Disposal Of Assets Research Articles

Does a non-performing assets disposal fund help control systemic risk? Evidence from an interbank financial network in China

The COVID-19 pandemic precipitated a surge in the non-performing assets held by financial institutions, elevating systemic risk in financial networks. Therefore, developing strategies to alleviate this risk, with a focus on non-performing assets, has become a research area of interest. Supported by policies related to the Chinese insurance market, this study proposes the establishment of a non-performing assets disposal fund backed by insurance capital. This fund will invest in the non-performing assets of financial institutions with the aim of mitigating systemic risk. Using a linear threshold model, we identify an asymptotically optimal scheme for disposing of non-performing assets. Additionally, we construct a payment model integrated with non-performing assets, from which we derive an optimal payment and clearing strategy. Our research also proposes a robust set of criteria to assist regulators in determining whether to use the non-performing assets disposal fund. To demonstrate the efficacy of the fund in reducing systemic risk, we conduct simulations and analyze data from the Chinese interbank financial network. Through this rigorous analysis, we confirm the role of the fund in enhancing the stability of the financial system.

Optimalisasi Pengendalian Manajemen Aktiva Tetap dalam Meningkatan Efektivitas Penghitungan dan Penghapusan Aset Menggunakan Metode Straight Line dan Fuzzy Edas

This study aims to optimize fixed asset management at Universitas Sembilanbelas November (USN) Kolaka Campus B through the application of the straight-line depreciation method and the Fuzzy EDAS method for asset disposal. The straight-line method is used to consistently calculate asset depreciation every semester, while Fuzzy EDAS assists in making objective decisions for asset disposal by considering various criteria, such as asset age, asset value, and asset condition. The research results show that the integration of these two methods enhances asset management efficiency, minimizes the risk of errors, and supports asset utilization optimization. This system has proven to help the university manage its fixed assets more effectively, thereby extending the economic life of assets that are still usable and eliminating assets that no longer provide value. This research is expected to serve as a model for other institutions in fixed asset management

Tax Treatment of Crypto Assets Under Serbian Law – Status Quo and Future Challenges

Abstract The present paper provides a comprehensive analysis of the legal framework relevant for the taxation of transactions and activities involving crypto assets in Serbia. In the introductory part, the author provides a classification of crypto assets intended to serve as the methodological framework within which the taxation of various transactions and activities in the crypto domain will be analyzed, taking into account the principle of tax neutrality. The core of the paper elucidates the results of comparative legal research that the author had undertaken in order to identify diverging approaches jurisdictions around the world embraced regarding the taxation of generation, acquisition, holding and disposal of crypto assets. The choices made by the Serbian tax policy makers are juxtaposed to those applicable in comparative jurisdictions and, where appropriate, improvements are suggested. The author concludes by commending the recent trend in the application of Article 9, para. 1 of the Law on Tax Procedure and Tax Administration as a tool that could mitigate the need for recurrent and, ultimately, unsuccessful tailoring of the tax legislation to the novelties in the crypto domain.

TATA KELOLA ASET BARANG MILIK DAERAH BERBASIS E-BMD PADA DINAS PERTANIAN KOTA KENDARI

This study aims to provide an in-depth overview of the implementation of the E_BMD system in the Kendari City Agriculture Service using qualitative descriptive methods. The results of the study indicate that the implementation of the E-BMD system significantly increases efficiency in the management of Regional Property (BMD). Starting from identification to asset disposal. This system facilitates real-time asset recording, increases accuracy, and transparency and facilitates a more transparent and accountable asset procurement process. Although there are obstacles to employee understanding of technology, E-BMD also allows automatic maintenance scheduling, although limited human resources and budget constrain its implementation. In asset disposal, this system helps accelerate the process of eliminating unusable assets, although employee training still needs to be improved. Overall, E-BMD has great potential to increase efficiency, transparency and accountability in regional asset management. However, optimization requires increased human resource competency and improved coordination between agencies. Recommendations include ongoing training for employees and increased budget allocation to support the operation and maintenance of the system on an ongoing basis. These findings indicate that with the right steps, E-BMD can be optimized to support more effective and efficient asset management in the future.

Methodological approaches to accounting for long-term assets held for sale in medical organizations

The article delineates methodological approaches for accounting long-term assets held for sale within medical organizations. The author meticulously emphasizes the accurate classification of these assets, elucidating the complexities inherent in their subsequent valuation, particularly in scenarios where the probability of a sale within the fiscal year diminishes. A comprehensive analysis is provided on the processes involved in the disposal of long-term assets held for sale, including the recognition and writeoff of impairment losses when applicable. The discourse extends to a comparative examination of the accounting and tax treatment of such assets in medical organizations. Furthermore, the article elucidates the principal directions for disclosing pertinent information in the financial statement notes, which are critical for informed decision-making by stakeholders.

