Exploitation Of Assets Research Articles

Financial Analysis of Real Estate Companies Based on the Harvard Framework: A Case Study of Poly Developments and Holdings

China's real estate market saw considerable volatility between 2019 and 2023. Poly Developments and Holdings Group Co., Ltd. successfully weathered the market downturn of 2020, the rebound in 2021, and the subsequent downturn in 2022 to retain its position as one of China's top real estate companies, which has peaked by 2024. Using the Harvard Analytical Framework, this paper covers strategic, accounting, financial, and prospective aspects of Poly Developments over the past five years, conducting a comprehensive financial analysis. By regularly implementing outstanding financial management strategies, Poly Developments clearly shows that it effectively controlled important market volatility over the past five years. Poly Developments achieved exceptional performance by adopting financial methods that were well-suited to its specific circumstances, avoiding excessive aggression during market upswings and excessive caution during downturns. In addition, the study suggests that Poly Developments should boost its financial risk management, grow its market, improve cost control and operational efficiency, and strengthen asset usage and inventory management.

Digital Capital and Cultural Capital in education: Unravelling intersections and distinctions that shape social differentiation

AbstractThis article seeks to provide a clearer understanding of Digital Capital in education. It introduces a comprehensive analytical framework that explores the relationship between Digital Capital and Bourdieu's Cultural Capital Theory. Instead of treating digital skills and resources as separate entities, it integrates them into Cultural Capital Theory as complementary elements. This approach helps shed light on the disparities in ICT usage. Data from the 2018 OECD‐PISA survey conducted in Italy are analysed to assess whether Digital Capital can be considered a component of Cultural Capital. The findings indicate that differences in Cultural Capital do not significantly impact the possession and usage of digital assets. Instead, distinctions become apparent through students’ behaviours within the school environment. This underscores the connection between digital competencies and various dimensions of cultural and educational capital. The article posits that status and cultural disparities stem not solely from digital competencies but also from their interplay with social and cultural resources. This offers deeper insights into how the digital divide intersects with broader societal power dynamics.

Learning local cascading failure pattern from massive network failure data

Abstract This article proposes a novel multivariate point process regression model for a large-scale physically distributed network infrastructure with two failure modes, i.e. primary failures caused by the long-term usage and degradation of assets, and cascading failures triggered by primary failures in a short period. We exploit large-scale field pipe failure data from a UK-based water utility to support the rationale of considering the two failure modes. The two modes are not self-revealed in the data. To make the inference of the large-scale problem possible, we introduce a time window for cascading failures, based on which the likelihood of the pipe failure process can be decomposed into two parts, one for the primary failures and the other for the cascading failure processes modulated by the primary failure processes. The window length for cascading failures is treated as a tuning parameter, and determined through maximizing the likelihood based on all failure data. To illustrate the effectiveness of the model, two case studies are presented based on real data from the UK-based water utility. Interesting features of the cascading failures are identified from massive field pipe failure data. The results provide insights on advanced modelling and practical decision-making for both researchers and practitioners.

Assessing Regional Asset Management Practices in The Provincial Government of West Sulawesi: Insights from APIP Supervision Based on Permendagri No.19/2016

Clear Description about regional wealth and basis for preparing financial report can be accomplished by good implementation of Regional Asset Management Practices. This research aim to assessing problem on regional asset management in the Provincial Government of West Sulawesi. The Research Method using quantitative analysis from data representation dan qualitative analysis from Permendagri No.19/2016. Conceptual analysis is carried out to data that show the weakness of asset management practices in The Provincial Government of West Sulawesi. These weaknesses include unoptimal of administration implementation by asset users and administrators, the potential loss of official vehicles that are still controlled by moved officials, not documented asset need in the RKBMD, unpaid vehicle taxes, the absence of decree for asset usage, and undocumented asset maintenance by regional asset maintenance cards.

Research on mobilization and effective utilization of capital for high-speed rail system development in countries: Some issues for Vietnam

The construction project of the high-speed rail (HSR) line on the North-South axis has extremely immense scale, with complex technical-technological standards, deeply and long-term impacting the country's economic and social development. This marks the first implementation of such project in Vietnam, thus requiring thorough and comprehensive research and evaluation. The selection of an appropriate financial mechanism is crucial to the project's success. The Vietnamese government is currently implementing a socialization policy in the transportation sector in general, and the North-South HSR project is proposed to be executed through a public-private partnership (PPP) model. In this framework, the state budget plays a leading and decisive role; external resources are deemed vital for breakthroughs. However, aspects such as how to mobilize funds, how the private sector participates, how it is managed, how the capital is repaid, whether to opt for limited-term transfers or lease of asset exploitation rights, over how many years... have yet to be addressed. Researching the mobilization and utilization of financial resources in countries with developed HSR systems, the authors observe varying investment and operational methods in each nation. Even within a single country, different financial models are applied in distinct phases. Alongside the successes achieved, there are instances of failed projects resulting in substantial losses. Hence, in addition to analyzing experiences in mobilizing and using funds for construction investment of HSR systems in other countries, the article also assesses the advantages and challenges for Vietnam. These are vital suggestions to aid the Vietnamese government in drawing lessons and selecting appropriate forms of mobilization and use of capital in line with the country's actual resources, exploiting the potential and advantages of the country.

