scholarly journals State Financial Management as the Basis for Innovative Development: Cross-Country Analysis

2020 ◽  
pp. 191-201
Author(s):  
Mirdamad Mirsadiq Sadigov
Keyword(s):  
Financial Management ◽  
Input Data ◽  
Financial Resources ◽  
Innovative Development ◽  
Innovation Development ◽  
Independent Variables ◽  
Dependent Variables ◽  
Cis Countries ◽  
Multifactor Regression ◽  
The Impact

A key element in ensuring effective public activity is the management of state financial resources and coordination of its financial flows. Given the rapid pace of innovative technologies development and the formation of the course of countries’ development towards global digitalization, there is a need to study the relationship between the level of innovative development of the country and its state financial management. This article summarizes the arguments and counterarguments within the scientific discussion on the place and prospects of state participation in the formation of the basis for innovative development. The main purpose of the study is to confirm the hypothesis about the functional links between the main components of budgetary resources and the level of innovative development of the country. In this regard, the array of input data is presented in the form of nine independent variables (regressors) and two dependent variables (regressands). Four of the independent variables denote individual budget revenue items, and five – expenditure, while the dependent variables (regressands) identify the level of innovation development countries. The study of the impact of state financial resources on the level of innovative development of the country is carried out in the following logical sequence: the formation of an array of input data; formalization of functional relationships between variables by constructing two-panel multifactor regression models with random effects and interpretation of the obtained results. The object of the study is nine CIS countries and their closest neighbors. The study period covered 2011-2018. The study empirically confirms the above hypothesis, which is evidenced by the following identified dependences. The level of innovation development (presented by the Innovation index) depends on changes in the structure of the state budget, in particular in direct proportion to the Compensation of employees and inversely in proportion to the items Revenue and Other expense. At the same time, the change in research and development expenditures of the country is directly proportional to the items Compensation of employees and Subsidies and other transfers, and inversely proportional to item Tax revenue and expense. The results of the study could be useful for public authorities that provide public financial management and seek to optimize activities to support innovative development. Keywords: state financial management, government expenses, government revenues, innovative development, CIS countries, regression analyses.

scholarly journals Marketing and management in insurance: impact of innovations measures

2021 ◽  
Vol 5 (2) ◽  
pp. 231-242
Author(s):  
Natalia Sidelnyk ◽  
Viktoriya Margasova ◽  
Vyacheslav Duzhyi
Keyword(s):  
Input Data ◽  
Insurance Companies ◽  
Innovative Development ◽  
Insurance Sector ◽  
Functional Relationships ◽  
Study Results ◽  
Dependent Variables ◽  
Multifactor Regression ◽  
The Impact ◽  
Innovation Metrics

Nowadays insurance industry has huge innovation potential. Several key vectors for developing the concept of insurance tech include machine learning, business analytics, consumer protection rules, Big Data, artificial intelligence, neural networks, blockchain, and telematics. Technological innovations become widespread only when a community that supports them emerges, and COVID-19 has rapidly accelerated the changes that were already in full swing to a greater extent than any other factor. COVID-19 has helped reinforce the story and illustrate the results that technologies achieve on a large scale. Modern marketing and management approaches in insurance are viewed as an activity to optimize and control the insurance company's innovation and marketing activities. It would allow taking a strategically advantageous position in the insurance market. There are two kinds of insurance marketing: structural and commodity. Structural marketing could help to solve the problem of the economic efficiency of the activity of insurance companies. Commodity marketing helps to improve financial activity and, as a result, to increase profitability. This article summarizes the arguments and counterarguments within the scientific discussion on the place and prospects marketing and management in insurance (strategies, functions, principles) in the context of key innovation metrics. The study's primary purpose is to confirm the hypothesis about the functional link between the level of innovative development of the country and key insurance determinants as drivers for transformation in marketing strategies of insurance companies. In this regard, the array of input data is presented in the form of seven independent variables (regressors), six of which denote innovation measures, one is control variable, and five dependent variables (regressands), which identify the insurance sector. The study of the impact of innovation metrics on the insurance sector of the country in the article is carried out in the following logical sequence: 1) the formation of an array of input data; selection of relevant indicators using Principal Component Analysis; 2) formalization of functional relationships between variables by constructing five-panel Multifactor regression models with Random Effects; and 3) interpretation of the obtained results. Seventeen countries of Central and Eastern Europe were selected as the object of the study for the period from 2004 till 2019. The study empirically confirms the above hypothesis, which is evidenced by the following identified dependences. Key insurance determinants depend on innovation fluctuations. The most significant positive influence on the dependent variables is exercised by the Innovations index, Research and development expenditure, and Patent applications by residents. The study results could be helpful for insurance companies that provide new insurance technologies and seek to optimize activities to support innovative development. The main directions of marketing and management in insurance should be considered from two positions applying new technologies in insurance marketing and introducing new insurance products or services.

