The Chinese game industry has been growing rapidly in the past decades and now has the biggest market share in the world. It is important to analyse the game industry in China, especially focus on a ...specific company. This paper applied the Harvard analytical framework to analyse NetEase, one of China’s biggest game companies. By conducting strategic analysis, financial analysis, and prospect analysis, this paper highlighted the advantages and disadvantages of NetEase. This paper provided a comprehensive understanding of the Chinese game industry. Through analysis under the Harward analytical framework this paper found four problems impeding the development of NetEase, which include reliance on single income source, loss in popularity, fewer benefits from scale economy and regulatory restrictions. Finally, to solve the problems this paper proposed several suggestions for NetEase aiming to help the company encounter the obstacles in its development as well as provide useful references for other companies in the industry.
How to account for goodwill arising from business combinations has proven to be one the most controversial topics for the standardisation, preparation, and audit of financial reports. Given its ...contested nature, and recent debates about improper goodwill accounting by failing companies, standard setters are currently reconsidering existing recognition, measurement, and disclosure requirements. In this study, we explore the views of a relatively neglected group of stakeholders in the financial reporting policy-making arena – financial statement users. We draw on empirical evidence from interviews with financial analysts and from responses by analysts to IASB and EFRAG consultations. We mobilise framing theory as used in public policy studies to analyse how users make sense of goodwill accounting information as compared to standard setters. Our key finding is the plurality of colliding frames between users and standard setters that remain intractable. Our analysis reveals that users’ interest in management’s accountability on acquisitions cannot fit easily into the financial reporting frame. Not only are claims by standard setters about the value relevance of goodwill impairments found not to be experienced in practice, but also we discover that users question the benefits of standard setters working in this area, while they take recourse to ‘street numbers’ for their analysis. We interpret the intractability we discover as putting into question public policy claims that accounting policies are developed with a commitment to serve the public interest.
This article is devoted to financial stability assessment of regional budgets of the constituent entities of the Russian Federation in the conditions of cyclical development of the national economic ...system. The authors identified the regional budgets of the following regions of the Russian Federation as objects of research: Rostov region, Republic of Kalmykia and Orel region. Financial and economic performance of the administration of budgets of these territorial units for the period 2010–2019, which are reflected in the previous article (Part 1) of the authors, were taken as the subject. The purpose of the article is to reflect the features of the practical application of the methodology presented by the authors for the analysis of changes in the financial stability of regional budgets of specific regions against the background of the impact of external economic forces (decrease in world energy prices, sanctions to Russian companies and entrepreneurs). The relevance of the research topic is connected with the demand for a high-quality and objective financial analysis of the budgets of specific regions of the Russian Federation against the background of the general economic crisis affecting all the main spheres of society, as well as negatively influencing economic and social policy, both at federal and regional levels. When making generalized assessments and conclusions about the dynamics of changes in the level of financial stability of the regional budgets of Rostov region, the Republic of Kalmykia and Orel region, the authors suggested a system of indicators characterizing the budget in the following main areas: budget efficiency, financial stability, as well as the balance of the revenues and expenditures of the regional budget. On the basis of analytical research, the authors found that regions characterized as financially stable have the following features: presence of a highquality and well-functioning process of planning and administration of the regional budget; effective use of the potential of region’s industrial resource base; active investment in projects, both promising, profitable, and socially significant. In the course of the study of regions with a low level of financial independence (the Republic of Kalmykia and Orel region), the authors noted that the consistently worsening economic sphere in the Russian economy leads to an acceleration of the rates of the degradation of social and economic situation of the entire region, thereby reducing financial opportunities of the corresponding budget, what consequently results in the decrease in the quality of life of the population of the regions under analysis.
The weather-dependent electricity generation from Renewable Energy Sources (RES), such as solar and wind power, entails that systems for energy storage are becoming progressively more important. ...Among the different solutions that are being explored, hydrogen is currently considered as a key technology allowing future long-term and large-scale storage of renewable power.
Today, hydrogen is mainly produced from fossil fuels, and steam methane reforming (SMR) is the most common route for producing it from natural gas. None of the conventional methods used is GHG-free. The Power-to-Gas concept, based on water electrolysis using electricity coming from renewable sources is the most environmentally clean approach. Given its multiple uses, hydrogen is sold both as a fuel, which can produce electricity through fuel cells, and as a feedstock in several industrial processes. Just the feedstock could be, in the short term, the main market of RES-based hydrogen.
In this paper, we present the results obtained from a techno-economic-financial evaluation of a system to produce green hydrogen to be sold as a feedstock for industries and research centres. A system which includes a 200 kW photovoltaic plant and a 180 kW electrolyser, to be located in Messina (Italy), is proposed as a case study. According to the analyses carried out, and taking into account the current development of technologies, it has been found that investment to realise a small-scale PV-based hydrogen production plant can be remunerative.
