scholarly journals Enterprise product sales market selection model

2020 ◽  
Vol 217 ◽  
pp. 07024
Author(s):  
Vladimir Anisimov ◽  
Evgeniy Anisimov ◽  
Tatyana Saurenko
Keyword(s):  
Distribution Channels ◽  
Real Sector ◽  
Real Economy ◽  
Source Information ◽  
Logistics System ◽  
The Real ◽  
Logistics Strategy ◽  
Initial Stage ◽  
Reasonable Choice ◽  
Product Sales

Efficient sales logistics is the foundation of sustainability of enterprises in the real economy. This is due to the fact that it is the closing link in the logistics system, production of goods and provides a choice of distribution channels and their participants. The choice of distribution channels, first of all, involves the determination of markets for the products manufactured by the enterprise. Due to the need to ensure the effectiveness of this choice of taking into account a large number of various factors, the solution to this problem involves the use of formalized models and techniques. The article proposes a model and methodology that provides a reasonable choice of markets for the products of an enterprise in the real sector of the economy at the initial stage of forming its marketing logistics strategy. The model is based on a formal apparatus of statistical conclusions based on nonparametric statistics. This made it possible to take into account the inherent uncertainty of the source information inherent in the considered selection problem. The proposed model may be useful for digitalization in the field of logistics management of enterprises in the real sector of the economy.

scholarly journals ROLE OF THE FINANCIAL SECTOR IN FINANCING THE ENTERPRISES OF THE REAL SECTOR OF THE ECONOMY

2018 ◽  
pp. 78-84
Author(s):  
Dmytro Malysh
Keyword(s):  
Stock Market ◽  
Interest Rates ◽  
Banking Sector ◽  
Financial Sector ◽  
Bank Loans ◽  
Positive Trend ◽  
Real Sector ◽  
Real Economy ◽  
The Real

Introduction. Financial sector plays an important role in the financing of business entities in the real economy sector. A possibility of rising funds through the stock or banking sector enables substantially to expand the scope of enterprises. However, the presence of permanent financial crises does not allow companies to use these opportunities in full. Therefore, the assessment of state and trends of the stock and banking sectors in the context of the use of their funds to finance companies in the real sector of the economy becomes important. Purpose. The article aims to identify contemporary issues of development of the stock and banking sectors in the context of their ability to finance companies in the real economy. Method. In order to achieve the goal of the research we have used the following methods: method of structural and dynamic analysis and method of economic and statistical analysis of the development of the stock and banking sectors of Ukraine. Results. It has been determined that the deterioration of the stock market in Ukraine led to its exclusion from the list of marginal markets. The largest segment of the Ukrainian stock and banking sector services the issuers, which are owned by the state. At the same time, the financial sector has features of bank-centeredness since banks play a leading role in financing of companies and in transactions of the stock market. Ukrainian stock market mainly carries out operations with government bonds and only a small part of operations provides financing for the activities of companies through the issue of stocks and bonds. The share of long-term sources of funding is gradually decreasing and it is critically low for economic growth of the country. The tempos of providing long-term and short-term bank loans for the company are slowing down. A positive trend is the reduction of interest rates on loans. There is a need to develop effective measures for using opportunities of the stock and banking sectors as well for financing companies in the real sector of the economy.

scholarly journals Monetary Policy and the Real Economy: A Study of the Manufacturing and Services Sectors in Nigeria

2019 ◽  
pp. 1-13
Author(s):  
Olumuyiwa Olamade
Keyword(s):  
Monetary Policy ◽  
Value Added ◽  
Annual Data ◽  
Real Sector ◽  
Real Economy ◽  
The Real ◽  
Development Indicators ◽  
Distributed Lag ◽  
Domestic Credit ◽  
Effect Of Monetary Policy

This study examined the effect of monetary policy on the real sector of the Nigerian economy. A model was specified for each of the manufacturing and services sectors to interrogate the effect of monetary policy on the real sector. Annual data were sourced from the World Development Indicators for 1981 to 2017. Preliminary tests of the time series properties suggested the autoregressive distributed lag (ARDL) regression as the most appropriate framework for the achievement of our objectives. Diagnostic tests of the distribution of regression errors confirmed the satisfaction of all necessary regression assumptions. The models were also found stable over the study period. Thus, the models adequately represented the problems formulated for investigation and good for valid inference. While all the four channels of monetary transmission considered were found significant for value-added expansion in manufacturing, the exchange rate channel was not a significant factor in value-added change in the services sector. Our findings suggested that domestic credit is the dominant channel for the transmission of monetary impulses to the real sector. The study concluded that monetary policy will benefit the real economy more with export expansion in both the manufacturing and services sectors.

