Financial Business Research Articles

Historical Portrait of the Yakut Merchant of the 1st Guild N. D. Everstov

The article is devoted to the study of the economic and social-educational activities of the Yakut merchant of the 1st guild N. D. Everstov. The main purpose of the publication is to reconstruct the historical portrait of N. D. Everstov. The article used the methodology of the civilizational approach formulated by A. Toynbee. The topic has theoretical and applied relevance. The author determined the origin of N. D. Everstov and the original sources of capital accumulation. In 1894, Everstov was the first Yakut to become a merchant of the 1st guild. In 1900, the trading house “N. D. Everstov” was founded in Yakutsk. In 1901, Everstov was awarded the title of commerce advisor and honorary citizen. The article reveals that Everstov organized a wholesale fur trade and an extensive network of agents in the 1860–1870s, entered the fairs of Irbit and Nizhny Novgorod, and had an annual turnover of 200–800 thousand rubles. In 1867–1878 at auctions in Leipzig they sold more than 50 lots of furs, with a total value of 865 thousand rubles. Dynamics of trade with China in 1865–1878 amounted to 50–100 thousand rubles annually, average profit 700 thousand rubles. N. D. Everstov laid the foundations for bill lending to entrepreneurs in North-Eastern Siberia. In 1860–1879, the lending rate was 12–13 % per annum, the total amount of loans was more than 145 thousand rubles. In 1910–1911, the merchant organized a bank with an authorized capital of 50 thousand rubles. A social and educational activity of N. D. Everstov was expressed in the financing of educational institutions, churches, missionary societies of Yakutsk. In 1915, the state of N. D. Everstov was estimated at 1 million rubles. Everstov’s sons continued their father’s trading and financial activities but were unable to create a large enterprise. The Yakut merchant laid the foundations for conducting trade and financial business with large capital in North-Eastern Siberia, organized the wholesale supply of consumer goods to the population of the region through the ports of the Sea of Okhotsk, and formed the trade and transport infrastructure of the macro-region.

탈중앙화 금융(Decentralized Finance) 비즈니스 모델

탈중앙화 금융(Decentralized Finance) 비즈니스 모델

Literasi Memulai Usaha Baru Dan Pengelolaan Keuangan Sederhana Bagi Usaha Kecil Di Kelurahan Jakasampurna Bekasi

Small businesses play an important role in driving the local economy, creating jobs and supporting inclusive economic growth. Many small businesses are run by the community, but most business actors are still confused about starting a new business and do not have adequate knowledge and skills in managing their business finances. This service activity was carried out with the aim of providing literacy in starting a new business and simple financial management for small businesses in Jakasampurna Bekasi Village. This activity was carried out on 11 and 21 August 2023 at Jakasampurna Bekasi Village and was carried out in two stages, namely delivery of material and evaluation. Participants in this activity were 20 mothers who were members of the Family Welfare Empowerment (PKK). The final result of this activity was an increase in participants' understanding of the material presented, this was proven through the results of the pre-test and post-test which before taking part in the literacy activity the level of participants' understanding was 50-80% and after taking part in literacy the level of understanding of the participants increased to 80-100 %, and there was a participant satisfaction level of 91% who said they were very satisfied. The very high level of participant satisfaction, namely 91%, shows that this activity has fulfilled the participants' expectations in starting a new business and simple financial management.

Research on the Impact Effect of Digital Finance on the Development of Low Carbon Economy

The report of the 20th Party Congress pointed out that “promoting the greening and low-carbonization of economic and social development is the key link to achieve high-quality development”, and steadily promoting carbon peak and carbon neutral work is the proper meaning of promoting the development of low-carbon economy. Digital finance, as a fusion of digital technology and financial business, can form a long-term mechanism of governance of pollution, so the study of the impact of digital finance on the development of China's low-carbon economy has certain theoretical value and practical significance. Based on the panel dataset of 30 provinces from 2011 to 2021, this paper constructs a benchmark regression model and a mediation effect model to analyze the impact effect of digital finance on the development of low-carbon economy, and based on the theoretical analysis and the empirical results, it provides referable policy suggestions for promoting the development of low-carbon economy.

Business Network Analysis of Gurilem Crackers MSMEs In Cililin Sub-District, West Bandung Regency

In order to mitigate the elevated unemployment rate in Indonesia, the community must investigate other business prospects, such as small and medium-sized enterprises (SMEs), exemplified by Gurilem Crackers. Gurilem Crackers, a small and medium-sized enterprise (SME), possesses a robust and established infrastructure encompassing business networks, production methods, marketing strategies, and financial resources. These elements contribute to the improvement of firm productivity and market competitiveness. The data gathering method employed is descriptive qualitative, including interviews and observations. This study examines the business network, production processes, marketing tactics, and finances of Gurilem Crackers SME, which Mang Teten owns in the Bongas hamlet. The research findings suggest that Mang Teten's company utilizes business networking by collaborating with Gurilem cracker suppliers, employs essential production tools, relies exclusively on word of mouth for Gurilem Cracker marketing, and achieves a monthly profit of Rp—1,236,000.00 with a profit margin of 8.9%.

