Role of credit guarantee for financing MSMEs

Wardhono, Adhitya; Modjo, Mohamad Ikhsan; Utami, Eka Wahyu

doi:10.4324/9780429401060-9

Cited by 9 publications

(7 citation statements)

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“…(Xu and Chen, 2007) Let truea˜=true[μa˜1−,μa˜2+true];true[va˜1−,va˜2+true] be the IVIF numbers and let interval-valued intuitionistic fuzzy weighted average (IVIFWA): Rn→R. Then, the IVIFNs can be aggregated by employing an IVIFWA operator as given in Equation (7)…”

Section: Preliminariesmentioning

confidence: 99%

“…Moreover, governments sometimes relax their credit requirements or provide loan guarantee support to firms that cannot meet loan requirements (Mu, 2011). For instance, during the 2007 global credit crunch, the Chinese government relaxed the credit conditions to encourage loan applications from firms (Wardhono et al, 2019;Wang et al, 2020). Results by Mu (2011) suggest that government credit guarantees increase firms' survival rate.…”

Section: Role Of Government In Firm Successmentioning

confidence: 99%

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Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique

Opoku‐Mensah

Yin

Asiedu-Ayeh

et al. 2021

IJOEM

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PurposeExisting studies have found that most merger and acquisition (M&A) activities do not create the intended synergy. These studies have mainly investigated how firms' internal factors contribute to M&A successes or failures. The current study differs from the earlier ones by exploring how governments' activities can contribute to the creation of acquisition synergy.Design/methodology/approachA novel technique based on multi-objective optimization by ratio analysis and complex proportional assessment method under an interval-valued intuitionistic fuzzy (IVIF) environment is proposed to prioritize these government roles needed during the M&A process focusing on the Chinese M&A market.FindingsEnactments of regulations and loan guarantees are the most important strategies to help Chinese acquirers overcome acquisition failures. While tax relief ranks third, government training support ranks fourth. Finally, the result shows that government institutional support is the least to help acquirers overcome acquisition failures.Practical implicationsThe government has a role to play in the acquisition success. Although this study has prioritized governments' role in relative importance order, the authors recommend that governments capable of providing all these strategies should do so without any specific order. However, if otherwise, governments should not neglect the strategies with less weight completely but rather consider reducing capital allocations to such strategies. Moreover, this study shows how firms with stronger business ties with government officials may enjoy success during acquisition activities. The authors recommend that firms intending to make acquisitions develop stronger ties with governments in order to benefits from governments.Originality/valueThis is the first study to develop a theoretical framework showing how government can contribute to M&A success. The study achieves this by extending Keynesian's arguments and identifies five (5) ways in which governments can ensure acquisition success. Second, within fuzzy multi-criteria decision-making (F-MCDM) research, this study is the first to show the applicability of integrated multi-objective optimization by ratio analysis (MULTIMOORA) and complex proportional assessment (COPRAS) techniques in an IVIF environment. The novel methodology proposed in this study offers an insightful research method to future studies focusing on group decision problems.

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Section: Preliminariesmentioning

confidence: 99%

Section: Role Of Government In Firm Successmentioning

confidence: 99%

Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique

Opoku‐Mensah

Yin

Asiedu-Ayeh

et al. 2021

IJOEM

View full text Add to dashboard Cite

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“…For example, the food and beverage producing industry in China have expanded take away options by up to 40% where this was first applied when times were difficult. In addition, according to data compiled by QuantumMetric, the level of urgency for online shopping increased by 8.8% in February (Sheth, 2020;Ye & Kulathunga, 2019;Wardhono et al, 2019).…”

Section: Contemporary International Relations With the Role Of The DImentioning

confidence: 99%

International Trade in the Covid-19 Outbreak: Is the Digital Economy Working?

Lestari¹,

Darma²,

Amalia³

et al. 2020

IJoBM

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This paper presents the strengthening of the digital economy which acts as a stabilizer in the trade sector during the Covid-19 outbreak. In a contactless world, most interactions between customers and employees must occur virtually. While still making exceptions to some things, operating digitally is the only way to survive restrictions on activities by the government, including in the economic sector. The instructions for switching in a digitizing pattern are nothing new, they are simply brought into sharp focus. The most recent event, the Covid-19 outbreak, has accelerated a transformation, as evidenced by the sharp strengthening in the digitizing economic sector. Based on a literature study, the conclusions explain the opportunities for the digital economy to support the trade sector which experienced inconsistencies in growth tabulations during this outbreak. Through the perspective of neoliberalism, it can be used to explain how it is related to strengthening the digital economy with the stability of international trade at macro and micro levels.

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“…While the 3 provinces with the lowest ICT are South Sumatra, Aceh, and Lampung with IP-TIK scores are 4. 81, respectively; 4.66; 4.5 in 2018 and 4.9; 4.89; 4.82 in 2019. Sustained efforts in the development of digital transformation lead to changes that will encourage consumption patterns and new socio-economic structures (Wardhono et al, 2019). The importance of development considerations arises from this, where the pressure on digital infrastructure development on developing or low-and middle-income countries to expand digital connectivity during the pandemic can ultimately lead to a decline in the quality and affordability of the internet.…”

Section: Introductionmentioning

confidence: 99%

The Role of Digital Transformation to Economic Growth in the Provinces of South Sumatra, Aceh, and Lampung

Wardhono

Yaqin

Sari

et al. 2023

mem

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The development of digital transformation is critical for innovation and surviving the crisis and being a sustainable focus. This study aims to observe the relationship between digital transformation and selected macroeconomic variables in accelerating economic growth recovery at the regional level. The data used is panel data from 2018Q1 - 2020Q4 in three Sumatra provinces, namely South Sumatra, Aceh, and Lampung. The method used is Panel Vector Autoregression (PVAR). The results of this study confirm that internet uses and investment contribute to economic growth in three Sumatra provinces. From these results is recommended that the government need to develop digital access and understanding such as internet use in the three provinces of Sumatra, namely South Sumatra, Aceh and Lampung. This is in order to maximize the potential of existing economic growth.

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Role of credit guarantee for financing MSMEs

Cited by 9 publications

References 0 publications

Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique

Exploring governments' role in mergers and acquisitions using IVIF MULTIMOORA-COPRAS technique

International Trade in the Covid-19 Outbreak: Is the Digital Economy Working?

The Role of Digital Transformation to Economic Growth in the Provinces of South Sumatra, Aceh, and Lampung

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