Share Of Funding Research Articles

Financial Shared Services Empower the Real Economy: The Evidence from China

As a product of digital technology, financial shared services can be deeply integrated into enterprise operation and management, which is significant to accelerate the financial transformation of real enterprises and achieve high-quality development. Based on this, this paper examines whether and how financial shared services empower the real economy, using data from listed companies in China from 2008 to 2017 as a sample. The research results show that financial shared services can significantly improve enterprise value and thus empower the real economy, and the optimization of operational efficiency is an important path for financial shared services to empower the real economy. Further research finds that the empowering effect of financial shared services on the real economy mainly exists in enterprises with many subsidiaries, large scale, and high labor intensity. This paper not only bridges the gap between financial shared services and micro-enterprise related research but also provides references and lessons for how to implement financial shared services in the real economy.

Research on Transformation and Upgrading of Financial Sharing Center of Construction Enterprise Group in the Cloud Era

Research on Transformation and Upgrading of Financial Sharing Center of Construction Enterprise Group in the Cloud Era

PENGARUH PENDAPATAN ASLI DAERAH (PAD), DANA ALOKASI UMUM (DAU), DAN DANA BAGI HASIL (DBH) TERHADAP BELANJA MODAL PADA PEMERINTAH DAERAH (STUDI KASUS PADA DINAS KEUANGAN SEEKS KARESIDENAN SURAKARTA)

The purpose of this study was to examine the effect of local revenue(PAD), general allocation funds (DAU), and revenue sharing (DBH) on capitalexpenditures in local governments. This study uses a sample of non-probabilitysampling with saturated sampling technique so that it gets a sample at theDepartment of Finance of the entire Surakarta Residency. The samples in thisstudy were 7 regions covering 1 Praja City (Surakarta) and 6 districts(Karanganyar, Sragen, Wonogiri, Sukoharjo, Klaten and Boyilali) using agencytheory. The type of data used is secondary data. The results of this study indicatethe significance value of Regional Original Income (PAD) of 0.001 <0.05, it canbe explained that PAD has a significant effect on capital expenditure. Thesignificance value of the General Allocation Fund (DAU) of 0.006 <0.05, it isexplained that the DAU has a significant effect on capital expenditure. Thesignificance value of Revenue Sharing (DBH) is 0.429> 0.05, it can be explainedthat DBH has no effect on capital expenditure. The coefficient of determinationshows an Adjusted R Square of 0.332, the effect of the independent variables,namely Regional Original Income (PAD), General Allocation Fund (DAU), andProfit Sharing Fund (DBH) on Capital Expenditure by 33.2% while the rest(100%) -33.2%) = 66.8% influenced by other variables not studied.

The economic efficiency of aid targeting

How efficient is the targeting of foreign aid to populations in need? A long literature has focused on the impacts of foreign aid, but much rarer are studies that examine how such aid is allocated within countries. We examine the extent to which donors efficiently respond to exogenous budget shocks by shifting resources toward needier districts within a given country, as predicted by theory. We use recently geocoded data on the World Bank’s aid in 23 countries that crossed the lower-middle income threshold between 1995 and 2010 and thus experienced sharp aid reductions. We measure locations’ need along a number of dimensions, including nighttime lights emissions, population density, conflict exposure, and child mortality. We find little evidence that aid project siting is increasingly concentrated in worse-off areas as budgets shrink; the only exception appears to be a growing share of funding in more conflict-affected areas. We further analyze the relationship of health aid to child mortality measures in six key countries, again finding little evidence of efficient responses to budget shocks. Taken together, these results suggest that large efficiency gains may be possible in the distribution of aid from the World Bank and other donors.

Responding to a disease with resources from other diseases: Evidence from Zika vaccine research dynamics

AbstractResponding to health needs in one disease area might rely on being able to draw on research and funding oriented towards other disease areas. However, the tendency of medical research to cross-disease areas has received limited empirical consideration. An outbreak, in a disease area with little prior research or funding, means that any research response will necessarily be rich with cross-disease flows. This affords a setting that allows us to identify and examine the phenomenon over time. We estimate the extent to which the vaccine research community’s response to Zika virus drew on research and funding from other diseases. We find that a persistently low share of funding into Zika vaccine research was Zika-oriented. In contrast, a much higher share of knowledge inputs was oriented to Zika. The exercise serves to illustrate some general themes in priority setting for health research systems alongside some core features of vaccine innovation.

