FEATURES OF FINANCIAL STRATEGY OF THE ENTERPRISE IN CONDITIONS OF ECONOMIC INSTABILITY

2019 ◽  
Vol 20 (1) ◽  
pp. 43-55
Author(s):  
Iryna Hryhoruk ◽  
Olena Moskvichova
Keyword(s):  
Financial Crises ◽  
Global Economy ◽  
Strategy Development ◽  
Enterprise Development ◽  
Financial Strategy ◽  
Financial Decisions ◽  
Main Factors ◽  
The Individual ◽  
Financial Environment ◽  
Instability Coefficient

This article defines and systematizes the main factors that generate the instability of the external financial environment of the enterprise. In particular, an independent group of global factors of the external financial environment of the company, which are generated by the development of the global economy as a whole, is singled out. Among the factors of this group are primarily considered those that determine the cyclical nature of financial crises. The main principles of estimation and forecasting of certain parameters of the instability of the external financial environment of the enterprise are considered, namely the standard deviation indicator, coefficient of variation, risk value, instability coefficient. The main forms of taking into account the influence of the instability of the external financial environment on the individual processes of developing the financial strategy of the enterprise are determined. Phases of the overall process of financial strategy development: diagnosis of strategic opportunities of financial development of the enterprise; development of a complex of strategic financial decisions of the enterprise; realization of the developed financial strategy of the enterprise.

Basel Capital Adequacy Ratio Standard in The Light of Islamic Law Perspective

2016 ◽  
Vol 1 ◽  
pp. 308-317
Author(s):  
Adi Rahmanur Ibnu
Keyword(s):  
Financial Crises ◽  
Global Economy ◽  
Banking Sector ◽  
Islamic Law ◽  
Capital Requirements ◽  
Capital Adequacy ◽  
Minimum Capital ◽  
Capital Adequacy Ratio ◽  
Global Banking ◽  
Banking Development

Bank is one of the most important pillars of economy activities. However, banking sector has a real potential crisis threat. Alongside with the steady current global banking development, financial crises that have happened clearly affected global economy. Based on that situation, BIS (Bank for International Settlement) – an international financial standard setting organization, realizes the urgency to establishan international financial standard and supervision to anticipate future potential financial crises. This research aims to identify how Capital Adequacy Ratio Standard in Basel Capital Accord (II) based on Islamic law perspective. The research is conducted by analyzing Basel Capital Accord published by BIS. The research uses library research method to find out the aimed result. The focus is on the 1st pillar of Basel II publication that is Minimum Capital Requirements (CAR) policy. CAR, as an Islamic economics policy, will be analyzed using falāḥ approach. Falāḥ is an Islamic economics objective that consists of happiness, success, accomplishment or good luck concept. The earthly dimension of falāḥ has some parameters that can be used to analyze Islamic economics policy. Additionally, the Islamic fiqh maxim takes part in analyzing the policy. The maṣlaḥat concept in fiqh maxim approach shares aim with falāḥ concept in the sense that all of sharia law aims for success, happiness, eternal survival etc. The maṣlaḥat can be accomplished by extinguishing mafsadat or seizing maṣlaḥat. The maṣlaḥat aspect is essential to determine the compatibility Basel Capital Accord with jurisprudential maxim i.e harm must be dispelled (al-dharāru yuzāl). The conclusion results are, 1) Basel Capital Accord focuses on macro-prudential aspect in order to anticipate potential financial crises, 2) beneficial/interest (maṣlaḥat) aspects of the hereafter, cooperation principle, justice, fairness and the prohibition of exploitation are not the core value of Basel Capital Accord frame work, thus 3) the achievement of maslahat as intended by sharia i.e. jurisprudential maxim are not convincing. Therefore, 4) Basel Capital Accord as a regulation basis is not in line with jurisprudential maxim i.e harm must be dispelled (al-dharāru yuzāl).

