scholarly journals Co-Created Values in Crowdfunding for Sustainable Development of Enterprises

2021 ◽  
Vol 13 (16) ◽  
pp. 8767
Author(s):  
Maria Kukurba ◽  
Aneta Ewa Waszkiewicz ◽  
Mariusz Salwin ◽  
Andrzej Kraslawski
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Value ◽  
Value Added ◽  
Point Of View ◽  
Added Value ◽  
Value Analysis ◽  
Company Value ◽  
Theory Of Value ◽  
Medium Enterprises ◽  
The Impact

Crowdfunding (CF) is considered to be an innovative source of funding, and research into its effects on CF participants is being conducted from many different angles. In our article, we propose a qualitative analysis of CF’s impact on creating added value for small and medium enterprises (SMEs). This paper is a conceptual study based on the theory of value co-creation, the Norton–Kaplan value model, and the concept of economic value added (EVA) to identify the areas (perspectives) of business activity where crowdfunding may stimulate the growth of company value. Based on the map of co-relations in crowdfunding that we have created, we propose a new model of crowdfunding value analysis from the entrepreneur’s point of view. Our research demonstrates that crowdfunding not only presents an alternative financing option, but also affects all perspectives relevant to value creation. As compared to the existing literature, this analysis is the most comprehensive take on the importance of crowdfunding for increasing the value of small and medium enterprises to date, thus offering a material contribution to the fuller understanding of crowdfunding from the financial standpoint, as well as pointing to the importance of crowdfunding as a financing method influencing sustainable decision-making by small and medium enterprises (SMEs). The added value of the study is the proposed method of analysing the impact of CF on the value of enterprises by using the Norton–Kaplan model and EVA.

scholarly journals FINANCIAL POLICY STRATEGY IN INCREASING ECONOMIC VALUE ADDED ON MSMES IN MEDAN CITY

2021 ◽  
Vol 1 (2) ◽  
pp. 399-416
Author(s):  
Sugiharto Sugiharto ◽  
Linda Tripure Maas ◽  
Isfenti Sadalia ◽  
Irada Sinta
Keyword(s):  
Initial Public Offering ◽  
Stock Exchange ◽  
Small And Medium Enterprises ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Economic Value Added ◽  
Creative Products ◽  
Medium Enterprises ◽  
North Sumatra

The global Covid-19 pandemic certainly has an impact on various sectors, especially in the economic sector and of course also has a significant impact on tourism, the trade sector, industry including Micro, Small and Medium Enterprises (MSMEs) in Indonesia. Creative products have great potential to be able to deliver the city that has the industry into an advanced and independent creative economy city. The use of information technology for business resource management for creative products is still under-attentioned, which in turn has administrative, financial, process, and access to banking and financial institutions weaknesses. This study aims to formulate a strategy to increase added value for the MSME sector of North Sumatra Province, namely the Economic Value-Added method and implement efforts to cooperate with the Indonesia Stock Exchange through the mechanism of acceleration boards and Initial Public Offering (IPO) to obtain long-term financing facilities and introduce MSME business unit to the wider community into a medium-class public company. This scientific research also aims to provide recommendations for sustainable strategies for the MSME sector, especially in the province of North Sumatra in running a business amidst the Covid-19 pandemic. This type of research is qualitative research using a mix method by conducting interviews with the target population, namely 200 Micro, Small and Medium Enterprises spread in North Sumatra Province and formulating a model for increasing MSME productivity with the introduction of the acceleration board method and collaborating with the Indonesia Stock Exchange in the coaching process. In this study, a focus group discussion will be held by inviting local officials from related offices of North Sumatra province and academics to provide input in completing the strategy development model for increasing MSME productivity by focusing on the Economic value-added method. The outputs of this research are publications of reputable international journals, international proceedings, and reference books for ISBN certified research results with TKT level 3.

scholarly journals Pemanfaatan Buah Nanas Lewat Matang Melalui Substrat Nata De Pina di Provinsi Lampung

2019 ◽  
Author(s):  
Maulana Daffa 'Athaullah Yahya
Keyword(s):  
Research Method ◽  
Small And Medium Enterprises ◽  
Economic Value ◽  
The People ◽  
Processed Products ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
The Impact