Lending to the real sector of the region’s economy: state, problems, prospects

2020 ◽  
pp. 42-49
Author(s):  
Iryna Pasinovych ◽  
Viktoriya Dmytruk
Keyword(s):  
Interest Rates ◽  
Capital Investment ◽  
Banking Sector ◽  
Foreign Currency ◽  
Point Of View ◽  
Real Sector ◽  
Real Economy ◽  
Labor Costs ◽  
The Real

Approaches to the essence and constituent elements of the real economy sector are analyzed, its optimal structure is determined. It is focused on servicing and infrastructural role of banks in relation to the entities of the real sector. The dynamics of the lending to the real sector of the economy and the level of its penetration is analyzed. The paper reveals that the growth of lending in this sector was restored only last year, but the level of penetration continues to decline. The banking sector is analyzed. The paper argues that it has become profitable for the first time since the crisis, but mainly due to reduction of deductions to reserves. The financial situation of enterprises of the real sector of the Ukrainian economy is estimated. After an increase in profitability, it was again observed to have fallen due to the growth of competition and labor costs. Production are found to have increased in the real sector, but the role of loans in its development is insignificant. The emphasis is placed on the leading role of banks in the region for business development. The regional features of lending to the real economy sector in the Lviv region are outlined. The paper determines that in this region the growth of industrial products is much higher than the average in Ukraine, while the share of balances on loans granted is one of the lowest. There are the tendencies towards the decrease of the number of banks in the given region, increase of balances of banks' claims on loans in absolute value, prevalence of long-term loans and foreign currency loans. By the share of received loans the processing industry is in second place, agriculture is in the third place. Low level of the share of unemployed loans, higher than the average in Ukraine indicator of the proportion of loans in capital investment, as well as higher interest rates on loans are the features of regional lending in the Lviv region. The factors limiting the obtaining of loans from the point of view of management entities of the studied region are outlined. Certain NBU branches are dominant in the Lviv region as for lending. The changes in the regulatory environment at the macroeconomic level that are directly related to lending are analyzed. The regulator's policy to revive lending to the real sector should be extremely cautious and systematic, aimed at limiting the concentration of risks, preventing excessive lending growth, increasing the stability of financial infrastructure and reducing the dollarization of the banking sector. Measures to increase lending in the Lviv region are outlined. The involvement of banks in the Lviv educational-industrial hub is proposed.

Institutional foundations for the Organization of the real Economy

2012 ◽  
pp. 48-65
Author(s):  
M. Deryabina
Keyword(s):  
Corporate Governance ◽  
Market Economy ◽  
Major Element ◽  
Real Sector ◽  
Real Economy ◽  
Price Mechanism ◽  
The Real ◽  
Russian Economy ◽  
Market Transformation ◽  
Institutional Foundations

The article studies theoretical and methodological foundations for the organization of the real economy. It analyzes the forms of market coordination in the real sector — the price mechanism and the hierarchy. The article studies the extent to which the organizational institutions of an advanced market economy are comparable to the organization of the real sector of the Russian economy formed during the last two decades. The most important aspects of the research are the factors of the evolution of the major element of the Russian economy under the market transformation, as well as specific characteristics of corporate governance.

scholarly journals Stimulating the Banking Sector Participation in the System of the Real Sector of Economy Support

2020 ◽  
Vol 17 (5) ◽  
pp. 5-15
Author(s):  
E. V. Altukhova ◽  
M. A. Markov
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Real Sector ◽  
Real Economy ◽  
Economic Interests ◽  
The Real ◽  
Key Characteristics ◽  
Development Institutions ◽  
Micro Level ◽  
Business Entities

