Decision-making by management is supported by quality accounting information, which is produced by a quality accounting the current research is to determine empirically the impact of organizational framework on the accounting information systems quality and their effects on the financial status. In this study, we use structural equation modeling with the PLS approach to analyze 72 respondents who come from star hotels in the city of Bandung, West Java, Indonesia. The results show that the overall organizational framework has a dominant impact on the application of quality accounting information systems and directly and indirectly supports the production of quality accounting information. In addition, a quality accounting information system has a strong influence in producing quality accounting information.
{"title":"The effects of accounting information system quality on financial performance","authors":"A. F. Anggraeni, S. Winarningsih","doi":"10.21003/ea.v193-16","DOIUrl":"https://doi.org/10.21003/ea.v193-16","url":null,"abstract":"Decision-making by management is supported by quality accounting information, which is produced by a quality accounting the current research is to determine empirically the impact of organizational framework on the accounting information systems quality and their effects on the financial status. In this study, we use structural equation modeling with the PLS approach to analyze 72 respondents who come from star hotels in the city of Bandung, West Java, Indonesia. The results show that the overall organizational framework has a dominant impact on the application of quality accounting information systems and directly and indirectly supports the production of quality accounting information. In addition, a quality accounting information system has a strong influence in producing quality accounting information.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42602767","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}
Today, fierce competition between manufacturers, increasing the level of innovation and reducing the life cycle of products have led to the design, production and marketing of products with various goals and a variety of risks in macro designs for supply chains. The purpose of this study is to design a strategic supply chain risk management system with a systematic approach to assess and control risks in the insurance industry. This article is an applied research and descriptive, correlational, and multiple regression analysis and path analysis techniques have been used to determine the factors affecting supply chain risk. This research is one-time cross-sectional taken place in 2021. The participant cases were 150, which resulted in 110 samples using Cochran’s sampling formula. Risk assessment and rating determines the superiority of each risk based on relevant indicators and thus provides the opportunity to provide an appropriate response to each risk. In this research, by presenting a comprehensive and hierarchical model for risk assessment, while identifying the main risks of the supply chain by relying on the method of risk failure structure and determining measurement criteria, a comprehensive questionnaire has been prepared based on the relative importance of each risk in the insurance industry. It has been determined as a case study using analytical method.
{"title":"Risk management practices in the insurance industry with regard to supply chain management","authors":"L. Budovich","doi":"10.21003/ea.v193-13","DOIUrl":"https://doi.org/10.21003/ea.v193-13","url":null,"abstract":"Today, fierce competition between manufacturers, increasing the level of innovation and reducing the life cycle of products have led to the design, production and marketing of products with various goals and a variety of risks in macro designs for supply chains. The purpose of this study is to design a strategic supply chain risk management system with a systematic approach to assess and control risks in the insurance industry. This article is an applied research and descriptive, correlational, and multiple regression analysis and path analysis techniques have been used to determine the factors affecting supply chain risk. This research is one-time cross-sectional taken place in 2021. The participant cases were 150, which resulted in 110 samples using Cochran’s sampling formula. Risk assessment and rating determines the superiority of each risk based on relevant indicators and thus provides the opportunity to provide an appropriate response to each risk. In this research, by presenting a comprehensive and hierarchical model for risk assessment, while identifying the main risks of the supply chain by relying on the method of risk failure structure and determining measurement criteria, a comprehensive questionnaire has been prepared based on the relative importance of each risk in the insurance industry. It has been determined as a case study using analytical method.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46502117","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}
Nowadays in Indonesia, the creative economy is currently expected to a new power that will be the Indonesian economic foundation in the future. The primary aim of this article is to investigate the market and the SMEs’ performance in the creative economy section and the mediating role of innovation practices until the year 2021. To meet that aim, the analysis technique called Structural Equation Modeling (SEM) assisted by AMOS 21 software is utilized through the survey of 300 SMEs. Structural Equation Modeling (SEM) is an integrated of factor or path investigation. The result of this study reveals that the most important factor that can improve the SMEs’ performance in the creative economy sector is innovation practices.
