Financial Management Strategies Research Articles

Integration of AI and IoT into Corporate Social Responsibility Strategies for Financial Risk Management and Sustainable Development

This research explores the integration of artificial intelligence (AI) and the Internet of Things (IoT) within corporate social responsibility (CSR) strategies, focusing on financial risk management and sustainable development. Employing a novel Coevolutionary multi-paradigm approach to technological development, this study examines how these technologies can be embedded into CSR practices to enhance sustainability and manage risks effectively. The findings reveal that successful integration depends significantly on the adaptability of institutional structures to support technological innovations. This study contributes to the literature by providing a comprehensive analysis of the intersection of AI, IoT, and CSR, highlighting the necessity for robust mechanisms and policies that ensure security, standardization, and sustainable use of emerging technologies. Through this investigation, this research offers a new perspective on leveraging advanced technologies to advance corporate sustainability and risk management objectives.

Research on Cross-International Business Operation and Management Strategies of Enterprises

As globalization accelerates, the corporate realm finds itself amidst an unprecedented international business landscape. Conventional marketing paradigms and management strategies falter in such rapidly shifting environments, presenting both challenges and opportunities for multinational operations. This discourse delves into the myriad challenges facing multinational corporations, such as policy risks, legal framework disparities, cultural differentials, economic and monetary policy uncertainties, and disparate rates of technological advancement. Moreover, the article conducts a profound analysis of theories pertaining to international business and multinational management, cultural variance theories, as well as strategic management theories, with the aim of furnishing a robust theoretical foundation for multinational operations and management. Beyond mere theoretical exploration, this article also endeavors to elucidate various successful strategies in multinational operations and management, encompassing market entry strategies, marketing strategies, human resources management strategies, and financial and risk management strategies, in order to furnish enterprises engaging in international markets with reliable guidance and successful paradigms, thus encouraging the realization of both social value and commercial interests in tandem.

Cashflow Management Practices and Financial Performance of Small and Medium Business Enterprises in Kenya

This comprehensive review examines cash management and its impact on the financial performance of Small and Medium Enterprises (SMEs). The review covers theories, practices, and empirical evidence, providing insights into financial management strategies. Theoretical perspectives include the Dynamic Trade-Off Theory and the Free Cash Flow Theory, which shed light on the implications for SMEs' financial management strategies. Empirical evidence underscores the importance of cash accountability, internal controls, cash policy, cash budgeting, and financial performance metrics like profitability, liquidity, and solvency. Effective cash management is crucial for SMEs as it enables growth, optimizes investments, enhances profitability, and ensures financial stability. This synthesis offers valuable insights for policymakers, practitioners, and academics seeking to understand and enhance SMEs' financial performance through sound cash management practices.

Analysis of The Applications of Payroll and Wage Accounting Systems in Supporting Internal Control (Case Study at TK Aisyiyah Bustanul Athfal)

This research focused on an in-depth analysis of the implementation of payroll accounting and wage system in TK Aisyiyah Bustanul Athfal and its impact on school internal control. Using descriptive approaches and qualitative methodologies, data were collected through various techniques such as documentation, observation, and interviews. The findings of this study show that although the payroll and wage systems implemented have proven relatively effective, there are still significant shortcomings regarding administrative tasks, the use of documents, and accounting records. The implications of this study highlight the urgency to continuously improve the payroll accounting system to strengthen internal control at TK Aisyiyah Bustanul Athfal. These corrective measures should prioritize optimizing administrative processes and maintaining more accurate and detailed accounting records, thereby ensuring compliance with applicable internal control standards. The study provides valuable insights into the development of financial and human resource management strategies in an educational environment.

Risk Management Strategies in Facing Global Financial Market Volatility

Global financial market volatility refers to the unpredictable fluctuations in the prices of financial assets such as stocks, bonds, currencies, and commodities. This volatility can stem from various factors such as economic indicators, geopolitical events, policy changes, technological advancements, and investor sentiment. This research aims to analyze effective risk management strategies in facing global financial market volatility. Market volatility often triggers anxiety, uncertainty, and irrational investment decisions. In this situation, it is important for investors to adopt the right strategies to minimize risks and maximize long-term investment outcomes. In this study, data is collected from various sources related to global financial market volatility and risk management strategies adopted by investors during periods of uncertainty. Qualitative and quantitative analyses of this data are conducted to identify patterns of investor behavior and the effectiveness of applied risk management strategies. The research findings indicate that maintaining a long-term perspective, retaining portfolio diversification, and taking an active approach to risk management are effective strategies in dealing with market volatility. Open communication with financial professionals is also proven to be essential in helping investors stay calm and make rational decisions.

