How Can Ceramic Small-Medium Enterprises Access to Finance in China?

2010 ◽  
Vol 177 ◽  
pp. 427-429
Author(s):  
Rong Hui Hua ◽  
Li Wei Zhou
Keyword(s):  
Information Asymmetry ◽  
Social Service ◽  
External Environment ◽  
Credit System ◽  
Access To Finance ◽  
Set Up ◽  
Market Preference ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Finance Department

It is necessary to discover the factors that block small-medium enterprises (SMEs) do financing successful. The paper describes market preference, credit system and social service which affect company doing finance by external environment. Moreover, information asymmetry and weak social service make SMEs do finance hard. The paper gives some suggestions such as set up a new finance department in the company, perfect credit system and social service.

scholarly journals Empowering The Communities in The Coastal Areas Of Lamongan East Java to Improve Their Welfare

2020 ◽  
Vol 9 (5) ◽  
pp. e04952745
Author(s):  
Sri Handini ◽  
Sukesi Sukesi ◽  
Hartati Kanty Astuti
Keyword(s):  
Local Government ◽  
Asset Management ◽  
Coastal Area ◽  
Quantitative Methods ◽  
Coastal Areas ◽  
Community Empowerment ◽  
Household Asset ◽  
Set Up ◽  
Small Medium Enterprises ◽  
Medium Enterprises

East Java is a Province that has the potentials to grow and develop its Micro, Small, Medium Enterprises (Hence: MSMEs) in each of itscity/regency both located in the coastal and inland regions. The number of MSMEs in Indonesia is currently around 59.2 million (CNN Indonesia / Safir Makki). Three point seventy-nine (3.79) million of which have utilized the online platform in marketing their products, composing about about 8% of the total MSME entrepreneurs in Indonesia. In the digital era 4.0, of course, MSMEs entrepreneurs must also follow the current digital developments. The number of MSMEs in Lamongan City is 252,734 units. Some of these are based on the coastal areas, and they have enormous economic potentials,yet they have not yet grown optimally due to the constraints of management quality, access to funding, managerial models, business opportunities, and accessto information. For this reason, the researchers feel the urge to design an empowering model for the MSMEs in the coastal area communities to develop them more effectively as to foster the growth of MSMEs centers which are expected to contribute a lot to the local government, especially in Lamongan, East Java. The objectives of the research are: (a) identifying the characteristics of the community empowerment models (b) formulating a model of community empowerment to set up effective MSME centers (c) testing the effectiveness of community empowerment models in developing MSME centers (d) evaluating and refining the community empowerment models in developing MSME centers, and eventually formulating an effective management model for MSME centers in the coastal areas in East Java. The research makes use of a descriptive approach combined with quantitative methods. The object of the research is Brondong Village in Brondong District, Lamongan Regency. The results of this research reveal that the model of the community empowerment pattern in the MSME centers in Brondong Village in Brondong Lamongan District, in the coastal area of East Java is not yet effective, and that improvements in the aspects of community empowerment, household asset management, social interaction, institutions, and strategies for the community empowerment are imperative. And joint guidance and assistance from the local government, as well as its related agencies, and higher education institutions are necessary

scholarly journals Corporate failure: Bankruptcy prediction for Italian SMEs based on a longitudinal case study from 2000 to 2011

2020 ◽  
Vol 17 (3) ◽  
pp. 27-33
Author(s):  
Francesca di Donato ◽  
Luciano Nieddu
Keyword(s):  
Bankruptcy Prediction ◽  
Financial Statement ◽  
Credit System ◽  
Longitudinal Case Study ◽  
Corporate Failure ◽  
Italian Case ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
A Company

We investigate the case of Small-Medium Enterprises (SMEs) in Italy trying to understand if key performance indicators obtained from the financial statement are able to predict possible distress in a company with enough time to take some corrective actions. In order to test the hypotheses, a nonparametric supervised classification algorithm has been applied to a random sample of 100 non-listed SMEs, considering 50 companies that filed for bankruptcy during the period 2000-2011 and 50 companies still active on the market at the end of 2011. Results describe the Italian picture for SMEs during an economic crisis period. They show that, for the Italian case, it is possible to predict with enough time (4-5 years prior to failure) a distress situation in a firm through classification methods. Anyway, these methods are not predicting the health of a company but the possibility of the firm to access the credit system. The results are limited to the Italian SMEs context which is quite particular if compared with other countries in Europe. The dataset is limited in size but has been chosen to be representative of non-listed Italian companies.

