scholarly journals The Benefits of Applying the Green Purchasing

2021 ◽  
Vol 92 ◽  
pp. 06037
Author(s):  
Nikola Slastanova ◽  
Hubert Palus ◽  
Rastislav Sulek ◽  
Jan Parobek ◽  
Katarina Slastanova
Keyword(s):  
Swot Analysis ◽  
Negative Impact ◽  
Value Added ◽  
Negative Effects ◽  
Processing Industry ◽  
Goods And Services ◽  
Wood Processing ◽  
Ecological Benefit ◽  
Expert Estimation ◽  
Green Purchasing

Research background: Globalisation brings both opportunities and challenges. It affects relationships in various areas of business, including the wood processing industry. The EU seeks to make the most of globalisation for citizens and businesses while reducing its negative effects. Green purchasing is one of the tools that helps to eliminate the negative effects of globalisation. To increase the competitiveness in the wood processing industry through green purchasing is not only about reducing the direct environmental impact of business activities but also about bringing social and health as well as economic and political benefits. Green purchasing is intelligent purchasing, which increases the efficiency of procurement of goods and services with the lowest possible negative impact on the environment and thus replaces goods or services that would be purchased by default to perform the same function but with a worse impact on the environment. Purpose of the article: The aim of this paper is to determine the benefits of applying green purchasing in wood processing companies. By identifying the internal and external environment, it is possible to determine the benefits of green purchasing in terms of economic, environmental, political, and social and health aspects. Methods: Using the methods of expert estimation, SWOT analysis and Fuller’s triangle, the paper evaluates the benefits of green purchasing, and defines appropriate measures with possible strategies for its application in the wood processing industry. Findings & Value added: The main economic benefit is the reduced costs, social is the education of employees, and ecological benefit is the protection of forest resources.

scholarly journals The importance of evaluation of economic determinants in public procurement processes in Slovakia in 2010–2016

2017 ◽  
Vol 8 (3) ◽  
Author(s):  
Andrea Tkacova ◽  
Beata Gavurova ◽  
Jakub Danko ◽  
Martin Cepel
Keyword(s):  
Negative Impact ◽  
Public Procurement ◽  
Value Added ◽  
Supply Side ◽  
Economic Determinants ◽  
Goods And Services ◽  
Limit Orders ◽  
Survey Sample ◽  
The Impact

Research background: Public procurement is designed to efficiently spend public sector financial resources. This should lead to savings in public funds. Domestic and foreign studies point to the fact that sufficient competition on the supply side is the condition for achieving those savings. Slovakia currently belongs to a group of countries with low competition on the supply side of the tender. Every year, about 10,000 tenders will be made in Slovakia for 5 billion Eur. However, contracting authorities have difficulty with establishing the estimated contract value and defining non-discriminatory criteria. On the other hand, contractors lack the expertise to prepare tenders, specifications are often tailored to specific bidders or products, and the price criterion has a negative impact on the quality of the goods and services purchased. Purpose of the article: The aim of the study was to investigate the impact of selected efficiency determinants on savings in public procurement in Slovakia in 2010–2016. The number of bids, the subcontractor's participation, the narrower competition and the impact of the narrower competition and the expected price on the number of bids have been examined. Methods: The survey sample consisted of 800 randomly selected public procurement con-tracts from different sectors in 2010–2016. The contracts were split on the basis of the median estimate of the above-limit (409 contracts) and below-limit (391 contracts) contracts; the divestment value was the estimated price of 400,000 Euro (without the tax). Findings & Value added: The number of offers positively influences the creation of savings in public procurement, an average of 5-6%. The impact of a narrow competition was significant, which led to a decrease in savings of 3-4% compared to the open competition if the sample was 800 contracts and over 400,000 Euro (without the tax). For below-limit orders, this determinant was shown to be statistically insignificant. The size of the contract did not affect the number of successful candidates. Also, the negative impact of narrower competition on the number of tenders was demonstrated. These findings are in line with the presented research studies. In the future, we plan to perform sectoral analyses to verify the validity of the hypotheses under review based on the results of our research.

scholarly journals Determinants preventing the implementation of green growth and sustainable development in enterprises in the Slovak wood-processing industry