Innovative Strategies for Financial Investment Management Strategies of Enterprises in the New Era

With the in-depth development of economic globalization and the continuous emergence of new technologies, the importance of enterprise financial investment management strategy is becoming more and more prominent. The traditional financial investment management strategy can no longer meet the needs of enterprises in the new era and needs to be innovated with the times. For enterprises, the effectiveness and scientificity of financial investment management strategy will directly affect the competitiveness and long-term development of enterprises. Therefore, this study chooses the innovation based on the financial investment management strategy of enterprises in the new era as the research theme, aiming at exploring the innovative strategy to adapt to the needs of enterprises in the new era.

Fuzzy Analysis of Financial Risk Management Strategies for Sustainable Public–Private Partnership Infrastructure Projects in Ghana

Public–private partnership (PPP) is a prominent tool for sustainable infrastructure development. However, the positive contributions of PPPs toward the attainment of sustainable, climate resilience and zero-carbon infrastructure projects are hampered by poor financial risk management. This problem is more prevalent in developing countries like Ghana where private investment inflow has plummeted due to the COVID-19 recession and poor project performance. Thus, this study aims to assess the key financial risk management strategies in ensuring sustainable PPP infrastructure projects in Ghana. The study utilised primary data from PPP practitioners in Ghana solicited through survey questionnaires. Factor analysis, mean scores and fuzzy synthetic analysis are the data analysis techniques for this study. The results revealed that sustainable and green funding models, effective cost-reduction initiatives, a competent team with committed leadership and emerging technologies and regulations constitute the key strategies for managing the financial risks of sustainable PPP infrastructure projects. Although future studies must expand the scope of data gathering, the findings of the study enrich the theoretical understanding of financial risks in sustainable investments in PPP infrastructures. Relevant remedies that will aid the development of practical financial risk management guidelines are also provided in this study for PPP practitioners.

The Impact of International Financial Regulation on Financial Management of Chinese Enterprises

With the globalization of financial markets, international financial regulation has become increasingly crucial in shaping the financial landscape of countries worldwide. This paper explores the influence of international financial regulation on the financial management of Chinese enterprises. By examining the regulatory frameworks, compliance requirements, and their effects on financial practices, this study aims to provide insights into how Chinese financial enterprises navigate through the complex regulatory environment. Through a comprehensive analysis of case studies and empirical data, this paper sheds light on the challenges and opportunities presented by international financial regulation for Chinese financial entities, and suggests strategies for effective financial management in this context.

Factors Influencing Income Smoothing Practice Among Manufacturing Firms in Kenya

This research aims to assess the factors influencing income smoothing practices among manufacturing firms in Kenya. Income smoothing, a financial management strategy used by organizations, intentionally manipulates reported earnings to achieve stable and predictable financial performance. This practice, driven by management incentives and regulatory frameworks, impacts decision-making processes and stakeholder perceptions. This study examines income smoothing practices among manufacturing firms in Kenya and recognizes the unique challenges they face, including fluctuating raw material costs and evolving regulatory environments. Based on theoretical frameworks such as agency theory and signaling theory as well as empirical findings, the factors that influence income smoothing behavior are examined. The most important influencing factors include regulatory frameworks, management incentives, industry competition and economic conditions. The study shows that during economic volatility, companies tend to adopt income smoothing measures to increase stakeholder confidence, while regulatory changes such as the introduction of International Financial Reporting Standards (IFRS) increase transparency and reduce income smoothing. In addition to the compensation structures for executives, competitive pressure and access to capital markets also shape income smoothing practices. Understanding these influencing factors provides insights into the dynamics of income smoothing and its impact on financial transparency and decision-making in the manufacturing sector in Kenya.

