scholarly journals QUANTITATIVE ASSESSMENT OF THE INDUSTRIAL COMPOSITION IN THE COUNTRY’S REGIONS

2018 ◽  
Vol 24 (5) ◽  
pp. 2083-2097
Author(s):  
Romualdas Ginevičius ◽  
Dainora Gedvilaitė ◽  
Andrius Stasiukynas
Keyword(s):  
Quantitative Assessment ◽  
Economic Indicators ◽  
Drivers Of Change ◽  
Economic Activities ◽  
Industrial Composition ◽  
Quantitative Manner ◽  
Key Aspects ◽  
The Impact ◽  
Insufficient Number

To this date, insufficient number of reasoned methods for assessing the industrial composition in the country or in the region in an integrated and quantitative manner is on offer. The existing proposals are basically intended for explaining the drivers of change in the industrial composition as well as the reasons thereof. Following this analysis, the most export-oriented industries are determined. Hence, the focus is not on assessing the industrial composition of a country or a region itself in a quantitative manner, but rather the impact of the changes thereof on economic indicators, i.e. derivative measures of industrial composition. The industrial composition of a country or a region can be described through indicators that reflect three key aspects, i.e. the variety of active economic entities by their number, size and types of economic activities. The proposed methodology is suitable for assessing the industrial composition of a country’s region.

scholarly journals Methods of assessing the efficiency of innovation activities of industrial enterprises

2019 ◽  
Vol 265 ◽  
pp. 07029
Author(s):  
Nikolay Voytolovskiy ◽  
Andrey Butyrin ◽  
Andrey Chizhik
Keyword(s):  
New Technologies ◽  
Economic Indicators ◽  
Innovation Activity ◽  
Innovative Product ◽  
Economic Activities ◽  
Industrial Enterprises ◽  
Innovation Activities ◽  
Innovation Projects ◽  
Implementation Of Innovations ◽  
The Impact

The purpose of this study is to improve the methods for assessing the efficiency of innovation activity of an enterprise. The paper proposes a system of economic indicators to assess the market attractiveness of innovation projects and the readiness of the enterprise to implement them. Using these indicators, it is possible to predict the potential of an innovative product on the market, as well as to determine the financial and economic opportunities of the enterprise. The presented methods for assessing the impact of innovations on the development efficiency of the enterprise’s economic activities allow determining the growth rates of the main economic indicators of the organization. The developed mechanism for a comprehensive assessment of the implementation of innovations at the enterprise allows determining the commercial effectiveness of the introduction of innovations and the impact of new technologies on the intercompany results of the enterprise, resulting in the possibility of taking into account the commercial and intercompany efficiency of investment in projects.

scholarly journals Impact of Cultural Indicators on the Economic Performance of International Companies

2021 ◽  
Vol 17 (2) ◽  
pp. 593-606
Author(s):  
Tamara V. Kuprina ◽  
Galina O. Ivanova
Keyword(s):  
Cultural Values ◽  
Employee Engagement ◽  
Corporate Culture ◽  
Economic Performance ◽  
Interdisciplinary Studies ◽  
Economic Indicators ◽  
Economic Activities ◽  
Important Indicator ◽  
The Impact ◽  
International Companies

Nowadays, international companies are looking for new ways to improve their performance. Most studies on this issue do not consider the social environment and established corporate culture that have a direct impact on economic indicators. Based on econometric data, this research confirms the impact of cultural indicators on the economic activities of international companies in Russia, Germany and Japan, representing national, European and Asian cultures. The quantitative Denison’s method allowed us to examine the corporate culture and assign numerical values to its characteristics. The impact of cultural indicators (engagement, consistency, adaptability, mission) was assessed by means of correlation and regression analysis. According to the data obtained, even though employee engagement is shown to be the most important indicator in general, the performance and economic indicators of various enterprises are affected differently. For Russian companies, the most significant cultural indicators determining the overall performance are adaptability and engagement, as the mission indicator has the least impact. The factors of mission and engagement are of utmost importance for German organisations, while consistency and adaptability are less relevant. The economic performance in Japanese companies is strongly influenced by their mission and consistency, and the indicators of engagement and adaptability are secondary. However, the conducted research does not cover the whole variety of interactions between international companies. Future interdisciplinary studies should examine how cultural indicators influence the economic activity of companies of countries in different world regions. In the context of globalisation and localisation processes, international companies need to adapt their activities, taking into account the local cultural values.

