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MACROECONOMIC EFFECTS ON SYSTEMATIC RISK IN EUROPE. THE CASE OF CYCLICAL V. NON-CYCLICAL COMPANIES 宏观经济对欧洲系统性风险的影响。周期性公司与非周期性公司的案例
Pub Date : 2022-10-01 DOI: 10.32752/1993-6788-2022-1-256-257-54-78
Panagiotis G. Artikis, Lydia Diamantopoulou, Christos G. Kampouris
This study explores macroeconomic and industry-level effects on corporate systematic risk (or beta) for European cyclical and noncyclical companies. We document the extent to which stock market betas fluctuate over time for both industry groups. In addition, we analyze the fundamental determinants of systematic risk. We find evidence that, although noncyclical industries market betas have a lower magnitude, after controlling for firms fundamental strength, macroeconomic conditions and different institutional environments, both types of industries are affected in the same manner by the variables incorporated in our study.
本研究探讨了宏观经济和行业层面对欧洲周期性和非周期性公司系统风险(或beta)的影响。我们记录了两个行业组的股票市场beta随时间波动的程度。此外,我们还分析了系统性风险的基本决定因素。我们发现证据表明,尽管非周期性行业的市场贝塔系数具有较低的幅度,但在控制了企业的基本实力、宏观经济条件和不同的制度环境之后,两种类型的行业都以相同的方式受到我们研究中纳入的变量的影响。
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引用次数: 0
FEATURES OF THE MANAGEMENT OF THE CAPITAL STRUCTURE OF CONSTRUCTION ENTERPRISES IN THE CONTEXT OF GLOBALIZATION OF ECONOMIC PROCESSES 经济全球化背景下建筑企业资本结构管理的特点
Pub Date : 2022-10-01 DOI: 10.32752/1993-6788-2022-1-256-257-6-15
Victoria Mazur
The article allows us to establish that one of the most important elements of capital management of enterprises in the construction industry is scientifically based rationing. In order to achieve the most effective management of the financial resources of a construction enterprise, it is necessary to form such a capital structure that will minimize its weighted average cost and ensure an increase in the value of the company as a whole, as well as identify the main problems in capital formation for their timely and most effective elimination.
本文使我们认识到,建筑行业企业资本管理的重要要素之一是科学的定量配给。为了实现对建筑企业财务资源的最有效的管理,必须形成这样一种资本结构,使其加权平均成本最小化,保证公司整体价值的增加,并找出资本形成中的主要问题,及时有效地加以消除。
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引用次数: 0
INFORMATION CONSOLIDATION WITHIN THE BUSINESS’S CORPORATE SOCIAL RESPONSIBILITY STRATEGIC CONTROLLING SYSTEM 企业社会责任战略控制体系内的信息整合
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-98-108
A. Pylypenko, Maria Tyrinova
The development of an enterprise's social responsibility is now receiving a special place in the corporate strategy process due to increasing society's requirements for corporate business and spreading the concept of sustainable development. Developing an effective social responsibility strategy is impossible without consolidating information about aspects of the corporate enterprise's activities that are significant for critical stakeholders. The article's purpose was to develop theoretical and methodological support for information consolidation that helps ensure the business's social responsibility and optimize the corporate enterprise's strategic choice during value-creating for customers. The author's hypothesis anticipates the necessity of forming two control contours of creation and using consolidated information. The first contour of controlling is aimed at supporting the enterprise's strategic choice. The second contour of controlling focuses on delivering the informational influences on the value promotion processes. The hypothesis is proved by using the system dynamics paradigm and providing the differentiation for information consolidation directions inside the cycles of increasing the value returns. These cycles have been integrated with the enterprise's corporate architecture model. Several additional hypotheses have also been put forward. It has been proposed to use corporate social responsibility individual directions as components of the enterprise's strategic map built according to the Balanced Score Card paradigm. Also, the concept of «integrated value creation» has been offered as a base for linking corporate social responsibility with the organizational capabilities concept, widely represented in corporate architecture modeling standards. In this case, organizational capabilities have been considered an intersection point of the business and society interests. Consolidation information is used to create an institutional interaction between the enterprise and stakeholders. Given this, corporate social responsibility has been transferred from it's considering as a cost center to a profit center or an investment center. The areas of synergy manifestation and the directions for possible emergence appearance have been defined under expanding the corporate enterprise capabilities by the social responsibility principle. The three-dimensional space for information consolidation and transparency receiving has been offered for the corporate social responsibility initiatives improvement.