The development of the real sector is essential to ensure the growth of national economy in any country. The principle institution working with money in economy is banks. They maintain cash circulation of real sector companies and act as a source of investment, which is allocated in the form of banking credits. Taking into account the fact that the goal of stimulating the real economy growth is set not only for the banking system but for economy in general, the approach to its attaining should be complex and systematic. Because of that it is very important to develop a list of steps that could provide a differentiated approach in the system of supporting companies of the real sector. Such measures’ implementation includes the participation of development institutions and therefore, banks in the system of national projects realization. Upgrading legislative regulation in the sphere of interaction between banks and business entities is extremely important as well as the development of new finance tools providing the growth in finance potential in the real sector of economy. The article analyzes banks’ participation in crediting the real sector of economy in Russia, studies the key characteristics of crediting and puts forward steps both on the macro- and micro-level, which could coordinate economic interests of companies and banks and cut costs.

Stock Market, the Institutional Structure and Stability Problem in the Capitalist Economy

2006 ◽  
pp. 80-97
Author(s):  
A. Skorobogatov
Keyword(s):  
Stock Market ◽  
Stability Problem ◽  
Institutional Structure ◽  
Real Sector ◽  
Real Economy ◽  
Economic Stability ◽  
Structure And Stability ◽  
The Real ◽  
Capitalist Economy ◽  
Planning Horizons

The paper addresses the problem of interaction of the stock market and real investment in the contemporary economy. The stock market and the real economy are considered as autonomous economic worlds with growing domination of the stock market. From the Post Keynesian perspective the author shows the implications of the stock market domination for economic stability and welfare. In particular, narrowing of the planning horizons and regular shocks due to volatility of finance availability are considered, which may facilitate the crisis because the economy is financially fragile. The institutional prerequisites for the stock market isolation and domination over the real sector are analyzed.

scholarly journals ANALYSIS OF THE STATE MARKET FROM THE POSITION OF ITS IMPACT ON THE FINANCIAL ARCHITECTURE OF ENTERPRISES OF THE REAL ECONOMY

2019 ◽  
pp. 26-35
Author(s):  
M. Dushak
Keyword(s):  
Stock Market ◽  
Banking Sector ◽  
Bond Market ◽  
The State ◽  
Real Sector ◽  
Real Economy ◽  
Equity Structure ◽  
The Real ◽  
Financial Architecture ◽  
Public Offering

The stock market plays a significant role in financing the economic entities of the real sector of the economy. The ability to raise funds using stock market instruments makes it possible to expand significantly the scale of business activity. However, the presence of recurring financial crises in the financial sector and the weak development of the stock market make it impossible for enterprises to take full advantage of these opportunities. So it is important to evaluate the state and trends of the stock market in the context of using its funds to finance real sector enterprises. In the course of the research, the authors conclude that the largest segment of the Ukrainian stock market serves government-owned issuers and mainly conducts domestic government bond transactions. Only a small proportion of operations provide financing for the activity of enterprises through the issue of shares and bonds. This situation testifies to the “fictitiousness” of the stock market, as it does not fulfill its key function of attracting temporarily free funds by issuers. In addition, the stock and bond market in Ukraine is scanty. Issuers, intending to make a public offering of shares, must fulfill sufficiently high requirements for their own securities, which does not encourage them to use this mechanism. The situation is similar in the bond market: in most cases, the issuers will spend more time and resources to carry out the issue than borrowing from the banking sector. The above points to the low interest of issuers in the real sector of the economy to use stock market instruments to manage the equity structure. There is a need to develop effective measures to leverage the stock sector's capabilities to finance businesses in the real economy. Keywords: enterprise financial architecture, stock market, bond market, capital structure.

scholarly journals Trends and Factors of the Real Economy Development and Current Tools of Support: Road Mapping for Domestic Investment

2018 ◽  
Vol 11 (6) ◽  
pp. 50-56
Author(s):  
S. V. Makar ◽  
P. V. Stroyev ◽  
L. I. Vlasyuk
Keyword(s):  
Objective Assessment ◽  
Mapping Method ◽  
Real Sector ◽  
Real Economy ◽  
Domestic Investment ◽  
Core Element ◽  
The Real ◽  
Research Technology ◽  
Investment Process ◽  
Road Mapping

