scholarly journals Factoring and Stock Financing in Trade Finance

2018 ◽  
Author(s):  
Yunus Ceran ◽  
Muhammet Bezirci ◽  
Mustafa Ay ◽  
Merve Öztürk
Keyword(s):  
Automotive Industry ◽  
Current Issue ◽  
Financial Institution ◽  
Bank Loans ◽  
Bank Loan ◽  
Alternative Methods ◽  
Risk Level ◽  
Trade Finance ◽  
A Current ◽  
Stock Financing

Factoring is a nonbank financial institution which meets the financing needs of the enterprises and minimizes the non-payment risk and stock financing which is based on the bank loans are two alternative financing techniques that enables collateral and collection and financing to SME’s, suppliers and commercial enterprises. These two methods are important in terms of the advantages they provide to vendors and suppliers. Reducing the non-payment risk, securing liquidity to business, minimizing the risk level of sales by making them safer and increasing competition power on the market are among the advantages. Stock financing is another method which is much more recent than factoring became a current issue in 2000’s and developed to minimize non-payment risk and provide cash flow on the basis of bank loan. In Turkey, this method is only applicable to automotive industry for now. This method emerges as an advantageous method for businesses experiencing difficulties in financing, inability to collect their receivables, and the inability to deplete their inventories. With the stock financing method, car dealers have affordable and easy credit facilities in order to make payments to the main supplier in exchange for their existing inventories. The aim of this study is to compare factoring and stock financing method and revealing the advantageous and disadvantageous points of two alternative methods.

scholarly journals Safety and Automatization of Machining Line

2020 ◽  
Vol 2 (1) ◽  
pp. 268-274 ◽  
Author(s):  
Ondřej Fíla ◽  
Karel Sellner ◽  
Daniela Vysloužilová ◽  
Dorota Klimecka-Tatar
Keyword(s):  
Economic Efficiency ◽  
Automotive Industry ◽  
Environmental Conditions ◽  
Material Flow ◽  
Current Issue ◽  
Operating Parameters ◽  
Production Plant ◽  
Overall Efficiency ◽  
Machining Lines ◽  
A Current

Abstractthe paper deals with problematic of machining lines of machine components for the automotive industry. There is a current issue of increasing labor productivity and economic efficiency of production with full safety of production and environmental protection. Therefore, for a specific practical assignment, the replacement of existing machinery using manual workpiece handling is performed by a fully automated safety-accessible one. For this purpose, an analysis of the technical and operating parameters of the proposed NC machines has been prepared. Attention is paid to optimization of material flow and arrangement of individual workplaces of production machines including handling and transfer of material between individual workplaces. Particular attention is paid to the safety of workers and improves the environmental conditions of the production plant. Finally, the overall efficiency of the proposed solution is evaluated in detail compared to the current solution.

Discretionary Accruals in Italian Private Firms and Non-Linear Bank Loan Granting

2017 ◽  
pp. 83-99
Author(s):  
Elisabetta Mafrolla ◽  
Viola Nobili
Keyword(s):  
Financial Reporting ◽  
Banking System ◽  
Regulatory System ◽  
Discretionary Accruals ◽  
Bank Loans ◽  
Bank Loan ◽  
Banking Union ◽  
Private Firms ◽  
European Banking Union

This paper investigates whether and at what extent private firms reduce the quality of their accruals in order to signal a better portrait to the bank and obtain new or larger bank loans. We measure earnings discretionary accruals of a sample of Italian private firms, testing whether new and larger bank loans are associated with a higher (lower) quality of earnings in borrowers' financial reporting. We study bank loan levels and changes and how they impact discretionary accruals and found that, surprisingly, private firms' discretionary accruals are systematically positively affected by an increase in bank loans, although they are negatively affected by the credit worthiness rating assigned to the borrowers. We find that the monitoring role of the banking system with regard to the adoption of discretionary accruals is effective only when the loan is very large. This paper may have implications for policy-makers as it contributes to the understanding of the shortcomings of the banking regulatory system. This is an extremely relevant issue since the excessive amount of non-performing loans held by Italian banks recently threatened the stability of the European Banking Union as a whole.

scholarly journals Only the brave: improving self-rationing efficiency among discouraged Swiss SMEs

2021 ◽  
Author(s):  
Reto Wernli ◽  
Andreas Dietrich
Keyword(s):  
Unique Feature ◽  
Bank Loans ◽  
The Self ◽  
Bank Loan ◽  
Firm Characteristics ◽  
Policy Makers ◽  
Banking Market ◽  
Application Procedure ◽  
Discouraged Borrowers ◽  
New Evidence

