achievement in harmonising substantive (pre)insolvency law in the EU, it lacks rules targeting restructuring of multinational enterprise groups. As a result, effectiveness of group reorganisations may be undermined. Nevertheless, some jurisdictions adopt innovative tools, facilitating group solutions. Among them – third-party releases. Such releases entail a total or partial discharge or amendment of claims against third parties, such as co-obligors, guarantors and collateral providers (typically, group members) in the insolvency or restructuring proceeding of the principal debtor.The diversity of approaches to third-party releases highlights their controversial nature. Such releases may frustrate legitimate expectations of creditors relying on cross-guarantees and other forms of cross-liability arrangements. Extending the effects of debt reorganisation to third parties in the absence of a separate insolvency proceeding may also run contrary to the longstanding views on corporate insolvency and entity shielding. This article argues that a single-entity-restructuring risks being short-sighted and that third-party releases are a matter of commercial necessity, synchronising legal responses with actual business models and better addressing the complexity of group interdependencies, realised through various intra-group liability arrangements.

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