Lily Purnama

People's Business Credit (KUR) is a government program to increase Small, Micro, and Medium Enterprises (UMKM). Micro Business Loan (KUR) is a credit for financing productive business segment of micro, small, medium, and cooperative feasible but not yet bankable for working capital and / or investment credit through direct and indirect financing pattern (linkage) guaranteed by Lembaga Penjamin Kredit. This study aims to examine how the implementation of KUR distribution and its role in the empowerment of women. This research uses mixed methods method. The sample in this research was 71 respondents who were drawn using Taro Yamane formula with precision 0,1. The location of this research is PT. Bank Mandiri branch of Medan Iskandar Muda (Tbk). The results of this study show that the distribution system of KUR PT. Bank Mandiri branch of Medan Iskandar Muda (Tbk) through nine stages using the 5 C standard (Capital, Collateral, condition, character, capacity) as the implementation guideline. The results of the study of obtaining the KUR program have a good impact on the business development and personal debtor. This is because the survey system conducted on an ongoing basis by PT. Bank Mandiri branch of Medan Iskandar Muda (Tbk) forced the debtor to discipline in financial management.

Financial Management of Tires Retail and Restaurant Business in Greater Jakarta

ICONIET PROCEEDING ◽

10.33555/iconiet.v2i4.45 ◽

2019 ◽

Vol 2 (4) ◽

pp. 267-275

Author(s):

Sung Suk Kim ◽

Jacob Donald Tan ◽

Rita Juliana ◽

John Tampil Purba

Keyword(s):

Financial Management ◽

Management Practices ◽

Working Capital ◽

Structured Interviews ◽

Short Term ◽

Direct Observations ◽

Medium Enterprises ◽

Cash Reserves ◽

Retained Earnings ◽

Computerized System

This study aims to explore the financial management practices ofsmall-and-medium-enterprises (SMEs) in the Greater Jakarta (Jabodetabek). We investigate into 3 SME cases by conducting the semi-structured interviews with the owner-managers and using direct observations to know the practices of financial management of SMEs. Through the research, we have found six propositions related to the practice of short-term financial management. They apply bootstraps to ensure availability of working capital. They set aside cash reserves from retained earnings and minimize loans from financial institutions. They have the computerized system to track receivables facilitating working capital needs. They keep theirinventory control efficient to manage working capital. They screen customers using transactional records and reputations to minimize the risk of bad debts.

Optimal Management Strategies in Small and Medium Enterprises - Advances in Logistics, Operations, and Management Science ◽

Financial Innovation in Medium-Sized Enterprises Optimizes Their Gravitation Towards Capital Markets

10.4018/978-1-5225-1949-2.ch010 ◽

2017 ◽

pp. 198-224 ◽

Cited By ~ 2

Author(s):

Milan B. Vemić

Keyword(s):

Transition Economies ◽

Financial Management ◽

Stock Exchange ◽

Capacity Development ◽

Partial Solution ◽

Stock Exchanges ◽

Working Capital ◽

Business Information ◽

Alternative Sources ◽

A major problem for medium enterprises is ensuring that their financial management exercises prudence in the attraction of alternative sources of financing in transition into middle tier, larger enterprise status and towards stock exchange. Difficulties in attracting capital, the high cost of bank credit, absence of robust financial and business information reporting capacities may represent obstacles. One partial solution is capacity development for access to stock exchanges and having these institutions with a strong allocation capacity to efficiently finance these businesses. Though underdeveloped in transition economies, they are potentially important institutions in successful financial performance of businesses. In a review of conditions for handling risk and uncertainty, developing capacity for access to stock exchanges through working capital combinations, this treatise demonstrates that medium enterprises could benefit from this approach. Regulatory reforms to facilitate the use of stock exchange financing and well-designed financial management models are recommended.