Streamlining Operations & Maximising Returns

Engineering is seeing rising demand for asset disposal services. Henry Spencer, operations director at BPI Asset Disposal Solutions tells us more

Asset Management in the Implementation of Public Sector Regional Property Disposal Systems

Abstract: This research aims to understand the procedures and challenges involved in the disposal of regional property at the Financial and Revenue Management Agency of Hulu Sungai Selatan Regency, following the Standard Operating Procedures (SOP). Effective management of regional property is essential as it supports the primary revenue of a region. The study employs a qualitative research method with a descriptive approach, focusing on illustrating the research object, organizational structure, main tasks and functions, and the detailed system of regional property disposal. The research findings reveal that the SOP for regional property disposal issued by the Hulu Sungai Selatan Regency Government has been well-implemented and aligns with the prescribed standards. The SOP serves as an effective guideline for property disposal, although challenges persist during the disposal process, including issues related to the property itself and the accompanying documentation. Despite these challenges, the disposal procedures at the Financial and Revenue Management Agency have adhered to the established SOP. The main obstacles encountered include insufficient documentation and properties not meeting the disposal criteria. In conclusion, the study highlights the critical role of strategic asset management in the public sector, particularly in the disposal of regional property. The recommendations provided aim to address the existing challenges and improve the efficiency and effectiveness of the property disposal process, ensuring better resource utilization and enhanced financial performance. This research contributes valuable insights for policymakers and public administrators seeking to optimize asset management practices. Keywords: Implementation of Regional Property Disposal System, Regional Asset Disposal System, Standard Operating Procedures

SISTEM INFORMASI MANAJEMEN ASET DI STMIK BANDUNG

Asset Management Information System at STMIK Bandung (Case Study: STMIK Bandung), which is designed to build a system that can assist the Building Management Section in managing all assets at STMIK Bandung, As well as being able to assist the Building Management section in carrying out asset write-offs so that they are more accurate and efficient. The software development methodology used is the waterfall model for problems that happen in the asset processing process. The waterfall model was chosen because of the stages in it. For now, this method of asset management is effective because it can make the process of procuring assets easier for the section of building management and can assist building management in making decisions for asset disposal.

Research on Disposal of Non-Performing Assets of Listed Companies

China's economic development is affected by adverse factors such as cyclical and structural adjustment of the domestic economy, but also by the sudden impact of the international political and economic environment, and the complex economic environment at home and abroad has greatly challenged the development of Chinese enterprises. The problem of non-performing assets is a prominent problem facing the high-quality development of China's economy. It requires both enterprises to regulate their own risks and asset management companies to properly and reasonably dispose of non-performing assets to prevent these assets from having an impact on systemic risks and then affecting other economies. Solving the problem of non-performing assets in a reasonable way can effectively deal with the non-performing assets, and then promote and prevent the further spread of the non-performing assets crisis of enterprises. This paper analyzes that the asset disposal mode of "stock plus bond" provides a reference for other NPL disposal methods, and helps other enterprises to dispose NPL efficiently. When dealing with non-performing assets, there are risks from debtors and creditors. To prevent and address these problems, detailed and precise asset-liability analysis, a well-developed restructuring plan, and enhanced collaboration between departments are required." The "equity plus bond" model combines the centralized disposal method of non-performing assets, which can effectively deal with these non-performing assets, better reduce risks and improve operations.

