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Published By Institute Of Market Problems And Еconomic And Ecological Research Of The Nas Of Ukraine

2616-7107, 2616-7107

2021 ◽  
Vol 5 (4) ◽  
pp. 1-10
Author(s):  
Caleb Lugar ◽  
Rajko Novićević

Introduction. Employee creativity is an essential element that is required for the dynamic work environments. Companies able to foster employee creativity through knowledge based human resource management practices enhance their competitive advantage over companies who stifle employee creativity. The conceptual model in this paper aims to demonstrate that knowledge sharing and knowledge hiding mediate the relationship between knowledge based human resource management practices and employee creativity. The implementation of knowledge based human resource management practices can lead to increased knowledge sharing and decreased knowledge hiding both of which will result in increased employee creativity. Aim and tasks. The aim of this paper is to build on social exchange theory as the foundational theory for understanding how knowledge based human resource management practices impact employee creativity through the mediators of knowledge sharing and knowledge hiding.  Results. In previous research have studied the relationship between knowledge behaviors and employee creativity while accounting for motivational climate, transformational leadership, goal orientation, and various human resource management practices. Many of these factors have traditionally been exogenous variables to the individual employees working in organizations.  While social exchange theory implies a dyadic exchange, it would be relevant to examine the endogenous variants within employees that might contribute to differential reactions to reciprocation.  It is substantiated that individuals that have different exchange ideologies react differently to organizational support. The first section includes a literature review of the constructs - knowledge based human resource management, knowledge sharing, knowledge hiding, and employee creativity.  The second section provides a model focusing on the impact social exchange theory has on the constructs, including theory-based propositions.  In reviewing this model, the paper makes theoretical contributions to the constructs and social exchange theory.  The final section provides direction for future research and discussion.  Conclusions. Creativity is the fuel for the 21st century’s competitive organizations.  Researchers and practitioners alike rely on creativity to solve problems and improve products and services around the globe.  It is important to deeply understand the antecedents necessary for creativity so that organizations employ systems and process that are conducive for creative production.  From the theoretical foundations laid out in this paper, knowledge based human resource management practices will increase employee creativity through increased knowledge sharing and decreased knowledge hiding.


2021 ◽  
Vol 5 (4) ◽  
pp. 29-38
Author(s):  
Eter Kharaishvili ◽  
Mirza Suknishvili

Introduction. The article substantiates the importance of agribusiness development in solving the problem of food security and food security of the population. Economic indicators of agribusiness development in Georgia and Adjara region are analized, the role of determining agribusiness development trends and perspective directions in strengthening the rural community, especially in terms of rural community involvement in business is assessed. Therefore, in order to overcome the problem of agribusiness development, it is of special importance to study the development trends of agribusiness, to identify the current challenges in this field and to develop perspective directions of development. Aim and tasks. The aim of the research is to identify modern challenges based on the study of agribusiness development trends and to make recommendations on promising development directions. Results. The paper analyzes the views of researchers on alternative models of development in the field of agribusiness, focusing on the components of the agribusiness sector as a model. The article presents the conclusions and develops recommendations on overcoming the factors hindering the development of agribusiness and ways of future development. The development of the cooperation process is also important for the growth of scale and its place in international markets. Quantitative research has shown that 86% of farmers are not united in cooperatives. Even those who are united from year to year with less turnover of financial and material resources are recorded in the respective organizations, indicating their less life skills. Conclusions. Quantitative and qualitative research on the example of Adjara region (Georgia) has been conducted to identify the trends and characteristics of agribusiness development and to determine future directions. A questionnaire has been developed for the quantitative research and beneficiaries have been selected from the database of employees in the field of agribusiness, while for the qualitative research a group of experts has been identified and focus groups have been formed from these groups to clarify some problems. Quantitative research has identified the current challenges of agribusiness development, while qualitative research has identified the specific causes of the problems and the characteristics that will determine the future priorities of agribusiness development in the Adjara region.


2021 ◽  
Vol 5 (4) ◽  
pp. 39-47
Author(s):  
Dariusz Nowak ◽  
Leonid Dolinskyi ◽  
Kristina Filipishyna

