Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-6
O. Sova, L. Voliak, Viktoriia Khmurova
The article is devoted to the current topic of environmental protection through the joint efforts of government and business with the help of innovative schemes for attracting investments in ecological developments. Based on data from international organizations, a thorough study of global trends in the use of green bonds as a financing tool for environmentally important projects has been conducted. The changing climate of our planet requires the adaptation of sustainable development goals to the challenges of our time. And such an effective mechanism is green financing. Green bonds are considered as an impact investing mechanism. The participants in the initiation of the standardization process of green bonds and the parameters for obtaining the status of green securities have been determined. Using a number of literary sources, the authors substantiated the strengths and weaknesses of the green bond market. The regional aspect of green bond issuance is reinforced by the examples of leading issuing countries. The position of the European continent as a leader in issuing green bonds has been argued. The annual value of green bonds and directions for using the proceeds have been analyzed. The development trends and global potential of the green bond market have been substantiated. The authors have indicated the directions of green investment in unstable market conditions and summarized the common features of green financing. The ETF’s place in the chain of attracting investors to the green bond market has been determined. The article illustrates the dynamics of the main green bonds indices with an explanation of their selection criteria. It has been emphasized that modern society purposefully begins to use climate finance markets more effectively for a step-by-step transition to a green economy. Obstacles on the way to the expansion of operations on the green bond market have been specified. The prospects for the further development of the green financing market have been outlined to strengthen the synergy of ecology and finance
{"title":"RATIONALES FOR EFFICIENT AND EFFECTIVE GREEN FINANCING UNDER EMERGENCY RULES","authors":"O. Sova, L. Voliak, Viktoriia Khmurova","doi":"10.32342/2074-5354-2023-2-59-6","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-6","url":null,"abstract":"The article is devoted to the current topic of environmental protection through the joint efforts of government and business with the help of innovative schemes for attracting investments in ecological developments. Based on data from international organizations, a thorough study of global trends in the use of green bonds as a financing tool for environmentally important projects has been conducted. The changing climate of our planet requires the adaptation of sustainable development goals to the challenges of our time. And such an effective mechanism is green financing. Green bonds are considered as an impact investing mechanism. The participants in the initiation of the standardization process of green bonds and the parameters for obtaining the status of green securities have been determined. Using a number of literary sources, the authors substantiated the strengths and weaknesses of the green bond market. The regional aspect of green bond issuance is reinforced by the examples of leading issuing countries. The position of the European continent as a leader in issuing green bonds has been argued. The annual value of green bonds and directions for using the proceeds have been analyzed. The development trends and global potential of the green bond market have been substantiated. The authors have indicated the directions of green investment in unstable market conditions and summarized the common features of green financing. The ETF’s place in the chain of attracting investors to the green bond market has been determined. The article illustrates the dynamics of the main green bonds indices with an explanation of their selection criteria. It has been emphasized that modern society purposefully begins to use climate finance markets more effectively for a step-by-step transition to a green economy. Obstacles on the way to the expansion of operations on the green bond market have been specified. The prospects for the further development of the green financing market have been outlined to strengthen the synergy of ecology and finance","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"45 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84914287","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-20
V. Smiesova, S. Kozhushko, R. Kliuchnyk
The article is devoted to the main challenges faced by modern tourism. The importance of tourism in the context of economic growth in modern conditions has been explained. Economic and sociological approaches, which reflect the main spectrum of modern challenges for the tourism industry, have been highlighted. The usefulness of the economic approach for studying the role of tourism and its contribution to the country’s economy and economic development has been proven. The possibility of using a sociological approach to study the structure, functioning and development of tourism as a social phenomenon in its connection with social, political, economic and cultural dimensions of society has been demonstrated. The author’s classification of factors (as well as challenges) that affect the tourism business has been presented. Two groups of factors have been distinguished: 1) natural and man-made; 2) socioeconomic and political. Natural factors, such as earthquakes, volcanic eruptions, tsunamis, typhoons, floods, pandemics make tourism dangerous. Man-made factors include incidents, disasters, accidents in industry, crowded places, transport accidents, etc. A list of examples of transport accidents in which a large number of tourists were injured and died has been given. Socio-economic and political factors include the actions or inaction of people, individual groups, enterprises, states, international organizations, etc. Thus, the bankruptcy of a tourist or other company prevents the fulfillment of obligations to tourists. A workers’ strike often affects people who are not directly related to it and are indirectly involved in the conflict. Thus, air transport workers strike lead to flight delays and cancellations, that influences tourism business. Political processes can also cause problems to tourism business. It has been emphasized that poverty, social instability, unpopular decisions of the government or local authorities often lead to riots. At the same time, we have noted that tourists may suffer during these disturbances due to a number of certain reasons. Political crises, revolutions and coups d’état change the political landscape of a country, its legal norms, conditions for crossing the border, etc. Examples of Sri Lanka, Myanmar, Thailand, and other countries that experienced coups or mass protests have been given. Particular attention has been paid to terrorism as a hazard factor. Examples of terrorist acts directed against tourists have been given. The destructive influence of hostilities on tourism has been proven, but it has been shown that tourists can be attracted to places associated with war. Special attention has been paid to the problem of recognition of states.