Impact of microcredit on the short-term finances of microentrepreneurs

PurposeThe study focused on the impact of microcredit on the short-term finances of microentrepreneurs at the Galerías Shopping Center in San Juan de Pasto, Colombia, from 2019 to 2023.Design/methodology/approachThe design of the paper is empirical-analytical, focusing on the tangible and unique aspects of reality that can be fragmented for measurement. This approach privileges the use of data from the study population’s experience, which is treated analytically through statistics to establish frequencies and correlations between variables. The research involved a structured questionnaire based on bibliographic references and considering the operational framework of the variables, which underwent expert review, necessary adjustments, a pilot test and subsequent validation in 2019 and 2023. The reliability of the instrument was assessed using Cronbach’s alpha, ensuring a reliable indicator when equal to or greater than 0.7 in each analysis period. This methodology aimed to identify practices and how the financial profile influences short term.FindingsThe findings from the survey conducted with the microentrepreneurs at Galerías Shopping Center reveal several significant connections to the theoretical framework. The study revealed that many microentrepreneurs relied on their personal funds for business financing, indicating a limited understanding of financial principles. Additionally, a significant portion of microentrepreneurs mitigated investment risk by securing loans from financial institutions, yet none utilized government subsidies like entrepreneurship loans, pointing to a lack of advice. The findings underscore the importance of financial education and suitable financial services for business development.Research limitations/implicationsOne limitation of this study is the lack of detailed data on the financial structure of microentrepreneurs' businesses, as well as specific information on interest rates and the terms and conditions of the microcredit used. These limitations may affect the generalization of the results and the comprehensive understanding of the impact of microcredit on the short-term finances of microentrepreneurs. Future research could include a larger sample size and more accurate data on the financial structure of businesses, as well as a detailed investigation of interest rates and terms and conditions of microcredit, to provide a more comprehensive understanding of the financial impacts for microentrepreneurs.Practical implicationsThe findings of this study have practical implications for microentrepreneurs in the Galerías Shopping Center. The research emphasizes the need for improved financial knowledge, accounting practices and debt management among microentrepreneurs. It also highlights the importance of financial education and access to suitable financial services for business development. The study’s insights can guide the development of training programs and initiatives aimed at enhancing financial literacy and financial management among microentrepreneurs, leading to more informed decision-making and improved financial outcomes.Social implicationsFrom a social perspective, this research contributes to promoting economic development and financial inclusion. By addressing the mismanagement of microcredit by microentrepreneurs and providing insights into their short-term finances, the study aims to foster economic empowerment and sustainable development within communities. The findings underscore the significance of microfinance in driving economic growth, reducing poverty and promoting social inclusion. The research emphasizes the importance of equitable access to financial services, which can contribute to narrowing the gap between the financially excluded population and the conventional financial system.Originality/valueThis research adds originality and value to the academic community by addressing the incidence of microcredit on the short-term finances of microentrepreneurs in the specific context of the Galerías Shopping Center in San Juan de Pasto, Colombia. By characterizing the financial profile of microentrepreneurs, establishing the relationship between microcredit characteristics and the financial profile and proposing an action plan, the study provides valuable insights for decision-making in both the academic and microfinance fields. The research contributes to the existing literature on microfinance and financial inclusion, offering a unique perspective and potential solutions for optimizing the use of microcredit-funded resources by microentrepreneurs.

How Critical was the COVID-19 Pandemic? Exploring The Effects on Small Business Finance

A plethora of obstacles frequently confront small business enterprises. Still, many business owners were caught off guard by the unexpected COVID-19 outbreak. This research is a survey of small businesses in the city of Jos, Nigeria. The objective is to determine the financial exposure of small businesses to the COVID-19 epidemic. We obtained primary data from respondents using Likert scale questionnaires. Descriptive analysis was used to address the study questions with the data collected. Our findings showed that liquidity was the worst-hit aspect of business finance. This was closely followed by profitability, while debt management was the least impacted of the three domains. The theoretical argument of the study suggests a pragmatic approach to assessing how external environmental factors affect business entities. The authors recommend that business owners should make concerted efforts to get a financial education.

