scholarly journals Scenario model of reproduction of the financial potential of institutional sectors as a tool for forecasting the economic sustainability of regional systems

2020 ◽  
Vol 208 ◽  
pp. 03008
Author(s):  
Ilya Naumov
Keyword(s):  
Economic Activity ◽  
Methodological Approach ◽  
Economic Recovery ◽  
Economic Sustainability ◽  
Economic Stability ◽  
Regional Systems ◽  
Investment Companies ◽  
Government Sector ◽  
Scenario Model ◽  
State Pension

The paper presents a methodological approach to the formation of a scenario model of reproduction of the financial potential of the main institutional sectors of the economy, which include financial corporations (banks, insurance organizations, non-state pension funds and other investment companies), non-financial corporations (enterprises of various types of economic activity), government sector, households and foreign institutions. This model characterizes the multifaceted processes of transferring investment resources between sectors. It allows to establish the patterns of their reproduction during periods of recession and economic recovery, as well as to form predictive scenarios for the reproduction of the investment potential of the sectors and assess their impact on the dynamics of the economic stability of the territory.

scholarly journals SCIENTIFIC AND METHODOLOGICAL APPROACH TO A COMPREHENSIVE ASSESSMENT OF THE ECONOMIC STABILITY OF A TELECOMMUNICATIONS COMPANY

2021 ◽  
Vol 7 (3) ◽  
pp. 37-45
Author(s):  
Svitlana Birbirenko ◽  
Galina Tolkachova
Keyword(s):  
Statistical Data ◽  
Methodological Approach ◽  
Business Development ◽  
Comprehensive Assessment ◽  
Assessment Methods ◽  
Economic Sustainability ◽  
Economic Stability ◽  
A Company ◽  
Telecommunications Companies ◽  
Telecommunications Company

The COVID-19 pandemic has ultimately changed the course of global economic functions, including the Ukrainian ones. The consequences caused by the pandemic significantly affected companies’ economic sustainability and reflected the urgent need to assess economic sustainability in order to determine its level and further develop theoretical and methodological aspects of Strategic Enterprise Management. This article is aimed at developing a scientific and methodological approach to comprehensively assess the economic stability of a telecommunications company that operates under modern market conditions. Methods. A study was conducted within the scope of existing techniques used to assess economic stability and, thus, the lack of generally accepted assessment methods was observed. A set of indicators to assess the economic stability of the telecommunications company was formed through financial analysis, taking into account the industry practices of communications service provider’s functioning. Comprehensive assessment of the economic stability of telecommunications companies was carried out using a statistical data analysis technique – regression analysis. 2016-2020 financial reports and statistical data provided by examined communications service providers from the State Statistics Service of Ukraine and the National Commission of Ukraine for the State Regulation of Communications and Informatization were used as outcoming data. Study results. As part of the study, the existing assessment methods were analyzed, which made it possible to organize, systematize, and identify their advantages and disadvantages. A set of indicators to assess economic stability of a telecommunications company was formed, indicating the selection criteria and identifying dependence on the presence of a communications service provider at a certain stage of its business development. A scientific and methodological approach to a comprehensive assessment of the economic stability of telecommunications companies taking into account their industry characteristics has been developed. Conclusions. The created scientific and methodological approach to assess economic stability of the telecommunications company comprehensively makes it possible to determine the level of economic stability depending on the stage of business development of a company. The assessment performed is a key factor that must be taken into account when developing strategic management of a company that operates in the context of market transformations.

scholarly journals ECONOMIC SUSTAINABILITY AS A PREREQUISITE FOR ENSURING THE INNOVATIVE DEVELOPMENT OF THE ENTERPRISE

2021 ◽  
Vol 5 (2) ◽  
pp. 1-10
Author(s):  
V. Havran ◽  
◽  
R. Kalmuk ◽  
Keyword(s):  
Management System ◽  
Environmental Changes ◽  
Methodological Approach ◽  
Assessment Process ◽  
Economic Sustainability ◽  
Innovative Development ◽  
Economic Stability ◽  
Efficient Operation ◽  
Projected Changes ◽  
The Impact

