Financial Business Research Articles

The Influence of Firm Characteristics and Macroeconomic Factors on Financial Performance: Evidence from the Portuguese Hotel Industry

This study examines the determinants of the financial performance of the Portuguese hotel industry. Despite the economic relevance of the hotel industry and financial performance as an indicator of business survival, academic research on the factors that influence it in the context of this industry, particularly in Portugal, is not extensive. This study encompassed a sample of 738 hotel companies from 2016 to 2021, using data from the Orbis database. This research was based on the assumption that a company’s size, liquidity, the tangibility of its assets, and debt level influence financial performance in the hotel industry, as well as the assumption that gross domestic product and consumer sentiment also affect the business success of hotel companies. By applying a panel data methodology, the findings indicate that all variables showed significant influence on financial performance, except liquidity. The analysis also reveals that smaller companies were more negatively affected by the demand decline induced by the COVID-19 pandemic. To improve the financial performance of the Portuguese hotel industry, the findings suggest that policymakers must work towards ensuring diversified sources of financing for the hotel business, such as investment subsidies, so that companies can minimize debt, especially during periods of slow economic growth. Additionally, companies must promote management strategies that enhance self-financing. Both measures could help companies increase their size, taking advantage of good business opportunities to explore economies of scale.

Beyond the counter: unveiling the financial informality dynamics of female entrepreneurs in Lima’s Bodega sector

PurposeThis study examines the interrelations among educational level, financial literacy, financial inclusion and informal financial business practices of female entrepreneurs in Lima, Peru, focusing on their intentions toward business formalization. Additionally, it explores the influence of legal formalization on both business formality and tendencies toward informality intentions.Design/methodology/approachThe methodology involved a self-administered survey among 118 female entrepreneurs in the small vendor “Bodega” sector, with statistical analysis conducted via partial least structural equation modeling.FindingsThe study’s outcomes validated the significant role of financial literacy and inclusion as mediators between educational level and formalization intentions. Notably, legal formalization did not significantly alter these dynamics.Research limitations/implicationsLimitations arise from the study’s explanatory power and lack of predictive capability for all dependent variables, likely due to sample specificity. Additionally, the quantitative research approach does not allow for a deeper understanding of these phenomena.Practical implicationsWe advocate reevaluating prevailing attitudes toward legal formality and informal practices, emphasizing tailored public policies for older female entrepreneurs and access to formal financing independent of legal registration. This underscores the need for enhanced educational levels for young women and coordinated efforts among institutional actors to more effectively promote formality.Originality/valueThis research contributes original insights into the emphasis on informal practices over mere legal registration, especially pertinent to female entrepreneurship. It also highlights the counterintuitive significant inverse relationship between age and formalization intentions, enriching the discourse on entrepreneurial motivation.

Business Strategy and Finance research of Honda Motor Company, Ltd

This article presents a comprehensive analysis of Honda Motor Company, Ltd, examining its business segments, financial performance, and strategic positioning to identify key areas for improvement. It highlights the automobile segment as the main revenue driver and employs Porter's Five Forces and the 9Ms model to assess Honda's competitive strengths and resources. The article also categorizes stakeholders using the Mendelow matrix and explores strategic options with Ansoff's matrix and the Boston Consulting Group model. A financial comparison with Toyota from 2018 to 2020 reveals areas where Honda's profitability and liquidity could be enhanced. The article concludes with recommendations to reduce operational costs, optimize asset investments, improve inventory turnover, extend payable terms, mitigate losses in the power products segment, and increase investment in new power vehicles, all while emphasizing corporate social responsibility. Despite existing weaknesses, the article confirms Honda's strategic direction and competitive strength in the global automotive market.

PERSONAL FINANCIAL PLANNING AND BUSINESS FINANCE IN UMKM IN ARA VILLAGE, BULUKUMBA REGENCY

In an increasingly competitive economy, efficient financial management is the key to success for both individuals and businesses. Good financial planning is not only important for individuals in managing personal finances but also crucial for business continuity, especially for Micro, Small and Medium Enterprises (MSMEs). In 2023, it is estimated that the Indonesian economy will strengthen thanks to the significant contribution of MSME growth, MSMEs play a vital role as the main driver of the Indonesian economy, considering that 99% of businesses in this country are MSMEs. PKM uni aims to increase knowledge about personal finance and business finance. The method used in producing the focus of PKM objectives is Service Learning (SL), where through this approach business groups are invited to not only understand the theory of using science and technology in their business activities theoretically, but also to apply this knowledge practically. The results obtained are Based on the survey conducted, there was a positive response from the participants in the community service activities which was seen from the average of the three aspects in the survey results which were classified as very high above four. There were no significant obstacles during the process of implementing community service activities, due to good cooperation from partners and a high intention to learn from the training participants.

