Research Article
State Tax Regulation of Enterprises in the Conditions of Digitalization
Olga Ievsieieva*
Issue:
Volume 10, Issue 2, June 2025
Pages:
86-93
Received:
11 February 2025
Accepted:
27 February 2025
Published:
18 March 2025
DOI:
10.11648/j.ijafrm.20251002.11
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Abstract: The author have developed a methodological approach to analyzing the effectiveness of tax regulation of enterprises, which contributes to improving the efficiency of governmental tax regulation in the conditions of digitalization. It has been proved that scientifically substantiated strategic planning of tax revenues contributes to the optimization of limited resources of the territory, which are directed to effective spatial development. It can be actively applied both at the national level and at the level of regions and municipalities. The flexibility of the methodology is justified, which allows taking into account multiple factors affecting the amount of corporate profit tax and the expediency of its application in assessing the effectiveness of governmental tax regulation in the conditions of digitalization of enterprises of most types of economic activity in the region subject to the correct selection of factor characteristics. The relevance of the scientific development of the problem considered by the author increases due to the fact that scientifically based plans are necessary to justify medium- and long-term measures, to develop the strategy of the enterprise as a whole. The practical importance of specific tasks of modeling taxation at the state level, taking into account the financial indicators of enterprises, is emphasized. Rational taxation has been proven to generate revenues to finance public services that improve the investment climate and meet other public goals.
Abstract: The author have developed a methodological approach to analyzing the effectiveness of tax regulation of enterprises, which contributes to improving the efficiency of governmental tax regulation in the conditions of digitalization. It has been proved that scientifically substantiated strategic planning of tax revenues contributes to the optimization...
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Research Article
Drivers of Financial Performance of Top Real Estate Companies in India and Singapore - A Comparative Analysis
Sonam Gyaltsen Dorjee Denzongpa,
Neharika Shrivastava*
Issue:
Volume 10, Issue 2, June 2025
Pages:
94-110
Received:
7 February 2025
Accepted:
3 March 2025
Published:
21 March 2025
DOI:
10.11648/j.ijafrm.20251002.12
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Abstract: The Indian and Singaporean real estate markets are among the top investment destinations in the Asia-Pacific region, attracting significant foreign equity investments. This study provides a comparative analysis of the financial performance drivers of top real estate companies in India and Singapore. Through statistical analysis, key differences in financial structures, capital utilization, and profitability drivers were identified. The findings reveal that Return on Capital Employed (ROCE) significantly influences net profitability in both markets, though other financial ratios exhibit varying impacts. For Indian real estate firms, stock turnover ratio and debtor turnover ratio are critical determinants of financial performance, whereas for Singaporean firms, liquidity management (current ratio) and macroeconomic conditions (inflation) play a more significant role. The study also highlights that Indian firms maintain a more balanced capital structure, while Singaporean companies exhibit higher leverage and operational efficiency. Moreover, statistical tests indicate that the mean differences in net profitability ratio, current ratio, debt-to-capital employed ratio, and creditors' turnover ratio between Indian and Singaporean real estate companies are insignificant. However, significant differences exist in debt-equity ratio, stock turnover ratio, debtor turnover ratio, and ROCE. While FDI growth rates are comparable between the two countries, inflation rates vary significantly, impacting investment decisions and cost structures. The study suggests that Indian firms should enhance inventory turnover and debtor management, whereas Singaporean firms should optimize leverage and capital efficiency. Policymakers in India should focus on transparent debt management practices, while Singaporean authorities should regulate high leverage levels to mitigate financial risks. Future research should incorporate a broader dataset, including commercial and residential real estate segments, and analyze the impact of additional macroeconomic factors such as interest rates, housing demand, and government policies. These insights offer valuable recommendations for companies, investors, and policymakers to strengthen financial stability and improve market competitiveness in the real estate sector of India and Singapore.
Abstract: The Indian and Singaporean real estate markets are among the top investment destinations in the Asia-Pacific region, attracting significant foreign equity investments. This study provides a comparative analysis of the financial performance drivers of top real estate companies in India and Singapore. Through statistical analysis, key differences in ...
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Research Article
Financial Technology and Credit Management of Small and Medium Enterprises in Enugu State
Issue:
Volume 10, Issue 2, June 2025
Pages:
111-120
Received:
26 February 2025
Accepted:
13 March 2025
Published:
28 March 2025
DOI:
10.11648/j.ijafrm.20251002.13
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Abstract: The study examined the influence of financial technology on credit management among small and medium enterprises (SMEs) in Enugu State. Other specific objectives of the study were to; assess the influence of financial technology on loan accessibility among small and medium enterprises in Enugu State; and examine the influence of financial technology on debt management among small and medium enterprises in Enugu State. The study adopted a descriptive survey design. 10 SMEs operating in Enugu metropolis were purposively sampled for the study, while 65 SME managers were conveniently sampled for the study with the use of structured questionnaire. Z-test statistical tool was used for data analysis. The study found out that financial technology has a significant influence on loan accessibility among small and medium enterprises in Enugu State, Z (95,n = 65), 3.312 < 5.416=p. < 0.05]; and financial technology has a significant influence on debt management among small and medium enterprises in Enugu State, Z (95,n = 65), 3.774 < 6.185=p. < 0.05]. The study then recommended; financial Literacy and Training Programs of SMEs owners on the usage of financial technology services and mobile applications; and strengthening of regulatory frameworks for FinTech.
Abstract: The study examined the influence of financial technology on credit management among small and medium enterprises (SMEs) in Enugu State. Other specific objectives of the study were to; assess the influence of financial technology on loan accessibility among small and medium enterprises in Enugu State; and examine the influence of financial technolog...
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