CREDITING PROBLEMS OF SMALL AND MEDIUM BUSINESSES IN LITHUANIA / SMULKAUS IR VIDUTINIO VERSLO KREDITAVIMO PROBLEMOS LIETUVOJE

Mokslas - Lietuvos ateitis ◽

10.3846/mla.2015.751 ◽

2015 ◽

Vol 7 (2) ◽

pp. 238-245

Author(s):

Julija Liustrovaitė ◽

Raimonda Martinkutė-Kaulienė

Keyword(s):

Growth And Development ◽

Business Development ◽

Working Capital ◽

Demand And Supply ◽

Production Output ◽

Medium Businesses ◽

Small and medium enterprises influence growth and development of the country. Small and medium enterprises create new working places, increase employment and help to achieve faster growth in GDP. It is very important for SMEs to get credit in time, and to increase working capital and production output. Unfortunately, small and medium enterprises often face with credit problems that may impede further business development. Crediting problems in Lithuania is a poorly researched topic, there are no many scientific and analytical articles analyzing it. The purpose of the article is to identify crediting problems of small and medium enterprises in Lithuania. Crediting problems of small and medium enterprises in Lithuania in regard of demand and supply is analyzed in the article. Smulkus ir vidutinis verslas (SVV) yra vienas iš kertinių akmenų, lemiančių šalies augimą ir vystymąsi. Smulkus ir vidutinis verslas sukuria naujas darbo vietas, didina užimtumą, pasiekiamas greitesnis BVP augimas. Smulkiam ir vidutiniam verslui labai svarbus yra savalaikis kreditavimas, kuris leidžia padidinti apyvartines lėšas ir gamybos apimtį. Deja, smulkus ir vidutinis verslas neretai susiduria su kreditavimo problemomis, kurios gali apsunkinti tolimesnę verslo plėtrą. Kreditavimo problemos Lietuvoje yra menkai tyrinėta tema, ją analizuojančių mokslinių ir analitinių straipsnių nėra daug. Šio straipsnio tikslas – nustatyti smulkaus ir vidutinio verslo kreditavimo problemas Lietuvoje. Straipsnyje analizuojamos smulkaus ir vidutinio verslo kreditavimo problemos paklausos ir pasiūlos atžvilgiu Lietuvoje.

The Effect of Financial Management Practices on Performance of SMEs in Sri Lanka

International Journal of Scientific Research and Management ◽

10.18535/ijsrm/v8i05.em05 ◽

2020 ◽

Vol 8 (05) ◽

pp. 1789-1803

Author(s):

Somathilake HMDN ◽

Pathirawasam C

Keyword(s):

Sri Lanka ◽

Capital Structure ◽

Financial Management ◽

Management Practices ◽

Capital Management ◽

Working Capital ◽

Working Capital Management ◽

Medium Enterprises ◽

Positive Effect

Small and Medium Enterprises (SMEs) play an important role in every developing country contributing to the growth of the economy in many ways. The aim of this study is to identify the effect of financial management practices on performance of SMEs in Sri Lanka: Special Reference to North Central Province (NCP). Working capital management practices, Investment appraisal practices, Capital structure management practices, financial reporting & analysis practices and Accounting information system practices were identified as independent variables and Performance of SMEs was identified as the dependent variable of this study. All SMEs (nearly 2000 SMEs) operating in NCP during the year 2019 was identified as the population of this study. Out of that, 322 SMEs were selected as the sample based on disproportionate stratified random sampling method and final sample was 245 manufacturing, service and trade SMEs operating in NCP. Data was collected through a structured questionnaire distributed among SMEs functioning in NCP. Descriptive statistics and inferential statistics like Pearson correlation analysis and multiple regression analysis were used to analyze data using the SPSS package. Results of the study revealed that there is a positive effect of financial management practices on performance of SMEs. Among financial management practices, working capital management practices and capital structure management practices have a significant positive effect on SMEs performance. Keywords: Capital structure, Financial Management, Performance, Small and Medium Enterprises, Sri Lanka, Working capital.

Financial Innovation in Medium-Sized Enterprises Optimizes Their Gravitation Towards Capital Markets

Risk and Contingency Management ◽

10.4018/978-1-5225-3932-2.ch018 ◽

2018 ◽

pp. 351-376

Author(s):

Milan B. Vemić

Keyword(s):

Transition Economies ◽

Financial Management ◽

Stock Exchange ◽

Capacity Development ◽

Partial Solution ◽

Stock Exchanges ◽

Working Capital ◽

Business Information ◽

Alternative Sources ◽

Tatakelola Keuangan dan Akses Permodalan UMKM Terhadap Perbankan dalam Meningkatkan dan Pengembangan Nilai Ekonomi Usaha: UMKM Pujasera Cempaka Putih Jakarta Pusat

CAPACITAREA : Jurnal Pengabdian kepada Masyarakat ◽

10.35814/capacitarea.v1i01.1456 ◽

2020 ◽

Vol 1 (01) ◽

pp. 24-34

Author(s):