2021 ◽  
Vol 129 ◽  
pp. 05007
Author(s):  
Miroslava Melichová ◽  
Natália Poláková ◽  
Mária Moresová ◽  
Anna Kocianová
Keyword(s):  
Sustainable Development ◽  
Value Added ◽  
Not Given ◽  
Research Issue ◽  
The European Union ◽  
Green Growth ◽  
Processing Industry ◽  
Empirical Survey ◽  
Wood Processing ◽  
Comprehensive Survey

Research background: Despite the fact, that green growth is one of the main goals of the European Union, a sufficient attention is still not given to it in conditions of Slovakia. The green growth represents compliance of the need to protect environment with economic development of society. So far, a comprehensive survey has not been carried out in Slovakia, which would focus on the issue of green growth and sustainable development in enterprises in the Slovak wood-processing industry. Purpose of the article: The aim of the presented paper is to identify key external and internal determinants preventing the implementation of green growth and sustainable development in enterprises in the Slovak wood-processing industry. Methods: Current information on the research issue was obtained through an empirical survey in the form of a questionnaire. Subsequently, the results were processed descriptively and graphically. Findings & Value added: The achieved results show that the key internal determinant preventing the implementation of green growth and sustainable development in enterprises in the Slovak wood processing industry is the orientation of production to the end of the production process in the context of environmental pollution. The enterprises consider insufficient state support to be the main external determinant.

Economy of households under conditions of pandemic instability

2021 ◽  
pp. 98-109
Author(s):  
Mariana Fedyk
Keyword(s):  
Negative Impact ◽  
Alcoholic Beverages ◽  
Baseline Scenario ◽  
Household Economy ◽  
Negative Effects ◽  
Subsistence Level ◽  
Goods And Services ◽  
Academic Paper ◽  
Absolute Criterion ◽  
The Impact

The purpose of the academic paper lies in assessing the state of income, expenditure and savings of households under conditions of pandemic instability. The research methodology is based on the statistical analysis of data on income, resources and savings of households in Ukraine for 2010-2020. The scientific novelty involves identifying the positive and negative effects of the pandemic on the household economy. Conclusions. The positive and negative effects of the impact of spreading the pandemic on the household economy have been revealed in the research, and as a result, the decline in economic activity and the growth of unemployment in Ukraine. It has been determined that in the period of 2020 pandemic, costs decreased by 2% and resources increased by 3%. In 2020, the share of expenditures on food and non-alcoholic beverages increased from 46,6% to 48,1% in 2019, and on non-food goods and services - decreased from 41,5% to 39,8%. The population with per capita equivalent total income per month, below the actual subsistence level, was 8,9 million people in 2019 (23,1%), in 2020 – 8,8 million people (23,2%). Despite experts’ assessments of the likely increase in poverty as a result of COVID-19 spreading under two scenarios (according to the absolute criterion, it will increase from 27,2 to 43,6%; according to an absolute criterion, it will increase from 27,2 to 50,8%). It can be noted that the COVID-19 pandemic has had a negative impact on the poorest sections of the population with low incomes. It has been determined that in the context of social-economic impact of COVID-19, families who find it more difficult to diversify their own incomes are the most vulnerable ones. The following categories have been most affected by the pandemic (they will have had the largest increase in poverty compared to the baseline scenario), namely: households with three or more children; single parents with children; households with children under three; single retirees over 65 years.Along with this, thanks to the monetary policy that has ensured a stable level of inflation and return on deposits, the share of household deposits has increased the most in the last ten years to 27%. However, it is worth noting that quarantine and the COVID-19 pandemic have led to a trend towards a partial flow of population resources from time deposits to card and savings accounts. After all, citizens sought to have free money in case of unforeseen expenses due to the uncertainty of the future development of events. Key words: households, income, resources, consumer expenditures, economic crisis, pandemic instability, quarantine restrictions.

scholarly journals Opportunities for the integration of the Ukrainian industry into global value chains

2018 ◽  
pp. 65-74 ◽  
Author(s):  
Оksana Kushnirenko ◽  
Olga Zarudna
Keyword(s):  
Production Systems ◽  
Negative Impact ◽  
Value Added ◽  
Global Value Chains ◽  
Value Chains ◽  
Manufacturing Companies ◽  
Production Networks ◽  
Processing Industry ◽  
Pass Through ◽  
The Impact

