Start-up for sustainable growth in Bulgaria

Blagoev, Dimitar; Kopeva, Diana; Sterev, Nikolay; Jordanova, Z.; Bojilova, V.

doi:10.15547/tjs.2015.s.01.053

Cited by 3 publications

(2 citation statements)

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“…Our customers usually prefer long term financing through instruments like Murabahah as they perceive it to be less costly and more flexible Even though the FinTech start-ups are generally associated with relatively high levels of uncertainty and risk, they are also characterised by one of the greatest potentials for growth and sustainability across industries [39] [40]. Hence, if these businesses are properly and accurately analysed and evaluated by IFIs, they can form a significant source of sustainable income for them and a source of advanced financial technology as well.…”

Section: There Is a High Default Risk In The Case Of Fintech Start-upmentioning

confidence: 99%

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Echchabi¹,

Omar²,

Ayedh³

et al. 2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

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The objective of the study was mainly to shed light on the current state and future prospects of FinTech in Oman, with particular focus on its potential contribution to the Islamic finance industry. The study used qualitative methods in forms of in-depth interviews with eight Islamic banks' managers in Oman. The findings revealed that the FinTech industry in Oman is still operating under-potential. This might be due to the general lack of interest in this area by the Omani startup businesses. This situation might also be due to the lack of financing opportunities by local financial institutions, including both Islamic and conventional financial institutions. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer short term financing on Musharakah and Ijarah contracts. Finally, the findings showed that the IFIs are optimistic regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that address the FinTech startups financing from an Islamic perspective, and hence lays the ground for the future studies to be conducted in this area.

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Section: There Is a High Default Risk In The Case Of Fintech Start-upmentioning

confidence: 99%

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Echchabi¹,

Omar²,

Ayedh³

et al. 2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

View full text Add to dashboard Cite

show abstract

“…The elements of such social business networking is introduction of co-workshop between real and virtual production systems 1 . But CPPSs are not just social business network it is defined as a smart factory that consist 4 elements: internet of data; internet of people; internet of service; and internet of things (2-3).…”

Section: Introductionmentioning

confidence: 99%

Marketing leadership: the industry 4.0 need of next generation marketing

Sterev¹

2017

TJS

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The evolution to Industry 4.0 the Bulgarian business needs to improve not just innovations and human resources, but to change their "software" to manage their own business. Thus, the change of business requires a next generation of marketing and respectively, a brand new marketing organization. The main purpose of the paper is to open a discussion where is a need of new marketing organization as well as does it possible to change the existing marketing or to evolve it. So, the paper is based on the good practices of the world leading companies and explore the opportunities to introduce them to the Bulgarian industrial business. The methodology approach of the paper is based on the theoretical and methodological research of the contemporary marketing literature and lessons learnt from the business. The structure of the paper is: 1. Introduction: next steps and requirements of Industry 4.0 approach to change business inside; 2. State of art: discussion on the marketing organization and its evolution; 3. Methodology approach: introducing the steps to establish a marketing leadership in Bulgarian industrial business; 4. Empirical results: presentation of the possibilities to enforce the evolution of marketing organization; 5. Conclusions: next steps of the good marketing practices.

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Islamic banks financing of FinTech start-ups in Oman: An exploratory study

Echchabi

Omar

Ayedh

et al. 2021

JMIFR

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This study mainly aims to explore the current practice and prospects of FinTech start-ups financing in Oman, particularly the IFIs (Islamic Financial Institutions) financing practices and the challenges faced by these start-ups in obtaining it. The study applies qualitative methods in procedures of in-depth interviews with eight Islamic banks’ managers in Oman. The findings revealed that the financing of the FinTech start-ups in Oman still in the infant stage and below its potential. This might be due to the general lack of interest in this area by the Omani start-up businesses. This situation might be due to the lack of clear strategic vision of Omani financial institutions, including both Islamic and conventional financial institutions with regards the Fintech start-ups. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer to offer short term financing on Musharakah and Ijarah contracts. Lastly, the findings showed that the IFIs are positive regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that addresses the FinTech start-ups financing from an Islamic perspective, and hence places the ground for the future studies to be conducted in this area.

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Start-up for sustainable growth in Bulgaria

Abstract: The new-thinking is growing up as a contemporary entrepreneurial concept. So, the new-business establishment has been changed a lot of after the Schumpeterian entrepreneur has been set.

Cited by 3 publications

References 0 publications

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Marketing leadership: the industry 4.0 need of next generation marketing

Islamic banks financing of FinTech start-ups in Oman: An exploratory study

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