Financial Ability Research Articles

A Case Study of Financial Integration of Yonghui Supermarket under the Financial Sharing Model

At present, due to the rapid development of information technology, problems such as low financial work efficiency, high operating costs, imperfect internal control system and inadequate risk control have emerged. In order to improve and solve these problems, many companies have put forward a financial sharing solution, which in essence is to centralize financial data and carry out standard assembly-line reform on part of financial work. However, this only improves the efficiency of financial accounting to a certain extent, but does not improve the financial value creation ability, and cannot meet the deep-level requirements of enterprises. Therefore, with the gradual development of management accounting theory, the integration of industry and finance will gradually become the trend of financial management in the future. In this paper, financial sharing is the starting point to study financial integration. Yonghui Supermarket is selected as the research object. Firstly, the general situation of the company and the establishment process of its financial sharing center are introduced. Secondly, it analyzes the effect of financial integration under the corporate financial sharing model. Finally, the research conclusions of this paper are put forward.

Solvency and Liquidity Analysis of Selected Pharmaceutical Companies in Indian: A Comparative Study

This study delves into the solvency and liquidity positions of prominent pharmaceutical companies in India, aiming to provide insights into their financial robustness and ability to meet short-term obligations. Utilizing key financial metrics such as current ratio, quick ratio, and interest coverage ratio, the analysis focuses on Arubinda Pharma, Lupin Ltd., Cipla Ltd., Dr. Reddy's Laboratories, Sun Pharma, and Torrent Pharma. The findings reveal that Arubinda Pharma consistently exhibits strong liquidity positions, supported by high current and quick ratios. Lupin Ltd., Cipla Ltd., and Dr. Reddy's Laboratories showcase moderate to high liquidity levels, accompanied by consistently robust interest coverage ratios, indicative of sound debt servicing capabilities. However, Sun Pharma and Torrent Pharma display moderate interest coverage ratios, with Sun Pharma experiencing some fluctuation over time. Overall, the selected pharmaceutical companies demonstrate solid liquidity and solvency positions, with occasional deviations, emphasizing their overall financial health in the industry. Keyword: Pharmaceutical Industry, Financial Ratios, India.

Risk Management Strategy on Financial Performance of Micro Finance Institutions in Uganda: A Case of Rushere Savings and Credit Cooperative Organization in Kiruhura District

Microfinance institutions (MFIs) play a crucial role in promoting international and local development goals, especially in the context of poverty reduction, economic empowerment, and financial inclusion. MFIs provide financial services, such as microloans and savings accounts, to low-income individuals and small businesses. These services are intended to help people lift themselves out of poverty by providing access to capital for income generating activities. Many of the United Nations' Sustainable Development Goals, such as no poverty, zero hunger, and gender equality, can be furthered through the work of MFIs. However, it's essential to note that the impact of MFIs varies depending on the specific institution, its approach, and the regulatory environment in which it operates. While microfinance has the potential to be a powerful tool for development, it is not a panacea and must be implemented effectively to achieve the desired outcomes. Consequently, MFIs face various risks in their operations, which impact their financial stability and ability to achieve their social and economic development goals. To manage these risks effectively, MFIs need to implement robust risk management strategies. The specific objective of carrying out this study was to examine the extent to which risk management influences the financial performance of Rushere Savings and Credit Cooperative Organization in Kiruhura Uganda. The research questions focused on risk assessment, diversification of portfolio, credit risk management, member education, technology risk management, and insurance risk coverage. This study was based on a quantitative research approach. The study was underpinned by the modern portfolio theory. A descriptive research design was used to obtain the responses that were later statistically described in quantified formats. The study considered a target population of 160 people from which a sample size of 127 respondents was selected for this study. Both Stratified proportionate sampling and simple random sampling techniques were used to select individual respondents in their strata. Structured self-administered questionnaires were used for primary data collection. Data was analyzed by the use of inferential statistics with the aid of Statistical Package for Social Scientists (SPSS) version 24.0. The study established a significant positive relationship between risk management and financial performance (β1=-124, p=0.000<0.05). The study concluded that there is a strong positive relationship between risk management and financial performance. The study recommended the implementation of risk management strategies to enhance the performance of SACCOs. Keywords: Risk Management, Performance, Strategy, SACCOs

Impact of Demographic Factors on Financial Inclusion in Pondicherry Union Territory