{"title":"Market performance of SMEs in the creative economy and the mediating role of innovation practices","authors":"Sarli Rahman, Budiyanto, Suwitho","doi":"10.21003/ea.v193-09","DOIUrl":"https://doi.org/10.21003/ea.v193-09","url":null,"abstract":"Nowadays in Indonesia, the creative economy is currently expected to a new power that will be the Indonesian economic foundation in the future. The primary aim of this article is to investigate the market and the SMEs’ performance in the creative economy section and the mediating role of innovation practices until the year 2021. To meet that aim, the analysis technique called Structural Equation Modeling (SEM) assisted by AMOS 21 software is utilized through the survey of 300 SMEs. Structural Equation Modeling (SEM) is an integrated of factor or path investigation. The result of this study reveals that the most important factor that can improve the SMEs’ performance in the creative economy sector is innovation practices.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48240358","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}
Anton Dziatkovskii, Uladzimir Hryneuski, Aleksandr Dudov, Aleksandra Krylova
The main components of the development of the digital economy as the next stage in the formation of a modern model of the production, technological and social system of society based on the results of the Fourth Industrial Revolution are regulatory regulation, infrastructure, network security (cybersecurity), training of professionals and the formation of technological platforms. This is exactly what the function of the state in partnership with business should be aimed at, the implementation of which requires an appropriate investment policy. The government must continue to strengthen the digital foundations by attracting investment in scalable, smart, and secure infrastructure capable of accelerating the pace of digital development. When implementing an investment strategy, it is important to identify sources in the field of investment - public and private, whose shares should be regulated by a special program «Digital Economy» and pay attention not only to large businesses that are interested in developing all aspects of the digital economy but also to small investors who are mainly represented by Portfolio Investment. An important component is to encourage investment in digitalization. To do this, in the field of investment activity to ensure the support of investment projects, it is necessary to form general rules for creating and evaluating special investment regimes: a list of new approaches to obtaining tax benefits, reducing insurance premiums for both private investors and investment companies implementing various projects, the development of specific measures of state support in one of the following forms: providing benefits for project financing; provision of benefits for the payment of property tax and land tax; compensation of investor investments through various tax revenues from the investment project, stabilization of regulatory and tax conditions. Scientific novelty. The article examines the digital economy as an emerging phenomenon of the annual increase in the share of the world economy, in comparison with the raw materials and commodity part of it. The article considers the latest technologies and their impact on the traditional economy of various countries of the world. The purpose of the article is to study the basic principles of digitalization of the economy, which allow the digital economy to become a full-fledged part of the globalized world.
{"title":"The economic impact of digitalization and the creation of digital products on the development of the state","authors":"Anton Dziatkovskii, Uladzimir Hryneuski, Aleksandr Dudov, Aleksandra Krylova","doi":"10.21003/ea.v193-01","DOIUrl":"https://doi.org/10.21003/ea.v193-01","url":null,"abstract":"The main components of the development of the digital economy as the next stage in the formation of a modern model of the production, technological and social system of society based on the results of the Fourth Industrial Revolution are regulatory regulation, infrastructure, network security (cybersecurity), training of professionals and the formation of technological platforms. This is exactly what the function of the state in partnership with business should be aimed at, the implementation of which requires an appropriate investment policy. The government must continue to strengthen the digital foundations by attracting investment in scalable, smart, and secure infrastructure capable of accelerating the pace of digital development. When implementing an investment strategy, it is important to identify sources in the field of investment - public and private, whose shares should be regulated by a special program «Digital Economy» and pay attention not only to large businesses that are interested in developing all aspects of the digital economy but also to small investors who are mainly represented by Portfolio Investment. An important component is to encourage investment in digitalization. To do this, in the field of investment activity to ensure the support of investment projects, it is necessary to form general rules for creating and evaluating special investment regimes: a list of new approaches to obtaining tax benefits, reducing insurance premiums for both private investors and investment companies implementing various projects, the development of specific measures of state support in one of the following forms: providing benefits for project financing; provision of benefits for the payment of property tax and land tax; compensation of investor investments through various tax revenues from the investment project, stabilization of regulatory and tax conditions. Scientific novelty. The article examines the digital economy as an emerging phenomenon of the annual increase in the share of the world economy, in comparison with the raw materials and commodity part of it. The article considers the latest technologies and their impact on the traditional economy of various countries of the world. The purpose of the article is to study the basic principles of digitalization of the economy, which allow the digital economy to become a full-fledged part of the globalized world.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49617608","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}