Impact of the divorce experience on the marital and family mindsets

2018 ◽  
pp. 88-96
Author(s):  
Елена Лактюхина ◽  
Elena Laktyukhina ◽  
Георгий Антонов ◽  
Georgy Antonov
Keyword(s):  
Comparative Analysis ◽  
Demographic Characteristics ◽  
Representative Sampling ◽  
First Marriage ◽  
Active Population ◽  
Volgograd Region ◽  
The Social ◽  
Marriage Stability ◽  
Main Factors ◽  
The Individual

The article presents a comparative analysis of marital and family mindsets of two categories of the demographically active population of modern Russia: (1) individuals that have no experience of a divorce and (2) those who have already experienced one or more official termination of a marriage. The empirical base of the analysis is the data of the author’s questionnaire survey conducted by representative sampling in Volgograd and Volgograd Region in 2015–2016. The analysis was made on the following basic empiric indicators: optimal (from the viewpoint of the respondents) age for the first marriage, frequency of mentioning marital and family statuses as the respondents describe their own social and demographic “portrait”, legitimate causes of a divorce and a number of others. It is found that, in the case of sufficiently strong traditional marital and family mindsets, perception of marital norms is adjusted, if an “abnormal” event (such as a divorce) occurs in the individual’s life course. At the same time, perception of the marriage stability is less variable and does not depend on the social and demographic characteristics of the respondents, including the presence/absence of a marriage termination experience. The “strongest” factor that affects the change of the marital and family mindsets is age. With age (and, consequently, experience accumulation), importance of the majority of main factors capable of preventing the individual from a divorce decreases and, therefore, the risk of such event increases.

The Entextualization of Ayurveda as Intellectual Property

2012 ◽  
Vol 19 (3) ◽  
pp. 313-343 ◽  
Author(s):  
Matthew Wolfgram
Keyword(s):  
Intellectual Property ◽  
Global Economy ◽  
Medical Knowledge ◽  
Linguistic Anthropology ◽  
Medical Discourse ◽  
Complex Nature ◽  
Multiple Sources ◽  
The Social ◽  
Rights Discourse ◽  
The Individual

AbstractThis article documents the practices of pharmaceutical creativity in Ayurveda, focusing in particular on how practitioners appropriate multiple sources to innovate medical knowledge. Drawing on research in linguistic anthropology on the social circulation of discourse—a process calledentextualization—I describe how the ways in which Ayurveda practitioners innovate medical knowledge confounds the dichotomous logic of intellectual property (IP) rights discourse, which opposes traditional collective knowledge and modern individual innovation. While it is clear that these categories do not comprehend the complex nature of creativity in Ayurveda, I also use the concept of entextualization to describe how recent historical shifts in the circulation of discourse have caused a partial entailment of this opposition between the individual and the collectivity. Ultimately, I argue that the method exemplified in this article of tracking the social circulation of medical discourse highlights both the empirical complexity of so-called traditional creativity, and the politics of imposing the categories of IP rights discourse upon that creativity, situated as it often is, at the margins of the global economy.

Impact of Covid-19 on women entrepreneurship in India

2021 ◽  
Vol 13 (1) ◽  
pp. 127-135
Author(s):  
Hiren Rana ◽  
◽  
Dr. Ninad Jhala
Keyword(s):  
Supply Chain ◽  
Business Model ◽  
Small Businesses ◽  
Financial Crises ◽  
Global Economy ◽  
Demand And Supply ◽  
The Government ◽  
Government Rules ◽  
Start Ups ◽  
Roll Back

The current pandemic of COVID 19 proliferated from China since December 2019 over the globe. Since then it has a significant effect visible on the global economy and living pattern of life. India is the fifth richest country abruptly affected after China and America. India is known for innovative start-ups and the business model collapsed due to the reduction in demand and supply chain because the sudden outbreak of COVID 19 resulted in complete lockdown. During COVID 19 pandemic, the government has taken new initiatives to reborn the entrepreneurs of India. However, many industries, small businesses, start-ups were rolling behind due to financial crises. There were no options for entrepreneurs to rely on the government rules, regulations to roll back in the market.

