Financial Requirements Research Articles

Socioeconomic Prerequisites and Baseball Participation: Exploring the Dynamics of Youth Involvement and Access

Youth participation in baseball has witnessed a decline, with notable losses of 3.7 million players aged 7 to 17 reported from 2002 to 2013. This decline can be attributed to various factors, including the intricate interplay of socioeconomic status, accessibility, and other pertinent dynamics. The sport's demanding financial requirements, coupled with the formidable challenges of achieving collegiate recruitment, compound the issue. This study endeavors to scrutinize the impact of diverse socioeconomic factors and access to sports facilities on the participation in baseball. The analysis revolves around a purposive sample comprising 43 collegiate baseball players, with the aim of unraveling the intricate connections between these factors and their influence on baseball involvement. Through rigorous data collection, meticulous analysis, and thoughtful comparisons against U.S. averages and benchmarks, the study paints a comprehensive picture. The results consistently reveal a compelling correlation between the necessity for socioeconomic advantages and the feasibility of pursuing collegiate baseball. Evidently, parental income analysis underscores that collegiate baseball players exhibit higher average incomes compared to the national median income. An overwhelming majority—90%—of survey participants conform to this higher parental income trend. Subsequent investigations into various other factors converge to a consistent conclusion: securing socioeconomic advantages is pivotal for individuals aspiring to engage with baseball at the collegiate level. In essence, this research shed light to socioeconomic prerequisites that intertwine with the pursuit of collegiate baseball participation, emphasizing the pressing need for equitable access to opportunities within the realm of baseball.

Fintech advancements for financial resilience: Analysing exchange rates and digital currencies during oil and financial risk

Given the rising technological revolution, the necessity to analyse the intricate interplay among Fintech, digital currencies, and exchange rates gains prominence, driven by the imperative of economic and financial sustainability. This urgency is accentuated by the need to navigate growing economic challenges and heightened financial strength requirements, particularly in the context of escalating oil price volatility, which amplifies financial market risks. In response, the current study examines the dynamic interactions between Fintech, digital currencies, exchange rates, oil price volatility, and financial risk spanning from 2011 to 2023, employing the most appropriate techniques are the Morlet Wavelet and time-frequency decomposition techniques, which enable this comprehensive study to investigate short-term and long-term associations between these variables. The findings of the study on the weekly data suggested that Fintech has a positive coherence with digital currency and exchange rate, which increases its potential to reshape the traditional financial market. Whereas the fintech relationship with oil price volatility and financial risk is negative, implying that fintech innovations and advancements have stabilised the effect of these risks. Digital currency and exchange rates have a phase relationship which affects international trade, cross-border remittances, and overall economic stability. In contrast, the nexus between digital currency and oil price volatility and financial risk is negative. The study also endorsed the mediating role of oil price volatility and financial risk for the interconnection between fintech digital currency and exchange rate. Owing to the rapid pace of fintech and currency restructuring, the current assessment aids in projecting forthcoming trends, prompting the adjustment of regulatory frameworks to align with the evolving market dynamics.

Implementation of Micro Syari'ah People's Business Credit (KUR) Financing at Bank Syari'ah Indonesia KCP Cirebon Plered 1

Bank Syariah Indonesia (BSI) KCP Cirebon Plered 1 has a variety of products. Therefore, KUR financing which is able to solve customer capital or financial problems, makes Bank Syariah Indonesia (BSI) KCP Cirebon Plered 1 one of the sharia banks of choice for prospective customers. The contract implemented by BSI KCP Plered I is the mudharabah contract, where the bank as shahibul maal entrusts a certain amount of capital to the customer as mudharib. Around 1,004 UMKM in the Cirebon area, including businesses that sell daily necessities, apparel, food and workshops, have received financing from BSI. The method used in this study is a qualitative descriptive method, where this research aims to describe and understand a phenomenon even further, in this case related to the Implementation of Micro Syari’ah Business Credit Financing (KUR) at Indonesian Syari’ah Bank KCP Cirebon Plered 1. Data collection techniques in this study were carried out by interviews, observation and documentation. Based on actual records, it can be said that BSI KCP Cirebon Plered 1 has succeeded in providing financing to customers. This is indicated by the financing requirements, the lending process, the realization of the financing, the amount of administrative fees, bank officer services, bank locations, guarantees/collaterals, knowledge and participation of customers/prospective customers, as well as providing a beneficial influence on customers