AbstractWe conduct a survey among 1922 Swiss SMEs to analyze their access to bank loans. Credit-constrained SMEs are six times more likely to be discouraged than rejected. The most dominant reasons for being discouraged are too high collateral requirements, cumbersome application procedure, and the expectation of being turned down. Through a unique feature in the Swiss banking market, we also find new evidence for the importance of a strong firm–bank relationship. We challenge the assumption that discouraged borrowers are very similar to rejected borrowers. Our results indicate that the group of discouraged borrowers is more similar to the denied borrowers than to the group of approved borrowers, but only with respect to firm characteristics. For variables describing business development and firm–bank relationship, discouraged SMEs have less in common with credit-constrained firms than with their unconstrained counterparts. Even with a conservative prediction, about 60% of the discouraged firms would have obtained a bank loan if they had applied for one. The self-rationing mechanism observed is thus rather inefficient, and banks and policy makers should think about how to foster SMEs’ courage to apply for the bank loans they need.

Determinants of commercial bank loan and advance disbursement: the case of private Ethiopian commercial banks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tekeste Birhanu ◽  
Sewunet Bosho Deressa ◽  
Hossein Azadi ◽  
Ants-Hannes Viira ◽  
Steven Van Passel ◽  
...  
Keyword(s):  
Credit Risk ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Inflation Rate ◽  
Bank Loans ◽  
Bank Loan ◽  
Portfolio Investment ◽  
Negative Effects ◽  
Content Type ◽  
Lending Rate

PurposeThis paper aimed to investigate the determinants of loans and advances from commercial banks in the case of Ethiopian private commercial banks.Design/methodology/approachThe study randomly selected seven commercial banks to represent the population stratified on their asset, deposit and paid-up capital amounts. The study utilized an unbalanced panel data model as each bank started operation at a different period of time and considered the period 1995–2016 for secondary details.FindingsThe findings showed that the deposit size, credit risk, portfolio investment, average lending rate, real gross domestic product (GDP) and inflation rate had significant and optimistic effects on the lending and advancement of private commercial banks. On the contrary, liquidity ratio had significant and negative effects on private commercial bank loans and advances. Finally, the study forwarded a feasible recommendation for concerned organs to focus on deposit size, credit risk, portfolio investment, average lending rate, real GDP, inflation rate and liquidity ratio. The results of this study will help banking industry policymakers and planners understand how to minimize inflation and unemployment by improving development and sustainable economic growth.Originality/valueThe findings of this study can also affect the general attitudes of a society by increasing knowledge and improve the quality of life for the general public.

scholarly journals Naturalização das demandas para a Psicologia: uma questão atual / Normalization of the Demands for Psychology: A Current Issue

2014 ◽  
Vol 4 (2) ◽  
pp. 188-205
Author(s):  
Andréa Luiza Da Silveira ◽  
Karine Vanessa Perez ◽  
Volmir Mielczarski dos Santos
Keyword(s):  
Current Issue ◽  
A Current

A ampliação do campo das políticas públicas, a partir da década de 1980 no Brasil, tem provocado o surgimento de uma diversidade de práticas nas quais se dirigem novas demandas para o campo da psicologia.  Com o intuito de problematizar o efeito destas demandas na reconfiguração deste campo, tomamos a naturalização como eixo norteador. Desenvolvemos inicialmente nosso argumento partindo da análise da naturalização como um elemento que se fez presente desde a instauração da psicologia, considerando as crises que operam em seu desenvolvimento desde o momento que ela se impôs a tarefa de renovação e ultrapassagem de modos de compreensão naturalizantes.  Esta renovação é um fato histórico que se repete no desenvolvimento da psicologia mantendo-se como uma tarefa sempre incompleta. Assim, para formularmos aspectos relativos às especificidades dos efeitos da naturalização das demandas nas instituições nos dedicamos a um retorno às elaborações iniciais dos analistas institucionais que se realizaram no contexto das manifestações de maio de 1968. De posse destes elementos passamos à análise do contexto atual das políticas públicas, partindo de uma reflexão sobre a inteligibilidade neoliberal e o quanto ela vem transversalizando tanto a dimensão das demandas quanto das práticas da psicologia. Depois avançamos sobre algumas considerações do quanto o redimensionamento da relação da política com a clínica pode criar alternativas perante as modulações do capitalismo vigente.

