scholarly journals METHODOLOGICAL PRINCIPLES OF FINANCIAL STRATEGY DEVELOPMENT SUSTAINABLE DEVELOPMENT OF PUBLIC COMPANIES

2021 ◽  
Author(s):  
Liudmyla Zaitseva
Keyword(s):  
Sustainable Development ◽  
Action Plan ◽  
Business Environment ◽  
Strategy Development ◽  
Financial Strategy ◽  
Public Companies ◽  
Financial Flows ◽  
Balanced Development ◽  
Strategy System ◽  
Methodological Principles

The article emphasizes the priority of financial strategy to achieve sustainable development of the company by ensuring the balance of functions and objectives. The author’s view of the definition of “financial strategy” defines the specific functions, key features and components that allow the implementation of the financial action plan associated with risk and uncertainty. The financial strategy of a public company focused on sustainable development is a system of formation and implementation of priority financial goals that ensure balanced development by effectively attracting and using financial resources, coordinating their flows, ensuring the necessary level of financial security based on continuous accounting of external and internal factors. The methodological bases of the process of financial support of socially responsible activity of public companies, which serve as the basis of financial strategy: system of principles and goals, mechanisms of interaction of subject and object of management, nature of relations between elements of economic and organizational structure, forms of adaptation to constantly changing conditions environment. The content of priority aspects of financial strategy based on business planning in connection with certain provisions of theories of financial equilibrium, financial and economic stability and economic growth is outlined. On the basis of the system approach the conceptual model of financial strategy of sustainable development of public companies is presented, presented in the form of stages which is realized by means of own methods and financial indicators of the specified components. Of particular importance for the company is the value as an indicator of status. Due to the company’s potential, financial and non-financial capital, the influence of external factors of the business environment and time, the model of value formation is characterized in the context of socially oriented activities. The proposed components of the model indicate the factors shaping the value of financial flows of income and expenses, the cost of capital, as well as the influence of risk factors and uncertainty.

scholarly journals Round-table “Education for the Future: Thoughts on the Jubilee Report of the Club of Rome”

2018 ◽  
Vol 23 (2) ◽  
pp. 70-99
Author(s):  
Iryna Dobronravova ◽  
Lyudmyla Gorbunova
Keyword(s):  
Sustainable Development ◽  
Global Citizenship ◽  
Action Plan ◽  
Holistic Approach ◽  
Round Table ◽  
Balanced Development ◽  
Philosophical Foundations ◽  
The Future ◽  
Club Of Rome ◽  
Scientific Practical

Under this title, a meeting of the Round Table organized by the Ukrainian Synergetic Society was held within the framework of the scientific-practical conference "Innovations in Education: Value-Competence Approach", held on May 29, 2018 at the Dragomanov National Pedagogical University. Participants: I. Dobronravova, L. Gorbunova, I. Drach, L. Bevzenko, L. Bogataya, I. Yershova-Babenko, I. Knysh, N. Kochubey, T. Bilous, O. Komar, Y. Melkov, M. Nesterova, A. Pipich, L. Sidorenko. Traditionally, for such meetings, the role of moderator was performed by the president of the Ukrainian Synergetic Society, Professor Iryna Dobronravova. The participants expressed views on a certain resonance of the theses of the Rome Club with the ideas of synergetics: a call to abandon reductionism and linear thinking, recognition of a holistic approach to understanding the current situation on the planet and developing an action plan for favorable prospects, calling for synergy of action and a balance of sustainable development , call for disciplinary complementarity in research and training. It focused on the philosophical foundations of the necessary transformation of thinking, which should become integral, on the ideas of the “new Enlightenment”, the “global citizenship” policy, education strategies as “literacy about the future”, which is based on connectivity, universal values ​​and respect for cultural differences, focuses on sustainable development, on education, which comes from the pluralism of content and is inclusive, that is, it includes the whole range of contradictory and complementary perspectives, not limited to analytical, but cultivates integral thinking. It is concluded that this report is certainly of great methodological importance for educational research and educational policy, especially in clarifying the problems of sustainable (balanced) development, globalization, internationalization and the development of a global civil society. Education for sustainable development and its component - education for global citizenship are relevant in the context of the problems posed by this report of the planetary development of humanity.

scholarly journals Modeling the Business Environment of an Energy Holding in the Formation of a Financial Strategy

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 8107
Author(s):  
Alex Borodin ◽  
Galina Panaedova ◽  
Svetlana Frumina ◽  
Aidyn Kairbekuly ◽  
Natalia Shchegolevatykh
Keyword(s):  
External Environment ◽  
Business Environment ◽  
Financial Strategy ◽  
Internal Factors ◽  
Financial Flows ◽  
Dynamic Factors ◽  
Discriminant Models ◽  
Algorithmic Strategy ◽  
Integral Assessment ◽  
The Impact

