scholarly journals The influence of the crisis on corporate governance and its legislative regulation: evidence from Ukraine

2021 ◽  
Vol 10 (45) ◽  
pp. 158-174
Author(s):  
Alina H. Harkusha ◽  
Oleg P. Koretsky ◽  
Pavlo S. Pokataiev ◽  
Hryhorii M. Bukanov ◽  
Andrii V. Biliuk
Keyword(s):  
Crisis Management ◽  
Economic Loss ◽  
Corporate Management ◽  
Administrative Staff ◽  
Labor Legislation ◽  
Crisis Conditions ◽  
The Stability ◽  
Innovation And Change ◽  
Legislative Measures ◽  
Significant Factors

The crisis caused by COVID-19 pandemic has affected the world community, changed the usual way of operating and managing each organization. The article aims to outline possible ways to optimize corporate management in crisis conditions in Ukraine. Based on the statistical methods the influence of COVID-19 pandemic on the activity of organisations in these conditions in Ukraine was determined, thus, this period was characterized by enterprises’ income fall, growing share of dismissed employees, new challenges for administrative staff in the area of innovation and change management etc. The most significant factors influencing the organization's crisis management were classified: negative (economic loss, lack of working capital, lack of demand for the products of the company, reducing staff, closing the economic areas that affect the company's operations, interruptions in the work of contractors) and positive (ensuring the stability of wages, changes in labor legislation, management flexibility, development of new forms of business, improving communication between the administration of the organization and the state). Determined that optimize crisis management organization possible through the implementation of management, economic and legislative measures. The optimization of crisis management of the organization will lead to economic development and preservation of human capital in the country.

THE FUNCTIONING OF THE ORGANIZATION IN CRISIS CONDITIONS ON THE EXAMPLE OF MICRO AND SMALL ENTERPRISES

2021 ◽  
Vol 22 (3) ◽  
pp. 121-131
Author(s):  
Albin Skwarek
Keyword(s):  
Crisis Management ◽  
Research Problem ◽  
Survey Method ◽  
Small Enterprises ◽  
Limited Extent ◽  
Main Thesis ◽  
The Face ◽  
Remedial Actions ◽  
Micro And Small Enterprises ◽  
Crisis Conditions

The article deals with the issues of the functioning of enterprises in the conditions of crisis. It presents the specifics of crisis management and proposals for remedial actions that should be considered by companies affected by the crisis. The main thesis of the article is that company management in crisis situations is based on a combination of reactive and prospective decisions taken in order to counteract the destabilization of its functions. The research problem boils down to answering the question: whether and to what extent, in the face of the uncertainty caused by the Covid-19 pandemic, are micro and small enterprises inclined to make quick prospective decisions? For the purposes of this article, a survey method was carried out, which enabled the implementation of the main goal of the article, which was to identify and assess the usefulness of actions taken and solutions implemented by the surveyed entities in connection with the Covid-19 pandemic. The adopted research hypothesis assumes that micro and small enterprises, in the face of a pandemic, make quick, prospective decisions to a limited extent.

Drawing the Technologies of Improving the Methods of Crisis Management Based on a Complex Approach

2019 ◽  
pp. 222-240
Author(s):  
Nelu Mocanu
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Crisis Management ◽  
Economic Model ◽  
Organizational Analysis ◽  
Complex Approach ◽  
The Social ◽  
Economic Politics ◽  
Modern Economic ◽  
The Stability

The purpose of any modern economic politics is to ensure the stability and economic growth. In order to achieve this goal, each economic agent models (builds) an individual economic strategy. The building of the actual economic model is influenced by many factors – political, geographical, national, and cultural. Today, by the notion of crisis, we understand an aggravation of the discrepancies of the social-economic system that threaten its stability. Specialist that deal with problems of crisis management claim that measures must be taken when the financial results of the enterprise become unsatisfactory, when symptoms of an unfavorable situation of the activity of enterprise appear. This chapter presents the economic-organizational analysis of the strategies applied in the anti-crisis management.

