Small Corporations Research Articles

Developing the Triad of Finance Indicators to Identify and Regulate Risks Dealing with Asset Functioning in Big, Medium and Small Corporations

Developing the triad of finance indicators to reveal in proper time and minimize risks dealing with asset functioning in organizations of different business scale can have a positive impact on the quality of assets and sustainability of company work at present and in the future. During the research works by Russian and overseas authors were studied, it showed that they used different indicators to estimate the finance standing in the system of corporate finance management. The triad of finance indicators includes finance autonomy, tension, multiplier of own sources, criterial values of which shall comply with the golden rule of finance management. The goal of the research is to introduce and substantiate the triad of finance indicators used for timely identification and minimization of risks connected with asset functioning in corporations. As a result in theoretical line of the research the triad of logically interconnected finance indicators was advanced and the criterial level of their estimation was put forward. As for the practical line of the research, violation of the golden rule of finance management was revealed in big, medium and small corporations.

Sidestepping the Sovereign Debt Trap? The Case of Poland

ABSTRACT We show that a sovereign debt trap can be sustained – even long term – provided economic growth that would be, if there was no sovereign debt, sufficiently high both in absolute terms and relative to fiscal deficit. While sustainable, the trap may still be as costly (or even more) as fiscal crises, as suggested by the case of Italy and Japan. We also show, based on data for Poland, how easy it is to fall into the trap. In particular, even a transitory slowdown may permanently raise the debt-to-GDP ratio. This might be the case even for government bond yields permanently lower than nominal GDP growth and forgoing some primary spending. The risk that Poland will fall into the trap is compounded by a projected permanent slowdown, circumvention of fiscal rules (if continued), and small corporate and financial sectors limiting the government’s ability to increase taxes without further dampening economic growth. As measures to cut that risk, we argue for growth enhancing reforms and strengthening fiscal rules. The latter would counteract the “war of attrition” and resolve the time inconsistency of a balanced budget policy, which we analyze by modifying the Barro–Gordon model.

Theories of Social Alienation Analysis in the Family

Family, as a small effective system for the establishment of the entire society always leaves heated questions to scholars and social workers. Throughout the research, the issues of parental alienation have been apparently highlighted. The reasons for the foremost problems are numerous incompatibilities among the couples and the raise of many divorces. Family, as a small corporation contains several other correlations like the relation between the husband and the wife, as the formation of all the other family relations. Besides, the interactive relations of the family members then the compound families are seen. Furthermore, the new mode of the formation family relations, in the terms professions, positions, age, and literacy rate change, according to the present time of the society, culture, tradition, religion and different extents.The existence and non-existence of the modern world’s reality, family relations take many questions and issues, when this reality has apparently expressed, that the initiation, formation, role and duties are constantly changing. Furthermore, in the standard of living, the family members face challenges, alternatives and determination which all leave their influence the variety of family relations. In one way or another, the influences are seen as the catalyst of the emergence of social alienation among the families.

An Overview of the Role of Artificial Intelligence on the Performance of Small and Medium-Scale Enterprises in Nigeria

In the past 15 to 20 years, there has been a surge in the use of Artificial Intelligence (AI). Small, Medium-scale Enterprises (SMEs) and large corporations can all benefit from the use of AI in their business development. The major goal of this essay is to examine how AI can be used to advance business operations in SMEs in Nigeria. To this effect, a methodical approach to literature review was used. The key conclusions are that artificial intelligence may be utilised to keep a safe distance from others, do business from a secure location, improve customer delivery, bring in business for organisations, and give a competitive edge to SMEs. It was noted that artificial was already being used by major companies like Google, Facebook, TikTok, Netflix, and Amazon, but now smaller businesses could also make use of this resource to increase their production and operational operations to compete and advance in the current environment. Future research can further test the characteristics at the primary level after the researchers recognised them as being responsible for the adoption of artificial intelligence by the Nigerian SMEs.