随着社会对企业经营要求的提高和可持续发展理念的传播,企业社会责任的发展在企业战略过程中占有特殊的地位。制定有效的社会责任战略是不可能的,如果没有整合公司企业活动方面的信息,这些信息对关键利益相关者很重要。本文的目的是为信息整合提供理论和方法支持,以帮助确保企业的社会责任,并在为客户创造价值的过程中优化企业的战略选择。作者的假设预见了形成创造和使用合并信息两个控制轮廓的必要性。控制的第一个轮廓旨在支持企业的战略选择。控制的第二个轮廓侧重于传递对价值提升过程的信息影响。运用系统动力学范式对这一假设进行了验证,并对价值收益增加周期内的信息整合方向进行了区分。这些周期已经与企业的企业架构模型集成在一起。另外还提出了几个假设。有人提出将企业社会责任个体方向作为根据平衡计分卡范式构建的企业战略地图的组成部分。此外,“集成价值创造”的概念已经被提供作为将企业社会责任与组织能力概念联系起来的基础,组织能力概念在企业架构建模标准中得到了广泛的体现。在这种情况下,组织能力被认为是业务和社会利益的交叉点。整合信息用于在企业和利益相关者之间建立制度上的互动。鉴于此,企业社会责任的考虑已经从成本中心转变为利润中心或投资中心。在运用社会责任原则拓展企业能力的前提下,明确了协同效应的表现领域和可能出现的表现方向。为企业社会责任举措的改进提供了信息整合和透明接收的三维空间。
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引用次数: 0
RESEARCH ON THE DEVELOPMENT STRATEGY OF SPORTS BRANDS 运动品牌发展策略研究
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-109-119
V. Medvid, Yu Zhijiang
Strategy and strategic management are important components of sports brands management. However, there is less scientific research on the strategic management of sports brands. In order to explore the deep problems which exist in the process of the sports brands development, based on the theories of strategic management, brand strategy and marketing, the article unfolds a series of systematic analysis on sports brands strategic management related issues by methods which include literature data method, expert interview method, case analysis method and comparative research method. The authors start from the basic theory of sports brands, for example the connotation, characteristics and classification of sports brands, to analyze the meaning of sports brands strategy management and the present situation which current macro-environment, industry environment and sports organizations of sports brands development around the world. The article deeply discussed brand positioning strategy, brand identification strategy, brand promotion strategy, brand extension strategy, and brand innovation strategy from the view of theory and cases. Finally, the article comes to the conclusion and suggestions for strategic development of sports brands.
战略和战略管理是运动品牌管理的重要组成部分。然而,对运动品牌战略管理的科学研究较少。为了探究运动品牌发展过程中存在的深层次问题,本文以战略管理、品牌战略、市场营销等理论为基础,运用文献资料法、专家访谈法、案例分析法、比较研究法等方法,对运动品牌战略管理相关问题展开了一系列系统分析。本文从运动品牌的基本理论入手,如运动品牌的内涵、特点、分类等,分析了运动品牌战略管理的意义以及当前世界范围内宏观环境、产业环境和体育组织对运动品牌发展的现状。本文从理论和案例的角度对品牌定位策略、品牌识别策略、品牌推广策略、品牌延伸策略、品牌创新策略等进行了深入探讨。最后,文章得出结论并对运动品牌的战略发展提出建议。
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引用次数: 0
RENT PAYMENT: PROBLEMS, RISKS AND EFFECTIVENESS OF CONTROL IN THE SPHERE OF THE USE OF NATURAL RESOURCES 租金支付:自然资源利用领域的问题、风险和控制效果
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-45-56
Caesar Ohon
The article examines normative legal acts in the context of the implementation of state policy and the corresponding regulation of the practice of paying rent for the use of natural resources. The actual state and impact of the legislation on the completeness of accruals, the effectiveness of control and the timeliness of the receipt of rent payments to the budgets of Ukraine have been analyzed. The directions of the need to improve the current legislation regarding the regulation of the legal field in the
本文考察了国家政策实施背景下的规范性法律行为,以及对自然资源使用支付租金行为的相应规定。已经分析了立法对应计款项的完整性、控制的有效性和乌克兰预算收到租金付款的及时性的实际状况和影响。该方向需要完善现行关于法律规制领域的立法
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引用次数: 0
MANAGEMENT OF COMPETITIVENESS AND ECONOMIC SECURITY OF RELOCATED ENTERPRISES 搬迁企业竞争力与经济安全管理
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-24-44
L. Shaulska, I. Shcherb
According to the results of the conducted research, specific external and internal threats are identified, which are characteristic of the state of war and critically affect the level of competitiveness and economic security of Ukrainian enterprises; a systematization of development opportunities and achieving a state of economic security of Ukrainian enterprises under martial law in the context of a dualistic approach was carried out; in order to systematize and assess the possibility of use in Ukraine, the experience of countries participating in military conflicts with regard to new opportunities for business development and ensuring the economic security of enterprises in the war and post-war period was studied; an analysis of trends regarding the recovery of business activity of Ukrainian enterprises in the context of business relocation was carried out; thanks to the introduction of indicators of the capital intensity of the set of management measures to ensure the level of competitiveness for