Effect of the environment on processing and handling materials at sea

1978 ◽  
Vol 290 (1366) ◽  
pp. 161-177 ◽  
Keyword(s):  
Deep Water ◽  
Seasonal Variations ◽  
Deep Sea ◽  
Weather Conditions ◽  
Floating Structure ◽  
Mining Operations ◽  
Waste Products ◽  
The Stability ◽  
Vast Range ◽  
Significant Factors

Compared with conventional land-based mining and processing operations, the exploitation of minerals from the seabed, particularly in deep water, involves a vast range of new problems in conducting the various stages of mining, transportation, processing and disposal of waste products, in a marine environment. In all such operations the ways in which local sea and weather conditions and their seasonal variations affect the stability of the vehicle, be it ship or other floating structure or submersible from which the operations are being conducted, have to be taken into account. The resulting motion together with vibration generated by propulsion and other machinery are significant factors in the performance and behaviour of equipment and materials during processing, handling and transportation operations at sea. In deep-sea mining operations at depths of 2-5 km the effects of associated pressure, salinity and temperature must also be dealt with. The paper reviews the present state of such knowledge as currently practised in continental-shelf operations, and as proposed in various deep-sea mining operations. Associated research requirements for future mineral exploitation in the deep-sea environment are discussed.

scholarly journals DIGITALIZATION OF LABOR LAW:

2019 ◽  
Vol 8 (6) ◽  
Author(s):  
Larisa S. Kirillova ◽  
Andrey M. Lushnikov ◽  
Marina V. Lushnikova ◽  
Askhat A. Bikeev
Keyword(s):  
Labor Relations ◽  
Negative Impact ◽  
Labor Law ◽  
Digital Economy ◽  
Economic Relations ◽  
Labor Legislation ◽  
The Stability ◽  
The Moment ◽  
Definition Of ◽  
Comprehensive Study

The article discusses some aspects of the digitalization impact on labor relations. It is concluded that the digital economy could not but affect the labor legislation, since it is economic relations and the nature of labor organization that largely determine the content and specific nature of labor legislation. It is noted that many scientific materials on this issue affect only certain aspects of the digitalization of labor relations. This is largely due to the fact that the digital economy development process in Russia began somewhat later, and therefore the first works appeared only at the beginning of XX century. However, there is already a reason to conduct a comprehensive study of the problem at the moment. The authors offer to start by highlighting some trends in the development of labor law that are caused by the digital economy. It seems that further work shall be carried out with the definition of trends to identify the risks of digital changes and develop the most optimal proposals for legislation. Based on the trend consideration results, their positive or negative impact on labor relations is noted. It is noted that digitalization opens up new opportunities for the organization of labor and employment, but it carries a huge number of threats to the stability of labor relations at the same time.

scholarly journals A financial risk and fraud model comparison of Bear Stearns and Sehman Brothers: was the right or wrong firm bailed out?

2013 ◽  
Vol 11 (1) ◽  
pp. 68-87
Author(s):  
Hugh Grove ◽  
Maclyn Clouse
Keyword(s):  
Financial Reporting ◽  
Financial Risk ◽  
Model Comparison ◽  
The Us ◽  
Lehman Brothers ◽  
Us Government ◽  
Crisis Conditions ◽  
The Stability ◽  
The Right ◽  
Bail Out

In March 2008, the US government bailed out a failing Bear Stearns by arranging a sale to JP Morgan Chase, with US government guarantees for many Bear Stearns’ toxic assets that came with the acquisition. In September 2008, the US government failed to bail out a failing Lehman Brothers, which then went into bankruptcy. Soon thereafter, the US government established a bailout program for many other failing financial institutions. This paper uses financial risk and fraud models to attempt to answer the question as to why Bear Stearns was bailed out, but Lehman Brothers was not. Based on the analysis, was the right or wrong firm bailed out? In summary, these financial risk and fraud models show potential for developing effective risk management monitoring and stronger corporate governance in order to enhance relationships between management, financial reporting, and the stability of the economic system in crisis and post-crisis conditions.

scholarly journals Sustainability, Effectiveness and Efficienc of Enterprises in High-Tech Sectors in Crisis Conditions: Econometric Modelling

Vestnik NSUEM ◽  
2020 ◽  
pp. 160-176
Author(s):  
V. V. Spitsin ◽  
L. Yu. Spitsina
Keyword(s):  
Capital Structure ◽  
Positive Impact ◽  
Management Strategies ◽  
Balance Sheet ◽  
High Tech ◽  
Small Enterprises ◽  
Return On Assets ◽  
Crisis Conditions ◽  
The Stability ◽  
The Impact