scholarly journals Financial and economic characteristics of the organization's life cycle

2020 ◽  
Vol 82 (3) ◽  
pp. 246-252
Author(s):  
Y. A. Salikov ◽  
N. N. Krivtsova
Keyword(s):  
Life Cycle ◽  
Life Cycle Stage ◽  
Point Of View ◽  
Economic Indicators ◽  
Maturity Stage ◽  
Business Organization ◽  
Economic Activities ◽  
Stage Of Development ◽  
Life Cycle Stages ◽  
Key Aspects

One of the most acceptable scientific and methodological approaches to work in difficult economic conditions is regular and targeted management of the life cycle of a business organization as an open social and economic system. Any system develops and changes, passing through typical stages or cyclic states of its development. Studying the enterprise from the point of view of the life cycle allows to increase efficiency of financial and economic activity exactly at the specified stage and in due time to develop measures on prevention or weakening of negative and increase of positive results. The analysis of scientific researches has allowed to define the "life cycle of an enterprise" as a quantitatively limited set of stages or states within which the enterprise is during its existence and development. With regard to the functioning of a business organization, the following stages of its life cycle have traditionally been identified: creation, growth, maturity and crisis. Depending on the stage of the life cycle, a business organization should focus on various aspects of its financial and economic activities. Development of a business organization is to ensure the transition from the first and second stages to the third, and the longest possible retention (maturity stage) with timely identification of signs of the fourth stage (crisis) in order to prevent it by retaining the existing positions, returning to the second stage, diversification or transition to a new life cycle. Each stage of development has its key aspects on which management should focus to achieve and maintain positive financial and economic performance. Correspondence of life cycle stages and financial and economic priorities gives grounds for development of the system of financial and economic indicators and formation of limits of their permissible fluctuations within each stage. Based on the values of financial and economic indicators and their dynamics, it is possible, firstly, to contribute to more accurate diagnostics of the life cycle stage of a business organization; secondly, to improve the efficiency of a business organization at each stage by adjusting the values of indicators within the optimal ranges and applying adequate managerial impacts.

Determining the impact of leaseback on the financials of the company

2021 ◽  
Vol 27 (1) ◽  
pp. 189-210
Author(s):  
Nikita A. VAKUTIN ◽  
Elena A. FEDULOVA
Keyword(s):  
Financial Management ◽  
Economic Indicators ◽  
Financial Flows ◽  
Positive Effects ◽  
Financial Position ◽  
Feasibility Evaluation ◽  
Financing Mechanism ◽  
And Performance ◽  
Key Aspects ◽  
The Impact

Subject. Being a progressive investment mechanism, leaseback is a part of financial management. It is supposed to optimize the financial position of the entity. The article discusses financial and economic indicators (ratios) that help analyze how the financial position of the company changes due to the leaseback scheme. Objectives. We herein determine how leaseback influences the financial position of the entity. For this, we describe key financial and economic indicators (ratios) by evaluating the feasibility of investment in leaseback. The study is also intended to observe how financial flows change due to the leaseback mechanism. We also examine changes in financial and economic ratios of the financial position due to leaseback mechanism. Methods. We resort to general methods of research, such as comparative analysis, synthesis, induction and deduction, thus deriving reliable and reasonable results. Results. We found out that the leaseback feasibility evaluation technique is indispensable without observing changes in financial flows and financial and economic indicators (ratios) that show the financial position and performance of a business. The article indicators key aspects to evaluate the financial feasibility of investment in leaseback, describe how it changes due to the leaseback mechanism. We also produce model assessments, referring to the leaseback deal of a certain company operating in coal mining, thus revealing the positive effect of leaseback on the financial position of the company. Conclusions and Relevance. The construction and use of the leaseback feasibility study technique justifies the choice of leaseback as an investment mechanism, which has positive effects on the financial position. Having assessed financial and economic indicators (ratios), we revealed the efficiency and feasibility of leaseback for a company that needs to replenish its working capital. The findings can be used to make reasonable investment decisions, when pondering on an appropriate corporate financing mechanism.