{"title":"MAIN CHALLENGES TO TOURISM DEVELOPMENT: AN ATTEMPT AT CLASSIFICATION","authors":"V. Smiesova, S. Kozhushko, R. Kliuchnyk","doi":"10.32342/2074-5354-2023-2-59-20","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-20","url":null,"abstract":"The article is devoted to the main challenges faced by modern tourism. The importance of tourism in the context of economic growth in modern conditions has been explained. Economic and sociological approaches, which reflect the main spectrum of modern challenges for the tourism industry, have been highlighted. The usefulness of the economic approach for studying the role of tourism and its contribution to the country’s economy and economic development has been proven. The possibility of using a sociological approach to study the structure, functioning and development of tourism as a social phenomenon in its connection with social, political, economic and cultural dimensions of society has been demonstrated. The author’s classification of factors (as well as challenges) that affect the tourism business has been presented. Two groups of factors have been distinguished: 1) natural and man-made; 2) socioeconomic and political. Natural factors, such as earthquakes, volcanic eruptions, tsunamis, typhoons, floods, pandemics make tourism dangerous. Man-made factors include incidents, disasters, accidents in industry, crowded places, transport accidents, etc. A list of examples of transport accidents in which a large number of tourists were injured and died has been given. Socio-economic and political factors include the actions or inaction of people, individual groups, enterprises, states, international organizations, etc. Thus, the bankruptcy of a tourist or other company prevents the fulfillment of obligations to tourists. A workers’ strike often affects people who are not directly related to it and are indirectly involved in the conflict. Thus, air transport workers strike lead to flight delays and cancellations, that influences tourism business. Political processes can also cause problems to tourism business. It has been emphasized that poverty, social instability, unpopular decisions of the government or local authorities often lead to riots. At the same time, we have noted that tourists may suffer during these disturbances due to a number of certain reasons. Political crises, revolutions and coups d’état change the political landscape of a country, its legal norms, conditions for crossing the border, etc. Examples of Sri Lanka, Myanmar, Thailand, and other countries that experienced coups or mass protests have been given. Particular attention has been paid to terrorism as a hazard factor. Examples of terrorist acts directed against tourists have been given. The destructive influence of hostilities on tourism has been proven, but it has been shown that tourists can be attracted to places associated with war. Special attention has been paid to the problem of recognition of states.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"14 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80950596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-19
N.M. Chaplynska, Pavlo V. Makeienko
The article examines the preconditions for the aggravation of the energy danger for Ukraine and the world as a whole, in particular in the context of the strengthening of the economic crisis and war in Ukraine. The issue of compliance by energy organizations with the International Climate Paris Agreement and the achievement of the Global Sustainable Development Goals by 2030 were studied. The component indicators of the global index of energy innovations were analyzed. The main global energy indicators and their results in 2021 compared to 2020 were monitored. The paper also estimates domestic electricity consumption in the world by country in 2021, as well as trends in the growth of global energy consumption in general and by continent in 2021 compared to 2020. The result of such trends was that the consequences of sanitary measures and the economic crisis of 2020 was felt mainly in the sphere of services, transport and carbon-intensive electricity production. The authors considered the key changes in the field of energy in the world in 2021 compared to 2020 and the dynamics of CO2 emissions related to energy in the G20 countries in recent years and based on this justified the forecast of European gas prices and the price of Brent oil to 2026 year. The main characteristics of countries with a high index of global energy innovation were considered. It was found that, for example, the Norwegian government had developed a strategy for carbon capture and storage (CCS), which aimed to identify measures to promote technology development and reduce the costs of CCS. It was found that the main goal of the EU regarding the share of renewable energy sources is 32% of the final energy consumption by 2030. This target was not distributed among the Member States, but the share of renewable energy sources in the Member States should be at least the same as in 2020. In the article, the authors examined the stages of state regulation of the innovation policy of the energy sector of Ukraine and substantiated the place of the energy sector in the national innovation policy of Ukraine. Formation of innovation policy in the energy sector of Ukraine requires definition of the concept and strategic plans of its innovative development. In particular, it was found that one of these priority areas should be renewable energy (wind, solar, etc.). The result of the authors’ scientific research is that the innovative system of the energy sector is a fairly developed network intellectual structure that connects research and design organizations belonging to different sectors of the economy. Using the potential of the positive influence of a number of important global factors should be the basis of the transformation of innovative management of energy industry organizations in Ukraine.
