Small and Medium Enterprises （SMEs） play an important role in all economies and are key generators of employment, earnings, and economic growth stimulators. In Albania, small and medium enterprises represent 99.6 pe...Small and Medium Enterprises （SMEs） play an important role in all economies and are key generators of employment, earnings, and economic growth stimulators. In Albania, small and medium enterprises represent 99.6 percent of all registered business entities and are the main source in providing employment （Enhancing SME Development in Albania： A Study on Macro-Financial Soundness Indicators, 2011）. The aim of this study is to give a short description on the situation of the small and medium enterprises in Albania, giving more focus on the problem faced and the role of the Albanian government on this process. A descriptive analysis is carried out using secondary sources. This study will be a reference for any future study that will be focused on the identification and assessment of factors affecting the SME＇s performance and the examination of relationship between fmancial institutions and SMEs growth.展开更多
Cashmere is one of the world＇s rare special animal fiber and a kind of textile industry high-grade raw materials, which was praised as ／＂diamond fiber／＂or／＂soft gold／＂. China is the world＇s largest cashmere ...Cashmere is one of the world＇s rare special animal fiber and a kind of textile industry high-grade raw materials, which was praised as ／＂diamond fiber／＂or／＂soft gold／＂. China is the world＇s largest cashmere production producer, accounts for about 70% of the world＇s total output of the above; Mongolia cashmere production by about 20%, and the rest of cashmere production is in the rest of the country. Mongolia has cashmere yield about 3500-4000 tons per year on average. In terms of cashmere production and potential production capacity of Mongolia is after China ranked second, in this case the cashmere exports to the country＇s economic, the production and the welfare of the herdsmen have important significance. Mongolian cashmere producers have reason to be optimistic. In the past decade, recovered global demand offset weak domestic economic conditions and garment companies like Gobi established international beachheads. Cashmere production levels are breaking records. And government programs, international financial institutions, and domestic companies are promoting in-country value-add cashmere processing. However, the industry＇s rapid growth has degraded the average fiber quality and made the industry more susceptible to a catastrophic supply-chain shock.展开更多
The propose of ＂four new＂ economy is to undertake innovation-driven transformation of Shanghai, promote the development of strategic emerging industries and transform and upgrade of manufacturing. In the following y...The propose of ＂four new＂ economy is to undertake innovation-driven transformation of Shanghai, promote the development of strategic emerging industries and transform and upgrade of manufacturing. In the following years, Shanghai will focus on the capture of key technologies, promoting the transformation of technology, expanding market demand, improving the development of the carrier, encouraging and supporting enterprises, financial institutions and social capital to increase the investment and use of＂four new＂ economy, to promote the ＂four new＂ economy gradually grow and develop. With the ＂four new＂ economy＇s development and growth, its service model should be changed too. On the basis of theory and practice, the text proposes three forms of innovative services models and relate recommendations to promote it.展开更多
This paper firstly analyzes status and financing behavior properties of SME, pointing out that the government has the responsibility and obligation to solve the financing problems of SMEs, and then analyzes the curren...This paper firstly analyzes status and financing behavior properties of SME, pointing out that the government has the responsibility and obligation to solve the financing problems of SMEs, and then analyzes the current situation of the reasons for SME financing and financing difficulties combined with the current economic situation, and finally comes up with specific measures from the establishment of the enterprise credit system, the establishment of small and medium financial institutions, expanding financing channels, increasing government support and accelerating the pace of restructuring and other aspects to solve the financing difficulties of SMEs.展开更多
As indicated by a survey of 105 villages in 19 provinces and cities, the 2008 international financial crisis had a serious impact on migrant workers＇ employment, which is prominently manifested in their earlier retur...As indicated by a survey of 105 villages in 19 provinces and cities, the 2008 international financial crisis had a serious impact on migrant workers＇ employment, which is prominently manifested in their earlier return to their hometowns, the dismissal of 20 percent of migrant workers from their jobs and a considerable decline in their wages. Thanks to a series of policies the state adopted to ensure growth and expand consumption, migrant workers soon got re-employed. However, some deep-rooted problems surrounding the issue of migrant workers＇ empoyment came to light as a result of this crisis. These problems need to be solved on an urgent basis, though it will involve a considerable amount of hard work over an extended period of time. While this will require a combination of transitional measures and long-range strategies, the employment of migrant workers should also be incorporated as a fundamental part of the undertaking to ensure economic growth, adjusting the industrial structure, transforming the development mode and pushing forward with the reform.展开更多
