859,503 research outputs found

    Access to care for supported residents

    Get PDF
    The Aged Care Financing Authority (ACFA) is an independent statutory committee whose role is to provide independent, transparent advice to the Australian Government on financing and funding issues in the aged care sector. ACFA considers issues in the context of maintaining a viable, accessible and sustainable aged care industry that balances the needs of consumers, providers, the workforce, taxpayers, investors and financiers. Under its operating framework, ACFA is required to provide advice by 31 December 2015 to the Assistant Minister for Social Services on cost neutral mechanisms to ensure access to care for supported residents, including reviewing the supported resident ratio. This work entails analysing the efficiency, effectiveness, and appropriate level of: the supported resident ratio for each aged care planning region; and the 25 per cent discount applied to the maximum accommodation supplement amount where a service does not provide more than 40 per cent of its eligible care recipient days to supported residents. In order to assess these two mechanisms it is important to have a clear understanding of what is meant by ‘effective’, ‘efficient’ and ‘appropriate’. For the purposes of this paper a basic definition of each term may include: Effective: successful or capable of producing a desired or intended result Efficient: achieving maximum productivity with minimum wasted effort or expense Appropriate: suitable or proper in the circumstances To assist in the development of its advice to the Assistant Minister, ACFA is seeking the views of stakeholders. Background A principle underlying aged care means testing is that people who can afford to contribute to the cost of their care should do so, and those that cannot afford to pay should not be denied access to services. While aged care accommodation is considered a personal expense, in line with the above principle, the Australian Government has a safety net for those who cannot afford to pay all or part of their accommodation costs. For the purposes of this paper, supported residents are considered to be those residents who are eligible for Government support toward the cost of their accommodation. Submissions closed  9 June 2015

    Financing Europe's fast movers

    Get PDF
    This policy brief deals with the link between corporate finance and growth. The discussions about structural reform in Europe, including the EUÂ?s Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering expansion. Thomas Philippon and Nicolas Véron analyse this gap and outline a number of possible policy responses.

    Financing Agriculture Cooperatives Societies in Nigeria:Challenges and Prospect

    Get PDF

    Integration of critical success factors from demand and supply sides to enhance micro financing framework for micro and small enterprises (mses) in Malaysia

    Get PDF
    Micro and small enterprises (MSEs) play important roles in the Malaysian economy. Access to financing is one of the main constraints for most micro and small enterprises (MSEs) in business survival. The Malaysian government is aware of the financing issues among micro and small enterprises. Therefore, the National SME Development Council has approved the sustainable microfinance framework in 2006 to improve access for financing from financial institutions. However, there are few weaknesses of the micro financing framework, since many micro enterprises are unable to reach the financing facilities. The existing framework only focuses on the side of financial supply but less attention to the demand side, which is important as guidance for MSEs in obtaining financing. Therefore, this research explored the access to financing for MSEs in Malaysia by enhancing the sustainable microfinance framework for MSEs. A mixed method approach (quantitative and qualitative) employed in this research by implementing survey and case study research design. Surveys were conducted to 321 respondents from MSEs while interviews were conducted to six microfinance providers and ten MSEs. The findings of this research were used to enhance the existing microfinance framework. The new framework was enhanced from the existing microfinance framework by integrating the demand and supply side in the framework. The supply side represents the microfinance providers while the demand side represents MSEs. Several elements had been placed in the demand side such as the sources of financing, the major challenges in getting financing and the success factors of micro financing. On the supply side, few elements were included in strategic initiatives. All those elements provide a better understanding of the strategies in getting financing and yet become a guideline for MSEs to be successful in getting external funds for their businesses

    Financing experimentation

    Get PDF
    Entrepreneurs must experiment to learn how good they are at a new activity. What happens when the experimentation is financed by a lender? Under common scenarios, i.e., when there is the opportunity to learn by "starting small" or when "noncompete" clauses cannot be enforced ex post, we show that financing experimentation can become harder precisely when it is more profitable, i.e., for lower values of the known arm and for more optimistic priors. Endogenous collateral requirements (like those frequently observed in micro-credit schemes) are shown to be part of the optimal contract

    THE IMPACT OF CAPITAL ADEQUACY, EFFICIENCY, SIZE, EQUITY, LIQUIDITY AND FEE BASED INCOME TO BEHAVIORS OF FUNDING AND FINANCING OF ISLAMIC BANKS IN INDONESIA (JANUARY 2010 – DECEMBER 2014)

    Get PDF
    This study aimed to see the behavior of funding and financing of Islamic Banks in Indonesia in years period January 2010 until December 2014. Bank as the financial intermediary institution take a role to facilitate the channeling between the parties who have excessive fund and distribute to the parties who need fund. Emphasise the important of funding and financing, this study aimed to see the implication of CAR, Efficiency, Size, Equity, Liquidity and Fee based income to the behavior of Funding and Financing. This study used Data Envelopment Analysis to measure efficiency value through intermediary approach and Multiple Regression Analysis. The data used in this study are the data of Capital Adequacy Ratio (CAR), Efficiency, Asset, Equity, Financing to Deposit Ratio (FDR), Fee Based Income, Funding and Financing of Islamic Banks in Indonesia. The sample used were selected by purposive sampling method with some criterias. The samples are 11 Islamic Banks listed in Financial Service Authority database in years period January 2010 until December 2014. From the test result using the Data Envelopment Analysis, There are some Islamic Banks in Indonesia which are still inefficient. Meanwhile based to Multiple Regression Analysis showed that CAR has positive impact to funding and no impact financing, Efficiency has no impact to both of funding and financing, Asset has no impact to funding but has positive impact to financing, Equity has no impact to funding and negative impact to financing, Liquidity has no impact to funding and has positive impact to financing, while Fee based income has no impact to both of funding and financing

    What One Can Learn From the Initial Public Offering of Google? A Twenty-Year Excursion to the Venture Capital Industry

    Get PDF
    Over the past two decades the venture capital industry became a major focus for the financial media. With potential for high rates of return, this industry attracts entrepreneurs looking for opportunities to invest. While some investments are successful and highly publicized, many are not. This paper gives insight about the role financing in different stages plays in determining the success of an investment. It compares data on the rates of return of 2,678 venture-backed public companies during multiple stages of financing. Additionally, this paper evaluates how the rates of return of these companies have changed between the 1980s and 1990s.Annualized returns, Venture Capital, Venture-Backed Public Companies, Stage of Financing, Initial Public Offering, Early-Stage Financing, Seed Financing, Research and Development Financing, Start-up Financing, First-Stage Financing, Expansion Financing, Second-Stage Financing, Third-Stage and Mezzanine Financing, Bridge Financing, Acquisition/Buyout Financing, Acquisition Financing, Management /Leveraged Buyout

    An Analysis of the Financing of Higher Education in Georgia

    Get PDF
    This report addresses the issue of the financing of higher education in Georgia by comparing financing in Georgia with other states and examining how financing affects the student population in terms of performance, and retention rates. FRC Report 14
    corecore