STRATEGIC GUIDELINES AND THE ROLE OF HUMAN CAPITAL FOR RESTORATION OF THE FINANCIAL AND ECONOMIC SECURITY OF CRITICAL INFRASTRUCTURE IN THE CONDITIONS OF BANI WORLD AND INDUSTRY 4.0

The purpose of the study was to determine strategic guidelines and specify the role of human capital for restoring the financial and economic security of critical infrastructure in the conditions of BANI World and Industry 4.0. Method. In the research process, such methods were used as content analysis of scientific sources and literature, generalization, systematization and addition of the work of domestic and foreign scientists in the field of clarifying the role of human capital in the restoration of economic systems, as well as in establishing the influence of trends in the modern world on the quality of human capital and on its ability to positively influence the development of Ukraine's economy and the restoration of the financial and economic security of its critical infrastructure in the post-war period. A graphic method of visualization of individual provisions, assumptions and conclusions obtained in the research process is used. The results. It has been established that the financial and economic security of critical infrastructure facilities is an important economic characteristic of national security. A high level of financial and economic security of strategically important enterprises means their ability to withstand economic risks, to be independent of external financing, to carry out effective financial and economic activity even in a situation of significant resource limitations, which will certainly be characteristic of the post-war economy. Although European partners and the whole world promise Ukraine financial support in the process of its recovery after the war, critical infrastructure enterprises in the economic plane must be characterized by a high level of functional independence, and therefore, the problem of their financial and economic security must be solved at the levels of top management and the state without the involvement of third parties or organizations. The vectors of influence of Industry 4.0 and the world of BANI on the critical infrastructure of the state are summarized. The role of human capital in restoring the financial and economic security of critical infrastructure objects is outlined. Scientific novelty. Strategic guidelines for restoring the financial and economic security of critical infrastructure in the conditions of BANI World and Industry 4.0 are proposed. Practical significance. The proposals presented in the study can serve as a supplement to the state policy of post-war recovery and development of the economy of Ukraine in terms of managing its critical infrastructure and can be used by critical infrastructure objects when developing their own financial and economic security management strategies.

The Influence of Regional Original Income and General Allocation Funds on Economic Growth with Capital Expenditures as an Intervening Variable

Purpose: The purpose of this research is to explore the relationship between financial sources, public services, and economic growth at the local government level. Specifically, the study aims to investigate how Regional Original Income and General Allocation Fund allocations impact capital expenditure and subsequently influence economic growth. By examining these relationships, the research seeks to provide insights into the effectiveness of financial management strategies employed by local governments in promoting economic development and improving public services. Methods: This study utilizes data from all districts/cities of Bali Province for the period 2015-2020, comprising Regional Original Income, General Allocation Fund, Capital Expenditure, and Economic Growth indicators, totaling 54 data points. A saturated sampling approach, also known as total sampling, is employed to ensure comprehensive coverage of the dataset. The analysis technique involves Structural Equation Modeling (SEM) using the SmartPls 3.2.8 program, allowing for the examination of complex relationships between variables and the assessment of their direct and indirect effects. Results and discussion: The findings of this study reveal several key insights: 1) Regional Original Income positively and significantly influences capital expenditure, indicating that higher revenue generated within regions contributes to increased investment in infrastructure and development projects; 2) General Allocation Fund demonstrates a positive but insignificant effect on capital expenditure, suggesting that while these funds are allocated for public services, they may not directly translate into capital investments; 3) Regional Original Income and General Allocation Fund show negative and insignificant effects on economic growth, implying that other factors may have a stronger influence on overall economic performance; and 4) Capital expenditure exhibits a positive but insignificant effect on economic growth, suggesting that while investment in infrastructure may contribute to economic development, other factors play a more significant role. Implications of the research: The findings of this research have implications for local government policymakers and stakeholders involved in financial management and economic development planning. By understanding the relationships between financial sources, capital expenditure, and economic growth, policymakers can devise more effective strategies for resource allocation and investment prioritization. Additionally, the study highlights the need for comprehensive approaches that consider various factors influencing economic growth beyond financial inputs alone, such as regulatory environments, market conditions, and governance structures. Originality/value: This research contributes to the literature by providing empirical evidence on the relationship between financial sources, public services, and economic growth at the local government level, particularly within the context of Bali Province. By employing Structural Equation Modeling and analyzing a comprehensive dataset, the study offers insights into the nuanced dynamics of financial management and its implications for economic development. Furthermore, the findings underscore the importance of considering multiple factors in the formulation of local government policies aimed at fostering sustainable economic growth and improving public services. Overall, this research adds value to the understanding of local government finance and its role in driving regional development agendas.

