scholarly journals Improving Investment Management in Agribusiness

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Olesya Finagina ◽  
Larysa Prodanova ◽  
Olha Zinchenko ◽  
Ievgen Buriak ◽  
Oleksandr Gavrylovskyi ◽  
...  
Keyword(s):  
Risk Management ◽  
The State ◽  
Theoretical Studies ◽  
Investment Management ◽  
Distinctive Features ◽  
Financial Condition ◽  
Investment Financing ◽  
External Sources ◽  
Agricultural Organizations ◽  
Effective Planning

The financial condition of many agricultural organizations does not allow financing investments at the expense of funds; therefore, there is a need for investments, borrowed sources of investment financing are too expensive. Therefore, the issue of improving investment management in agribusiness is incredibly urgent. To develop proposals, the authors analyzed theoretical studies in this area, as well as the state of agribusiness in Ukraine and investment trends. Based on the study, the authors proposed a mechanism for improving investment management in agribusiness, the distinctive features of which are the cooperation of internal and external sources, as well as risk management due to the specifics of the industry. Using a practical example, the authors showed an example of risk management in agriculture, which confirmed that taking risks into account leads to the more correct and effective planning of investment activities.

Development of a State Tax Risk Management System

2020 ◽  
Vol 17 (6) ◽  
pp. 62-75
Author(s):  
A. V. Tikhonova
Keyword(s):  
Risk Management ◽  
General Scheme ◽  
Value Added ◽  
Comparison Method ◽  
The State ◽  
Scientific Methods ◽  
Traceability System ◽  
Road Map ◽  
State Tax ◽  
Presentation Methods

The article is devoted to the development of the concept of the state to manage its tax risks, based on a systematic approach. The author's concept presupposes the presence of the following elements logically arranged according to the principle "from the general to the particular": 1) mechanisms for managing tax risks, 2) disclosing methodological recommendations, 3) specific proposals for changing legislation. To achieve this goal, the author used general scientific methods (deduction and induction, analysis and synthesis, observation, description, generalization) and private scientific methods of cognition (comparison method, graphical and tabular data presentation methods). We have presented a brief overview of the main tax risks of the Russian Federation in the current economic environment, which are classified in four areas: 1) risks in the field of value added taxation; 2) risks in the field of taxation of profits and income; 3) risks, the source of which is Russia's membership in the Eurasian Economic Union; 4) customs risks. The author presents a general scheme of tax risk management by the state, which includes the context, goals and management strategy. The priority mechanisms for managing the tax risks of the state are formulated on the basis of the presented classification of tax risks. These areas include: introduction of an end-to-end product traceability system; substantiation of taxation methods; joint elimination of tax risks (Federal Tax Service, Federal Customs Service, Ministry of Labor, Federal Service for Financial Monitoring); optimization of tax administration costs on the part of both tax authorities and taxpayers; harmonization of indirect taxation, including duty-free trade; harmonization of international tax rules at the international level; selection of the most effective tools for eliminating multiple taxation. A draft "road map" has been developed to improve the management of state tax risks.

FEATURES OF RISK MANAGEMENT AFTER REALIZING PPP PROJECTS

2018 ◽  
Vol 1 (12) ◽  
pp. 179-190
Author(s):  
Mariya Zinovievivna Masik
Keyword(s):  
Risk Management ◽  
The State ◽  
Financial Risks ◽  
Contract Negotiations ◽  
The Public ◽  
Political Risks ◽  
Force Majeure ◽  
Investment Agreement ◽  
The Law ◽  
Partnership Agreement

