Problems of shaping the business environment in countries with economies in transition: aspects of anticorruption

A good business environment means a catalyst for small and medium enterprises, a good business environment facilitates development and sustainability of small and medium enterprises. The development of micro, small and medium enterprises (MSME) is very important to the economic development of a country, and intentionally, MSMEs are considered to be amongst the most efficient instruments for economies in transition, because of their production of sustainable economic growth, employment and poverty reduction.Small and medium enterprises are a generator of new products and technologies; they are are a source of new ideas and advanced strategies of management. Development and sustainability of small and medium enterprises depends on the business environment, which implies a series of social, legal, economic, political or institutional conditions, which are uncontrollable in nature, and affect the organizations’ functions.This study addresses the baseline documents which were taken into consideration by the Government of the Republic of Kosovo in developing economic policies, thereby analysing their advantages and disadvantages. By analysing reports, statistics on MSMEs and other documents, and further complementing the study by a research section (business survey), this paper aims at identifying the key problems faced by the MSMEs in Kosovo, and provide adequate recommendations which may be of service in resolving such problems, but also resulting into a better business environment, and economic development in general.

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The future of Russian outward foreign direct investment and the eclectic paradigm: What changes after the crisis of 2008–2009?

Competitio ◽

10.21845/comp/2010/1/2 ◽

2010 ◽

Vol 9 (1) ◽

pp. 31-54 ◽

Cited By ~ 9

Author(s):

Kalman Kalotay

Keyword(s):

Foreign Direct Investment ◽

Development Strategy ◽

Russian Federation ◽

Direct Investment ◽

Business Environment ◽

Outward Foreign Direct Investment ◽

Economies In Transition ◽

The Future ◽

Eclectic Paradigm ◽

The Russian Federation

This article explores the future of Russian outward foreign direct investment in the aftermath of the crisis of 2008–2009. As it is too early to analyse the full impact of the crisis, it develops hypotheses about the degree of slowdown in the foreign expansion of Russian transnational corporations. It uses an extension of the eclectic paradigm to home country advantages (competitive environment, business environment, development strategy, State involvement) applied to a comparison of the Russian Federation with other economies in transition as an analytical tool. Systematic differences between transnationals from the Russian Federation (global firms, based on natural resources, aiming for vertical integration of assets) and from new European Union member countries (regional firms, based on downstream activities or services, aiming for horizontal integration) allow us to formulate more solid conclusions about the future of the Russian firms facing lower export prices, lower market capitalizations and higher debts. In turn, this article argue that a comparison with the large emerging economies of Brazil, China and India, under the acronym of BRIC can be less useful in the current context, as these economies are significantly less affected by the crisis of 2008–2009 than the Russian Federation; hence they can not expect a slowdown in their outward foreign direct investment similar to that of Russian transnationals. JEL: F23; F21; O52; P29

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Mineral Raw Materials’ Resource Efficiency in Selected ESEE Countries: Strengths and Challenges

Materials Proceedings ◽

10.3390/materproc2021005083 ◽

2021 ◽

Vol 5 (1) ◽

pp. 83

Author(s):

Stavroula Giannakopoulou ◽

Fotini Chalkiopoulou ◽

Katerina Adam

Keyword(s):

Gap Analysis ◽

Raw Materials ◽

Mineral Resources ◽

Business Environment ◽

Resource Efficiency ◽

International Standards ◽

Raw Material ◽

Mineral Raw Materials ◽

Economies In Transition ◽

Secondary Raw Materials

The mineral raw materials’ resource efficiency is currently recognized in Europe as the way for the future development of the European mining economies. With this aim, a West Balkan Mineral Register was created in the EIT Raw Materials RESEERVE Project, including Primary and Secondary Raw Materials of six Eastern and South-Eastern Europe (ESEE) countries, i.e., Albania, Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, and Serbia. Within the Project, a Strengths, Weaknesses, Opportunities, and Threats (SWOT) and Gap Analysis was also performed for the development of the raw material sector in the region. This paper summarizes the main strengths to be exploited, i.e., the significant geological potential, the presence of critical raw materials (e.g., Sb, Co, REEs) in primary and secondary raw materials, and the challenges to address, i.e., compliance of resources/reserves classification with international standards, integration of state’s mineral policy with spatial planning strategies, improvement of the business environment, capacity building of the raw materials workforce and enhancement of the public acceptance of the sector, in order to achieve the sustainable development of the mineral resources of the six ESEE countries. These opportunities comply with the objectives of the EU Raw Materials Initiative and are expected to contribute in the further enhancement of those economies in transition for the upcoming years.