Financially excluded people are those who do not have any access to the banking services. Financially exclusion can be a broad concept related to a lack of access to a range of financial services or a narrow concept reflecting particular circumstances such as geographical exclusion, exclusion on the grounds that charges and prices are prohibitively high, or exclusion from marketing efforts. The case firm (Indian Bank) wanted to increase the usage of financial facilities under financial inclusion by large number of socially disadvantage people. The entire Pondicherry region was selected for the study as the Indian Bank is the lead bank in that region and 3 per cent of the sample respondents were aware of banking services, followed by 15 per cent of respondents feel that there was improvement in savings and financial management ability.60 per cent of sample respondents responded that their income level had increased to the extent of 500 rupees, followed by 38 per cent of respondents responded that their income level has increased to the range of Rs.500 and Rs.1000 rupees and merely two per cent said their income rose above rupees 1000. Even though all the respondents possessed the no-frill account, it was found that majority were not utilizing it effectively. 60 per cent of sample respondents feel that lack of knowledge as a constraint, followed by 21 per cent and 17 per cent feel that taking insurance through insurance firm was easier and there is no sufficient service from banks as insurance firms respectively. Content of service provided got the maximum score and ranked as first, followed by procedure of availing credit which was ranked second and Other factors were ranked by the respondents in the following order, rate of interest, timeliness of credit availability, treatment of respondents by bank officials and sufficiency of credit.

Developing a conceptual partner selection framework for matching public–private partnerships of rural energy internet project using an integrated fuzzy AHP approach for rural revitalization in China

The development of rural clean energy is the key to cope with the shortage of traditional energy supply in the rural revitalization strategy and improve the sustainability of rural energy supply. Under the background of digital age, the development and utilization of rural clean energy Internet has become the focus of rural economic development. The government partners of the Rural clean Energy Internet PPP project (RCEIPPPP) are the key to promoting the green and intelligent development of rural energy. In this paper, the index system of project partner selection is constructed, and the problem of government partner selection for RCEIPPPP is studied by AHP and fuzzy comprehensive evaluation. The results of this study are as follows: 1) Partners' financial ability, technical ability, management ability, performance experience, corporate reputation, cooperation ability and risk management are the influencing factors for government partner selection of rural clean energy Internet PPP projects (RCEIPPPPs); 2) Compared with other factors, financial ability, technical ability, management ability and performance experience are the four key factors that are more important in choosing partners; 3) The empirical research shows that AHP, fuzzy comprehensive evaluation and the index system constructed by this research can be applied to the practice of government partner selection for RCEIPPPPs. This study puts forward the evaluation system of government cooperation selection of energy Internet PPP projects from the theoretical level, improves the existing research methods, and makes the theoretical system in this field more complete. From the practical level, it provides scientific basis and suggestions for the government to make decisions on energy Internet PPP projects, and improves the engineering efficiency and quality of rural clean energy Internet construction. This study demonstrates the complexity of clean energy projects, the need for an integrated approach to decision-making, and the need for project managers to actively manage communication and collaboration with partners to ensure successful project implementation.

A Framework for Healthcare Services Affordability for the Homeless in Malaysia: Addressing Inequalities

The issue of homelessness is a worldwide problem that necessitates attention from all stakeholders. The major concerns are around inadequate legislation safeguarding the rights of the homeless and their financial ability to seek medical care. This study aims to assess the feasibility of establishing a healthcare framework specifically tailored for the homeless population in Malaysia. Semi-structured interviews were carried out with individuals aged 18 years and older who are currently residing in homeless-related facilities in Malaysia. A total of 57 participants from three distinct sites were questioned. Based on the input from these participants, this study discovered that homelessness can be attributed to a range of factors, such as unemployment, familial issues, criminal histories, and even personal choice. When questioned about their primary necessities when experiencing homelessness, the majority expressed apprehension regarding access to sustenance and housing, while a few also voiced concerns about receiving medical care. Although many individuals disregard the importance of seeking medical care, a portion of the homeless population experiences severe ailments. The report presents preventive and sustainable ways to address the issues of homelessness and suggests improvements to legislation.

Extreme weather, climate risk, and the lead–lag role of carbon

This study employs the thermal optimal path method to establish a framework for dynamic nonlinear connections between Chinese carbon and foreign exchange markets. Subsequently, it examines the effects of extreme weather events on the lead–lag role played by carbon. The empirical results indicate that China's carbon market typically lags behind its currency exchange market. Compared to the Hubei carbon market, the Guangdong carbon market experiences synchronized price movements between carbon and foreign exchange due to high pricing efficiency. Furthermore, shocks from extreme weather events can attract public attention to the carbon market and cause the typical lead–lag structure to reverse, whereupon the carbon market leads the foreign exchange market under such shocks, especially during heat waves. Our findings have implications for investors aiming for positive cumulative returns on hedging portfolios and policymakers wishing to bolster the financial market's ability to withstand exogenous shocks.

