...The Influence of Internet Finance for SME Financing in China Introduction Currently, SME (Small And Medium-size enterprises) is the foundation of promoting national economy development, constructing the subject of market economy and promoting the development of social stability in China (Wang, 2011). In recent years, the economic situation has experienced dramatic change and this huge variation stimulates financing needs of SMEs in China greatly. Nevertheless, the majority of SMEs have financing difficulties due to their personal limitations and insufficient external support. As a result, it is hard for them to have a further development. With the advent of the information technology revolution, Internet Finance is considered as a new effective way to solve the financial difficulties of SMEs and it brings about many positive influences, although there are some negative aspects to improve. This essay will firstly inform background information about the reasons for SME financing difficulty as well as Internet finance’s current condition. Additionally, it will give evidence for the main argument that there are more positive influences than negative influences of Internet finance on minor enterprises’ financing issue. Finally, some practical suggestions will be put forward, helping Chinese SMEs to find the optimal choice in financing. Background There are more SMEs in China than before in accordance with the relevant statistics. According to Wang (2011), SMEs account for 99...
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...There has been a flood of capital being poured into technology firms at a rate that have some fearing another bubble is ready to burst and a repeat of the “dot.bomb era” of a decade ago may soon repeat. How valid is this concern? Using the recent LinkedIn initial public offering as an example, the shares soared on first day of trading last week from $45 per share to over $94, that’s 100% plus increase (this too followed a last minute decision to raise the initial offering price from around $35 to $45). The stock traded as high as $122.70 and is currently trading slightly above $94, putting the current market value of the stock close to $9 billion. Pandora, an internet radio station, recently increased their offering price just prior to its’ recent IPO which had a $2.8 billion market value at end of the first trading day. This while Pandora is unprofitable and may be for some time. For this week’s discussion, I’d like to also reference this weekend’l r s WSJ article “Virtual Farms, Rich Harvest” discussing how the next firm up, “ Zynga, a company that sells imaginary tractors and other make believe goods in online games, plans to raise some very real money from public investors” (Winfield & Cowan, 2011). Zynga is seeking about $20 billion from the offering. Many believe that other social networking sites, like Twitter and Facebook, are contemplating raising capital through issuing common stock and are scrutinizing these IPOs to help gauge how the market may respond to their...
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...Electronic Commerce – as the use of the computer to facilitate all of firm’s operation. Firm’s internal business areas; Finance, Human Resources, Information Services, Manufacturing, and Marketing. Finance deals mainly with the Financial Community, Stockholders and Owners and firm’s Customer. Human Resources has special interest in the Global Community and Labor Unions. Information Services interfaces with hardware and software Suppliers. Manufacturing is responsible for dealing with the firm’s Suppliers, and Labor Unions. Marketing is primarily responsible for interfacing with the firm’s Customers and Competitors. All of the areas interface with the Government. Anticipated Benefits from Ecommerce – Positive, Improvements, Advantage. 1. Improved customer service 2. Improved relationships with suppliers and the financial community 3. Increased return on stockholder and owner investments Ecommerce Constraints – Limitations or Disadvantage. * High cost * Security concerns * Immature or unavailable software The Pathway to Ecommerce – the planning stage for implementing the system to ecommerce. Business Intelligence – background about the business – anyone in the organization must know everything about the business. Or in the other hand [BI] defined broadly to include information on all environmental elements. Basic Intelligence Task Collect Data – is the firm may acquire either Primary data [P] or Secondary data [S]. [P] – is gathered by the firms...
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...Internet and mobile access components When designing a unified, single system intended for total company-wide access, it is important to allow for maximum access. If employees cannot access the system, data cannot be added, and the master databases will not reflect the latest data. On this same note, executives who cannot access the system will not be up to date on current numbers, which may affect current decisions and future plans. Riordan’s unified data system will be accessible through the internet via Virtual Private Network (VPN) channels. The system will not have a mobile application, though the internet portal will be accessible through smartphones and tablets. Riordan’s unified system will be hosted at the company headquarters, but employees will access the system through the internet. This is for several reasons. First, it provides a single point of access for all employees, whether they work at the company headquarters, at one of the Riordan’s outstations, or while they are at home or on travel. A single point of access means a single point of failure, which will help the IT department resolve access issues quickly. Additionally, an online access point keeps users from directly accessing the main system database, which could result in data loss or errors created by users poking around in the main system. To sign into the system at work, users will access a link on the company intranet. There is no need for additional login, because the users are already...
