scholarly journals Incorporation of the Intangibles into the Spanish Start-Ups by Activity Sector and Region. Improving Their Economic Sustainability

2020 ◽  
Vol 12 (10) ◽  
pp. 4268
Author(s):  
María Dolores García-Gallo ◽  
Félix Jiménez-Naharro ◽  
Miguel Torres-García ◽  
Susan L. Giesecke ◽  
José Guadix-Martín
Keyword(s):  
Intangible Assets ◽  
Descriptive Analysis ◽  
Financial Statements ◽  
Economic Sustainability ◽  
Financial Status ◽  
Start Up ◽  
Key Factor ◽  
The One ◽  
Evaluation And Monitoring ◽  
Start Ups

Nowadays, start-ups, assuming increasing importance, have the possibility to include intangible knowledge as another resource on which they can carry out planning exercises, impact studies, evaluation and monitoring, protection, accumulation and exploitation. The study carried out in this paper allows us to analyze the influence that intangible knowledge has on the financial status of a start-up and, therefore, on its economic sustainability. This enables start-ups to present a good image, become more transparent, have more opportunities, reduce uncertainty, improve sustainability, etc. Moreover, the study presents a descriptive analysis of intangibles according to regions and activity sectors. An analysis of variance was carried out, to see if there is a relationship between the investment in intangible assets and the activity sector and/or regions to which the company belongs. The study concludes that, among all sectors, the differences in the incorporation of intangible assets into financial statements are most recognized in tourism, which may be a key factor for the sustainability of this sector, especially in periods of economic crisis, such as the one Europe and the planet are currently facing.

Financial Statement and Projection Preparation in Start-Up Ventures

2009 ◽  
Vol 84 (1) ◽  
pp. 27-51 ◽  
Author(s):  
Gavin Cassar
Keyword(s):  
Information Economics ◽  
Financial Statements ◽  
Financial Statement ◽  
High Tech ◽  
Economic Significance ◽  
Sales Forecasts ◽  
Start Up ◽  
Fundamental Uncertainty ◽  
Start Ups ◽  
Funding Level

ABSTRACT: Using a representative sample of entrepreneurs who are in the process of starting a business, this study investigates the determinants of the preparation of financial statements and projections in start-up ventures. Consistent with predictions from information economics and contracting, I find that the use of outside funding, level of competition, and venture scale are positively associated with the intended frequency of financial statement preparation. However, comparing the economic significance of alternative influences suggests that the benefit of reducing competitive and fundamental uncertainty is more influential in explaining variations in intentions to prepare financial statements. Further, I find the determinants of preparation frequency vary among different financial statements; for instance, cash statements are more important for start-ups with products in earlier stages of development and with greater competition. In contrast to financial statements, the preparation of projections such as formal financial projections and regular sales forecasts by start-ups is positively associated with the importance of intangible investments such as patents, research and development, and with start-ups in high-tech industries.

scholarly journals Comparing Bootstrapping High-Tech Start-Up Companies in the West and in a Transition Country

2020 ◽  
Vol 7 (1) ◽  
pp. 7-14
Author(s):  
Dragana Popovic Renella ◽  
Vojin Senk ◽  
Fuada Stankovic
Keyword(s):  
Essential Feature ◽  
High Tech ◽  
Information Feedback ◽  
Industrialized Countries ◽  
Transition Country ◽  
The West ◽  
Start Up ◽  
The One ◽  
Start Ups

This is a study of the process of the development of high-tech start-up companies through the mechanisms of bootstrapping in two extremely different environments: the one of highly industrialized countries, such as USA and Switzerland; the other of Serbia, which is a post-communist transition country with particular difficulties. The research method is the analysis of case studies. One case study of US and two of Swiss start-ups build the base for the analysis. All three cases show common patterns: from the very beginning, these companies sell R&D services in their fields of expertise; and using the cash from these early sales, and the information feedback from cooperation with the early customers, they develop their resources and, eventually, also their own high-tech products. The essential feature of this process is the selling of R&D services and the first products in the neighborhoods. Then also two cases of high-tech start-ups from Serbia are analyzed. Both Serbian start-ups are founded in partnership with small high-tech companies from highly industrialized countries (Switzerland and Germany). The Western partners use their reputations and contacts to enable the early sales of the Serbian start-ups in the industrialized countries. This is crucial for the Serbian start-ups, because they have no domestic market for R&D services. Apart of this element, all other essential patterns of the Serbian cases are very similar to those of the Western cases.