{"title":"INNOVATIVE SOLUTIONS FOR ENSURING ENERGY SECURITY OF UKRAINE AND THE WORLD","authors":"N.M. Chaplynska, Pavlo V. Makeienko","doi":"10.32342/2074-5354-2023-2-59-19","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-19","url":null,"abstract":"The article examines the preconditions for the aggravation of the energy danger for Ukraine and the world as a whole, in particular in the context of the strengthening of the economic crisis and war in Ukraine. The issue of compliance by energy organizations with the International Climate Paris Agreement and the achievement of the Global Sustainable Development Goals by 2030 were studied. The component indicators of the global index of energy innovations were analyzed. The main global energy indicators and their results in 2021 compared to 2020 were monitored. The paper also estimates domestic electricity consumption in the world by country in 2021, as well as trends in the growth of global energy consumption in general and by continent in 2021 compared to 2020. The result of such trends was that the consequences of sanitary measures and the economic crisis of 2020 was felt mainly in the sphere of services, transport and carbon-intensive electricity production. The authors considered the key changes in the field of energy in the world in 2021 compared to 2020 and the dynamics of CO2 emissions related to energy in the G20 countries in recent years and based on this justified the forecast of European gas prices and the price of Brent oil to 2026 year. The main characteristics of countries with a high index of global energy innovation were considered. It was found that, for example, the Norwegian government had developed a strategy for carbon capture and storage (CCS), which aimed to identify measures to promote technology development and reduce the costs of CCS. It was found that the main goal of the EU regarding the share of renewable energy sources is 32% of the final energy consumption by 2030. This target was not distributed among the Member States, but the share of renewable energy sources in the Member States should be at least the same as in 2020. In the article, the authors examined the stages of state regulation of the innovation policy of the energy sector of Ukraine and substantiated the place of the energy sector in the national innovation policy of Ukraine. Formation of innovation policy in the energy sector of Ukraine requires definition of the concept and strategic plans of its innovative development. In particular, it was found that one of these priority areas should be renewable energy (wind, solar, etc.). The result of the authors’ scientific research is that the innovative system of the energy sector is a fairly developed network intellectual structure that connects research and design organizations belonging to different sectors of the economy. Using the potential of the positive influence of a number of important global factors should be the basis of the transformation of innovative management of energy industry organizations in Ukraine.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"17 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81059509","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-7
I. Korsun, Myroslava Zinchenko, S.V. Makhno, D.Yu. Myronenko
The article highlights the problem of financing state budget expenditures in the conditions of the war and post-war market economy, which, for objective reasons, has a significant social burden. The study found that the new paradigm of public financing in the conditions of the war and postwar social-oriented market economy should solve three key tasks: to sufficient finance the defense sector of Ukraine, modernization of the army of Ukraine; to ensure the systematic growth of the main macroeconomic indicators, in particular, the inflow of new foreign investments and, as a result, and, as a result, guarantee an adequate and fair social security system for vulnerable segments of the population and certain social categories of citizens, including those participating in hostilities. The main macroeconomic indicators and indicators of the State Budget of Ukraine in 2018-2023 were studied, and the thesis of significant social pressure on the country’s budget was confirmed. The authours tracked changes in the structure of budget expenditures in 2018-2023 in various key sectors of the economy, in particular, a significant increase in expenditures from the State budget for the defense sector, which was caused by the war. In this regard, an attemt was made to analyse the best practices of foreign countries that faced the situation of limited budgetary funds, crisis tendencies in the economy, accumulation of social pressure and escalation of the military conflict. In particular, the experience of Israel, Turkey and China was analysed. Based on the analysis of the experience of other countries, the authours proposed a model of public-private partnership in the development and support of the post-war socially oriented economy of Ukraine. The model identifies the key participants and the relationship between them on issues of interaction in filling the main budget items, financing key investment-intensive sectors of the economy. The state investment platform «Advantage Ukraine» identifies the following investment-intensive sectors: logistics and infrastructure of 30 projects; defense-industrial complex from 10 projects; energy from 50 projects; agro-industrial complex from 300 projects; pharmaceuticals of 30 projects and others. Therefore, we can conclude that the state and the government are already moving in the outlined direction of public-private partnership, which actually makes the proposed model relevant. As a result of applying the proposed model of public-private partnership, its economic effect was determined, which boils down to the systemic macroeconomic growth of Ukraine, the scaling of investment projects, the development of science in Ukraine, and the overcoming of socio-economic contradictions in the development of Ukraine.