Show Her the Money

Female-founded businesses struggle to attract private investment but seem to attract more within the sport industry. The purpose of this exploratory study was to examine this discrepancy and determine what factors contribute to private funding of female-owned sport businesses. This study examined 440 female-founded sport-related businesses with a founding date between 2010-2020 from the Crunchbase database. There was $2.21 billion invested into 207 female-founded sport companies during the identified period. Using multiple logistic regression and signaling theory, results of the study suggest that female founders in sport should focus capital acquisition efforts on revenue-generating business models and successfully pitching investors, as this leads to greater funding. Social network analysis indicates that the investing environment for female sport businesses is loosely connected with a potential role for start-up accelerators. This study helps to further understand the investment environment surrounding women-owned businesses in sport.

Sinergi Akuntansi dan Agroteknologi: Pemberdayaan UMKM Ibu Rumah Tangga

Housewives managing Micro, Small, and Medium Enterprises (MSMEs) in the agricultural sector and agricultural processed products often face challenges in running their businesses, particularly in financial record-keeping and productivity enhancement. Mastery of appropriate accounting technology can help them manage business finances efficiently, while the application of agrotechnology can improve the quality and quantity of production output (Supriyadi, 2020). This community service program aims to integrate accounting technology and agrotechnology for MSMEs managed by housewives in Bintaro Village, South Ampenan District, Mataram City. The methods used in this program include training in financial record-keeping through a simple accounting application and the application of easy-to-adopt agricultural technology suited to local potential. The results of this program show an increase in participants' understanding of managing business finances, as well as improvements in efficiency and productivity in agricultural outputs and processed products. The integration of accounting and agrotechnology is expected to help housewives develop their businesses more independently and sustainably, thereby making a significant contribution to the well-being of their families and surrounding communities.

Manajemen Risiko Bisnis BMT di Tengah Pandemi COVID-19

The economic contraction in the MSME (Micro Small and Medium Enterprises) sector during the Covid pandemic directly impacted financial business performance. On a micro scale, BMT (Baitul Maal wat Tamwil) as a sharia microfinance institution is affected by the weakening of economic activity in the MSME sector. This is understandable because in its activities, BMT makes MSMEs its business partners. From a business aspect, the impact experienced by BMT is the emergence of various risks; increasing problematic financing, liquidity and operational risks. The results of this qualitative research show that; Firstly, business risks that arise at BMT NU Jawa timur Balung Branch and BMT UGT Nusantara Rambipuji Jember include financing risk, operational risk and liquidity risk. Financing risk is characterized by a high number of problematic financing. Meanwhile, operational risks are characterized by restrictions on access to the office, physical distancing, and increased operational costs. Meanwhile, liquidity risk is characterized by an abundance of funds in cash. Second, risk management at BMT NU Jatim Balung Branch and BMT UGT Nusantara Rambipuji Jember is carried out sequentially starting from risk identification, measurement, analysis and control activities. Based on this process, tactical steps are then developed to handle each aspect of risk. Financing risks include financing moratorium steps, intensive collection, restructuring and creating reserves for losses. Operational risks are approached by the issuance of new rules regarding office operating systems and rules related to the implementation of Health procedures.

LITERASI KEUANGAN BAGI KUBE (KELOMPOK USAHA BERSAMA) GANTARI JAYA DI KOTA DENPASAR

This community service aims to provide financial management knowledge to business actors who are members of the Ganatri Jaya Joint Business Group (KUBE) which is facilitated by Graha Nawasena Rumah Harapan Disabled Denpasar City. The separation of personal finances and business finances is still widely mixed in their use and recording. In fact, separating personal finances from business as a form of financial management is very important to support business continuity. Financial literacy is a very important thing to provide to business actors so that they can manage their business finances well. Financial management is the key to someone's success in running their business. Remembering the importance of recording and managing finances to distinguish business assets from personal assets. The result of this service activity is that business actors become more aware of financial management in increasing income and maintaining business continuity

