Current Issue : July-September Volume : 2023 Issue Number : 3 Articles : 5 Articles
From one point, at micro level, the financial sustainability of business enterprises can be interpreted from the measurement values that display the balance of assets and sources. The paper aims to examine the 5 main strategies of asset financing, which is considered as one of the pivot indicators to determine financial sustainability. Moreover, the specifics of each model are thoroughly studied. The company, which has been taken as the research object, has been executing the “appropriate” strategy of asset financing for the last 5 years, and the conclusion has been made as the utilization of long-term loans and liabilities is regarded as appropriate according to the current asset financing strategy. In the first part of this work, I wrote about the features of 5 models of property financing as one of the features of financial stability companies. In the second part of this work, the results of the research, which model was chosen in the company “XXX” of the food industry. Data from 2017-2021 period were selected for the study from one of the largest joint-stock enterprises in Mongolia....
There is no doubt that economic activities are fast depleting the global stock of natural resources while causing harm to the environment. In the mist of this melee, Corporate Social Responsibility (CSR) emerges as a panacea to holding businesses accountable for the impact of their activities on the environment and also requires that they share their profits with stakeholders. This paper adds to the call for global legislation on CSR to serve as a filter on the short to long-term impact of the activities of businesses on the environment. It is expected that this filter will invariably influence the strategies organizations use to achieve their objectives. The study applied the phenomenological descriptive and interpretive research strategy by reviewing books, journals and media publications on the negative impact of business activities on the environment and analyzing them qualitatively. The findings support an integrated global approach to CSR which requires global legislation and enforcement by a world body such as the United Nations. It is expected that this approach will protect countries with weak corporate governance whose public officials are not usually able to resist the enticements that multinational companies offer them in order to escape liability for infractions on regulations....
This study delineates between sustainable development, an established idea, and sustainability management, an emerging discipline. Theoretical and practical sustainable development is said to call for a sustainability management viewpoint that emphasizes safeguarding both man-made and natural assets. Management of sustainability comprises all of the actions and steps that must be taken to realize the goal of sustainable development. Last but not least, sustainability management is essential for improving environmental and corporate governance mechanisms that work to ensure that all people, both now and in the future, have access to the world’s man-made and natural assets. The study also highlights the importance of developing a sustainability management strategy to guide human actions across the political, economic, social, technological, and legal domains toward long-term sustainability....
Corporate purpose is an enduring business theme. The notion that a company’s purpose is to maximize profits has been the premise of many systems of management control and has often been accepted without question in managerial accounting. In Japan, however, many companies have followed sanpō yoshi (three-way benefits), the principle that business should benefit the seller, the buyer, and the community. Sanpō yoshi was a precursor to stakeholderism, the idea that a company works for the benefit of all stakeholders, not just shareholders. How a purpose is put into practice entails several questions. One question concerns the role a corporation’s purpose plays in relation to systems of management control (known as “the levers of control”). Another question is how a company with a stakeholderist purpose should use the balanced scorecard, which is predicated upon shareholderism. In this study, theoretical research will be conducted because the theory has not yet been established. As a result, by using the purpose-driven balanced scorecard, it was found that the corporate purpose can be put into strategy through mission and vision, and these can be realized....
Overcapacity has become a major obstacle to the healthy development of China’s economy in recent years. Using a mixed oligopoly competition model, this paper studies how the government soft budget constraint and strategic delegation for State-Owned Enterprise (SOE) impact the capacity choice of SOE and private enterprise. Theoretical analysis shows that: 1) Generally, SOE tends to have excess capacity, while private enterprise tends to have undercapacity; 2) The government soft budget constraint and strategic delegation to SOE will not only aggravate the overcapacity of SOE, but the undercapacity of private enterprise. Based on the theoretical analysis, this paper puts forward policy recommendations on the issue of overcapacity for some industrial sectors in China....
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