Lampung City is a city that has abundant pineapple yields. However, most fruits that did not meet the standards, such as fruit that fell from the tree or known as pineapple rejected. Fruits that do not meet the sales standard have a very low economic value and are only thrown into waste. This study aims to increase the economic value of this pineapple with the intention of becoming a substrate of nata de pina. Pineapple has a fairly high content and is approved as a substrate for making nata. The research method used is qualitative, namely by explaining the steps of making pineapple as a nata de pina substrate. The Innovation of Small and Medium Enterprises in Lampung City in making processed pineapple products has made a major contribution to the people of Lampung City, especially pineapple farmers. Farmers who used to only sell raw pineapple at affordable prices are now increasing their income because they sell high-priced processed products. The people also enjoy the impact of the presence of nata de pina, because nata de pina is often added to desserts to add sweetness. This research makes reference for small and medium businesses in developing pineapple processed products.

scholarly journals The cost management approaches in trade industry

2019 ◽  
Vol 3 (3) ◽  
pp. 35-43
Author(s):  
Iryna Kvach
Keyword(s):  
Positive Impact ◽  
Cost Management ◽  
Unit Cost ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Activity Based Costing ◽  
The People ◽  
Management Approaches ◽  
The Impact

Introduction. The current state of financial and economic government institutions negatively affects  Ukrainian budget execution, and the general trend of deterioration in the standard of living of the people, in general leads to low level of functioning of the enterprise and  their competitiveness, especially in such industry as trade. Aims and tasks. In the conditions of an unstable political and economic situation in commodity market and services to overcome disproportions between operating profit  of some commodity groups of trade enterprise and its added value which indicates depreciation of the capital  invested by owners not only doesn't provide compensation of investments, but also leads to losses because of inflationary processes therefore there is a need for the mutual integration of approaches of management of expenses for assessment. Results. The practical value of application of a method of Activity-based costing (ABC) and Economic Value Added (EVA) in management of expenses not only in creation of a system of accounting of expenses, but also and predictions through new approaches for the analysis for identification of unproductive fields of activity in value creation of a product is proved, including positively influences the growth of business activity for trade enterprises. In the field of innovative approaches the balanced system of indexes (BSI) and EVA methods harmoniously are integrated in processes of costs planning, management of them at the level of departments and in general are distributed among operation processes to responsible persons, which has a positive impact on maximizing capital cost of the enterprise. Conclusions. Application of methods of cost management as uniform system provides chance to distribute expenses on commodity groups and to define  goods which create added value gives the chance to settle the impact of minimum change of influence of a factor  on commodity turnover level due to decrease of unit  cost in life cycle of a product through the analysis of a point of profitability for increase in investment attractiveness.

scholarly journals Exploring the Impact of Inflation and External Debt on Economic Growth in Morocco: An Empirical Investigation with an ARDL Approach

2021 ◽  
Vol 11 (11) ◽  
pp. 894-907
Author(s):  
Sara EL ABOUDI ◽  
Imad KHANCHAOUI
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Economic Activity ◽  
Small And Medium Enterprises ◽  
External Debt ◽  
Added Value ◽  
Economic Competitiveness ◽  
Negative Effect ◽  
Medium Enterprises ◽  
The Impact

This article seeks to empirically assess the effect of inflation and external debt on economic growth in Morocco. The estimates cover the period from 1985 to 2019. The results from the ARDL model show that external debt negatively influences the country's growth in the short and long terms. Due to its direct effect, inflation slows down economic activity and leads to lower GDP growth. The econometric estimate indicates that the low level of inflation leads to difficulties in repaying debt and, consequently, reduced economic growth. Low inflation also hurts economic competitiveness among small and medium enterprises (SMEs). Although the inflation rate is lower than the interest rates, it reduces the profit margins of companies and leads to lower investment. The negative effect on economic competitiveness leads to decreased sectoral added value, reducing future economic growth rates. Based on the results, two main measures are proposed to mitigate the negative effect of inflation and debt on economic growth. First, we must develop better institutional and governance quality. The latter allows debt funds to be well spent on non-rent-producing sectors capable of reviving the Moroccan economy. Second, we have to look for good inflation, in other words, inflation that stimulates economic activity without creating economic distortions.

scholarly journals The impact of corporate governance on firm competitiveness and performance of small and medium enterprises in South Africa: A case of small and medium enterprises in Vanderbijlpark

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Progress Hove-Sibanda ◽  
Kin Sibanda ◽  
David Pooe
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
Emerging Markets ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
The Body ◽  
Theory And Practice ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