THE ROLE OF FAMILY IN PRESERVING OF HEALTH FROM THE VIEW OF THE YOUTH

2021 ◽  
pp. 142-146
Author(s):  
Solodoukhina D.P.
Keyword(s):  
Positive Influence ◽  
Financial Status ◽  
Self Development ◽  
Key Factor ◽  
Healthy Life Style ◽  
Healthy Family ◽  
The One ◽  
State Programs ◽  
Social Components

The article is devoted to the analysis of views of the youth about health, factors contributing to health formation and the role of family in preserving of health. Methodology of work is a survey with electronic Google form. Attitudes and opinion of 430 people, citizens of Russia, mainly of the youngsters aged 18-24, have been studied. There was found that psychological and social components of health are the most important for young people, while the role of physical health in young age is underestimated. The majority of respondents (61,4%) defined healthy family as the one, where there are good sincere relationships between spouses and children. Half of the respondents (51,9%) marked the role of financial status of family in achievement of health. 34,4% of the respondents believe that in a healthy family parents devote much attention to self-development and education of their children. The majority of respondents (88,4%) realize that family is a key factor in formation of healthy behavior and healthy life style. Only half of respondents recognize the positive influence of family on their own health. The results of the study can be applied for development of regional and state programs in the field of public health and health promotion.

scholarly journals Open accelerators for start-ups success: a case study

2017 ◽  
Vol 20 (1) ◽  
pp. 80-111 ◽  
Author(s):  
Cinzia Battistella ◽  
Alberto F. De Toni ◽  
Elena Pessot
Keyword(s):  
Open Innovation ◽  
Research Question ◽  
Innovation Process ◽  
Open Approach ◽  
Content Type ◽  
Start Up ◽  
The One ◽  
Innovation Practices ◽  
Start Ups

Purpose The purpose of this paper is to investigate how the context of open innovation offered by accelerators can affect the successful growth of start-ups. The authors explore accelerators practices and tools in sustaining start-ups and increasing survival probability in their innovation process, with the aim of addressing the following research question: how can start-ups benefit from participation in an accelerator programme from an open innovation perspective? Design/methodology/approach A review of the literature on start-up successes and failures and on major practices in the open innovation paradigm was carried out, delineating them in the context of accelerators. Given the absence of literature on accelerator practices for supporting start-ups, and aiming at a comprehensive understanding of how the open environment within the accelerator influences a start-up’s survival (or even success) by mitigating the probability of failure, the authors conducted an exploratory case study in an English accelerator. Findings The open innovation practices mediated by an accelerator and the ones that are not covered, but that can benefit a start-up’s survival, are shown. On the one hand, main effective practices, such as dyadic co-creation with accelerator network partners and crowdsourcing, are revealed to address mostly the lack of, or wrong direction in, product, marketing and relative managerial abilities, which are not usually owned by a start-up due to its “newness”. On the other hand, some causes of failures, such as the intrinsic characteristics of founder teams, do not seem to be addressed by an open approach and neither does participation in an accelerator programme. Originality/value This paper is the first to study and link the literature on accelerators, start-ups and open innovation.

How Start-up Businesses View and Use Accounting in Early Year Operations

2020 ◽  
Vol 22 ◽  
Author(s):  
Contessa Hutchins
Keyword(s):  
Capital Investment ◽  
Sample Selection ◽  
Financial Statements ◽  
Debt Financing ◽  
Technology Industry ◽  
Start Up ◽  
Early Operations ◽  
Start Ups ◽  
Question Survey

This research analyzes how start-up companies implement accounting in their early operations and if that use of accounting (or lack thereof) has played a role in acquiring funding. Prior research shows that the quality of financial statements positively affects investing efficiency for companies in emerging markets (Chen et al., 2011). In this paper, we evaluate the hypothesis that start-ups using financial statements more extensively receive more outside funding than their counterparts. This was tested with a 27-question survey broken into three sections: demographic, accounting use, and financial information. There were 44 participants. The typical start-up profile is 5-6 years old, employs ten people, and identifies in the technology industry. Approximately 75% of participants reported using financial statements. While mostly viewed positively, some participants feel strongly against using standard accounting practices. Results showed companies who use financial statements more often reported a higher percentage of debt and investment funding received than those who used financial statements less frequently or not at all. In conclusion, accounting helps start-ups communicate higher quality information to investors, thus leading to a better chance of receiving capital investment/debt financing. This sample selection was not chosen randomly and is not a statistical depiction of the entire population.