Impacts of anti-dumping duties on firm’s performance: Evidence from listed firms in seafood industry in Vietnam

The study aims to examine the impact of the anti-dumping tax imposed by the United States under the simultaneous influence of financial factors on the performance of enterprises in the seafood export industry. The author selected data including 21 companies listed on the Vietnamese stock market in the period 2017 - 2022, and used GMM estimation technique to retest the influence of familiar factors such as lag of the firm’s performance, size, leverage, liquidity ratio, sales growth rate to the firm’s performance (measured by ROA), in addition, the paper also provides additional evidence on the impact of new factors: anti-dumping tax and export sales ratio. Research results show that (1) 6 out of 7 independent variables including , Size, Liq, g, ADr, Exp.re / Tot.re are statistically significant, (2) anti-dumping tax rate and geographic revenue structure are both recorded negative impacts on performance. The results of this study contribute academically by providing a new insight into the relationship between revenue and profit in the case of exporting to countries that apply anti-dumping tax and contribute practically by proposing some implications for foreign trade policy and corporate financial management strategy.

Integrated and systematic Best Practices of "Financial Management in Education" in Southeast Asia

Effective financial management is critical to school success. Financial management and finance in education are crucial. Since educational institutions are not profit-driven, the community and parents must ensure that each is used to improve the quality and quantity of instruction. Numerous researchers have explored the best financial management practices in education, but more research is needed. Comprehensive research is required to determine the best educational financial management approaches. Financial management practices like budgeting, resource allocation, cost control, and financial responsibility must be studied in educational settings. According to this study, different approaches in different educational environments affect student progress, school effectiveness, and economic viability. Further comparative research on financial management methods in educational institutions or across nations is needed. This study reviews the literature on efficient financial management practices in education. The systematic literature review (SLR) method and 7P flow diagram are used for analytical systematic reviews. This study addresses demographic questions in current scholarly works on optimal financial management approaches in education, including nation, research methodology, and participant count. Examining the latest academic works on education's strategic trajectory and financial management components will help determine the best financial management methods for education and future study. The systematic research shows excellent financial management strategies in education. Western and Southeast Asian demographic literature shows little research on the best financial management strategies for schooling. This comprehensive and systematic review of educational literature on optimal tactics and fiscal administration seeks to identify education's best practices. This research's structure and review of difficulties will improve school leaders' strategic financial management. It will underpin future research and policymaking. By filling this research gap, education policymakers, school administrators, and financial managers can get evidence-based advice on the best financial management strategies to improve resource allocation, educational quality, and long-term financial viability.

Financial Management of Harvard University: A Common Size Analysis and Implications for Indonesian Higher Education Institutions

This study aims to (1) determine Harvard University’s financial management strategy using the common size analysis approach in Harvard University’s balance sheet report for the fiscal year 2020-2022; and (2) examine its implications for Indonesian higher education institutions. The analysis is described from 3 perspectives: the perspective of assets, liabilities, and net assets. The research design uses a descriptive quantitative approach. The primary data source is the Annual Financial Report for Years 2020-2022. The analysis technique used is the analysis of common size. The results of this study indicate that from an asset perspective, attention is paid to managing liquidity, investment, and fixed assets. The importance of debt management, deferred income management, and long-term debt monitoring is highlighted from a liability perspective. From a net asset perspective, the strategy includes allocating operational resources, an endowment fund, and project management of profit-sharing agreements. This analysis provides valuable insights for Indonesian higher education institutions in developing financial management strategies. The limitation of this research is the limited focus on the analysis of balance sheet reports from the perspective of assets, liabilities, and net assets of Harvard University. This study does not consider external factors or other variables that may affect the University’s financial management strategy more comprehensively.