Equity Financing Potential for Leading R&D of Small and Medium-Sized Biomedical Corporations

From the perspective of small and medium-sized innovative biomedical enterprises, this study conducts a comprehensive analysis of the corporate financing capacity during the equity financing process, aiming to provide valuable insights for the successful implementation of equity financing. The study involved the distribution of a total of 400 questionnaires to Chinese venture capital institutions and SMEs of innovative drug R&D, followed by statistical analysis of the questionnaire data results. In light of the challenges faced by these enterprises during the equity financing process, such as inadequate attention to financing business plans, neglect of financing roadshows, insufficient financing expertise, reliance on single financing approaches or channels, lack of meticulous capital partner selection and enterprises raise capital prematurely, this study proposes several countermeasures. These include prioritizing the financing business plan, emphasizing the importance of the financing roadshows, adopting a diversified financing approach, and objectively determining the optimal entry point for the financing stage. Venture capital can effectively address the financing bottleneck faced by small and medium-sized innovative biomedical enterprises, thereby serving as the optimal financing channel. Not only that, but also can effectively address the bottleneck issues associated with equity financing for small and medium-sized innovative biomedical enterprises and play a pivotal role in the field of innovative drug research and development (R&D). By fostering the development of more efficient novel drugs, it can significantly contribute to the robust growth of China's biomedical industry.

Strategy for Dominance of Multinational Conglomerates

This paper we understand the significance of multinational companies controlling the market through mergers, acquisitions and investments in various countries this is how it makes dominance in the market. According to OECD in 2018 MNCs control between third of the world’s production. The ability to control the market is done by various socioeconomic and political factors which give the MNCs a edge compared to the small corporations competing in the same sector. In this research we deeply scrutinize the special benefits and advantages obtained by MNCs which in turn favors them to dominate the market. Keywords- Conglomerates, Monopoly, MNCs , Disrupt Monopoly, OECD, Socio-economic

Risk assessment of four toxic heavy metals in terrestrial and aquatic ecosystems around BSCIC tannery industrial estate of Savar, Dhaka,Bangladesh.

The shifting of tannery industries from Hazaribagh to Savar adjacent to Dhaleshwari River might have inevitable adverse impacts, especially the heavy metal contamination of both terrestrial and aquatic ecosystems. The study was carried out to investigate the concentrations of four heavy metals in the soil, water, and plant samples collected from around Dhaleshwari River adjacent to the Bangladesh Small & Cottage Industries Corporation Tannery Industrial Estate, Dhaka. This study revealed that average concentrations of cadmium and chromium in soil exceeded the maximum permissible limit of World Health Organization (1996) and average concentrations of lead, cadmium, and chromium in water exceeded the maximum permissible limit of World Health Organization (2011) and Environmental Conservation Rules (1997). The average concentrations of lead, cadmium, and chromium in the roots and shoots of both Eichhornia crassipes and Cynodon dactylon exceeded the maximum permissible limit of Food and Agriculture Organization/ World Health Organization (2016). Ecological risk assessment using indices model for soil pollution indicated that soil is mostly contaminated with cadmium and chromium which can pose strong ecological risk Health risk assessment using indices model for water pollution revealed the high degree of contamination and unacceptable non-carcinogenic risk and carcinogenic risk for adults as well as children through ingestion of water. Average bioconcentration factor and bioaccumulation factor were higher in Eichhornia crassipes than Cynodon dactylon for lead, cadmium, and chromium. Average translocation factor was also higher in Eichhornia crassipes for all the metals except cadmium. It is suggested remedial and mitigation measures be instituted to control environmental degradation of the newly established Tannery Industrial Estate.

