Financial Cooperation Research Articles

Prospective Development in Co-Operative Finance

A number of issues of policy are emerging in co-operative development in India. One of these is the problem arising out of the concept of the crop loan and its definition and implementation. It should be noted that the crop loan emerged as a device which take co-operative credit a step beyond the stage which it had reached previously. At the earlier stage, whether explicitly related to the value of owned land or not, the credit of a cultivator depended largely on his real assets and the loan was made for a twelve-month period and was renewable. There was no explicit linking of the loan or its size to the purpose of utilisation; also fairly severe limits on loans to individuals and to societies as a whole were laid down. The result, almost universally, was that in no case could the credit extended by co-operative societies to an individual member serve his needs fully. The co-operative credit system could not, in the circumstances, hope to replace, even theoretically, the moneylender-trader system.

Mapping the Sustainable Human-Resource Challenges in Southeast Asia’s FinTech Sector

The significance of human resources (HRs) has increased with the increasing awareness of sustainability issues and corporate social responsibility. However, the rapidly emerging financial technology (FinTech) sector still presents an HR challenge. Southeast Asia, which accounts for the highest adoption rate of mobile banking, has set new records regarding the number of transactions, as well as funding amount, in recent years. Moreover, borderless financial cooperation, coupled with in-demand tech talents, will rapidly boost the development of the region. Thus, this study explored the new opportunities as well as challenges of a new business model, FinTech, in Southeast Asia’s banking and enterprise sector in the post-COVID-19 era. It also examined how organizations can achieve sustainable development via the interaction of the new operating model with existing ones by developing relevant strategies in the context of the “new normal” working condition. By reviewing the literature on HR management (HRM), we proposed how banking and FinTech companies could supply tech talent with the relevant experience or engage in training projects before recruiting. Additionally, since organizations desire sustainability-minded employees, they offer flexible working arrangements and well-established reward policies that can create remote work performance and retention rates. Being committed to upskilling and reskilling global talent by offering talent mobility opportunities across the organization, as well as by fully embracing the creation of value for cross-cultural talent, companies can support their employees’ long-term career goals and maintain competitive strength. Finally, organizations must focus more on flexible adjustments and cross-domain communication for global talent. Forming strategic alliances with FinTech companies would be an alternative conduit that can ensure that regional laws comply with the local culture and national law, for bias and conflict reduction.

Викладання в’єтнамської мови в Україні: стан та перспективи

At the state level, Ukraine and Vietnam have ample grounds for multifaceted cooperation: the two countries have traditionally friendly relations, established diplomatic relations, and signed agreements on cooperation in trade, finance, science, education, and culture. However, there is a lack of language specialists to positively and effectively implement the agreements between the two countries. Teaching Vietnamese in Ukraine has a quite short history. The article considers the main achievements in this field, problematic aspects, prospects and recommendations. The state of teaching Vietnamese to Ukrainians, as well as to children of the Vietnamese community living in Ukraine has been studied. It is determined that despite the different goals of these two areas, they have common problems. If we talk about the purpose of teaching Ukrainians the Vietnamese language, it is the development of bilateral relations between the two countries. And teaching Vietnamese to community children is preserving Vietnamese language and cultural identity. Among the common problems are the lack of teachers with appropriate professional qualifications, lack of textbooks, manuals, bilingual dictionaries and other educational materials. It was determined that the Vietnamese language for Ukrainians was taught in state educational institutions at the level of specialized secondary schools, as well as in higher education institutions, private courses were not considered in the article. The teaching Vietnamese to ethnic Vietnamese is provided only at the extracurricular level for schoolchildren and is an initiative of the Vietnamese community. The documentary and legal basis for cooperation in the field of education between Ukraine and Vietnam has been identified, as well as the necessary steps for further development of cooperation in this area.