Sailendra Sailendra ◽

Suratno Suratno ◽

Monang Tampubolon

Keyword(s):

Financial Institutions ◽

Financial Management ◽

Safety Valve ◽

Economic Value ◽

Financial Statements ◽

Working Capital ◽

Knowledge And Skills ◽

Medium Enterprises ◽

And Training

Abstrak Usaha Mikro Kecil dan Menengah (UMKM) merupakan salah satu pilar ekonomi bangsa dan sebagai katup pengaman perekonomian nasional. Hingga saat ini, UMKM masih termarjinalkan dan belum sepenuhnya memiliki akses terhadap permodalan dari perbankan dan lembaga keuangan. Salah satu sumber masalah yang masih menjadi penghambat bagi pelaku UMKM untuk dapat meng-akses permodalan dari perbankan, dikarenakan masih rendahnya pengetahuan dan keahlian yang dimiliki dalam tatakelola dan penyajian laporan keuangan yang baik dan benar, sebagai salah satu syarat utama untuk dapat mengakses permodalan dari perbankan. Hasil kajian ini mengindikasikan bahwa hampir sebagian besar dari pelaku usaha UMKM belum memiliki pengetahuan dan keterampilan dalam tatakelola keuangan. Namun demikian, sebagian besar dari pelaku usaha UMKM mempunyai keinginan yang kuat untuk mendapatkan akses permodalan dari perbankan guna pengembangan dan meningkatkan nilai ekonomi usaha mereka. Implikasi dari hasil penelitian ini berpengaruh terhadap regulator serta stakeholder untuk dapat melindungi dan memberdayakan pengusaha UMKM yang selama ini masih kesulitan untuk mengakses permodalan dari perbankan. Begitupula rekomendasi dan saran dari hasil penelitian bagi pemangku kepentingan, untuk dapat bersinergi dengan akademisi guna dapat memberikan pendampingan dan pelatihan akuntansi dan tatakelola keuangan secara komprehensip dan berkesinambungan. Sehingga, para pelaku UMKM dapat memiliki pengetahuan dan keterampilan dalam tatakelola keuangan yang baik dan benar, dan memungkinkan mereka untuk dapat mengakses permodalan dari perbankan dan lembaga keuangan guna meningkatkan dan pengembangan nilai ekonomi usaha. Abstract Micro, Small and Medium Enterprises (MSMEs) are one of the pillars of the nation's economy and as a safety valve for the national economy. Until now, MSMEs are still marginalized and do not yet have full access to working capital from banks and financial institutions. One source of problems that is still an obstacle for MSMEs to be able to access working capital from banks, due to the lack of knowledge and expertise in the management and presentation of true and correct financial statements, as one of the main prerequisites for being able to access working capital from banks. The results of this study indicate that most of the MSMEs do not yet have the knowledge and skills in financial management. However, most of the MSMEs entrepreneurs have a strong desire to get access to capital from banks to develop and increase the economic value of their businesses. The implications of the results of this study affect regulators and stakeholders to be able to protect and empower MSMEs entrepreneurs who have been struggling to access working capital from banks. As well as recommendations and suggestions from the results of this study for stakeholders, to be able to synergize with academics to provide assistance and training in accounting and financial management comprehensively and sustainably. Thus, MSMEs able to have knowledge and skills to manage their finance, thus enabling them to be able to access working capital from banks and financial institutions to improve and develop the economic value of the business.

Structure of Working Capital in Sample Micro, Small and Medium Enterprises in Kurnool District of Andhra Pradesh

Indian Journal Of Applied Research ◽

10.15373/2249555x/dec2013/27 ◽

2011 ◽

Vol 3 (12) ◽

pp. 104-106

Author(s):

M. SREEDHAR M. SREEDHAR ◽

◽

B. Ramachnadra Reddy

Keyword(s):

Andhra Pradesh ◽

Working Capital ◽

Peran Lembaga Pemberdayaan Ekonomi Mustahik Baznas Dalam Meningkatkan Kesejahteraan Ekonomi Mustahik

Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah ◽

10.47467/alkharaj.v4i2.687 ◽

2021 ◽

Vol 4 (2) ◽

pp. 477-494

Author(s):

Ali Idrus ◽

Ade Maman

Keyword(s):

