The article analyzes and evaluates the current financial and economic state of the machine-building industry and the influence of external and internal factors on their functioning. It is determined ...that the conditions of the national economy require domestic enterprises to react quickly and adapt to changes in market relations, to be financially stable, independent and competitive business entities. To meet these requirements, an enterprise must have sufficient financial resources. In the conditions of limited financial resources, rising cost of borrowed funds, inflationary processes, unstable prices for raw materials and components, the main task of domestic production enterprises is to increase the efficiency of activity by increasing their own financial resources and attracting additional resources from external sources of financing. But continuous and sustainable operation of the enterprise is possible due to the rational management of the available financial resources. On the basis of the conducted research, the mechanism of the process of managing the financial resources of the enterprise is proposed, which takes into account the system of goals, the system of plans and the influence of the external and internal environment of the enterprise.
Studies done in developed economies have demonstrated a positive relationship between financial resource availability and CSR. Arguments that we term the Institutional Difference Hypothesis (IDH) ...drawn from the institutional literature, however, suggest that institutional differences between developed and developing economies are likely to result in different CSR implications. Integrating the logic of IDH with insights from slack resources theory, we argue that there exists a negative relationship between financial resource availability and CSR expenditures for firms in Ghana, a sub-Saharan African emerging economy. We use lagged data from the Ghana Investment Promotion Centre and find that Return on Sales, Return on Equity, and Net Profitability were consistently associated with lower CSR expenditures. We highlight the implications of our findings for research and managers.
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BFBNIB, FZAB, GIS, IJS, KILJ, NLZOH, NUK, OILJ, PNG, SBCE, SBMB, UL, UM, UPUK
Do external uncertainties hold back or accelerate firms’ strategic change? To examine this issue, we develop a theoretical framework on the relationship between policy uncertainty caused by political ...turnover and the level of a firm’s strategic change and also theorize how political connections and financial resources affect firms’ response in the form of strategic change to environmental uncertainty. We test our framework with 16,451 firm-year observations of listed firms in China from 2008 to 2015 and find that political turnover has a negative influence on the level of a firm’s strategic change. Moreover, this influence is mitigated by political connections and/or financial resources.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UILJ, UL, UM, UPCLJ, UPUK, ZAGLJ, ZRSKP
Though the majority of Americans report they are financially stable, they do not have sufficient savings to handle an unplanned emergency. There appears to be a disconnect between an individual's ...perception of their financial situation and their actual financial state. Nevertheless, only scant research focuses on financial vulnerability from both a subjective and objective perspective, and a clear and consistent definition of this construct is missing in the literature. To fill this gap, this review draws across disciplines to consolidate extant knowledge on financial vulnerability. First, we propose a novel definition of financial vulnerability that includes both its subjective and objective dimensions. Next, we create a framework to assess a consumer's financial vulnerability. We then identify interventions for varying degrees of financial vulnerability that are tailored to the individual's fiscal situation. Finally, we present a research agenda to guide future research on financial vulnerability.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UILJ, UL, UM, UPCLJ, UPUK, ZAGLJ, ZRSKP
The main idea here is to provide a reflection on whether spending financial resources for research in the field of Astrobiology is justifiable. The reason for this article is linked to the growing ...interest in this research program, not only by the media, but nowadays also by the scientific community through good science.The methodology to develop this article is based on the concatenation of favorable and unfavorable arguments that science practitioners provided, over time, about this research activity. The results point to the use of the principle of mediocrity by optimistic inductivists as a means of argumentation, trying to establish that the practice of this research is based on good science and justifiable. On the other hand, the group of skeptical science practitioners who contest this research argue that there is no evidence to support all the commitment, supply and expenditure of scientists' energy and time, as well as financial resources. Finally, Astrobiology is a science, and helps society by providing us with knowledge subsidies that have great potential to be explored by pharmacology, the food and agricultural industry, and bioremediation treatment of environments contaminated by oil.
The article is devoted to methodological and practical issues of assessing the financial resources of the region as a factor of intensity of the investment process. The author evaluates the intensity ...of the investment process depending on two factors: first, the availability of demand and supply for financial resources: second, the nature of demand and supply for financial resources. The method of evaluation of financial resources on the first factor is based on the author’s approach to the allocation of factors of intensity of the investment process and includes the classification of financial sources of investment in five groups. Particular attention is paid to the structure of investments in fixed capital of the region by sources of financing, as well as comparisons in the dynamics of such sources as savings, profits of enterprises, foreign investment. The author’s method of assessing the intensity of the investment process for the second factor is based on the assertion that the long-term nature of the demand for financial resources does not correspond to the short-term nature of their supply. The most effective system would be to redistribute and combine the proposed financial resources through the establishment of intermediaries to meet demand through investment funds. The article presents the results of practical calculations by the author’s method, as well as the objective and subjective factors of the formation of a favorable investment climate, taking into account financial resources. Objective factors are very stable in dynamics and therefore are crucial in assessing the investment attractiveness of the region. This is the presence of industries with the most effective specialization; enterprises producing relatively cheap and high-quality products; well-developed transport infrastructure. Subjective factors have been formed in the region over the years of reforms: financial stability of enterprises, efficiency of the tax system, efficiency of the financial and credit system, inflation rate, regional priorities. The results of the study presented in the article can be used in the preparation of projects to support the financial security of the investment process at the regional and national level.
In Romania, a new management of the public administration structures is required for the efficiency of the available financial resources. The main objective of this paper is the management of ...financial resources, both from public own funds and from non-reimbursable funds from the European Union. The working method used is the analysis of the way in which the funds received by the territorial administrative units from the South- East Region of Romania contributed to the modernization of the public administration.
Abstract
The American Society of Mammalogists (ASM) currently has 13 Restricted Funds intended to make financial resources available to support the mission of the Society by providing grants and ...awards to students, early-career mammalogists, and members who perform activities relevant to ASM. Restricted Funds are specified to support a Society objective or area of research. When initially established, the originator(s) defined the use of a Restricted Fund. However, descriptions and requirements of each Restricted Fund are not often stored in a readily available location or format making it difficult for potential applicants to determine how to proceed. We collected information on each Fund from journal articles, book chapters, minutes of ASM Board of Directors meetings, and personal communications from ASM members. Then we compiled information relevant to each Restricted Fund to centralize this information and make available the intended purpose of each Restricted Fund. Several of the Funds have reached a level to be self-sustaining at the current award amounts, but others remain in desperate need of funding to be able to support the intentions of the originators. Mammalogists recognize through their establishment of Restricted Funds that allocations from these Funds are instrumental in supporting the development of students and junior colleagues as they hone their science and contribute to the science of mammalogy.
The aim of the article is to formulate an original definition of a mechanism for managing financial resources and develop a conceptual framework for this mechanism. The fundamental goal of financial ...management is ensuring growth in the value of an enterprise and creating Cash Value Added, which can be achieved by an effective management of the process of formation and use of financial resources. This determines the relevance of studying the essence of the mechanism for managing financial resources and structuring the components of this concept. That is why, it is new and important in the theoretical and methodological terms to describe the essence of the category “mechanism for managing financial resources of an enterprise”, which is considered in this study as an interconnected set of organizational and economic elements of managing the formation and use of financial resources that ensure business efficiency, competitiveness and financial stability, conditions for sustainable development not only in the short but in the long term as well. The main components of this mechanism are identified and characterized. Prospects for further research in this direction are the improvement of the system for financial resources management at a particular enterprise.
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