EDI and Small/Medium Enterprises

2011 ◽  
pp. 142-151
Author(s):  
R. C. MacGregor ◽  
D. J. Bunker
Keyword(s):  
Supply Chain ◽  
Small Business ◽  
Small Businesses ◽  
Customer Relations ◽  
Bottom Line ◽  
The Future ◽  
And Performance ◽  
Set Up ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Small/ medium enterprises (SMEs) represent a sizeable proportion of the GDP of most western economies. Not only are they the single largest employer of both skilled and unskilled labour but they make up a large proportion of the supply chain of larger enterprises. Although there is a strong advocacy for the potential of EDI to improve the performance of those firms involved in the industrial supply chain, Lee, Clark and Tar (1999) suggest that much of the improvement—which includes areas such as: improving the bottom line; working faster and better in the organisation; gaining strategic advantage; strengthening customer relations; preparing for the future in business—benefits the EDI champion rather than those coerced into EDI use. Studies (Kilbane, 1998; Tucker, 1997) have shown that noncompliance to EDI by SMEs can result in larger enterprises being ‘limited’ in their own business practices often far more than the small business’s economic contribution. A number of reasons have been put forward in the literature as to why SMEs have been slow, or indeed resistant to adopt EDI. These include high set-up costs, poor security and limited EDI partners. While clearly these are important, Harvey (1992) and Mackay (1992) suggest that when attitudes to EDI are being considered, this must be taken in the context of attitudes to IT in general. Based on the views of both Harvey (1992) and Mackay (1992), this chapter examines two studies carried out in Australia. The first study examined the attitudes of SME managers towards the acquisition of IT in their organisations. 131 small businesses were surveyed, the results suggesting small business managers considered the benefits expressed by EDI advocates (improving the bottom line; working faster and better in the organisation; gaining strategic advantage; strengthening customer relations; preparing for the future in business) as being of little consequence. Rather, their primary considerations for the adoption of IT were cost/benefit, ease of use and performance. A second study concentrated on 16 of the respondents from the first study who had adopted EDI in order to conduct business with Australia’s largest steel- making company, Broken Hill Proprietary (BHP). While the second study is, at best, a pilot, both suggest that designers and advocates alike need to examine the small business environment more closely. They need to realise that the operation of SMEs differs markedly from their larger counterparts and that small businesses’ managers are more interested in maintaining the operational level of the firm rather than attempting to gain a strategic advantage.

PENGARUH PENYELENGGARAAN HAJI TERHADAP PENINGKATAN AKTIVITAS EKONOMl DI WILAYAH PROPINSI DKI JAKARTA

ALQALAM ◽  
2013 ◽  
Vol 30 (2) ◽  
pp. 380
Author(s):  
Chairul Akmal
Keyword(s):  
Secondary Data ◽  
Travel Agency ◽  
Economic Activities ◽  
Factors Affecting ◽  
Regression Methods ◽  
The Social ◽  
Travel Agencies ◽  
Relationship Model ◽  
Small Medium Enterprises ◽  
Medium Enterprises

This research analyzes some factors affecting economic activities in relation with the conduct of pilgrimage. Those factors are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers. The objective of this research is to acquire the information of how each factor and all factors together affect the economic activities. This research also analyzes the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses on UMKM - Micro, Small, Medium enterprises' economic activities.             This research is conducted in DKI Jakarta in 2007. The population of this research is the average economic activities in DKI Jakarta in 2007. There are 42 respondents (Banks), 157 respondents (travel agencies), and 50 respondents (UMKM - Micro, Small, Medium enterprises) which are taken as samples from the population using the purposive sampling method. The data is obtained by the researcher using questioners and secondary data which is taken from 1990-2007.             The methodology used in this research is based on. the causal relationship model In testing the hypothesis of this research, the researcher uses the simple and multiple regression methods, and path analysis method. The significant rate a = 0,05 used in determining the interpretation of the statistic result. The data is processed using SPSS (Statistical Packages for the Social Sciences) version 12.00.             The results of the analysis in the 1st equation -are (i) the effect of the pilgrimage cost on banks' revenues is quite strong, (ii) the effect of the pilgrimage cost on travel agencies' revenues is quite strong, (iii) the effect of the pilgrimage cost on UMKM - Micro, Small, Medium enterprises' revenues is weak.             The results of the analysis in the 2nd equation are (i) the effect, of the amount of pilgrims on Banks' revenues is very weak, (ii) the effect of the amount of pilgrims on travel agencies' revenues is very weak, (iii) the effect of the amount of pilgrims on UMKM - Micro, Smal4 Medium enterprises' revenues is very weak.             The results of the analysis in the 3rd equation are (i) the effect of the amount of pilgrimage officers on banks' revenues is very weak, (ii) the effect of the amount of pilgrimage officers on travel agencies' revenues is very weak, (iii) the effect of the amount officers on UMKM-Micro, Small Medium enterprises' revenues is very weak.   The results of the analysis in the 4th equation are (i) the effect of all three factors which are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on banks' revenues is very strong, (ii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on travel agencies' revenues is strong, (iii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on UMKM-Micro, Small Medium enterprises' revenues is strong.             The result of the analysis in the 5th equation is the effect of foods and drinks expenses on UMKM-Micro, Small Medium enterprises' revenues is weak. In the 6th equation, the effect of nonfoods and drinks expenses on UMKM-Micro, small Medium enterprises' revenues is weak. In the 7th equation, the effect of miscellaneous expenses on UMKM - Micro, Small Medium enterprises' revenues is quite strong. In the 8th equation, the effect of all three factors which are the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses simultaneously on UMKM-Micro, Small Medium enterprises' revenues is quite strong.             The implication of the research results mentioned above is the factors in the conduct of pilgrimage do increase the economic activities (Banks, Travel Agencies, and UMKM - Micro, Smal4 Medium enterprises) in DKI Jakarta. Therefore, considering that matter, the General Director of the conduct of pilgrimage division of Department of Religion Republic of Indonesia should determine the pilgrimage cost which is affordable, increase the service, and provide a good information system which will result in a better conduct of the pilgrimage. Key word: The Costs of Hajj, Hajj Officer, Travel Agency, UMKM