{"title":"THE PARADIGM OF THE FINANCING OF STATE BUDGET EXPENDITURES OF UKRAINE IN THE CONDITIONS OF THE WAR AND POST-WAR SOCIAL-ORIENTED MARKET ECONOMY","authors":"I. Korsun, Myroslava Zinchenko, S.V. Makhno, D.Yu. Myronenko","doi":"10.32342/2074-5354-2023-2-59-7","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-7","url":null,"abstract":"The article highlights the problem of financing state budget expenditures in the conditions of the war and post-war market economy, which, for objective reasons, has a significant social burden. The study found that the new paradigm of public financing in the conditions of the war and postwar social-oriented market economy should solve three key tasks: to sufficient finance the defense sector of Ukraine, modernization of the army of Ukraine; to ensure the systematic growth of the main macroeconomic indicators, in particular, the inflow of new foreign investments and, as a result, and, as a result, guarantee an adequate and fair social security system for vulnerable segments of the population and certain social categories of citizens, including those participating in hostilities. The main macroeconomic indicators and indicators of the State Budget of Ukraine in 2018-2023 were studied, and the thesis of significant social pressure on the country’s budget was confirmed. The authours tracked changes in the structure of budget expenditures in 2018-2023 in various key sectors of the economy, in particular, a significant increase in expenditures from the State budget for the defense sector, which was caused by the war. In this regard, an attemt was made to analyse the best practices of foreign countries that faced the situation of limited budgetary funds, crisis tendencies in the economy, accumulation of social pressure and escalation of the military conflict. In particular, the experience of Israel, Turkey and China was analysed. Based on the analysis of the experience of other countries, the authours proposed a model of public-private partnership in the development and support of the post-war socially oriented economy of Ukraine. The model identifies the key participants and the relationship between them on issues of interaction in filling the main budget items, financing key investment-intensive sectors of the economy. The state investment platform «Advantage Ukraine» identifies the following investment-intensive sectors: logistics and infrastructure of 30 projects; defense-industrial complex from 10 projects; energy from 50 projects; agro-industrial complex from 300 projects; pharmaceuticals of 30 projects and others. Therefore, we can conclude that the state and the government are already moving in the outlined direction of public-private partnership, which actually makes the proposed model relevant. As a result of applying the proposed model of public-private partnership, its economic effect was determined, which boils down to the systemic macroeconomic growth of Ukraine, the scaling of investment projects, the development of science in Ukraine, and the overcoming of socio-economic contradictions in the development of Ukraine.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"29 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85878978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-15
I. Zaichko, L. Bohrinovtseva, Y. Verheliuk, O. Purdenko
The purpose of the study is to develop effective ways to solve the problems of managing the quality of the loan portfolio of the Ukrainian banking sector in the context of the financial crisis caused by the russian-Ukrainian war. In the course of the study, such scientific methods as fundamental provisions of the credit portfolio theory, multifactor regression analysis, extrapolation, trend analysis, mathematical programming, etc. have been used. A methodical approach to the study of contemporary problems and prospects of loan portfolio quality management under martial law, consisting in modelling the profitability of the Ukrainian banking sector, taking into account the quality of the loan portfolio, has been proposed. This approach is implemented by constructing a two-factor power regression equation; forecasting with the establishment of confidence intervals and the development of 3 forecast scenarios (realistic, pessimistic and optimistic); solving the target function to maximize the profit of the banking sector, taking into account the restrictions formed on the basis of forecasting results. A power model of dependence of Ukrainian banking sector profitability on the volume of loan portfolio and non-performing loans has been built and its statistical significance has been established on the basis of official statistics for 2012–2022. It has been determined that an increase in the volume of the bank loan portfolio by 1% leads to an increase in bank income by 3.1%, while an increase in the volume of non-performing loans by 1% leads to a 0.28% reduction in revenues of the banking sector of Ukraine. The loan portfolio and NPL series have been extrapolated to 2023–2025, which is consistent with the medium-term, as long-term projections would be unreliable under martial law and deep recession. According to the results of medium-term forecasting and optimization, it has been proved that the maximum growth of bank revenues by 60.4%, compared to 2022, is possible with an increase in the loan portfolio by 18.9%, a reduction of non-performing loans by 26% and a reduction of their share in the loan portfolio by 13.9%. It has been justified that the key condition for maximising bank revenues is the soonest termination of the russian-Ukrainian war and further expansion of effective government concessional lending programs. In particular, the effectiveness of the state program “Affordable Loans 5–7–9%”, which provided 19% of the bank loan portfolio in Ukraine and became a key mechanism of anti-crisis business support both during the COVID-19 pandemic and during the large-scale invasion from 2022 during the russian-Ukrainian war, has been substantiated.
