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Financial Management Importance for Financial Managers in Financial World in the Era of Globalization
Issue:
Volume 9, Issue 5, October 2021
Pages:
174-177
Received:
1 August 2021
Accepted:
6 September 2021
Published:
27 September 2021
Abstract: In Financial management we cover all the aspects to cover the financial position. The basic purpose is that provide the full information to the management regarding the liquidity position of the Business, with the help of financial management provide the total turnover of the Business operation. Financial management provides the route how to main the good financial position of the Business. The basic function of financial management is to give the path to how to maintain material management. With the help of materiel management we can manage the total equation of material management. The financial management is the basic source of knowledge how to. Maintain the best material management. Just in system is very important in the manufacturing companies, financial management provide the road map how to implement the just in system. Financial management is the key of success for every Business man, who are engage in the financial activities on the massive level. Corporate culture is possible only with financial management. Financial management is the very beneficial for the all section of life.
Abstract: In Financial management we cover all the aspects to cover the financial position. The basic purpose is that provide the full information to the management regarding the liquidity position of the Business, with the help of financial management provide the total turnover of the Business operation. Financial management provides the route how to main t...
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COVID-19 Pandemic: Stock Markets Reaction to the Mortality Rates and Lockdown Policies
Issue:
Volume 9, Issue 5, October 2021
Pages:
178-182
Received:
8 September 2021
Accepted:
26 September 2021
Published:
29 September 2021
Abstract: The coronavirus (COVID-19) pandemic is disrupting the world as we knew it, with a heavy toll on economic activities and the structure of politics. Governments, media websites, and research institutions update information about the changes in the COVID-19 epidemic every day. The most intuitive information may be the changes in the number of confirmed cases and deaths, which shape investors’ sentiments and confidence in the financial markets. The goal of this study is to investigate the impact of new mortality rates of COVID-19 on the UK and US stock markets over the period January 1 – September 30, 2020. We employed a simple regression model to examine whether new mortality rates contain information beyond the lagged market volatility. By constructing a lockdown dummy variable, we further control for the impact of government lockdown policies on market volatility in our model. Our findings show that new mortality rates caused by COVID-19 pandemic have significant positive impact on volatility of the UK and the US stock markets. We also find that the implementation of lockdown policies provided by the governments reduced the effects of new mortality rates on stock market volatility. In addition, our results are robust to other measurements of volatility. Together our findings suggest that new mortality rates do matter for stock market volatility of these two markets, and lockdown policies mitigate market volatile caused by new mortality rates.
Abstract: The coronavirus (COVID-19) pandemic is disrupting the world as we knew it, with a heavy toll on economic activities and the structure of politics. Governments, media websites, and research institutions update information about the changes in the COVID-19 epidemic every day. The most intuitive information may be the changes in the number of confirme...
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Entrepreneurship Education Impact on Self-employment Intention: Case of University Students in Ethiopia
Belay Kinati Debelo,
B. Mohan Venkata Ram
Issue:
Volume 9, Issue 5, October 2021
Pages:
183-192
Received:
21 April 2021
Accepted:
17 September 2021
Published:
5 October 2021
Abstract: Entrepreneurship is learned as a course in most universities or colleges across the globe, and Ethiopia is not an exceptional. It is taught to provide students an entrepreneurial skills and knowledge so that they could identify business opportunities, find and gather resources and set up a business to mention a few. However, the impact entrepreneurship education has on university students’ self-employment intention been unclear. The study targeted 2016 graduating class students of Mettu University and Jimma University, Faculty/College of Engineering and Technology, and Business and Economics. To address the issue, primary data were collected from both entrepreneurship students (students who had taken entrepreneurship course- 316 students) and non-entrepreneurship students (students who did not yet take the course-185 students). Having collected data from 501 students, comparison between entrepreneurship and non-entrepreneurship students concerning attitudes towards self-employment, perceived behavior control and self-employment intention were done. In addition, using multiple regressions, impact of attitude, subjective norms and perceived behavior control on self-employment intention also done. Results indicated that participating in an entrepreneurship course or education influence university students’ attitude towards self-employment and self-employment intention. But, it has failed to have an effect on the students’ entrepreneurial skill aspects, indicating that skill components of the entrepreneurship course need to be emphasized in Ethiopian higher learning institutions in order to enable students transform their business idea into reality. Thus, entrepreneurship curriculum needs to be reviewed, and the course should be taught by professionals, university-industry linkage initiatives should be given greater attention and experienced entrepreneurs should be invited to class or workshop in order to impart their experiences to students.
Abstract: Entrepreneurship is learned as a course in most universities or colleges across the globe, and Ethiopia is not an exceptional. It is taught to provide students an entrepreneurial skills and knowledge so that they could identify business opportunities, find and gather resources and set up a business to mention a few. However, the impact entrepreneur...
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In Depth Analysis of Chinese Government Guided Funds: Based on the Comparison of Scottish Co-investment Fund
Issue:
Volume 9, Issue 5, October 2021
Pages:
193-202
Received:
26 September 2021
Accepted:
15 October 2021
Published:
21 October 2021
Abstract: As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the investment and financing activities of the venture capital industry, expanded the capital supply and investment of the industry, and played a better guiding effect on social capital. However, in recent years, while the new government guidance fund in China has cooled down year by year, there is a problem of insufficient actual investment of a large number of government funds. Behind it reflects many difficulties and contradictions in the actual operation of the guidance fund, which directly leads to the dormancy of some guidance funds and fails to give effective play to the guidance efficiency and support industrial development. In contrast, the Scottish joint investment fund has better solved the above problems in terms of public finance objectives and financial performance objectives, and its operation mode is worthy of our government's guidance fund for reference. By comparing the operation mode of Scottish joint investment fund, this paper puts forward that China should improve the contribution proportion of guidance fund by combining regional industrial advantages; Appropriately relax regional restrictions, broaden fund exit channels and other optimization strategies, and promote the government to guide the healthy operation of funds and the high-quality development of regional economy.
