Regional and Sectoral Change of Global Value-Added Network Around the 2009 Economic Crisis

One of the main aims of the European Union (EU) is the European competitiveness. To achieve this goal, it is important to study the lessons of the economic crisis. This in turn allows the development of measures. The aim of this article is to analyse the economic crisis lessons of the transportation and storage enterprises of Poland and other new EU Member States from Central and Eastern Europe (CEE-8), and to compare them on the EU level. The purpose is to analyse the labour productivity before and after the economic crisis by gross value added per person employed and employee and turnover per person employed. We will look at how the economic crisis has affected the labour productivity of transportation companies and analyze the changes in the companies. In the background, we look at the countries’ economic (GDP) development and quality of life. What are the lessons learned from the economic crisis? The literature review shows the crisis theory. We present for discussion the objective and subjective factors of the economic crisis of the companies. Based on this and previous publications, we will offer a number of generalized suggestions.

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La costruzione della carta del paesaggio nel retroterra ambientale di Expo 2015: la variante generale del piano delle Groane

TERRITORIO ◽

10.3280/tr2009-050012 ◽

2009 ◽

pp. 98-112

Author(s):

Pier Luigi Paolillo ◽

Alberto Benedetti ◽

Luca Terlizzi

Keyword(s):

Economic Crisis ◽

Protected Area ◽

Value Added ◽

Land Resources ◽

General Plan ◽

Narrow Passage ◽

Landscape Map ◽

Environmental Importance

- The Groane: the only narrow passage that is free between Milan, Varese and Como, one of the most congested places in the country and nevertheless one of those that is most supported with Gdp and the productivity of all Lombardy, its commuters and Vat numbers. It is a sort of 15 km tunnel buffeted between the exceptional processes of urbanisation which have inevitably (and irreparably) impaired its valuable land resources, except of course for the protected area of the Groane Park, which has recently adopted our new general plan for the provincial ‘General Co-ordination Plan'. Its contiguity with the cumbersome attraction of the Expo 2015 - which could have generated dangerous settlement repercussions even for the park - has not, however, caused a murmur to be raised, either because of the economic crisis or, more probably, because the environmental importance of the Groane Park is considered today as value added to be preserved in all ways. In fact there has been absolutely no assault on the land of the park for residential purposes at all. On the contrary, 60% of the areas subject to the new plan increase the perimeter of protection (11% more than at present) on the basis of an initial landscape map which is presented in the article with the construction procedures and the relative methodology.

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Intangible-intensive profiles of companies: protection during the economic crisis of 2008-2009

Journal of Intellectual Capital ◽

10.1108/jic-02-2016-0029 ◽

2016 ◽

Vol 17 (4) ◽

pp. 758-775

Author(s):

Elena Shakina ◽

Angel Barajas

Keyword(s):

Economic Crisis ◽

Economic Value ◽

Value Added ◽

Lessons Learned ◽

Company Performance ◽

Moderating Effects ◽

Content Type ◽

Global Economic Crisis ◽

Market Value Added ◽

The Empirical Analysis

Purpose This study explores the strategies adopted by companies during the economic crisis of 2008-2009. It investigates whether it is reasonable for companies to intensify their investment in intangibles during recession periods. The purpose of this paper is to find empirical evidence that companies with clear intangible-intensive profiles are likely to outperform those without a clear strategy. Design/methodology/approach This paper explores the intangible-intensive strategies of companies in terms of their dynamics during the pre-crisis, crisis and post-crisis periods. Through dummy regression applied to data from more than 1,600 European companies involved in the empirical analysis, the paper aims to show moderating effects from intangible-intensive strategies on company performance, expressed in terms of economic value added and market value added. Findings The results established in this study shed some light on the global economic crisis in 2008-2009. The findings of this study demonstrate that companies with a conservative profile towards intangibles outperform both those without a defined profile and those with an innovative one. However, an innovative profile enables faster recovery after a crisis. Originality/value This paper contributes to the literature on the strategic management of companies, and highlights the particular importance of intangible-intensiveness when markets experience systematic distresses. It is emphasized that lessons learned during the recent global economic crisis must be taken into account in the strategic vision of any company.

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Determining Accuracy of IN05 Index and its Improvement

Financial Assets and Investing ◽

10.5817/fai2016-2-1 ◽

2016 ◽

Vol 7 (2) ◽

pp. 5-18 ◽

Cited By ~ 1

Author(s):

Michal Kuběnka

Keyword(s):

Economic Crisis ◽

Manufacturing Sector ◽

Economic Value ◽

Value Added ◽

Financial Data ◽

Economic Value Added ◽

Cost Of Equity ◽

Return On Equity ◽

The World ◽

The Creation

The IN05 index is probably the only one model in the world that predicts economic value added (EVA). Determining a positive or negative EVA is conducted based the level of return on equity (ROE). The threshold of the level depends on the changing value of implicit cost of equity (re). The Czech economy has undergone many changes including the economic crisis during the ten years following the creation of the IN05 index. This research uses financial data of 1,224 companies in the manufacturing sector. A very low current prediction power of IN05 was detected in prediction of prosperity. The main benefit of the research is finding a way to increase accuracy of economic value added prediction.