Sustainability in Numbers by Data Analytics.

For a successful delivery of the United Nations Sustainable Development Goals (UNSDGs) and to track the progress of UNSDGs as well as identify the gaps and the areas requiring more attention, periodic analyses on the “research on sustainability” by various countries and their contribution to the topic are inevitable. This paper tracks the trends in sustainability research including the geographical distribution on sustainability research, their level of multi-disciplinarity and the cross-border collaboration, their distribution of funding with respect to the UNSDGs, and the lifecycle analyses. Cumulative publications and patents on sustainability could be fitted to an exponential function, thereby highlighting the importance of the research on sustainability in the recent past. Besides, this analytics quantifies cross-border collaborations and knowledge integration to solve critical issues as well as traditional and emerging sources to undertake sustainability research. As an important aspect of resource sustainability and circular economy, trends in publication and funding on lifecycle assessment have also been investigated. The analytics present here identify that major sustainability research volume is from the social sciences as well as business and economics sectors, whereas contributions from the engineering disciplines to develop technologies for sustainability practices are relatively lower. Similarly, funding distribution is also not evenly distributed under various SDGs; the larger share of funding has been on energy security and climate change research. Thus, this study identifies many gaps to be filled for the UNSDGs to be successful.

The influence of government debt policy on the development of Ukraine's economy

The influence of the government's debt policy on the development of Ukraine's economy is analyzed. It is determined that today almost all indicators of debt stability in Ukraine exceed the critical limit, beyond which the state loses the ability to solve debt problems on its own. Thus, during 2014–2021, the domestic public and state-guaranteed debt of Ukraine increased in hryvnia equivalent by 3.9 times and as of the end of 2021 amounted to UAH 1,111.6 billion. The increase in debt was primarily due to direct public debt, which increased 4.1 times during the analyzed period. It is concluded that the scale of government borrowing in Ukraine makes it a threat to the economy, because without a change in the current government debt policy, the risk of the government's inability to meet its obligations to repay and service the debt will increase. Emphasis is placed on rethinking the country's economic policy in the direction of limiting the country's debt dependence, improving the structure of balance of payments and foreign trade balances, a balanced approach to the liberalization of relations in the foreign economic sphere and attracting foreign investment. A detailed analysis of trends in the issuance of domestic and external government bonds, as well as attracting debt financing from international financial organizations. The study of trends, and most importantly the structure of domestic government bonds, suggests that their growth is due to the need to finance not only the state budget deficit, but also the shortcomings and miscalculations of monetary and debt policy, as well as protectionist interests of individual businesses. Emphasis is placed on the fact that a significant share of non-residents' funds in domestic government bonds increases the country's exchange rate and financial vulnerability and is a factor that allows non-residents to influence the foreign exchange market and, accordingly, the national currency and international reserves of Ukraine.

Do Retail Investors Value Environmental Impact? A Lab-in-the-Field Experiment with Crowdfunders (WITHDRAWN)

Are investors willing to give up a higher return if the investment generates positive environmental impact? We investigate this question with a decision experiment among crowdfunders, where they choose between a higher return or environmental impact. Overall, 65% of investors choose environmental impact at the expense of a higher return for sufficiently large impact, 14% choose impact independent of the magnitude of impact, while 21% choose the higher return independent of impact. Combining the experimental data with historical investments, we find that investors allocate a larger share of funds to green projects if they value environmental impact more, and if they expect green projects to be more profitable. These findings suggest that investors have a preference for positive environmental impact, and satisfy it by investing in green projects. We further show that the preference for environmental impact is distinct from a preference for positive social impact. Finally, we introduce new survey measures of impact for future use, which are experimentally validated and predict field behavior.