Measuring the impact and the extent of satisfaction of owners of small and medium enterprises benefiting from the support services provided by the Jordanian Small and Medium Enterprises Corporation during the period (2016-2022)

Measuring the impact and the extent of satisfaction of owners of small and medium enterprises benefiting from the support services provided by the Jordanian Small and Medium Enterprises Corporation during the period (2016-2022)

Predictors of Nurses’ Talent Retention in MSME-run Home Healthcare Centre in Chennai

This research aims to identify the elements accountable for retaining talent among home healthcare nurses in Chennai. The researchers adopted a descriptive approach. The sample size of this research study is 217 respondents who are nurses from the micro, small and medium enterprises (MSME) corporate centre at Nandanam, covering its areas within Chennai city. The tool used for this study purpose was the questionnaire, consisting of eight constructs: training, compensation, cohesion, autonomy, workload, non-monetary benefits, nurses’ satisfaction and nurses’ retention. The socio-demographic factors such as age, gender, qualification, annual income, employment type, experience, marital status and designation were considered. Data analysis was done using SPSS 21.0. The reliability measures ensured the consistency of the data set. Percentage analysis, descriptive statistics, Pearson correlation and multiple regression are the statistical tests used. Important discussions were given in the article related to the Indian healthcare sector.

The Nexus of Functional Stupidity Geometrics: Unpacking the Stupidity Theory on Leadership as a Toxic Mix Between Leaving a Legacy and Leadership Failure in Business Organizations

This study fires shots on the irony of corporate stupidity in the 21st century. The present study reveals that corporate functional stupidity is viral among both smart and non-smart corporations leader, small and big corporations- capitalizing on leadership and intra-organizational power dynamics and the level of imbalances in authority between those leading and those being led [leadership-follower matrix]. The practice by corporates, especially leadership from within, to ‘construct and build huge’ systems of communicative blockades ear-marked at blind-folding and encourage employees to accept demonic and exploitative work practices as a prerequisite for corporate survival is ontologically surprising and a major cause for concern. This stupidity paradox in corporations spear-headed by leaders advances the notion that power dynamics and imbalances in authority at work places create stupid leaders who represents a distinctive form of cognitive failing. Paradoxically, modern corporations appear more stupidified from within. Stupidity is here viewed as functional and is understood definitively as a form of conceptual self-hampering, characterized by aetiology and with a range of delirious effects on both individuals at work and corporate performance at the other extreme. Functional stupidity, is in its entirety an “active refusal of using one’s intellectual capacity in other than myopic ways” and leadership. The present study is a product of the researcher’s quest and thirst for ontological perspectives in determining, what characterizes stupidity and determine the emancipatory models that are needed to contain the over-acculturalization of the practice. The primary research question posits and examines the salient characteristics of corporate functional stupidity. Together with other secondary questions, this question raises issues focused on interventions (stupidity management) leaders can make to drive down levels of stupidity in their corporates and make their organizations less stupid. A mixed methodological design is adopted in order to comprehend the ontology of functional stupidity as well as the original episteme of the same. This is done by reviewing existing literature on functional stupidity, with observatory and experiential knowledge obtainable from the researcher’s work experience. The employment of discourse analysis and content merging of other studies conducted elsewhere is becomes the pedal for data analysis. The primary finding is that corporate stupidity can translate into a dangerous sense of futility that prompts even the brightest employees to abandon objectivity and silently accept absurd tasks. Corporate stupidity is a common hazard in many companies but paradoxically enough-it can prove useful to maintaining a certain degree of cohesion. Study further shows that stupid leadership attempts to structure individuals' internal conversations in ways that emphasize positive and coherent narratives and marginalize more negative or ambiguous ones. Stupid leaders throw up a variety of communicative blockades that encourage employees to accept bad practices as an inevitability of life in the particular organizational ontology within which they find themselves. The study further perspective is that many corporations are caught in the stupidity paradox: they employ smart people who end up doing stupid things. This can produce good results in the short term, but can pave the way to disaster in the longer term. Paradoxically, the study reveals that when people are seized by functional stupidity, they remain capable of doing the job, but they stop asking searching questions about their work, get over possessed with loyalism and loose creativity and innovation. Smart corporations encourage stupidity that this pays off in the short term, but creates problems in the long term. The study recommends that systematic de-stupification and denaturalization of corporate leadership discourse is a necessary undertaking. The creation of deliberate innovative support cultures cannot be over-emphasized. The study unapologetically stands and proposes very practical steps that can be used to destupidify our corporations. Future research need to be contacted focusing on the benefits of creating stupid corporations whose stupidity manifests through the behaviour of its leaders. This study is not complete until further study is conducted across all corporates to deduce how stupidity can be transformed into both medium and long term benefits to the corporation.