Introduction of AI and Drone System in Field of Farming

The integration of artificial intelligence (AI) and drone systems in the field of cultivating addresses a groundbreaking way to deal with rural practices. This examination paper investigates the complex applications and ramifications of man-made intelligence and robot advancements in present day cultivating, zeroing in on their parts in upgrading efficiency, maintainability, and dynamic cycles. Through a far-reaching survey of existing writing, contextual investigations, and technological advancements the reconciliation of simulated intelligence and robot frameworks addresses a change in perspective in the horticultural business, enabling ranchers with significant experiences, upgrading asset usage, and cultivating feasible farming practices. By utilizing state of the art advancements and interdisciplinary methodologies, ranchers can upgrade efficiency, strength, and food security notwithstanding developing ecological and financial difficulties.

Power flow traceable P2P electricity market segmentation and cost allocation

This study explores peer-to-peer (P2P) electricity trading, emphasizing not just the export and consumption, but also the feasible physical supply of electricity and the use of distribution network assets. Building on a transaction-oriented dynamic power flow tracing model, a novel P2P market architecture is proposed. This architecture integrates the electricity market with the power network, considering technical constraints, network losses, and asset usage. The network is segmented into potential markets using second-order cone programming (SOCP), with an optimization problem introduced for loss-allocation. This problem merges network physical analysis and variable outputs from distributed energy resources (DERs). A graph-based P2P electricity trading model is designed to determine optimal transaction cost allocation and maximize benefits for both DERs and consumers. A case study on a modified IEEE 33-node test feeder substantiates the benefits of this market structure, demonstrating increased revenues for DERs and reduced bills for consumers compared to traditional feed-in-tariffs.

RESEARCH ON THE DIRECTIONS OF MONITORING THE USE OF REAL ESTATE IN SETTLEMENTS

Monitoring real estate assets in settlements is pivotal in effective territorial management. Accurate information on the status and utilisation of these assets is essential for informed decision-making, resource allocation, and the sustainable development of lands within settlements. This research delves into the multifaceted methodologies used to achieve these objectives. The driving force behind this research is the demand for data-driven, geolocation-based decision-making. The precise evaluation of real estate assets within settlements is indispensable for efficient land use planning, infrastructure development, and the prudent management of natural resources. In the ever-evolving urban landscape, comprehending the dynamics of real estate assets is strategically imperative, facilitating optimal resource allocation and sustainable growth. Populated areas often present intricate, multi-layered geographical landscapes. Conventional real estate monitoring methods, such as manual inspections and paper documentation, often fall short of the required timeliness and accuracy for effective management. It is here that modern technologies step in, offering innovative solutions to augment the monitoring process. Geographic Information Systems (GIS) are at the forefront of this transformation. They enable the collection, analysis, and visualisation of spatial data, offering a multidimensional perspective on real estate assets. Through GIS, real-time insights into asset usage, condition, and their impact on the environment become attainable. Utilising GIS empowers decision-makers and stakeholders, aiding informed choices that facilitate sustainable urban planning and development. Furthermore, integrating remote sensing technology elevates the monitoring of real estate assets in settlements. Satellite imagery and aerial photography provide high-resolution data to detect changes and trends. That is particularly valuable for assessing urban expansion, environmental shifts, and the allocation of lands for agriculture, industry, or residential purposes. Ensuring data accuracy, accessibility, and confidentiality is a paramount aspect of efficient real estate monitoring. Advanced data analytics, machine learning algorithms, and blockchain technology can be leveraged to safeguard data integrity, ensure privacy, and enhance the overall quality of information. In summary, research on monitoring the use of real estate assets in settlements stands as a critical field with wide-reaching implications. The amalgamation of GIS, remote sensing technology, and advanced data analytics is reshaping our approach to comprehending, managing, and planning land usage in urban and rural contexts. By harnessing the capabilities of modern technology and data-driven insights, we pave the way for more sustainable and efficient territorial management. Keywords: spatial provision, monitoring, geoinformation system, land use, cadastral data, modelling.