STATE FINANCIAL CONTROL: CONCEPTS AND CLASSIFICATION

The article emphasises that the conditions of the market economy and the development of Ukrainian society require a new conceptual approach to the creation and functioning of the system of state financial control. Additionally, the significant growth of financial abuses and violations necessitates a fundamental theoretical study and the determination of ways to build a new, better system of state financial control that can solve the problem of inefficient management in the public sector of the economy. The article contains a study of a significant range of approaches of modern scientists to interpreting the concept of ‘control’ to find a clear and understandable definition not only of control but also of financial and state financial controls. The authors analysed the definition of financial control that revealed the advantages and disadvantages of the definitions provided by modern scientists. We concluded that the scientists mainly limit this concept to state control while subjects refer to state bodies. We also proposed a proper definition, taking into account the indicated shortcomings. Therefore, financial control is interpreted as an activity carried out by state and local self-government bodies, business entities, and citizens of Ukraine to ensure legality, financial discipline, and reasonableness in mobilising, distributing, and using funds and related material assets. At the same time, we aim to assess the economic efficiency of economic activity, avert and avoid obstacles that prevent the legal and rational use of property and funds, the expanded reproduction of production, satisfaction of state, collective, and private interests, and needs for economic management. In addition, we defined the purpose and tasks of financial control. In general, state financial control aims to prevent and detect financial offenses, bring the guilty to justice, ensure compensation for damages, and take measures to stop similar crimes from happening in the future. Its task is to ensure legality, efficiency, fiscal discipline, and optimality in the formation, distribution, possession, use, and disposal of assets as state property. Keywords: control, financial control, state financial control, management, classification, efficiency, responsibility, legality.

Bank’s strategic interaction, adverse price dynamics and systemic liquidity risk

AbstractWhen a widespread funding shock hits the banking system, banks may engage in strategic behaviour to deal with funding shortages by a pre-emptive disposal of assets. Alternatively, they may adopt a more cautious strategy to mitigate price reactions, thereby distributing the assets sales into smaller portions over time. We model banks’ optimal behaviour using standard optimisation techniques and show that an equilibrium always exits in a stylised setting. A numerical analysis to approximate the equilibrium supplements the theoretical part. The implementation delivers two liquidity measures for the German banking system: the Systemic Liquidity Buffer and the Systemic Liquidity Shortfall. These measures are more informative about systemic liquidity risk than regulatory liquidity measures, such as the LCR, because they model adverse, nonlinear price dynamics in a more realistic way. Our approach is applied to different stress scenarios.

Element Of Skill Mastery In Steward Leadership Towards Asset And Store Control For Effective School Financial Governance

This study was conducted to explore the element of skill mastery in the steward leadership practice of headteachers in elementary schools who have successfully strengthened the employees’ skills in asset and store control until the school has successfully achieved excellent audit reportss. This study is based on the Steward Leadership Practice Framework that was proposed by April, Peters, and Kukard in 2013. In this study, a total of seven study participants were selected, namely seven elementary school headteachers in public schools. This study uses a fully qualitative approach and the focus group discussion method as the main data collection method. The data obtained was analyzed using Nvivo 12. The findings show that headteachers’ practice in the mentoring category is to defend the employees’ rights and identify their background. Besides, in the category of personal mastery, the practices done by headteachers are to collaborate with mentors and respect abilities. Finally, for the risk-taking and experimenting category, the practice of tolerating mistakes was applied. These practices are done to ensure that the control of assets and stores under General Treasury Instructions 1.1 can be carried out effectively, thus all the asset and stock can be used safely by students in public elementary schools. Thus, the activities of acceptance rules, registration, asset labeling, asset use, asset inspection, stock calculation, stock inspection, store verification, and disposal of assets and low-value stock can be carried out properly and aligned to the correct procedures and laws. Researchers suggest that a follow-up study be carried out, focussing on other aspect of internal control involving study participants from secondary public schools or any other educational institutions that received excellent audit reports for comprehensive and deeper interpretation and understanding.

Property Management Practices Implementation and Cost Measures Efficiency in the City Government of Calamba: Basis for Action Plan

The focus of this study was to assess the implementation of property management practices and efficiency of cost measures in the City Government of Calamba, aiming to provide insights into key areas of concern and potential strategies for improvement. The study employed a descriptive correlational approach, combining quantitative analysis of stakeholder perceptions. Data were collected using a researcher-made questionnaire through paper surveys and Google forms with 134 respondents, consisting of 20 heads and 114 employees from the office concerned with the implementation of property management practices in the City Government of Calamba. For the treatment of quantitative data, the mean and four-point likert scale, paired t-test, the pearson product moment correlation coefficient and multiple linear regression analysis were used. The analysis revealed that first, the level of implementation of property management practices varied across different areas, with planning, acquisition, and utilization demonstrating robust implementation, while maintenance and disposal of public assets exhibited areas for improvement. Second, the assessment of cost measures efficiency reflected generally high, particularly in funding allocation and technology although skilled personnel needs enhancements. Third, the absence of significant differences in assessment between heads and employees underscored organizational cohesion and alignment of perspectives. Fourth, a significant relationship between property management practices and cost measures highlighted their interconnectedness and the importance of a holistic approach to organizational management. Based on the findings, an action plan entitled, “Strengthening the Property Management Practices and Promoting Cost Efficiency in the City Government of Calamba” was proposed to address the areas of concern in the City Government of Calamba, improve its overall property management practices and enhance cost measures efficiency, ultimately leading to more effective and sustainable governance.