{"title":"CURRENT CHALLENGES AND PROSPECTS OF LOAN PORTFOLIO QUALITY MANAGEMENT IN WARTIME: THE CASE OF UKRAINE","authors":"I. Zaichko, L. Bohrinovtseva, Y. Verheliuk, O. Purdenko","doi":"10.32342/2074-5354-2023-2-59-15","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-15","url":null,"abstract":"The purpose of the study is to develop effective ways to solve the problems of managing the quality of the loan portfolio of the Ukrainian banking sector in the context of the financial crisis caused by the russian-Ukrainian war. In the course of the study, such scientific methods as fundamental provisions of the credit portfolio theory, multifactor regression analysis, extrapolation, trend analysis, mathematical programming, etc. have been used. A methodical approach to the study of contemporary problems and prospects of loan portfolio quality management under martial law, consisting in modelling the profitability of the Ukrainian banking sector, taking into account the quality of the loan portfolio, has been proposed. This approach is implemented by constructing a two-factor power regression equation; forecasting with the establishment of confidence intervals and the development of 3 forecast scenarios (realistic, pessimistic and optimistic); solving the target function to maximize the profit of the banking sector, taking into account the restrictions formed on the basis of forecasting results. A power model of dependence of Ukrainian banking sector profitability on the volume of loan portfolio and non-performing loans has been built and its statistical significance has been established on the basis of official statistics for 2012–2022. It has been determined that an increase in the volume of the bank loan portfolio by 1% leads to an increase in bank income by 3.1%, while an increase in the volume of non-performing loans by 1% leads to a 0.28% reduction in revenues of the banking sector of Ukraine. The loan portfolio and NPL series have been extrapolated to 2023–2025, which is consistent with the medium-term, as long-term projections would be unreliable under martial law and deep recession. According to the results of medium-term forecasting and optimization, it has been proved that the maximum growth of bank revenues by 60.4%, compared to 2022, is possible with an increase in the loan portfolio by 18.9%, a reduction of non-performing loans by 26% and a reduction of their share in the loan portfolio by 13.9%. It has been justified that the key condition for maximising bank revenues is the soonest termination of the russian-Ukrainian war and further expansion of effective government concessional lending programs. In particular, the effectiveness of the state program “Affordable Loans 5–7–9%”, which provided 19% of the bank loan portfolio in Ukraine and became a key mechanism of anti-crisis business support both during the COVID-19 pandemic and during the large-scale invasion from 2022 during the russian-Ukrainian war, has been substantiated.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"7 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76984688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-8
T. Sus, Iryna Stoianenko, O. Penkova, O. Makushok
The purpose of the study is to improve the methodological support for the assessment of the financial efficiency of the agricultural sector of Ukraine under the influence of the innovative potential management of its resource provision. The main scientific methods used in the study are fundamental provisions of the theory of innovation and finance, correlation and multifactor regression analysis, mathematical programming, etc. According to the results of the conducted research the parameter of technological progress as an indicator of the level of innovation development of the agrarian sector of the Ukrainian economy was obtained after modelling of autoregressive multiplicative Tinbergen-Solow production function. The numerical value of the technological progress parameter indicates a potential for additional growth in agricultural output of +0.142%, while other conditions remain unchanged. 23 indicators of the state of the resource provision of the agricultural sector were systematized in 4 groups: the results of the production activity of the agricultural sector (6 indicators), the resource supply of the agricultural sector (8 indicators), the efficiency of the use of resources by agricultural enterprises (4 indicators), and sustainability of the financial condition of agricultural enterprises (5 indicators). A power-law four-factor regression model of the impact of the output volume of the agricultural sector, the value of current assets, return on capital and the current liquidity ratio on the volume of net profit of agricultural enterprises of Ukraine was obtained. It is proved that the elasticity of net profit for agricultural output is 0.01%, for the value of current assets - 1.46%, for capital accumulation - 0.72%, for current liquidity - 3.2%. We constructed the target functions of maximization of the agricultural production output on the basis of the Tinbergen-Solow production function, net profit on the basis of the four-factor power model of net profit, return on equity on the basis of the two-factor DuPont model for the short term. The solving of target functions allowed for maximization of the return on equity of agrarian enterprises of Ukraine only at the expense of the existing innovation potential of production resources and will be used in further research by the authors.
{"title":"ASSESSING THE IMPACT OF RESOURCE INNOVATION POTENTIAL ON THE FINANCIAL EFFICIENCY OF THE UKRAINIAN AGRICULTURAL SECTOR","authors":"T. Sus, Iryna Stoianenko, O. Penkova, O. Makushok","doi":"10.32342/2074-5354-2023-2-59-8","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-8","url":null,"abstract":"The purpose of the study is to improve the methodological support for the assessment of the financial efficiency of the agricultural sector of Ukraine under the influence of the innovative potential management of its resource provision. The main scientific methods used in the study are fundamental provisions of the theory of innovation and finance, correlation and multifactor regression analysis, mathematical programming, etc. According to the results of the conducted research the parameter of technological progress as an indicator of the level of innovation development of the agrarian sector of the Ukrainian economy was obtained after modelling of autoregressive multiplicative Tinbergen-Solow production function. The numerical value of the technological progress parameter indicates a potential for additional growth in agricultural output of +0.142%, while other conditions remain unchanged. 