scholarly journals Changes in Incisor Third-Order Inclination Resulting from Vertical Variation in Lingual Bracket Placement

2009 ◽  
Vol 79 (4) ◽  
pp. 747-754 ◽  
Author(s):  
Michael Knösel ◽  
Klaus Jung ◽  
Liliam Gripp-Rudolph ◽  
Thomas Attin ◽  
Rengin Attin ◽  
...  
Keyword(s):  
Null Hypothesis ◽  
Interindividual Variation ◽  
Occlusal Plane ◽  
Third Order ◽  
Vertical Variation ◽  
Independent Variables ◽  
The Third ◽  
Dependent Variables ◽  
Incisor Inclination ◽  
The Impact

Abstract Objective: To test the null hypothesis that third-order measurements are not correlated to lingual incisor features seen on radiographs. Material and Methods: The lateral headfilms of 38 untreated, norm-occlusion subjects without incisor abrasions or restorations were used for third-order measurements of upper and lower central incisors and assessment of the inclination of four sites suitable for lingual bracket placement with reference to the occlusal plane perpendicular. Lingual sections were determined by the tangents at the incisal fossa (S1), at the transition plateau between incisal fossa and the cingulum (S2), by a constructed line reaching from the incisal tip to the cingulum (S3), and by a tangent at the cingulum convexity (S4). Third-order angles were also assessed on corresponding dental casts using an incisor inclination gauge. Regression analysis was performed using the third-order measurements of both methods as the dependent variables and the inclination of the lingual enamel sections (S1, S2, S3, S4) as the independent variables. Results: The null hypothesis was rejected. For the most common bracket application sites located on the lingual shovel (S1 and S2), third-order inclination changes of 0.4–0.7 degrees are expected for each degree of change in the inclination of the lingual surface. The impact of bracket placement errors on third-order angulation is similar between sections S1 and S2 and the cingulum convexity (S4). Section S3 proved to be least affected by interindividual variation. Conclusion: The third-order measurements are correlated to lingual incisor features. Accordingly, third-order changes resulting from variation in lingual bracket placement can be individually predicted from radiographic assessments.

scholarly journals DEFINING CONDITIONS FOR INCREASING INNOVATION ACTIVITY IN THE INDUSTRIAL COMPLEX: ESSENCE, SYSTEMATIZATION, IDENTIFICATION

2021 ◽  
Vol 7 (4) ◽  
pp. 54-62
Author(s):  
Tetiana Hushtan ◽  
Anatoliy Kolodiychuk
Keyword(s):  
Imperfect Competition ◽  
Industrial Development ◽  
Hierarchical Level ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Innovative Development ◽  
Market Environment ◽  
Innovation Development ◽  
The Impact

The subject of the study is to substantiate classifications of the factors of innovation development of the industry: according to the priority, traditional, barrier, according to the hierarchical level of innovation, the nature of supply demand for innovation, the peculiarity of the influence of factors on the market environment, the influence of factors on innovation localization, importance of innovations, the effect of innovation, nature of the impact, the power of influence, the type of competition, and other classifications of factors of innovation development of the industry. The need to intensify the development of Ukrainian industry in an innovative way requires the identification of the impact on these processes of various factors. To group these influences, the assessment of these factors should be done in the context of separate classes. For this purpose, it is necessary to develop a classification of innovative factors of industrial development. The purpose of the paper is to investigate and systematize the defining conditions for the activation of innovative development in the industrial sphere. The following methods were used in the work: dialectical method of scientific knowledge, analysis and synthesis, comparative, as well as the method of data generalization. It is proved that the complex non-use of these classifications for the substantiation of innovative development of the industry will improve the quality of planning and forecasting documentation and provisions of industrial policy. The applied meaning arising from the criteria for the classification of factors is based on their specific spatiotemporal and situational application, in particular, in conditions of imperfect competition. The classification of innovative factors of industrial development according to their priority is given. In this classification, the priority is determined by the importance and relevance of innovative industry development tasks on the basis of conclusions made as a result of the literature review. Summarizing the factors of innovation development in the barrier classification allows us to distinguish three aggregated groups of factors: socio-political and managerial, socio-economic, and financial. Our socio-economic analysis of innovative development factors of industry also allowed us to identify the following their classification attributes: the hierarchical level of innovation implementation, the character of demand for innovation, the nature of the impact on the market environment, the type of impact, the time horizon of action, impact on the area of innovation localization, the economic essence of innovation, the nature of the significance of innovation, innovation effect, the nature of effective impact, the power of influence, the type of competition.