МІСЦЕ ТА РОЛЬ БІЗНЕСУ В РЕАЛІЗАЦІЇ ЦИФРОВИХ ТРАНСФОРМАЦІЙ НАЦІОНАЛЬНОЇ ЕКОНОМІКИ

In today's rapidly evolving world, the process of digital transformation has become an inevitable phenomenon, significantly impacting all spheres of life, including the economy. The research provides a detailed and descriptive analysis of the role that businesses play in driving innovation and introducing new technologies in this transformation as well as giving a comprehensive analysis of the impact of digital technologies on the economic development of countries. It highlights the strategic aspects of implementing digital initiatives in the business sphere, such as enhancing customer experience, improving operational efficiency, and increasing productivity. The article also emphasizes the importance of creating a digital culture that fosters innovation and collaboration. The article identifies the key areas of digital transformation for businesses, including automation, artificial intelligence and cloud computing. It provides an in-depth analysis of the role of small, medium-sized, and large corporations in this transformation and emphasizes that businesses must develop a proactive approach to digital transformation to stay competitive in the market. Moreover, the article explores detailed strategies that can help businesses effectively adapt to digital changes, such as embracing new business models, investing in digital infrastructure, and fostering a culture of continuous learning and development. It also highlights the importance of data security and privacy in the digital age. The article provides recommendations for governments and regulators to support innovation and entrepreneurship, creating an enabling environment for the development of the digital economy. It emphasizes that governments must promote collaboration between the public and private sectors, encourage digital literacy, and invest in digital infrastructure. In conclusion, this article provides a descriptive and informative analysis of the implications of digital transformation for businesses and the economy as a whole. It emphasizes the need for businesses to embrace digital transformation, adapt to the changing digital landscape, and leverage new opportunities arising from it.

CSR exposures of Bangladesh Small and Cottage Industries Corporation enlisted firms during COVID-19

CSR exposures of Bangladesh Small and Cottage Industries Corporation enlisted firms during COVID-19

THE ROLE OF GOVERNMENT SUPPORT PROGRAM IN DIGITAL TRANSFORMATION AND DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES WITH THE MEDIATION OF SENSING CAPABILITY IN PAKISTAN

Small and medium-sized corporations (SMEs) are a key component of their country's national having list as they play a big role in job creation, exporting promotion, GDP growth, and poverty reduction. County executive authorities that provide SMEs with the competitiveness and performance know-how to enable their local and international trade operations through knowledge and skills transfer. The Government of Pakistan happens to put in place one of such SME aid programs in line with the Common Facility Centre (CFC) program. The aim of CFC is to inform SMEs about modern production techniques and technical knowledge in order to improve their overall technological abilities and competitiveness by which the chances of a business growing can be achieved. For this study, the positivist approach will be chosen in the quantitative technique to identify the cause and effect relationship to get a conceptual view about CFC support program digital transformation and performance of SMEs. It may appear that the CFC program is likely to enhance SME performance. However, it is predicted that the role of sensing capability in digital transformation may be capable to moderate this liability where sensing ability may play a mediating position. Main research studies, with regard to effectiveness of SME support programs, remain focused on the aggregate outcomes, ignoring individual company's capacity to positively affect firms' performance. A quantitative research technique developed from the positivist paradigm is provided to gather data and investigate the linkages among CFC support programs, digital transformation, and SME success. It is advocated that objective and perceptual data be acquired by adopting a survey design via a self-administrated questionnaire. This research sample will include SMEs in Pakistan's leading industrial clusters employing the CFC assistance program. A survey questionnaire has been used to collect the data. Then data is coded, fed, and analyzed by SPSS, following proper validation through exploratory and confirmatory factor analysis.