The article is devoted to the clarification of the peculiarities of risk management during the implementation of PPP projects. The author identifies a set of risks for a private partner, business risks of PPP projects and the main risks associated with the protests of the public, as well as public and international organizations. The typical risks of PPP projects are presented, including force majeure, political risks, profitability risks, operational, construction, financial risks, and the risk of default. The world experience of sharing risks between the partners is presented. Also named are the main methods for assessing the risks of PPP projects. It has been determined that the conditions on which the parties should reach agreement in order for the contract to be concluded are essential. Risk management can be implemented within the framework of the essential conditions for the allocation of risks. However, the provisions of the law provide for the allocation of only those risks identified by the results of an analysis of the effectiveness of the PPP project. Legislation does not directly determine how risks can be allocated to the risks identified during the pre-contract negotiations (or even at a later stage), but not taken into account in the analysis of efficiency. For example, suggestions on the terms of the partnership agreement as part of the bidding proposal may include suggestions on risk management mechanisms. There are no definite and can not be fully defined possible ways of managing risks in view of their specificity for a particular project. For this purpose, it is advisable to provide for a period of familiarization with the draft tender documentation and the possibility of making changes to it based on the findings received from potential contestants. It is also advisable to foresee cases in which it is possible to review certain terms of the contract without a competition. It is substantiated that the law does not restrict the possibility of foreseeing specific terms of an agreement on the implementation of the PPP project or to conclude additional (auxiliary) contractual instruments (for example, an investment agreement). At the same time, when laying down conditions not provided for by law, it is necessary to take into account the scope of competence of the state partner. Also, in order to ensure the principle of equality of conditions, the state partner should provide such additional conditions in the tender documentation.

Tax incentives for industrial production

2021 ◽  
Author(s):  
Roman Gereev ◽  
Milyausha Pinskaya
Keyword(s):  
Risk Management ◽  
Industrial Production ◽  
Financial Support ◽  
Industrial Development ◽  
Tax Incentives ◽  
The State ◽  
Tax Administration ◽  
Wide Range ◽  
Improve State ◽  
Theoretical Foundations

The monograph is devoted to the analysis of tax incentives, the use of which will help to achieve the economic goals of the state in the field of industrial support. The theoretical foundations of tax incentives for industrial development are considered, the effectiveness of tax incentives is evaluated, and measures to improve state financial support for industrial production are proposed. It is intended for a wide range of readers: specialists involved in tax risk management, economists in the field of industrial production, consultants in the field of taxation and tax administration, students and teachers of economic universities.

scholarly journals Performance Analysis of Peer-to-Peer Online Lending Platforms in China

2018 ◽  
Vol 10 (9) ◽  
pp. 2987 ◽  
Author(s):  
Pingfan Song ◽  
Yunzhi Chen ◽  
Zhixiang Zhou ◽  
Huaqing Wu
Keyword(s):  
Risk Management ◽  
Information Disclosure ◽  
Peer To Peer ◽  
The State ◽  
Enterprise Group ◽  
Measure Data ◽  
Unexpected Result ◽  
Data Envelopment ◽  
State Owned Enterprise ◽  
Online Lending

In this paper we intend to check the performance of Peer-to-Peer online lending platforms in China. Different from commercial banks, Peer-to-Peer (P2P) platforms’ business process is divided into the market-expanding stage and the risk-managing stage. In the market-expanding stage, platforms are intended to help borrowers attain more money, and in the risk-managing stage, platforms try their best to ensure that the lenders’ money is repaid on time. Thus, with a sample of 66 leading big P2P platforms, and a novel two-stage slacks-based measure data envelopment analysis with non-cooperative game, the performance efficiency of each stage as well as the comprehensive efficiency are evaluated. The results show that the leading big platforms are good at managing the risk, although risk management is not the major concern of most P2P platforms in China. We also find that average performance efficiency of the platforms that are located in non-first tier cities is higher than that in first tier cities. This unexpected result indicates that development of the P2P industry may relieve the severe distortion of resource allocation and efficiency loss arising from unbalanced regional development. Then dividing the platforms into different groups according to different types of ownership, we verify that performance efficiency of the P2P platforms from the state-owned enterprise group is in a dominant position, and the robustness check indicates that the major advantage of the state-owned enterprise (SOE) group mainly lies in the risk management. We also make a further study to figure out the sources of inefficiency, finding that it mainly arises from the shortage of lenders, the lack of average borrowing balance, and the insufficient transparency of information disclosure. In the last section we conclude our research and propose some advice.

scholarly journals Assessment of the Educational Process for Risk Management in the Canton Santo Domingo de Heredia, Costa Rica

2021 ◽  
Vol 2 (3) ◽  
pp. 63-66
Author(s):  
Mario Fernández Arce ◽  
Marianela González ◽  
Silvia Camacho
Keyword(s):  
Risk Management ◽  
Elementary Schools ◽  
Costa Rica ◽  
The State ◽  
Educational Process ◽  
Public Institutions ◽  
Risk Prevention ◽  
National Commission ◽  
Santo Domingo ◽  
Training Activities