Transfer of Land and Building Taxes in the Plantation and Forestry Sector in Indonesia in a SWOT Analysis Review

Indonesia is a country that has high natural resource potential. This potential encourages the government to collect the tax on land and building plantations, forestry, mining, and other sectors (PBB-P3). Then the proceeds are allocated to local governments to overcome vertical fiscal inequality. However, in practice, problems were found related to the low fiscal independence of regions due to dependence on Transfers to Regions (TKD) by the central government and the distribution of Revenue Sharing Funds (DBH) on Land and Building Taxes and natural resources. This paper analyzes the strengths, weaknesses, opportunities, and threats of Land and Building Tax (PBB) in the Plantation and Forestry sector devolution from the central tax to local taxes. Also, analyze the strategies for the transfer of PBB plantation and forestry sector. This study uses a qualitative approach with SWOT analysis and primary collection techniques through in-depth interview data and literature study. The analysis results show that PBB plantation and forestry sector has several weaknesses and threats related to the readiness of local government human resources, the mechanism for collecting PBB-P3, and the impact on the exploitation of natural resources. However, the strengths and opportunities found in this study can be considered for the regionalization of PBB plantation and forestry sector in the future. Strength-opportunity, strength-threat, weakness-opportunity, and weakness-threat strategies that can be prepared are preparing local government human resources, technological facilities for PBB-P3 administration, and special rules governing PBB-P3 regionalization.

The Effect Of Transfer Funds And Regional Original Income (Pad) On Poverty Levels In Regencies/Cities Of North Sumatra Province

The objectives of this study are to: 1. Analyze the effect of Regional Original Income on the level of poverty in the Regency/City of North Sumatra Province. 2. Analyzing the effect of the General Allocation Fund on the poverty level in the Regency/City of North Sumatra Province. 3. Analyzing the effect of the Special Allocation Fund on the poverty level in the Regency/City of North Sumatra Province. 4. Analyzing the effect of the Revenue Sharing Fund on the poverty level in the Regency/City of North Sumatra Province. 5. Analyzing the effect of the General Allocation Fund, Special Allocation Fund, Revenue Sharing Fund, and Regional Original Income together on the poverty level in the Regency/City of North Sumatra Province. The method used is multiple linear analysis. The results in this study are 95.22 percent of the variation that occurs in the dependent variable can be explained by the independent variable. The remaining 4.78 percent is explained by other variables not used in the study such as inflation, economic growth, and unemployment; The DAU variable does not significantly affect the poverty level, the probability value of X2 is 0.0813 > 0.05, indicating that the DAK variable has no significant effect on the poverty level, the X3 probability value is 0.3698 > 0.05, indicating that the DBH variable has no significant effect. on the poverty level, and the probability value of X4 in the table is 0.6903 > 0.05, which indicates that the PAD variable has no significant effect on the poverty level; The significance of the simultaneous test that describes the effect of X1 (PAD), X2 (DAU), X3 (DAK), and X4 (DBH) together can be seen in Table 4.8 precisely on the value of Prob. (F-statistic) which is 0, 0000 < 0.05. This value shows that PAD, DAU, DAK, and DBH together have a significant effect.

Experiences and Challenges of Implementing Universal Health Coverage With China's National Basic Public Health Service Program: Literature Review, Regression Analysis, and Insider Interviews.

BackgroundPublic health service is an important component and pathway to achieve universal health coverage (UHC), a major direction goal of many countries. China’s National Basic Public Health Service Program (the Program) is highly consistent with this direction.ObjectiveThe aim of this study was to analyze the key experience and challenges of the Program so as to present China’s approach to UHC, help other countries understand and learn from China’s experience, and promote UHC across the world.MethodsA literature review was performed across five main electronic databases and other sources. Some data were obtained from the Department of Primary Health, National Health Commission, China. Data obtained included the financing share of the national/provincial/prefectural government among the total investment of the program in 32 provinces in 2016, their respective per capita funding levels, and some indicators related to program implementation from 2009 to 2016. The Joinpoint regression model was adopted to test the time trend of changes in program implementation indicators. Face-to-face individual interviews and group discussions were conducted with 48 key insiders.ResultsThe program provided full life cycle service to the whole population with an equitable and affordable financing system, enhanced the capability and quality of the health workforce, and facilitated integration of the public health service delivery system. Meanwhile, there were also some shortcomings, including lack of selection and an exit mechanism of service items, inadequate system integration, shortage of qualified professionals, limited role played by actors outside the health sector, and a large gap between the subsidy standard and the actual service cost. The Joinpoint regression analysis demonstrated that 13 indicators related to program implementation showed a significant upward trend (P<.05) from 2009 to 2016, with average annual percent change values above 10% for 6 indicators and below 6% for 7 indicators. Three indicators (coverage of health records, electronic health records, and health management among the elderly) rose rapidly with annual percent change values above 30% between 2009 and 2011, but rose slowly or remained stable between 2011 and 2016. In 2016, the subsidy standard per capita in the eastern, central, and western regions was equivalent to US $7.43, $7.15, and $6.57, respectively, of which the national-level subsidy accounted for 25.50%, 60.57%, and 79.52%, respectively.ConclusionsThe Program has made a significant contribution to China’s efforts in achieving UHC. The Program focuses on a key population and provides full life cycle services for the whole population. The financing system completely supported by the government makes the services more equitable and affordable. However, there are a few challenges to implementing the Program in China, especially to increase the public investment, optimize service items, enhance quality of the services, and evaluate the health outcomes.