Family Firms, Enterprise Development and Tacit Knowledge Transformation: Small and Medium Enterprises (SMEs) Innovation in Malaysia

2021 ◽  
pp. 097215092110476
Author(s):  
John Lee Kean Yew
Keyword(s):  
Tacit Knowledge ◽  
Small Businesses ◽  
Global Economy ◽  
Family Firms ◽  
Small And Medium Enterprises ◽  
Enterprise Development ◽  
Generational Change ◽  
Knowledge Transformation ◽  
Family Smes ◽  
Medium Enterprises

In light of the global economy, it is undeniable that small businesses such as family-owned small and medium enterprises (SMEs) affect economic performance globally. They offer a key basis of flexibility and innovation but also face some challenges along the way. Since family SMEs form a large portion in the Malaysian corporate sector, the economy of this country is highly dependent on family firms’ entrepreneurial capacity. During the past decade, although family SMEs innovation is analytically and empirically reviewed in terms of theory building, it still lacks a systematic adoption of thorough and theoretically-based frameworks to gain understanding on the evolution of knowledge transformation surrounding this topic. This study primarily focuses on the development of tacit knowledge through innovation during generational change with specific attention given to three family firms ranging from old, new and declining wealth enterprises. Besides, this article appraises the evolution of SMEs innovation when new generations attempt to transform the tacit knowledge in advancing the products innovation and quality branding in Malaysia.

scholarly journals The Lead–Lag Relationship between Oil Futures and Spot Prices—A Literature Review

2018 ◽  
Vol 6 (4) ◽  
pp. 89 ◽  
Author(s):  
Miroslava Zavadska ◽  
Lucía Morales ◽  
Joseph Coughlan
Keyword(s):  
Literature Review ◽  
Crude Oil ◽  
Financial Crises ◽  
Global Economy ◽  
Dominant Role ◽  
Energy Resource ◽  
Market Uncertainty ◽  
Crude Oil Price ◽  
Oil Futures ◽  
Spot Prices

Crude oil is the dominant energy resource worldwide. The focus of this paper is on its historical behaviour and subsequent implications for the global economy with an emphasis on the lead–lag relationship between spot and future prices. The paper examines the behaviour of oil spot and future prices and their determinants during periods of market uncertainty, particularly in the context of economic and financial crises. The analysis highlights a key controversy within the extant literature, as to whether spot or futures prices are the main crude oil price indicator. The literature review indicates that the lead–lag relationship is a dynamic one, especially during periods of sustained uncertainty, which leads to significant disagreements and incongruities among researchers regarding the price that plays a dominant role.

scholarly journals Workforce Diversity: Boon or Bane to the Organisation

2019 ◽  
pp. 7-16
Author(s):  
Aiman Hasan
Keyword(s):  
Competitive Advantage ◽  
Global Economy ◽  
Workforce Diversity ◽  
Critical Area ◽  
Research Papers ◽  
Diverse Workforce ◽  
Hrm Practices ◽  
The People ◽  
Fast Pace ◽  
The Individual

Workforce diversity is a critical area of competence for any organisation. It is an important asset for every organisation that seeks competitive advantage in the global economy. With the change in needs at the fast pace, the association among the people from varied culture, background, beliefs etc. has increased substantially. Wambui et.al. state that HRM practices need to promote diversity for business to grow effectively. The paper discusses the various benefits of a having a diverse workforce along with the challenges linked to it (post #me too movement also). The study of various literature and research papers and books has been done which reveals that diversity is all about differences. The manner in which we analyse and use these differences will determine whether diversity is an asset or liability to the individual and the organization. Workforce diversity can prove to be a strong pillar to the organisation if managed appropriately. There is need to lead a diverse workforce that can give diverse benefits to the organisation.

scholarly journals La Educación en Colombia: Arquetipo de Correspondencia con la Economía Global y de Mercado / Education in Colombia: Archetype Correspondence with the Global Economy and Market

2015 ◽  
Vol 6 (1) ◽  
pp. 161
Author(s):  
Luis Manuel Marrugo Fruto
Keyword(s):  
Labor Market ◽  
Educational System ◽  
Global Economy ◽  
Supply And Demand ◽  
First Century ◽  
Late Nineteenth Century ◽  
Early Twenty ◽  
El Sistema ◽  
Siglo Xix ◽  
The Individual