Abstract: As the main policy tool of our government to promote entrepreneurship and innovation and support the development of scientific and technological small and medium-sized enterprises, it has been nearly 15 years since the large-scale implementation in 2008. The introduction and implementation of the guiding fund policy has significantly activated the ...
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Economic Policy Uncertainty and Enterprise Earnings Information Content: Evidence from China
Du Guoliang,
Du Xunliang,
Lin Wen
Issue:
Volume 9, Issue 5, October 2021
Pages:
203-209
Received:
9 September 2021
Accepted:
19 October 2021
Published:
29 October 2021
Abstract: Earnings information as a key factor affecting investors' decisions, has attracted much attention from scholars in recent years. Based on the data of A-share listed companies from 2002 to 2019, this paper examines the impact of economic policy uncertainty on earnings information content of enterprises through multiple linear regression, empirical results show that: 1. the benchmark results show that the uncertainty of economic policy significantly improves the earnings information content of enterprises. The above conclusions still hold after changing the uncertainty index of economic policy, carrying out the lag and lag treatment during the uncertainty of economic policy, and carrying out the robustness test by changing the measure method; 2. mechanism studies show that enterprises are more likely to attract investors' attention under uncertain environment, and the "supervision" pressure from investors forces enterprises to reduce earnings management and increase information disclosure, thus enhancing investors' trust in corporate earnings; 3. the expansion study found that the more high-quality accounting information, so as to establish a good corporate reputation among investors. The research conclusion not only expands the existing literature on the impact of economic policy uncertainty on the content of corporate earnings information, but also provides a new perspective and new empirical evidence for understanding whether and how the uncertainty of economic policy will affect the content of corporate earnings information, and has a certain practical significance.
Abstract: Earnings information as a key factor affecting investors' decisions, has attracted much attention from scholars in recent years. Based on the data of A-share listed companies from 2002 to 2019, this paper examines the impact of economic policy uncertainty on earnings information content of enterprises through multiple linear regression, empirical r...
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New Thinking of Wealth Management Under Civil Code Implementation - Based on Family Risk Identification and Legal Protection
Issue:
Volume 9, Issue 5, October 2021
Pages:
210-214
Received:
28 September 2021
Accepted:
21 October 2021
Published:
29 October 2021
Abstract: With the development of economy, the prosperity of the country, the increase of income and the prosperity of people's life, family wealth management has gradually become a part of life. Good household wealth management can not only maintain and increase wealth, but also avoid or reduce the risk of sudden wealth. In order to understand the impact of the estate administrator system on the inheritance of wealth, to eliminate the troubles of Chinese-style wealth inheritance and study the path of wealth inheritance. On May 28, 2020, the first new legal code of China was born -- the Civil Code. As a law most closely related to each individual, the draft Civil Code is the first draft law named after the code since the founding of the People's Republic of China. It is a basic standard of civil law. Based on the Civil Code, this paper considers the following three issues: the impact of the estate administrator system on the inheritance of wealth; How to support children's wealth skillfully under the new Civil Code; Marital debt system and household and enterprise debt segregation scheme. This paper introduces a new strategy of debt isolation to protect family wealth, and skillfully isolates debts through prudent use of guarantee, clever use of assets and financial assets, etc.
Abstract: With the development of economy, the prosperity of the country, the increase of income and the prosperity of people's life, family wealth management has gradually become a part of life. Good household wealth management can not only maintain and increase wealth, but also avoid or reduce the risk of sudden wealth. In order to understand the impact of...
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Analysis on Impasses in International Business Negotiations
Issue:
Volume 9, Issue 5, October 2021
Pages:
215-220
Received:
8 October 2021
Accepted:
30 October 2021
Published:
5 November 2021
Abstract: During international business negotiations, the stakeholders of business activities in different countries or regions negotiate the various elements of a transaction for the purpose of economic interests or in order to complete a transaction. International business negotiations are very important in international business activities which are means to solve the conflict of interests and achieve common interests among the subjects of business activities of different countries. Impasses always appear in all phases of international business negotiations, which directly determines the success of negotiations. The paper focuses on Categories of Impasses, Causes of the Impasse, Principles for Avoiding the Impasse, Approaches to Deal with the Potential Impasse, The Golden Opportunities for Dealing with the Impasse, and Ways of Breaking the Impasse to deal with impasses of international business negotiations during all procedures to fulfill the anticipated objectives. Causes of impasse, as Divergent Objectives, One Party Has All the Say in the Negotiation, Be Overly Silent and Be Slow in Reacting, Extreme Sentiment, Negotiators Who Have Low Quality, Barrier to Information Communication, Use Both Hard and Soft Tactics to Procrastinate, A Change in the External Environment; and Approaches to Deal with the Potential Impasse as, First partial approval, then total negation, Repeat the counterpart’s opinion first, then weaken it, Persuade the other party with their own opinions, Impel the other party to make self-denial by raising questions,. Persuade the other party by standing on their side, Generalize and summarize, Induce the other party by asking back, Humor, Present a gift properly, Outside communication are analysed in details to provide guidance to the negotiators.
Abstract: During international business negotiations, the stakeholders of business activities in different countries or regions negotiate the various elements of a transaction for the purpose of economic interests or in order to complete a transaction. International business negotiations are very important in international business activities which are means...
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