scholarly journals PENGARUH REVIU RKA-K/L OLEH APIP TERHADAP EFISIENSI ALOKASI ANGGARAN KEMENTERIAN AGAMA

2019 ◽  
Vol 1 (1) ◽  
pp. 12
Author(s):  
Edy Effendi ◽  
Muhammad Imron
Keyword(s):  
Linear Regression ◽  
Simple Linear Regression ◽  
Independent Variables ◽  
Dependent Variables ◽  
Before And After ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Research on the role of the APIP review of the Ministry/agency Work Plan and Budget document to determine the impact on the efficiency of ministry/agency spending (case study at the Ministry of Religion). The method used in this study uses simple linear regression with dummy. The use of linear regression is used to examine the relationship between independent variables (certain types of expenditure) and dependent variables (total expenditure). Whereas, dummy is used to find out before and after the APIP review is done. Throughout the author's search, this research has never been done. Based on the results of linear regression obtained, the APIP review significantly had a positive effect on official travel expenditure and honorarium but did not significantly affect building spending and equipment. Abstrak   Penelitian atas peran reviu APIP atas dokumen Rencana Kerja dan Anggaran Kementerian Negara/Lembaga untuk mengetahui dampaknya terhadap efisiensi belanja kementerian/lembaga (studi kasus pada Kementerian Agama). Metode yang digunakan dalam penelitian ini menggunakan regresi linier sederhana dengan dummy. Penggunaan regresi liner digunakan untuk meneliti hubungan antara variable independen (jenis belanja tertentu) dan variable dependen (total belanja). Sedangkan, dummy digunakan untuk mengetahui sebelum dan setelah reviu APIP dilakukan. Sepanjang penelusuran penulis, penelitian ini belum pernah dilakukan. Berdasarkan hasil regresi linier diperoleh, reviu APIP signifikan berpengaruh positif terhadap  belanja perjalanan dinas dan honorarium tetapi tidak signifikan berbengaruh terhadap belanja gedung dan alat.

scholarly journals MOTIVES, OBSESSION WITH DEATH AND BEHAVIORAL INTENTIONS IN DARK TOURISM

TEME ◽  
2019 ◽  
pp. 455
Author(s):  
Darko Dimitrovski ◽  
Maja Luković ◽  
Vladimir Senić
Keyword(s):  
Behavioral Intention ◽  
Behavioral Intentions ◽  
Emotional Response ◽  
Dark Tourism ◽  
Independent Variables ◽  
Dependent Variables ◽  
Historic Significance ◽  
The Impact ◽  
Potential Moderator ◽  
Significant Moderator

Dark tourism varies in form from other types of tourism in that it involves visiting tragic sites or sites where death of historic significance occurred. This study explores the influence of the main motivators on behavioral intentions of those visiting dark tourism events by examining the impact of learning, socialization, relaxation and escape, emotional response and novelty on behavioral intentions, whilst variable death obsession is set as potential moderator of interdependence between independent variables and dependent variables. The findings suggest that learning, emotional response and novelty have a statistically significant impact on behavioral intentions, while death obsession is not seen as significant moderator. Purpose of research was to determine if death obsession as psychological trait have any influence on relation between motivation and behavioral intention in dark tourism event context.

scholarly journals Impact of Humor Advertising on Brand Purchase Strategy

2019 ◽  
Vol 12 (1) ◽  
pp. 60-70
Author(s):  
Amin Palikhe
Keyword(s):  
Data Analysis ◽  
Purchase Intention ◽  
Brand Attitude ◽  
Test Results ◽  
Huge Amount ◽  
Independent Variables ◽  
Descriptive Research ◽  
Dependent Variables ◽  
Independent Variable ◽  
The Impact