Optimalisasi Barang Milik Negara: Penelitian Konsep Capital Charge Dalam Perspektif Peningkatan Efisiensi Penggunaan Aset Pemerintah

Purpose: This study aims to analyze the possibility of applying the capital charge concept to the mechanism for managing state assets. This study also elaborates on the prerequisites that must be met for the application of the capital charge. Methodology/approach: This study uses a qualitative approach in the form of a case study conducted at the Directorate General of State Assets Management of the Ministry of Finance Republic of Indonesia. This unit has the authorization to formulate policies in the field of management of state assets. The study was carried out by analyzing literature studies, analyzing data on the management of state assets, and analyzing interview results. The data collection method consists of secondary data for literature analysis and data analysis on the management of state assets. Primary data collection methods were used to analyze interview results. The participants for this study are government officials in the Directorate General of State Assets Management and Directorate General of Treasury Ministry of Finance. Findings: The study found that the concept of capital charge is relevant for managing state assets, especially to the concept of optimizing state assets management. The optimizing concept focuses on the cost efficiency of underutilized BMN. However, in its implementation, it is necessary to take into account the fiscal impact from the perspective of state financial budgeting in the APBN. Practical implications: The implementation of capital charges in state assets management is expected to increase the efficiency usage of state assets which is in an underutilized condition. Originality/value: The study was carried out using the case study method at the unit which has the authority to formulate policies in the field of management of state assets. Previous research in Indonesia was done using another method.

The Urgency of Using YouTube Channels as Loan Collateral: Orientation and Limitations from a Progressive Legal Perspective

This scientific article presents a comprehensive analysis of the legal regulations and progressive legal aspects associated with using YouTube channels as collateral in Indonesian businesses. In the digital era, the complexity of relevant laws and regulations necessitates a progressive legal approach to accommodate digital assets, copyright protection, and personal data security while considering their impact on business transactions. The primary objective of this research is to examine the legal framework concerning the use of YouTube channels as collateral in Indonesia. Employing a normative legal research methodology and a legislative and conceptual approach, this study delves into the legal framework. The source materials include legislation, court decisions, legal literature, and scholarly articles, utilizing in-depth document analysis for data collection and analysis. The results of this research shed light on the multifaceted legal regulations governing the utilization of YouTube channels as collateral, encompassing legislation, copyright protection, consumer rights, and social media regulations, emphasizing the importance of understanding rights and responsibilities, and consulting legal experts. From a progressive legal perspective, the use of YouTube channels as collateral mirrors the legal adaptation to digital assets, acknowledging their economic value but requiring careful consideration of limitations such as fluctuating digital asset value, ownership changes, copyright, and data privacy. The significance of individual rights, copyright protection, and data privacy must be safeguarded within progressive legal regulations. This study contributes to the legal discourse on digital asset usage in Indonesia, offering insights into the evolving legal landscape and its implications for digital business transactions and asset management. Highlights: Legal Complexity: The study explores the intricate legal landscape governing the use of YouTube channels as collateral in digital business transactions. Progressive Legal Adaptation: It highlights the need for progressive legal approaches to accommodate digital assets, copyright protection, and data privacy in the digital era. Rights Safeguarding: The research emphasizes the importance of upholding individual rights, copyright protection, and data privacy within the legal framework for digital collateral use. Keywords: YouTube Collateral, Legal Framework, Digital Business, Copyright Protection, Data Privacy

Working Capital Management Efficiency using the Index Method

In order to better understand working capital management, which includes efficient handling of current assets as well as current liabilities? Efficient management of working capital is a precondition for the success of any kind of firm. The initial study's major goal was to assess the efficiency of working capital management in the automobile industry. The present study deals with the efficiency of working capital management in the selected four-wheeler passenger car manufacturing companies in India. The source of secondary data is the annual report and CMIE Prowess. The database of ten passenger car manufacturing companies in India is drawn at random from the source Statista based on their market share and brand in terms of passenger car manufacturing companies for the 10-year period from 2011–12 to 2020–21. This study employed three parameters to assess the efficiency of working capital management: the performance index of working capital management (PI), the utilization index of working capital management (UI), and the efficiency index of working capital management (EI). following the model suggested by Bhattacharya (1997). This study's results show most of the companies reviewed did well in terms of working capital performance, current asset usage, and working capital efficiency. Some selected passenger car manufacturers have efficiently managed their working capital and increased sales with existing assets. Companies with a low or negative efficiency index must use current assets efficiently to manage working capital. We feel this is an important topic that would be of interest in decision-making. Company managers in managing the company's finances must be more effective and efficient so that the company does not experience financial distress. For investors, it can be used as a reference in making decisions to invest by looking at companies that show companies that have good financial performance.