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...| Counting since 19.11.2005 <http://lipas.uwasa.fi/~ts/wbfa/wbfa.htm> URN:NBN:fi-fe20051937 Copyright © 2002-2005 by Prof. Timo Salmi, Prof. Jussi Nikkinen & Prof. Petri Sahlström Paper last modified Thu 24-Nov-2005 11:57 Subsequent references last appended Tue 9-Nov-2010 | Timo Salmi, Jussi Nikkinen &Petri Sahlström Department of Accounting and Finance Faculty of Business Studies University of Vaasa, Finland The Review of the Theoretical and Empirical Basis of Financial Ratio Analysis Revisited With the Modern Developments in the Web-Based Publishing Abstract This web-based publication is an addendum to a previous review of the research and research trends in financial ratio analysis. The first purpose is to add more current references to the previous review. The second purpose is to emphasize the changes facilitated by the modern World Wide Web based publication practices and their impact on the availability of scientific publications. The new references are listed only without detailed reviewing, since no drastic additions have come to the fore in the field. However, it is felt that the additions are sufficient to warrant this addendum made readily possible by the option of making this publication available online. Keywords: Financial statement analysis, financial ratios, review, electronic publishing Referencing: Salmi, Timo, Jussi Nikkinen & Petri Sahlström (2005). The Review of the Theoretical and Empirical Basis of Financial Ratio Analysis Revisited...
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...IT function At chippy's chips, IT does things such as reset passwords, look up IT problems and internet. Human Resources function: At chippy's chips, human Resources is about the teachers’ pension, cover teachers, workers pay and compensation or doctors. Administration function: At chippy's chips, Administration is to organize files open emails, send emails and write letters. Finance function At chippy's chips, finance does things such as manage money in the business, gives advice to the manager of the department to budget money. Customer service function At chippy's chips, Customer service is a series of activities design to enhance the level of customer satisfaction. chippy's chips Functional areas Human Resources function: At chase high, human Resources are about the workers’ pension, cover teachers, workers pay and compensation or doctors. IT function At Tesco’s, IT does things such as reset passwords, look up IT problems and internet. Sales function At Tesco’s, the sale department organises sales promotions and they sell products over the phone or the internet. Administration function: At Tesco’s, Administration it to organize files open emails, send emails and write letters. Finance function At Tesco’s, finance does things such as manage money in the business, gives advice to the manager of the department to budget money. Distribution centre function At Tesco’s...
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...privilege of unlimited rentals, provided that the customer doesn’t have more than 3 discs rented out at one time. Netflix offers more than 15,000 movie titles and maintains an inventory of over 5 million discs. Netflix has also been a very popular platform for video streaming over the internet for many years now, and with support for many Netflix enabled devices like the PS3 and Roku, it continues to be an essential application for a lot of people. Netflix provides an online streaming source for not only movies but also TV shows, and miniseries. There is even a Netflix app for the iPhone and iPad. The Netflix app is available for free from iTunes and installs easily. The customer still has to pay the Netflix monthly fee however When using the Netflix app, it usually launches with a screen showing the latest movies and other content for the Netflix service, and as long as you are a Netflix subscriber you can click on any of screen images to launch the streaming playback of that respective title. An app user can also search the Netflix digital library for their favorite titles. When you select a title, it streams to the device with variable quality depending on the strength of the internet connection. The biggest problem currently with Netflix is that the selection of movies and TV shows is different depending on which country the subscriber lives in. In the...