The educational process for Risk Management (GR) in the canton Santo Domingo de Heredia was evaluated by investigating the training activities carried out by different entities. These entities are: The National Commission for Risk Prevention and Emergency Attention (CNE), the Municipal Emergency Committee, 8 district emergency committees, Emergency Committees of public institutions and 8 elementary schools, one per district. In the studied area there are hazards and vulnerabilities that demand proper education in order to manage efficiently the probability of human and material loses. The educational process for risk management has been carried out in the chosen zone but its level or depth is unknown. The purpose of this work is to find out the state of education to prevent disaster or emergencies and improve its weak aspects. To obtain the required information, seven instruments (questionnaires) were applied to the following key actors: an official of CNE, the coordinators of Brigade or Committees of Emergency (4 different questionnaires), and finally the person who teaches about natural and technological events in each one of the selected schools. According to results, the population of Santo Domingo has not been adequately trained to properly face the dangers and reduce the vulnerability of the canton.

scholarly journals Accelerating the transition to an innovative economy: efficiency increase and innovative investment stimulation under new conditions

2021 ◽  
pp. 117-127
Author(s):  
Yuri A. Malenkov ◽  
Keyword(s):  
The State ◽  
Innovative Development ◽  
Investment Management ◽  
Russian Economy ◽  
Strategic Approach ◽  
Efficiency Increase ◽  
Innovative Economy ◽  
Scientific Base ◽  
The Way

The problems of accelerating the transition of Russian enterprises to innovative economy are considered. The structure of new factors constraining the transition of the Russian economy to innovative development is revealed, and their analysis is carried out. A number of significant shortcomings of the scientific base of innovative investment management have been identified. New categories of innovative investments and pseudo-investments based on a strategic approach and classification of investments are proposed. The way and recommendations for resolving one of the most important contradiction between business and the state on the choice of ways and of sources of innovative investment are proposed.

scholarly journals Innovative Tools for Investment Management in the Digital Economy: a Guide for Post-Socialist Countries

2020 ◽  
pp. 181-190
Author(s):  
Gulsum Mirdamad Mammadova
Keyword(s):  
Banking Sector ◽  
Developed Countries ◽  
Capital Formation ◽  
Bank Loans ◽  
Portfolio Investment ◽  
Investment Management ◽  
Capital Management ◽  
Investment Activity ◽  
Investment Financing ◽  
Digital Capital

This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of establishing the main factors that determine the parameters and dynamics of investment activity in the country based on sources of investment financing. The main purpose of the research is to study the formed in post-socialist countries features of investment management and to develop proposals for the introduction of innovative approaches to investment management considering the experience of developed countries and current trends in digitalization of the economy. Investigation of the topic of investment management in post-socialist countries in terms of resources of investment financing is carried out in the paper in the following logical sequence. First, the literature review and theoretical analysis of the issue allowed identifying the main sources of investment financing such as own funds of enterprises, household savings, banking sector loans, capital market financing, budget funds, foreign direct and portfolio investment, funds of international organizations. The second stage of the study held a comparative analysis of the role of each of the factors on the parameters and dynamics of investment activity in post-socialist countries. Methodological tools of the research methods are correlation and regression analysis. The statistical base of the study is the World Bank data on gross capital formation, gross savings, foreign direct and portfolio investment, long-term commercial bank loans, taxes on income, profit, and capital gains. The third component of the research is the study of the experience of developed countries in the use of innovative investment financing tools, analysis of the dynamics of digital capital management tools such as WealthTech. Based on the study findings, the authors proposed recommendations for improving the efficiency of investment management in post-socialist countries and options for adapting digital tools to attract investment and manage them. Keywords: digital capital management, financial innovation, gross capital formation, investment financing, WealthTech.

scholarly journals Management accounting of risks and the company's reserve system

KANT ◽  
2020 ◽  
Vol 37 (4) ◽  
pp. 27-32
Author(s):  
Eduard Arakelyants
Keyword(s):  
Risk Management ◽  
Management Accounting ◽  
Computer Programs ◽  
The State ◽  
Balance Method ◽  
Main Indicator ◽  
Methodological Aspects ◽  
The Impact ◽  
Reserve System

The article deals with organizational and methodological aspects of the development of the balance method of risk management accounting and the company's reserve system. Specialized measures are proposed to assess the impact of risks in comparison with the protective capabilities of the reserve system on the company's cost as the main indicator of its security. Recommendations are given for analyzing the state of the company's reserve protection, including using proprietary computer programs.

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