Quality Of Life ◽

Qualitative Research ◽

Data Collection ◽

Business Development ◽

Economic Welfare ◽

Descriptive Data ◽

One of the solutions proposed by Badan Amil Zakat Nasional is to form Lembaga Pemberdayaan Ekonomi Mustahik which has the task of improving the quality of life of mustahik through its programs. So, the purpose of this study is to find out how the role of Lembaga Pemberdayaan Ekonomi Mustahik Badan Amil Zakat Nasional in improving the economic welfare of mustahik. This study uses qualitative research methods that produce descriptive data. Where this research is based on observations made by the author and then explained according to what the author observed in the field. The data collection that the researchers did was using the method of observation, documentary interviews, and other data. When the data has been collected, the researcher conducts an analysis and then draws conclusions from the analysis. The results of this study are Lembaga Pemberdayaan Ekonomi Mustahik BAZNAS plays a role in the development of micro, small and medium enterprises (MSMEs) and focuses on potential creative businesses, empowers by providing business development capital assistance, in accordance with the budget draft proposed by mustahik, and approved by LPEM BAZNAS. Keywords: The Role of LPEM BAZNAS, Mustahik's Economic Welfare

Impact of working capital management on profitability: Evidence from Pakistan oil sector

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v5i1.7825 ◽

2015 ◽

Vol 1 (1) ◽

pp. 286

Author(s):

M.Yousaf Raza ◽

Muhammad Bashir ◽

Khalid Latif ◽

Touqeer Sultan Shah ◽

Mushtaq Ahmed

Keyword(s):

Financial Management ◽

Capital Budgeting ◽

Capital Management ◽

Working Capital ◽

Working Capital Management ◽

Operating Profit ◽

Work In Process ◽

Fixed Assets ◽

Oil Sector ◽

The Impact

This study explores the impact of working capital management on the profitability of the firms in the oil sector of Pakistan. For the purpose of testing this relationship data from the annual reports of the sample companies is used from the period 2006 to 2010. Cash conversion cycles (CCC), average receivable, Average inventory, average payable, and current ratio are used as a measure of working capital management, while gross operating profit is used as a measure of profitability of the firm. There are three major issues in financial management that are capital budgeting, capital structure, and working capital management. So working capital management is one of the three major issues in financial management. A commercial firm consists of two types of assets, which are fixed assets and current assets. Current assets of a firm consist of cash, bank balance, account receivable, raw material, work in process, and finished goods. While fixed assets of the business require capital expenditure and these are used in increasing the production of the business, the Current assets are used in utilizing the fixed assets in day to day transactions. Hence Current assets are regarded as lifeblood for any business firm, the play vital role in the daily operations of the business. Current assets and current liabilities regarded as are very important component of total assets and they need to be carefully managed for the long term success of the business. In this paper working capital management provide us profit by using average payable and gross operating profit but other variables in hypothesis shows negative relationships with each other.

Working Capital Management and Its Impact on Profitability in Tyre Industry: A Study of Selected Companies

Journal of Advanced Research in Economics and Administrative Sciences ◽

10.47631/jareas.v2i1.188 ◽

2021 ◽

Vol 2 (1) ◽

pp. 40-46

Author(s):

Tushar Rameshbhai Ajmera

Keyword(s):

Regression Analysis ◽

Financial Management ◽

Stock Exchange ◽

Practical Implication ◽

Capital Management ◽

Working Capital ◽

Working Capital Management ◽

Turnover Ratio ◽

The Impact ◽

Tyre Industry

Purpose: The main aim of this article is to find out the working capital management and its impact on profitability in Tyre Industry of selected companies which are listed on stock exchange in India. Approach/ Methodology/ Design: For the study, a time span of 8 years from 2011-12 to 2018-19 is considered, and based on it, any relation of net profit margin ratio and working capital components like current ratio, quick ratio, inventory turnover ratio, working capital turnover ratio is considered. The sample is selected based on higher market capitalisation during the study period. Regression analysis is also employed to investigate the impact of WCM on corporate profitability. Findings: The major findings of this study indicate that the profitability of Balkrishana was good compared to the other companies. The working capital of Ceat shows highly positive working capital management, whereas Apollo shows negative working capital management. These results were identified with the help of accounting tool as Ratio analysis and statistical tools as Regression analysis and ANOVA test for selected data. Practical Implication: The study examines the scenario of tyre industry with the help of working capital management in selected companies. The results of the study could be an indicator of the performance of the selected companies. Originality/Value: This paper provides some key insights to health and efficiency of the selected companies. The working capital ratios are indicative of good working capital management, leading to identifying issue in financial management and eventually improving the performance of the tyre industry.