scholarly journals Sustainability of Spanish Tourism Start-Ups in the Face of an Economic Crisis

2021 ◽  
Vol 13 (4) ◽  
pp. 2026
Author(s):  
María Dolores García-Gallo ◽  
Félix Jiménez-Naharro ◽  
Miguel Torres-García ◽  
José Guadix-Martín ◽  
Susan L. Giesecke
Keyword(s):  
Economic Crisis ◽  
Analysis Of Variance ◽  
Descriptive Analysis ◽  
Balance Sheet ◽  
Financial Sustainability ◽  
Economic Sustainability ◽  
Travel Agencies ◽  
The Face ◽  
Key Variables ◽  
Start Ups

In this research, a study is carried out on the differences between tourism start-ups in relation to intangibles, economic and financial sustainability, by region and by sector of activity, in order to determine their sustainability both in a situation of economic crisis and growth, In the study carried out in this article, the tourist startups are identified, by branch of activity (hotels, restaurants, transport and travel agencies) with identification of intangibles in their balance sheet. Once identified, a descriptive analysis of the incorporation of intangibles, economic sustainability and financial sustainability, by branch of activity and community, is developed. This analysis is completed with an analysis of variance to determine if there is a relationship between intangible and branches of tourism and region; economic sustainability and branches of tourism and region; financial sustainability and branches of tourism and region. The conclusions of the work show that parameters such as investment in intangibles, economic sustainability and financial sustainability are key variables in crisis situations such as the current one.

scholarly journals Elaborating the Methodology for Comparative Assessment of Telecommunication Intangible Assets in the Context of the Global Trend of Their Development

2021 ◽  
Vol 1 (516) ◽  
pp. 232-242
Author(s):  
V. M. Orlov ◽  
◽  
S. I. Grytsulenko ◽  
Keyword(s):  
Intangible Assets ◽  
Comparative Assessment ◽  
Measuring Instruments ◽  
Integral Index ◽  
Statistical Research ◽  
Global Trend ◽  
The World ◽  
Telecommunication Companies ◽  
Key Factor ◽  
The One

In the conditions of the technological stage of the information society development, intangible assets in the form of the latest knowledge and technologies become a key factor in the competitiveness of the world’s leading companies, including the ones in the sphere of telecommunications. In this regard, the problem of determining the level of development of telecommunication intangible assets in Ukraine in the context of the global trend as a basis for the elaboration of a methodology for their comparative assessment based on the integral index becomes relevant. To achieve this aim, the article measures the indicators of the intangible value of advanced telecommunication companies in the world, as well as intangible investments and the sectoral innovation in Ukraine. According to the findings of the statistical research on the development of telecommunication intangible assets, reasonable conclusions are presented. In particular, considered are their active build-up in the world, on the one hand, and the level of development in Ukraine that is not sufficient for the progress of the economy and movement towards the digital society, on the other. Based on the conclusions obtained and taking into account the need to search for new resources of economic growth, a methodology for computing the integral index of telecommunication intangible assets for domestic practice is elaborated. This methodology, including measuring instruments, criteria and assessment indicators, acts as an instrument for managing telecommunication intangible assets viewed from the point of the development basics. The assessment instrumentarium proposed in the publication serves as the basis for its further development in the direction of expanding the complex of factors (conditions) for the development of telecommunication intangible assets in Ukraine.

scholarly journals Start-up as a tool for implementation of investment decisions

2018 ◽  
Vol 2 (2) ◽  
pp. 1-11
Author(s):  
Olga Gura
Keyword(s):  
High Speed ◽  
High Tech ◽  
Start Up ◽  
High Tech Product ◽  
Global Companies ◽  
Technology Talent ◽  
The One ◽  
The Right ◽  
In The Beginning ◽  
Start Ups