Relevance of the research topic is due to the impact of globalization which had brought an increasing number of more and more products pass through global value-added chains to reach the end users. That  has led to new forms of transnational production,  that gives new opportunities for Ukrainian producers. Formulation of the problem. The utilizing the opportunities and mitigating the negative impact of the liberalization of foreign trade makes new requirements  for production oriented businesses in a more open and competitive international environment. The development of global production systems provides opportunities for participating in global value chains, that opens up new opportunities for the industry of Ukraine and requires further scientific researches. Analysis of recent research and publications. There are various dimensions to the development of global value chains of industry that need to be taken into account. The most important of these are P.Marsh, R.Kaplinski and Morris, K.Schwab, R.Rajk, D.Rodrik, E.Rajnert, S.Veber, P Labasta, G. Dzerffi, Geets VM, Vishnevsky AS, Deineko LV, Kizim NA, Kvasha TK, Lyashenko VI, Musina LA, Pyatnitsky VT, Sidenko V.R. and others. Selection of unexplored parts of the general problem. In the context of increasing influence of integration processes on the development of international trade and production, the problem of choosing the most effective ways of integration into global value chains for the processing industry of Ukraine as a reliable supplier of products with a higher degree of processing remains insufficiently studied. Setting the task, the purpose of the study. The objective of the article is to analyze the features of the formation of value added chains and ways of integrating them into the processing industry of Ukraine as a reliable supplier of products with a higher degree of processing. The purpose of the study is developing the proposals for possible constructive ways of promoting the integration of Ukrainian processing industry into global value-added chains. Method or methodology for conducting research. This paper used of general scientific: abstract-logical, induction and deduction, systemic approach; analysis, and synthesis and special scientific research methods: statistical comparisons, grouping, sampling; structure-functional analysis, expert judgments. Presentation of the main material (results of work).The existing approaches to the definition of the notion of value added chains are disclosed and their grouping is carried out on significant grounds; The features and modern trends in the development of global value chains in the processing industry are explored; The opportunities and the existing risks have been identified in the chain of value added for the developing countries; and substantiated practical recommendations for choosing the most effective ways of integration into global value chains for the processing industry of Ukraine as a reliable supplier of products with a higher degree of processing. The field of application of results. The results of this research can be applied in the process of formation and implementation of Ukraine's integration industrial policy. Conclusions according to the article. In the article authors was made in  assessment of the integration of Ukrainian manufacturing companies into global value chains. The adoption of effective tools and instruments for encouraging the entry of Ukraine's processing industry into global value chains provides for the creation of effective policies and institutions, aimed at eliminating restrictions in the the Ukrainian producers integration into international production networks. 

scholarly journals The Impact of GST on Indian Economy

2021 ◽  
Vol 9 (11) ◽  
pp. 1419-1421
Author(s):  
Rohan Navandhar
Keyword(s):  
Central Government ◽  
Negative Impact ◽  
Positive Impact ◽  
Task Force ◽  
Current System ◽  
Tax Avoidance ◽  
Value Added ◽  
Indian Economy ◽  
Goods And Services ◽  
The Impact

Abstract: In India, the idea of GST was contemplated in 2004 by the Task Force on implementation of the Fiscal Responsibility and Budget Management Act, 2003, named Kelkar Committee. The Kelkar Committee was convinced that a dual GST system shall be able to tax almost all the goods and services and the Indian economy shall be able to have wider market of tax base, improve revenue collection through levying and collection of indirect tax and more pragmatic approach of efficient resource allocation. Under the Goods and Service Tax , every person is be liable to pay tax on output and shall be entitled to enjoy credit on input tax paid and tax shall be only on the amount of value added. GST is a single national uniform tax levied across India on all goods and services. In GST, all Indirect taxes such as excise duty, central sales tax (CST)and value- added tax (VAT) etc. will be subsumed under a single regime. Introduction of The Goods and Services Tax (GST) expected as a significant step towards a comprehensive indirect tax reform in the country, which would lead India for its economic growth. The Proposed study is designed to know the impact on GST on Indian Economy with the Help of Its individual effect on different sectors. Under GST, goods and services fall under five tax categories: 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. For corporates, the elimination of multiple taxes will improve the ease of doing business. And for consumers, the biggest advantage would be in terms of a reduction in the overall tax burden on goods. "Inflation will come down, tax avoidance will be difficult, India's GDP will be benefitted and extra resources will be used for welfare of poor and weaker section. The Lok Sabha has finally Passed the Goods and Services Tax Bill and it is expected to have a significant impact on every industry and every consumer. Apart from filling the loopholes of the current system, it is also aimed at boosting the Indian economy. Keywords: GST, Indian Economy, Positive Impact , Negative Impact, Central Government, State Government