A Linear Programming Model for Product Mix Profit Maximization in A Small Medium Enterprise Company

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
S Mohd Baki ◽  
Jack Kie Cheng
Keyword(s):  
Linear Programming ◽  
Production Planning ◽  
Business Performance ◽  
Programming Model ◽  
Profit Maximization ◽  
Optimal Level ◽  
Linear Programming Model ◽  
Product Mix ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning. Many company have used linear programming model in determining the optimal combination of various products that need to be produced in order to maximize profit. Thus, this study aims for profit maximization of a SME company in Malaysia by using linear programming model. The purposes of this study are to identify the current process in the production line and to formulate a linear programming model that would suggest a viable product mix to ensure optimum profitability for the company. ABC Sdn Bhd is selected as a case study company for product mix profit maximization study. Some conclusive observations have been drawn and recommendations have been suggested. This study will provide the company and other companies, particularly in Malaysia, an exposure of linear programming method in making decisions to determine the maximum profit for different product mix.

The application of E-commerce among small medium enterprises : a case study in Kelantan

2007 ◽  
Vol 4 (2) ◽  
pp. 45
Author(s):  
Norudin Mansor ◽  
Che Ismail Long ◽  
Ahmad Ismail Mohd. Annuar
Keyword(s):  
Competitive Advantage ◽  
General Assumption ◽  
The State ◽  
Business Community ◽  
Research Project ◽  
Business Decision ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The research project was conducted to investigate the understanding of E-commerce Application among the SMEs in the state of Kelantan. Focusing on the population of registered members of Dewan Perniagaan Melayu Malaysia, Kelantan, a total of302 respondents were selected to participate in our study. Moving in line with the general assumption of world business community it is agreed that e-commerce application is highly relevant for the survival and meeting the challenges of borderless economy. At the same time, the process of acquiring knowledge and understanding the environment, coping with changes, and speeding up the business decision, able to further enhance the competitive advantage of the SMEs. Using the established model, our investigation focused on 5 identifiable variables to demonstrate its usefulness towards motivating SMEs to adopt e-commerce. Our analysis indicated that all the selected variables were significant towards enhancing the application of e-commerce and thus maintaining competitive advantage in the industry.

THE ACCESS TO GOVERNMENT FINANCIAL SUPPORT THROUGH LEGAL CHANNELS OF SMALL AND MEDIUM ENTERPRISES IN FOUR ASIA PACIFIC COUNTRIES

2020 ◽  
Vol 9 (2) ◽  
pp. 298
Author(s):  
Muhamad Marwan
Keyword(s):  
Financial Support ◽  
Small And Medium Enterprises ◽  
Mediation Effect ◽  
Asia Pacific ◽  
Survey Questionnaire ◽  
Access To Finance ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

The aim of this study is to determine the impact of networking on SME’s ability to access government financial support through legal channels in Asia Pacific. This study is quantitative in nature in which the data has been gathered from 281 employees and managers working in SMEs through survey questionnaire. The SEM technique was utilised for the purpose of analysing and testing the mediation effect. The study found that there is a partial mediation of government financial support through legal channels among the relationship between networking with officers and access to finance. This study is restricted to the SMEs operating in the region of Asia Pacific.

The Impact of Business Mentoring on Micro, Small, Medium Enterprises Performance

2017 ◽  
Vol 1 (1) ◽  
pp. 31-37
Author(s):  
Mohammad Adrian ◽  
Hendrati Dwi Mulyaningsih ◽  
Santi Rahmawati
Keyword(s):  
Quantitative Research ◽  
Causal Analysis ◽  
Coefficient Of Determination ◽  
Mentoring Program ◽  
Simple Regression Analysis ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact ◽  
Necessity Entrepreneur ◽  
Simple Regression

This reasearch is conducted on MMSME (Micro Small Medium Enterprises) that are participated in the MMSME Syari’ah Mentoring Program by Academicians and Practitioners (PUSPA) organized by Bank Indonesia in Bandung. MMSME who participated in PUSPA program 2016 is MMSME that included in necessity entrepreneur where MMSME operated just to fullfil the life necessities. The purpose of this reasearch was to investigate the influence of the business mentoring on the MMSME performance in PUSPA program 2016. Researcher used quantitative research method. Data were analyzed using simple regression analysis and descriptive-causal analysis. The result showed that business mentoring affect the performance of MMSME that participated in PUSPA Program 2016. Based on the calculation, coefficient of determination (R2) can be seen the influence of business mentoring variable (X) on the performance (Y) is 74%. While the remaining 26% is influenced by other factors such as entrepreneurship competence and human resources.

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