Introduction. Start-up is the first necessary stage of a life cycle of innovations. Discovering of foreign experience shows us a limited count of theoretical researches  in case of the start-up business methodology. A high-speed system of a support of the start-ups  is the fundament for an activation of innovations deals, the increase of the volume of innovations production, the export of high-tech product. Aim and tasks. The aim of the article is discovering of the matter and conditions of Ukrainian IT-business, finding the main sources of a financing of the start-ups in conditions of national economy instability and the detection of potential investment sources for some innovation projects on the data of the start-ups modern financing condition. This article uses dialectical method of research of economy actions and processes in their development and interconnection, systematically way for researching issues. Research results. The start-up business has differences from the ordinary business, because the investors invest money in it in the beginning of existence, not in time of successful working. One of the main spheres of the modern start-up business is IT-industry. The biggest spheres of modern investment: the outsourcing, the “Angels’ investments”, the crowdfunding. The Venture Capital and Direct Investment Association (UVCAeu) was founded in Ukraine and the task of this association is the assistance for global companies development in Ukraine and connecting Ukrainian and world’s start-up communities. Conclusions. Ukraine is becoming the IT-nation. The Technology talent is the unique feature of our country. The one we really need is the entrepreneurial grip in meaning of the right presentation of our product. Today we have to be confident in our start-ups prospective, and each year the world will talk more and more about the success of the Ukrainian projects and our country in general.

scholarly journals Positive local externalities of immigration on entrepreneurship: Evidence from the UK East Midlands region

2019 ◽  
Vol 34 (3) ◽  
pp. 271-293 ◽  
Author(s):  
Frederick Wedzerai Nyakudya
Keyword(s):  
Critical Factor ◽  
Direct Link ◽  
Individual Level ◽  
East Midlands ◽  
Start Up ◽  
Neighbourhood Characteristics ◽  
The One ◽  
The Individual ◽  
The Uk ◽  
Start Ups

This article examines the effects of immigration on entrepreneurship, making a distinction between the individual level and the neighbourhood characteristics. The study combined individual level drawn from the Global Entrepreneurship Monitor data with neighbourhood level data for the English Index of Multiple Deprivation East Midlands region in the UK and applied a maximum likelihood logit model to test the hypotheses. The empirical evidence suggests that there is no direct link between the internal immigrants and start-ups on the one side; yet, there is direct link between the external immigrants and start-ups on the other side. However, the findings point to the importance of indirect effect of neighbourhood characteristics, as external immigrants have a significant effect on an individual’s perception of new entrepreneurial opportunities which predicts start-up activity. Their presence in the neighbourhood has a positive monotonic effect on individual entrepreneurship. Therefore, the critical factor is not that external immigrants come with unique knowledge and skills they utilise in the creation of their own businesses, instead they produce positive local externalities enabling others to start-up businesses.

scholarly journals A Six-Sigma DMAIC Approach to Improve the Sales Process of a Technology Start-Up

2021 ◽  
Vol 6 (6) ◽  
pp. 1487-1517
Author(s):  
Desy Wartati ◽  
Jose Arturo Garza-Reyes ◽  
Marcos Dieste ◽  
Simon Peter Nadeem ◽  
Rohit Joshi ◽  
...  
Keyword(s):  
Process Improvement ◽  
Six Sigma ◽  
Statistical Validation ◽  
Start Up ◽  
Sales Process ◽  
Potential Benefits ◽  
Service Sectors ◽  
Study Methodology ◽  
The One ◽  
Start Ups

Despite the adoption of Six-Sigma in different service sectors, its application in the Sales function of a Technology-based Start-up has not been explored. This paper deploys an action research-based study methodology and conducts a thorough analysis of a Technology Start-up company in Indonesia, using Six-Sigma principles and the Define-Measure-Analyse-Improve-Control (DMAIC) approach. Statistical validation of the causes of problems helped to formulate a strategy that may have otherwise not been possible. The results of the study and proposed solutions confirm the potential benefits of adopting Six-Sigma in the Sales function of technology start-ups to reduce, particularly, customer waiting time. The novelty of this research lies in the fact that it applies Six-Sigma in a transactional process such as sales, which earlier studies have not explored in depth. This paper can be employed as a reference for organisations to undertake and guide specific process improvement projects similar to the one presented.

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