scholarly journals Impact of Green Initiatives on the Financial Performance of Small and Medium Enterprises: The Case of Manufacturing Firm in Central Luzon

2021 ◽  
Vol 12 (1) ◽  
pp. 28
Author(s):  
Mª Teresa B. Alfaro ◽  
Rowell Agliones Diaz
Keyword(s):  
Economic Development ◽  
Financial Performance ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Development Plan ◽  
Survey Method ◽  
Manufacturing Firm ◽  
Economic Development Plan ◽  
Printed Materials ◽  
Medium Enterprises

<p class="Abstract">This study was conducted to propose the Green Economic Development Plan for Manufacturing S.M.E.s based on financial performance and operations thru Green Initiatives. The descriptive survey method used to gather data to determine the green initiative's implementation of small and medium (S.M.E.s) manufacturing enterprises. Green initiatives use as a basis for crafting a green economic development plan.  Document analysis was also employed to obtain data from any available printed materials and records provided by the respondents.  Such methods of gathering information used to validate data gathered from local and foreign-related literature.  The observation also employed to survey the assets owned and validate any green initiatives practiced, including their implementation. The study's findings show that among the green initiatives implemented by SMMEs, which resulted in the reduction of total costs and expenses, were the proper disposal and segregation of waste materials, water management by recycling wastewater and using water-efficient equipment, natural resources, and raw materials management.  SMMEs should encourage active participation and support of suppliers and customers in achieving G.E.D.'s objectives by developing incentive schemes. <span lang="EN-US">Furthermore, SMMEs should continue to benchmark with G.E.D. Practitioners are operating locally and abroad to adopt best greening strategies and regularly network with concerned government agencies for continuous updating on G.E.D. Initiatives that may benefit the firm.  Further research may be conducted on green initiatives implemented by small and medium enterprises in other industry sectors.</span></p>

scholarly journals Impact of Green Initiatives on the Financial Performance of Small and Medium Enterprises: The Case of Manufacturing Firm in Central Luzon

2020 ◽  
Author(s):  
ROWELL DIAZ ◽  
Ma. Teresa Alfaro
Keyword(s):  
Economic Development ◽  
Financial Performance ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Development Plan ◽  
Survey Method ◽  
Manufacturing Firm ◽  
Economic Development Plan ◽  
Printed Materials ◽  
Medium Enterprises

This study was conducted to propose the Green Economic Development Plan for Manufacturing S.M.E.s based on financial performance and operations thru Green Initiatives. The descriptive survey method used to gather data to determine the green initiative's implementation of small and medium (S.M.E.s) manufacturing enterprises. Green initiatives use as a basis for crafting a green economic development plan. Document analysis was also employed to obtain data from any available printed materials and records provided by the respondents. Such methods of gathering information used to validate data gathered from local and foreign-related literature. The observation also employed to survey the assets owned and validate any green initiatives practiced, including their implementation. The study's findings show that among the green initiatives implemented by SMMEs, which resulted in the reduction of total costs and expenses, were the proper disposal and segregation of waste materials, water management by recycling wastewater and using water-efficient equipment, natural resources, and raw materials management. SMMEs should encourage active participation and support of suppliers and customers in achieving G.E.D.'s objectives by developing incentive schemes.Furthermore, SMMEs should continue to benchmark with G.E.D. Practitioners are operating locally and abroad to adopt best greening strategies and regularly network with concerned government agencies for continuous updating on G.E.D. Initiatives that may benefit the firm. Further research may be conducted on green initiatives implemented by small and medium enterprises in other industry sectors.

scholarly journals China's Built and Road Initiative: Challenges and Opportunities in Xinjiang

2020 ◽  
Vol V (II) ◽  
pp. 75-88
Author(s):  
Shabnam Gul ◽  
Ali Khan ◽  
Aftab Alam
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Raw Materials ◽  
Development Plan ◽  
The World ◽  
Challenges And Opportunities ◽  
Economic Development Plan

China's peaceful ascent has had a significant impact on the global economic system. There are two major reasons for this: the first and most important is Beijing's peaceful expansionist policies, and the second is its advanced industries and technologies. Their goal is to dominate global raw materials as well as the market through their goods. China has been working hard to promote built-and-road policies around the world in order to attain these aims, but it is also confronting various intra- and inter-level possibilities and obstacles. The purpose of this article is to analyse the Built-Road and the Sino-Pak economic corridor in general, as well as the obstacles and prospects for China's Xinjiang province in particular. Xinjiang's ambitious economic development plan calls for more than $8 billion in spending over the next five years alone. Its goal is to fully integrate Xinjiang into China's booming economy and absorb its people as equal citizens of the multi-ethnic state ruled by Beijing.