Laode Nusriadi, Ilya Avianti, Nanny Dewi Tanzil, D. Parikesit
Public-private partnership (PPP) models were employed, especially in the toll road sector, by many governments to boost the development of the infrastructure and build strong connections among regions. PPPs are chosen as a scheme to fill the financial gap. Good project governance is one of the crucial points that should be supported by several significant factors, which will significantly affect projects’ performance. This study analyzes the influence of projects’ intellectual capital, investor protection mechanism, and ownership structure on the implementation of good project governance and the implications for their performance. The data were obtained through questionnaires sent to 43 public-private partnerships in toll road projects in Indonesia. The partial-least-square structural equation model (SEM) was subsequently employed to analyze the data. The study findings showed that (1) projects’ intellectual capital and ownership structure affect the implementation of good project governance, (2) the implementation of good project governance affects projects’ performance, and (3) projects’ intellectual capital and ownership structure affect their performance through the implementation of good project governance. However, the other five hypotheses investigated, namely those concerning projects’ intellectual capital, investor protection mechanism, ownership structure in project performance, investor protection mechanism for the implementation of good project governance, and project performance through the implementation of good project governance, were not supported. This study provides a knowledge basis enabling decision makers to understand precisely the factors that affect project performance through the implementation of good project governance.
{"title":"Project performance in a toll road infrastructure with a public-private partnership scheme","authors":"Laode Nusriadi, Ilya Avianti, Nanny Dewi Tanzil, D. Parikesit","doi":"10.21003/ea.v193-14","DOIUrl":"https://doi.org/10.21003/ea.v193-14","url":null,"abstract":"Public-private partnership (PPP) models were employed, especially in the toll road sector, by many governments to boost the development of the infrastructure and build strong connections among regions. PPPs are chosen as a scheme to fill the financial gap. Good project governance is one of the crucial points that should be supported by several significant factors, which will significantly affect projects’ performance. This study analyzes the influence of projects’ intellectual capital, investor protection mechanism, and ownership structure on the implementation of good project governance and the implications for their performance. The data were obtained through questionnaires sent to 43 public-private partnerships in toll road projects in Indonesia. The partial-least-square structural equation model (SEM) was subsequently employed to analyze the data. The study findings showed that (1) projects’ intellectual capital and ownership structure affect the implementation of good project governance, (2) the implementation of good project governance affects projects’ performance, and (3) projects’ intellectual capital and ownership structure affect their performance through the implementation of good project governance. However, the other five hypotheses investigated, namely those concerning projects’ intellectual capital, investor protection mechanism, ownership structure in project performance, investor protection mechanism for the implementation of good project governance, and project performance through the implementation of good project governance, were not supported. This study provides a knowledge basis enabling decision makers to understand precisely the factors that affect project performance through the implementation of good project governance.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48651982","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}
A. Djakona, N. Kholiavko, M. Dubyna, A. Zhavoronok, M. Fedyshyn
Introduction. In recent years, digitalization is one of the defining trends of the development in the leading countries of the world. The development of information economy is influenced by a combination of factors; however, the most powerful is an educational dominant. The higher education institutions (HEIs) carry out training activities for information economy, the development of digital skills of the personnel, as well as carrying out studies of the personnel’s digital skills, and conducting research, generating innovations and their transfer to the real sector of economy. The purpose of the paper is to analyze the impact of higher education on the dynamics of information economy on the example of Latvia with further identification of the best practices and their adaptation to the Ukrainian social and economic conditions. The research methodology is conditioned by the implementation of the in-depth comparative analysis of the development of higher education systems in Latvia and Ukraine; within the study, were used the method of constructing cubic regression models of the relationship between indicators. The hypothesis: 1) there is an objective interaction between the level of economic development of the country and the amount of public funding for higher education; 2) the information economy development is largely determined by the level of higher education development, and funding for research at HEIs. Results. The study revealed the following constraints on the development of the national higher education system: complex geopolitical, demographic, migration situation, which affects the parameters of the student body of HEIs; low competitiveness level of HEIs in the global educational services market; low level of financial autonomy of HEIs; lack of financing, low level of diversification of the financing sources for HEIs, etc. These problems negatively affect the pace of the information