financial policies
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2022 ◽  
Vol 2022 ◽  
pp. 1-10
Author(s):  
Cong Gu

Finance, as the core of the modern economy, supports sustained economic growth through financing and distribution. With the continuous development of the market economy, finance plays an increasingly important role in economic development. A new economic and financial phenomenon, known as financial intervention, has emerged in recent years, which has created a series of new problems, promoting the rapid increase both in credit and investment and causing many problems on normal operation of financial bodies. In the long run, it will inevitably affect the stability and soundness of the entire economic and financial system. In order to maximize the effect of financial intervention, in response to the above problems, this article uses a series of US practices in financial intervention as the survey content, combined with the loan data provided by the US government financial intervention department, and mines the data of the general C4.5 algorithm of the decision tree algorithm. Generate a decision tree and convert it into classification rules. Next, we will discover the laws hidden behind the loan data, further discover information that may violate relevant financial policies, provide a reliable basis for financial intervention, and improve the efficiency of financial intervention. Experiments show that the method used in this article can effectively solve the above problems and has certain practicability in fiscal intervention. With stratified sampling, the risky accuracy rate increased by 10%, probably because stratified sampling increased the number of high-risk samples.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shahin Dabirian ◽  
Mostafa Ahmadi ◽  
Soroush Abbaspour

PurposeThe research aims to analyze the effects of financial policies on a cash flow system to meet project performance goals and improve profitability. The policies are divided into four groups; owner related, bank-related, labor-related and supplier-related policies. This research presents a developed model for planning, forecasting and managing the cash flow in construction projects using system dynamics (SD).Design/methodology/approachA System Dynamics (SD model is developed to evaluate the effect of different financial policies on construction project performance. By identifying the feedback loops in the cash flow system, a dynamic model is developed to forecast, plan and manage different policies, including prepayment, overbilling, loans, incentive payment, delay in payment and equipment lease.FindingsA case study (a construction activity as part of a pharmaceutical factory development project) is used to analyze the cash flow and financing policies. The findings demonstrate the effects of different policies such as incentive payments on project cash flow estimation, which proved to reduce the project duration, improve the profit and increase the financing during the project execution.Originality/valueThe presented model would be a major attempt to estimate precisely the cash flow and the effect of employing different financial policies on project performance. Applying this model, project managers and decision-makers have the opportunity to model different financial policies concerning a variety of limiting variables applicable to each situation. Ultimately, with this, one can make more reasoned decisions and, in effect, optimize the utility of the project.


PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261214
Author(s):  
Boou Chen ◽  
Chunkai Zhao

As digital finance is widely spread and applied in China, this new format of financial technology could become a new way to reduce poverty in rural areas. By matching digital financial indexes of the prefectural-level cities with microdata on rural households from the China Household Finance Survey (CHFS) in 2017, we find that digital finance significantly suppresses absolute poverty and relative poverty among rural households in China, which is supported by a series of robustness tests, such as the instrumental variable approach, using alternative specifications, and excluding extreme observations. Additionally, we provide evidence that the poverty reduction effect of digital finance is likely to be explained by alleviating credit constraints and information constraints, broadening social networks, and promoting entrepreneurship. Our findings further complement the research field on financial poverty reduction and offer insights for the development of public financial policies of poverty reduction in other countries, especially in some developing countries.


2021 ◽  
pp. 030981682110615
Author(s):  
Guilherme Leite Gonçalves ◽  
Bruno H. P. Rosado

Since the COVID-19 pandemic spread worldwide, optimistic ecological and economic analyses have arisen. On one hand, the lockdowns that have taken place are pointed out as a means of reducing gas emissions, environmental exploitation, and consequently, factors that reduce the risk of zoonoses. On the other hand, macroeconomic policies that support state intervention in the economy and social benefits are seen as a signal for a more social and eco-friendly organized capitalism. The objective of our article is to call for caution on these predictions, indicating a post-pandemic countertrend according to which the relationship between economy and environment might be even more unstable and conflictual after the pandemic. Here, we discuss the relevance of Karl Marx’s fictitious capital concept as a fundamental key to thinking about financial market pressures on the environment. Hereby, we aim to raise the concern that the financial policies adopted in the course of the crisis have encouraged speculative instruments that lead to the overaccumulation of fictitious capital. This, in turn, requires the increased exploitation and expropriation of the environment in order to realize the overaccumulated rights and claims on future surplus value. Thus, we argue that the risk of environmental destruction will not be reduced as claimed by optimistic assumptions, but on the contrary will increase in the next few years. Such a risk does not dismiss, but rather suggests that new zoonoses may also arise.