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...Resource activities: Code | Description | HR | finance | Technology | Operational | PDN001 | Price determination of rent a house | 2 | None | Mobile and transport | 5 | PDN002 | Price determination of heater | 1 | None | Mobile | 2 | PDN003 | Price determination of generator | 1 | None | Mobile | 2 | PDN004 | Price determination of air conditioner | 1 | None | Mobile | 2 | PDN005 | Price determination of furniture | 1 | None | Mobile | 5 | PDN006 | Price determination of cosmetics | 1 | None | Mobile | 2 | PDN007 | Price determination of brushes | 1 | None | Mobile | 2 | PDN008 | Price determination of rollers | 1 | None | Mobile | 2 | PDN009 | Price determination of steamers | 1 | None | Mobile | 2 | PDN010 | Price determination of massagers | 1 | None | Mobile | 2 | PDN011 | Price determination of threads | 1 | None | Mobile | 2 | PDN012 | Price determination of mirrors | 1 | None | Mobile | 2 | PDN013 | Price determination of lights | 1 | None | Mobile | 3 | PDN014 | Price determination of straightners | 1 | None | Mobile | 2 | PDN015 | Price determination of hair dyes | 1 | None | Mobile | 2 | PDN016 | Price determination of hair stylers | 1 | None | Mobile | 4 | PDN017 | Price determination of lockers | 1 | None | Mobile | 5 | PDN018 | Price determination of hair accessories | 1 | None | Mobile | 2 | PDN019 | Price determination of Plastic bags | 1 | None | Mobile | 2 | PDN020 | Price determination of magazines | 1 | None | Mobile...
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...My paper will attempt to show three marketing opportunities and how these opportunities will affect the firm’s finances, public relations and the reasoning why the firms should pursue my suggestions. Dmoz is currently the only search engine with all human editors. Given that fact, they have managed to index 3.5 million page with over 400,000 categories. Dmoz is unique because each site that is submitted must be reviewed by an actual human before it will appear in the listing. While it may seem “old-fashioned” to some, the result is a highly reliable index of only legitimate, properly categorized sites. Dmoz's directory structure is very hard, if not impossible to fool. In fact, although submitting sites are permitted to select certain categories, the human editors may place the site elsewhere if they believe it to be a better fit. This gives searchers the confidence that they will find what they are actually looking for when they enter a certain category (http://www.search-engine-site.net/dmoz.html) AltaVista, as an Overture company, seems to use a very similar algorithm and spidering process as Yahoo. However, there are a few ways in which AltaVista sets itself apart. AltaVista provides the most obvious advantage to those conducting specific multimedia searches. Directly above the search field are a number of tabs (Images, MP3/Audio, Video, etc.) that allow the user to search for files as well as webpages. (http://www.search-engine-site.net/AltaVista.html) Teoma was developed...
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...any security features established to prevent anyone from accessing information on the company’s intranet. Logins should be required to access the information within the company’s intranet and also should be monitored by the IT department. When the company expanded their operations in to Hangzhou China the fan manufacturing operation moved from Pontiac Michigan to Hangzhou China, team B need to look at the financing and accounting department systems because it was never addressed on the switch, just added more software and applications designed for plastic processors for assembling. New System Proposal It would be more cost effective to outsource to AT&T to help with implementing Internet security and mobile accessing along with ERP system. AT&T offers a Business Internet Service plan were the components of options would be setting up an 1800 number for all three plants along with...
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...One dozen trusted Web Apps Web Apps are computer software applications which have right to use over the network like Internet and intranet. There are numerous web apps that are gaining popularity and are trusted by the users. These web apps provide compatibility to thousands of computer clients as it can be operated in any modern browser or mobile OS. 1. Money: Money is termed as another food to survive in this world. Monetary balance is very essential to manage business and personal life online. To deal with the finances, cash flows and to make the sites financially viable there are applications like: Mint: This application has found ways to administer the finances online in a convenient way. It will check the accounts and track your budgets. Freshbooks: This app provides an easier platform to raise online invoices for the clients within the time specified and also facilitate collection of payment through Paypal. . 2. Presentations: This is a kind of apps that is ruled by the phrase “First Impression is the last impression”. In this application one can present his idea, his thought, his believe visually and make the things in their favour. This kind of app is gaining popularity in corporate sector where everything needs to be discussed at various levels to get it executed and describing the idea again and again can sometimes lose its vision so presenting the thought through various presentation is the most suitable technique. One of the apps is Animoto: Animoto...