economy development in Ukraine. The authors proved that the Latvian experience in the implementation of the digitalization strategy could be useful for Ukraine, because of some similar economic, social, mental, historic conditions and factors of development of both countries. The calculations on the econometric models of relationship between funding and basic indicators of higher education development in Ukraine and Latvia showed: the amount of funding for higher education systems does not depend on the number of HEIs; the number of students depends on the amount of public funding (this indicates the important role of the state in the higher education development, in increasing the level of accessibility of higher education for citizens); close relationship between the amount of funding for higher education and the number of graduate students; positive trend in funding for higher education. Conclusions. The authors conclude that strengthening the impact of the educational dominant on the information economy development requires: ensuring a proactive positio
{"title":"Educational dominant of the information economy development: a case of Latvia for Ukraine","authors":"A. Djakona, N. Kholiavko, M. Dubyna, A. Zhavoronok, M. Fedyshyn","doi":"10.21003/ea.v192-09","DOIUrl":"https://doi.org/10.21003/ea.v192-09","url":null,"abstract":"Introduction. In recent years, digitalization is one of the defining trends of the development in the leading countries of the world. The development of information economy is influenced by a combination of factors; however, the most powerful is an educational dominant. The higher education institutions (HEIs) carry out training activities for information economy, the development of digital skills of the personnel, as well as carrying out studies of the personnel’s digital skills, and conducting research, generating innovations and their transfer to the real sector of economy. The purpose of the paper is to analyze the impact of higher education on the dynamics of information economy on the example of Latvia with further identification of the best practices and their adaptation to the Ukrainian social and economic conditions. The research methodology is conditioned by the implementation of the in-depth comparative analysis of the development of higher education systems in Latvia and Ukraine; within the study, were used the method of constructing cubic regression models of the relationship between indicators. The hypothesis: 1) there is an objective interaction between the level of economic development of the country and the amount of public funding for higher education; 2) the information economy development is largely determined by the level of higher education development, and funding for research at HEIs. Results. The study revealed the following constraints on the development of the national higher education system: complex geopolitical, demographic, migration situation, which affects the parameters of the student body of HEIs; low competitiveness level of HEIs in the global educational services market; low level of financial autonomy of HEIs; lack of financing, low level of diversification of the financing sources for HEIs, etc. These problems negatively affect the pace of the information economy development in Ukraine. The authors proved that the Latvian experience in the implementation of the digitalization strategy could be useful for Ukraine, because of some similar economic, social, mental, historic conditions and factors of development of both countries. The calculations on the econometric models of relationship between funding and basic indicators of higher education development in Ukraine and Latvia showed: the amount of funding for higher education systems does not depend on the number of HEIs; the number of students depends on the amount of public funding (this indicates the important role of the state in the higher education development, in increasing the level of accessibility of higher education for citizens); close relationship between the amount of funding for higher education and the number of graduate students; positive trend in funding for higher education. Conclusions. The authors conclude that strengthening the impact of the educational dominant on the information economy development requires: ensuring a proactive positio","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42238184","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}
The increase of loan defaults is one of the major factors which adversely influence the activity of the banking institutions and banking system in general. Moreover, it results in the financial destabilization and the deterioration of the Ukrainian investment climate. The issues of arrears in the sphere of Banking and Finance together with the inconsistency in judicial approach applied in the course of litigation related to the loan defaults have a negative impact on the Banking ability and willingness to support the development of the national economy. All the mentioned factors lead to the decline of the pace and scale of social production, the welfare of the society. Therefore, the amount of credit debt owed by banking institutions in Ukraine amounts to almost half of their total loan portfolio. This proves the necessity to find new approaches to resolve the challenging situation that exists on the financial market. The international experience of high working standard is deemed to be of a particular importance. Our study is devoted to the analysis of the relevance of establishing the separate specialized financial or credit court in Ukraine. The experience of the United Kingdom in this regard has been analysed and proposals have been made to improve the national judicial system. It has been proved that the creation of a specialized financial court may complicate the work of the judicial system and affect their efficiency. It is argued that the appropriate specialization of individual judges within the commercial jurisdiction and implementation of particular criteria and thresholds for the financial cases to be allocated to and heard by the commercial courts of Ukraine are much more efficient and effective steps.