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OPTIMIZATION OF THE TAX BURDEN OF THE ENTERPRISE: LEGISLATIVE PREREQUISITES IN THE CONTEXT OF THE EUROPEAN EXPERIENCE

Economy and Society ◽

10.32782/2524-0072/2021-31-60 ◽

2021 ◽

Author(s):

Тетяна Яковець

Keyword(s):

Economic Crisis ◽

Potential Application ◽

Income Tax ◽

Value Added ◽

Tax Burden ◽

Gradual Reduction ◽

Global Trends ◽

European Experience ◽

Capital Tax ◽

The Impact

The article is devoted to the problems of the tax burden in Ukraine and the search for ways to adequately optimize it. In the current conditions of economic crisis, there is an urgent need to take measures to support economic entities. One of the current tools is taxation. The purpose of the presented research is to find legislative directions for optimizing the tax burden as a priority of the state in the context of promoting the development of economic entities. The existing attempts to legislatively reform the collection of value added tax and income tax as the main fiscal elements of the impact on the activities of economic entities are analyzed. The directions of improvement of the mechanism of collection of the VAT are offered and it is defined that gradual reduction of the rate annually on 1 point will lead during 2021-2025 to direct losses of tax receipts to the budget from the VAT. Global trends in tax burden optimization are studied. The main differences between the income tax and the withheld capital tax and the consequences of its introduction in Ukraine are analyzed. These recommendations increase the potential application of global trends in the process of reducing the tax burden on domestic enterprises.

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Film Policies and Film Production in Spain during the Economic Crisis (2007–2017)

Palabra Clave - Revista de Comunicación ◽

10.5294/pacla.2021.24.1.3 ◽

2021 ◽

Vol 24 (1) ◽

pp. 1-27

Author(s):

María-Jesús Díaz-González ◽

Almudena González-del-Valle

Keyword(s):

Economic Crisis ◽

Film Industry ◽

Value Added ◽

Film Production ◽

The European Union ◽

Feature Film ◽

Assistance Programme ◽

Industry Policy ◽

Film Producing ◽

Mean Cost

Europe’s leading film-producing countries are France, Germany, Italy, Spain, and the United Kingdom. They were all hit by the global economic crisis, which had a particularly severe impact on Europe in 2010–2012. The consequences of this crisis for film policies and the film industry are understudied. Spain is a unique case for this study because it had to ask the European Union for a financial assistance programme. What changes were made to State film policies as a result of the crisis? How did those changes reflect on the feature film production? This article aims to answer these questions. The method used includes an analysis of film-industry policy documents and official data, and in-depth interviews. The period studied is 2007–2017. The results refer to topics such as State aid for film production; tax incentives; value-added tax (VAT); the obligation to provide advance funding for European audiovisual production, and the number, genre, and mean cost of the feature films produced.

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Problems of Efficiency of Strategy of Enterprises and Organizations of Modern Russia

Scientific Research and Development Economics ◽

10.12737/article_5c1b67546dd552.71755346 ◽

2019 ◽

Vol 6 (6) ◽

pp. 24-27

Author(s):

Елена Басовская ◽

Elena Basovskaya ◽

Леонид Басовский ◽

Leonid Basovskiy

Keyword(s):

Economic Crisis ◽

Economic Activity ◽

Economic Value ◽

Value Added ◽

Effective Strategy ◽

Economic Value Added ◽

Situation Analysis ◽

Short Term ◽

The Relationship ◽

Selection Of

The relationship between the profitability of assets and the growth of production of enterprises and organizations in Russia in short-term periods is estimated. The estimates obtained indicate that, on the eve and during the economic crisis of 2014–2015, the management of most enterprises and organizations lost control over the performance of the organization, which was necessary in a market environment. Estimates of the economic value added provided by Russian enterprises and organizations in 2010–2015 show the inefficiency of their economic activity since 2013. The negative value of economic value added indicates a reduction in investment in enterprises and the organization of capital. The management of the majority of Russian enterprises and organizations has not yet mastered the approaches and methods of forming an effective strategy in changing conditions. Enterprises and organizations need constant monitoring of the environment, internal and external, and analysis of opportunities for improving efficiency. Even more important is the selection of managerial staff on the abilities of a creative approach to making management decisions based on experience and situation analysis.