Impact of Small and Medium Enterprises on Economic Growth and Development

2013 ◽  
Vol 2 (1) ◽  
pp. 18 ◽  
Author(s):  
Muritala A Taiwo ◽  
Awolaja M Ayodeji ◽  
Bako A Yusuf
Keyword(s):  
Economic Growth ◽  
Local Government ◽  
Growth And Development ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Operating Cost ◽  
Modern Technology ◽  
Survey Method ◽  
Economic Growth And Development ◽  
Medium Enterprises

This paper seeks to investigate Small and Medium Enterprises as a veritable tool in Economic Growth and Development. A survey method was used to gather data from 200 SME/Entrepreneurial officers and Managers from five selected local government in Nigeria namely; Ijebu North, Yewa South, Sagamu, Odeda and Ogun Waterside Local government. Data was collected with a structured questionnaire and analyzed with several descriptive statistics to identify the perception of the roles of SMEs in Nigeria. The results of the study therefore reveals that the most common constraints hindering small and medium scale business growth in Nigeria are lack of financial support, poor management, corruption, lack of training and experience, poor infrastructure, insufficient profits, and low demand for product and services.  Hence, it therefore recommends that Government should as matter of urgency assist prospective entrepreneurs to have access to finance and necessary information relating to business opportunities, modern technology, raw materials, market, plant and machinery which would enable them to reduce their operating cost and be more efficient to meet the market competitions.

scholarly journals Analisis Kinerja Keuangan dengan Literasi Keuangan Syariah Sebagai Variabel Intervening

2020 ◽  
Vol 8 (1) ◽  
pp. 113
Author(s):  
Nurul Astutik ◽  
Anna Widiastuti
Keyword(s):  
Economic Development ◽  
Financial Performance ◽  
Performance Improvement ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Primary Data ◽  
Financial Satisfaction ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have an important role for a country's economic development in addition to being able to absorb labor as well as its contribution to Gross Domestic Product (GDP), where MSMEs are the largest informal sector driver in Indonesia. One of the concerns of many countries is from the financial literacy that is owned, but for this research the sharia financial literacy dimension is used. This study aims to analyze the financial performance of ikat weaving in Troso Jepara through determinants namely  hopelessness, religiosity and financial satisfaction with intervening Islamic financial literacy. Primary data were obtained from the results of questionnaire responses submitted to 88 respondents and analyzed with SPSS. Determination of the number of samples using the Slovin formula with the Incindental Sampling technique. The results of the study found that hopelessness did not affect islamic financial literacy, while religiosity influenced islamic financial literacy at MSMEs, while financial performance was only financial satisfaction variables that had an influence on performance improvement at MSME Weaving Ikats in Jepara Regency

scholarly journals MSME Empowerment (Marketing and Finance) Breadfruit Chips in Malangsari Village

2021 ◽  
Vol 2 (3) ◽  
pp. 298-304
Author(s):  
Agus Yudianto ◽  
Meddy Nurpratama
Keyword(s):  
Economic Development ◽  
General Public ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Community Needs ◽  
Business Opportunities ◽  
Medium Enterprises ◽  
Loyal Customers

In economic development, the role of micro, small and medium enterprises (MSMEs) is one of the drivers of the economy. It can be proven that the existence of MSMEs is able to provide jobs, reduce the number of unemployed and become a means of introducing local products so that they can be known by all circles of society. MSMEs exist because they provide opportunities that are used by MSME actors in providing community needs, businesses that are viral and provide business opportunities, tastes, prices are affordable by the general public, there are consumers who become loyal customers, the availability of raw materials that open up business opportunities, and etc.

scholarly journals Environmental Sustainability Practices of Immigrant-Owned Small and Medium Enterprises in South Africa