Purpose. The activities of enterprises and the prospects of reaching the planned performance indicators have greatly been complicated due to the significant real and potential threats to economic stability, and the outflow of investment in combination with the COVID-19 virus pandemic. Particularly relevant in the current situation, there is a problem of developing and applying in the practice of domestic enterprises such management approaches that would ensure sustainable and most efficient operation of economic entities in the current period, as well as form the potential for their innovative development in the future. It should be noted that the essence of indicators and criteria which reveal the economic stability of the enterprise to some extent are relative, that is caused by peculiarities of the enterprise, pace of development, a stage of the life cycle, and peculiarities of the strategy. Design/methodology/approach. Methods of induction, deduction, and theoretical generalization were used to elucidate the essence of economic stability from the viewpoints of different authors. The authors have used observation, description, formalization, systematization and explanation methods to analyze the problems of choosing methodology of calculating the main indicators of enterprise stability. Findings. Understanding the nature of economic stability and its provision in a changing environment requires the formation of an appropriate management system of economic stability, which should integrate different subsystems, such as financial, production, marketing, human resources, information, etc. In a broad sense, economic stability reflects the level of the enterprise development, the efficiency of the management system, internal organizational integration of its subsystems, adaptability to environmental changes, and others. Originality/value. Prerequisites for improving the systematic framework for assessing the degree of economic stability of enterprises are considered. Possibilities of adapting methodical tools for assessing the economic stability of enterprises to modern conditions of the business entity functioning are offered. Peculiarities of ensuring the adaptability of the methodological approach to assessing the economic stability of enterprises have been studied. The authors have substantiated the efficiency of using the proposed list of indicators of the level of economic stability and formulated procedural approaches to the assessment process. Approaches to improving the economic sustainability of the object of study are suggested and analyzed. The authors have also been carried out a factor analytical research of the impact of projected changes on the systemic indicators of sustainability of the business entity, taking into account the trends of innovative development of the domestic socio-economic environment. Practical implications. The proposed approach to assessing the economic stability of the enterprise provides greater objectivity of the results in a transformational environment of the entity. The substantiated procedure of realization of the assessment methodical approach, in the context of which economic stability components have been defined, allows making well-timed and effective decisions.

scholarly journals Macroeconomic assessment of possible Green Recovery scenarios in Visegrad countries

2021 ◽  
Author(s):  
Bence Kiss-Dobronyi ◽  
Dora Fazekas ◽  
Hector Pollitt
Keyword(s):  
Economic Theory ◽  
Economic Activity ◽  
Three Dimensions ◽  
Economic Recovery ◽  
Keynesian Economic ◽  
Post Keynesian Economic ◽  
The Impact ◽  
Environmental Level ◽  
Visegrád Countries

AbstractThe article discusses how and why Green Recovery could be beneficial for the Visegrad countries based on a modelling exercise using the E3ME macroeconometric model. Green Recovery is defined as including policies in recovery plans that not only target economic recovery, but also contribute to environmental targets. The paper proposes that a Green Recovery could be valuable and suitable for the region contributing to both restoring employment and boosting economic activity as well as reaching climate goals. This is tested through a macroeconomic simulation, using the E3ME model. E3ME is built on Post-Keynesian economic theory and on econometric estimations of macroeconomic relationships. The results of the analysis focus on three dimensions: (1) social – employment, (2) environmental – level of CO2 emissions and (3) economic activity – gross domestic product (GDP). Outcomes indicate that a green recovery can shorten the time needed for employment and economic recovery as well as contributes to CO2 emission reductions. In Hungary, Czechia and Poland, the impact persists into the long-term; however, the paper also concludes that countries with high reliance on coal (e.g. Poland) could return to coal in the long term if no further policies are introduced.

METHODOLOGICAL APPROACHES TO IDENTIFYING INDUSTRIAL PRIORITIES OF EMPLOYMENT IN THE CONTEXT OF ASSESSMENT OF THE PROCESS OF ITS RESTRUCTURIZATION

2021 ◽  
Vol 99 (3) ◽  
pp. 41-58
Author(s):  
Vyacheslav Dodonov ◽  
Keyword(s):  
Economic Development ◽  
Labor Market ◽  
Economic Activity ◽  
Methodological Approach ◽  
Sequential Process ◽  
Government Programs ◽  
Sectoral Structure ◽  
Methodological Approaches ◽  
Selection Of

The regulation of the restructuring employment processes that occurs in the course of the development of the economy and the evolution of its structure should be based on the selection of sectoral priorities and be accompanied by an assessment of this process in terms of its compliance with the needs of the development of progressive types of economic activity. In this regard, the problem of elaborating methodological approaches that ensure the orderliness and controllability of the process of restructuring employment, including objectifying the choice of progressive industries and assessing the quality of shifts in the sectoral structure of employment, is highly relevant. The article substantiates approaches to identifying sectoral priorities for restructuring employment based on the criteria of economic efficiency and involvement in the implementation of government programs and also proposes a sequential process for evaluating the quality of shifts in employment based on their compliance with the selected sectoral priorities. Within the framework of the proposed approaches, using the example of the labor market in Kazakhstan, the results obtained are presented, such as a sequence of analytical actions to determine the range of priority sectors, a matrix for identifying sectoral priorities for employment, a scheme for implementing a methodological approach to assessing the quality of shifts in the sectoral structure of employment. On the basis of the proposed approaches, an assessment of the quality of shifts in the sectoral structure of employment in Kazakhstan was carried out and conclusions were drawn about the insufficient correspondence of these shifts to the priorities of the country's economic development.