The Influence of Business Support Services on Digital Entrepreneurs’ Performance: A case of University of Dar es Salaam ICT Innovation Hub, Tanzania

This paper examined the influence of business support services provided by incubators on the performance of digital entrepreneurs in Tanzania, with a specific focus on the University of Dar es Salaam ICT Incubator (UDICTI). The Open Innovation theoretical framework guided this study. The descriptive survey design was deployed through mixed research approaches to collect both quantitative and qualitative data. A sample of 42 active incubatees was selected from a population of 53 incubatees at University of Da es Salaam Innovation Hub through simple random probability technique. The five Likert scale questionnaire was designed for the collection of quantitative data while the semi-structured interview was utilized for the collection of qualitative data for triangulation purpose. Furthermore, data were analyzed using multiple regression method and content analysis method. Findings indicate that business services including business development assistance, marketing assistance, mentoring and funding positively and significantly contribute to the performance of digital entrepreneurs. The findings of the study highlight the critical role of business support services in enhancing the performance of digital entrepreneurs, particularly within the context of the University of Dar es Salaam ICT Innovation Hub. These insights are significant for fostering innovation and economic growth, not only within Tanzania but also in similar developing regions. The research concluded that constructive role of business support services namely business development assistance, marketing assistance, mentoring and funding positively influence growth of digital incubates. The implications of this research can guide policymakers and stakeholders in creating supportive ecosystems that empower digital entrepreneurs. It is recommended that the hub should allocate sufficient and continuous funding to support digital incubators and strengthen its monitoring efforts for existing incubates.

Information Technology Support and Accounting Digitalization on Business Development Potential with Knowledge Management as an Intervening Variable in Micro, Small and Medium Enterprises in Deli Serdang Regency

There are still relatively many MSMEs in the Deli Serdang district area that have not used technology as a medium to assist in increasing their business where in this day and age technology plays a very important role in increasing sales to the international scope. The Deli Serdang district government, which cares about increasing MSMEs, makes socialization for business actors within the Cooperative and SMEs Office to be given training in the use of business digitalization in order to provide an understanding that digitalization is the right way in this day and age to manage businesses both in production, marketing, finance and management. This research will be conducted in the Deli Serdang district with a population of MSMEs that already have NIB of 570 businesses with a sampling method using the Slovin formula with an error rate of 5%, so that a research sample of 235 can be found. Directly the information technology support variable has a significant effect on kenowlodge management. Directly the information technology support variable has a significant effect on the business development potential of the business, directly the accounting digitalization variable has a significant effect on kenowlodge management, directly the accounting digitalization variable has a significant effect on business development potential, directly the knowledge management variable has a significant effect on business development potential, indirectly the Knowledge Management variable has a significant role in mediating Information Technology support on Business Development Potential, indirectly knowledge management does not have a significant role in mediating accounting digitalization support on Business Development Potential

Access to finance and its impact on operational efficiency of MSMEs: mediating role of entrepreneurial personality and self-efficacy

PurposeThe present study aims to investigate the factors of loan access that affect entrepreneurial self-efficacy (ESE) and operating efficiency of Indian Micro, Small and Medium Enterprises (MSMEs). Furthermore, the study intended to investigate the influence of ESE on the operating efficiency of Indian MSMEs and its mediating role.Design/methodology/approachIn this study, exploratory research design is used. The study heavily relies on the primary data which has been collected by using the survey research method from a cross-section of 617 women-owned MSMEs, located in urban, rural, suburban and exurban areas of Haryana, Uttarakhand, Himachal Pradesh and NCR-Delhi. The partial least square structural equation modeling method version 3.3.3 has been used to evaluate.FindingsIn terms of the selected factors affecting access to finance, it has been established that the Loan Formalities, Banking Process, Loan Process, Staff Responsiveness and Incentive Scheme have a positive and significant influence in enhancing accessibility to finance and improving the self-efficacy and operating performance of firms. The findings also show that ESE mediates the relationship between various factors of loan access and the operating efficiency of MSMEs.Research limitations/implicationsThe study’s findings show that entrepreneurial capacity is significantly and favorably impacted by attitudes toward entrepreneurship, ESE, perceived access to findings and business operations. It has also been demonstrated that entrepreneurial intentions are strongly and favorably influenced by entrepreneurial ability to access commercial bank financing for small businesses and the impact of the same on the women-owned MSMEs in India. It also revealed unfavorable loan terms, limited collateral, fear of repaying of loan and intricate loan application were among the many reasons for loan denial.Originality/valueThe study offers a comprehensive approach that simultaneously considers financial accessibility and ESE. This all-encompassing method offers a thorough grasp of the variables affecting MSMEs' operational efficiency (OE). In contrast to earlier research that might have concentrated only on direct relationships, this study explores the mediating mechanisms involved. This study examines how ESE modulates the influence of financing availability on OE, providing a comprehensive understanding of the underlying mechanisms. By taking into account particular MSME sector characteristics like size, industry or regional variations, the study may provide a unique contextual lens. Understanding how these contextual factors interact with entrepreneurial attributes and access to finance adds depth to the analysis.