scholarly journals BEHAVIORAL FINANCIAL DECISIONS OF THE POPULATION IN THE PROCESS OF CONSUMPTION

2020 ◽  
pp. 19-28
Author(s):  
Natalia KARPYSHYN ◽  
Solomia TABAKA
Keyword(s):  
Behavioral Finance ◽  
Negative Impact ◽  
Continuous Process ◽  
Visual Presentation ◽  
Behavioral Factors ◽  
Negative Effects ◽  
Financial Decisions ◽  
Goods And Services ◽  
Self Confidence ◽  
Subjective Perceptions

Introduction. The financial decision-making process depends not only on objective economic factors and motives; it is often under the influence of behavioural factors and subjective perceptions of situations. Consumption, as a continuous process of acquiring goods and services, has become an integral attribute of public life and a significant item of expenditure of personal and family budgets. Therefore, understanding the behavioural effects that affect the financial behaviour of consumers is an important step towards conscious consumption and rational spending of personal funds. The purpose is to theoretical analyse the influence of behavioral factors on the financial decisions of citizens in the field of consumption in order to reduce their negative effects and optimize consumer spending. Methods. System of general scientific and special research methods were used in the article. Methods of analysis, synthesis and generalization were used for the study of literary, statistical and Internet sources on the research topic; visualization method were used for visual presentation of the processed data; abstract-logical method - for generalize the presented material and formulate conclusions. The method of questionnaires and sampling, methods of statistical analysis and comparison were used for evaluate the financial decisions of households in Ukraine. Results. The article presents that using of an “intuitive” system of making financial decisions in the process consumption leads to unconscious and irrational spending of personal funds. The author generalized theories of behavioral finance and systematized the behavioral factors that influence citizens' financial decisions, namely: heuristics, emotions, framing, market influence, psychological accounting and loss perception. It has been proven that due to the lack of time for detailed information analysis, people make decisions under the influence of heuristics, such as the bandwagon effect, possession and anchoring. In such cases, money is spent irrationally and consumption becomes unconscious, as it is stimulated by marketing technologies and manipulations. Behavioral factors of emotional influence (excessive self-confidence and greed) also push the population to unjustified financial risks. Author offer to improve state policy in the field of management of personal financial resources in way to help citizens avoid the negative impact of behavioral factors and make informed financial decisions. Perspectives. The subject of further scientific research is the search and in-depth study of ways to effectively use personal funds in the field of lending and investing in the context of behavioral theories.

scholarly journals Interruptive Time Series Analysis of GST Upon Non-Performing Non-Housing Property Loans: Case Study from Malaysia

2021 ◽  
Vol 16 (1) ◽  
pp. 35-58
Author(s):  
Kuen-Wei Tham ◽  
◽  
Rosli Said ◽  
Yasmin Mohd Adnan ◽  
◽  
...  
Keyword(s):  
Time Series ◽  
Value Added ◽  
Negative Effects ◽  
Post Intervention ◽  
Time Series Regression ◽  
Commercial Property ◽  
Goods And Services ◽  
Quasi Experimental ◽  
The Cost ◽  
First Time

