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Wyszukujesz frazę "financial constraint" wg kryterium: Temat


Wyświetlanie 1-3 z 3
Tytuł:
The role of financial constraint factors in predicting SME default
Autorzy:
Karas, Michal
Režňáková, Mária
Powiązania:
https://bibliotekanauki.pl/articles/22444291.pdf
Data publikacji:
2021
Wydawca:
Instytut Badań Gospodarczych
Tematy:
financial constraint
SMEs
default
Cox’s hazard model
Opis:
Research background: SMEs face financial constraints in their development, which limits their access to external funds, tightens their investment possibilities, and limits their growth. Much research effort has been devoted to understanding the nature and sources of this phenomenon. In sharp contrast to this, very little has been said about the role of these factors in explaining the default probability of these types of enterprises. Understanding such interrelationships could help to adopt policies to alleviate the situation of constrained SMEs and lower their default rates. Purpose of the article: This study analyses the role of financial constraint factors in SME defaults. This is done by utilising the financial constraint factors in a newly derived default prediction model. A comparison of the derived model and other SME default prediction models is carried out to assess the potential of financial constraints in the discrimination power of the model. Methods: In this study, we use the Cox semiparametric model, while leaving the baseline hazard rate unspecified and employing macroeconomic variables as explanatory variables. The discrimination power was addressed in terms of the area under the curve (AUC), resulting in out-of-sample testing. The DeLong test was used to compare the AUC of the created and analysed models. The model was estimated on a set of over 213,731 SMEs from 28 counties, covering the period 2014?2019. Findings & value added: It was found that adopting the financial constraint measures can explain the default of small and medium enterprises with high accuracy; however, they do not explain the default of micro enterprises.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2021, 16, 4; 859-883
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Discharge against medical advice at the adult accident and emergency department in a tertiary hospital of a developing nation
Autorzy:
Chinedum Ekwedigwe, Henry
Jude Edeh, Anthony
Chigozie Nevo, Anthony
Tochukwu Ekwunife, Remigius
Powiązania:
https://bibliotekanauki.pl/articles/2037503.pdf
Data publikacji:
2020-06-30
Wydawca:
Uniwersytet Rzeszowski. Wydawnictwo Uniwersytetu Rzeszowskiego
Tematy:
accident and emergency
alternative medical treatment discharge against medical advice financial constraint
National Health Insurance Scheme (NHIS)
Opis:
Introduction. The goals of health care provision include that it be accessible, acceptable, affordable and adequate. Discharge against medical advice (DAMA) is a failure of proper health care provision as there is disagreement arising from dissatisfaction with provided health care. DAMA is common in our sub-region because of many reasons; these includes ignorance, financial constraint of the patient, beliefs in unorthodox care and patients feeling that they are well when their caregivers do not think so. Aim. The objectives of this study are to determine the incidence, method of documentation of DAMA in the case notes and patients reasons for DAMA in our tertiary health institution. The A&E of any hospital in our environment attracts public criticism when there is dissatisfaction with services and DAMA when not handled well can lead to justifiable criticisms and/or litigations. Material and methods. This is a retrospective study. It was carried out at the adult accident and emergency department of Enugu state university of technology teaching hospital Enugu. Duration of the study was from January 2017 to December 2018. Results. A total of 8,152 patients were seen in the accident and emergency during this period. One hundred and seventy one (171) case notes were retrieved and reviewed for the study, DAMA rate of 2.1% was obtained. Fifty one folders (29.8%) did not have reason for the DAMA documented in them. The commonest reason for the DAMA was to seek traditional medical care with frequency of 17.5%. This was closely followed by financial constraint with 15.8%. Documentation for DAMA was done directly in the case notes. Conclusion. The incidence of DAMA from this study is similar to what is obtainable from other local studies, financial constraint on the patients and seeking alternative medical treatment were the commonest reasons for DAMA in our sub-region. Also, the documentation for the DAMA in this study was poorly done.
Źródło:
European Journal of Clinical and Experimental Medicine; 2020, 2; 88-92
2544-2406
2544-1361
Pojawia się w:
European Journal of Clinical and Experimental Medicine
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Macroprudential and Monetary Policy Rules in a Model with Collateral Constraints
Reguły polityki pieniężnej i makroostrożnościowej w modelu z ograniczeniami zastawowymi
Autorzy:
Żoch, Piotr
Powiązania:
https://bibliotekanauki.pl/articles/574342.pdf
Data publikacji:
2020-06-30
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
polityka makroostrożnościowa
ograniczenie zastawowe
frykcje finansowe
collateral constraint
financial friction
macroprudential policy
Opis:
Porównujemy dobrobyt i makroekonomiczne skutki polityki pieniężnej i makroostrożnościowej, w szczególności opartej na wskaźniku LTV (loan-to-value). Budujemy model DSGE z ograniczeniami zastawowymi i dwoma typami agentów. Za jego pomocną badamy siedem reguł polityki reagujących na stopę wzrostu kredytu i fluktuacje cen zastawu. Pokazujemy, że reguła polityki pieniężnej, która stabilizuje ceny zastawu, skutkuje najwyższym poziomem dobrobytu, a także pozwala stabilizować produkt i inflację. Polityka makroostrożnościowa używająca wskaźnika LTV jest niemal zawsze zdominowana przez politykę stopy procentowej pod względem wariancji produktu i inflacji. W przypadku niemożliwości zastosowania reguł polityki pieniężnej oddzielna polityka makroostrożnościowa pozwala osiągnąć pewne korzyści w zakresie dobrobytu, ale nie są one znaczne.
We compare the welfare and macroeconomic effects of monetary policy and macroprudential policy, in particular one targeting the loan-to-value (LTV) ratio. We develop a dynamic stochastic general equilibrium (DSGE) model with collateral constraints and two types of agents. In this set-up, we study seven potential policy rules responding to credit growth and fluctuations in the prices of collateral. We show that monetary policy responding to deviations in collateral prices from their steady-state value results in the highest level of social welfare. It is also useful in stabilising output and inflation. A macroprudential policy using the LTV ratio as the instrument is dominated in terms of output and inflation stability by interest rate rules. If interest rate rules are not available, the LTV ratio can be used to improve welfare, but the gains are small.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2020, 302, 2; 43-69
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
    Wyświetlanie 1-3 z 3

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