relocated enterprises, the possibility of selecting alternative options for management measures with a minimum level of investment support has been determined; the current algorithm, levels and tools of the state program for the relocation of enterprises from dangerous and temporarily occupied regions in the context of their economic security were investigated; examples of successful relocation of domestic enterprises to the western regions of Ukraine are described; promising directions of regulation and support of business relocation by the state are proposed; a complex of management measures was determined at the relocated enterprise in order to overcome the consequences of threats from military actions; based on the analysis of the set of necessary management measures, a triad management cycle of ensuring the competitiveness of relocated enterprises is determined; an author's approach to the development of an organizational and economic mechanism for managing the economic security of relocated enterprises in war conditions is proposed; the importance and prospects of the introduction of a people-oriented approach to the management of the economic security of domestic enterprises in conditions of war are substantiated in order to further change the economic vector of development, which should be aimed at the reproduction of human capital and the development of innovations.
根据所进行的研究结果,确定了具体的外部和内部威胁,这些威胁是战争状态的特征,严重影响乌克兰企业的竞争力和经济安全水平;在实行双重方针的情况下,使发展机会系统化,使乌克兰企业在戒严令下获得经济安全;为了系统化和评估在乌克兰使用的可能性,研究了参与军事冲突的国家在战争和战后时期商业发展的新机会和确保企业经济安全方面的经验;对在企业搬迁的背景下恢复乌克兰企业商业活动的趋势进行了分析;由于引进了确保搬迁企业竞争力水平的一套管理措施的资本密集度指标,确定了以最低投资支持水平选择管理措施备选方案的可能性;从经济安全的角度,研究了目前国家对危险地区和临时占领地区的企业搬迁方案的算法、水平和工具;介绍了国内企业成功迁往乌克兰西部地区的例子;提出了国家对企业搬迁的调控和支持方向;为了克服军事行动威胁的后果,在搬迁的企业确定了一系列管理措施;在分析一套必要的管理措施的基础上,确定了保证搬迁企业竞争力的三位一体管理周期;提出了一种组织经济机制的发展方法,以管理战争条件下搬迁企业的经济安全;在战争条件下对国内企业的经济安全采取以人为本的管理办法的重要性和前景得到证实,以便进一步改变发展的经济媒介,其目标应该是人力资本的再生产和创新的发展。
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引用次数: 0
THEORETICAL ASPECTS OF PRODUCT QUALITY 产品质量理论方面
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-89-97
Ihor Svitlyshyn, Iryna Svitlyshina
In the context of the development of European integration processes, there is an increase in the role of quality in general and product quality in particular in the activities of domestic enterprises, which creates the need, first of all, to improve the management system of economic entities. World experience confirms the hypothesis about the expediency of introducing a quality management subsystem into the management system of domestic enterprises, which ensures, along with other advantages, the production of quality products. However, the implementation of this task requires the presence of an appropriate theoretical base. Which led to the appearance of a fairly significant number of works by scientists and practitioners regarding the problem of the essence and ensuring the quality of products. The results of the analytical study of the scientific provisions regarding the theoretical aspects of product quality indicate the presence of generally several positions of scientists regarding the interpretation of the concept of "product quality". It was established that some positions of scientists are incomplete, others are debatable. Based on the provisions of international and domestic ISO standards, the results of research by scientists, as well as based on the practical experience of enterprises that have successfully implemented a quality management system in their own operations, the author's definition of the essence of the concept of "product quality" is proposed - as a result of the compliance of the product's own characteristics with the requirements ( needs and expectations) of the consumer and other key stakeholders, which (requirements) can be formulated, generally understood, mandatory, as well as not formulated, not generally understood and not mandatory, constantly progress and form their own product characteristics. Compared to the positions available in the scientific literature, this definition reflects all the key aspects of product quality and makes it possible to form an effective approach to its management at the enterprise. In addition, the essence and main types of the product's own characteristics are highlighted. The content of product requirements is revealed. The formulation of the concept of "interested party (stakeholder) of the enterprise" and their list in modern business conditions are given.
