scholarly journals Crisis económica y financiera en los negocios que radicaron quiebra con el Capítulo 11 de Reorganización en Puerto Rico

Oikos ◽  
2016 ◽  
Vol 18 (37) ◽  
pp. 93
Author(s):  
Emmanuel Guzmán Rodríguez ◽  
Carlos F. Rosa Vázquez
Keyword(s):  
Puerto Rico ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Cash Flow ◽  
Secondary Data ◽  
Purchasing Power ◽  
Managerial Efficiency ◽  
Probability Sample ◽  
Commercial Environment

RESUMEN El estudio examina el problema de las quiebras en Puerto Rico, y la posibilidad de que estas puedan afectar negativamente a los negocios y a su entorno social y comercial. Los análisis están fundamentados en datos secundarios obtenidos con una muestra probabilística de 126 negocios seleccionada con un 95% de nivel de confiabilidad y un margen de error de 5%. Se encontró que la crisis en este sector empresarial es ocasionada por un manejo no apropiado de los recursos financieros, en conjunto con la situación económica que ha resultado en una disminución del flujo monetario del país y la necesidad de financiamiento continuo con una economía en recesión/ depresión, pudiera provocar que la empresa radique un proceso de reorganización en la corte de quiebras. Este proceso se puede utilizar como una estrategia gerencial para mejorar el manejo de sus activos y pasivos corrientes en un plazo de tiempo establecido por la corte. Los resultados también muestran que algunos de los negocios pequeños, medianos y de dueños propios en Puerto Rico han experimentado el efecto de las quiebras en cadena, cuyas repercusiones tienen un efecto social y en otras entidades comerciales.Palabras clave: crisis financiera, crisis económica, reducción del flujo de efectivo, poder adquisitivo, eficiencia gerencial, insuficiencia de capital, deterioro de inventario.Financial and economic crisis of businesses in Puerto Rico that filed bankruptcy under Chapter 11 of Reorganization ABSTRACT The study examinesthe problemof bankruptciesinPuerto Rico,andthe possibility thatthesemay adversely affect the businessand its socialand commercial environment. The analysesare basedon secondary data obtained with a probability sample of126businessesselectedwith a 95%confidence leveland a margin oferror of 5%. It was found thatthe crisis in thebusiness sector were causedby impropermanagement of financialresources, together with the economic situationthat has resulted ina decrease incash flowin the countryand the need forcontinued fundingwith an economy in recession/ depression, couldcause thecompany to file for bankruptcy under chapter 11 of reorganization. Thisprocess can be usedas a managementstrategy to improvethe management of theirassetsand liabilitieswithin a period of time set bythe court.The results also showthat some of thesmall, mediumandsole proprietorships owners inPuerto Ricohave experiencedthe effect ofbankruptcies; and the repercussions have asocial and commercial impact.Keywords: financial crisis, economic crisis, reduced cash flow, purchasing power, managerial efficiency, insufficient capital, inventory impairment.Crise Econômica e Financeira nos negócios que estabeleceram a quebra com o Capítulo 11 de Reorganização em Puerto Rico RESUMOO estudo analisa o problema de quebras em Puerto Rico, e a possibilidade de que estas possam afetar adversamente aos negócios e seu ambiente social e comercial. As análises estão fundamentadas em dados secundários obtidos com uma amostra probabilística de 126 negócios selecionados com um nível de confiança de 95% e uma margem de erro do 5%. Encontrou-se que a crise neste sector empresarial é causada por uma gestão não apropriada dos recursos financeiros, em conjunto com a situação econômica que resultou numa diminuição do fluxo monetário do país e a necessidade de financiamento continuo com uma economia em recessão / depressão, o que pode provocar que a empresa estabeleça um processo de reorganização na Corte de Quebras. Este processo se pode utilizar como uma estratégia de gestão para melhorar a administração dos seus ativos e passivos correntes dentro de um período de tempo fixado pelo tribunal. Os resultados mostram também dão conta que alguns dos negócios pequenos, médios e de proprietários de Puerto Rico, têm experimentado o efeito das quebras em cadeia, onde as repercussões têm um impacto social e outras entidades comerciais.Palavras-chave: crise financeira, crise econômica, redução de fluxos de efetivo, poder aquisitivo, eficiência de gestão, insuficiência de capital, deterioro de inventário.

scholarly journals The global distribution of Chinese investments: Importance for the economy of Serbia

Ekonomika ◽  
2021 ◽  
Vol 67 (1) ◽  
pp. 43-55
Author(s):  
Darko Marjanović ◽  
Elena Jovičić ◽  
Danijela Stojanović
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Market Share ◽  
Foreign Investment ◽  
Home Country ◽  
Secondary Data ◽  
Current Situation ◽  
Global Distribution ◽  
European Countries ◽  
Chinese Companies