2021 ◽  
Vol 23 (2) ◽  
Author(s):  
Bustami Bustami ◽  
Zaky Ulya ◽  
Rini Fitriani
Keyword(s):  

Jurnalku ◽  
2021 ◽  
Vol 1 (4) ◽  
pp. 353-368
Author(s):  
Iklima Rahmadian Adi Wibowo ◽  
Iskandar

Kondisi darurat yang diakibatkan oleh pandemi Covid-19 menuntut perlunya respon pemerintah, baik aspek kebijakan keuangan maupun pelaksanaannya secara cepat. Penelitian ini bertujuan untuk mengidentifikasi penerapan kebijakan keuangan dalam penanganan Covid-19 dan melakukan tinjauan terhadap siklus pelaksanaan anggaran belanja Pemerintah Daerah Kabupaten “ABC” untuk penanganan pandemi Covid-19. Pengumpulan data dilakukan melalui studi kepustakaan dan metode studi lapangan berupa wawancara serta observasi dalam pengumpulan data pada Badan Keuangan Daerah Kabupaten “ABC” untuk kemudian diolah dan dianalisis secara kualitatif dengan metode interaktif. Hasil penelitian menunjukkan bahwa kebijakan keuangan Pemerintah Daerah Kabupaten “ABC” terhadap pandemi Covid-19 terdiri atas percepatan refocusing/realokasi anggaran, dan rasionalisasi anggaran pendapatan, serta optimalisasi penggunaan belanja tidak terduga yang dianggarkan terpusat pada SKPKD. Rangkaian aktivitas yang dilakukan dalam siklus pelaksanaan anggarannya melibatkan PPKD dan pengelola kegiatan dan/atau keuangan pada SKPD yang terkait dengan penangan Covid-19. Tahapan dalam siklus hampir sama dengan proses belanja non penanganan Covid-19, tetapi berbeda dalam hal penyiapan penyesuaian dokumen pelaksanaan, dan percepatan dalam pencairan dana. Hasil penelitian dapat menjadi pembelajaran dalam mengantisipasi keadaan yang mendesak/darurat. The emergency conditions caused by the Covid-19 pandemic require the government to respond, both in terms of financial policy and its implementation quickly. This study aims to identify the application of financial policies in handling Covid-19 and to review the implementation cycle of the "ABC" Regency Regional Government budget for handling the Covid-19 pandemic. Data collection was carried out through literature study and field study methods in the form of interviews and observations in data collection at the "ABC" Regency Regional Finance Agency to then be processed and analyzed qualitatively with interactive methods. The results showed that the "ABC" District Government's financial policy towards the Covid-19 pandemic consisted of accelerating budget refocusing/reallocation, and rationalizing the revenue budget, as well as optimizing the use of unexpected expenditures that were budgeted centered on SKPKD. The series of activities carried out in the budget implementation cycle involve PPKD and activity and/or financial managers at SKPD related to Covid-19 handling. The stages in the cycle are almost the same as the non-Covid-19 spending process, but differ in terms of preparing the adjustment of implementation documents, and in accelerating the disbursement of funds. The results of the research can be a lesson in anticipating urgent/emergency situations.


2021 ◽  
Vol 190 ◽  
pp. 107210
Author(s):  
Moritz Baer ◽  
Emanuele Campiglio ◽  
Jérôme Deyris

2021 ◽  
Vol 19 (4) ◽  
pp. 925-937
Author(s):  
Muhammad Saif ◽  

Companies with good profitability will have better abilities to fund their dividends and investments. Companies experiencing a lack of funding to fund dividend payments and fund investments can use external funding through leverage. The object of this study is the industrial company of the insurance sub-sector; the selection of this object is based on the idea that insurance as a financial product is supposed to give an assurance to its customers regarding the promised coverage. This study is purposed to examine and explain the effect of financial policy on the company and its performance. The analytical method used is Partial Least Square with purposive sampling technique. The sample used is insurance companies listed on the IDX during the 2017-2019 period. Variables used in this study regarding the effect of financial policies on a company's performance are investment opportunity set, dividend policy, capital structure, and firm value. Based on the analysis results, it is shown that the mediation of Capital Structure and Dividend Policy give a significant positive effect on a company's performance as reflected in the firm value obtained. Thus good financial policies can be used as a strategy to attract investors' interest. The results of this study are expected to benefit the company's leadership in optimizing the company's value through the established financial policies.


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