Pertanggungjawaban Hukum Kepada Lender dari Konsep Bisnis Inventory Financing serta Penyelesaian Sengketa

The Inventory Financing business model is starting to develop in the peer-to-peer lending system in Indonesia. The development factor from peer-to-peer lending to Inventory Financing is the existence of collateral that is still controlled by the borrower (debtor). This research examines the legal responsibility of the lender in Inventory Financing, and dispute resolution when one party is negligent in performing its obligations. This article aims to find Inventory Financing arrangements that protect lenders and dispute resolution methods of Inventory Financing. This research uses a normative juridical method (desk research) using secondary data, namely laws and regulations and theories of contract law, development law, and legal protection. The findings in this study are that Inventory Financing is still not regulated, so it has the potential to cause disputes in its implementation. Another finding is that the method of resolving inventory financing disputes can be done through judicial and non-judicial institutions (Alternative Dispute Resolution Institutions). Alternative Dispute Resolution Institutions can be ideal because they can resolve problems quickly, easily, and cheaply.Keywords: Alternative Dispute Resolution Institution, Financial Services Authority, Peer to Peer Lending

Clean energy business expansion and financing availability: The role of government and market

Due to positive externalities, government-led solutions to clean energy financing challenges have become a consensus. However, there is still a lack of micro-level research on the role of government and market in corporate financing anchored in clean energy business. In light of this, we use business data from Chinese listed companies spanning 2007 to 2021 to investigate the causal relationship between their clean energy business expansion and financing. Furthermore, we uncover the heterogeneous impact of government and market in different chain links. Building upon these findings, we propose targeted policy recommendations: (1) While China's unique financing environment has a potential identification effect for driving clean energy business, it is not conducive to non-scale corporate financing. Tailored regional support can enhance access to finance for diverse enterprise types and drive industry innovation. (2) The government has a limited financing effect in the upstream segment, which could be enhanced through optimization of existing green credit policies and consideration of industrial chain relationships during the approval process. (3) Market yields a stronger financing effect than government, offering policy insights for other emerging economies seeking to develop clean energy.

Pasar Modal Dan Pengaruhnya Terhadap Perekonomian Di Indonesia

The capital market is a financial instrument that plays an important role in supporting and disrupting economic progress in a country. This research aims to find out how much influence the capital market has in advancing the economy in Indonesia and what challenges and obstacles are experienced in its implications. The research method used is a qualitative research method using a literature study approach. An overview of several relevant articles from the Sinta indexed journal shows that the capital market is closely related to economic growth in a country. This study clearly states that for a country's economy, the capital market plays a dual role as a means of providing funding for both government and private businesses and a means for investors who wish to invest their capital in a company to gain profits. In conclusion, the capital market is a bridge for society which also contributes to supporting the economy in a country.

МОДЕЛІ БІЗНЕСУ УКРАЇНСЬКИХ ОЩАДНИХ БАНКІВ

In the banking system, savings banks represent a special component, as they form their resource base mainly due to the accumulation of population savings. Problem Statement. Ukrainian savings banks are a factor in ensuring financial stability, but at the same time they are vulnerable to depositors’ panic in conditions of systemic stresses. Therefore, the analysis of their activities is important for understanding the prospects of the banking system. Savings banks in Ukraine differ significantly in scale and level of business technology. Leading savings banks are planned by the state for privatization, so they are designed to improve their investment attractiveness, at the same time, the status of state ownership gives such banks additional advantages in the market. The purpose is a comparative analysis of the business models of savings banks in Ukraine and the behavior of such banks on the market. Methods. The authors used the methods of comparative analysis, logical generalization, analysis and synthesis. Results. In Ukraine, savings banks are divided by origin into two categories ( state and private capital), and by a business model into those, focused on lending to business clients and those with a balanced composition of the loan portfolio. The monopoly of the state bank was broken by the entry of banks with private capital to the market. Savings banks are identified based on the ratio of funds raised by individuals to the total amount of balances on customer accounts. A blueprint of two business models for the savings bank segment was built, the structure of assets and liabilities, the development of the branch network and market positions in terms of deposits were compared. The analysis of the efficiency of a sample of savings banks was carried out and compared with the indicators of the banking system (profitability, return on operating expenses, profitability of the loan portfolio, cost of funds of individuals, the branching of branch network), as well as the impact of the business model on the investment attractiveness of banks was assessed, the volumes of savings and allocation of funds in loans to individuals were compared. Conclusions. The research made it possible to identify a specific group of banks with heterogeneous business models: firstly, banks that use public funds mainly to finance business clients, secondly, banks that have a relatively balanced credit portfolio for individuals and legal entities. The segment of Ukrainian savings banks is clearly dominated by two large state-owned banks, and given the state of war and citizens' trust in the state itself, there is no reason to expect a change in leaders. Digitization of products and processes will allow savings banks to compensate for the reduction of the branch network, but other banks also take advantage of this opportunity. and return on investment in technological innovation projects will bring effect in the medium term. To a large extent, the amount of savings accumulated by banks depends on two factors - customer trust and assessment of service quality. Savings bank managers should pay primary attention to this. Excessively high dependence of banks on the funds of individuals can be considered as a disadvantage, rather than as an advantage, if a bank itself works inefficiently.