23 indicators of the state of the resource provision of the agricultural sector were systematized in 4 groups: the results of the production activity of the agricultural sector (6 indicators), the resource supply of the agricultural sector (8 indicators), the efficiency of the use of resources by agricultural enterprises (4 indicators), and sustainability of the financial condition of agricultural enterprises (5 indicators). A power-law four-factor regression model of the impact of the output volume of the agricultural sector, the value of current assets, return on capital and the current liquidity ratio on the volume of net profit of agricultural enterprises of Ukraine was obtained. It is proved that the elasticity of net profit for agricultural output is 0.01%, for the value of current assets - 1.46%, for capital accumulation - 0.72%, for current liquidity - 3.2%. We constructed the target functions of maximization of the agricultural production output on the basis of the Tinbergen-Solow production function, net profit on the basis of the four-factor power model of net profit, return on equity on the basis of the two-factor DuPont model for the short term. The solving of target functions allowed for maximization of the return on equity of agrarian enterprises of Ukraine only at the expense of the existing innovation potential of production resources and will be used in further research by the authors.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"39 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81110845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-3
Valentyna O. Havrylenko, Vеra I. Chyzh, Y. Pasternak, Yana Gavrylenko
The article provides a comprehensive assessment of the state and trends of the labor market in Ukraine and the Cherkasy region. The general situation in the labor market of Ukraine and the Cherkasy region in 2015-2022 has been considered. General and special indicators of population employment, unemployment, demand and supply of labor force have been studied. The analysis has been carried out according to the articles of the section, professional groups and areas of employment. It has been established that forced migration and the need to relocate enterprises due to hostilities have changed the structure of the labor market in Ukraine, the structure of supply and demand for jobs, and the saturation of specialists in the regions. In the regions most affected by the military aggression of the russian federation, the number of jobs and competition has decreased. The imbalance between the demand and supply of labor has become significant. Demand for labor has plummeted due to the inability to work in war zones, declining demand for goods and services and logistical problems and uncertainty about the future. The results of the analysis of the number of unemployed indicate that both in the Cherkasy region and in Ukraine as a whole, the number of people who could not realize their right to work and receive wages (remuneration) as a source of livelihood is growing. In 2019-2021, it was affected by the self-isolation regime, and in 2022 by military operations. It has been determined that the level of registered unemployment in the Cherkasy region in 2015-2021 was always higher than in the whole country. The ratio between the number of registered unemployed, the number of vacancies and the number of applicants for one vacancy, by type of economic activity as of January 1, 2023 in the Cherkasy region has been established. In addition to that the authors have established a change in the approach to hiring employees. More applicants for one vacancy allow employers to increase the requirements for applicants and reduce wages. Accordingly, a certain number of employees are ready to change their profession, find additional work, and accept lower wages. As we can see, there are signs of an employer-dominated labor market. Measures to stabilize the internal labor market at the state and regional levels have been proposed. Further on, the paper identifies trends that Ukrainians should expect on the labor market in the coming years. Finally, the authors specify industries and professions that will be in the list of high demand jobs in future and whose development will help the Ukrainians to adapt to changes and find themselves in a professional realization to restore or the restore the state after the victory.
{"title":"CURRENT STATUS, MAIN TRENDS AND DIRECTIONS OF LABOR MARKET STABILIZATION IN UKRAINE AND CHERKASY REGION","authors":"Valentyna O. Havrylenko, Vеra I. Chyzh, Y. Pasternak, Yana Gavrylenko","doi":"10.32342/2074-5354-2023-2-59-3","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-3","url":null,"abstract":"The article provides a comprehensive assessment of the state and trends of the labor market in Ukraine and the Cherkasy region. The general situation in the labor market of Ukraine and the Cherkasy region in 2015-2022 has been considered. General and special indicators of population employment, unemployment, demand and supply of labor force have been studied. The analysis has been carried out according to the articles of the section, professional groups and areas of employment. It has been established that forced migration and the need to relocate enterprises due to hostilities have changed the structure of the labor market in Ukraine, the structure of supply and demand for jobs, and the saturation of specialists in the regions. In the regions most affected by the military aggression of the russian federation, the number of jobs and competition has decreased. The imbalance between the demand and supply of labor has become significant. Demand for labor has plummeted due to the inability to work in war zones, declining demand for goods and services and logistical problems and uncertainty about the future. The results of the analysis of the number of unemployed indicate that both in the Cherkasy region and in Ukraine as a whole, the number of people who could not realize their right to work and receive wages (remuneration) as a source of livelihood is growing. In 2019-2021, it was affected by the self-isolation regime, and in 2022 by military operations. It has been determined that the level of registered unemployment in the Cherkasy region in 2015-2021 was always higher than in the whole country. The ratio between the number of registered unemployed, the number of vacancies and the number of applicants for one vacancy, by type of economic activity as of January 1, 2023 in the Cherkasy region has been established. In addition to that the authors have established a change in the approach to hiring employees. More applicants for one vacancy allow employers to increase the requirements for applicants and reduce wages. Accordingly, a certain number of employees are ready to change their profession, find additional work, and accept lower wages. As we can see, there are signs of an employer-dominated labor market. Measures to stabilize the internal labor market at the state and regional levels have been proposed. Further on, the paper identifies trends that Ukrainians should expect on the labor market in the coming years. Finally, the authors specify industries and professions that will be in the list of high demand jobs in future and whose development will help the Ukrainians to adapt to changes and find themselves in a professional realization to restore or the restore the state after the victory.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"17 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88711040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-9