在欧洲一体化进程发展的背景下,一般质量,特别是产品质量在国内企业活动中的作用有所增加,这首先需要改善经济实体的管理制度。世界经验证实了在国内企业的管理体系中引入质量管理子系统是一种便利的假设,它可以保证生产出高质量的产品。然而,这项任务的实施需要有适当的理论基础。这导致了相当数量的科学家和从业者关于本质问题和确保产品质量的作品的出现。对有关产品质量理论方面的科学规定进行分析研究的结果表明,科学家对“产品质量”概念的解释通常存在几种立场。科学家的一些观点是不完整的,另一些观点是有争议的。根据国际和国内ISO标准的规定,科学家的研究成果,以及在自身运营中成功实施质量管理体系的企业的实践经验,作者对“产品质量”概念的本质进行了定义——由于产品自身的特性符合消费者和其他关键利益相关者的要求(需求和期望),其中(要求)可以制定、一般理解、强制性,也可以不制定、一般理解、非强制性,不断进步,形成自己的产品特性。与科学文献中现有的职位相比,这一定义反映了产品质量的所有关键方面,并使企业形成有效的管理方法成为可能。此外,还突出了产品自身特点的本质和主要类型。揭示产品需求的内容。给出了现代商业条件下“企业利益相关者”概念的表述及其清单。
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引用次数: 0
CURRENT TRENDS AND PROSPECTS OF TOURISM INDUSTRY DEVELOPMENT IN UKRAINE 乌克兰旅游业发展的当前趋势和前景
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-57-66
Halyna Filyuk, V. Kolosha
The article exposes an important role of the tourism in the socio-economic development of national economies under current conditions. Trends in the tourism development in Ukraine at the pre-pandemic period and before the full-scale invasion of the Russian Federation were identified. A SWOT analysis of the tourism industry in Ukraine was made. Hypotheses were proposed and recommendations were offered on the prospects of tourism development in the post-war period
本文揭示了在当前条件下,旅游业在国民经济社会经济发展中的重要作用。确定了大流行病爆发前和全面入侵俄罗斯联邦之前乌克兰旅游业发展的趋势。对乌克兰旅游业进行SWOT分析。对战后旅游业的发展前景提出了假设和建议
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引用次数: 0
COMMUNICATION STRATEGIES OF PUBLIC ADMINISTRATION BODIES IN THE IMPLEMENTATION OF ECONOMIC POLICY 公共行政机构在实施经济政策中的沟通策略
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-67-80
Oksana Zinovieva
The article looks into theoretical aspects of public authorities’ communication strategies aimed at interaction with business entities. The essence of communication strategy and its place in public authorities’ activities are defined. The main functions of communication strategies are outlined: policy formation, efficiency analysis, resources optimization, influence on business community, increasing the efficiency of public administration. The key types (informing, dialogue, consultation and partnership) and means of authorities–business communication are analyzed. It was found that informing and dialogue belong to the tactical level of interaction, consulting can be regarded as tactical-strategic level depending on the existing circumstances, while partnership reflects the strategic level of communications. The peculiarities of authorities’ cooperation with mass media in establishing communications with the business community are revealed in two directions: influence on the target audience through mass media and building ties with the journalistic community to obtain informational support for political activity. The principles of establishing effective communication between authorities and business are summarized: transparency, democracy, making a plan, regulatory support, willingness to interact, information flows coordination, target audience consideration. The stages of a communication strategy development for public policy implementation by a government body in interaction with the business community are defined: definition of the purpose and objectives; stakeholders identification in the business environment for the implementation of the government's economic policy; analysis of the current positioning of the public administration body, its role and place in the information space; development of individual information messages for prior and secondary stakeholders; assessment of the communication capacity of the authority; choosing forms and methods of communication and interaction with stakeholders; determination of the most effective communication channels for each group of stakeholders; development of a working plan for the implementation of the communication strategy; diagnosis of the expected effectiveness of communication strategy.