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IMPACT OF REGULATORY REQUIREMENTS ON ENTITIES NON-FINANCIAL REPORTING: THE CASE OF UKRAINE

10.31410/eman.s.p.2021.39 ◽

2021 ◽

Author(s):

Yana Oliinyk ◽

◽

Maria Kucheriava ◽

Alla Zinchenko ◽

◽

...

Keyword(s):

Financial Reporting ◽

Rapid Change ◽

Business Environment ◽

Business Organizations ◽

Regulatory Requirements ◽

Economies In Transition ◽

Global Problems ◽

Before And After ◽

Business Entities ◽

The Impact

In today’s environment of uncertainty and rapid change in the business environment (VUCA), there is a need to find effective solutions to global problems. The solution to urgent global problems facing Ukraine and the world depends on the orientation of business entities on the path to sustainable development. Ukraine has recently joined the countries with legislation requiring companies to compile and publish a management report. Therefore, determining the impact of institutional factors in ensuring the level of transparency and accountability of business organizations in countries with economies in transition in the context of SDGs’ attainment is now important. The core task of the study is to assess the dynamics of disclosure by certain enterprises of non-financial data, including the impact on the economy, environment and society, before and after the adoption of relevant regulations; to substantiate conclusions and suggest solutions to identified problems.

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From Craft to Institution: Accounting in Italy from the Middle ages to the Early Modern Period

Voprosy Ekonomiki ◽

10.32609/0042-8736-2012-11-135-152 ◽

2012 ◽

pp. 135-152 ◽

Cited By ~ 1

Author(s):

O. Volkova

Keyword(s):

Early Modern ◽

Middle Ages ◽

Social Economic ◽

Early Modern Period ◽

Social Institution ◽

Business Environment ◽

Technical Standards ◽

Medieval Italy ◽

Modern Period ◽

Professional Field

The article describes the evolution of accounting from the simple registration technique to economic and social institution in medieval Italy. We used methods of institutional analysis and historical research. It is shown that the institutionalization of accounting had been completed by the XIV century, when it became a system of codified technical standards, scholar discipline and a professional field. We examine the interrelations of this process with business environment, political, social, economic and cultural factors of Italy by the XII—XVI centuries. Stages of institutionalization are outlined.

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Corruption as “one‑stop‑shop”: theory and empirical analysis

Voprosy Ekonomiki ◽

10.32609/0042-8736-2018-9-32-51 ◽

2018 ◽

pp. 32-51

Author(s):

R. Yu. Kochnev ◽

L. I. Polishchuk ◽

A. Yu. Rubin

Keyword(s):

Comparative Analysis ◽

Business Environment ◽

Enterprise Performance ◽

Double Jeopardy ◽

One Stop ◽

The Commons ◽

Public Production ◽

Performance Project ◽

The Impact ◽

Sector Theory

We present the comparative analysis of the impact of centralized and decentralized corruption for private sector. Theory and empirical evidence point out to a “double jeopardy” of decentralized corruption which increases the burden of corruption upon private firms and weakens the incentives of bureaucracy to provide public production inputs, such as infrastructure. These outcomes are produced by simultaneous free-riding and the tragedy of the commons effects. The empirical part of the paper utilizes data of the Business Environment and Enterprise Performance project.

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Working Together

Conference Proceedings of the Academy for Design Innovation Management ◽

10.33114/adim.2019.05.259 ◽

2019 ◽

Vol 2 (1) ◽

Author(s):

Randi Veiteberg KVELLESTAD ◽

Ingeborg STANA ◽

VATN Gunhild

Keyword(s):

Design Education ◽

Critical Evaluation ◽

Business Environment ◽

Arts And Crafts ◽

Action Research Project ◽

Student Groups ◽

Different Types ◽

Working Together ◽

Personal Qualities ◽

Manual Skills

Teamwork involves different types of interactions—specifically cooperation andcollaboration—that are necessary in education and many other professions. The differencesbetween cooperation and collaboration underline the teacher’s role in influencing groupdynamics, which represent both a foundation for professional design education and aprequalification for students’ competences as teachers and for critical evaluation. As a testcase, we focused on the Working Together action-research project in design education forspecialised teacher training in design, arts, and crafts at the Oslo Metropolitan University,which included three student groups in the material areas of drawing, ceramics, and textiles.The project developed the participants’ patience, manual skills, creativity, and abilities,which are important personal qualities for design education and innovation and representcornerstones in almost every design literacy and business environment. The hope is thatstudents will transform these competences to teaching pupils of all ages in their futurecareers.

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