   The humor advertisement is important for every types of marketer. The main aim of the study is to analyze the impact of humor advertisement on the brand purchasing strategy of consumers. This study used descriptive research design by testing the hypothesis with dependent and independent variables. The questionnaire based survey has been undertaken upon the sample of 136 respondents. Furthermore, data analysis has been carried forward with the help of SPSS through regression and correlation. The results reveal that there is no significant relationship exists between the independent variable (humor advertisement) and the dependent variables (brand attitude, brand memories, purchase intention). There is low correlation between humor advertisement and brand attitude that shows p<0.1. Industries have been spending huge amount of money on humor advertisement but the study has also revealed that there is no significant changes in brand purchase strategy of consumer by appealing humor advertising. Test results of correlation and regression shows that humor advertisement can’t make brand purchase strategy. Therefore study of consumer behavior is important to create brand purchase strategy and spending nature of consumer towards advertised products.

scholarly journals Analisa Kinerja Keuangan 34 Provinsi Indonesia di Tahun 2018

2019 ◽  
Vol 28 (02) ◽  
pp. 170-197
Author(s):  
Harsono Yoewono
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Financial Management ◽  
Central Government ◽  
Power Sharing ◽  
Independent Variables ◽  
Regional Budget ◽  
Dependent Variables ◽  
The Difference ◽  
Regional Budgets

Power sharing and delegation is politics in nature. The economic side appears on the regional budget planning and realisation. It is the mechanics and the setting of general policy, priority, and plafond of temporary budget. The latent fiscal gap occurs when revenues collected are lesser than expenditures spent, vice versa. Higher portion of expenditures posted as basic allocation has not been coped well with steady regional income. Supports in terms of better capability and capacity to collect regional revenues appear to be non-existent and meaningless, but the resource-rich regions. Even so, the central government appears to have big and deep impacts on the definition of taxable objects and types, and local retributions. This study is to seek which financial performance indicators that can be well-predicted by a numerous variables and indicators forming the regional budgets (APBD) of 34 provinces in Indonesia in 2018. The data was collected from DJPK website in early May 2019. The research method is quantitative descriptive in nature, and using both the OLS regression and determinant regression analysis. Based on the research of recent studies, a numerous financial performance indicators were derived as dependent variables, along with the variables forming the regional budgets of 34 provinces in Indonesia as independent variables. Sixteen dependent variables were set, whilst the 48 independent variables comprised of 4 groups, that is 4 variables of regional specific (r_#), 23 variables of revenues (y_#), 9 variables of expenditures (c_#), and 12 variables of finance/fiscal (f_#). Upon the results of OLS linear regression, 3 variables of financial performance appeared to be the most significant and appealing than the rest. They were independence (k_08), the ratio of DAU in TKDD to the DAU Formula (k_16), dan decentralisation (k_10). On the contrary, 3 variables of financial performance appeared to have no determining variables. They were PAD growth (k_14), fiscal soundness and regional financial management (k_03), dan effectiveness (k_11). These 3 variables were a part of 4 variables having the least adjusted R2, with infrastructure (k_04) as the remaining one. The heteroscedastic nature that appears in the k_14 estimation equation has suggested that k_14 fails to be used as the benchmark and reference of financial performance of regional budgeting, at least in its definition and operationalisation in this study and research. Likewise the usage of f_07 variable, the fiscal gap 1, the difference of DAU Formula with basic allocation (in basic data source).

scholarly journals ORGANIZATIONAL AND FINANCIAL DETERMINANTS OF THE INNOVATIVE COMPONENT OF THE COUNTRY’S COMPETITIVENESS

2021 ◽  
Vol 5 (40) ◽  
pp. 465-474
Author(s):  
О. Baula ◽  
S. Zhukov ◽  
О. Liutak ◽  
Ya. Stoliarchuk ◽  
L. Korolchuk
Keyword(s):  
Interest Rates ◽  
Financial Support ◽  
Capital Investment ◽  
Innovation Policy ◽  
Regression Equations ◽  
Innovative Development ◽  
Industrial Sectors ◽  
State And Local ◽  
Multifactor Regression ◽  
The Impact