This article consists of the development of a set of methodological provisions concerning the identification of the features of the influence of the business environment on the effectiveness of the implementation of the company’s financial strategy and the development of a system for its adaptation to the conditions of a dynamic external environment. The purpose of this article is to build an economic and mathematical model to identify the main elements of the business environment that affect the company’s strategy, the formation of methods for evaluating the effectiveness of the implementation of a financial strategy taking into account such influence. The author’s contribution consists in the development of an effective financial algorithmic strategy of the energy holding, considering the influence of the environmental factors. Hypothesis: the use of mathematical models of the business environment will increase the efficiency of energy holding management in the field of finance and investments. The scientific novelty of this article lies in the development of an algorithm that allows for obtaining an integral assessment of the impact of external and internal factors of the energy holding’s business environment on its financial strategy using taxonomy methods, multidimensional statistical analysis and cluster and discriminant models. Results: the authors have developed a model of the influence of the energy holding’s business space, which allows improving the interaction of financial flows within the holding and obtaining an optimal distribution of financial resources, taking into consideration the dynamic factors of the company’s external environment.

scholarly journals ANTIENTROPIC TOOLS FOR PROVIDING SUSTAINABLE BALANCED REGIONAL DEVELOPMENT

2019 ◽  
Vol 5 (1) ◽  
pp. 21
Author(s):  
Volodymyr Vakulenko ◽  
Viktoriia Koltun
Keyword(s):  
Sustainable Development ◽  
Regional Development ◽  
Action Plan ◽  
Interdisciplinary Studies ◽  
Organizational Processes ◽  
Balanced Development ◽  
Regional Administration ◽  
Vector Interaction ◽  
Sustainable Regional Development ◽  
Different Levels

The purpose of the paper is to substantiate antientropic tools for managing processes of balanced sustainable development of regions. It is shown that one of the most complicated and important contradictions in the system of territorial administration is the contradiction between the development and sustainability of such a complex multidimensional system as a region. And, obviously, relevant scientific task arises as regards to the development of modern approaches to the justification of instruments of dialectical “removal” of the specified contradiction. It is revealed that an optimal methodological step will be the introduction of antientropic approach in the processes of realization of balanced sustainable regional development. Methodology. The survey is based on the actual methodological complex that is characterised by integrity and, including classical postulates which provide its verification, it has innovative aspects. The mentioned approach is based on systems theory that is characterised today by worldwide-recognized universal cognitive tools and antientropic approach, which is in focus of contemporary interdisciplinary studies. Results. Modern approaches to phenomena of entropy are generalized; antientropic paradigm of management of processes of introducing modern model of balanced development at the regional level are substantiated; on the basis of antientropic paradigm, there is proposed a set of approaches to managing organizational processes in the system of local self-government, which provides for permanent dynamic multi-vector interaction of systems (organizations) of different levels and different environments, also it is used for ensuring coherent dissipative activity. Based on the concept of adaptive management, a complex of tools for managing organizational processes in the system of subjects of providing sustainable balanced regional development is elaborated. Practical implications. Proposals on the application of antientropic tools for providing sustainable balanced development of regions can be used by executive authorities and local self-government bodies in the process of formation and implementation of state regional policy, first of all, the Ministry of Regional Development, Construction, Housing and Communal Services of Ukraine during the formation of the State Sustainable Development Strategy and action plan for its implementation, as well as regional administration bodies when designing regional development strategies and implementing appropriate measures, selecting programs (projects) of regional development. Key scientific achievements of this paper also can be used in the process of drafting legal acts, elaborating the Administrative Reform Concept, and implementing other state program documents. Value/originality. Tools that are proposed in this research for introducing the model of balanced sustainable regional development on the basis of antientropic paradigm include the following: maintenance of an open state of the system; use of the principle of feed-forward control; realization of the principle of diversity. The presented complex of approaches ensures continuous dynamic multi-vector interaction of systems (organizations) of different levels and different environments.