The subject of the research is the development of the real sector of the economy as a core element in the complex of sustainable spatial development of Russia. It is through the real sector of the economy that the effectiveness of processes of development and saturation of the Russian national space is ensured. Domestic investments as a factor attribute of economic growth and development are conditioned by objective assessment of economic realities and trends in public administration. However, the scientific foresight is essential for the investment process. The former, in fact, ensures the sustainable development of the economy. The purpose of the paper was to substantiate, with account for world trends and existing domestic macroeconomic features and factors (external and internal), the use of the road mapping method for creating an effective investment mechanism aimed at the development and growth of the real sector of the national economy. The relevance of the research stems from the fact that it reveals the principles and attributes of the foresight technology the concept of which is essential for understanding the structure and specifics of using the roadmap approach as one of the most effective management methods for the implementation of forecasting and planning functions according to foreign practices. The advantages and preferred vectors of the roadmap as a method of the foresight research technology are shown. The types of roadmaps for the development of individual investment objects including industries/businesses, enterprises/companies and regions are considered. Along with that, the features common for all mapping objects, attributes and elements of regional road mapping are highlighted. It is concluded that it is necessary to combine the methods of foresight and GIS technologies.

scholarly journals Effect of Deposit Money Banks’ Lending Activities on the Growth of Real Sector of Nigeria’s Economy: A Disaggregated Approach 1986 – 2019

2020 ◽  
pp. 29-41
Author(s):  
Edith Nkiruka Mazeli ◽  
Patrick Kanayo Adigwe ◽  
Amalachukwu Chijindu Ananwude
Keyword(s):  
Small And Medium Enterprises ◽  
Real Sector ◽  
Real Economy ◽  
Net Income ◽  
Causality Test ◽  
The Real ◽  
Short Run ◽  
Medium Enterprises ◽  
The Cost ◽  
Bound Test

To the best of our knowledge, we presented an analysis of how the growth of Nigeria’s real sector has been affected by lending activities of deposit money banks. We examined how agricultural, industrial, and building & construction sectors of the real economy have grown owing to the fund they received from the deposit money banks moderated by the cost of fund/interest rate amidst information from 1986 to 2019. Model estimation adhered strictly to the Autoregressive Distributive Lag (ARDL) model/bound test for a long and short-run relationship. How agricultural, industrial, and building & construction sectors of the real economy have been affected by deposit money banks’ lending activities were evaluated following the approach of the granger causality test. From the result of the analysis, we concluded that deposit money banks’ lending activities have not significantly affected the growth of the real sector of the Nigerian economy. The equity investment scheme of small and medium enterprises requires that all deposit money banks operating in the country to keep 10 percent of their net income in an attempt to encourage the growth of small and medium enterprises. Although the Bankers’ Committee willingly came up with the initiative in 1999, we urge the Bankers’ Committee to review upward to let say 15 – 20 percent. This will in no small measure cause an upsurge in the output agricultural, industrial, and building & construction sectors of the real economy which are dominated by small and medium enterprises.

scholarly journals ACTIVATION OF BANKING LENDING OF THE REAL SECTOR OF ECONOMY AS A PRECONDITION OF RESTORATION OF ECONOMIC GROWTH

2018 ◽  
pp. 172-177
Author(s):  
Halyna Zabchuk
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Bank Lending ◽  
Real Sector ◽  
Real Economy ◽  
Bank Capital ◽  
Scientific Methods ◽  
The Real ◽  
Domestic Banks ◽  
Lending Activity

Introduction. The article deals with the main problems of bank lending. The proposals on the activation of bank lending in the real sector of the economy are substantiated. Purpose. The article aims to study the factors that restrain bank lending to the real sector, and to determine the directions of lending activating of the real sector of the economy by domestic banks. Method (methodology). The research has been conducted with the help of general scientific methods of analysis, namely, method of induction, method of deduction, method of systematization and generalization. Results. Economic growth in modern conditions cannot be ensured without attracting bank capital into the real economy. The main factors hindering the development of investment banking lending have been analysed. The basic mechanisms of further reformation of the banking sector in order to increase lending activity have been substantiated. A set of recommendations for improving the system of lending to the real sector of the economy by commercial banks at the present stage has been offered.

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