I Will Survive: Predicting Business Failures from Customer Ratings

This paper presents a novel method that uses online ratings to predict business failures.

Financial Literacy as Strategy for Enhancing Financial Inclusion of Small Entrepreneurs

Small entrepreneur performance is always seen along with the complete proportions of financial, strategic, and structural development. The socioeconomic function performed by them is widely known. Yet there is concern regarding their financial literacy due to declining public and private to support and large developments in the financial marketplace. The concern is also deep due to the financial challenges and dearth of financial literacy of them. This may be a major factor for poor financial decision making and even deprived financial inclusion. Further, poor financial literacy causes not only business failures but has a penury multiplier effect. Thus, there is a global reckoning that financial literacy is not only vital for economic-financial stability and development but also as a strategy for financial inclusion. Hence, adopting a conceptual analysis approach, the aim of this study is to deliberate on financial literacy as a strategy for enhancing the financial inclusion of small entrepreneurs in the Indian context.

Woman’s entrepreneurship – female participation in loss-making SMEs

The paper explores the ownership structure of small and medium-sized enterprises (SMEs), which fell into a debt crisis due to business failures, in order to indicate the differences between male and female entrepreneurs. We conducted the empirical research on a sample of 186 small and medium-sized loss-making enterprises in the Republic of Serbia. The results obtained by descriptive statistical analysis of the observed sampleshow that the participation of female companies among loss-making enterprises is considerably low. The ratio of companies owned by women and those owned by men was 18.8%: 81.2%. Furthermore, we have recorded a significant difference in the amounts of debt, indicating that female companies have significantly lower debt rates when compared to those owned by men. The findings of this research can be applied as a strategic framework for policymakers to encourage female entrepreneurship.

Default Solution on Sharia Housing in The View of Private Law and Islamic Law

Sharia housing with sharia developer system using cash and in house method without involving the bank is thriving, because in the advert mentioned no fines and confiscations. While every financing there is a possibility of contract breach, such as La Tansa Cluster Malang Housing, there are several users doing breach of contract. This breach of contract can cause problems between developer and user so that solution is needed. The goals of this research are determining factors that led to the breach of contract and the efforts to resolve trade breach of contract in La Tansa Cluster Malang in terms of civil code and Islamic laws. This research uses empirical legal research with a sociological juridical approach, a concept approach, and a legislative approach. Data collected by interviews with developer of La Tansa Cluster Malang and the user, and then analyzed using qualitative descriptive analysis methods. The results showed that breach of contract occurred in La Tansa Cluster Malang due to lack of user candidate analysis, postpone payments, family deaths, business failures, serious illness, and inaccurate financial predictions. According to civil code, the efforts to resolve contract breach of sharia housing trade in La Tansa Cluster Malang are doing deliberation, communication, time extension, PPJB canceling (according to the Article 1338 paragraph (2) of Civil Code), and money returning (according to Article 1267 and Article 1248 of Civil Code). While the efforts to resolve the breach of contract in La Tansa Cluster Malang according to Islamic laws are doing deliberation or reconciliation (shulh), communication, time extension (according to surah al-Baqarah (2): 280), PPJB canceling (based on fasakh iqalah), and money returning (based on dhaman al ‘aqdi).

Strategies to Improve Financial Profitability in the Banking Industry

More than 50% of business failures in the United States are because of leaders’ inability to manage working capital. This qualitative, multiple case study is grounded in the cash conversion cycle theory. The purpose is to explore the strategies bank leaders have used to improve working capital management in three banks in Kentucky to increase bank profitability and improve financial stability. Data were collected using semistructured interviews with three different banking leaders who have implemented successful working capital strategies. Using methodological triangulation and Yin’s five-step data analysis resulted: (a) risk and liquidity, (b) top-down approach, and (c) investment approach. The findings from this study include strategies for improving the use of working capital, leading to business profitability and increases in employment opportunities.

COVID-19 and Small- and Medium-Sized Enterprises: A 2021 “Time Bomb”?

This paper assesses the prospects of a 2021 "time bomb" in small-and medium-sized enterprise (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020 do not on their own create a 2021 time bomb for SMEs. Rather, business failures and policy costs remain modest. By contrast, credit contraction poses significant risk. Such a contraction would disproportionately impact firms that could survive COVID-19 in 2020 without any fiscal support. Even in that scenario, most business failures would arise not from excessively generous 2020 policies but rather from the contraction of credit to the corporate sector.

Why Tax Cuts Do Not Create Jobs

This chapter explores the argument that tax cuts produce jobs. The standard argument for why tax cuts increase GDP is that reducing taxes takes money away from wasteful government bureaucrats. The money is put in the hands of entrepreneurs and investors; more investment equals more growth. This argument sounds appealing, but it falls apart for six different reasons. First, in a globalized economy, proceeds from American tax cuts may be invested overseas. Second, firms do not always lower employment when taxes are high. Third, tax breaks and tax evasion reduce the impact of cutting tax rates. Fourth, most business failures are caused by something other than taxation. Fifth, taxes are not the biggest determinant of corporate success. Finally, the data do not show any relationship between taxes and job growth.

Pivoting to Childbirth at Home or in Freestanding Birth Centers1 in the US During COVID-19: Safety, Economics and Logistics

Birth-related decisions principally center on safety; giving birth during a pandemic brings safety challenges to a new level, especially when choosing the birth setting. Amid the COVID-19 crisis, the concurrent work furloughs, business failures, and mounting public and private debt have made prudent expenditures an inescapable second concern. This article examines the intersections of safety, economic efficiency, insurance, liability and birthing persons’ needs that have become critical as the pandemic has ravaged bodies and economies around the world. Those interests, and the challenges and solutions discussed in this article, remain important even in less troubled times. Our economic analysis suggests that having an additional 10% of deliveries take place in private homes or freestanding birth centers could save almost $11 billion per year in the United States without compromising safety.

DEVELOPMENT PROSPECTS OF THE RUSSIAN MARKET OF TECHNICAL SERVICING AND REPAIR IN THE СONTEXT OF A PANDEMIC

COVID-19 pandemic has made adjustments to the development of the country’s economy in terms of changing its structure in the industry context. The business community will invest in industries that will maximize profits with low payback periods. Currently, at a time of decreasing automotive production caused by the suspension of the plants in the period of lockdown, the reduction in purchasing power of communities connected with the risk of unemployment occurrence in consequence of business failures, the decline in wages and lower vacancy rates, is foreseen reduced demand for new cars against the background of significant increase in sales volumes in the used cars market segment and, therefore, sharp increase in demand for car services performing technical servicing and repair. In a competitive environment, it is the client of the car service who will determine the direction of business development, which will be carried out on the basis of digital technologies.