scholarly journals DECOMPOSITION OF FINANCIAL CAPACITY OF UKRAINIAN HOUSEHOLDS IN THE CONDITIONS OF CHANGING ECONOMIC ENVIRONMENT: REGIONAL SECTION

2021 ◽  
Vol 2 (3) ◽  
pp. 68-77
Author(s):  
Olha Mulska ◽  
Taras Kloba
Keyword(s):  
Consumer Behavior ◽  
Methodological Approach ◽  
The State ◽  
Economic Behavior ◽  
Financial Behavior ◽  
Financial Resources ◽  
Effective Management ◽  
Financial Capacity ◽  
Financial Condition ◽  
Study Results

Challenges of economic instability update the study of their impact on the architecture of economic and consumer behavior of Ukrainian households, which determines their financial capacity. The purpose of the article is to carry out a comparative analysis of the financial capacity of Ukrainian households at the regional level and to identify applied features of consumer behavior in the economic crisis. The object is the financial capacity of Ukrainian households in terms of regions. The subject of research: analysis of different models of behavior of households in Ukraine (consumer, investment, and savings), which will determine the financial orientation of families by region. Research methodology. The methodological tools for assessing the economic behavior of households with the definition of its leading models - consumer, investment, savings, the correlation of which allows to determine the decomposition of the financial capacity of the territory (country, region, community). The methodological approach has been tested, which can serve as a basis for structuring management tasks in terms of strengthening the investment activities of households, ensuring the optimal structure of consumer spending to form the territory's resilience to financial shocks. An analysis of the economic behavior of households, based on the assessment of reflections – consumer, investment, and savings - as a result of the subject's understanding of its financial capacity, expressed in terms of costs and financial resources. The study results can help reflect the state of providing the entity with financial resources. These other tangible and intangible assets may be capitalized shortly and reoriented from consumption and savings to investment purposes of financial capacity of households in Ukraine. Improving the financial condition of households is closely linked to the resumption of economic activity of enterprises, as families are one of the most critical economic categories. An essential tool is an effective regional policy to level interregional disparities and effective long-term strategies for household financial behavior. Particular attention should be paid to financial planning, which is a prerequisite for effective management and control over the financial condition of households, which will balance the structure of income and expenditure, avoid unplanned expenses, rational use of available resources. When it comes to making financial decisions, they are always sensible, planned based on the real needs of household members or the adequacy of financial resources. Prospects for further research will be problem-solving, which is possible only at the state level and requires effective management decisions and the identification of different macroeconomic trends in the national economy.

Measures of financial control over the development of united territorial communities

2021 ◽  
pp. 81-90
Author(s):  
Taras H. Vasyltsiv ◽  
Olha P. Mulska ◽  
Yuliya K. Shopska
Keyword(s):  
Methodological Approach ◽  
The State ◽  
Practical Significance ◽  
Financial Resources ◽  
Financial Control ◽  
State Budget ◽  
Financial Capacity ◽  
Rational Distribution ◽  
Social And Economic Development ◽  
Further Development

The purpose of the article is to substantiate new measures of financial control over the development of united territorial communities. The article examines the relevance of the introduction of a system of financial control over the development of united territorial communities in Ukraine. The authors prove that the main goal of proper financial control of the further development of the united territorial communities in Ukraine was actualized for the three reasons: rational distribution and efficient use of financial resources; ensuring the upward dynamics and territories’ sustainable development. The features, goals, and objectives of financial control of the development of territorial communities are outlined. The essence of the concept of financial control of the development of territorial communities is specified. The results of the analysis of several indicators of financial development of the united territorial communities in Lviv region are given and the conclusion about the disproportions of financial support of community development is systematized. The author's methodological approach to the analysis of the integral coefficient of financial capacity of territorial communities of the region is developed. The analysis of the state of financial capacity of the united territorial communities in Lviv region is carried out. The scientific novelty of the research lies in substantiating the author's methodological approaches to grouping and comparative analysis of united territorial communities based on indicators of income and expenditure, grants and subventions from the state budget, which allowed to identify the level of financial capacity and assess the effectiveness of the use of financial resources in each united territorial community in Lviv region. The practical significance of the research is that the implementation of the results of the financial capacity analysis can be used as informative and analytical measures of financial control over the development of local communities. Other perspective guidelines concerning measures of improvement of financial control in the processes of social and economic development of communities are outlined.

scholarly journals The methodological approaches development to assess the creation and use of the financial capacity of the state