Considerations on national interests in financial flows of global social and economic entities

2020 ◽  
Vol 26 (5) ◽  
pp. 1017-1038
Author(s):  
V.V. Smirnov
Keyword(s):  
Sustainable Development ◽  
Systems Approach ◽  
National Development ◽  
World Order ◽  
Fund Raising ◽  
Skewed Distribution ◽  
Managerial Decision ◽  
National Interests ◽  
Average Growth ◽  
Financial Flows

Subject. The article investigates financial flows. Objectives. The study is to determine directions of financial flows in global social and economic entities. Methods. I rely upon the systems approach and methods of descriptive statistics. Results. The article illustrates the importance of national interests in financial flows of global social and economic entities. I emphasize that finance is a factor determining the importance of national interests. Finance mirrors the national development and opportunities of a social and economic entity to protect its sovereignty. Sustainable development seems to be the ground for solving any issues of national interests as part of financial flows of social and economic entities. This may be feasible through fund raising. I determined directions of financial flows streaming to socialist and capitalist social and economic entities. In Russia capitalist social and economic entities emerge due to a positively-skewed distribution of values around the average growth rate of direct investment in non-financial assets and portfolio investment, and a negatively-skewed distribution, i.e. military spending, inflation, fiscal revenue and general reserves net of gold. The article highlights that Russia and China have similar economic views on poverty and equality. Conclusions and Relevance. As global economic ties transform and controversies concerning the world order escalate, capitalist economies disregard the specifics of the social and economic paradigm and national interests of other countries. Such controversies can be eliminated if multiple economic interests are simplified. Sustainable development and respective goals seem to offer a solution to national interests as part of financial flows of social and economic entities. The findings unveil opportunities for exercising national interests in global social and economic entities by regulating a source of financial flows, generating new competencies for managerial decision-making on sustainable development goals.

Small Agribusiness in Ensuring Sustainable Development of Rural Areas in Russia

2020 ◽  
pp. 38-42
Author(s):  
A.I. Chernykh ◽  
◽  
O.V. Goncharenko ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
National Security ◽  
Rural Areas ◽  
Economic Potential ◽  
Rural Settlements ◽  
Resource Potential ◽  
Peasant Farmer ◽  
Balanced Development ◽  
Socio Economic Development

Rural settlements occupy a significant part of the territory of Russia, where about 25% of the population lives and significant natural resource potential is concentrated, but the level of their socio-economic development is significantly inferior to urban ones. Increasing depressiveness of rural areas and spatial socio-economic differentiation is a systemic problem and an obstacle to the balanced development of the national economy, reduces its competitiveness due to insufficient use of economic potential, creates challenges to the economic and national security of the state. A powerful tool for countering such trends is the formation and implementation of the potential for the development of small agribusiness, which is mainly based on households created in the form of peasant (farmer) and personal subsidiary associations. The article ana-lyzes the potential of small agribusiness development in rural areas.

scholarly journals Italy versus Other European Countries: Sustainable Development Goals, Policies and Future Hypothetical Results

2021 ◽  
Vol 13 (6) ◽  
pp. 3417
Author(s):  
Alberto Dello Strologo ◽  
Edoardo D’Andrassi ◽  
Niccolò Paoloni ◽  
Giorgia Mattei
Keyword(s):  
Sustainable Development ◽  
Quantitative Analysis ◽  
Sustainable Development Goals ◽  
Action Plan ◽  
European Countries ◽  
Official Statistics ◽  
2030 Agenda ◽  
Development Goals ◽  
European Standards ◽  
Historical Periods

The topic of sustainable development has become increasingly central to the international community. In 2015, the UN approved the 2030 Agenda, an action plan aimed at pursuing sustainable development. The founding elements of the 2030 Agenda are the 17 Sustainable Development Goals (SDG) that refer to different areas of development. The objective of this study is to determine the state of implementation of the SDGs in Italy and to understand to what extent the country will be able to reach European standards in 2030 under current policies. To this end, a quantitative analysis was carried out which, thanks to the use of official statistics and the FORECAST.ETS function, made it possible to identify the value that the indicators will have in 2030. In addition, the dynamic index methodology was applied to measure the degree of implementation of the SDGs between two different historical periods: 2018 and 2030. The analyses carried out shows that Italy needs to take urgent measures to meet its commitment to the 2030 Agenda. The study offers one of the first insights into the implementation of the 2030 Agenda as, in addition to analyzing the country’s performance, it examines the pursuit of the SDGs within the country itself. It is therefore believed that the results may be of interest to governments, experts, and academics.

scholarly journals The Effect of the Characteristics and Activities of the Board of Directors on Sustainable Development Goal (SDG) Disclosures: Empirical Evidence from Southeast Asia

2021 ◽  
Vol 13 (14) ◽  
pp. 8007
Author(s):  
Lintang D. Sekarlangit ◽  
Ratna Wardhani
Keyword(s):  
Sustainable Development ◽  
Southeast Asia ◽  
Board Of Directors ◽  
Research Work ◽  
The Philippines ◽  
Public Companies ◽  
The Sustainable Development ◽  
The Board Of Directors ◽  
Development Goals ◽  
One Year