THE ROLE OF SOCIAL NORMS IN TAX COMPLIANCE BEHAVIOUR OF SMES IN EMERGING ECONOMIES LIKE UGANDA

Taxpayers have different motivations for paying taxes. How successfully taxpayers comply with the tax system will depend on the social standing of the taxpayers and the ability of the tax authority to impose the legal requirements for such a system. We have had minimal corporate tax revenue contributions to the overall tax revenue in Uganda, especially from small and medium corporations over the past decade and relatively little attention has been directed towards understanding what the challenge could be. Could corporate tax compliance behaviour be determined by the power dimensions or social psychological stance, and in which magnitude? Evidence has cast doubt on the ability of power dimensions to effectively influence tax compliance behaviour, suggesting that social norms may be an influential tool in determining tax compliance behaviour. Combining descriptive and analytical research design and utilising a structural equation model, the study helps to provide answers to these questions using social norms theory and the slippery slope framework. Descriptive norms generally have significant direct effects on tax compliance behaviour.

Role of Competitive Edge, Marketing Facilities, Financial and Government Supports on Small Entrepreneurship Development in Bangladesh

Industrialization is the main field for sustainable economic development and achievement of social progress of a nation. Considering this, entrepreneurship is the key to the creation of new enterprises that energize and revitalize the economy. Notably, in Bangladesh, the role of Bangladesh Small and Cottage Industry Corporation (BSCIC) is the main catalyst for developing sustainable entrepreneurship. However, there are criticism that the standpoints of small and medium-sized businesses of the BSCIC entrepreneurs are under the assistance of the Government. Therefore, it is essential to see the impacts of other factors on the performance of the BSCIC Entrepreneurs. Therefore, this study aims at investigating the impacts of four factors, i.e., Competitive edge with large-scale industry, financial technical support, Marketing initiatives, and Government initiatives, on the performance of BSCIC Entrepreneurs. This study collected 65 sample data based on a questionnaire survey and the date were analyzed based on structural equation modelling. The result shows that marketing initiatives has positive impact, but competitive edge with large-scale industry as well as government support has negative impacts. Whereas the financial support does not show any impact on entrepreneurs’ performance. This study will help the entrepreneur and policy makers to improve the entrepreneurial development in Bangladesh.

Assessing water, sanitation and hygiene (WASH) practices and their association with diarrhoea in under-five children in urban Chandernagore: Community-based evidence from a small municipal corporation in Hooghly District of West Bengal, India.

The study aims to understand the relationship of childhood diarrhoea (under-five children) with water, sanitation and hygiene factors in the light of other contextual factors in an urban setting in the district of Hooghly in West Bengal, India. This primary study was carried out by SIGMA Foundation, Kolkata from 4 to 24 January 2023 across 404 households having at least one under-five child. The findings suggested that the water score was 'good' in 85.1% of the households whereas the hand hygiene score was 'good' in 14.6% of households. More than 90% of the households had piped water supply. Less than half of them treated water before consumption among which 45.3% used cloths for straining water; 59.2% of the caregivers followed safe disposal of child's faeces; 66.8% of households had no handwashing arrangement, and 30.5% had taps and wash basins for handwashing; 20.3% of the under-five children had suffered from diarrhoea in the last month before the survey and its prevalence was higher in children aged 12-23 months. Multivariate results suggested diarrhoea prevalence was lower in households that were pucca and had good water and hand hygiene scores, lower in children that had received iron fortification and whose caregivers followed safe child's stool disposal.