2019 ◽  
Vol 8 (1) ◽  
pp. 28-43
Author(s):  
Nataliya Vyhovska ◽  
Andrii Polchanov ◽  
Khaled Aldiwani ◽  
Fathi Shukairi
Keyword(s):  
Interest Rates ◽  
Methodological Approach ◽  
The State ◽  
Alcoholic Beverages ◽  
Financial Resources ◽  
Nominal Wage ◽  
Cash Income ◽  
State Budget ◽  
Financial Capacity ◽  
The Creation

The article focuses on the development of scientific and methodological approach to determining the level of creation and use of financial capacity to identify current trends of its transformation and perspective directions for development. The research urgency is due to the need to ensure high level of national security, ineffective use of the existing financial capacity of the state, disputability of scientific approaches to identifying its components and the need to choose the vector for the state’s further development. This requires additional research methodological aspects aimed at obtaining objective and well-founded assessment of the financial capacity level. The methodological approach proposed involves comparing the actual rated values of creation and use of the authorities’ financial resources (the ratio of the deficit/surplus of the state budget to GDP, the level of GDP redistribution through the consolidated budget, the ratio of the government and government-guaranteed debt to GDP and gross international reserves of Ukraine in the months of imports), financial resources of business entities (the level of listing companies capitalization, the ratio of non-performing loans to total gross loans, credit interest rate, companies’ ROA) and the financial resources of households (the share of cash income in total household resources, the ratio of the average amount of old-age pension to the average monthly nominal wage, the share of spending on food and non-alcoholic beverages in total household spending) with their recommended limits and the establishing a scoring making it possible to form an integral indicator that reflects the level of creation and use of the state’s financial capacity. The methodological approach has been tested using Ukraine as an example. This has made it possible to identify the negative tendencies of the creation and use of Ukraine’s financial capacity (the state budget imbalance, significant debt burden on the budget, high interest rates, significant share of household expenditure on consumption). Based on the results, perspectives for development of the state’s financial capacity are proposed.

scholarly journals Evaluation of the effectiveness of leveraging capital of a telecommunication company

2021 ◽  
Vol 116 ◽  
pp. 00082
Author(s):  
Tatyana Martynova ◽  
Oleslav Antamoshkin ◽  
Yuriy Danilchenko ◽  
Dmitry Eremeev ◽  
Elena Vaitekunene
Keyword(s):  
Characteristic Feature ◽  
Financial Resources ◽  
Effective Management ◽  
Economic Activities ◽  
Financial Decisions ◽  
Financial Condition ◽  
Debt Capital ◽  
Telecommunication Company

Any company, and especially an actively developing one, constantly feels the need to attract financial resources. Debt capital plays an important role for companies as an additional means for expanding and carrying out economic activities. Accordingly, effective management of borrowed capital is economically beneficial for the company, and the wrong approach to the formation of borrowed sources of the company can adversely affect its financial condition. The object of research in this article was PJSC “MegaFon”. A characteristic feature of this industry is the increased competition due to the aggressive policies of both telecom operators and companies that have entered this market from related industries. In the study, the process of forming borrowed funds by the company is presented in the form of five consecutive stages. The approbation of the proposed research scheme, using the example of PJSC “MegaFon”, showed the ambiguity of the financial decisions made to attract borrowed capital. And the main recommendation is to attract borrowed funds only for the development of the company.

scholarly journals The financial behavior of the banking services’ consumers regarding the credit- contracting for the crisis-period in Romania

2010 ◽  
Author(s):  
Laura Olteanu ◽  
Izabella Krajnik
Keyword(s):  
Consumer Behavior ◽  
Economic Crisis ◽  
Psychological Factor ◽  
Financial Behavior ◽  
Economic Environment ◽  
Financial Resources ◽  
Banking Services ◽  
Crisis Period ◽  
Vital Importance

The knowledge of costumer behavior can be interpreted as a provocation in the current economical conditions, however in conditions of crisis it becomes of vital importance. Consumer behavior is influenced by a series of factors. In the present conditions of economic-crisis, the consumers’ financial behavior regarding the banking services is strongly influenced by the economic environment. The psychological factor makes itself known, and consumers become more attentive with their financial resources, those owned or attracted.