Value Added Taxes increases the cost of living and affect the ability of loan repayments indirectly. The introduction of the Goods and Services Tax (GST) in Malaysia in 2014 had garnered significant attention on its potential negative effects on the property industry. Coincidentally, there is a rise of non-performing non-housing property loans (NPNHLs) consisting of industrial and commercial property loans as GST was introduced and was in effect. The NPNHLs which consists of mainly industrial and commercial property loans faced a steep increase for the first time in 2014, after a long and consistent decline since 2007. From the inception stage of the GST to its effective implementation date, the Malaysian NPNHLs responded with a unique pattern that offers an opportunity for research. Hence, this study aimed to investigate and measure the intervention spill-over effects of GST upon the Malaysian NPNHLs. Utilizing a quasi-experimental design of interruptive time series regression analysis, it was found that there is a close and significant relationship between the implementation of GST and the rise of NPNHLs in Malaysia. The pre and post intervention of the GST regime was found to be in sync with the rise of non-performing non-housing property loans in Malaysia. Keywords: value added tax, goods and services tax, interruptive time series regression, Malaysia

scholarly journals The Importance of Entrepreneurship in Micro and Small Enterprises in Uncertainty and Barrier Scenarios

2022 ◽  
Vol 13 (1) ◽  
pp. 61
Author(s):  
Marcelo T Okano ◽  
Odir De Almeida Veiga ◽  
Marcelo Eloy Fernandes
Keyword(s):  
Small Businesses ◽  
Negative Impact ◽  
Cost Management ◽  
Field Research ◽  
Careful Analysis ◽  
North Coast ◽  
Negative Effects ◽  
Goods And Services ◽  
The North ◽  
Technological Developments

Economic, political, and technological uncertainties require organizations to prepare adequately for new events that occur each day. Economic crisis, changes in the policies of each country and technological developments are classic examples of these changes in organizations. Seasonality is one of the economic phenomena that occur, and different forms of management are required. The seasonality that is described as a systematic and temporal imbalance of the tourist phenomenon that does not need to be regular, caused by the climate or by the vacation periods, and is based on the consumer behavior that can be expressed in terms of the number of visitors, traffic, highways, jobs, and tickets at attractions. Therefore, through a careful analysis of seasonality, it is possible that the losses are predicted, and the negative impact is not so grotesque on the company. For this, it is good that the manager uses the cost assessment methods to assume the seasonality of sales and thus be able to guard against the negative effects of the same. The objective of this research is to understand how owners of micro and small businesses in coastal cities consider themselves entrepreneurs or not and how they deal with obstacles such as seasonality through cost management. The methodology used was based on an exploratory and bibliographic research with a qualitative approach, seeking to analyze the triad: Entrepreneurship, Seasonality and Cost Management. The field research was applied through a semi-structured questionnaire to the sample of 100 Microentrepreneurs in the trade of goods and services in Caraguatatuba and São Sebastião, central cities of the North Coast of São Paulo. The main results show that most of the interviewed entrepreneurs perceive a certain impact caused by seasonality, understand the use of Cost Management to improve their processes and are adapted to one of the main costing methods highlighted by the bibliography.

Problems of Development of Small and Medium Russian Towns

2019 ◽  
pp. 24-29
Author(s):  
V V. Kafidov ◽  
V. N. Filippov ◽  
I. P. Filippova
Keyword(s):  
Urban Development ◽  
Urban Areas ◽  
Negative Impact ◽  
Physical Space ◽  
Living Environment ◽  
Transport Infrastructure ◽  
Negative Effects ◽  
Conceptual Approach ◽  
Fundamental Factor ◽  
New Buildings

The presented study addresses the problems of development of small and medium towns in Russia. Aim. The study aims to examine a town as a socio-economic environment where its residents exist and as the fundamental factor for the development of society.Tasks. The authors identify key problems in the development of small and medium Russian towns, which interferes with the historical appearance and has a negative impact on the living environment.Methods. Problems in the development of small and medium towns in Russia are examined using theoretical methods: systematic approach, statistical analysis, social and philosophical analysis.Results. The study identifies the main negative effects of the existing model of development of small and medium Russian towns, such as destruction of their historical and cultural appearance, distortion of the overall architectural motif, increased load on communications, and congestion of the transport infrastructure.Conclusions. At the current stage, efficient development of small and medium towns in Russia is impossible within the framework of the existing infill development. This chaotic process cannot be stopped without a new conceptual approach and changes in the legislative and normative framework of urban development. The only factor that determines the boundaries of the existing approach to urban development is the lack of physical space for new buildings in urban areas. The authors formulate proposals that would help to solve the problems of development of small and medium towns in Russia. 

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