This article aims at characterization and assessment of the financial behaviors of rural dwellers on non-cash payment markets and identification of factors determining the intensity of using individual methods of paym...This article aims at characterization and assessment of the financial behaviors of rural dwellers on non-cash payment markets and identification of factors determining the intensity of using individual methods of payment by the inhabitants of rural areas. The main source of data used for analysis and inference was information originating from the authors＇ own investigations conducted in 2013 on a group of 500 rural households and on a group of 150 trade and service points operating in non-urbanized areas. This work made use of statistical summary measures and Z2 independence test. According to the results of the conducted studies, forms of payment used by rural dwellers depend on many variables, of demographic, economic, and psychological character. Cash payments are more frequently used by persons possessing vocational or secondary education, elderly people, old-age pensioners, annuitants, or households with lower incomes. Also, persons who do not trust financial institutions or do not perceive benefits resulting from the use of non-cash instruments prefer cash. It is a group of households which require urgent educational activities in the area of non-cash payment instruments. A significant barrier to using non-cash payment instruments by rural dwellers was a limited access to non-cash channels. It is connected in the first place with a poorer development of financial infrastructure in rural areas （banks or cash points）, insufficient Internet access conditioning a possibility to use electronic banking points, and also a worse development of credit card acceptance network. As has been demonstrated by the results of conducted studies, the main reason for a lack of point of sale （POS） terminals in retail and service-providing points operating in rural areas, in the opinion of their owners, is the very high interchange fee （50% indications）, which under Polish conditions is one of the highest in the European Union （EU）.展开更多
Global financial crises might and should be recognized as a potential chance to introduce changes in managing our business, both in financial and other important private and/or public sectors. The prevailing opinion i...Global financial crises might and should be recognized as a potential chance to introduce changes in managing our business, both in financial and other important private and/or public sectors. The prevailing opinion is that a lack of corporative social responsibility is one of the major reasons that lead to global crises occurrence. Nowadays, it is crucial to use the experiences of other industries and sectors which from their very beginning managed to balance finance and social goals at the same time. Microfinance sector is exactly one such sector. This paper is organized as follows： First, we give some overview of different approaches to measuring social performance of microfinance institutions. In this part of the paper we also accent the specifics of microfinance institutions-management within the context of double bottom line. In the second part we focus our analysis on practical implementation of ＂double bottom line management in Prizma MCO, one of the world pioneers in social performance management, by using their revolutionary poverty scorecard system. Then, we analyze how these social performance data are used in decision-making and how it affects overall performance of the organization. The paper is finished with some conclusions and lessons learned.展开更多
After building a dynamic evolutionary game model, the essay studies the stability of the equilibrium in the game between the commercial banks and the closed-loop supply chain(CLSC) enterprises. By design of systematic...After building a dynamic evolutionary game model, the essay studies the stability of the equilibrium in the game between the commercial banks and the closed-loop supply chain(CLSC) enterprises. By design of systematic mechanism based on system dynamics theory, capital chains of independent small and medium-sized enterprises(SMEs) on CLSC are organically linked together. Moreover, a comparative simulation is studied for the previous independent and post-design dependent systems. The study shows that with business expanding and market risk growing, the independent finance chains of SMEs on CLSC often take on a certain vulnerability, while the SMEs closed-loop supply chain finance system itself is with a strong rigidity and concerto.展开更多
文摘Small and Medium Enterprises （SMEs） play an important role in all economies and are key generators of employment, earnings, and economic growth stimulators. In Albania, small and medium enterprises represent 99.6 percent of all registered business entities and are the main source in providing employment （Enhancing SME Development in Albania： A Study on Macro-Financial Soundness Indicators, 2011）. The aim of this study is to give a short description on the situation of the small and medium enterprises in Albania, giving more focus on the problem faced and the role of the Albanian government on this process. A descriptive analysis is carried out using secondary sources. This study will be a reference for any future study that will be focused on the identification and assessment of factors affecting the SME＇s performance and the examination of relationship between fmancial institutions and SMEs growth.
文摘Cashmere is one of the world＇s rare special animal fiber and a kind of textile industry high-grade raw materials, which was praised as ／＂diamond fiber／＂or／＂soft gold／＂. China is the world＇s largest cashmere production producer, accounts for about 70% of the world＇s total output of the above; Mongolia cashmere production by about 20%, and the rest of cashmere production is in the rest of the country. Mongolia has cashmere yield about 3500-4000 tons per year on average. In terms of cashmere production and potential production capacity of Mongolia is after China ranked second, in this case the cashmere exports to the country＇s economic, the production and the welfare of the herdsmen have important significance. Mongolian cashmere producers have reason to be optimistic. In the past decade, recovered global demand offset weak domestic economic conditions and garment companies like Gobi established international beachheads. Cashmere production levels are breaking records. And government programs, international financial institutions, and domestic companies are promoting in-country value-add cashmere processing. However, the industry＇s rapid growth has degraded the average fiber quality and made the industry more susceptible to a catastrophic supply-chain shock.