Status quo and disposal of non-performing assets of commercial banks

Status quo and disposal of non-performing assets of commercial banks

Sustainability and Resilience of Engineering Assets

The frequency and severity of natural or human-induced disaster events, such as floods, earthquakes, hurricanes, fires, pandemics, hazardous material spills, groundwater contamination, structural failures, explosions, etc., as well as their impacts, have greatly increased in recent decades due to population growth and extensive urbanization, among other factors. The World Bank estimates that the total cost of cities’ and communities’ vulnerability to these types of disasters could reach more than USD 300 billion per year by 2030. However, it has been argued that investment to improve the quality and resilience of engineered physical assets that are the backbone of modern societies, such as critical infrastructure, industrial facilities, and buildings, could significantly contribute to more sustainable and prosperous societies. Engineered assets are key to the delivery of essential services, such as transport, food, water, electricity supply, health and safety, etc. Some of these physical assets are integrated into asset systems and national or regional networks, with life cycles of several decades or even centuries. It is, therefore, of great importance that strategies and life cycle decisions, such as those related to short- and long-term capital investment planning, maintenance strategies, operational plans, and asset disposal, lead to the maximization of the value derived from these assets. Moreover, it is essential that the achievement of these goals is sustainable over time. Organizations dealing with engineering assets, both public and private, must, therefore, integrate sustainability and resilience concerns into everyday operations, using budgets that are often restricted, while also meeting demanding performance requirements in risky and uncertain environments. This Special Issue collates a selection of papers reporting the latest research and case studies regarding the trends and emerging strategies used to address these challenges, with contributions discussing how asset management principles and techniques can help to push the boundaries of sophistication and innovation to improve the life cycle management of engineered assets to ensure more sustainable and resilient cities and societies.

Deciphering the maritime diplomatic properties of Malaysia's oil and gas explorations in the South China Sea

Studies in maritime diplomacy have treated the development of oil and gas explorations in the South China Sea as taken-for-granted events. On the contrary, this study argues that assessing the maritime diplomatic properties inherent in energy reserve explorations can reveal unique insights, motivations, and significance of maritime diplomatic events. It assesses Malaysia's oil and gas explorations in the Luconia Shoals, informed by the analytical framework of Le Mière's maritime diplomatic properties. Utilizing secondary data from the Asian Maritime Transparency Initiative between 2020 and 2023 related to Malaysia's oil and gas project developments in the Luconia Shoals, this article concludes that the maritime diplomatic events consist of the following characteristics: (1) pre-emptive and sustainment, underlining Malaysia's long-term plan of fulfilling the growing domestic energy demand, (2) explicitness of the messages transmitted to Chinese officials in order to repel any possibilities of adversaries misconstruing Malaysia's actions at sea, and (3) moderate kinetic effect due to the lethal weaponry at the disposal of the hard power assets deployed to handle occurring crisis. Evaluation of Malaysia's maritime diplomatic properties also reveals two worrying conclusions: (1) the existence of reactive events, which can cause disruptions at sea due to the lack of planning related to the actions taken by the Royal Malaysian Navy, and (2) asymmetrical power relations between China and Malaysia, predicted to cause China to continue its power projections at sea and aggravate Malaysian policymakers.

Monopoly dynamics and the rise of UK single-family rental

This article offers an early account of the emergent UK single family rental market, which it argues represents a potential locus for monopoly dynamics within the UK rental sector. Conceptually, this article positions single family rental (SFR) within the rise of the ‘beds sector’ and within Brett Christophers’ asset manager society. This article further engages with total life landlordism, which theorises the asset manager practice of mopping up opportunities across the beds sector that progresses towards the cradle-to-grave entrapment of households in a corporate rental system, beholden to asset management efforts to maximise asset disposal considerations. Stakeholder interview analysis highlights: investor/housebuilders synergies; crossover of institutional investors from build to rent (multifamily), another beds subsector; and common ground with US SFR despite otherwise divergent transatlantic SFR genealogies and timelines. Focusing on monopoly intermediation, as the primary logic of total life landlordism, this article highlights early signs of competition dynamics at play within and through this new SFR market, including monopoly power and class monopoly rents. It underscores monopoly dynamics as an important feature of the asset manager society.