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•Techno-economic-financial analysis of a system producing “green” hydrogen.•Case-study: 200 kW PV plant & 180 kW electrolyser (AWE), to be located in Messina.•Configurations which include the sale of oxygen are remunerative.•Hydrogen distributed production could have a widespread development.•By-product oxygen can be placed in the market of medical gases.
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•Levelised wind farm cost of €42.3/MWhe gives levelised H2 cost of €3.77/kg.•Hybrid (PtG) business case depends on hydrogen value, not curtailment abatement.•€4/kgH2, 17% curtailment ...required for hybrid system NPV to exceed wind farm alone.•30% fall in PtG costs would allow H2 only system to equal wind farm profitability.•System benefits of PtG may allow for significant valoristaion or incentivisation.
Accommodating renewables on the electricity grid may hinder development opportunities for offshore wind farms (OWFs) as they begin to experience significant curtailment or constraint. However, there is potential to combine investment in OWFs with Power-to-Gas (PtG), converting electricity to hydrogen via electrolysis for an alternative/complementary revenue. Using historic wind speed and simulated system marginal costs data this work models the electricity generated and potential revenues of a 504 MW OWF. Three configurations are analysed; (1) all electricity is sold to the grid, (2) all electricity is converted to hydrogen and sold, and (3) a hybrid system where power is converted to hydrogen when curtailment occurs and/or when the system marginal cost is low, with the effect of curtailment analysed in each scenario. These represent the status quo, a potential future configuration, and an innovative business model respectively. The willingness of an investor to build PtG are determined by changes to the net present value (NPV) of a project. Results suggest that configuration (1) is most profitable and that curtailment mitigation alone is not sufficient to secure investment in PtG. By acting as an artificial floor in the electricity price, a hybrid configuration (3) is promising and increases NPV for all hydrogen values greater than €4.2/kgH2. Hybrid system attractiveness increases with curtailment only if the hydrogen value is significantly above the levelised cost of €3.77/kgH2. In order for an investor to choose to pursue configuration (2), the offshore wind farm would have to anticipate 8.5% curtailment and be able to receive €4.5/kgH2, or 25% curtailment and receive €4/kgH2. The capital costs and discount rates are the most sensitive parameters and ambitious combinations of technology improvements could produce a levelised cost of €3/kgH2.
Corporation financial analysis is crucial for accounting research, including background and environment, revenue and profit, different kinds of financial ratios. This paper will analyze Corn Products ...International, a corn refining and ingredient companies.
The scientific research study is about financial methodology analysis improving in the framework of forensic economic examination. The objective bankruptcy date is one of the issues within the ...forensic examination. The authors propose to supplement the classical financial analysis with a special section, which analyzes transactions for compliance with market conditions, identifies schematic and fictitious transactions, and also determines the degree of their impact on the occurrence of property insufficiency and signs of bankruptcy. The author's classification of possible schematic transactions, as well as methods for establishing the fact of compliance with the market situation are proposed. As the criterion for the maximum permissible deviations of transaction values from market values, it is proposed to use a value in an amount not exceeding the change in values by more than two times. The technical assets identified as a result of fictitious transactions are proposed to be deducted from the market value of assets when calculating the net assets of the organization, which will allow the most correct determination of the objective bankruptcy date.
The ongoing digital transformation of the national economy inevitably sets the task of introducing digital technologies and tools into the practice of economic activities of organizations and ...enterprises. One of the areas of digitalization is Big Data technology, which in many ways is already being used in the field of finance. However, for the effective use of big data in the practice of financial analysis of economic activity, it is necessary to solve a variety of significant problems. The article discusses the promising directions of using big data in financial analysis procedures, which, being integrated into the system of forming various management decisions, can significantly increase their efficiency. The necessary elements of the financial analysis system, which, first of all, should be focused on the use of big data, are considered, as well as aspects that, when using digital technologies, can provide the maximum effect.
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•Transparent photovoltaic is concretely approaching to the market.•Hybrid solar cells can now exceed exploitable visible light transmittance.•A real-case study on a simulated ...photovoltaic-powered office is proposed.•Companies ready to commercialize transparent building-integrated photovoltaic products are reviewed.
The world energy scenario is now living significant contributions coming from the photovoltaic field: new organic/inorganic hybrid materials have emerged in recent years, and in some cases these emerging strategies have exceeded the performance of traditional crystalline silicon. The next step concerns the integration of these technologies in smart buildings, in order to maximize the active surface capable of producing electricity and to contain the costs of air conditioning without affecting the amount of light needed. This review focuses on some of the most recent strategies developed to this purpose. Following an initial background on solar cells and figures of merit to characterize a transparent photovoltaic panel, the manuscript deals with a thorough analysis of wavelength-selective and non-wavelength selective devices, mentioning the main outcomes in the recent years. This distinction is proposed for both solar cells and solar concentrators, two areas in rapid evolution in academia and company worlds. A newly proposed case study and the example of a pre-industrial reality that has just started to scale-up this technology conclude this review, leaving to the reader a rich background on this highly-in-vogue field.
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