The Internationalization of Renminbi: The View of Brazilian Companies Regarding the Internationalization Process of Chinese Currency

China is the second largest global economy and Brazil’s largest trade partner. Ever since the financial crisis of 2008, there has been deliberate intention on the part of the Chinese government to internationalize its currency. This study aims to investigate the perception of Brazilian companies regarding the internationalization of renminbi and its impacts on trade with China. We performed a qualitative research through a theoretical sampling, selecting nine major companies presenting relevant trade with China. The research shows that, by adopting renminbi, companies can reap economic benefits such as increase in trade and reduction in transaction costs, for instance. Some barriers have also been identified, coinciding with the literature review, such as lack of liquidity, reliability and independence of the Chinese monetary authority and other issues related to cultural differences. The companies interviewed support certain initiatives, such as entering into swap agreement and the adoption, by the Brazilian Central Bank, of renminbi in its international reserves. Finally, this study proposes financial cooperation agreements with China, aiming at reducing barriers on employing the Chinese currency and increasing business deals between both countries.

Penerapan Asas Primum Remedium terhadap Penipuan dan Penggelapan Dana Koperasi Jenis Simpan Pinjam

This article aims to discuss the application of the Primum Remedium Principle to Fraud and Embezzlement of Savings and Loans Cooperative Funds. The problem is focused on legal arrangements for fraud and embezzlement of savings and loan cooperative funds and the application of the primum remedium principle against fraud and embezzlement of savings and loan cooperative funds. To approach this problem, normative juridical research is used. The data were collected through literature study and analyzed qualitatively. This study concludes that the legal regulation of the criminal act of fraud and embezzlement of Savings and Loans Cooperative funds is not explicitly stated in the provisions of the cooperative regulations, then the Criminal Code (KUHP) is applied where fraud is regulated in Article 378 of the Criminal Code, while embezzlement is regulated in Article 372 KUHP. The Primum Remedium principle against criminal acts of fraud and embezzlement of savings and loan cooperative funds can be applied based on reports, investigations, investigations and losses caused to creditors and threatens to hamper financial system stability. Primum remedium principle as the main means in a statutory provision or prioritizing the implementation of criminal law in cooperatives because of the context of the situation, however, the use of such criminal law facilities must also be considered from the point of view of the greatest benefit, especially to create a healthy national economic system development in a future period. will come

Russian-Chinese financial cooperation: Development trends and prospects

Subject. The article discusses the importance of Russian-Chinese financial cooperation and its impact on the economic development of Russia. Objectives. The purpose is to identify aspects of Russian-Chinese financial cooperation that have a substantial influence on the Russian economy, to develop a scientific and methodological approach to quantifying the impact of Russian-Chinese financial cooperation on the Russian economy. Methods. We employ methods of economic, mathematical and statistical analysis, and practical developments of Russian and foreign scientists. Results. Three aspects of Russian-Chinese financial cooperation are important factors that directly affect the economic growth of Russia, namely, China's direct investment in Russia, bilateral trade, and currency swaps. Russian-Chinese financial cooperation will play a positive role in promoting the economic development of Russia. Conclusions. To ensure stable socio-economic development of Russia, it is important to develop financial cooperation with China. Russia should further expand bilateral trade, make efforts to attract Chinese investment, and continue monetary cooperation with China.

Evolutionary Game Analysis of Enterprise Green Innovation and Green Financing in Platform Supply Chain

In view of the financing dilemma of green innovation of manufacturers in the e-commerce supply chain, we build a strategy evolution game model between manufacturers and e-commerce platforms and describe the dynamic evolution law of manufacturers choosing green innovation and platforms choosing green financing. Combined with numerical simulation, the factors affecting green innovation and green financing decisions are analyzed and strategic suggestions are put forward. The conclusions are as follows: (1) There is a unique evolutionary equilibrium strategy for dynamic behavioral decision-making between manufacturers and e-commerce platforms; (2) Green innovation and green financing are beneficial to both players of the game; (3) Whether the platform provides green financing services for manufacturers is affected by factors such as commissions, additional benefits brought by green innovation or green financing, and financing amounts. This paper enriches the research on green strategies for e-commerce supply chains, provides suggestions for green innovation and financing cooperation between e-commerce platforms and manufacturers, and further promotes the green development of the manufacturing industry.