Orientation: Corporate governance adoption and compliance are an issue augmenting in importance recently and have been extended to business enterprises of any size including small and medium enterprises (SMEs).Research purpose: This study seeks to examine the impact of corporate governance adoption on the firm competitiveness and performance of SMEs in Vanderbijlpark.Research design, approach and method: The study employs a cross-sectional research design, which employed quantitative methods. One hundred fifty-two SME owners or managers were selected from Vanderbijlpark in Gauteng, South Africa. The collected data were analysed using a structural equation modelling system by using Smart PLS software.Main findings: The principal findings of this study revealed that the implementation of corporate governance by SMEs significantly and positively affected their competitiveness and performance.Practical and managerial implications: The paper provided practical implications and made some recommendations.Contribution or value-added: This article bridges the gap between theory and practice because it has both an economic and commercial impact in practice. It can be used in influencing public policy, teaching and research (because it contributes to the body of knowledge, particularly regarding SME corporate governance in emerging markets). An important aspect of this article is that it gives a framework for additional similar studies in other locations within emerging markets to test the generalisability of the findings. For teaching purposes, it provides a template for how to assess the link that exists between corporate governance and SME performance. Lastly, the article gives a unique empirical analysis of the relationship that exists between corporate governance compliance and performance of firms in South Africa, and thereby giving a valid contribution to corporate governance literature.

scholarly journals COVID-19 and Indian Economy: Impact on Growth, Manufacturing, Trade and MSME Sector

2020 ◽  
Vol 21 (5) ◽  
pp. 1159-1183 ◽  
Author(s):  
Pravakar Sahoo ◽  
Ashwani
Keyword(s):  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Capacity Utilization ◽  
Value Added ◽  
Case Scenario ◽  
Worst Case ◽  
Indian Economy ◽  
Manufacturing Trade ◽  
Medium Enterprises ◽  
The Impact

The study aims to make an assessment of COVID-19 on Indian economy by analysing its impact on growth, manufacturing, trade and micro, small and medium enterprises (MSME) sector, and highlights key policy measures to control the possible fallout in the economy. The impact of the pandemic across sectors and in different scenarios of complete, extended and partial lockdown, and at different levels of capacity utilization is massive on the Indian economy. India’s economy may barely manage to have a positive growth of 0.5 per cent in an optimistic scenario but also faces the possibility of a 3–7 per cent negative growth in worst case scenarios for the calendar year 2020. The impact is severe on trade, manufacturing and MSME sectors. The likely impact (deceleration) of COVID-19 from best case scenario to worst scenario are as follows: manufacturing sector may shrink from 5.5 to 20 per cent, exports from 13.7 to 20.8 per cent, imports from 17.3 to 25 per cent and MSME net value added (NVA) from 2.1 to 5.7 per cent in 2020 over previous year. The economy is heading towards a recession and the situation demands systematic, well targeted and aggressive fiscal-monetary stimulus measures.

scholarly journals PENENTUAN PENERAPAN PRODUKSI BERSIH TERBAIK DI UKM KUE SERABI “APEN JULIT GETTAS” KARANGANYAR-SUMENEP DAN ANALISIS NILAI TAMBAHNYA [Determination of the Best Application for Clean Production in the SME of Pancake "Apen Julit Gettas" Karanganyar-Sumenep and Its Value Added Analysis]

2019 ◽  
Vol 24 (1) ◽  
pp. 31
Author(s):  
Yuni Dwi Prastika ◽  
Millatul Ulya ◽  
Mohammad Fuad Fauzul Mu'tamar
Keyword(s):  
Animal Feed ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Organic Fertilizers ◽  
Added Value ◽  
Comparative Performance ◽  
Clean Production ◽  
Pulp Industry ◽  
A Value ◽  
Medium Enterprises

Small and Medium Enterprises (SME) such as the processing of pancakes "Apen Julit Gettas" in Sumenep Regency need to be studied in terms of implementing clean production, because the waste produced is quite large. There are 4 alternative businesses that can be applied for clean production, that are producing animal feed, nata de coco, briquettes, and organic fertilizers. The purpose of this study was to determine the best alternative that would be used for the application of clean production in SME "Apen Julit Gettas" and analyze the added value of the best alternative. The method used to determine the best alternative was the Comparative Performance Index (CPI) and the best alternative value-added analysis using the Hayami method. The best alternative to implementing clean production was processing coconut pulp into animal feed with a value of 285.55. After analyzing added value for coconut pulp industry, the net added value received by the company was Rp. 4,078.64.00/kg with a profit percentage of 53.17%.

scholarly journals Innovative management accounting practices for sustainability of manufacturing small and medium enterprises

2021 ◽  
Author(s):  
S. N. Nartey ◽  
H. M. van der Poll
Keyword(s):  
Product Life Cycle ◽  
Small And Medium Enterprises ◽  
Management Accounting ◽  
Data Gathering ◽  
Secondary Data ◽  
Total Quality ◽  
Value Analysis ◽  
Innovative Management ◽  
Medium Enterprises ◽  
The Impact