Review of the Impact of Corporate CSRD on the Capital Cost of Debt

With the expansion of credit scale, green credit releases a large number of ecological dividends. CSR reporting is different from tightly regulated financial reporting and there are no uniform standard to regulate and monitor its disclosure. At the same time, because CSR reports mainly contain non-financial information of text, and text is more flexible and easier to manipulate than numbers, compared with financial reports, CSR reports have a large space for subjective manipulation, which runs counter to the original intention of reducing information asymmetry. Existing studies have confirmed that CSR intonation can provide incremental information to external information users, so it is worth further exploring whether creditors will obtain information from CSR reports when making credit decisions. Therefore, this paper tries to take CSR intonation as the entry point, summarize the motivation and consequences of CSRD, the relationship between social responsibility and debt capital cost, discuss the impact of CSRD behavior on the financing ability of enterprises, further improve the theoretical basis and conclusion of CSRD and enterprise financing ability, and promote the sustainable development of enterprises.

Green finance improves enterprises' environmental, social and governance performance: A two-dimensional perspective based on external financing capability and internal technological innovation.

This paper takes the establishment of the Green Financial Reform and Innovation Pilot Zone (GFPZ) in 2017 as a natural experiment, adopts the data of a-share industrial listed enterprises in Shanghai and Shenzhen from 2010 to 2020, and utilizes the difference-in-differences (DID) method to carry out empirical tests. The results show that (1) GFPZ policy significantly improves the environmental, social, and governance (ESG) performance of enterprises, and the positive effect is mainly realized by improving the external financing ability and green-technology innovation level of enterprises. (2) There is heterogeneity in the impact of GFPZ policy on the ESG performance of firms with different equity natures and internal control levels. (3) Green finance promotes active corporate social responsibility, and it can further improve environmental governance in the regions where it operates. This paper provides a useful supplement to the comprehensive understanding of green-finance policy effects and ESG impact factors, and it is of great significance in mitigating the negative environmental and social externalities caused by the excessive pursuit of economic benefits by enterprises.

Pengaruh Fraud Pentagon Terhadap Fraudulent Financial Statement dengan Umur Perusahaan Sebagai Variabel Moderasi

This research aims to analyze and provide empirical evidence of the influence of the fraud pentagon which consists of the components of pressure, opportunity, rationalization, ability and arrogance on fraudulent financial statements, moderated by company age. The research was conducted using a purposive sampling method on 63 industrial sector companies listed on the Indonesia Stock Exchange in 2018-2022. A sample of 24 companies was obtained, then outliers were carried out for 8 companies, resulting in the final sample data remaining in this study being 80 data. The research results concluded that pressure had an effect on fraudulent financial statements, while opportunity, rationalization, ability and arrogance had no effect. The moderating variable company age cannot weaken the influence of pressure, opportunity, rationalization, ability and arrogance on fraudulent financial statements. Meanwhile, simultaneously it shows that the variables as a whole have an influence on fraudulent financial statements.

ФІНАНСОВА СТІЙКІСТЬ ПІДПРИЄМСТВА: ЕТАПИ КАТЕГОРИЗАЦІЇ ПОНЯТТЯ У ВІТЧИЗНЯНІЙ НАУЦІ

This article examines the concept of financial stability of the enterprise and the stages of its categorization in Ukrainian science. We reviewed different approaches to defining this concept in different fields and historical periods, and also discussed the development of approaches over time. Thanks to the analysis of various studies and views of scientists, the article offers a generalized definition of the financial stability of the enterprise, which reflects its level of financial independence and ability to withstand the negative effects of external factors.

Nonstandard employment and support for older parents in urban China

The recent rise of nonstandard employment worldwide has significant implications for intergenerational transfers but has been neglected in existing research on the relationships between adult children's employment experiences and parental support. Utilizing data from the urban sample of the China Family Panel Studies (CFPS), we examine how nonstandard employment is related to adult children's money (financial) and time (instrumental and emotional) support for parents. Our analyses among four groups of adult children reveal complex patterns in the nonstandard employment–parental support relationship by children's gender, coresidence status, and educational attainment. Results suggest nonstandard employment primarily undermines the financial ability to support parents among non-coresident daughters, but nonstandard jobs have little to do with daughters’ time caring for parents regardless of their coresident status. Meanwhile, nonstandard employment appears to be weakly related to help for parents in the short term among all adult sons. Disadvantages associated with nonstandard employment in upstream parental support, such as a “less money, less time” situation, are concentrated among less-educated adult children (mainly daughters) who live apart from their parents.