Platform financing vs. bank financing: Strategic choice of financing mode under seller competition

Third-party sellers on online platforms primarily rely on banks to meet their financing requirements and are often constrained by the lack of sufficient working capital. Online platforms such as Amazon and Alibaba have ushered new dynamics in the e-commerce financing landscape by offering working capital loans to these sellers, thereby directly competing with banks and influencing market competition. This paper analytically studies how the competition between third-party sellers on platforms affects the strategic financing choices of sellers, namely, platform financing (P) vs. bank financing (B). We examine how the financing choice influences sellers’ pricing decisions in the competitive product market. Based on the sellers’ financing choices, four lending modes are possible: BB, PP, BP, and PB. Our analyses provide critical insights on the optimal financing choices and uncover the interplay of pricing, product substitution, referral fees, and production costs. We show that any seller deviating from PP to a hybrid mode (BP/PB) leads to a higher platform interest rate and a lower seller profit. We find that the competing sellers choose a hybrid lending mode when the unit production cost is low. However, the platform always prefers PP, leading to an all-win outcome in the supply chain when the production cost is high. Furthermore, for products with low referral fees and high substitution effect, BP/PB emerges as the equilibrium mode, while for products with low referral fees and low substitution effect, PP is the equilibrium outcome. Interestingly, we find that both sellers may choose bank financing when their working capital levels are high.

Assessment Models for Feasibility Study of Extra Electricity Facilities Investment Projects

Numerous recent researches have revisited the issue of the potential conflicting feasibility method of competing investment projects. This paper provides an example of an assessment models can be built and used for feasibility analysis of electricity investment projects. An overview of feasibility assessment methods is presented, consist of general assessment model, risk analysis methods, and a new optimization method used to estimate strategic and financing requirements of electricity investment projects. This research also examines a new method to predict the optimal year to sell the investment. A case study is used to illustrate the use of a model to assess the feasibility assessment of a extra facilities in electricty project. The conclusion found that Net Present Value, Internal Rate of Return, Modified Internal Rate of Return and Payback Period combining with sensitivity analysis, scenario anaysis and simulation to analye the project risk should be used to assess feasibility model study of extra electricity facilities investment projects.

Các nhân tố tác động đến lựa chọn nguồn vốn của các doanh nghiệp phi tài chính tại Việt Nam

This study examines the determinants of financing choices of Vietnamese non-financial firms from 2012 to 2022. Our empirical analysis with multinomial logit regression reveals that size, liquidity, profitability, interest payments, depreciation ratios and the stock performance have significant impacts on the probability of financing choices in Vietnamese firms. In particular, we find that increased liquidity would lead to higher chance of using internal finance, while bigger firms tend to issue shares to meet their financing requirements. Moreover, improvement in the profitability and stock performance result to higher probability of using internal finance, whereas higher interest payment ratios is associated with higher probability of issuing bonds in the subsequent year

Lifetime Achievement Award in Research Presentation

Abstract:The research landscape has changed dramatically over recent decades with the evergrowing opportunities facilitated by increasingly sophisticated technologies and statistical approaches, and complexity of governance and funding requirements, coupled with a relatively recent acknowledgement of the need to consider the impact of what we study and whether it addresses concerns that are shared by patients and consumers.Over the past 20 years, the Melbourne Children's Brain and Mind team has followed children from the time of their brain injury as they have moved from infancy and childhood, through adolescence and into adulthood. With a backdrop of the myriad of changes in research approaches, over the life of this study, this presentation will describe the challenges and findings generated from our work and consider how key research questions have changed, whether the work has been impactful at a scientific and if it has impacted the outcomes of brain injury survivors.Finally, given the critical importance of researchers, at any stage of their career, in the successful conduct of programs such as ours, learnings regarding ingredients supporting successful research careers will also be explored.