Cooperation of Financial Institutions and Facilities of Nature Reserve Fund: Basic Economy-Theoretic Aspects

Market changes in all fields of the economy of Ukraine demand the creation of new institutions and mechanisms of cooperation between branches, including the sphere of environmental reserve affair, which requires transformations, directed to the development not only of environmentally protectedcomponents, but also of its ecological and economic ones.The aim of the article is to represent financial cooperation, as partnership, which can ensure economic privileges of the results of innovation activities. Business entities, operating in the format of reserved business, should form a separate segment of entrepreneurship, which requires a special form of cooperation with financial institutions in the face of banks and credit unions. The credit tool can also become a form of environmentally oriented business activities, a development vector of cooperation of naturally reserved fund institutions and representatives of the private sector who want to carry out their activities taking into account environmental imperatives and produce truly ecologically pure products, but first of all corresponding a contractual mechanism must be formalized into a legal structure and an independent object of normative-legal regulation.

The Use of EU Territorial Cooperation Funds for the Sustainable Development of National and Ethnic Minorities in the Baltic Sea Region

The integration processes taking place in the Baltic Sea Region (BSR) are contributing to the sustainable development of this unique territory. Intensive cooperation financed from EU funds under the cohesion policy and the neighborhood policy have provided an opportunity for the development of ethnic and national minorities, who are important but still marginalized stakeholders. The theoretical aim of the article is to identify the attributes of national and ethnic minorities and to indicate key determinants of their sustainable development. The authors seek to answer whether territorial cooperation in the BSR contributes to the development of national and ethnic minorities, and if so, how. In the article, concepts and definitions related to the term “minority” are verified, classifications are developed and a model of sustainable development of ethnic and national minorities is built. Official statistical data are used to present the national and ethnic structure of the BSR countries. Then, 22 national minorities and 17 ethnic minorities are identified and described. Quantitative and qualitative research was carried out on 126 territorial cooperation projects supporting the development of national and ethnic minorities totaling EUR 85.25 million in value and implemented within 38 BSR programs in 2000–2020. The Sami minority were the greatest beneficiaries of the cooperation. Territorial cooperation projects have been shown to contribute to the preservation of cultural heritage and the development of education, social support and political empowerment. Territorial cooperation is a powerful instrument of sustainable development. Unfortunately, it still contributes only moderately to the development of national and ethnic minorities. There is a need to strengthen this issue in future programs of the cohesion policy and the neighborhood policy and to develop systemic solutions enabling national and ethnic minorities to participate more actively in the implementation of territorial cooperation projects.

Pengaruh Perputaran Kas Dan Perputaran Piutang Terhadap Sisa Hasil Usaha Pada Unit Usaha Simpan Pinjam Koperasi Karyawan PDAM Tirta Mahakam Di Tenggarong

Abstract:The purpose of this research is to know whether there is a significant influence of cash turnover anda receivable turnover to the rest of business result (SHU) and to analyze the dominant influence to the rest of business result (SHU) on Employee Cooperative PDAM Tirta Mahakam In Tenggarong. The data used in this research is the financial report Employee Cooperation PDAM Tirta Mahakam namely profit and loss and balance sheet 2012-2016 period. Analyzer used is multiple regression analysis, correlation coefficient analysis and coefficient of determination, t test and test f. The hypothesis is There is influence of cash turnover and receivable turnover to the rest of business result (SHU) on Unit Business Saving and Loan Employee Cooperative Unit of PDAM Tirta Mahakam In Tenggarong and Variable receivable turnover have the ost dominant influence to the rest of business result (SHU) on Unit Business Savings and Loan Employee Cooperative Unit of PDAM Tirta Mahakam In Tenggarong.The result of research shows that simultaneously cash turnover variabels and receivableturnover no effect on SHU on unit business saving and loan Employee Cooperative PDAM Tirta Mahakam In Tenggarong where the value of F arithmetic = 5,386 < F table = 19,000. The value of t test receivable turnover (X2) is 0,182 when compared with the test value of t cash turnover (X1) 0f 3,207 then cash turnover has an dominant influence on the rest of of business result.The number of R Square generated is 0,843, it shows that 84,3% of the remaining business result is influenced by cash turnover and receivable turnover. While the remaining 15,7% influenced by other factors or other variables beyond this study. Keyword: cash turnover, account receivable turnover, rest of business result