Mosque Management Revitalization Through Economic Empowerment of Ummah

This study aims to enhance the role of the mosque's function as a religious institution so that it is not only used for the spiritual welfare of the community but also must be able to prosper economically. This study adopts a qualitative approach with the phenomenology study method and combines analysis techniques of reduction, display, and verification. The object of this research is the Jenderal Sudirman mosque, Surabaya, where the collection of data comes from observation, in-depth interviews, and documentation. The results of the study show that the application of inputs (institutional, leadership, and goals), processes (spiritual formation, personal mental formation, capacity building, and empowerment), outputs (strengthening of character, strengthening of emotional relationships, strengthening of business and strengthening of the economy and outcomes ( spiritual ability and financial ability)) in economic empowerment is still suboptimal. Therefore, mosques need to revitalize their management to collaborate with the government, state or private universities, private institutions or institutions, and the community. Moreover, the mosque should not only be prospered by the ummah; conversely, it can also prosper the ummah.

Deciphering the resource wealth enigma: Unraveling the interplay of institutional quality, economic diversity, and R&D in mitigating the resource curse

The study explores the multipart dynamics of resource wealth, institutional quality, economic diversity, R&D outputs and their interplay with “resources curse” by analyzing data from 2008 to 2019 for 18 G20 member countries. The study discovers that natural resource abundance can be a double-edged sword, potentially restricting R&D operations and offering the financial ability to fund these ventures. It clarifies that the “curse” depends on a wide range of economic, institutional, and sociopolitical conditions rather than an inevitable result. The strength of the institutions and economic diversity stand out as important mitigating factors among these elements. The study emphasizes how crucial institutional stability and openness are to protecting R&D projects from the resource curse's damaging effects. It encourages them to create a varied economic basis that fosters innovation and protects against resource-based vulnerabilities. The study also highlights how green, sustainable R&D activities can promote economic growth and environmental protection. It envisions a balanced growth trajectory in which natural resource riches are deliberately used to build a sustainable, innovation-driven future. The study promotes proactive policy initiatives and global collaboration among G20 economies to turn the resource curse into a driver for innovation and sustainable economic growth. This study provides valuable insights for policymakers, academics, and practitioners by demonstrating the nuanced relationship between natural resource richness and R&D activity in G20 economies. It adds to the conversation about sustainable economic development by challenging the international community to reconsider the myth of resource plenty and how it affects creativity.

Management, Anatomical and Functional Outcomes of Malleolar Fractures at the District Teaching Hospital of Oueme-Plateau in Benin (DTH-OP)

Introduction: Malleolar fractures are commonly treated in orthopedic traumatology. The purpose of this study was to describe the management and evaluate the anatomical and functional outcomes of these fractures. Patients and Methods: In this study, 106 patients were treated for malleolar fractures. The mean age was 41.8 years, with 70 men (66%) and 36 women (34%). Therapeutic methods were either orthopaedic (n=57; 54%) or surgical (n=49;46%). The initial anatomical results were evaluated according to Lecestre et Ramadier, criteria and the functional results were assessed using the AOFAS score. Results: Anatomical reduction was performed on 65 (61.3%) patients, of whom 28 (26.4%) were treated orthopedically and 37 (34.9%) underwent osteosynthesis. At the last follow-up, of the 79 patients (74.5%) reviewed, 41 (51.9%) had excellent functional results and 17 had good results. Conclusion: At DTH-OP, malleolar fractures are relatively common. The treatment is either orthopedic or surgical depending on the type of fracture and the patient's financial ability to bear the costs.

Identification of Factors of Low Grades and Academic Failure of Medical Students

Background: Students are human capital and future of all countries, several factors affect students’ academic status leading to academic burnout and possibly academic failure, academic failure can delay finding a job and lead to frustration, loss of morale, and ultimately result in a large cost. Several factors may lead to academic failure, such as age, gender, scientific background, motivation and interest in the field, marital status, occupation status, place of residence, parental employment and education level, financial ability and others. Academic failure of students is not a personal problem, but rather a social issue; therefore, fundamental steps must be taken toward addressing the issue. Aim: The aim of study to Determine academic failure and related factors among medical students of Tikrit university college of medicine. Subject and methods: The current study is cross section study type was carried out in medical students from 21th of November 2022 to the 5th of March 2023.The study design was by convenient sampling, from medical students .The Exclusion criteria of participants was all students with a good academic level, while all other students were included in the study.The data was collected using Google form Questinaire. Results: The total samples of study was (202), the bad time management is the most factors affecting on students with low grades (93%), work while studying (49%), family responsibility (25%), Psychological problems (10.4%), pathological problems (6%), Low economic state (5.4%). the students with second trial had highest bad time management (35.4%), work while studying (25.8%). The poor teaching quality is the highest percentage (50%) of evaluation, moderate (32%), good (14%), (4%) excellent. the students satisfaction with effective teaching methods is moderate (44%), poor (36%), good (17%) and excellent (3%). Conclusions: The bad time management is the most factors affecting on students with low grades.