Policy concerns will keep Turkish lira under strain

2021 ◽  
Keyword(s):  
Central Banks ◽  
Fourth Quarter ◽  
Economic Recovery ◽  
Corporate Debt ◽  
Economic Stability ◽  
Lower Growth ◽  
Content Type ◽  
Risk Appetite ◽  
Service Sectors ◽  
Turkish Lira

Significance Mounting concerns that a faster-than-expected global economic recovery from the COVID-19 pandemic will spur inflation, forcing the leading central banks to signal an earlier-than-expected withdrawal of monetary stimulus, have contributed to renewed pressure on the lira. Although Turkey is less vulnerable than it was in 2013, it is still acutely susceptible to a sharp deterioration in risk appetite. Impacts Policy tightening in the fourth quarter will probably be reflected in lower growth in the current and later quarters. Provided the coronavirus threat fades and vaccination proceeds apace, the prospects for tourism and some service sectors will improve. Base effects and financial and economic stability may allow growth of 3-5% in 2021, despite lira volatility and high corporate debt levels.

Factors of Influence on the Financial Performance of Agricultural Enterprises

2020 ◽  
pp. 220-227
Author(s):  
Mariia Petrova ◽  
Keyword(s):  
Financial Performance ◽  
Economic Activity ◽  
Complex Problem ◽  
Economic Stability ◽  
Agricultural Enterprises ◽  
Technical Innovations ◽  
Factors Of Influence ◽  
Definition Of ◽  
High Level ◽  
The Cost

The article is devoted to the analysis of factors of influence on the increase in financial performance of agricultural enterprises. The approaches of scientists to determine the essence of the concept of profit are analyzed, their own definition of the concept is formed. The system of proof that the company's task is to make a profit, which is the main stimulus of economic activity is provided. Profit ensures the economic stability of the company, guarantees its financial independence. In order to improve financial results, the company is interested in looking for untapped opportunities and reserves, more efficient ways of using resources, producing products for which there is demand, applying organizational and technical innovations that ensure the efficiency of production, etc. Therefore, the study of factors that affect the level of profitability of the company is a very topical topic that requires further research. It has been established that profit is the main financial result and an incentive for the economic activity of enterprises, the main source of its functioning and development. In today's environment, improving financial results is a complex problem. For their continued growth, the company is interested in updating methods of mobilizing hidden opportunities and reserves, preserving existing and attracting additional resources, upgrading production facilities, focusing on the production of goods of constant and high demand, introducing organizational and technical innovations, and constantly improving the efficiency of production. The need for continuous creative analysis of factors that affect the size of the profit is emphasized. Ways to ensure the growth of financial results of agricultural enterprises by reducing the cost of production, adjusting the prices of products, increasing the technological level of production, changing the structure and volume of products, increasing soil fertility, the level of productivity, the most rational use of labor, material and financial potential are explored. All this, combined with the effect, is able to provide the company with a high level of profitability of operation, increase its level of competitiveness, increase the demand for products, develop export potential, attract new investors, update the fixed capital, improve the fertility of the soil, eventually improve the environment.

DEVELOPMENT OF MILK PRODUCTION IN UKRAINE AND ECONOMIC SUSTAINABILITY OF THE DAIRY COMPLEX

2019 ◽  
pp. 8-15
Author(s):  
Vitalii NITSENKO ◽  
Yuriy I. DANKO
Keyword(s):  
Dairy Cattle ◽  
Milk Production ◽  
Dairy Industry ◽  
The State ◽  
Small Scale ◽  
Economic Sustainability ◽  
Scale Production ◽  
Economic Stability ◽  
Cattle Breeding ◽  
Starting Point