Harmonizing Personal and Professional Boundaries: An Explanatory Qualitative Study of Relationship Tensions from a Critical Realist Perspective

Organisations attempt to maintain the balance between personal friendships and professional relationships. Proof of this is how organisations assert the importance of team-building activities that it has become a regular in the annual plan of big and small corporations alike. The goals – promote camaraderie and create more friendships in the workplace. Yet, organisations also worry that employees will be too close that work matters will be disrupted, interactions will be less professional, and conflicts of interest will arise. The spectrum of friendships spans from initial acquaintances to close and best friends that weave human interactions (Hojjat & Moyer, 2017; Morales, 2022, Sias & Cahill, 1998). This involves shared respect, genuine regard, and reciprocal exchanges that grow as the bond between individuals strengthens. In the workplace, friendships go beyond social connections, fostering support and a deeper sense of belonging (Dietz & Fasbender, 2022; Morales, 2022). Keywords: workplace friendships, critical realist, tensions, personal friendships, professional relationships

Perceived Impact in the Implementation of Microenterprise Law: A Qualitative Study in the Philippines

Purpose: The aim of this study is to ascertain the perceived impacts of implementing the microenterprise law and use it as a global benchmark for other international laws concerning microenterprises. Theoretical framework: The Grand Unified Theory of Business Development by Varun Sharma (2015) served as the theoretical foundation of this study as it suggests how a firm should be run for the greatest profit, whether it is a micro, small, medium, or large corporation. Design/methodology/approach: The qualitative research design was used wherein qualitative data were gathered thru the conduct of structured individual interviews and small focus group discussions with the stakeholders namely; Microenterprise operators/owners, consumers, suppliers, employees, and government bodies using the five law incentives and privileges as the determinants of its impact. Findings: The results showed that the impact of the implementation of the microenterprise law (BMBE Law) as perceived by BMBE owners, consumers, suppliers, employees, and government bodies was generally positive and favorably advantageous to all five identified stakeholders which were further categorized into various themes and category. Research, Practical & Social implications: The study affects the financial status of microenterprises as it measures the impact of government-aided assistance as the basis of providing enhanced benefits and privileges for microenterprises for eventual conversion to a higher form of business formation. Originality/value: The study paved the way for creating a value-adding understanding of how impactful government-aided assistance and privileges to the microenterprises are the foundation of a strong business economy.

An Investigation into the Ease of Investing in Upcoming Small and Medium Sized Companies through LEAP market listing: A Malaysian Case

: The research is to derive a better understanding of the optical or objective of the existing listed Leap Market counters been through before the initial public offer, hence whether it has derived their objective in the capital market after listing. Ideally, the Leap Market being the creation of the new capital market is to assist Small and Medium Entrepreneurs Corporation (“SME corporations”) to think about the bigger skill for funds raising by diluting their equity shares rather than depending on the borrowings. With this finding, it could provide as guidelines for any SMEs Corporation who wish to go for listing hence also analyze on the feedback from the existing listed SMEs Corporation on their success journey and provide a recommendation that could encourage more SMEs Corporation in various industry to go for listing, which would be able to create more opportunities to the potential investors participation and setting as a reference to help the market in the under developing country.

A Conceptual Paper on the Relationship between GHRM and Pro-Environmental Behavior via Employee Empowerment

This conceptual study is based on literature reviews related to green human resource management (GHRM), employee empowerment, and pro-environmental behavior (PEB) at the workplace. Business activities in small and medium enterprises or corporations, including agriculture, will impact the ecosphere. The impact suggests the importance for organizations to focus their concerns on PEBs to reduce the negative environmental impact of their ignorance of green practices. Organizations may use GHRM to efficiently provide and execute environmentally friendly policies since it can track and impact employee environmental behavior. The present study aimed to investigate for future research whether employee empowerment mediates the relationship between the GHRM and PEB at the workplace from the perspective of the Ability-Motivation-Opportunity (AMO) Theory, specifically among agricultural companies in Malaysia. The study continued to explore the concepts, issues, and objectives through several works of literature in numerous areas. This conceptual paper signifies supplementing works of literature as a future reference for academics. The outcome of this study can offer information to agricultural companies on the ways to leverage GHRM and employee empowerment to promote PEB in the workplace.