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...Effects of Internet addiction on Education Internet is an interconnection of hundred and thousands to provide global information thus a framework that provides many services and as a medium of creativity and innovation (Khan & Cerf, 1999) by this fact like many other substance it has an effect of addiction and in this essay it will at length and extensively the effects of Internet addiction on Education. Young and Nabuco de A brue (2010) states that cybersex, video gaming, gambling addiction as major addictive Internet services this among other like social networking and Internet telephony are common to young people who are aged between 6-18 and are school going. Once a learner is addicted to Internet like any other substance 70% of their mind is always away from the learning environment making them loose concentration and in advance cases miss educational lessons. Due to the variety of services on the Internet we have those that support the education system by providing research material and information to a learner but unfortunately this are not addictive since one has the information needed they tend to be certified unlike video gaming, social network where there is always a second person who keeps you there. Internet Gambling can make a learner waste a lot of financial resource and learning time on the Internet making at one point the learner depressed and in strain to get finances Young and Nabuco de A brue (2010). Social network have made many young people to...
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...Network Finance " Network Finance" is for the entire electronic commerce, based on network technology, helping enterprises to achieve financial and business collaboration, build remote statements, accounting, audit, audit and other remote processing. Its necessity is explained as follows. The rapid development of e-commerce: In chapter 4, we realized anticipating significant new developments and changes that will have a major impact on the industry largely took into account of strategic planning by many firms. For example, Over the last 10 years, e-commerce has become bigger and bigger. Electronic Commrerce refers to use systematic electronic tools, engaging in various economic activities in the whole process of commodity exchange. As e-commerce enterprises need to have the financial system which is based on the network, the rapid popularity of e-commerce is bound to promote the emergence and development of Network Finance. Thus, Network Finance plays a decisive role in electronic commerce The further development of network finance will give rise to the great development of electronic commerce as well. The necessity of a business process: In Chapter 12, the author highlights that for contemporary financial management, internal control systems must be expanded and updated to face a fast-changing, high-technology system of receiving payments and making disbursements nowadays, For a long time, due to technical limitations, how to strengthen the financial enterprise internal...
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...provides wireless transmission of data using a variety of transmission modes, from point-to-multipoint links to portable and fully mobile internet access. The technology provides up to 3 Mbit/s broadband speed without the need for cables. WiMAX, 30 times faster than 3G mobile technology and 100 times faster than wireless data rates, can solve the problems of rural connectivity. WiMAX can replace GSM and CDMA cellular phone technologies, or increase capacity, used as a layover. It has been used as a wireless backhaul technology for 2G, 3G, and 4G networks in both developed and developing countries. As Bangladesh’s Telecom Industry is booming with a growing middle-class, experts expect a big demand for broadband wireless services and WiMAX. Bangladesh will have around 12 million WiMAX subscribers by 2012, as BTRC expects. Banglalion is going to introduce wireless internet services from the end of this year. As the marketing officer of BanglaLion I have prepared the following marketing plan. Table of Contents Current Marketing Situation 1 Opportunity and issue analysis 1 Objectives 2 Marketing Strategy 2 Action Programs 3 Financial Projections 3 Implementation Controls 4 Current marketing situation The Internet came late to Bangladesh with connectivity in 1996. In the last few years it has grown dramatically, although obviously from a very low...
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...value to telecommunication industry. Mobile banking which is an integral part of mCommerce has become very popular among mobile users ever since its existence in 2007. It creates new, convenient communication and fast financial transactional channel for mobile users which is accessible from anywhere, anytime. Checking account information, balance available, credit/debit card information, cheque status, setting alerts , payment reminders, locating ATMs and bank branches, accessing mini statement, accessing loan and equity statements, insurance policy management, placing orders for cheque books etc via mobile phones are some of the services offered in mobile banking. With multiple access channels such as SMS, downloadable client, mobile Internet (WAP) mobile...
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