scholarly journals The Place and Role of the Service Sector in Achieving Strategic National Goals A. Voloskov

2020 ◽  
Vol 20 (4) ◽  
pp. 78-98
Author(s):  
Aleksey B. Voloskov
Keyword(s):  
Economic Development ◽  
Quantitative Assessment ◽  
Service Sector ◽  
Value Added ◽  
Input Output ◽  
Economic Activities ◽  
Goods And Services ◽  
Current State ◽  
The Impact

The article proposes to characterize the place and role of the service sector in the implementation of national goals of economic development for the period up to 2030, a method for determining a quantitative assessment of indicators of development of the service sector, based on the use of model tools based on the apparatus of the input-output table system. The current state of the service sector in the country is briefly described. The service sector in the article is understood as a set of types of services presented in the table of the use of goods and services in basic prices from the system of input-output tables for 2017. The article shows the place of certain types of services in the implementation of indicators of national goals of economic development. For experimental calculations based on the initial table of the use of goods and services at basic prices from the system of input-output tables for 2017, a worksheet was constructed in which some types of economic activities and products were aggregated into conditional sectors of the economy, and from some types were singled out some, directly involved in the implementation of national goals. Calculations according to the worksheet allowed us to quantify the impact of growth in the volume of services on the value of gross value added and the hypothetical values of investment resources required to achieve indicators of national goals.

The impact of economic crisis on mental and physical health in Italy

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri
Keyword(s):  
Mental Health ◽  
Physical Health ◽  
Economic Crisis ◽  
Social Determinants ◽  
Great Recession ◽  
Economic Recession ◽  
Behavioural Disorders ◽  
Economic Activities ◽  
The Impact ◽  
Mental And Physical Health

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.

TRANSFER FİYATLAMA UYGULAMASININ İŞLETME PERFORMANSINA ETKİSİ VE VERGİSEL AÇIDAN DEĞERLENDİRİLMESİ

2014 ◽  
Vol 1 (2) ◽  
pp. 187
Author(s):  
Serdar KUZU
Keyword(s):  
Business Performance ◽  
Transfer Pricing ◽  
Tax Law ◽  
Economic Activities ◽  
Tax System ◽  
Goods And Services ◽  
Tax Legislation ◽  
International Transactions ◽  
The Cost ◽  
The Impact

The size of international trade continues to extend rapidly from day to day as a result of the globalization process. This situation causes an increase in the economic activities of businesses in the trading area. One of the main objectives of the cost system applied in businesses is to be able to monitor the competitors and the changes that can be occured as a result of the developments in the sector. Thus, making cost accounting that is proper according to IAS / IFRS and tax legislation has become one of the strategic targets of the companies in most countries. In this respect, businesses should form their cost and pricing systems according to new regulations. Transfer pricing practice is usefull in setting the most proper price for goods that are subject to the transaction, in evaluating the performance of the responsibility centers of business, and in determining if the inter-departmental pricing system is consistent with targets of the business. The taxing powers of different countries and also the taxing powers of different institutions in a country did not overlap. Because of this reason, bringing new regulations to the tax system has become essential. The transfer pricing practice that has been incorporated into the Turkish Tax System is one of the these regulations. The transfer pricing practice which includes national and international transactions has been included in the Corporate Tax Law and Income Tax Law. The aim of this study is to analyse the impact of goods and services transfer that will occur between departments of businesses on the responsibility center and business performance, and also the impact of transfer pricing practice on the business performance on the basis of tax-related matters. As a result of the study, it can be said that transfer pricing practice has an impact on business performance in terms of both price and tax-related matters.