Research on Fund Management of Small and Medium-sized Enterprises based on Financial Sharing Mode

With the transnational and collectivized development of enterprises, the traditional decentralized fund management model faces huge risk of fund management and control, while the financial sharing center model can continuously improve the overall accounting level and fund management and control ability of group enterprises through standardized, standardized and professional high-quality and efficient services of the sharing center, and effectively prevent the risk of fund management and control. As the foundation of the sustainable operation of an enterprise group, the implementation of financial sharing inevitably brings many challenges to the centralized management of enterprise groups. Therefore, it is of great practical significance to explore the financial management and control under the mode of financial sharing center. On the basis of analyzing the importance of capital management and control under the mode of financial sharing center, this paper probes into the characteristics and difficulties of capital management and control of group enterprises under the mode of financial sharing center, and puts forward some countermeasures to strengthen capital management and control under the mode of financial sharing center.

Analysis of the Effect of Regional Original Income and Fund Transfers on City Government Economic Growth in North Sumatra Province

The objectives of this study are to: 1) Analyze the effect of Local Original Income on the economic growth of the North Sumatra Provincial Government. 2) Analyzing the effect of the General Allocation Fund on the economic growth of the North Sumatra Provincial Government. 3) Analyzing the effect of the Special Allocation Fund on the economic growth of the North Sumatra Provincial Government. 4) Analyzing the effect of Revenue Sharing Funds on the economic growth of the North Sumatra Provincial Government. 5) Analyzing the effect of Regional Original Revenue, General Allocation Fund, Special Allocation Fund, and Revenue Sharing Fund together on the economic growth of the North Sumatra Provincial Government. Tests using panel data analysis can be done with three models, namely Common Effect Model (CEM), Fixed Effect Model (FEM) and Random Effect Model (REM). Tests were carried out with the Chow test, Hausman test, and Langrangge Multiplier test. Based on the results of hypothesis testing in table 4.6, the lower left shows the Prob value (F-statistic) of 0.000000. Prob value. &lt; significance value (0.05). This probability value becomes the basis for accepting Ha which states that simultaneously (together) all independent variables (PAD, DAU, DAK, and DBH) have a significant effect on the dependent variable (economic growth). A positive value on the F-statistic shows that simultaneously PAD, DAU, DAK, and DBH have a positive effect on economic growth.

Research on Difficulties in Carrying out Financial Sharing and Ways to Realize Financial Sharing in Oil Enterprises

Research on Difficulties in Carrying out Financial Sharing and Ways to Realize Financial Sharing in Oil Enterprises

Research on Cost Accounting and Management under Enterprise Financial Sharing Model

Research on Cost Accounting and Management under Enterprise Financial Sharing Model

Comprehensive budget management under Financial Sharing Mode

China's economy is in the stage of rapid development. In order to improve financial management, many enterprises begin to adopt the financial sharing model. Although this model provides a strong driving force for the development of enterprises, a series of problems are still inevitable when implementing the financial sharing model.

Research on Internal Control Optimization Strategies of Tobacco Enterprises under Financial Sharing Model

Research on Internal Control Optimization Strategies of Tobacco Enterprises under Financial Sharing Model

CAPABILITY DEPRIVATION MEETS THE DIGITAL DIVIDE: THE URGENCY OF ACCESSIBILITY AND CONNECTIVITY IN ALLEVIATING THE POVERTY OF TOBACCO FARMERS IN INDONESIA