Income predictability and budgeting

AbstractUnpredictable income poses a significant threat to economic stability for many U.S. households. While budgeting may help to mitigate some of the negative effects of unpredictable income, the process of budgeting can also be more challenging under such circumstances. This paper presents new descriptive evidence on the relationship between income predictability, financial wellbeing, and budgeting behavior using data from a nationally‐representative survey of nearly 4000 U.S. adults. We document a strong negative relationship between income unpredictability and financial wellbeing. However, the strength of this negative relationship is substantially attenuated for those who budget. This suggests that budgeting may be a useful tool for mitigating the adverse effects of unpredictable income. Despite these benefits, the propensity to budget is significantly lower among those with the most unpredictable income. These findings indicate the need for policy reforms that insure households against unpredictable income in addition to efforts targeting individual‐level financial management strategies.

Village Financial Management StrategyLombok Timur District (Case Study In Keruak District)

One of the positive impacts of regional autonomy is the change in the government system from a centralized system to a decentralized system. Decentralization in regional autonomy means that there is a delegation of authority from the central government to regional governments. The delegation of authority means the granting of authority and flexibility to the regions to manage and utilize regional resources optimally. Although the emphasis on autonomy is placed at the Regency/City level, in essence, independence must start from the lowest level of government, namely the Village. Because government starts from the village, as a follow-up to the provisions contained in Law Number 23 of 2014 concerning Regional Government, Law Number 6 of 2014 concerning Villages was issued. Article 1 of Law Number 6 of 214 concerning Villages states that: "The village is a legal community unit that has territorial boundaries that are authorized to regulate and manage government affairs, the interests of the local community based on community initiatives, origin rights, and/or rights. recognized and respected in the system of government of the Unitary State of the Republic of Indonesia. The research objectives are: To analyze the Village Financial Management strategy in 2 villages namely Stungkep Lingsar Village and Mendana Raya Village, Keruak District, East Lombok Regency, for the 2015-2018 fiscal year. The research method used is a qualitative research method, while the results of the research are as follows: There is a very clear difference between financial management in Setungkep Lingsar Village and financial management in Mendana Raya Village. Village financial management in Setungkep Lingsar Village, starting from the planning, implementation, administration, reporting and accountability processes have been going well and correctly in accordance with applicable regulations, while village financial management in Mendana Raya Village, in terms of activities related to Planning, Management Business, Reporting and Accountability have been carried out properly and correctly in accordance with applicable regulations, especially the provisions in Permendagri Number 113 of 2014 concerning Village Financial Management, only in terms of carrying out activities that deviate from existing provisions, where the transfer of funds to build and or finance other activities that are considered urgent and have not been listed in the APBDesa, not accompanied by changes in the APBDesa. Suggestion, the East Lombok Regency Government and the Village Head and related agencies to provide in-depth understanding to village government officials either through education education and training as well as through courses related to village financial management

The Influence of Risk Management Practices on Financial Market Stability: Insights from Lebanon

This research investigates the relationship between various risk management practices, including diversification, hedging, and contingency planning, and their impact on the dependent variable, financial market volatility. The study is based on a sample size of 127 observations in the context of Lebanon's financial markets. The primary objective of this research is to analyze how risk management practices employed by financial institutions and market participants affect the stability of Lebanon's financial markets. To achieve this, the study employs a quantitative approach, utilizing statistical analysis and regression modeling to assess the relationships between the independent variables (risk management practices) and the dependent variable (financial market volatility). The independent variables in this study encompass risk management practices, namely diversification, hedging, and contingency planning. These practices are crucial components of financial risk management strategies employed by institutions and investors. By examining their influence on financial market stability, this research aims to provide insights into effective risk mitigation strategies within the Lebanese financial context. The decision of Lebanon as the study's context is significant due to the unique economic and geopolitical challenges faced by the country. The financial markets in Lebanon have been subject to various external and internal pressures, making the analysis of risk management practices particularly relevant. The sample size of 127 observations allows for robust statistical analysis, ensuring the validity of the findings. The research findings are expected to contribute to the existing body of knowledge on risk management and financial market stability, with potential implications for policymakers, financial institutions, and investors operating in Lebanon and similar emerging market economies.