Financial capacity of territorial communities in the context of evaluating the results of administrative and financial decentralization

2019 ◽  
pp. 26-32
Author(s):  
Iryna Hrynchyshyn
Keyword(s):  
Income Tax ◽  
Public Services ◽  
Methodological Approach ◽  
Financial Resources ◽  
Financial Capacity ◽  
Positive Effects ◽  
Social Expenditures ◽  
Theoretical Foundations ◽  
Distribution Of Income

The article investigates the theoretical foundations of the financial capacity of territorial communities. Parameters of estimation of territorial communities’ financial capacity in the context of achievement of administrative-financial decentralization results are characterized. The necessity of improvement of criteria of territorial communities’ financial capacity is determined in terms of identification of sources of personal income tax, number of operating enterprises in the territory of the territorial community and the number of payers. Attention is paid to the need of improvement of the methodological basis for calculating the taxability index by taking into account the size of the able-bodied population, the median distribution of income tax per capita weighted by the population, and inclusion in the calculation of Kyiv city budget. The peculiarities of formation and use of financial resources of the territorial communities of Lviv and Poltava regions are clarified. The scientific and methodological approach to the evaluation of the financial capacity of territorial communities is improved by determining the priority of their expenditures, the interdependence of their own revenues and transfers with the financing of public services at the level of territorial communities. The directions of increasing the efficiency of functioning of territorial communities are outlined. Based on the assessment of the interdependence of the amount of generated financial resources and the financing of public services at the level of the territorial communities of Poltava region, it is determined that the growth of own revenues should be ensured for their proper functioning, first of all, through efficient use of their own financial and economic potential; parity in the ratio of economic and social expenditures in order to generate long-term positive effects of socio-economic development of territorial communities; diversification of functional expenditures for comprehensive provision of public services at the level of territorial communities.

Financial behavior of households and its determinants

2019 ◽  
pp. 42-47
Author(s):  
Lidiya Dudynets ◽  
Hanna Holub ◽  
Roksolana Holub
Keyword(s):  
Financial Market ◽  
Financial Literacy ◽  
Financial Services ◽  
Economic Behavior ◽  
Financial Behavior ◽  
Financial Resources ◽  
Public Confidence ◽  
Compensatory Mechanisms ◽  
Low Level ◽  
Bank Card

The economic meaning of the term «financial behavior» has been researched. In this study, financial behavior is considered as a special type of economic behavior that is related to the actions of the population in the financial services market, which involves the mobilization, redistribution and investment of the population’s monetary resources. The classification of financial behavior of the population is considered. It should be classified on the basis of such features as the activity in the financial services market, the type of the result of financial behavior, the source of financial resources, the form of implementation, the instruments used in the financial services markets, the degree of risk, the propensity to innovate, the type of property of financial resources. The factors influencing financial behavior of households are analyzed, and the following types are distinguished: political, demographic, cultural, social, psychological, economic. The features of financial behavior of the population in Ukraine in comparison with other countries are determined. It has been established that the level of penetration of financial services is significantly lower than the world standards: on average, one Ukrainian has only one bank card and one current account in the bank, and the intentions of the population to save and invest are passive in nature. It is established that the greatest determinant of financial behavior, inclusiveness and literacy in Ukraine is the age and property status of financial services consumers. The problems, the solution of which will facilitate the increase of financial behavior of domestic households and their involvement in the financial market of Ukraine, are outlined. The main issues are as follows: 1) The absence of financial traditions and positive practices in financial activity in Ukraine, which is due to past historical development of the state; 2) Insufficient development of the financial market in terms of working with a private investor and limited supply of financial services to such clients; 3) Absence of the Institute of financial advisers; 4) The scope of application of compensatory mechanisms in the financial market; 5) Lack of effective tax incentives for citizen investments; 6) Low level of public confidence in financial intermediaries; 7) Disadvantages of providing market participants with the necessary financial information; 8) Low level of financial literacy of the population.

scholarly journals MANAGEMENT OF FINANCIAL RESOURCES AND THEIR IMPACT ON ENTERPRISE DEVELOPMENT

2021 ◽  
Author(s):  
Larysa Poliatykina
Keyword(s):  
Agricultural Sector ◽  
State Level ◽  
Business Environment ◽  
The State ◽  
Information Support ◽  
Financial Resources ◽  
Effective Management ◽  
Economic Activities ◽  
Progressive Development ◽  
Business Entities

The article is devoted to the issues of efficiency of functioning and development of the enterprise, which directly depend on how rationally the enterprise manages its financial resources. Based on the data of the surveyed enterprises, the results of the analysis of economic activity of business entities were conducted and presented. The issue of the need to develop and implement an effective financial resources management system is considered. Attention is paid to the issues of rational organization of accounting and analytical support of financial and economic activities of economic entities. Proposals for ensuring the progressive development of the agricultural sector of the national economy, increasing its competitiveness are substantiated. The main problems of forming a balanced economic policy of the state, effective management of taxation of producers and their support are identified. In the process of financial and economic activities, each company enters into certain economic relationships with other businesses. If the company has a high level of unjustified accounts payable, it will not be able to get a loan. The company's activities should be focused on the timely repayment of its obligations in order to avoid undesirable situations in accounting and taxation. Market conditions require the introduction of factors that have a direct impact on management efficiency. The solution of this problem is facilitated by the rationalization of information support. The issue of increasing the volume and types of information that determines the system of socio-economic relations is considered. This issue of financial relations is resolved at the state level and at the level of economic entities. In a business entity, reporting must be mutually consistent and interconnected. Therefore, reporting forms that reflect individual aspects of the entity's operations may be reliable and of good quality, provided that the entire reporting system is of good quality and objective. In today's business environment, accounting is a huge array of information and includes a large number of areas of specialization. While it is conducted with tracking and recording of financial transactions. The audit performs the role of checking the accuracy of accounts. All these levers contribute to the effective management of financial resources of the enterprise.