This study aimed to analyze the board of directors’ commitment to the Sustainable Development Goals (SDGs) by looking at the influence of the characteristics and activities of the board of directors and the existence of Corporate Social Responsibility (CSR) committees on disclosures regarding the SDGs. The directors’ characteristics that were analyzed in this research included the board size, the proportion of independent directors, the presence of female directors, and the presence of foreign directors. The activities analyzed included the number of board meetings held in one year and the percentage of directors in meetings. The context of this study was companies in five Southeast Asian countries—Indonesia, Malaysia, Singapore, Thailand, and the Philippines—during the 2016 and 2017 reporting years. This study was an initial research work aiming to empirically examine the effect of the board of directors on SDG disclosures in public companies from five countries in Southeast Asia. The study shows that the percentage of attendance of board directors’ meetings and the existence of CSR committees positively affected SDG disclosures. It also indicates that the presence of the board at the meeting can encourage more intensive SDG disclosures. Companies with a high commitment to sustainability, as shown by their forming of CSR committees, also tended to have a higher level of SDG disclosures.

scholarly journals Can Education for Sustainable Development Change Entrepreneurship Education to Deliver a Sustainable Future?

2018 ◽  
Vol 9 (1) ◽  
pp. 36-49 ◽  
Author(s):  
Glenn Strachan
Keyword(s):  
Sustainable Development ◽  
Action Plan ◽  
Youth Unemployment ◽  
Entrepreneurship Education ◽  
Education For Sustainable Development ◽  
Economic Systems ◽  
Sustainable Entrepreneurship ◽  
Sustainable Future ◽  
Development Change ◽  
Sustainability Challenges

Abstract An objective of the European Union’s Entrepreneurship 2020 Action Plan is to address high levels of youth unemployment in Europe by promoting entrepreneurship. Implementing entrepreneurship education in schools, colleges and universities is one of three strategic interventions proposed by the Action Plan. Sustainable entrepreneurship is a recognised branch of the wider field of entrepreneurship and the literature on sustainable entrepreneurship sees it as a means of addressing some of the sustainability challenges of the 21st century. This article compares the pedagogical approaches and the competences of ESD (Education for Sustainable Development) with those of entrepreneurship education to identify how ESD might influence entrepreneurship education in order to develop entrepreneurs that contribute to a sustainable future. This comparison is placed in the context of the broader debate on the need to transform the dominant neo-liberal economic systems as part of the precondition for achieving a more sustainable future.

scholarly journals “Green” bonds as a perspective instrument of attracting investments in ecological projects in Ukraine

2020 ◽  
pp. 52-60
Author(s):  
Oksana Klymenko ◽  
Svitlana Mala
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Economic Trend ◽  
Global Market ◽  
Bond Market ◽  
Regulatory Framework ◽  
Green Economy ◽  
Financial Flows ◽  
Environmental Projects ◽  
Green Investments

Relevance of research topic. The global economic trend is characterized by the “greening” of investment processes in order to ensure sustainable development. One of the instruments of attracting green investments in the economy is green bonds. In this regard, there is a need to create and operate a green bond market in Ukraine. Formulation of the problem. Ukraine has joined the global institutions promoting sustainable development and has declared the transition to a “green” economy, so analysis of foreign experience is needed to develop recommendations to a regulatory framework that will help solve the problem of attracting “green” investments in the Ukrainian economy. Analysis of recent research and publications. Among scientists and practitioners dealing with the problems of green investments, we should mention O. Veklic, Y. Podvisotsky, K. Markevich, M. Grityshina, A. Frolov. Selection of unexplored parts of the general problem. The issue of using green bonds to finance environmental projects in Ukraine remains poorly understood. Setting the task, the purpose of the study. The purpose of the study is to analyze the global trends in the green bond market and to develop recommendations for using this type of bond to finance environmental projects in Ukraine. Method or methodology for conducting research.  The theoretical basis of the study is the dialectical method of cognition and a comprehensive approach to the study of economic processes in the financial sphere. The following special methods of research were used: historical and economic analysis; statistical and economic analysis; abstract-logical analysis; graphic methods. Presentation of the main material (results of work). The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development. The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered. The concept of introduction and development of the green bond market in Ukraine is recommended. The field of application of results. The results of the study can be used in the national financial system. Conclusions according to the article. Analysis of the global market for green bonds has led to the conclusion that this financial segment is characterized by a progressive and positive development. Green bonds have created a new way of attracting investors to green assets, the advantage of which is that investors are involved in the issue of these financial instruments, which put environmental responsibility first. Creating a market for green bonds in Ukraine will allow us to accumulate and direct financial flows for the development and financing of domestic green projects.

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