Requirements for Using Digital Agricultural Extension in Providing Extension Service from Viewpoint of Agricultural Extension Agents

The research has aimed to determine the requirements for using digital agricultural extension in providing an extension service from the viewpoint of agricultural extension agents. The research population has included all agricultural extension agents who work in the Agricultural Extension and Training Department, the Training and Rehabilitation Center, the Agricultural Extension Center for Training, Al-Tarmiya Farm, as well as Al-Rashidiya Farm in Baghdad Governorate. Thus, a random sample has been taken from the research population at a rate of (83%). Accordingly, the proposed sample size has included (83) agricultural extension agents (from male and female). To achieve the goal of the research, a questionnaire has been prepared that included four axes: administrative requirements, technical and financial requirements, human requirements, and requirements of integrating the target audience to use digital agricultural extension. The agreement of extension agents on the requirements has been measured by using a five-point Likert scale (strongly agree, agree, somewhat agree, disagree, strongly disagree), and the following scores have determined for the scale expressions (5, 4, 3, 2, 1) respectively, hence, the general results (for the five axes) have shown that the majority of agricultural extension agents have had a high level of agreement with all requirements of using digital agricultural extension in providing agricultural extension services, with an average of (213.45) degrees, which is higher than the general average, and this may reflect the realism and objectivity of the requirements that have addressed in the research, which will provide an appropriate ground and achieve a satisfactory level of efficiency and effectiveness in the process of using digital agricultural extension in providing the agricultural extension service, if they implement and activate by the decision makers (authorities) in the Iraqi Ministry of Agriculture.

Review on erosion phenomenon, maintenance, and financial calculation of lifetime as an asset for Pelton turbines

Prevention of greenhouse emissions is the top priority for all countries, which urges them to switch to renewable energy as much as possible. Hydropower is one of the renewables that have high flexibility and at the same time compatibility to be used with any other renewable sources. Moreover, hydropower plants operating in the Himalayas, Andes, and Alps are facing operational challenges due to the high concentration of sediment loads in rivers. Although the arrangement of traditional sediment control mechanisms like dams and sand traps, the erosion tendency of hydro-turbine components operating in this sediment-laden water increases with the increased concentration of sediments. Much past research has been directed towards understanding sediment behaviors, investigation of flow, and effect of concentration, shape, and size, especially with Francis turbines. However, there are very fewer studies regarding sediment erosion and flow behavior in the case of the Pelton turbine. Hence, delving deeper into the flow characteristics, sediment behavior, and performance of the Pelton turbine is important to better understand the flow and sediment pattern of these types of turbines. The paper consists of the evaluation of studies conducted on the flow pattern in the Pelton turbine buckets and its validation with the numerical analysis models using image processing. It is being used in the Waterpower Laboratory at the Norwegian University of Science and Technology, NTNU. This paper also evaluates the scope of investigations about erosion by sediments in Pelton buckets using image analysis and state-of-the-art technology in the hydropower sector. In addition, a review is done about the predictability of erosion based on the measurements of the quantity of sediments that passes through the turbine. This research paper can build a background for quantifying sediment erosion in Pelton turbines with a certain degree of error, which can be utilized as a reference in future studies. The life cycle estimation of a turbine is also analyzed with the consideration of its location and financial return requirements together with the type of maintenance that it may have and the repair that is foreseen, in the case of a non-coated surface.

Analysis of MSME Capital Using Sharia Fintech Peer to Peer Lending

As one of the pillars of the economy in Indonesia, it is proven that MSMEs are able to survive the Covid-19 pandemic with various innovations they have implemented, but there are still several obstacles in the development of MSMEs themselves. MSMEs, especially for the micro business scale in Indonesia, are still classified into segments that have limited access to formal financial institutions (unbankable population). The results of the PWC survey in 2019 The biggest problem of MSMEs is the problem of capital, and in an effort to obtain additional capital, around 74% of the micro segment cannot access financing from the formal financial sector. Increasing access to finance itself is one of the strategies to achieve Sustainable Development Goals (SDGs). Based on previous research, Islamic fintech has a role in driving SDGs targets, especially the targets to (1) eradicate poverty and (2) hunger, and (3) reduce inequality in wealth distribution. In this study we conducted indepth interviews with several MSME players and Islamic fintech companies. The lack of literacy related to fintech with the sharia peer to peer lending scheme makes MSMEs afraid to do business financing with this scheme, even though this scheme is very suitable for the unbankable population because the financing requirements are easy and fast in the disbursement process.