Pricing strategy and coordination of small‐ to medium‐sized enterprises based on bank‐insurance cooperative financing

With the increasingly serious environmental problems, the concept of environmental protection has been deeply rooted in people's minds. The development of small‐ to medium‐sized enterprises (SMEs) is also highly concerned, but such technology‐led enterprises are still subject to more constraints in financing. This paper introduces the loan guarantee insurance, establishes the income model of each participant under the two financing modes of traditional accounts receivable financing and accounts receivable financing under the cooperation of bank and insurer, and explores the role of loan guarantee insurance in financing of SMEs based on the Stackelberg game model. If the manufacturer's default risk premium is high, at the same time, when the loan interest rate announced by the bank under bank‐insurance cooperation is lower than the traditional model, the manufacturer under the loan guarantee insurance model produces and sells more products. However, while guaranteeing their own profits, the bank and insurer can lower the loan interest rate and insurance premium rate as far as possible, which can stimulate the market. By analyzing the complexity of the system, it is found that the decision‐maker's choice of adjusting speed and initial value affects the development state of the system.

Počátky formování československých obchodních zájmů v Turecku: od mírové smlouvy v Sèrves k mírové smlouvě z Lausanne

The aim of this article is to map the beginning of Czechoslovak-Turkish business relations from the end of the World War I until the signature of the Peace Treaty of Lausanne. It was created as a result of the work of the author, who has long been dealing with the issue of the start of Czechoslovak-Turkish business relations after the end of the World War I. This paper focuses mainly on the effort of the representatives of the Czechoslovak government in İstanbul to ensure an appropriate environment for the sale of Czechoslovak industrial products. The delegates of the Czechoslovak government in İstanbul considered local market as a great opportunity for the Czechoslovak firms and their products. It was nevertheless clear that, it was quite difficult task, since the beginning because several important steps were underestimated: primarily the opportunity to build on the previous business and financial cooperation of Austria — Hungary and the Ottoman Empire and initial disinterest of the Czechoslovak government. When collecting materials, the author mainly used the sources of the Ministry of Foreign Affairs of the Czech Republic and furthermore, previously published works and articles.

Triangular Cooperation of China-Japan in ASEAN Countries: Empirical Analysis and Path Selection

In the post COVID-19 Era, ASEAN countries continue to focus on alleviating the impact of the pandemic and supporting an economic recovery. The active promotion of triangular cooperation will be of great significance to the economic recovery and regional integrated development. The paper analyzed trade complementarity between China, Japan with ASEAN countries, estimated revealed comparative advantage index of China and Japan in comparison to ASEAN countries. Based on the empirical result, the paper put forward several suggestions to promote TC of China-Japan in ASEAN, which including to improve regional supply chain, strengthen financial cooperation, and promote local governments and association’s cooperation.

A Study on Corporate Public Diplomacy and National Image, Based on “16+1” Cooperation

Public diplomacy is an important aspect for the national development therefore, many enterprises are increasingly involved in the cooperation with different countries, in different fields, especially in the economy and trade market. In 2012, China established diplomatic cooperation and relationship with 16 different countries in the Central and Eastern Europe, subsequently leads to the establishment of the “16+1” cooperation platform. In the route of strengthening the cooperation between the two sides, more enterprises are participating in the economy and trade cooperation with different countries. A number of enterprises, are involved in the specific cooperation projects such as port construction, transportation, and financial cooperation. In the process of globalization, sharing, and integration of culture from different environments is something that due to happen, which may influence in the shaping of the country’s image.

Difference-in-differences test for micro effect of technological finance cooperation pilot in China

Abstract By establishing difference in differences (DID) and propensity score matching-double difference method (PSM-DID) models, the paper investigates the effect of the two pilot policies which promotes the combination of technology and finance based on the enterprise value with the available data from Shanghai and Shenzhen A-share listed companies in China from 2008 to 2019. Empirical results show that the first and second pilots of technological finance cause a significant increase and decrease in the enterprise value, respectively. These conclusions validate the effectiveness of China's technological finance policy from the enterprise value and provide empirical data support for optimising technological finance policies of the government and high-quality development of enterprises in the new era.