Unemployment during the COVID-19 pandemic: mental health, quality of life and labour market outcome in Nigeria

Purpose The purpose of this paper is to examine the effect of unemployment during the COVID-19 pandemic on mental health, quality of life and the labour market outcome across North and Southern Nigeria. Design/methodology/approach Data was obtained from staff laid off in selected tertiary institutions in North East and South West Nigeria using a self-administered questionnaire with a total sample size of 185. Findings are shown using the heteroscedastic linear regression and descriptive statistics. Findings The results showed a significant negative effect of unemployment during the pandemic on mental health and quality of life. Less than half of those laid off are reabsorbed into the labour market with the majority in the South than the Northern region and most are in self-employment. Practical implications The coronavirus pandemic negatively affected the human race, with a huge socio-economic impact linked to health and well-being. This reality calls for attention to the role it played on mental health and the quality of life as well as how it has influenced the labour market. Labour empowerment during a pandemic is key to cushion the effect of pandemics on health and the labour market. This can be in the form of skill empowerment and increased access to funds for business start-ups to enable self-employment that typifies the labour market after a pandemic. This in turn will reduce mental health challenges and low quality of life associated with pandemics. Originality/value To the best of the authors’ knowledge, this research is the first in the literature that provides empirical evidence of the effect of unemployment during the pandemic on well-being captured using mental health and the quality of life in Nigeria. Findings on labour market outcomes due to the pandemic and across regions in Nigeria are also scarce in the literature.

Pengaruh Pemahaman Pencatatan Akuntansi Dan Kesiapan Modal Terhadap Efesiensi Pendapatan Usaha Sembako

To determine the influence of understanding accounting and capital readiness on the efficiency of basic food business income. Quantitative is a research method that uses data in the form of numbers and the collected data is analyzed using statistical formulas. The population that will be used in this research is MSME actors, especially basic food businesses registered with the Bayung Lencir District Cooperatives, Small and Medium Enterprises Service, totaling 100 MSME business actors. The classical assumption test is a prerequisite for multiple regression analysis, this test must be influenced so that the estimates of parameters and regression coefficients are not biased. In testing this class of assumptions, namely the normality test, multicollinearity test, heteroscedasticity test, autocorrelation test. Partially, accounting records have a more dominant influence than capital readiness in increasing income efficiency. This shows that understanding accounting records is very influential in increasing revenue efficiency and business sustainability, because by understanding accounting records, business actors can manage business finances and make decisions about managing their business easily.

Does digital inclusive finance increase land rent? Evidence from rural China

In developing countries, household credit constraints are determining factors affecting the efficient allocation of land resources. Digital financial inclusion is a new type of digital financial business by providing financial services through Internet technology. It broadens the information dissemination channels, provides more nonagricultural employment opportunities, and lowers the household credit constraint. By using data from Chinese farm households, we find that digital inclusive finance affects income of renting out households and expenditure of renting in households through credit mechanisms. Developing digital inclusive finance is a method to promote market-oriented land transfer and the effective utilization of land resources.

Discontent in the world city of Singapore

A burgeoning literature on ‘left behind’ places has emerged that captures the backlash against globalisation and highlights the locales that lag world cities. This paper integrates the ‘left behind’ and world cities literatures through the lens of discontent in the context of Singapore, using sentiment analysis and topic modelling as well as interviews with local professionals to unpack the multidimensional aspects of discontent. Focusing on the Singapore–India Comprehensive Economic Cooperation Agreement that spurred discontent directed at foreign Indian professionals, we show that the worlding generated by transnational flows has accentuated intra-urban inequality through racialisation and spatialisation of financial business and suburban residential hubs. Discontent from intra-urban inequality unsettles years of efforts by the state to cultivate cosmopolitan spaces aimed at reducing social exclusion and difference in the world city of Singapore.