Factors Affecting MSME Actors' Interest In Becoming Customers For Islamic Bank Financing

This research aims to analyze the influence of Islamic financial literacy, capital requirements, ratios, and convenience on the interest of micro, small, and medium enterprises (MSMEs) to become Islamic bank financing customers. This research uses a descriptive quantitative approach with an analytical method such as multiple linear regression. The population of this research is all MSME actors in East Java. The research sample was obtained from 63 MSMEs in East Java using the Roscoe approach. The data source uses primary data as a questionnaire and is analyzed using multiple linear regression. The research results show that Islamic financial literacy, capital requirements, nisba, and convenience significantly influence the interest of MSMEs to become Islamic bank financing customers. Partially, only the nisba positively and significantly affects the interest of MSMEs to become Islamic bank financing customers. Islamic financial literacy, capital requirements, and convenience do not influence the interest of MSMEs to become Islamic bank financing customers. This research can be used as a complement to existing theories. It can be used as a reference for Islamic banks and the government in developing strategies to attract MSMEs to become Islamic bank financing customers.

Research on Cost Management of Logistics Enterprises Under the Between Big Data, Intelligence, Mobile Internet and Cloud Computing

In 2013, the concept of "Great wisdom moving Cloud" was first proposed at the China Internet Conference. Under the national technology innovation strategy, Dazhiyun has gradually become a powerful technology engine for economic development and enterprise transformation and upgrading. With the advent of the era of "big wisdom moving cloud", the traditional enterprise cost management has been unable to meet the current financial management requirements, how to form a cost leading advantage has become the core task of cost management. Big data, artificial intelligence, cloud computing, Internet of Things and other related technologies provide technical support for enterprise cost management innovation. However, under the background of "big wisdom moving to cloud", there are still many shortcomings in enterprise cost control, such as backward cost management concept, backward related supporting system, lack of professional talent quality, data collection distortion, etc. Enterprises should take the initiative to introduce information technology. To develop in the direction of technological innovation and management innovation, reduce costs and increase efficiency.

Ownership structure and technological innovation: an investigation of Tunisian agri-food companies

PurposeThe aim of this study is to investigate potential relationships between the corporate governance system and the innovation development process, with a specific focus on the agri-food sector in the Tunisian context.Design/methodology/approachMost studies on innovation management have shown the collective nature of the innovation process, resulting from the multiple interactions that can be established between various actors, internal and external to the enterprise perimeter, which is increasingly digitally open, especially in the COVID-19 era. More specifically, the implementation of an innovation strategy is a risky issue for businesses, most of all when considering its financial requirements and impacts, and thus, appropriate management plays a relevant role in this respect.FindingsStatistical tests, operated on a sample of 80 Tunisian companies, show that the style of management and the concentration of ownership exert significant influence on the dynamism of technological innovation in the agri-food sector.Originality/valueThe involvement and the commitment of institutional investors can contribute to stimulate the innovation process in the agri-food sector, providing related implications with significant impact, at the scientific and managerial level.

New Financial Fair Play Requirements in the Context of Global Restrictions

The purpose of the paper is to develop recommendations for Russian football clubs aimed at strengthening their financial stability.The subject of the study is the UEFA financial fair play rules and their impact on the financial stability of football clubs.The relevance of the paper is confirmed by the changes taking place in financial regulation of football clubs by the UEFA and the Football Union of Russia (FUR), which are caused by the global crisis and have not yet been studied in the scientific literature, which confirms the novelty of the study. The authors’ method is an analysis of the editions of the UEFA financial fair play rules and RFC licensing rules that have been in effect since 2011, along with any violations and subsequent sanctions. The annual reports of European public football clubs, studies of consulting companies, and academic publications in this field were also considered. This paper helped identify the chronology of financial rules in football and directions for their improvement. The authors conducted a detailed analysis of financial performance of club football in Europe and Russia, taking into account the impact of the pandemic, revealed the main problems and ways to solve them based on best practices.The results of the research included recommendations for conforming to the financial requirements of international federations and FUR as well as ensuring the long-term sustainability of the Russian football industry.