{"title":"Specialized Financial Court: experience of the United Kingdom and prospects for Ukraine","authors":"T. Hudima, Olena Chaban, V. Oliukha","doi":"10.21003/ea.v192-13","DOIUrl":"https://doi.org/10.21003/ea.v192-13","url":null,"abstract":"The increase of loan defaults is one of the major factors which adversely influence the activity of the banking institutions and banking system in general. Moreover, it results in the financial destabilization and the deterioration of the Ukrainian investment climate. The issues of arrears in the sphere of Banking and Finance together with the inconsistency in judicial approach applied in the course of litigation related to the loan defaults have a negative impact on the Banking ability and willingness to support the development of the national economy. All the mentioned factors lead to the decline of the pace and scale of social production, the welfare of the society. Therefore, the amount of credit debt owed by banking institutions in Ukraine amounts to almost half of their total loan portfolio. This proves the necessity to find new approaches to resolve the challenging situation that exists on the financial market. The international experience of high working standard is deemed to be of a particular importance. Our study is devoted to the analysis of the relevance of establishing the separate specialized financial or credit court in Ukraine. The experience of the United Kingdom in this regard has been analysed and proposals have been made to improve the national judicial system. It has been proved that the creation of a specialized financial court may complicate the work of the judicial system and affect their efficiency. It is argued that the appropriate specialization of individual judges within the commercial jurisdiction and implementation of particular criteria and thresholds for the financial cases to be allocated to and heard by the commercial courts of Ukraine are much more efficient and effective steps.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41529896","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}
Introduction. Digital transformation, which is characterized by the rapid pace of changes in the marketing environment, aggressive actions of competitors, high heterogeneity of consumer requests and preferences, has a significant impact on the business, namely, it requires the generation and implementation of new approaches to solving business problems, as well as achieving the set goals. In order to effectively conduct and develop an online business, it is necessary to follow new tendencies and trends in meeting the constantly growing requests, needs and preferences of online buyers, simultaneously levelling or eliminating risks that may arise in the short and long term with the greatest probability, as well as have negative effects for business. Purposes of our research are to develop the taxonomy marketing and management risks of online business by using multidimensional systematization and decomposition methods; to substantiate the scientific and methodical approach to verification and qualitative assessment of probability of the marketing and management risks for online business; to formulate recommendations regarding the formation of an intelligent IT security system for levelling and / or eliminating the risks of online business in the context of the implementation of the relevant risk management plan; to develop and test applied tools for effective risk management of online business. Methods. The symbiosis of general and specific methods is used to achieve the purposes, including: methods of dialectical cognition, generalization and systematization, abstraction, synthesis; statistical, dynamic and cluster analysis; formalization method; expert survey; calculation-analytical and comparative methods; matrix method. Results. The marketing management risks of online business in the digital transformation context are explicated and concretized. The taxonomy of marketing-management risks of online business is developed and represented like a multi-dimensional risks systematization as a result of their decomposition. The scientific and methodical approach to verification and qualitative assessment of the probability of the marketing and management online business risks is substantiated. The algorithm for the identification of the online business risks status is proposed. It reflects the consecutive stages of the qualitative risks groups assessment and determines the choice of a method for its levelling and / or elimination. The framework of the risk management plan for online business is developed. This framework takes into account triggers and consequences of risks onset. The matrix for monitoring the implementation of the risk management plan for online business is compiled. The phases of the intelligent IT security system development are substantiated. Conclusions. The proposed scientific and methodical approach and the developed applied tools are tested by the example of Ukrainian retailers’ online businesses. The testing results reflect the