Before the onset of the global economic crisis (2007), SEE countries generally focused their activities on attracting investment from developed and affluent European countries. The financial crisis has significantly affected the inflow of foreign investment, so that some Southeast European countries have become very attractive destinations for Chinese companies and their investments. This is precisely the period when Chinese companies received a clear signal from their home country to take advantage of the financial crisis that hit European countries, to diversify their investments and increase their market share. Due to lack of investment, Serbia opened its market and received fresh Chinese capital. The aim of this paper is to present the global distribution of Chinese investments, with particular reference to the importance they have for the Serbian economy. In order to get a clearer picture of the current situation, the secondary data for the period 2013-2019 years are used in the analysis, both regionally and globally. Based on the obtained results, it can be concluded that Serbia is currently the largest recipient of Chinese investments in the region, and in the upcoming period, the trend of Chinese investments growth is expected to be continued, which will further contribute to the development of the Serbian economy.

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

Preventive Debt Restructuring and the Nigerian Draft Insolvency Legislation: Lessons from a Comparative Perspective

2020 ◽  
Vol 28 (1) ◽  
pp. 66-84
Author(s):  
Sanford U. Mba
Keyword(s):  
European Union ◽  
Economic Crisis ◽  
Final Analysis ◽  
The European Union ◽  
Debt Restructuring ◽  
The Us ◽  
Financially Distressed ◽  
Bankruptcy Code ◽  
Second Chance

Recently, the Nigerian Senate passed the Bankruptcy and Insolvency (Repeal and Re-enactment) Bill. This is no doubt a welcome development following the continued demand by insolvency practitioners, academics and other stakeholders for such legislation. The call has not only been for the enactment of just about any legislation, but (consistent with the economic challenges faced by businesses in the country), one that is favourably disposed to the successful restructuring of financially distressed businesses, allowing them to weather the storm of (impending) insolvency, emerge from it and continue to operate within the economy. This article seeks to situate this draft legislative instrument within the present wave of preventive restructuring ably espoused in the European Union Recommendation on New Approaches to Business Rescue and to Give Entrepreneurs a Second Chance (2014), which itself draws largely from Chapter 11 of the US Bankruptcy Code. The article draws a parallel between the economic crisis that gave rise to the preventive restructuring approach of the Recommendation and the present economic situation in Nigeria; it then examines the chances of such restructuring under the Nigerian draft bankruptcy and insolvency legislation. It argues in the final analysis that the draft legislation does not provide for a prophylactic recourse regime for financially distressed businesses. Consequently, a case is made for such an approach.

scholarly journals Global Financial Crisis and Philanthropy: Malaysian Case

2015 ◽  
Vol 7 (2) ◽  
pp. 19-31 ◽  
Author(s):  
Janice Lay Hui Nga
Keyword(s):  
Financial Crisis ◽  
Mixed Method ◽  
Qualitative Data ◽  
Global Financial Crisis ◽  
Secondary Data ◽  
Civil Society Organisations ◽  
The Global Financial Crisis ◽  
The Impact ◽  
To Receive ◽  
Method Approach

This paper investigates the issue of the global financial crisis and its impacts on philanthropy and civil society organisations (CSOs) in Malaysia. CSOs are popularly known as non-governmental organisations (NGOs) in Malaysia. Financial crisis has caused NGOs in many countries to receive less funding. This situation may threaten and discourage voluntary works. Undoubtedly, these beneficial contributions from the NGOs are needful services to the society. This paper examines the impact of financial crisis through the lens of NGOs and philanthropy activities in Malaysia. It utilises primary and secondary data, employs a mixed method approach, and uses quantitative and qualitative data. While there are many influencing factors in this development, this paper presents several significant aspects in the Malaysian context, including the style and nature of giving, culture, religion, and political pressure. This study attempts to seek potential solutions, pathways and possible approaches beneficial to NGOs and philanthropy activities for their sustainability in facing the financial crisis and its consequences. Experiences and lessons learnt in Malaysia may well be useful and applicable to some extent in other countries.