Se busca dilucidar los principales hitos históricos de la educación colombiana en relación con las políticas de la economía global y de mercado, entre finales del siglo XIX e inicios del siglo XXI. Se mostrarán limitaciones y problemáticas heredadas por el sistema educativo en su propósito de funcionar como empresa, bajo las leyes de oferta y demanda, es decir, un sistema educativo con la convicción de formar un perfil de individuo y de sociedad como mano de obra, dócil, obediente y con competencias de calidad para el mercado laboral de lossistema – mundo postmodernos, en desmedro de una educación humanizada.Metodológicamente es producto de una revisión de tema. Como principal resultado se muestra la tendencia desde los inicios de la educación colombiana a corresponderse con el mercado laboral. Abstract.It seeks to elucidate the main historical landmarks of Colombian education in relation to the policies of the global economy and market, between the late nineteenth century and early twenty-first century.  Limitations and problems inherited by the educational system in order to operate as a company under the laws of supply and demand, a docile educational system with the conviction of forming a profile of the individual and society as labor, are displayed obediently and quality skills for the labor market system - postmodern world, at the expenses of a humanized education. Methodologically is the result of a review of subject. The main result shows the trend since the beginning of Colombian education to match the labor market.

scholarly journals Financial Strategy considering Sustainable Growth: evidence from China and Russia gas market companies

2019 ◽  
Vol 13 (1) ◽  
pp. 76-92 ◽  
Author(s):  
Alina Steblyanskaya ◽  
Zhen Wang ◽  
Elena Ryabova ◽  
Svetlana Razmanova ◽  
Maxim Rybachuk
Keyword(s):  
Global Economy ◽  
Growth Strategy ◽  
Sustainable Growth ◽  
Financial Strategy ◽  
The Past ◽  
Ambiguous Situation ◽  
Sustainable Growth Rate ◽  
Financial Growth ◽  
Gas Market ◽  
The One

Over the past ten years have seen ambiguous situation concerning China and Russia gas companies. On the one hand, companies’ reports show conservative policies and sustainable growth in the coming years, on the other hand, companies’ financial performance suggest another situation because of insufficient level of financial indexes that reflects the inconsistency of existing sustainable growth approaches. These indicates relevance of the research concerning China and Russia gas market companies’ financial sustainable growth in conditions of global economy and investment policy implementation. The main purpose of the Research is to analyze China and Russia gas market companies’ financial growth strategy by means of Geniberg Z – matrix as well as enhanced Financial Sustainability Indicators System indexes by identifying which indicators have a greater influence on Sustainable Growth Rate. It is found that ROCE, ROFA, CR, DOL, ROL influence on Russian gas market companies’ SGR, and ROCE, WACC, ROL, CG Dummy influence on Chinese gas market companies sustainable growth.

scholarly journals How the global economy reflected the year of the pandemic

2021 ◽  
Vol 129 ◽  
pp. 01014
Author(s):  
Vladislav Kaputa ◽  
Frederik Kvočák ◽  
Miroslava Triznová ◽  
Andrej Tomić ◽  
Hana Maťová
Keyword(s):  
Global Economy ◽  
Value Added ◽  
Point Of View ◽  
Environmental Aspects ◽  
Data Comparison ◽  
The Social ◽  
Macroeconomic Indicators ◽  
The Individual ◽  
Reduced Mobility ◽  
The Impact

Research background: The coronavirus pandemic in 2020 had a significant impact on all aspects of life, from the point of view of the individual by forcing social isolation, moving work and study to the home, enormous pressure on the social and health system, but also by forcing closures of services and direct contact with customers. These, as well as other factors, have also had an impact on the performance of economies around the world. Purpose of the article: The paper aims to evaluate the development of the world's major economies in terms of macroeconomic indicators and foreign trade in the pandemic period and previous periods. The social and environmental aspects of the impact of the pandemic on selected economies are also reflected. Methods: Analysis of the main macroeconomic data, comparison and synthesis of findings. Findings & Value added: The interdependence of economies and interconnectedness of markets on transport routes associated with reduced mobility, forced isolation of people and death of economic activity had a significant impact on all the observed indicators, where a significant decline in GDP could be observed in all countries except China. This country was the only one that managed to keep GDP growth in positive numbers. Unemployment development was not equal in the observed economies due to different labour market environment. On the contrary, the environment has benefited in some way.

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