文摘The propose of ＂four new＂ economy is to undertake innovation-driven transformation of Shanghai, promote the development of strategic emerging industries and transform and upgrade of manufacturing. In the following years, Shanghai will focus on the capture of key technologies, promoting the transformation of technology, expanding market demand, improving the development of the carrier, encouraging and supporting enterprises, financial institutions and social capital to increase the investment and use of＂four new＂ economy, to promote the ＂four new＂ economy gradually grow and develop. With the ＂four new＂ economy＇s development and growth, its service model should be changed too. On the basis of theory and practice, the text proposes three forms of innovative services models and relate recommendations to promote it.
文摘This paper firstly analyzes status and financing behavior properties of SME, pointing out that the government has the responsibility and obligation to solve the financing problems of SMEs, and then analyzes the current situation of the reasons for SME financing and financing difficulties combined with the current economic situation, and finally comes up with specific measures from the establishment of the enterprise credit system, the establishment of small and medium financial institutions, expanding financing channels, increasing government support and accelerating the pace of restructuring and other aspects to solve the financing difficulties of SMEs.
文摘As indicated by a survey of 105 villages in 19 provinces and cities, the 2008 international financial crisis had a serious impact on migrant workers＇ employment, which is prominently manifested in their earlier return to their hometowns, the dismissal of 20 percent of migrant workers from their jobs and a considerable decline in their wages. Thanks to a series of policies the state adopted to ensure growth and expand consumption, migrant workers soon got re-employed. However, some deep-rooted problems surrounding the issue of migrant workers＇ empoyment came to light as a result of this crisis. These problems need to be solved on an urgent basis, though it will involve a considerable amount of hard work over an extended period of time. While this will require a combination of transitional measures and long-range strategies, the employment of migrant workers should also be incorporated as a fundamental part of the undertaking to ensure economic growth, adjusting the industrial structure, transforming the development mode and pushing forward with the reform.
文摘This article aims at characterization and assessment of the financial behaviors of rural dwellers on non-cash payment markets and identification of factors determining the intensity of using individual methods of payment by the inhabitants of rural areas. The main source of data used for analysis and inference was information originating from the authors＇ own investigations conducted in 2013 on a group of 500 rural households and on a group of 150 trade and service points operating in non-urbanized areas. This work made use of statistical summary measures and Z2 independence test. According to the results of the conducted studies, forms of payment used by rural dwellers depend on many variables, of demographic, economic, and psychological character. Cash payments are more frequently used by persons possessing vocational or secondary education, elderly people, old-age pensioners, annuitants, or households with lower incomes. Also, persons who do not trust financial institutions or do not perceive benefits resulting from the use of non-cash instruments prefer cash. It is a group of households which require urgent educational activities in the area of non-cash payment instruments. A significant barrier to using non-cash payment instruments by rural dwellers was a limited access to non-cash channels. It is connected in the first place with a poorer development of financial infrastructure in rural areas （banks or cash points）, insufficient Internet access conditioning a possibility to use electronic banking points, and also a worse development of credit card acceptance network. As has been demonstrated by the results of conducted studies, the main reason for a lack of point of sale （POS） terminals in retail and service-providing points operating in rural areas, in the opinion of their owners, is the very high interchange fee （50% indications）, which under Polish conditions is one of the highest in the European Union （EU）.
文摘Global financial crises might and should be recognized as a potential chance to introduce changes in managing our business, both in financial and other important private and/or public sectors. The prevailing opinion is that a lack of corporative social responsibility is one of the major reasons that lead to global crises occurrence. Nowadays, it is crucial to use the experiences of other industries and sectors which from their very beginning managed to balance finance and social goals at the same time. Microfinance sector is exactly one such sector. This paper is organized as follows： First, we give some overview of different approaches to measuring social performance of microfinance institutions. In this part of the paper we also accent the specifics of microfinance institutions-management within the context of double bottom line. In the second part we focus our analysis on practical implementation of ＂double bottom line management in Prizma MCO, one of the world pioneers in social performance management, by using their revolutionary poverty scorecard system. Then, we analyze how these social performance data are used in decision-making and how it affects overall performance of the organization. The paper is finished with some conclusions and lessons learned.
基金the Natural Science Research Fund of Hubei Province(No.2014BDH121)
文摘After building a dynamic evolutionary game model, the essay studies the stability of the equilibrium in the game between the commercial banks and the closed-loop supply chain(CLSC) enterprises. By design of systematic mechanism based on system dynamics theory, capital chains of independent small and medium-sized enterprises(SMEs) on CLSC are organically linked together. Moreover, a comparative simulation is studied for the previous independent and post-design dependent systems. The study shows that with business expanding and market risk growing, the independent finance chains of SMEs on CLSC often take on a certain vulnerability, while the SMEs closed-loop supply chain finance system itself is with a strong rigidity and concerto.