The French Parti socialiste (2010-16): from office to crisis

2017 ◽  
Author(s):  
Sophie Di Francesco-Mayot
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Socialist Party ◽  
Political Crisis ◽  
Social Democratic ◽  
High Unemployment ◽  
Democratic Parties ◽  
Social Democratic Parties ◽  
The Eu

This chapter examines the French Socialist Party (Parti socialiste, PS), which is one of the least successful of the major European social democratic parties. It focuses on the period between the 2008 global financial crisis until the end of François Hollande's presidency in 2017. The crisis of the PS is twofold: first, a political crisis that is revealed by the divisive nature of the Party's internal courants (factions). Whereas the factions initially contributed to the PS's internal democracy, over the past two decades they have significantly affected the PS's cohesiveness and ability to effectively develop and implement necessary policies. And second, an economic crisis that is exemplified by the PS's inability to adapt to its external and internal environments, such as the neoliberal imperatives of the EU, unprecedented high unemployment, and increasing insecurity.

scholarly journals Studi Komparatif Kinerja Bank Syariah Dan Bank Konvensional Dalam Menghadapi Krisis Global Berdasarkan Rasio Keuangan

2009 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Rohmawati Kusumaningtias
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Banking Sector ◽  
T Test ◽  
The Other ◽  
Other Hand ◽  
Better Than ◽  
Productive Employment

AbstractAt the time of financial crisis, one of the influential institutions in society is banking. Banking sector provide soft loans to create productive employment for the community. On the other hand, customers also need the liquidity from bank-ing. These stakeholders' needs can be met by looking at the performance of bank-ing. This study aims to determine differences in the performance of sharia banking and conventional banking during economic crisis. This study uses t-test to analyze the data. From the research, it was found that in general, the performance of conventional banking is better than sharia banking in the economic crisis.

scholarly journals PEMBANGUNAN MANUSIA PROVINSI DAERAH ISTIMEWA YOGYAKARTA

Populasi ◽  
2016 ◽  
Vol 16 (1) ◽  
Author(s):  
Sukamdi Sukamdi
Keyword(s):  
Human Development ◽  
Economic Crisis ◽  
Human Development Index ◽  
Purchasing Power ◽  
Sharp Decline ◽  
Development Index ◽  
The City

There is a gap of development achievement in Indonesia. At least it can be observed from human development index (HDI) in the period of 1996- 2002 which show a significant different across provinces. Among provinces in Java, Yogyakarta sit in the second position after Jakarta in the year of 1996 and 1999, but it became third rank in the year of2002. As it was in other provinces, the value of the index is still lower in 2002 compared to 1996, but higher than in 1999. It means the economic crisis which hit the country affect the human development a lot. In the same time among the district in the Yogyakarta province, the gap of HDI also appeared between the District of Gunung Kidul which the rank was 140 and the city of Yogyakarta which the rank was Q in 2002. Even the gap was higher in 1996 and 1999 because the rank of Gunung Kidul is 187 and 1965 respectively while it was 5 and 2 for the city of Yogyakarta. Gunung Kidul is also the area which was the most hit by the crisis as can be seen from the sharp decline in people's purchasing power. However this area experience faster recovery shown by the higher increase of purchasing power than other districts.

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 INTERNATIONAL STANDARDS FOR BANK CAPITAL REGULATION

2021 ◽  
Vol 1 (36) ◽  
pp. 35-45
Author(s):  
V. Kovalenko ◽  
S. Sheludko ◽  
N. Radova ◽  
F. Murshudli ◽  
K. Gonchar
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Stability ◽  
International Standards ◽  
Capital Adequacy ◽  
Capital Regulation ◽  
Bank Capital ◽  
Banking Supervision ◽  
New Paradigm ◽  
Bank Capital Regulation

The paper analyzes the evolution of the introduction of international standards for bank capital regulation. The aim of the research is to study international standards for bank capital regulation and their impact on financial stability and sustainability of domestic banking systems. The 2007—2009 Global Financial Crisis was perhaps the greatest banking and financial crisis since bank failures and the financial panic of the Great Depression in early 1930s. According to academics and professionals, there has been much debate over the last decade as to whether the 2007—2009 banking crisis was primarily a solvency crisis or a liquidity crisis. Capital adequacy of banks today is the main indicator of increasing society’s confidence in banking systems. The flexible and balanced implementation of Basel Committee on Banking Supervision (BCBS) recommendations on the assessment of bank capital adequacy is of particular importance in the context of the deepening economic crisis caused by COVID-19 quarantine restrictions. Regulation of bank capital is primarily settles by the ability to execute basic functions inherent in it. A number of shocks in connection with the crisis require the renewal and search for a new paradigm of regulation, which today is focused on achieving financial stability, overcoming pro-cyclicality, especially in the banking sector. One of the latest developments in the field of bank capital regulation has been the implementation of international banking supervision standards recommended by BCBS, which have been transformed from Basel I, Basel II, Basel III, Basel 3.5 to Basel IV. The new ideology suggests that in times of financial and economic crisis or in anticipation of growing uncertainty in the economy, it is necessary to abandon the idea of bank capital management and the creation of financial reserves to maintain liquidity and stability of financial institutions. These measures will not be able to protect the bank from default and bankruptcy. This ideology has become a new paradigm of effective banking regulation, which can be formulated as an accepted set of three vectors: risk; risk management; risk-oriented supervision.

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