Exploring the 2023 Reformation of Financial Systems in Higher Education Institutions and Examining the Practical Aspects of its Execution

As China’s economy has experienced rapid growth, the economic landscape for higher education institutions’ financial systems has become increasingly intricate. Consequently, there has been a heightened demand for enhanced financial management in these institutions. Notably, in 2012, the country’s Ministry of Finance and Ministry of Education introduced a new financial system for higher education institutions, and in 2022, the Ministry of Finance publicly revised this system to further standardize financial practices within higher education institutions, align with financial management requirements, and foster the development of these institutions. This paper offers an extensive examination of the updated financial system for higher education institutions compared to the previous version, delving into aspects such as the financial management framework, professionalization criteria for financial directors, enhancements in managing the proceeds from technology and research achievements, and the incorporation of management accounting reports. Additionally, it provides a comprehensive analysis of the challenges faced by financial management in higher education institutions and outlines strategies for addressing these issues.

Sustainable Energy Development: History and Recent Advances

Sustainable energy development (SED) is a crucial component of the Sustainable Development Goals (SDG), aiming to maintain economic and social progress while protecting the environment and mitigating climate change’s effects. SED serves as a transition paradigm for sustainable development, providing a blueprint for energy peace and prosperity for people and all uses. This article presents the history of SED and then uses a critical discourse approach to summarize existing review studies in SED. Ten interlinked themes of SED are identified, with two of them considered to be among the least studied in existing SED reviews and in the current global discussion around climate change. This study explores these two themes, which include energy financing and the need for 100% renewable energy (RE), a sub-theme of decarbonization strategy working towards the 1.5–2.0 °C scenario. The study suggests that the current G20 countries’ contributions, if maintained continuously per annum, in addition to 80% more funding from private investment compared to the amount in the 1.5 °C scenario financial requirements for clean energy, are sufficient to limit global warming. In addition to the present drive for 100% RE, the article also discusses emerging issues, such as energy storage options with an indication of hydrogen as the most promising, other energy-related development agendas, and the need for regional security stability to prevent energy wars. Selected SED decarbonization strategies are presented across the power, transport, building, and industrial sectors. The study concludes with progress and directions for future research, mainly the need for re-defining nationally determined contribution (NDC) through an emissions budgeting and centralized global or regional emissions stock-taking strategy working towards the 1.5 °C scenario.

The Hidden Economic Consequences of Migraine to the UK Government: Burden-of-Disease Analysis Using a Fiscal Framework.

Background: Migraine is a highly prevalent and incapacitating neurological disorder associated with the highest global disability burden in people aged 15 to 49 years. Europe has the fourth-highest prevalence of migraine, after North America, South America, and Central America, and above Asia and Africa. Migraine leads to relatively modest direct healthcare expenditure but has substantial indirect costs due to reduced productivity. Methods: The economic burden of migraine was estimated in comparison with the general population of the United Kingdom (UK) using an analytical fiscal modeling framework applying the government cost perspective. Published measures of migraine's impact on labor participation were applied to rates of economic activity/inactivity of the general population. The model estimates lifetime changes to earnings from employment, direct and indirect taxes paid, and financial support requirements over the life course. Incremental differences between those affected and unaffected by migraine are reported as net fiscal consequences to public accounts. Fiscal costs are reported as the discounted average per capita over a 20-year time horizon and for the entire annual UK cohort with prevalent migraine. Results: People affected by migraine are more likely to be absent from work, unemployed, and disabled, and to retire early. A 44-year-old individual affected by migraine was associated with £19 823 in excess fiscal costs to the UK government, £1379 per year living with the condition, compared with someone not affected by the disease. Annually, migraine was estimated to represent £12.20 billion to the public economy, approximately £130.63 per migraine episode. The model predicted annual productivity losses in the health and social care workforce to be £2.05 billion and total annual productivity losses to be over £5.81 billion. Conclusions: This fiscal analysis monetizes the occupational consequences of migraine to the UK government, both in terms of lost tax revenue and transfer payments. The findings are substantial and useful to characterize disease severity and to inform the body of evidence considered by decision makers appraising the cost-effectiveness of health technologies.