{"title":"Marketing management risks of online business: taxonomy, verification and assessment","authors":"A. Natorina, M. Butko","doi":"10.21003/ea.v192-11","DOIUrl":"https://doi.org/10.21003/ea.v192-11","url":null,"abstract":"Introduction. Digital transformation, which is characterized by the rapid pace of changes in the marketing environment, aggressive actions of competitors, high heterogeneity of consumer requests and preferences, has a significant impact on the business, namely, it requires the generation and implementation of new approaches to solving business problems, as well as achieving the set goals. In order to effectively conduct and develop an online business, it is necessary to follow new tendencies and trends in meeting the constantly growing requests, needs and preferences of online buyers, simultaneously levelling or eliminating risks that may arise in the short and long term with the greatest probability, as well as have negative effects for business. Purposes of our research are to develop the taxonomy marketing and management risks of online business by using multidimensional systematization and decomposition methods; to substantiate the scientific and methodical approach to verification and qualitative assessment of probability of the marketing and management risks for online business; to formulate recommendations regarding the formation of an intelligent IT security system for levelling and / or eliminating the risks of online business in the context of the implementation of the relevant risk management plan; to develop and test applied tools for effective risk management of online business. Methods. The symbiosis of general and specific methods is used to achieve the purposes, including: methods of dialectical cognition, generalization and systematization, abstraction, synthesis; statistical, dynamic and cluster analysis; formalization method; expert survey; calculation-analytical and comparative methods; matrix method. Results. The marketing management risks of online business in the digital transformation context are explicated and concretized. The taxonomy of marketing-management risks of online business is developed and represented like a multi-dimensional risks systematization as a result of their decomposition. The scientific and methodical approach to verification and qualitative assessment of the probability of the marketing and management online business risks is substantiated. The algorithm for the identification of the online business risks status is proposed. It reflects the consecutive stages of the qualitative risks groups assessment and determines the choice of a method for its levelling and / or elimination. The framework of the risk management plan for online business is developed. This framework takes into account triggers and consequences of risks onset. The matrix for monitoring the implementation of the risk management plan for online business is compiled. The phases of the intelligent IT security system development are substantiated. Conclusions. The proposed scientific and methodical approach and the developed applied tools are tested by the example of Ukrainian retailers’ online businesses. The testing results reflect the","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46124015","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}
O. Garazha, D. Shyian, I. Cherneha, A. Burliai, O. Zharun, N. Blenda
On the basis of the analysis of international standards of land and real estate valuation and modern scientific researches devoted to the actual issues of land and real estate valuation for fiscal purposes, the authors substantiate the problematic aspects of the formula «land valuation - land payment - budget», which are becoming the basis of public fiscal policy in many countries of the world, and including Ukraine, are grounded. The authors of the article show that the effective valuation of land in the national context depends on the fiscal policy of the state in relation to the tax burden of agricultural enterprises in three-dimensional space, according to the first option - using market prices to determine of the land tax, according to the second option - if it is necessary to establish land rent on the basis of the market prices when the real value of land will be reflected instead of the normative, according to the third option - it is possible if there is market for agricultural land. The authors substantiate the problem of land valuation in its global and general economic measure, and, simultaneously, on the example of the Ukrainian practice, which proves the need to develop a sound methodology for fiscal regulation of agricultural land use, taking into account national specific.