scholarly journals Which companies find it easier to obtain bank loans? Evidence from China

2013 ◽  
Vol 10 (3) ◽  
pp. 389-401 ◽  
Author(s):  
Wenjuan Ruan ◽  
Erwei Xiang
Keyword(s):  
Commercial Banks ◽  
Institutional Development ◽  
Listed Companies ◽  
Bank Loans ◽  
Foreign Banks ◽  
Bank Loan ◽  
Private Companies ◽  
Empirical Results ◽  
Chinese Listed Companies ◽  
Loan Financing

The study investigates the determinants of bank loan financing of Chinese listed companies from 1996 to 2009. The empirical results suggest that the channels through which companies obtain bank loans are different. Companies controlled by the state can more easily obtain loans from state-owned commercial banks and policy banks, while privately controlled companies have significantly larger access to loans from foreign banks. The empirical results also show that political connectedness and institutional development are the significant determinants of the bank loan financing of private companies. If companies locate in an area with higher level of institutional development, the proportion of their loans from state-owned banks is smaller than that of companies locate in areas with lower level of institutional development

scholarly journals La representación de la Ley antitabaco en la ficción televisiva española. Estudio comparativo con la prensa | The representation of the anti-smoking law in the Spanish television fiction. Comparative study with the press

2013 ◽  
Author(s):  
Belén Puebla Martínez
Keyword(s):  
Narrative Analysis ◽  
Current Issue ◽  
Visual Narrative ◽  
Current Period ◽  
The Press ◽  
The Media ◽  
Object Of Study ◽  
Medios De Comunicacion ◽  
A Current

ResumenPresentamos en esta investigación el análisis de un tema de actualidad a través de la realidad representada en la ficción y la realidad mediatizada en la información. Debido a la naturaleza del objeto de estudio – las telecomedias españolas –realizamos un estudio de caso de tal modo que podamos comparar el tratamiento que el tema propuesto en los medios de comunicación, concretamente en la prensa, frente a la manera de exponerlo en las tramas de los capítulos de las series. Para analizarlo hemos considerado conveniente realizar un análisis narrativo audiovisual cualitativo a un tema estrechamente relacionado con la actualidad del periodo que se plantea en este estudio y que está presente en las series analizadas: 7vidas y aquí no hay quien viva. El tema elegido es la implantación de la Ley Antitabaco 28/2005 de 26 de diciembre y que fue recogida por ambas telecomedias en el primer capítulo que emitieron en el mismo mes de la promulgación de la ley. Abstract We present in this study the analysis of a current issue through the reality represented in fiction and reality mediated in information. Due to the nature of the object of study - the Spanish sitcom- conducted a case study so that we can compare the treatment that the proposed topic in the media, particularly in the press, in front of the way to put in chapters of the series. To analyze this we considered advisable to conduct a qualitative visual narrative analysis a subject closely related to current period arising in this study and is present in the series analyzed: 7 vidas and Aquí no hay quien viva. The theme is the implementation of the anti-smoking law 28/2005 of December 26 and was picked up by two sitcoms in the first chapter that issued in the same month of the enactment of the law. Palabras claveRepresentación, series de televisión, prensa, análisis cualitativo, 7 vidas, Aquí no hay quien viva.KeysworksRepresentation, spanish television fiction, press, qualitative analysis, 7 vidas, Aquí no hay quien viva.

scholarly journals Bioethics and the Employment of Elderly People in the State of Hidalgo

2021 ◽  
Vol 2 (4) ◽  
pp. 1-9
Author(s):  
Silvia Lizbeth Aguilar ◽  
Sonia Bass-Zavala
Keyword(s):  
Elderly People ◽  
Current Issue ◽  
Demographic History ◽  
The Elderly ◽  
The State ◽  
Health Needs ◽  
Ageing Population ◽  
Basic Health ◽  
Economic Decisions ◽  
A Current

A current issue of relevance for Mexico is the aging of the population, its demographic history has been strongly related directly to political and economic decisions. The ageing population faces significant income-generating challenges, which are essential to meeting its basic health needs, which are increasing considerably. For what is transcendental to characterize as precarious labour has permeated the elderly of the State of Hidalgo, on the basis of the integration of socio-demographic and economic indicators that allow the exploration of the conditions in which this segment of the population finds itself, which is growing every day and serves as an instrument for the generation of public policies.

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