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Taxation System in Slovakia

Global Trends of Modernization in Budgeting and Finance - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-5225-7760-7.ch010 ◽

2019 ◽

pp. 207-224

Author(s):

Marcela Rabatinová ◽

Juraj Válek ◽

Jana Kušnírová

Keyword(s):

Economic Crisis ◽

Tax Evasion ◽

Income Tax ◽

Value Added ◽

Alcoholic Beverages ◽

Corporate Income Tax ◽

Excise Tax ◽

Eu Member States ◽

European Area ◽

Taxation System

A common European area without any internal borders between the EU Member States creates greater risks in terms of tax evasion and avoidance by economic entities. Increasing tax burden during the financial and economic crisis led to an increase in tax evasion as a result of changes in the behavior of taxpayers. This chapter deals with the current problems of taxation in Slovakia in the context of effective tax collection and tax evasion prevention. The aim of the chapter is to assess the development of corporate income tax, excise tax on alcoholic beverages, and value added tax, which are considered to be the most risky ones in terms of tax evasion.

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Faktor-Faktor Untuk Meningkatkan Penerimaan Pajak Pertambahan Nilai Di Indonesia

BIP's JURNAL BISNIS PERSPEKTIF ◽

10.37477/bip.v13i2.219 ◽

2021 ◽

Vol 13 (2) ◽

pp. 130-145

Author(s):

Setiadi Alim Lim

Keyword(s):

Economic Crisis ◽

Value Added ◽

The Philippines ◽

Tax Revenue ◽

Value Added Tax ◽

Economic Activities ◽

Tax Rate ◽

Goods And Services ◽

Tax Revenues ◽

The Government

In the current era of the economic crisis caused by the Covid-19 virus pandemic, the performance of tax revenues worldwide is declining. Indonesia's tax revenues in 2020 experienced a significant decline, including Value Added Tax receipts which decreased by 14.89% compared to 2019. This study shows that in the current situation there are factors that support and hinder the increase in Value Added Tax revenues. Factors that support the increase in Value Added Tax revenue include: an increase in the fiscal deficit, a decrease in imports, a longstanding Value Added Tax, and the efficiency of tax administration by the government. Meanwhile, the factors that hindered the increase in Value Added Tax revenue were: negative Gross Domestic Product growth, decreased service consumption, decreased C-Value Added Tax efficiency. To increase the value added tax revenue, it is better not to increase the Value Added Tax rate, because most countries in ASEAN use a tariff of 10% or less, except in the Philippines where the rate is 12%. If the rate of Value Added Tax is still increased, the maximum is not more than 12%, and it is temporary in nature for now and will be returned to the original rate or lower after the economic crisis era has passed. Expansion of the object of Value Added Tax can be done, among others, by reducing goods and services that are exempt from the imposition of Value Added Tax, which are facilities freed, are not collected, and are borne by the government. If there is an expansion of the object of the imposition of Value Added Tax, then it should be done very selectively and not to be counterproductive by still giving exceptions to basic necessities that are needed by the community and services that have social objectives or based on international rules are exempt from being imposed. It is also hoped that the reduction in the number of exempt goods and services will not interfere with the economic activities of the community, let alone cause unrest in the community.

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Development of household savings and debts in small open economies during the global pandemic COVID 19

SHS Web of Conferences ◽

10.1051/shsconf/202112901005 ◽

2021 ◽

Vol 129 ◽

pp. 01005

Author(s):

Milena Botlíková ◽

Josef Botlík ◽

Jana Stuchlíková

Keyword(s):

Economic Crisis ◽

Value Added ◽

Real Estate Market ◽

Financial Behavior ◽

The Real Estate ◽

Debt Burden ◽

Social Sphere ◽

Global Pandemic ◽

Financial Decision ◽

Dynamic Growth

Research background: Global pandemics, like other crises, is reflected in financial decision-making. For many individuals, the crisis represents a loss of confidence in the economy; fears of losing their jobs, and by analogy, subjects assume a deterioration in their own economic situation. In relation to income shocks, consumers exhibit three types of financial behavior: realizing consumption, generating debt or generating savings. The growth of savings with the entrepreneur's investment restraint, increasing the debt burden significantly affects the social sphere and the economic competitiveness of the region in the global space. Purpose of the article: The article deals with a comparison of the development of savings and household debts in Czechia during the economic crisis and the development during the pandemic. At the same time, the analysis includes a comparison of the values f the development of savings and debts with the development of the consumer confidence indicator in the given period. Methods: The main method of the paper is analysis, comparison of data and prediction of the development of quantities. Quarterly and monthly data for the period 2009 - 2013 and 2020 - 2021 were used for the analysis. Basic for analysis and comparison was represented by the ARAD databases, the Czech Statistical Office, etc. Findings & Value added: The results show that the more dynamic growth of savings in the pandemic was caused by limited consumption, but also by wage growth. Debt growth was more pronounced during the economic crisis, during the pandemic it is a reflection of housing needs and developments in the real estate market.

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