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Article
Publication date: 29 July 2014

Quanda Zhang and Rongda Chen

Financial repression refers to any of measures that government employs to prevent the financial intermediaries of an economy from functioning at their full capacity. On the…

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Abstract

Purpose

Financial repression refers to any of measures that government employs to prevent the financial intermediaries of an economy from functioning at their full capacity. On the contrary, financial deepening refers to the increased provision of financial services with a wider choice of services geared to all levels of society, which is the process of relieving financial constraint. With the theory of financial repression and financial deepening, the purpose of this paper is to focus on the performance of the financial repression in China and its influences on the financing of the small- and medium-sized enterprises (SMEs).

Design/methodology/approach

The work procedure is as follows: first, the monetization rate and financial interrelations ratio (FIR) are defined to measure the degree of financial repression; next, the classical GM(1,1) model and the metabolic GM(1,1) model are established, respectively, comparison is given out to show which model owns better adaptability. Finally, with metabolic GM(1,1) model, this paper predicts the monetization ratio and FIR in the next few years properly.

Findings

Unlike other theories which ascribe the financing difficulty of the SMEs to various factors, the paper argues that the financial repression in China should be responsible for the financing difficulty of the SMEs based on the theory of financial repression and financial deepening.

Originality/value

This paper points out that measures should be taken to accelerate the progress of the reform of interest rates and promote the efficiency of the financial market system as well as establish the multi-level capital market system for the SMEs to overcome the difficulty.

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Book part
Publication date: 28 September 2023

Georgiana Ioana Tircovnicu and Camelia-Daniela Hategan

The need for an efficient enterprise risk management (ERM) has never been greater than today when organisations face complex and interconnected risks targeting their business…

Abstract

The need for an efficient enterprise risk management (ERM) has never been greater than today when organisations face complex and interconnected risks targeting their business models. Macroeconomics and geopolitical uncertainties, digital transformations of industries and sectors, cybersecurity, and climate change, among other trends, present significant uncertainties. This article aims to analyse the scientific papers on research specific to ERM and review the links between the researched area and market or corporate governance topics. Risk management is underdeveloped in many organisations; the current standard for risk management is a reactive approach. It is usually treated in isolation rather than as a core competency and a strategic asset. As a result, risk management processes are ineffective and seen as adding value to decision-making and responding to uncertainties. Based on the literature, the scope is to set up the framework for future research on ERM by building a bibliometric analysis and examining articles collected from the Web of Science Core Collection database. The study identified the essential research on this topic based on the citations of the papers and the author’s countries with the highest number of publications and citations. VOSviewer software analysed the ERM system based on keywords, citations, geographical distribution, and authorships. The research proves a strong connection between the ERM and corporate governance topics considering the stage where most countries are regarding this subject.

Details

Digital Transformation, Strategic Resilience, Cyber Security and Risk Management
Type: Book
ISBN: 978-1-80455-254-4

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