Abstract. The article identifies the impact of sources of funding for innovation in the country on economic growth through economic and mathematical modeling and construction of regression equations between GDP and funding for innovation and research costs with the construction of a multifactor regression equation. As a result of regression analysis, it was found that the most significant impact on the resulting indicator have such variables as capital investment from state and local budgets and research and development costs. Using the method of extrapolation, GDP growth was forecast for 4 years, and it was found that capital investment from own funds of enterprises and organizations will grow by 24,08%, capital investment from state and local budgets by 28,42%, research costs and development by 22,76% for the analyzed period.Subject to compliance with the projected values of the financial determinants of the innovative component of increasing the country’s competitiveness, the volume of estimated GDP in actual prices for the forecast period will increase by 936039,011 million UAH or 23,26%. The reasons for the low level of the state of the innovation sphere in the domestic economy are outlined: underdevelopment of the market of innovative products due to low indicators of development of integration processes in it; weakness of relations that determine the innovative nature of economic development; low motivation of the industrial sector in innovative development; the supply of technological innovations created by national industrial companies and research institutions in the domestic market is limited; high cost of development and implementation, high interest rates on the investment portfolio, a long payback period, the focus of financial institutions on the issuance of «short loans», usually consumer loans for technological renewal of industrial sectors. To resolve such contradictions, the system-forming factors of a set of measures to intensify integration processes in the innovation sphere of Ukraine were proposed. Systematized foreign experience in scientific, technical and innovation policy, as well as commercialization of innovations, taking into account which proposed conceptual guidelines for organizational and financial support of the effectiveness of the innovative component of competitiveness: economic mechanisms (direct budget investments; preferential lending; integration with foreign institutions; financial activities; increase the share of GDP aimed at financing innovation processes, development of an effective set of measures to attract international grants and household savings as investments to implement the concept of innovative development of the country’s economy, etc.); organizational mechanisms (formation of integration clusters using the potential of education, business, government, public; state assistance in the development of innovation infrastructure, etc.). Keywords:innovations, financial support of innovative development, country competitiveness, innovation system, cluster, regression, correlation, integration processes. JEL Classification O11, O19, O16, O33, E62, F20 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 12.

scholarly journals The company’s innovation development and marketing communication as a driver of the country’s macroeconomic stability: A quantitative analysis of tendencies

2021 ◽  
Vol 307 ◽  
pp. 07002
Author(s):  
Anna Rosokhata ◽  
Mariia Minchenko ◽  
Anna Chykalova ◽  
Oleksandr Muzychuk
Keyword(s):  
Quantitative Analysis ◽  
Input Data ◽  
Innovative Development ◽  
Marketing Communication ◽  
Communication Policy ◽  
Innovation Development ◽  
Industrial Enterprises ◽  
Natural Change ◽  
Business Structures ◽  
The Relationship

The work aims to analyse the activities of business structures in the issue of quantitative analysis of communication policy, as quantitative is more common and allows assessing the various aspects of communication policy of an enterprise in quantitative units. The tendency formed in conducting the communication policy of business structures is a natural change of the process in a certain time series. The paper graphically presents the relationship among the fundamental aspects of trend formation: time, place, and action. The study allows each promising trend selected from the previous stage of communication policy analysis to assess the success of the factors contributing to the speed of its spread to build input data for grouping trends that will further form promising areas of innovative development of industrial enterprises.

scholarly journals Job Selection Priorities of Accounting and Finance Graduates: An Empirical Evidence from Pakistan

2021 ◽  
pp. 27-38
Author(s):  
Sadia Anjum
Keyword(s):  
Professional Growth ◽  
Job Security ◽  
Independent Variables ◽  
Job Selection ◽  
Dependent Variables ◽  
The Subject ◽  
Inferential Analysis ◽  
Analysis Scale ◽  
The Impact ◽  
Structured Questionnaire

This study aims to evaluate the impact of six independent variables namely; professional growth, financial earnings, organizational repute, job environment, job security, and interest in the subject on one dependent variable i.e. job selection priorities of accounting and finance graduates in the perspective of Pakistan. The data of the study comprises 900 responses from final year graduates of 15 universities of Pakistan. The study used a structured questionnaire technique consisting of three parts (Part I= Demographic Characteristics, Part II and Part III= Assessment information of independent and dependent variables respectively) with 28 close-ended questions. Each item of the questionnaire was assessed using a 5-point Likert scale. The study employed demographic analysis, scale analysis, and inferential analysis. The empirical findings evidenced a positive correlation of all independent variables with dependent variables whereas no correlation was found among independent variables, and only three independent variables have a significant impact on the dependent variable of the study.

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