2018 ◽  
Vol 11 (17) ◽  
pp. 27-43
Author(s):  
Olawale Fatoki
Keyword(s):  
Energy Efficiency ◽  
Financial Performance ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Waste Reduction ◽  
Management Policy ◽  
Survey Method ◽  
Level Of Education ◽  
Sustainability Practices ◽  
Medium Enterprises

AbstractEnvironmental sustainability of immigrant-owned small and medium enterprises (SMEs) is important to a country’s long-term sustainable development. The study investigated the environmental sustainability practices (ESP) of immigrant-owned SMEs. In addition, the study examined the effect of demographic factors (age, gender and level of education) on ESP. The study also investigated the relationship between ESP and financial performance of SMEs. Data was collected from one hundred and eighty two immigrant small business owners. The survey method (self-administered questionnaire) was used for data collection. The participants in the study were conveniently sampled. Descriptive statistics, T-test, Pearson correlation and regression analysis were used for data analysis. The results indicated that immigrant-owned SMEs are engaged in recycling, energy efficiency and reduction of waste and pollution. Their involvement in environmentally friendly products and environmental management policy is limited. Females exhibit higher levels of recycling, waste reduction energy efficiency and reduction of pollution. Age and level of education positively affect environmental sustainability practices. Waste reduction, energy efficiency and reduction of pollution have significant positive relationships with financial performance. Recommendations to improve EPS are suggested.

scholarly journals Factors affecting SMEs’ development in Vietnam

Accounting ◽  
2022 ◽  
Vol 8 (2) ◽  
pp. 161-160 ◽  
Author(s):  
Dang Thi Mai Huong ◽  
Vu Viet Ninh ◽  
Nguyen Dinh Hoan ◽  
Dinh Quang Toan ◽  
Nguyen Thi Hong Van ◽  
...  
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Factors Affecting ◽  
Manufacturing Enterprises ◽  
Strategic Direction ◽  
Main Factors ◽  
The Government ◽  
Medium Enterprises

The enterprise's system, along with households and the government are the main factors in the production and consumption of the economy, which plays an extremely important role in the development of any country. Besides the large enterprises, which are often considered as the locomotives of the economy’s development, people are increasingly interested in a significant number of small and medium enterprises (SMEs) whose position and role has been confirmed through the actual economic development of many countries and economies. In Vietnam, the development of SMEs has been creating a driving force for economic growth and has become an important strategic direction in the country’s socio-economic development strategy. The article focuses on determining the factors affecting the development of small and medium-sized manufacturing enterprises in Vietnam. At the same time, the current paper evaluates factors affecting the development of these enterprises. The main factors expected to be focused on in the research include the level of production technology, government policies, raw materials, labor, management capacity, corporate social responsibility, green growth orientation, and global epidemics.

Entrepreneurial Competencies, Institutional Voids and Performance of Small and Medium Enterprises: Evidence from an Emerging Economy

2021 ◽  
pp. 097226292110588
Author(s):  
Raj K. Kovid ◽  
Babita Bhati ◽  
Gunjan Mohan Sharma
Keyword(s):  
Financial Performance ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Emerging Economy ◽  
Survey Method ◽  
National Capital Region ◽  
Institutional Voids ◽  
Managerial Implications ◽  
Medium Enterprises ◽  
The Relationship

The entrepreneurs leverage their competence to exploit the entrepreneurial opportunities in a market leading to improved firm performance. This study investigates the relationship between entrepreneurial competences and financial and non-financial performances of small and medium enterprises (SMEs). It further investigates whether presence of institutional voids moderates this relationship. Using the survey method, the data were collected from owner-cum-founder of 204 SMEs from manufacturing sector, in the National Capital Region of India, an emerging economy. A structured questionnaire was used to capture the data. The results suggest that entrepreneurial competence significantly affects the financial performance of the firm whereas it has insignificant effect on the non-financial performance. Further, institutional voids moderate the relationship between entrepreneurial competence and non-financial performance of the firms whereas it does not show any moderating effect on the relationship between entrepreneurial competence and financial performance of SMEs. This study does have some managerial implications for entrepreneurs who can use their competencies to the fullest while working around institutional voids. This study contributes to advance the understanding about the role of institutional voids in influencing the relation of entrepreneurial competence with SMEs’ performance.

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

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