Upaya Meningkatkan Daya Pengelolaan SDM Di Era Digital Pada Atan Export

Digitalization of HR The board is the utilization of data innovation in the use of data and information the executives connected with HR in an organization or association. HR is the fundamental key being developed in all fields, including the oceanic and fisheries area. HR are accessible labor supply, including their number and information, abilities, and capacities. One might say that the nature of HR is one of the deciding variables in making the progress of an improvement program. In this way, the improvement of the quality and amount of HR is earnestly required with the goal that the usage of marine and fishery assets is completed ideally. What's more, so Indonesia has marine and fisheries faculty who are professional and of public and global principles to create great oceanic security. Atan Commodity is an organization that requires HR for the advancement of an administration of product and imported merchandise in the computerized world, thus dealing with the advanced period is vital to propel this organization.

Analyzing the efficiency of the use of current assets of dairy cattle breeding under digitalization

Subject. The article addresses the use of current assets of dairy cattle breeding. Objectives. The aim is to analyze the efficiency of current assets usage in dairy cattle breeding, give recommendations on optimizing the use of current assets in conditions of digitalization of production processes. The tasks include reviewing the efficiency of current assets of agricultural organizations of the Republic of Tatarstan over the past five years, identifying problems in efficiency evaluation, taking into account the specifics of production, developing a balanced system of indicators to evaluate the efficiency of current assets usage of dairy cattle breeding under enterprise digitalization. Methods. The study employs general scientific methods, i.e. systems approach, comparison, systematization, and generalization of data. Results. I developed a balanced system of indicators to evaluate the effectiveness of the use of current assets of dairy cattle breeding in the context of digitalization of enterprise activities subject to specifics of organization's work and information needs of management. The system enables to implement the deviation control principle in practice. Conclusions. The implementation of proposed recommendations on assessing the effectiveness of use of current assets will help the management of agricultural organizations to make management decisions, taking into account possible financial risks, and to promptly monitor the use of organization's assets in the future.

Corporate Governance Quality, Agency Cost and Shareholder Investment in Nigerian Consumer Products Companies

This study is anchored on Nigerian consumer products companies that are traded on the Nigerian Stock Exchange. This research investigates the connection between Corporate Governance quality, Agency cost, and Investment choice. Tobin's Q, Audit Committee, Board size, Board independence, Operational Expenses, and Asset Utilization Ratio data were taken from yearly reports of 10 chosen firms over an 11-year period between 2011 and 2021 to determine the connection. The OLS panel model regression's findings indicated that the value of the t-statistics computed for Audit Committee and Board Size was below the crucial value of 5%. This suggested that the Audit Committee had influence over the choice to invest in the chosen consumer goods firms. Asset usage ratio, Operating Expenses Ratio, and T-statistics for Board Independence all exceeded the crucial figure of 5%. This suggested that the Audit Committee's influence on the chosen consumer goods firms' spending decisions is minimal. The study's conclusion was that consumer products firms must have an ideal board structure if they want to perform better.

Comprehensive evaluation of integrated applications of photovoltaics: case study of three projects in Tianjin, China.

Solar energy has gradually become one of the priorities to sustainable energy supply, driven by the urgent need for energy security and the imminent threats of climate change. Diverse photovoltaic (PV) technologies can be applied and integrated with various industries to significantly increase the usage and output value of different assets, such as land appreciation within limited space. In order to quantitatively evaluate the overall performance of various integrated applications of PV, a comprehensive benefit evaluation index system, involving economy, environment, society, and land use, was proposed and applied to three selected PV projects, PV-JWZ, PV-NHPZ, and PV-DPBD, namely, in Tianjin, China. The results indicated that these projects all have great development potential due to their remarkable benefits of energy saving and emission reduction. Therein, the total income of PV-JWZ within 25 years is equal to 1441.9 million CNY, which is dominated by extra income from industrial convergence; PV-NHPZ can offset 231.8 t/(a·hm2) CO2, attributed to its larger installed capacity; while PV-DPBD would acquire strong policy support for distributed PV to further promote the zero-carbon buildings, owing to lower land consumption of 1.4 hm2/MW. By revealing the effectiveness and feasibility of various PV projects, this study could provide a theoretical reference for the promoting and planning various integrated applications of PV in different areas, according to local conditions.