The aim of this work is to model the impact of sustainability and effectiveness on the efficiency of enterprises. The object of the research is the enterprises of high-tech industries and services of Russia. Their efficiency (profitability) is analyzed in the conditions of the crisis period of 2013–2017. The sample includes 1814 enterprises or 9070 observations (1814 enterprises × 5 years). Research methods: regression analysis of panel data, models with random effects. The dependent variable is the net return on assets. Results: we found that effectiveness and sustainability have a highly significant positive impact on the efficiency (profitability) of enterprises in high-tech sectors of Russia in a crisis. Further research revealed a parabolic relationship (inverted U shape) between the share of borrowed capital in the balance sheet and profitability, as well as between the size of the enterprise and profitability. It is shown that enterprises with high stability of revenue dynamics can achieve higher profitability with effective management of the capital structure. Moreover, capital structure management strategies will be different depending on the stability of revenue dynamics. The maximum profitability values are shown by medium-sized enterprises. High revenue stability provides a slower decrease in profitability for large and small enterprises. The obtained patterns can be used by enterprises of high-tech sectors to increase the efficiency of their activities in the conditions of economic instability.

scholarly journals Prediction of crisis condition and anti-crisis regulation of regional economy

2020 ◽  
Author(s):  
Надежда Калюжнова ◽  
Екатерина Горбатенко
Keyword(s):  
Crisis Management ◽  
National Economy ◽  
Regional Economy ◽  
Russian Regions ◽  
Business Entities ◽  
Crisis Conditions

The article considers approaches to forecasting crisis conditions in the regions of the national economy. The regions of the national economy act as business entities. A list of indicators has been developed to comprehensively identify the presence of crisis conditions in the region’s economy. Grouping of Russian regions was carried out according to the degree of probability of a crisis. The directions of crisis management in the region are proposed.

scholarly journals ECONOMIC AND ORGANIZATIONAL PRECONDITIONS FOR THE DEVELOPMENT OF AGENCY RELATIONS IN A CRISIS PERIOD

2019 ◽  
Vol 5 (2) ◽  
pp. 73 ◽  
Author(s):  
Sergey Kivalov ◽  
Olha Kibik
Keyword(s):  
Crisis Management ◽  
System Analysis ◽  
Crisis Response ◽  
Economic Agent ◽  
Structural Method ◽  
Positive Trend ◽  
Problem Solution ◽  
Economic Agents ◽  
Crisis Conditions ◽  
Effective Development

The purpose of the article is the research of economic-legal and organizational principles of problem solution of economic agents’ functioning and implementation of activities within the system of anti-crisis measures in order to ensure the effective functioning of the country’s economic system. Crisis phenomena change the living tendencies of any economic agent. The purpose of each economic agent is to create sufficient capacity for functioning and development in favourable and especially in crisis conditions. In order to ensure the effective development of a business entity as an economic agent, the main condition is the maximization of its value by increasing the investment attractiveness and level of competitiveness in the domestic and foreign markets. Formation of this condition is a prerequisite for survival in a crisis situation and development ensuring in favourable circumstances. The elements of anti-crisis management should be correctly integrated into the general policy of the management system of economic agents at the microeconomic and macroeconomic level. The subject of the study is the functioning of economic agents in a crisis. Research methodology. The study is based on the use of general scientific and specialscientific methods of scientific knowledge. The dialectical method allowed investigating the definition of agency relations. The method of system analysis was used to study the principles and economic and legal preconditions of the functioning of the anti-crisis management systems. The system-structural method helped to study basic precrisis measures to develop crisis-response potential of maritime agency service. Practical implications. The article considers the mechanism of economic and legal provision of anti-crisis management drawing on the example of maritime agents. The most significant components of the transaction costs of the principal are determined. Value/originality. The role of maritime agents’ associations has been identified. The necessity and preconditions for accelerating the adaptation of the world experience of the functioning of self-regulated organizations in the field of the maritime agency, in order to improve the state of the majority of economic entities, is proved. The development of cluster forms of the organization of interaction of different participants in maritime activity was determined as a positive trend. The promising area for further research is the formation of a model of responsible relationships between economic agents of different levels in order to achieve optimal results of realization of individual and social economic interests at key stages of the life cycle of the economic systems functioning.

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