Agricultural Tractor Retail and Wholesale Residual Value Forecasting Model in Western Europe

The residual value of agricultural tractors plays a pivotal role in the financial viability of agribusiness enterprises. Nevertheless, there is a dearth of comprehensive studies concerning the prognostication of both retail and wholesale residual values specific to agricultural tractors within the context of Western Europe. This research introduces an innovative methodology for assessing the residual worth of agricultural tractors, with particular consideration given to the substantial pricing discrepancies between retail and wholesale transactions. Leveraging publicly available auction data, we develop a polynomial regression model aimed at forecasting the intricate relationship between retail and wholesale residual values. Notably, the model demonstrates an exceptional robustness, surpassing previous research endeavors, as evidenced by a remarkably low root-mean-square error (RMSE) of 0.0159 and a combined adjusted coefficient of determination (RSqAdj) of 0.9997. The findings of this study offer invaluable insights into a diverse array of stakeholders, empowering them to make well-informed decisions regarding machinery specifications, investment strategies, and asset disposal choices, thereby facilitating optimal financial performance.

Sustainability of Oil and Gas Companies: Interpretation and Assessment from the Perspective of Systemic Economic Theory

High uncertainty is a universal characteristic of modern economic reality. Therefore, the behavior of oil and gas companies requires special prudence in the disposal of assets, interaction with the environment of their localization, implementation of production and project activities. Accordingly, the basis for the choice of decisions and actions of the managerial level today should be an adequate scientific and methodological basis, based on the system properties of the oil and gas company and allowing to measure the stability of subsystems and their contribution to the overall ability of the industrial enterprise to work effectively in turbulent conditions and to withstand the enormous pressure of rare and hard-to-predict events. The purpose of this study is to develop and validate a methodology for assessing the sustainability of an oil and gas company, which (unlike traditional ones) is based on the systemic economic theory and considers sustainability as a result of the interaction of subsystems of object, environment, process and project types, their potentials and their combined contribution to the overall sustainability of the enterprise. The methodology is based on the systemic economic theory as a scientific basis for ensuring the viability of oil and gas companies in conditions of high uncertainty. The order of counting the generalized criteria of stability of subsystems of an oil and gas company is based on the consistent use of the method of hierarchy analysis by T. Saaty and multidimensional comparative analysis. The integral indicator – ​the index of oil and gas company sustainability – ​is calculated on the basis of the index method using geometric average by U. Jevons, interpreted with an interval method. Approbation of the methodology for assessing the sustainability of oil and gas companies was carried out on the basis of the data on oil and gas companies operating in foreign markets. The results of calculations showed different levels of stability of individual subsystems of oil and gas companies. In particular, the project-type subsystem, the fragility of which is caused by the resource-raw material model of business conduct, requires special attention from the management of Russian companies; foreign companies – ​the subsystem of the environmental type, the viability of which is determined by the potential of oil and gas assets. Recommendations for the formation of a model of behavior of an oil and gas company taking into account the level of its sustainability are suggested.

WASTELANDS. Recycling urban spaces for the shrinking city

Shrinkage processes are multidimensional phenomena affecting city sectors or regions that are experiencing a decline in their economic and social foundations and struggle in finding sound postindustrial revitalisation strategies. The symptoms of such structural crisis are population loss and ageing, economic recession, employment decline and social problems. The repeated international crises that followed the global economic, productive and cultural changes since the 1980s have resulted in the formation of neglected, underused and decay urban voids. The current abandonment scenario and related transformation opportunities are extremely complex and include a wide variety of typologically different wastelands. They comprise shrinking urban and peripheral fabrics, specific empty or obsolete infrastructure, derelict sites, and voids of with heritage value no longer animated by the socio-cultural “regime” that originated them. Wastelands are not unusual in Western society but their pervasiveness is certainly unprecedented given the general socioeconomic crises and dynamics. Abandonment is a challenging and constant process of space production to be filled with new functions by civil society. The re-cycle is even more challenging because the disposal of significant assets has occurred within a limited time frame compared to the post-industrial wastelands. Wastelands constitute a resource with relevant strategic opportunities for addressing a variety of issues – i.e., reducing land consumption, providing urban maintenance and rehabilitation, and increasing the supply of public open spaces, environmental quality characteristics, community standards and services. Last but not least, wastelands may provide new habitable and accessible spaces in contrast to various types of emergencies or polycrises the society is facing – i.e. climate, pandemics, territorial imbalances, ecological and energy resources impoverishment – thus addressing the transition scenario.