Particularities of the independent auditor's report on reliability of accounting (financial) statements for 2019: COVID-19 as qualitatively essential information (Part 2)

2020 ◽  
Vol 23 (7) ◽  
pp. 777-799
Author(s):  
O.I. Shvyreva ◽  
Z.I. Kruglyak ◽  
A.V. Petukh
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Economic Situation ◽  
Risk Disclosure ◽  
Essential Information ◽  
Logical Method ◽  
Annual Reporting ◽  
The Face ◽  
Key Aspects ◽  
The Impact

Subject. This article discusses the issues related to the practice of financial reporting in the face of uncertainties caused by the coronavirus contagion, as well as the specifics of the audit strategy and formation of an audit opinion on this reporting. Objectives. The article aims to identify the quality characteristics of financial reporting prepared in the context of the COVID-19 pandemic and justify the key aspects of assurance engagement completion in an extremely uncertain epidemiological and economic situation. Methods. For the study, we used an abstract-logical method, content analysis techniques, systematization, and classification. Results. Analyzing the impact of the extremely uncertain epidemiological and economic situation on financial statements, the article clarifies aspects of disclosure of events after the reporting date and threats to business continuity in the annual reporting of economic entities. The article identifies possible alternative procedures and algorithms to obtain proper evidence when it is insufficient in the face of the inability to meet certain audit standards requirements in a remote audit environment. The article defines the impact of COVID-19 risk disclosure on the structure of the audit report and opinion. Relevance. The results of the study can be used in the practical activities of economic entities that prepare financial statements in the face of significant uncertainty, as well as auditors and audit organizations.

The specifics of shadow economic activity in Russia

2020 ◽  
Vol 19 (10) ◽  
pp. 1896-1915
Author(s):  
E.R. Ermakova ◽  
O.M. Lizina
Keyword(s):  
Economic Activity ◽  
Shadow Economy ◽  
Integrated Approach ◽  
Economic Activities ◽  
Reproductive Process ◽  
Scientific Methods ◽  
Current Period ◽  
Russian Economy ◽  
Analysis And Synthesis ◽  
The Impact

Subject. The article addresses the specifics of shadow economic activities in reformed Russia in the context of systemic transformations. Objectives. We focus on determining the role of shadow economy in the reproductive process, identifying and understanding the specifics of underground economic activity of the Russian economy. Methods. The study rests on general scientific methods (scientific abstraction, unity of historical and logical, analysis and synthesis, induction and deduction, comparison and analogy) and special methods of cognition (monetary methods). We employ the systems and integrated approach. The official statistics, regulations, works of leading researchers on shadow economy expansion, resources of reference and legal systems like Garant and ConsultantPlus serve as the study's information base. Results. We present a retrospective rapid analysis of the extent of shadow economic activity in the domestic economy, establishing the relationships with the processes that take place at different stages of the country's development. We also reveal the specifics of shadow economy relations in Russia, factors that play a key role in expansion for a particular period, a shift to another form of shadow economy. The study characterizes the current period of development, assesses the impact of external shocks on shadow economy expansion. Conclusions. The current period is characterized by the digitization of shadow relations, the shift of corruption to the upper echelons of power, the continued outflow of capital abroad, and increased penalties for underground activities.

Analyzing the production and economic indicators of Russia's largest iron and steel works

2020 ◽  
Vol 19 (8) ◽  
pp. 1531-1550
Author(s):  
N.N. Yashalova ◽  
I.L. Ryabkov
Keyword(s):  
Russian Federation ◽  
System Analysis ◽  
Foreign Market ◽  
Domestic Market ◽  
Economic Indicators ◽  
Added Value ◽  
Current Status ◽  
Economic Activities ◽  
Iron And Steel ◽  
The Russian Federation

Subject. We investigate trends in the development of the largest steel companies in the Russian Federation. Objectives. The aim of the study is to conduct an industry-wide analysis of the production and economic activities of the largest domestic enterprises operating in the iron and steel industry. Methods. The study employs methods of comparative and system analysis, graphical and statistical methods for data processing. Results. We present the analysis of main production and economic indicators of the leading steel producers of the Russian Federation, i.e. NLMK, Severstal, MMK, and EVRAZ. The paper reveals their current status and key development trends. Conclusions. The largest Russian steel companies face serious challenges in both the domestic and foreign market. Competitive interactions in the domestic market as to the sale price of rolled metal and the share of presence are particularly sensitive. The threat of reduced supplies to export markets is also significant for Russian steel producers. It may entail insufficient utilization of capacities and potential loss of added value. The companies mainly export semi–finished goods and hot-rolled flat products, i.e. low-added value products. Products with high added value are usually delivered to the domestic market.

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