The aim of the study was to develop theoretical, methodological and practical foundations for achieving the economic sustainability of dairy products by enterprises. The structure of the dairy subcomplex in terms of supply chain management is disclosed. This methodological approach made it possible to outline the external environment of the milk production and the dairy industry as a whole. We consider the category «economic sustainability» as the system ability to maintain its working condition in order to achieve the planned results in the presence of various perturbation effects (destabilizing internal and external factors). The starting point was the hypothesis that the economic sustainability of the dairy subcomplex as a whole depends on the economic sustainability of milk production entities (agricultural enterprises and households). Comparing the profitability level that has the potential to provide dynamic economic stability with the average in the dairy industry proves - without active state support the dairy industry in Ukraine is in danger of phasing out. The analysis of economic practices in Ukraine (in particular, data of the State Statistics Service) allowed to formulate the author's vision of the directions of achieving the dairy sub-sector of the state of dynamic economic stability. They include: the development of industrial dairy cattle as opposed to the dominance of small-scale production; changes in pricing policy, as well as the calculation of government subsidies by reformatting approaches to determining the cost of milk production, which will allow to adjust the reproduction system of own livestock and will increase the profitability of the dairy industry; achievement of higher quality of dairy raw materials by means of logistical re-equipment of farms, improvement of personnel qualification, provision of high sanitary standards, improvement of veterinary services; diversification of milk distribution channels in order to reduce the market power of the processing industry enterprises. Key words: milk production, economic sustainability, dairy subcomplex, industrial cattle breeding, dairy cattle breeding.

Operating Profit Drivers for Large Companies in the Spanish Hotel Sector: A Temporal Analysis (2004-2017)

2020 ◽  
Vol 44 (8) ◽  
pp. 1270-1290
Author(s):  
Miquel Carreras-Simó
Keyword(s):  
Methodological Approach ◽  
Temporal Analysis ◽  
Economic Recovery ◽  
Management Process ◽  
Research Methodologies ◽  
Management Performance ◽  
Internal Factors ◽  
Operating Profit ◽  
Hotel Sector ◽  
Time Invariant

The improvement of performance and profitability in hotel companies is backed by a continuous and progressive management process. However, research methodologies have generally adopted a static perspective that does not specify the concrete trajectories used by companies to improve management performance and profitability. This article proposes a dynamic methodological approach to analyze the profit drivers of the largest Spanish hotel companies throughout the period 2004 to 2017. This period is characterized by a recession and subsequent economic recovery, and therefore, it supplies a long and varying perspective for evaluating the management trajectories used by these companies to push their profits. Findings show that the composition of profit drivers is neither uniform nor time invariant and can depend on both external and internal factors.

COVID-19 strengthens EU drive for economic sovereignty

2020 ◽  
Keyword(s):  
Private Sector ◽  
Supply Chains ◽  
Public Investment ◽  
Economic Recovery ◽  
European Politics ◽  
Economic Stability ◽  
Content Type ◽  
Consensus View ◽  
Pharmaceutical Production ◽  
The Eu

Subject EU economic sovereignty. Significance COVID-19 is increasing momentum within the EU to enhance the bloc’s economic and strategic sovereignty by substantially reducing dependence on non-EU powers, particularly China. While the immediate concern is to become more self-sufficient in medical and pharmaceutical production, leaders are also set on strengthening European sovereignty in critical sectors including technology and automobiles. Impacts A strong economic recovery will be important in determining an EU consensus view concerning the bloc’s main economic competitors. Public investment in the private sector will provide greater economic stability, but more state influence on supply chains and investments. Scepticism of China will become a growing feature in European politics.

scholarly journals THE CONSTRUCTIVE NATURE OF THE STRUCTURAL FEATURES OF THE BUSINESS STRATEGY OF ENTERPRISE DEVELOPMENT IN THE CONTEXT OF GLOBALIZATION

2021 ◽  
pp. 43-45
Author(s):  
А.І. Пляскіна
Keyword(s):  
Complex System ◽  
Economic Activity ◽  
Business Strategy ◽  
Structural Features ◽  
External Factors ◽  
Enterprise Development ◽  
Economic Stability ◽  
Economic Problems ◽  
Optimal Decisions ◽  
The Face

The article presents a comprehensive methodology for the formation of a business strategy for the development of an enterprise, which makes it possible to increase its economic stability in the face of changes in the parameters of the functioning environment. It has been established that ensuring the competitiveness of an enterprise should be based on alternative options for its development, depending on the influence of external factors and the level of risk when focusing on one or another variant of the production and economic activity of the enterprise. Each enterprise is a complex system of interacting elements. Models of strategic management of the enterprise at a choice of strategy are analysed. Building principles and methods of analysis, modelling and management of economic risk is of great importance for making optimal decisions in conditions of uncertainty and conflict in solving certain economic problems, including the formation of business strategy for enterprise development.

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