Optimizing Financial Performance: Deciphering the Interplay of Liquidity and Profitability in Bank Muscat, Sultanate of Oman

This study explores the intricate relationship between liquidity and profitability at Bank Muscat, Oman, examining various financial indicators such as Cash Reserve Ratio (CRR), Total Deposits to Total Assets (TDTA), Capital Adequacy Ratio (CAR), Total Loans to Total Deposits (TLTD), Liquid Assets to Total Assets (LATA), Liquid Assets to Total Deposits (LATD) and Liquidity Risk Exposure (LRE). The findings reveal that Liquid Assets to Total Assets (LATA) significantly correlates with Return on Assets (ROA), while other indicators show varied relationships. Notably, the Capital Adequacy Ratio (CAR) has a substantial negative impact on both ROA and Return on Equity (ROE). Cash Reserve Ratio (CRR), Total Deposits to Total Assets (TDTA), and Total Loans to Total Deposits Ratio (TLTD) have significant impact on ROE. Regression models exhibit exceptional explanatory power, highlighting liquidity and financial indicators' role in explaining profitability variability. Despite some liquidity ratios affecting profitability, others like Liquid Assets to Total Assets (LATA), Liquid Assets to Total Deposit Ratio (LATD), and Liquidity Risk Exposure (LRE) lack conventional significance levels. The recommendations encompass optimizing liquidity management, fortifying capital adequacy, monitoring deposit-to-asset ratios, evaluating liquidity risk exposure, assessing liquid asset allocation, and implementing dynamic risk management frameworks. Future research should consider comparative analyses across banks or regions, advanced statistical methodologies, and exploration of nuanced factors influencing liquidity-profitability dynamics, contributing to comprehensive financial management strategies for banks.

THE MANAGEMENT OF FINANCES IN INTERNATIONAL PROJECTS: OPTIMIZING COSTS AND ENSURING SUCCESS THROUGH GLOBAL INVESTMENTS AND FINANCIAL MANAGEMENT

In the course of writing the scientific article, an in-depth study of aspects of financial management in the context of international projects was conducted. The focus was on analyzing cost optimization strategies and achieving success in a global investment and financial management environment. The conducted research shows that in the modern world of globalization, it is important to understand and effectively implement financial management strategies that take into account the unique aspects of international business. Particular attention is paid to the identification of risks related to the external environment, such as currency fluctuations, political and economic risks, which affect the effectiveness of financial decisions. Particular attention is paid to the use of specialized financial instruments to reduce risks, such as risk management and multi-currency settlements. The article analyzes in detail the influence of financial decisions on the effectiveness of international projects, emphasizing the strategic context of profit maximization and ensuring the stability of the financial position. The study of the interaction of financial mechanisms in international transactions takes place in the context of the unique challenges of the global business environment, including currency fluctuations and political and economic risk. In addition, the article summarizes recommendations and strategies aimed at achieving maximum efficiency and sustainability for international projects through careful strategic planning and cost optimization. A detailed analysis of various mechanisms of financial management in the context of global investments has revealed key principles that can serve as a basis for solving complex financial management tasks in international business.

Payleteerr Demi Gengsi

The use of Paylater as a means to achieve a desired lifestyle, especially among the younger generation, is the highlight of this research. With a focus on psychological and financial impacts, this study combines qualitative and quantitative approaches to investigate the complex interactions between demographic factors, motivations, and the consequences of using Paylater for prestige. Through data collection using questionnaires and interviews with samples covering various age groups, education levels, and income levels, the research results highlight interesting findings. The main motivation for using Paylater was revealed as a drive to achieve a prestigious image and keep up with emerging digital consumption trends. The psychological impact cannot be ignored either, with some respondents admitting to the financial stress associated with this habit. Data analysis shows that education level plays an important role in an individual's ability to manage Paylater debt. Respondents with a higher level of education tend to be more aware of risk and have better debt management strategies. The implications of the results of this research include challenges in financial literacy and psychological well-being in the digital era. A more targeted approach is needed to educate young people about the financial risks associated with using Paylater for prestige. Nonetheless, this study acknowledges limitations in the generalisability of the results and suggests further research to investigate alternative financial management strategies and the long-term impact of this phenomenon