Perceptions And Interests Of Young Entrepreneurs In Sharia-Based Business Finance

This study analyses the perception and interest of young entrepreneurs in Sharia-based business financing at BSI in Sungai Penuh City, Jambi. This study uses a qualitative approach with primary data from interviews. Interviews were conducted directly with six informants. The data analysis technique uses the Miles and Huberman approach with the following stages: data reduction, data presentation, verification, and conclusion. The results of the study indicate that the perception of young entrepreneurs towards Sharia-based loans is generally very positive; they understand the basic principles of Sharia in financing without interest and the application of profit sharing. Young entrepreneurs also recognize the benefits of sharia financing, such as easy access and simple procedures. On the other hand, the interest of young entrepreneurs in Sharia financing is still relatively low. This is due to the need for more socialization and support from Sharia financial institutions and limited financing options. Theoretically, this study can be used as a reference for relevant research in the future. Practically, this study can be a reference for Sharia financial institutions in designing marketing strategies and developing financing products that meet prospective customers' needs so that they can have a positive impact and increase interest and awareness of the importance of Sharia financing among young entrepreneurs.

A GOVERNANÇA CORPORATIVA E SUAS CONTRIBUIÇÕES PARA AS FINANÇAS EMPRESARIAIS: A IMPORTÂNCIA DA GOVERNANÇA CORPORATIVA E DO CHIEF FINANCIAL OFFICER (CFO) PARA AS FINANÇAS EMPRESARIAIS

This article introduce a study about the diferents teories of Corporate Governance, Business Finance Management and Administration and the boss role of Chief Financial Officer (CFO) in strategic processes that contribute to financial resourse planning in organizations. It was a literature review of qualitative way, with the objective of identify the principals concepts about the subject of course taken and its applicability to proposed work. The study provided a conceptual analysis about Global Finance, allowing to identify the tools and metods used and it practical applicability to projects that envolve investment analysis and return to companies. Report about the principals responsabilities of financial manager and administrator represented for Chief Financial Officer (CFO), and his collaboration in strategic plan of organizations. The search it was made of exploratory form provided to get importants results that evidence generated changes in finance area through of Corporate Governance.

Study on Predictive Modeling for Loan Approval

In the financial business, authorizing a loan is a critical decision-making step that often necessitates a human review of applicants' financial information and credit history. However, as massive datasets become more readily available and computing technology advances, machine learning approaches will become more powerful tools for improving the precision and effectiveness of loan approval processes. This study investigates the use of machine learning techniques combined with predictive modeling to automate and optimize loan approval processes. Multiple algorithms analyze crucial features such as job status, credit score, income, and loan amount to determine if a loan will be accepted or rejected. These approaches include logistic regression, decision trees, random forests, and neural networks. The goal of the research is to create an automated loan approval system.

The influence mechanism of internet finance on residents’ online consumption

This study investigates the impact of Internet finance (IF)11Internet finance (IF): Traditional financial institutions and Internet enterprises use Internet technology and information communication technology to realize the new financial business model of financial financing, payment, investment and information intermediary services.on residents’ online consumption using annual data from 2013 to 2022 in China. To examine the impact of IF on overall consumption, survival, development, and enjoyment, four vector autoregressive models are constructed. This study employs comprehensive methods, including parameter estimation, impulse response function analysis, and variance decomposition. Findings reveal that the development of IF has significantly stimulated residents’ online consumption, with the increase in developmental expenditure being the most significant, followed by the increase in entertainment expenditure.