{"title":"Conceptual changes of fiscal regulation of agricultural land use: international experience and Ukrainian practice","authors":"O. Garazha, D. Shyian, I. Cherneha, A. Burliai, O. Zharun, N. Blenda","doi":"10.21003/ea.v192-06","DOIUrl":"https://doi.org/10.21003/ea.v192-06","url":null,"abstract":"On the basis of the analysis of international standards of land and real estate valuation and modern scientific researches devoted to the actual issues of land and real estate valuation for fiscal purposes, the authors substantiate the problematic aspects of the formula «land valuation - land payment - budget», which are becoming the basis of public fiscal policy in many countries of the world, and including Ukraine, are grounded. The authors of the article show that the effective valuation of land in the national context depends on the fiscal policy of the state in relation to the tax burden of agricultural enterprises in three-dimensional space, according to the first option - using market prices to determine of the land tax, according to the second option - if it is necessary to establish land rent on the basis of the market prices when the real value of land will be reflected instead of the normative, according to the third option - it is possible if there is market for agricultural land. The authors substantiate the problem of land valuation in its global and general economic measure, and, simultaneously, on the example of the Ukrainian practice, which proves the need to develop a sound methodology for fiscal regulation of agricultural land use, taking into account national specific.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48591119","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}
O. Furdychko, O. Drebot, N. Palianychko, S. Dankevych, Yoshihiko Okabe
The purpose of the article is to identify the social component of forestry land use for decision-making at the national level to ensure the balanced use of forestlands both at the regional level and at the level of state forest enterprises. Theoretical and methodological bases of the research are based on the analysis of a set of social, economic and ecological indicators of reporting of forestry enterprises as indicators of the state of use of forest lands in the context of balanced development. Several aspects of the activity of the state forest enterprises in the period 2016-2020 by regions and climatic zones were studied in detail, and the scope of forest certification in Ukraine was assessed for a better ecological understanding of social processes in forestry in the country. A positive relationship with a significant correlation rate (r = 0.9078) is proved between the capital investments in forestry production and employment in the forest sector. In addition, fluctuations of the capital investments correlate with the staff qualification (r = 0.816). Assessment results for the level of technical provision of forestry enterprises point to the relationships between the level of technical provision and labour productivity (r = 0.7515) and the level of staff qualification (r = 0.7494). The strength of the relationship between labour productivity and labour remuneration varies over the regions of Ukraine with the correlation rate ranging between 0.7222 and 0.9852. We discuss key asymmetries, interactions and conflicts based on natural and regional specifics of forestry land use. Based on the results of the assessment of the relationships and dynamics of selected indicators, the present study substantiates the necessity to take into account both national and stakeholders’ interests in view of the social aspects of forestry land use with a focus on balance. Regional imbalance in income and labour productivity, insufficient training of employees, insufficient government funding and certification of forests, no practice of carbon units accounting at the regional and local levels, illegal felling are proven to be the restraining factors of the social balance of forestry land use. The results obtained in the study could help to identify potential levers of influence to ensure the balance of forestry land use and a better understanding of the social balance of forestry activities of enterprises.
{"title":"Social aspect of forestry land use balance in Ukraine","authors":"O. Furdychko, O. Drebot, N. Palianychko, S. Dankevych, Yoshihiko Okabe","doi":"10.21003/ea.v192-08","DOIUrl":"https://doi.org/10.21003/ea.v192-08","url":null,"abstract":"The purpose of the article is to identify the social component of forestry land use for decision-making at the national level to ensure the balanced use of forestlands both at the regional level and at the level of state forest enterprises. Theoretical and methodological bases of the research are based on the analysis of a set of social, economic and ecological indicators of reporting of forestry enterprises as indicators of the state of use of forest lands in the context of balanced development. Several aspects of the activity of the state forest enterprises in the period 2016-2020 by regions and climatic zones were studied in detail, and the scope of forest certification in Ukraine was assessed for a better ecological understanding of social processes in forestry in the country. A positive relationship with a significant correlation rate (r = 0.9078) is proved between the capital investments in forestry production and employment in the forest sector. In addition, fluctuations of the capital investments correlate with the staff qualification (r = 0.816). Assessment results for the level of technical provision of forestry enterprises point to the relationships between the level of technical provision and labour productivity (r = 0.7515) and the level of staff qualification (r = 0.7494). The strength of the relationship between labour productivity and labour remuneration varies over the regions of Ukraine with the correlation rate ranging between 0.7222 and 0.9852. We discuss key asymmetries, interactions and conflicts based on natural and regional specifics of forestry land use. Based on the results of the assessment of the relationships and dynamics of selected indicators, the present study substantiates the necessity to take into account both national and stakeholders’ interests in view of the social aspects of forestry land use with a focus on balance. Regional imbalance in income and labour productivity, insufficient training of employees, insufficient government funding and certification of forests, no practice of carbon units accounting at the regional and local levels, illegal felling are proven to be the restraining factors of the social balance of forestry land use. The results obtained in the study could help to identify potential levers of influence to ensure the balance of forestry land use and a better understanding of the social balance of forestry activities of enterprises.","PeriodicalId":51923,"journal":{"name":"Economic Annals-XXI","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46514451","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}
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