Asian stock markets closing index forecast based on secondary decomposition, multi-factor analysis and attention-based LSTM model

The analysis and prediction of stock markets in Asian is an important issue which can help to promote the integration and globalization of financial cooperation. However, owning to the non-stationary and complexity of the stock market fluctuation, it is challenging to predict the stock price accurately. Especially after the decomposition of the original series, how to solve the problem of pseudo information and filter the exogenous variables is often certain challenging. This paper presents a hybrid model based on secondary decomposition (SD), multi-factor analysis (MFA) and attention-based long short-term memory (ALSTM) to predict the stock market price trends of four major Asian countries. The original stock price series is preprocessed by two decomposition algorithms so as to capture further non-linear feature and better filter the noise. Multi-factor analysis is introduced as a supplement to the original data information. In the prediction stage, attention layer is added in long short-term memory model to increase the weights of effective information. Finally, four datasets about Asian stock markets and nine compared models were used to verify the performance of the proposed model. The empirical analysis results show that compared to the general long short-term memory, our proposed model can obtain higher 30% accuracy at least. The mean average percentage errors of the system were also the lowest among all models mentioned in this paper (0.612%, 0.903%, 0.606% and 0.402% respectively), which proves the effectiveness of the hybrid model.

Pengaruh Pembiayaan dan Nisbah Bagi Hasil terhadap Pendapatan para Anggota Koperasi

Cooperative financing with a profit-sharing system that is not burdensome on one side has a role and contribution in increasing income, but the problem faced is that the success in increasing income has not been effective. . The formulation of the problem in this study is whether financing affects the income of cooperative members and whether profit sharing ratios affect the income of cooperative members and whether financing and profit sharing ratios simultaneously affect the income of cooperative members at KSU Baitul Qiradh An-Nahl Central Aceh District . This study aims to explain the Effect of Financing and Profit Sharing Ratios on the Income of Cooperative Members (Studies at KSU Baitul Qiradh An-Nahl, Central Aceh District). This research is categorized in quantitative research with an associative approach. The population in this study amounted to 33 respondents with a sampling technique using saturated sampling, that is, all populations were used as samples. Sources of data in this study are primary data and secondary data with research instruments in the form of questionnaires and documentation. The data analysis technique used is multiple linear regression test. The results of the research based on the t test show that partially the financing variable has a positive and significant effect on income and for the profit sharing ratio variable it shows that the profit sharing ratio has a positive and significant effect on income. Meanwhile, based on the results of the f test, it shows that financing and profit sharing ratios have a positive and significant simultaneous effect on the income of cooperative members at KSU Baitul Qiradh An-Nahl, Central Aceh District.

Pengawasan dan Penindakan sebagai Upaya Perlindungan Hukum terhadap Dana Masyarakat yang Disimpan di Lembaga Koperasi (Studi Kasus di Ksu Banjar Negari, Kabupaten Gianyar)

This study aims to discuss the legal protection of public funds stored in cooperative institutions and cooperative action against cooperative customers who default in terms of borrowing cooperative funds. Cooperatives as a form of the business entity have an important position for empowering and strengthening the people's economy. Based on equal rights and obligations in carrying out certain businesses that intend to meet the various needs of the members. The research method used is the empirical method. Regarding the protection of citizen funds by irregularities in cooperative institutions, there is no legal certainty. Default has legal consequences for those who run it and poses a risk with the emergence of parties who feel that their rights have been harmed to prosecute parties who have defaulted in order to submit compensation, so by In the law, it is desirable that no one party feels the loss due to the default. The first sanction against cooperatives that apply legal protection to cooperative customers is to provide a letter of introduction by the cooperative regarding what the debtor is doing.