Andrii A. Hutorov, Lyudmila I. Kurylo, Anastasiia D. Mostova, O. Sirenko
The article summarizes and systematizes the theoretical and methodological principles of the management and marketing transformation caused by the COVID-19 pandemic. The topic of the research is relevant because the risks of most types of economic activities have increased in the conditions of the coronavirus crisis. These factors caused changes in consumer behavior and led to corresponding transformations in the management and marketing activities of business entities. The theoretical and analytical basis of the article includes fundamental works of scientists, statistical data of the State Statistics Service of Ukraine and leading consulting agencies. Methods of abstract-logical generalization, systematic and historical analysis and synthesis, monographic and survey-analytical, graphic methods were used in the research. It was determined that significant macroeconomic imbalances appeared in the conditions of the coronavirus crisis, the way of life changed, and society became less cohesive and mobile. Destruction of added value chains, logistics networks, decrease in total business activity of business entities led to a general deterioration of the population’s living standards and the parameters of their consumer confidence. It is shown that the COVID-19 pandemic contributed to changes in the hierarchy of consumer needs of Ukrainians, shifting the focus to physiological and safety needs. Therefore, most of the marketing trends during the coronavirus crisis in Ukraine are related to social distancing, seclusion of people and fear of disease. It has been established that the main tools of marketing
{"title":"TRANSFORMATION OF APPROACHES IN MANAGEMENT AND MARKETING DUE TO THE COVID-19 PANDEMIC","authors":"Andrii A. Hutorov, Lyudmila I. Kurylo, Anastasiia D. Mostova, O. Sirenko","doi":"10.32342/2074-5354-2023-2-59-9","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-9","url":null,"abstract":"The article summarizes and systematizes the theoretical and methodological principles of the management and marketing transformation caused by the COVID-19 pandemic. The topic of the research is relevant because the risks of most types of economic activities have increased in the conditions of the coronavirus crisis. These factors caused changes in consumer behavior and led to corresponding transformations in the management and marketing activities of business entities. The theoretical and analytical basis of the article includes fundamental works of scientists, statistical data of the State Statistics Service of Ukraine and leading consulting agencies. Methods of abstract-logical generalization, systematic and historical analysis and synthesis, monographic and survey-analytical, graphic methods were used in the research. It was determined that significant macroeconomic imbalances appeared in the conditions of the coronavirus crisis, the way of life changed, and society became less cohesive and mobile. Destruction of added value chains, logistics networks, decrease in total business activity of business entities led to a general deterioration of the population’s living standards and the parameters of their consumer confidence. It is shown that the COVID-19 pandemic contributed to changes in the hierarchy of consumer needs of Ukrainians, shifting the focus to physiological and safety needs. Therefore, most of the marketing trends during the coronavirus crisis in Ukraine are related to social distancing, seclusion of people and fear of disease. It has been established that the main tools of marketing","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"3 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89979601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-16
Z. Varnalii, O. Cheberyako, N. Miedviedkova, Mykhailo D. Sharkov
The features of developing a smart city in war conditions are studied. In conditions of danger, the developed infrastructure of the city can help its residents, which is what the “smart city” is focused on in its human-centric approach. The international experience of ensuring the safety and resource-saving of a smart city in emergencies has been studied: initiatives to combine technologies and people; creation of “green” and “smart” construction laboratories; energy resource management system; methods for incorporating technical and social development into improving the quality of life; robotic systems that help to properly use resources in the event of a threat. The role of a smart city in ensuring a person’s social security in the context of a full-scale Russian invasion of Ukraine and the features of cooperation between the private and public sectors when launching smart city initiatives is analyzed. The place of small and medium-sized businesses in the provision of services in the first months of the war was found: providing the population with food and medicine, free travel on some routes, free Internet services in shelters, which helped people receive timely notifications and stay in touch with their relatives. We concluded that projects that increase the safety of citizens and provide equipment for shelters or their modernization, as well as energy-saving measures, are extremely important in a war. Therefore, ways to balance between human social security and smart city resource saving in times of war include the following: the use of public-private partnership (when private capital is attracted, part of the budget funds is released and can be directed to the implementation of other strategic and important projects in smart cities), providing benefits to projects to improve human security and energy conservation due to damage to energy infrastructure facilities, as well as social projects aimed at improving living conditions and social adaptation of people.