Customer’s Responses to Changes in Islamic Banking Service Post Covid-19 Pandemic in Indonesia

This research focuses on identifying customers' responses to the changes that limit direct service and implementing online-based Islamic banking services. This study uses a mix-method approach and results of interviews with Islamic bank staff and questionnaires to 260 respondents, showed that the changes that accommodate Covid-19 protocol in CARTER were received positively by customers as a form of empathy and response to their complaints. It also emphasizes that the pandemic is not an entirely negative phenomenon. Instead, it gives momentum for business development through a transformation toward the digital banking services that trend in financial business.

Analisis Syariah Marketing Mix Arrum BPKB dan Urgensinya dalam Meningkatkan Pendapatan UMKM Nasabah Pegadaian UPS Diponegoro Sumenep

The main objective of this study is to analyse the impact of the Arrum BPKB sharia marketing mix at Pegadaian UPS Diponegoro on the income level of MSME customers.This qualitative case study uses structured interviews to collect primary data from MSME players, complemented by secondary data from institutional records. The focus of the analysis is placed on understanding how the application of Sharia principles in marketing can improve business funding solutions. The application of Sharia Marketing Mix for Arrum BPKB financing has significantly increased customer interest and participation. Interviews with five MSME customers showed a marked increase in their daily and monthly income, confirming the effectiveness of this strategy in the real world. This study highlights the alignment of Shariah-compliant practices with customer needs and market dynamics. The findings underscore the importance of incorporating Shariah principles in marketing strategies in Islamic financial services. In practical terms, this approach not only helps in complying with ethical standards, but also enhances customer trust and financial inclusion for cash-strapped MSMEs. This study introduces new insights into the localised impact of Shariah marketing practices on MSME profitability, particularly in the Indonesian financial services context, and sets a precedent for further regional studies

Penyuluhan Strategi Keuangan Cerdas untuk UMKM di Era Digital di Kecamatan Pondok Aren

In recent years, advancements in digital applications have provided access for all layers of society to easier financial management than traditional methods at their fingertips. However, many small and medium enterprise (SME) operators are still not accustomed or effectively informed about their utilization for their businesses. This outreach aims to help SME operators adapt to the current digital access convenience in managing their business finances. There are various digital applications available that can assist SME operators in addressing issues such as non-positive sales growth, difficulties in accurately tracking operational transactions, or slow traditional funding assistance. This activity introduces ways to easily create financial projections and reports, utilize online financial transaction methods, and explore Fintech alternatives.

A STUDY ON THE FACTORS INFLUENCING INVESTORS DECISIONS IN INVESTING IN SHARES WITH SPECIAL REFERENCE TO GENDER IN BIKANER

With a sample of one hundred investors in Bikaner, Rajasthan, the current study aims to identify the key determinants of their share investment decisions. Behavior finance is a revolution in the finance business that has emerged and developed. When making decisions about their investments, investors hardly ever act rationally. Essentially, investors take action based only on the facts at their disposal. Prior to making an investment in the equities market, a great deal of thought must be given. One must take ratio analysis into account. When making an investment in the capital market, one must consider a comprehensive economic study as well as the technical and financial evaluation of the company. The objective of research project is to ascertain how male and female investors perceive different factors that should be taken into account when making equity market investments. The aim of this research is to summarize how different types of investors—male and female—feel about different investing options. From the cities of Bikaner, the researchers have collected 52 female and 47 male contributors. To verify the hypothesis, the study employs mean scores and an independent t-test. The article ends by recommending that, before purchasing shares, investors attempt to conduct fundamental, technical, and financial research. Investing in various assets requires investors, regardless of gender, to consider all available options. While allocating their money, investors ought to consider all options. Investors should select riskier or less risky assets based on their age, as certain investments carry a higher risk than others.

Analysis of the Relationship between the Implementation of Circular Economy Principles and Financial Inclusion to Poverty Alleviation in Indonesia

This qualitative study explores the relationship between circular economy principles, financial inclusion, and poverty alleviation in Indonesia. Through semi-structured interviews with key informants representing various stakeholders, the research investigates the integration of circular economy initiatives into financial inclusion strategies, the impact of circular economy practices on poverty alleviation, and the challenges and opportunities for sustainable development. The findings reveal potential synergies between circular economy and financial inclusion, highlighting the role of innovative financing mechanisms, capacity building, and policy reforms in promoting inclusive growth and environmental sustainability. However, significant barriers, including risk perception, collateral requirements, and regulatory constraints, pose challenges to accessing finance for circular businesses and entrepreneurs. Addressing these barriers requires collaborative efforts from policymakers, financial institutions, and other stakeholders to create an enabling environment for circular economy investments and foster inclusive development. The study underscores the importance of holistic and integrated approaches to sustainable development, where circular economy principles and financial inclusion strategies are mutually reinforcing, contributing to shared prosperity and well-being for all Indonesians.