COOPERATION OF UKRAINE WITH INTERNATIONAL FINANCIAL AND CREDIT ORGANIZATIONS: CURRENT STATUS AND EXPANSION PROSPECTS

The article analyzes the state of Ukraine's cooperation with leading international financial organizations, paying special attention to such organizations as the International Monetary Fund, the European Bank for Reconstruction and Development, the World Bank, the International Bank for Reconstruction and Development and the International Development Association. The article identifies the advantages and disadvantages of cooperation with the IMF. The investment and credit activity of IFRS in Ukraine is analyzed. The influence of IFRS on the economic development of the country has been studied. The features of Ukraine's cooperation with the European Bank for Reconstruction and Development are revealed. The most relevant joint projects of the World Bank and the Government of Ukraine are given. The subject of the study is theoretical and practical issues related to the role of international financial organizations in financing the state development of the country. The purpose of the article is to open to identify the impact of international financial and credit institutions on financing the social development of Ukraine. research methods. The work uses a combination of general scientific and specific methods and approaches, such as dialectics, consistency, the method of scientific abstraction, comparative and factor analysis, and the logical approach. Work results. The role and significance of the IFC as an important source of external financial resources are disclosed. Scientific approaches to the use of international financial assistance and ensuring economic development in conditions of financial imbalances are summarized. It is shown that the experience of international financial organizations and their recommendations make it possible to take into account global and regional trends and processes, risks and problems in the financial environment. This is important for shaping the financial policy of sovereign states and improving the formats of their cooperation in the international arena. Findings. Financial cooperation with international institutions is a powerful source and an effective tool for the development of the national economy. The resources of international financial institutions are used to implement programs aimed at market reform, ensuring the stability of the national currency, solving socio-economic problems, economic growth, financing the state budget deficit and balancing the balance of payments. But financial debt to these institutions makes the country's economy vulnerable and dependent on foreign creditors. Now, when Ukraine is in a state of crisis, the issue of finding resources in the external market needs an urgent solution. Of particular relevance is the search for ways to expand international financial cooperation of Ukraine, which is associated with the need to provide the national economy with the necessary amount of financial resources due to a lack of funds in the Ukrainian market. A sovereign country has advantages in obtaining external official financial resources in comparison with other economic entities, which are determined by the trust in the sovereign state. This means support in the international arena and better conditions for receiving financial assistance. Additional financial resources as part of external official assistance allow the introduction of the latest technologies and financing mechanisms of the IFC, which improves the best management of financial resources and increases the efficiency of their use.

ВАРІАТИВНІСТЬ ДИФУЗІЙ ОБЛІКОВО-ФІНАНСОВОЇ ВЗАЄМОДІЇ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ

The article presents the author's opinion on modern aspects and types of accounting and financial interaction of economic entities in the field of design and implementation of social change. The implementation of these decisions requires an appropriate interpretation of the diffusions of accounting and financial interaction of economic entities and their socio-economic status. The aim of the article is to characterize the existing variability of diffusions of accounting and financial interaction of economic entities, to identify problems in the interpretation of the definition of "diffusion of accounting and financial interaction" of economic entities. The subject of research is the conceptual aspects of the variability of accounting and financial interaction of economic entities in the field of design and implementation of social change. The research hypothesis is the causal relationship of the impact of social transformations on the economic effectiveness of the interaction of economic entities based on the socio-economic concept of variability of diffusion of interaction and synergy from its implementation. Methods used in the study: comparison, comparison, systems and analytical approaches, generalization and classification, dialectical and formal logic. Presenting main material. It is established that the rational adaptation to modern socio-cultural, financial, economic and civilizational changes, which through unconscious spread very quickly penetrate into Ukrainian society is the basis for the introduction of innovative platforms for accounting and financial cooperation of economic entities. It is emphasized that the imperatives of innovative interaction of business entities are the generation and development of new accounting and financial knowledge, development and implementation of interaction ideas at a new level of perception. The originality and practical significance of the results is the possibility of applying the recommendations to improve accounting and analytical and financial control procedures, improve the efficiency of business processes of economic entities in modern conditions. Conclusions of the study. The logistics of diffusions of accounting and financial interaction of economic entities, which through the economically determined sequence of implementation of network structures, scientific methods, economic relations and public relations, encourages the business environment to build streams of production, distribution and consumption of innovative products. This concept has the direction of practical implementation through the activation of its main components: business units, government agencies and educational platforms.