{"title":"SMART CITY IN ENSURING HUMAN SOCIAL SECURITY IN WAR CONDITIONS","authors":"Z. Varnalii, O. Cheberyako, N. Miedviedkova, Mykhailo D. Sharkov","doi":"10.32342/2074-5354-2023-2-59-16","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-16","url":null,"abstract":"The features of developing a smart city in war conditions are studied. In conditions of danger, the developed infrastructure of the city can help its residents, which is what the “smart city” is focused on in its human-centric approach. The international experience of ensuring the safety and resource-saving of a smart city in emergencies has been studied: initiatives to combine technologies and people; creation of “green” and “smart” construction laboratories; energy resource management system; methods for incorporating technical and social development into improving the quality of life; robotic systems that help to properly use resources in the event of a threat. The role of a smart city in ensuring a person’s social security in the context of a full-scale Russian invasion of Ukraine and the features of cooperation between the private and public sectors when launching smart city initiatives is analyzed. The place of small and medium-sized businesses in the provision of services in the first months of the war was found: providing the population with food and medicine, free travel on some routes, free Internet services in shelters, which helped people receive timely notifications and stay in touch with their relatives. We concluded that projects that increase the safety of citizens and provide equipment for shelters or their modernization, as well as energy-saving measures, are extremely important in a war. Therefore, ways to balance between human social security and smart city resource saving in times of war include the following: the use of public-private partnership (when private capital is attracted, part of the budget funds is released and can be directed to the implementation of other strategic and important projects in smart cities), providing benefits to projects to improve human security and energy conservation due to damage to energy infrastructure facilities, as well as social projects aimed at improving living conditions and social adaptation of people.","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"77 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80755653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-18DOI: 10.32342/2074-5354-2023-2-59-5
Viacheslav Makedon, O. Kholod, Liudmyla Yarmolenko
The article proposes a model for assessing the competitiveness of high-tech, innovative and active enterprises in the space industry, taking into account competitive advantages based on the formation of key production competencies. The specifics of the application of dynamic models for the analysis of the competitiveness of innovatively active enterprises were specified: the parameters of the necessary dynamic models that take into account the diffusion of competitiveness indicators based a linear differential system. The article proposes a model for evaluating the dependence of competitive advantages on competencies: the dynamic model is based on equations with a lagging element that reflect the non-linear and time-lag nature of the impact of competencies on innovative technologies that directly affect competitiveness, and allows taking into account different variants of dependence with a time lag. An algorithm for multi-criteria rating evaluation of the effectiveness of using the innovative potential of a high-tech enterprise as a source of organizational and production competencies was developed. The article developed a multi-level hierarchical structure of competitiveness indicators: the application of the method of forming criteria weights based on the production rules of aggregating object evaluations and the method of approximation of the matrix of pairwise comparisons of objects of the multiplicative matrix for estimating the error of the decision obtained by the analytical hierarchy method is substantiated. The formation of innovative potential indicates the presence of appropriate organizational competencies for its management. The multifactorial nature of the proposed model for evaluating innovation potential allows to assess the contribution of influencing factors to the overall results, while a comparison of factors for different enterprises allows to identify the leader. Thus, the model allows to solve several tasks in the field of competence management: to assess the overall level of development of innovation potential as an integral criterion of competence in the field of innovation and knowledge management; to identify the strengths of the enterprise and the risks associated with the management of innovative potential. The factors included in the model can be used as resources to ensure the achievement of high results, which corresponds to the «resource theory» of enterprise activity. In addition, the proposed model allows to compare objective quantitative indicators of competitors and identify key competencies and their carriers, whose impact on competitiveness is the most critical and important. The result of this stage is the local and global coefficients of the importance of the criteria at each level of the hierarchy. It was proposed to evaluate objects in the original (qualitative, quantitative) scales according to private indicators, their normalization and aggregation of evaluations according to the global criterion is pe
{"title":"THE MODEL FOR ASSESSING THE COMPETITIVENESS OF HIGH-TECH ENTERPRISES ON THE BASIS OF THE FORMATION OF KEY COMPETENCES","authors":"Viacheslav Makedon, O. Kholod, Liudmyla Yarmolenko","doi":"10.32342/2074-5354-2023-2-59-5","DOIUrl":"https://doi.org/10.32342/2074-5354-2023-2-59-5","url":null,"abstract":"The article proposes a model for assessing the competitiveness of high-tech, innovative and active enterprises in the space industry, taking into account competitive advantages based on the formation of key production competencies. The specifics of the application of dynamic models for the analysis of the competitiveness of innovatively active enterprises were specified: the parameters of the necessary dynamic models that take into account the diffusion of competitiveness indicators based a linear differential system. The article proposes a model for evaluating the dependence of competitive advantages on competencies: the dynamic model is based on equations with a lagging element that reflect the non-linear and time-lag nature of the impact of competencies on innovative technologies that directly affect competitiveness, and allows taking into account different variants of dependence with a time lag. An algorithm for multi-criteria rating evaluation of the effectiveness of using the innovative potential of a high-tech enterprise as a source of organizational and production competencies was developed. The article developed a multi-level hierarchical structure of competitiveness indicators: the application of the method of forming criteria weights based on the production rules of aggregating object evaluations and the method of approximation of the matrix of pairwise comparisons of objects of the multiplicative matrix for estimating the error of the decision obtained by the analytical hierarchy method is substantiated. The formation of innovative potential indicates the presence of appropriate organizational competencies for its management. The multifactorial nature of the proposed model for evaluating innovation potential allows to assess the contribution of influencing factors to the overall results, while a comparison of factors for different enterprises allows to identify the leader. Thus, the model allows to solve several tasks in the field of competence management: to assess the overall level of development of innovation potential as an integral criterion of competence in the field of innovation and knowledge management; to identify the strengths of the enterprise and the risks associated with the management of innovative potential. The factors included in the model can be used as resources to ensure the achievement of high results, which corresponds to the «resource theory» of enterprise activity. In addition, the proposed model allows to compare objective quantitative indicators of competitors and identify key competencies and their carriers, whose impact on competitiveness is the most critical and important. The result of this stage is the local and global coefficients of the importance of the criteria at each level of the hierarchy. It was proposed to evaluate objects in the original (qualitative, quantitative) scales according to private indicators, their normalization and aggregation of evaluations according to the global criterion is pe","PeriodicalId":43307,"journal":{"name":"EGE ACADEMIC REVIEW","volume":"33 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84836094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：