Legislation on the Distribution of Financial Services in Selected EU Member States and the Innovative Way of Financial Intermediation in the Slovak Republic

Sidak, Mykola; Slezáková, Andrea; Filip, Stanislav

doi:10.1007/978-3-031-27506-7_11

Cited by 3 publications

(4 citation statements)

References 16 publications

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“…The mere fact that a project has fallen into financial difficulty does not mean that it will be liquidated immediately. On the contrary, comparative legislations seek to grant Troubled projects the opportunity to reorganize their affairs in order to continue their calculated presence in the market (Sidak et. al., 2023).…”

Section: Means Of Rescuing Troubled Projectsmentioning

confidence: 99%

“…However, pumping new financing for the Troubled project in shares can provide the money that Troubled projects need. It is worth noting that new shares enjoy an important advantage as a source of financing for troubled businesses, as the new funds that enter the capital structure of troubled businesses as equity do not require the payment of interest, as is the case with loans (Sidak et. al., 2023).…”

Section: Banking and Non-banking Financing And Its Role In Recovering...mentioning

confidence: 99%

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The regulation of funding troubled projects

Awad,

HUSSIEN

2024

ACCESS

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Objectives: A project may suffer a financial crisis; the project management shall seek to provide the necessary financial liquidity to overcome the state of default that has affected this project. Therefore, companies resort to seeking financing sources. However, the search for financing sources under the description of the project as Troubled is a very difficult task. How can a financier be convinced to finance a Troubled project?. Methods/Approach: the study followed the descriptive analytical comparative approach. The descriptive approach will be used to address the means of recovering the projects from the difficulties, and to analyze the legal articles governing this financing, and thus to address its controls, the comparative approach will be relied upon, where the financing of Troubled projects in the American Bankruptcy Law will be addressed, and thus the comparative approach will be used. Results: the study addressed the concept of a Troubled project, the regulations for granting guaranteed financing, in addition to cross-collateralization. Considering that guarantees are the basis of financing, a lender will not finance without guarantees, especially if the project to which the loan is being provided is a Troubled project. Conclusions:The study reached several recommendations, including the establishment of a Troubled projects support fund, which would be funded by contributions from the companies themselves and would be under the authority of the government. In addition, establishing a government fund to support Troubled projects, with financing priorities divided according to the importance of the project to the economy. These loans would be interest-free.

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Section: Means Of Rescuing Troubled Projectsmentioning

confidence: 99%

Section: Banking and Non-banking Financing And Its Role In Recovering...mentioning

confidence: 99%

The regulation of funding troubled projects

Awad,

HUSSIEN

2024

ACCESS

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“…Yermachenko et al (2015) suggested how governmental bodies can exchange information between relevant state authorities and the commercial sector by installing an integrated e-reporting system comprising the statistical data of travel companies. Sidak et al (2023) insisted on the responsibility of legal authorities in the provision of regulated development in strategic sectors, pointing to the financial sector's vulnerability if not included in the innovative development process. Tvaronavičienė and Burinskas (2022) analyze the effect of foreign direct investments on the innovative sectors.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

Yermachenko,

Hrebennyk,

Litvinov

et al. 2023

JESI

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The article emphasizes the need to develop entrepreneurship in the academic environment to commercialize the scientific research results as one of the possible directions. The problems that prevent Ukrainian and Slovak scientists from commercializing their scientific developments are highlighted, classified, and described in detail, and recommendations are proposed for solving these problems. The commercialization of scientific research is based on transforming scientific developments into profitable commercial products or services that can be successfully introduced to the market. The study examines various aspects of commercialization, including evaluating the commercial potential of scientific research, developing business models, finding investors and partners, intellectual property, marketing innovations, and sales. The elements of innovative ecosystems of different countries and Ukraine are described. Various algorithms for commercializing scientific research are suggested and scrutinized, including specific steps scientists must perform to introduce their developments to the market successfully. The difference in commercialization processes in Ukraine and economically developed countries is demonstrated. A business commercialization algorithm is proposed, which assumes that the first step is to analyse the demand for innovation. It has been proven that projects developed under the market's needs today and in the future are more effective for commercial use. Hence, this approach provides better opportunities for attracting investments, creating strategic alliances with the industrial sector, and increasing effective commercial projects. Recommendations suggested by the authors can help Ukrainian and Slovak scientists commercialize their scientific works more effectively, which will positively impact economic development.

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“…These challenges stem from low savings rates and low real incomes, which have forced them to rely on external borrowing. As a result, these countries have accumulated substantial debts and are now faced with the difficult decision of whether to prioritize debt service payments (including interest and installments) or financing necessary imports for development purposes (Sidak et. al., 2023).…”

Section: Introductionmentioning

confidence: 99%

The effect of Islamic development bank projects on economic growth in the Gulf Cooperation Council countries

Riache,

LOUAIL,

CHAHDI

et al. 2024

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Background: Islamic Development Bank in GCC countries facilitates economic growth by funding infrastructure projects, promoting Islamic finance, and fostering collaboration among member states. It supports diversification efforts, social development, and sustainable initiatives, aligning with regional priorities and Islamic finance principles for inclusive prosperity. Objectives: The study seeks to elucidate the significance of the Islamic Development Bank in fostering economic expansion in GCC countries via foreign direct investment. Methods/Approach: In this work, we employ the Panel data approach to analyze the GCC countries from 1980 to 2023. Results: We discovered a notable and meaningful correlation between foreign direct investment, the expansion of individuals, and the overall population with the economic growth of GCC countries. Additionally, we observed a detrimental effect of inflation on growth. The Islamic Development Bank's projects in the Gulf Cooperation countries are highly significant as they encourage intra-Arab investments among these nations. Initiating this study involves examining the pertinent literature on the programs of the Islamic Development Bank and their influence on the economies that receive benefits from them, either directly or indirectly. Conclusions: The findings of this study can serve as a reliable resource for decision-makers in the GCC countries to facilitate economic development through the implementation of projects by the Islamic Development Bank. Researchers and academics might derive advantages from it and regard it as a study that introduces novel perspectives to the issue being investigated.

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Legislation on the Distribution of Financial Services in Selected EU Member States and the Innovative Way of Financial Intermediation in the Slovak Republic

Cited by 3 publications

References 16 publications

The regulation of funding troubled projects

The regulation of funding troubled projects

Commercialization of Ukrainian & Slovak scientific research: facets and implementation algorithm

The effect of Islamic development bank projects on economic growth in the Gulf Cooperation Council countries

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