本文从理论层面探讨了公共权力机构与商业实体互动的沟通策略。界定了传播战略的本质及其在公共权力机构活动中的地位。概述了传播策略的主要功能:政策形成、效率分析、资源优化、影响企业界、提高公共管理效率。分析了当局与企业沟通的主要类型(通报、对话、协商和伙伴关系)和方式。研究发现,通报和对话属于互动的战术层面,咨询根据现有情况可视为战术-战略层面,而伙伴关系则反映了沟通的战略层面。当局与大众传媒合作与企业界建立联系的特点体现在两个方面:通过大众传媒对目标受众施加影响,以及与新闻界建立联系,为政治活动获得信息支持。当局和企业之间建立有效沟通的原则总结为:透明、民主、制定计划、监管支持、愿意互动、信息流协调、考虑目标受众。定义了政府机构在与商界互动中实施公共政策的传播战略发展的阶段:目的和目标的定义;在实施政府经济政策的商业环境中识别利益相关者;分析当前公共行政主体的定位及其在信息空间中的作用和地位;为优先和次要利益相关者制定个人信息信息;评估当局的通讯能力;选择与利益相关者沟通和互动的形式和方法;确定每个利益相关者群体最有效的沟通渠道;制定执行传播战略的工作计划;传播策略预期有效性的诊断。
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引用次数: 0
STATE AND REGIONAL INVESTMENT IN THE DEVELOPMENT OF RURAL AREAS (INFRASTRUCTURAL ASPECT) 国家和地区对农村地区发展的投资(基础设施方面)
Pub Date : 2022-09-01 DOI: 10.32752/1993-6788-2022-1-255-81-88
I. Shtuler
The article is devoted to the study of state and regional investment in the development of rural areas, taking into account the infrastructural aspect In today's conditions of rapid development of digital technologies, structural economic changes and changes in the state of the surrounding natural environment, it becomes especially important when the environment in which the development of rural areas is characterized by a high degree of uncertainty and unpredictability, the availability of their state and regional support is extremely important. It was established that life in rural areas has its own specifics and features, and its infrastructural support is characterized by the following aspects. It was determined that the issues of state and regional investment require the solution of special problems faced in rural areas, but these problems have, surprisingly, a number of advantages. The main internal factors of state and regional investment with regard to the infrastructural aspect include: level of qualification, intellectual potential, motivation, family traditions, religion, belonging to the social environment, etc. The main external factors of state and regional investment with regard to the infrastructural aspect include: demographic processes, legal norms, infrastructure, the state support system, the level of production development, the state of the natural environment, etc. A comparison of the rural areas of the oblasts was made in terms of infrastructure. The highest level of infrastructural provision is characterized by such regions as: Lviv, Ternopil, and Poltava. Mykolaiv, Kirovohrad and Transcarpathian regions are characterized by the lowest level of infrastructure support. Also, one of the painful issues noted not only by scientists or practitioners, but by all citizens is the unsatisfactory condition of road surfaces in rural areas. Although in some regions the "Major Construction" Program is being implemented quite successfully
本文致力于研究国家和地区对农村发展的投资,考虑到基础设施方面在当今数字技术快速发展,经济结构变化和周围自然环境变化的条件下,当农村发展的环境具有高度不确定性和不可预测性时,这一点变得尤为重要。获得州和地区的支持是极其重要的。确立了农村生活有其特殊性和特点,农村基础设施保障具有以下几个方面的特点。人们确定,国家和区域投资的问题需要解决农村地区面临的特殊问题,但令人惊讶的是,这些问题有许多优点。在基础设施方面,国家和地区投资的主要内部因素包括:资格水平、智力潜力、动机、家庭传统、宗教、属于社会环境等。在基础设施方面,国家和地区投资的主要外部因素包括:人口进程、法律规范、基础设施、国家支持系统、生产发展水平、自然环境状况等。在基础设施方面对各州农村地区进行了比较。基础设施提供的最高水平是这样的地区:利沃夫,捷尔诺波尔和波尔塔瓦。尼古拉耶夫、基罗沃赫拉德和外喀尔巴阡地区的特点是基础设施支持水平最低。此外,不仅科学家或从业人员,而且所有公民都注意到一个令人痛苦的问题,那就是农村地区的路面状况令人不满意。尽管在一些地区,“重大建设”计划的实施相当成功
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引用次数: 0
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Actual Problems of Economics
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