The Hidden Economic Consequences of Migraine to the UK Government: Burden-of-Disease Analysis Using a Fiscal Framework

Background: Migraine is a highly prevalent and incapacitating neurological disorder associated with the highest global disability burden in people aged 15 to 49 years. Europe has the fourth-highest prevalence of migraine, after North America, South America, and Central America, and above Asia and Africa. Migraine leads to relatively modest direct healthcare expenditure but has substantial indirect costs due to reduced productivity. Methods: The economic burden of migraine was estimated in comparison with the general population of the United Kingdom (UK) using an analytical fiscal modeling framework applying the government cost perspective. Published measures of migraine’s impact on labor participation were applied to rates of economic activity/inactivity of the general population. The model estimates lifetime changes to earnings from employment, direct and indirect taxes paid, and financial support requirements over the life course. Incremental differences between those affected and unaffected by migraine are reported as net fiscal consequences to public accounts. Fiscal costs are reported as the discounted average per capita over a 20-year time horizon and for the entire annual UK cohort with prevalent migraine. Results: People affected by migraine are more likely to be absent from work, unemployed, and disabled, and to retire early. A 44-year-old individual affected by migraine was associated with £19 823 in excess fiscal costs to the UK government, £1379 per year living with the condition, compared with someone not affected by the disease. Annually, migraine was estimated to represent £12.20 billion to the public economy, approximately £130.63 per migraine episode. The model predicted annual productivity losses in the health and social care workforce to be £2.05 billion and total annual productivity losses to be over £5.81 billion. Conclusions: This fiscal analysis monetizes the occupational consequences of migraine to the UK government, both in terms of lost tax revenue and transfer payments. The findings are substantial and useful to characterize disease severity and to inform the body of evidence considered by decision makers appraising the cost-effectiveness of health technologies.

Public-private partnerships investment in energy as new determinant of renewable energy: The role of political cooperation in China and India

The most urgent global concerns revolve around environmental degradation and climate change. The potential approach to address these challenges is the implementation of a transition towards renewable energy sources. The acquisition of capital plays a crucial role in facilitating the transition towards clean energy. The government sector has demonstrated a lack of adequate funds in numerous instances. Given the substantial financial requirements associated with renewable energy, it is imperative to establish partnerships with the private sector. Hence, this study examines the influence of public-private partnership investments on renewable energy, specifically focusing on the significance of political cooperation, R&D expenditures, and technological innovation in China and India from 1990 to 2021. We used panel ARDL and the Pairwise Granger causality tests for analysis. The findings revealed that public-private partnerships, R&D investments, and political cooperation enhance renewable energy whereas, technology impedes renewable energy. The results of the causality test confirm that there exists a bidirectional relationship between investments in research and development and renewable energy. Additionally, the analysis reveals a unidirectional relationship between technology and renewable energy. The study suggested policy implications for guiding investments in public-private partnerships within the energy sector to enhance renewable energy generation and safeguard environmental integrity.

Modernizing Non-Profit Law in Canada

Non-profit corporations benefit from significant tax subsidies, but they are largely regulated by corporate statutes rather than tax law. Recent legislative reforms in Canada have sought to modernize non-profit statutes to reflect the changing non-profit sector, with a focus on increasing accountability and fairness. Yet, despite the increasingly national reach of non-profits, governance and financial transparency requirements can differ considerably between jurisdictions. This article compares non-profit rules about directors and financial review in Alberta, British Columbia, Ontario, and federally. It demonstrates how modern non-profit law reforms make regulatory choices about governance and financial transparency requirements based on local policy priorities. The article then uses tax expenditure analysis to argue for a national perspective that considers the different regulatory burdens facing non-profits receiving the same federal tax subsidies. It finds that inconsistent rules between jurisdictions raise significant accountability and fairness concerns. For smaller non-profits, uninformed incorporation choices may result in a higher compliance burden. For non-profits seeking a lighter regulatory load, the uneven regulatory landscape may lead to jurisdiction shopping. The article argues that the increased harmonization of non-profit law across Canada is key to continuing the work of modernizing non-profit law. It concludes by identifying potential law reforms and their limitations.