The Role of Financial Literacy and Spiritual Intelligence in The Financial Management of Mompreneurs Culinary MSMEs in Galang District

The purpose of this study was to examine the role of financial literacy and spiritual intelligence on the financial management of mothers' culinary MSME players in Galang District. This research is a quantitative study with a population of 57 MSME players in the culinary sector in Galang District. Data was collected using a questionnaire given to 57 respondents. The analysis technique of this research is the research method is a descriptive approach using the SEM PLS analysis technique using SMARTPLS 4 software. The results of the study (1) financial literacy as a positive and significant effect on financial management, (2) spiritual intelligence has a positive but insignificant effect on financial management. The soaring prices of basic necessities urge women with the status of housewives to trade small to sustain the family economy. For this reason, in running their business, mothers must also understand the importance of financial literacy and spiritual intelligence in managing their business finances.

Inclusive finance and sustainability: The dynamic spillover effects of uncertainties on access to credit

A firm's access to domestic credit is crucial in inclusive finance for businesses, particularly small and medium-sized enterprises, to invest and grow. Sustainable and inclusive economic growth requires a healthy private sector with access to financial resources. This paper explores how uncertainty from major economies (measured by Uncertainty Spillover indices) can limit domestic credit availability in the private sector. Analysing a panel dataset encompassing 100 developed and developing economies from 1996 to 2019, the research reveals that uncertainties stemming from China and the United States significantly reduce the availability of domestic financial resources. Uncertainties surrounding other G7 economies (Canada, France, Germany, Italy, Japan, and the United Kingdom) also exhibit a negative association; however, their effects are statistically insignificant. The robustness of these findings is confirmed across various empirical models and income classifications. Possible implications for inclusive finance and sustainable economic growth are also discussed.

MAIN DIRECTIONS OF BANK LOANS IN CREDIT MARKET

Financial analysis in credit market and commercial banks, which have been an important factor of economy and human life and activity currently, study of financial-economic results of activity of a bank, determination of main directions of development of the bank and main factors of financial business processes, determination of purpose-oriented special knowledge and growth rates, etc. Different economic sources, internet materials have been applied as a theoretical and methodological basis. As systematization of loans in bank lending system is a theme of the research, methods such as analysis, induction and deduction have been used. Main scientific innovation that has been put forward: In this field, one of the most important issues is, certainly, organization of organization system of information issues, which have the most significant role in determining and implementation of successful demand and supply of bank loans in credit market and main directions of bank loans in credit market. Results of the research: Finding perspective improvement ways of commercial banks Development of credit system, directly improved by banks, significantly positively effects progress of country economy Information tools and technology play the most important role in improving credit market now.

Risk Attitudes and Sources of Finance: Evidence from Non-Farm Household Enterprises in Ghana

ABSTRACT Several theories in economics and finance suggest that risk attitudes play a vital role in economic choices, including being an entrepreneur and the choice of finance for businesses. However, there are limited empirical tests of these theories in the African context, where majority of firms are small and medium-scale enterprises. Using the 7th round of the Ghana Living Standards Survey (GLSS 7), this study estimates the effect of risk attitudes on the decision to own a household enterprise and the choice of finance by owners of household enterprises. The study finds no significant impact of risk aversion on household enterprise ownership. We find risk aversion to significantly influence the use of self-financing as start-up capital; however, after controlling for access to finance, this effect reduces. We also did not find a significant relationship between risk aversion and the use of loan financing as working capital. The findings from this study shed light on the risk management strategy of household enterprise owners and suggest that access to finance is an important determinant of sources of financing. Hence, to spur growth of these critical household enterprises, the essential role of access to finance should be addressed by policymakers.

Research on Innovation Mechanism and Realization Path of Carbon Finance under the Goal of “Double Carbon”

On a global scale, climate change has become a serious problem that cannot be ignored. Carbon finance, as a key means to deal with climate change and promote sustainable development, is gradually receiving attention from the international community. The innovation of financial technology (Fintech) has injected new vitality into traditional financial business, and also brought new opportunities and challenges to the development of carbon finance. Starting from the basic concept of carbon finance, this paper reviews the current development status of carbon finance, analyzes the promotion role of financial technology to the development of carbon finance, and on this basis, looks forward to the future development path of the combination of financial technology and carbon finance.