Essence and content of the assessment of the financial condition of the firm's. Monograph

2020 ◽  
Author(s):  
Sergey Kaledin
Keyword(s):  
Financial Analysis ◽  
The State ◽  
Financial Resources ◽  
Financial Policy ◽  
Target Setting ◽  
Financial Condition ◽  
Economic Entity ◽  
Main Target ◽  
Financial Competitiveness

The content and main target setting of the financial analysis is the assessment of the financial condition and identification of the possibility of improving the efficiency of the economic entity through sound financial policy. Financial condition of an economic entity is a characteristic of its financial competitiveness (i.e. solvency, creditworthiness), use of financial resources and capital, fulfillment of obligations to the state and other economic entities. Содержание и основная целевая установка финансового анализа - оценка финансового состояния и выявление возможности повышения эффективности функционирования хозяйствующего субъекта с помощью рациональной финансовой политики. Финансовое состояние хозяйствующего субъекта - это характеристика его финансовой конкурентоспособности (т.е. платежеспособности, кредитоспособности), использования финансовых ресурсов и капитала, выполнения обязательств перед государством и другими хозяйствующими субъектами.

scholarly journals Management and modelling of the industrial enterprise’s crisis situations

2020 ◽  
Vol 18 (1) ◽  
pp. 192-205
Author(s):  
Olena Rayevnyeva ◽  
Olha Brovko ◽  
Stanislav Filip ◽  
Iryna Aksonova ◽  
Viktoriia Derykhovska
Keyword(s):  
Life Cycle ◽  
Crisis Management ◽  
Cognitive Modeling ◽  
Methodological Approach ◽  
The State ◽  
Primary Task ◽  
Effective Management ◽  
Industrial Enterprises ◽  
Managerial Decisions ◽  
External Fluctuations

In conditions of national economy’s unstable development, the primary task of the enterprise internal management is to timely assess and predict the effects of external fluctuations on the state of the enterprise and to develop effective management decisions. The article aims to develop the methodological approach, which, based on a set of models for recognizing an artificial crisis or localizing a natural crisis, allows the crisis management of an enterprise considering its resource capabilities and stage of the life cycle as the interaction of system-forming spheres of life, namely production, financial, and labor. The practical value of the approach consists in developing a system of econometric and cognitive modeling models that allows developing a set of managerial decisions that are adaptive to external and internal fluctuations for localizing a natural crisis or recognizing an artificial crisis. The methodological approach was implemented at Ukrainian industrial enterprises. As the results of the study, several different scenarios of solutions for crisis management of the enterprise were obtained.

TOURIST BUSINESS DEVELOPMENT IN UKRAINE

2019 ◽  
pp. 39-46
Author(s):  
Stefania Mosiuk ◽  
Igor Mosiuk ◽  
Vladimir Mosiuk
Keyword(s):  
National Economy ◽  
Methodological Approach ◽  
Business Development ◽  
Tourism Industry ◽  
The State ◽  
Complete Analysis ◽  
Resource Potential ◽  
The World ◽  
Potential Resource ◽  
Favorable Conditions

The purpose of the article is to analyze and substantiate the development of tourism business in Ukraine as a priority component of the national economy. The methodology of this study is to use analytical, spatial, geographical, cultural and other methods. This methodological approach provided an opportunity to carry out a complete analysis of the state of the tourism industry of the state and to draw some conclusions.The scientific novelty lies in the coverage of the real and potential resource potential for the development of the recreational and tourism sphere in Ukraine, detailing the measures for the country ‘s entry into the world tourist market. Conclusions. Analyzing the state and prospects of tourism business development in Ukraine, it should be noted that this industry is one of the priority areas for improving the economy of the country. Historical, cultural – ethnographic, gastronomic, sanatorium and resort potentials of the country will lead the country into world leaders of the tourism industry when creating favorable conditions for investment and proper marketing.

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