AbstractThe environment in which manufacturing small and medium enterprises operate has become very complex, and therefore manufacturing SME’s owners need to be aware of the impact their decisions have on the environment and society. The aim of the research was to identify which innovative management accounting practices can be integrated into manufacturing SMEs’ strategies to overcome the challenge of being blamed by stakeholders as contributors to social and environmental problems. Published articles were sourced from the University of South Africa’s online library using keywords. A systematic literature review was employed to discover themes and concepts during secondary data gathering to detect traditional and innovative MAPs in management accounting literature all over the globe. The qualitative data analysis and research software, Atlas.ti was used to synthesise the data. Thematic analysis was used to evaluate the occurrence of words, phrases, themes, metaphors, and the construction of concepts in MAPs literature. During the analysis, seven innovative MAPs (activity base costing/budgeting; product life cycle costing; total quality management; environmental costing; target costing; kaizen costing and value analysis) were identified. It is recommended that manufacturing SMEs integrate these innovative MAPs into their strategies to impact their environmental, social, supply chain management and recycling policies to promote operational efficiency to achieve sustainability. Further research to identify influencing factors; strategic procedures; and the environmental and social benefits of integrating these identified innovative MAPs into manufacturing SMEs to achieve sustainability, should be undertaken.

IMPLEMENTASI TIME DRIVEN ACTIVITY BASED COSTING (TDABC) PADA USAHA KECIL MENENGAH (UKM) TAPE HANDAYANI 82 BONDOWOSO

2015 ◽  
Vol 11 (2) ◽  
pp. 1
Author(s):  
Deni Oktavia
Keyword(s):  
Qualitative Research ◽  
Time Management ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Added Value ◽  
Accurate Information ◽  
Activity Based Costing ◽  
Object Of Study ◽  
Medium Enterprises ◽  
Idle Capacity

Firms need to assess the competitive advantage by determining the strategic advantages. TDABC is an instrument to achieve operational improvements in practice, reducing non value added activities and merge similar activities into one place. The objectives of this research is to calculate using the time driven activity based costing ( TDABC ) method on Tape Handayani 82 Small and Medium Enterprises ( SMEs ) in Bondowoso Regency. This study is a qualitative research. Design of qualitative methods is general, flexible, and thrives in the process of research. Researchers involve directly in order obtaining as much information. One focus of qualitative research is a phenomenon that can only be explained and cannot be measured, and the phenomenon observed by researchers in the field. Object of study is the Tape Handayani 82 SME that engaged in tape industry. Selections of the research object because tape is typical of the Bondowoso. Tape has relatively high market share, but in efficiency of time management, activities undertaken, not in accordance with time -driven activity-based costing concepts. Data collection methods used in this qualitative approach. This step is done by directly observe and conduct interviews with employer and owner who do day-to- day business activities especially financial. Recognition of cost of tape products show too low. As for the fuel smoked tape, tape, dodol and suwar suwir show the company recognize higher. Calculations with TDABC provide more accurate information related to the consumption cost. The result can be used to revise cost product. Added analysis of the activities does by identifying, preparing and evaluating activities description. The analysis identifies what activities are done, how many people who carry out these activities, the time and resources necessary to do the activity. TDABC analysis indicates that Tape 82 Handayani is not efficient yet. 70 % is still idle capacity so it is necessary to create added value activity. Idle capacity led to increased costs or consumes resources costs that are not necessary. Keywords: TDABC, activity, poduct cost, tape

scholarly journals Analysis of The Influence of Islamic Income Ratio, Total Comprehensive Income, and NPF on Company Value with Profitability as Moderating Variables in Sharia Commercial Banks in Indonesia 2015-2019

2021 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Alfi Saidah ◽  
Anton Bawono
Keyword(s):  
Financial Services ◽  
Commercial Banks ◽  
Economic Value ◽  
Value Added ◽  
Added Value ◽  
Company Performance ◽  
Moderating Variables ◽  
Company Value ◽  
Income Ratio ◽  
Positive Effect

<em>Economic Value Added </em>is an approach to assessing company performance, with the aim that the company's ability to create added value can influence investors who will invest in the company. The concept used in this approach is to pay attention to the funders in terms of expectations, interests, and degrees of justice as measured by weighted measures and the existing initial capital structure. The population in this study are Islamic Commercial Banks registered with the Financial Services Authority, totaling 11 Islamic Banks. In selecting the sample the method used is purposive sampling with the criteria that the author has set. The collection method in this study was carried out by looking at the annual financial statements of each Islamic bank registered with the Financial Services Authority. Based on the results of the moderation regression test, the results showed that IIR, TCI, NPF had no significant positive effect on EVA. ROA is not able to moderate IIR against EVA. ROA is not able to moderate TCI against EVA. ROA is not able to moderate NPF against EVA.

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