Although the area and production of smallholder plantation tobacco plants cover more than 99% of the total plantation area and tobacco production in Indonesia, the allocation of Tobacco Excise Production Sharing Funds (Dana Bagi Hasil Cukai Hasil Tembakau/DBHCHT) in 2017-2021 has been approximately Rp. 2.9 trillion per year, and several DBHCHT laws and regulations are adequate, but many tobacco farmers are still in poverty. Based on the statute’s normative method, conceptual, analytical, and case techniques. As the synthesis of several poverty theories affirms that poverty is the scarcity of means of livelihood or the limited level of welfare of a person or a community due to the instability of existing resources and the deprivation of basic capabilities, which results in the inability to achieve their certain functions and goals, it is essential to solving the capability deprivation and digital divide of tobacco farmers by improving the accessibility and connectivity. The Directorate General of Fiscal Balance is necessary to build a website and monitor and evaluate transparently against any obstacles to accessibility and connectivity. Two conclusions were generated. First, the deprivation of capabilities and the digital divide are causes of poverty, so it is necessary to assess alternative policies through access and connection of adequate and sustainable information and communication technologies for tobacco farmers and communities or farmer groups. Second, the government should provide the accessibility and connectivity of tobacco farmers in Indonesia by strengthening tobacco farmer groups (such as cooperatives) and strengthening the cost-effectiveness of technology and value-added service provision.

Analysis of Trends in the Higher Education and Science as the Basis for Strategizing the Scientific and Innovative Activities in Regional Universities

Aim of the article is to identify global, national and local trends in the development of higher education and science, which should be taken into account when strategizing the scientific and innovative activities of a regional university (in the conditions of the Kemerovo region — Kuzbass).Materials and methods. The methodological and theoretical basis of the study is the theory of strategy and the strategy methodology developed by V. L. Kvint (Moscow State University named after M. V. Lomonosov), which made it possible to substantiate the analysis of opportunities and threats as the initial stage of strategizing the scientific and innovative activities of a regional university. The methods of OTSW-analysis, economic-statistical analysis, comparative analysis were used Analytical and forecast documents of authoritative Russian and international organizations dealing with the problems of science and higher education were used.results. 12 trends of various levels are identified that determine the opportunities and threats for the strategic development of scientific and innovative activities in the universities of the Kemerovo region — Kuzbass. At the global level, these include a decrease in demand for higher education and the need for scientific and innovative diversification; the growth of the global research and development market, especially in certain niches; growth in the share of research and development funding by commercial organizations; influence on the research topics of the international agenda, including the UN sustainable development goals. The main national trends are instability and limited funding for research and development, the growing interest of the state in fundamental research; maintaining a low level of integration of universities with business with the growth of the innovative activity of the latter; the growing stratification of the domestic higher education. In the Kemerovo region — Kuzbass, the most important trends are the structural transformation of the traditional university system with increased competition among universities; limited demand for research and development, not corresponding to the economic importance of the region; creation of institutional foundations for the development of scientific and innovative activities and the strategic goals of Kuzbass for scientific and technological development, which determine promising areas of research.Conclusions. Based on the analysis of strategically significant trends, the first stage of the OTSW analysis was implemented, the opportunities and threats that determine the strategic development of research activities of the universities of the Kemerovo region — Kuzbass were identified.

Market share, larger competition and the profitability of rural, small community banks

PurposeCommunity banks continue to offer important financial services including agricultural and small-business lending as well as residential mortgage origination. Because community banks’ share of available source funds may be threatened in rural markets due to competing larger banks seeking less expensive core deposits, this study examines whether large-bank competition, market share of deposits and changing market share impact the profitability of rural, small community banks.Design/methodology/approachUsing a Heckman-type selection model to control for sample selection bias, ordinary least squares (OLS) regression analysis with time and bank fixed effects is conducted to study the drivers of profitability in small, community banks that operate exclusively in rural markets. Profit drivers for rural, small community banks of particular interest in the study are larger-bank competition, market share of deposits and year-to-year change in market share of deposits.FindingsThe research indicates that rural, small community bank profitability decreases in concurrent market share of deposits and may increase in changing market share but that the presence of a larger competitor decreases the profitability of small community banks in rural markets as larger banks compete for deposits in these markets. The paper also finds that increased Internet access in rural markets accompanies lower performance for small community banks, indicating that online banking services may threaten rural, small community banks.Originality/valueThis paper offers new findings to the literature on the performance effects of large competitors in rural banking markets. The results suggest implications for managers of rural, small community banks and offer additional knowledge about profit drivers of rural, small community banks of which regulators should be cognizant.