The role of founder decision rights and operating and disclosure mechanisms in firm value creation

We find that founder firms use operating performance and transparency as mechanisms more effectively than non-founder firms for creating value. The greater effectiveness comes from the founders choosing their inputs strategically. Specifically, they increase the gross margin in differentiated firms that demand organizational agility and they increase asset usage efficiency in cost‑leadership firms. Founder firms exhibit higher transparency than non-founder firms in differentiated and cost leadership firms. The improvements in operational performance, transparency, and value are all greater when founders have more decision rights. Our results are consistent with the interpretation that influential founders use organizational performance and transparency to increase the firm value more effectively than managers of similar non-founder firms by providing a unified vision and a single point of control.

Examining the impact of tax policies and institutional reforms on economic growth: A systematic approach on Djibouti

Institutions are rules, guidelines, and regulations that regulate how agents participate in economic transactions, such as the purchasing and selling of commodities and services, as well as the usage of assets. They impact the objectives of major economic players in society, influencing expenditures in both tangible and intellectual capital, technology, and commodity. It also entails proper amounts of tax collections, which are critical for long prosperity, but many nations’ tax systems persist in their poorest connection in the encouragement of progress and state building. Hereby, the present study examined the role of tax policies and institutional reforms in promoting the economic growth of Djibouti during the period 2000 to 2021. The paper employed a Vector Error Correction model (VECM) and a Granger causality test to capture the long-run and short-run dynamic connection between the variables. As well as determining the direction of these associations. The findings presented that during the short-run tax policies and institutional reforms have an insignificant influence on economic growth. Whereas, the long-run outcome revealed that business taxes, government effectiveness, and institutional quality have a positive impact on economic growth. Further, the Granger causality test illustrated one-way causality between GDP, government effectiveness, and regulatory quality. The findings contribute by providing evidence to the region and for the country itself on the way of managing taxation and implementing rigorous institutional regulation in hope of promoting economic growth.

A review of environmental friendly green composites: production methods, current progresses, and challenges

The growing concern about environmental damage and the inability to meet the demand for more versatile, environmentally friendly materials has sparked increasing interest in polymer composites derived from renewable and biodegradable plant-based materials, mainly from forests. These composites are mostly referred to as "green" and they can be widely employed in many industrial applications. Green composites are less harmful to the environment and could be potential substitutes for petroleum-based polymeric materials. It is helpful to limit usage of fossil oil assets by developing biopolymer matrices such as cellulose-reinforced biocomposites using renewable assets such as plant oils, carbohydrates, and proteins. This paper focuses on green composites processing utilizing a variety of naturally available resources, sustainable materials which are not detrimental to the environment, new scientific signs of progress in achieving green sustainable development, as well as nanotechnology and its environmental consequences. Additionally, the environmental impacts of different composite materials are examined in this paper, along with their production from eco-friendly materials. Moreover, the manufacturing aspects of green composites and some concerns related to their production are also discussed. The merits of green composite materials and valid reasons why they are a valuable substitute for the traditionally used composite materials are also covered.

Kripto-imovina i arbitraža u Srbiji

Blockchain and digital assets are the new frenzy. What seemed like just another fad is now here to stay. Usage of blockchain and digital assets on a global scale and in greater volume necessitates a deeper scrutiny of the technology and its impact on the world and the legal and economic landscape beyond the initial analysis of its applicability and regulation. This paper focuses on the intersection of blockchain, digital assets and arbitration in Serbia. It analyses whether Serbia is suitable for digital asset disputes as a seat of arbitration and jurisdiction for recognition and enforcement of arbitral awards. The paper aims to answer very specific questions on crypto assets in the arbitration procedure and potential issues with these arbitration cases in Serbia. The conclusion it reaches is that Serbia is indeed a suitable jurisdiction for both the arbitration procedure itself and the recognition and enforcement of arbitral awards, but that idiosyncrasies of the Serbian legal system, and particularly judiciary, give rise to certain issues.

Why Different Acquirers Generate Different Firm Value From Cross-Border M&As: Evidence From Chinese Multinationals

Multinationals from emerging markets have attracted worldwide attention with their prominent cross￾border mergers and acquisitions (M&As). However, little is known about why emerging-market acquirers experience positive value creation through foreign M&A activity while many advanced country acquirers suffer value destruction. This study draws on institutional theory, the springboard perspective, and the asset exploitation and exploration perspectives to examine the critical determinants of firm value creation for Chinese acquirers. Analysis of data from a sample of Chinese firms over the period 2002–2019 shows unique outward M&A advantages held by Chinese multinationals. These companies benefit from tangible and intangible assets acquired from outward M&As in advanced and institutionally divergent economies. The findings suggest Chinese firms that use M&As to capture strategic assets create higher firm value than firms that are driven by traditional FDI motives.