Oncologic drug repository programs in the United States: a review and comparison.

As cancer affects 40% of all Americans during their lifetime, the financial burden of cancer care represents a significant contribution towards the overall cost of health care in the United States. Cancer drug repository programs offer a unique solution for patients who have limited financial ability to access medications while reducing medical waste. We reviewed all state legislation in the United States regarding cancer drug repository programs. Five states have oral anticancer drug (OACD)-specific drug repository programs, while 28 states have generalized drug repository programs. Iowa's statewide, mail-order OACD repository program is the preeminent example of an effective and efficient program, which should be replicated across the country. Many states have passed legislation allowing for drug repository programs but have struggled to translate such legislation into active programs due to lack of funding and management. We offer recommendations across policy, manufacturing, institutional, health care professional, and patient domains in order provide optimal patient care.

Research on the Optimization of Enterprise Financial Management under the Financial Sharing Model

With the advancement of globalization and information technology, the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management. Particularly within the context of economic globalization, informatization, and digital transformation, enterprises find themselves navigating a rapidly evolving market environment by intensifying competition. To enhance efficiency and competitiveness, many enterprises have embraced the financial sharing model to streamline financial management processes, curtail costs, and bolster the execution of corporate strategies. This article aims to dissect the definition and essence of the financial sharing model and its significance in the realm of enterprise financial management. Drawing upon this analysis and aligning with the needs of enterprise financial management, the article proposes ideas for optimizing management practices, aspiring to foster reform and innovation in enterprise financial management while enhancing its level of financial management and ability to respond to financial risks. This contribution seeks to provide valuable insights for practitioners in the field.

Policy Analysis of City Gas Network in Indonesia Using The CIPP Approach

The provision of environmentally friendly, cheap and safe energy for citizens by taking into account the mix of national energy use by considering the country's financial ability to provide subsidies is a policy that must be carried out by the Government. In this case, the Government of Indonesia itself has taken the initiative to save subsidies through the conversion of kerosene to the use of LPG which is safer for the community. However, the high LPG subsidy because it still relies on imports for its fulfillment also ultimately raises other problems. Starting in 2009, the Government continued to take initiatives to overcome this by continuing existing policies by building Household Gas Networks to optimize the potential of natural gas that is widely available in Indonesia and to reduce dependence on the use of LPG, especially in the household consumer sector and small customers. This policy is even included in one of the National Strategic Projects through Presidential Decree No. 18 of 2020 where this is also contained in the Medium-Term Development Plan (RJPMN) which targets the construction of 4.7 million household connections by the end of 2024, but in fact until 2022 only around 871,000 connections have been realized. This study conducts an analysis of policy evaluation of Jargas Development through the CIPP (Context, Input, Process &; Product) approach to get a comprehensive picture of the policy process that occurs. From the results of the study, it was found that there are still things that need to be improved to ensure that this policy can better achieve the expected targets, both in terms of planning to policy implementation that involves many parties in it and also recommendations for implementation in the future

Investigating the Impact of Socio-Economic Factors on Availability and the Affordability of Cancer Patients to Pay for Prescribed Medicines

Background: Cancer is always one of the major causes of death among patients, and providing affordable and effective medicines that are accessible to patients is one of the most important goals of health systems. Therefore, this study aimed to identify the key factors affecting the availability of medicines and the cancer patients’ affordability in pharmacies in Khorramabad, Iran. Materials and Methods: This is cross-sectional descriptive-analytic study in 2022, In this study, pharmacies were considered as clusters, and then 96 prescriptions of cancer patients visiting pharmacies in the urban areas of Khorramabad were simple randomly selected for examination., data analysis was performed using SPSS software (version 21). Results: The results of this study showed that more than half of the patients were reasonably satisfied with the availability of their prescribed medications in pharmacies. However, due to their income and economic situation, they were unable to afford the cost of medications. The most important socio-economic factor affecting access and financial ability to pay for prescribed medicines was the individuals’ level of income. However, in groups with relatively high incomes, the financial ability to pay for prescribed medicines was relatively low. Conclusion: Since income is a significant factor in the financial ability to pay for cancer medicines, to enhance the productivity of health policies, health policymakers should allocate the necessary subsidies to medicines or increase insurance coverage for these medicines.