The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the ...The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the existence of functional relationships between the incidence of trade receivables and payables and corporate profitability; the existence of interdependencies between trade credit policy and trade debt policy; and the coexistence of interchangeable and complementary conditions between trade debts and bank loans and other sources of funding. To verify the research hypotheses, linear regression models on a yearly basis are used and these models are put under observation over the years of 2009-2011. We can conclude that there are interdependencies between trade credit policy and trade debt policy and that trade credit is a source of flexible way of financing, also available in periods of crisis, which has a positive effect on the profitability of SMEs and can be utilized as a complementary and substitute source of financing to bank loans.展开更多
South Africa＇s tourism and travel industry is a key sector in its economy as well as a significant job creator. The recent global economic turmoil is threatening the tourism industry; at the same time, global experts...South Africa＇s tourism and travel industry is a key sector in its economy as well as a significant job creator. The recent global economic turmoil is threatening the tourism industry; at the same time, global experts claim that tourism may be a key to overcoming economic difficulties and play a vital role in the green new deal. The purpose of the study is to introduce a new strategic option that has become increasingly attractive for troubled businesses-barter. While the study focuses on the advantages of this concept＇s recent refinements for South Africa＇s tourism and travel industry, its findings are also applicable to other countries. A survey of small and medium-sized enterprises （SME） from Europe and Turkey, as well as graduate students at an Israeli university, demonstrate the gap between familiarity with barter processes and their advantages and the actual scale of barter transactions in the supply chain, in order to enhance the economic performance of their tourism enterprises as well as the entire economy, providing evidence for the potential of adapting old proven concepts to the modem digital world.展开更多
Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming...Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming. For a large number of SMEs, human resources, capital, technology and information are in a relatively weak position, in addition, in recent years, changes in the external environment in which small and medium enterprises are also reflected in： international trade friction increase, RMB such as the increasing appreciation of the exchange rate increase, it raises the cost of export products. Under the new situation, how to find space for development, how to implement e-commerce strategy, clutches the huge growth opportunities given the times, to keep pace with the times, in an invincible position in the competitive market environment, many small and medium enterprises become China＇ s urgent problems.展开更多
文摘The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the existence of functional relationships between the incidence of trade receivables and payables and corporate profitability; the existence of interdependencies between trade credit policy and trade debt policy; and the coexistence of interchangeable and complementary conditions between trade debts and bank loans and other sources of funding. To verify the research hypotheses, linear regression models on a yearly basis are used and these models are put under observation over the years of 2009-2011. We can conclude that there are interdependencies between trade credit policy and trade debt policy and that trade credit is a source of flexible way of financing, also available in periods of crisis, which has a positive effect on the profitability of SMEs and can be utilized as a complementary and substitute source of financing to bank loans.
文摘South Africa＇s tourism and travel industry is a key sector in its economy as well as a significant job creator. The recent global economic turmoil is threatening the tourism industry; at the same time, global experts claim that tourism may be a key to overcoming economic difficulties and play a vital role in the green new deal. The purpose of the study is to introduce a new strategic option that has become increasingly attractive for troubled businesses-barter. While the study focuses on the advantages of this concept＇s recent refinements for South Africa＇s tourism and travel industry, its findings are also applicable to other countries. A survey of small and medium-sized enterprises （SME） from Europe and Turkey, as well as graduate students at an Israeli university, demonstrate the gap between familiarity with barter processes and their advantages and the actual scale of barter transactions in the supply chain, in order to enhance the economic performance of their tourism enterprises as well as the entire economy, providing evidence for the potential of adapting old proven concepts to the modem digital world.
文摘Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming. For a large number of SMEs, human resources, capital, technology and information are in a relatively weak position, in addition, in recent years, changes in the external environment in which small and medium enterprises are also reflected in： international trade friction increase, RMB such as the increasing appreciation of the exchange rate increase, it raises the cost of export products. Under the new situation, how to find space for development, how to implement e-commerce strategy, clutches the huge growth opportunities given the times, to keep pace with the times, in an invincible position in the competitive market environment, many small and medium enterprises become China＇ s urgent problems.