Introduction. Digital transformations that have occurred in socio-economic development of entire society have been proven, so that direct consumers of digital products and services are population gaining access to the Internet, certain applications, programs and databases that help to improve the quality of life, make it more comfortable in conditions of turbulent development and quarantine restrictions caused by the COVID-19 pandemic. Development of digital opportunities has emphasized importance of supporting this area from regulatory and legislative framework, in particular its improvement and regulation, which will be reflected in improving population’s well-being and regional development. Aim and tasks. The aim of the article is devoted to consideration of theoretical and practical foundations of ongoing changes in the economy of territorial economic systems under the influence of rapid spread of innovative technologies, in particular digital transformations and digital challenges, their impact on regional development. Results. In the given article we have considered approaches and individual directions concerning certain changes in socio-economic direction of society’s development under the influence of digital transformations. The factors and indicators influencing region’s level of assessment of digital capabilities are indicated. A possible scenario for transformation of digital economy is given, taking into account forms of involvement in digitalization process contributing to the development of digital network and business, formation of new approaches to sustainable strategic development of the regional economy. The role of investment component in promoting and developing digital opportunities, which are reflected in population’s social well-being, has been proven. It has been established that the digital development of society is formed under the influence of the relationship between government and business, the use of the latest information technologies. Conclusions. The widespread dissemination and implementation of digital opportunities is the key to sustainable development of the region, which affects the improvement of business, interaction with the authorities and the growth of the population's well-being. Expanding access to the Internet, levelling user opportunities will accelerate implementation of digital economy and achievement of positive socio-economic changes. It is digitalization of the economy and society that is the main tool for development. A systematic approach to the usage of digital technologies will act as a stimulating factor in the development of society and economy at different levels: national, regional (territorial) and local. In addition, the systematic usage of digital technologies has an impact on raising the level and improving population’s living conditions.


2021 ◽  
Vol 5 (4) ◽  
pp. 19-28
Author(s):  
Fadil Mušinović

Introduction. During the Covid-19 pandemic, a crisis unmatched that will have significant negative consequences and encompass the social, economic and environmental environment and its consequences affect organizations in both the private and public sectors. The Covid-19 pandemic has a significant impact on the population and their lives, and therefore on their organizational effectiveness in overcoming the crisis. The crisis has caused a number of uncertainties and confusion related to workers' risks and the adoption of measures to overcome them. In the face of uncertainty, it is even more difficult to manage organizations that do not have properly developed, recognizable and competent crisis management and communication. Aim and tasks. The purpose of the study was to highlight the pandemic-induced problems and to contribute to the adoption of measures related to the functioning of the organizations. Additionally, the aim was also to establish the connection between the introduction of new forms of work and the shortage of the staff. Main goal of this research was to analyse functioning of the crisis management in selected organizations during the Covid-19 pandemic. Results. The results of the study conducted via an online questionnaire showed that crisis management and communication are adequately adopted in the organizations in question, but shortcomings were nevertheless disclosed. They are a consequence of the specificity of the crisis and the lack of knowledge of how to operate under such conditions. Participants of the survey estimated that the pandemic raised thus far investigated issues and that crisis management and communication in the organization was better trained to operate and take crisis measures in cases other than the epidemic. Conclusions. The article proposes an analysis of the entire operation of management during the pandemic, a review of all organizational acts in the field of crisis management, their modernization, and additional training and education in crisis management by exchanging practices of other organizations. However, the state, as the holder of measures during the pandemic, must adopt appropriate legal acts, which will be the base for organizations in the economy and the public sector to take appropriate measures. Organizational management during the pandemic must be flexible, innovative and focused on a healthy work environment.


2021 ◽  
Vol 5 (4) ◽  
pp. 11-18
Author(s):  
Annija Harmsone

Introduction. The article explores several factors of corporate social responsibility (CSR) influencing various aspects of a company, including profitability, efficiency and employee attitude and wellbeing, further focusing on employee CSR awareness.  Approximately Aim and tasks. The aim of the article is to determine how companies CSR efforts are affecting the company results and employee awareness, with discussion of latest available researches from 2020 and to date, including an analysis of employee awareness in a selected company in Latvia during 2020. A quantitative method is used in this study, using a questionnaire for analysis of Atea Global Services Ltd employee CSR awareness, conducted by the companies CSR Ambassadors team. Data was collected from the internal survey conducted among employees of the Atea Group company in Latvia, with the total of 108 company employed participants out of 465 existing employees. The main tasks of the article are 1) to indicate and discuss possible outcomes of companies CSR efforts and employee awareness based on existing recent researches; 2) to understand whether employees were aware of the existing “CSR Ambassadors” initiative in Atea Global Services Ltd. (AGS) based on the conducted survey; 3) to determine the employee level of knowledge of the general CSR concept and company’s CSR initiatives based on their self-evaluation. Results. The article provides several theoretical aspects of CSR effort outcomes, including increased profitability, customer satisfaction, employee retention and an overall positive company image. Findings show that the employees of Atea Global Services are largely aware of the CSR Ambassadors initiative, but show a lack of understanding of the performed activities due to moderate level of internal communication on the subject. Conclusions. The theoretical research indicate several positive aspects for companies to support their CSR efforts as well as some possible implications. Theoretical research results may be applied to understand CSR efforts in various industries, however, the practical example of employee awareness research is limited to a single company in the information technology industry and requires further research for wider application.


2021 ◽  
Vol 5 (3) ◽  
pp. 1-9
Author(s):  
Olha Rudenok ◽  
Oleksandra Laktionova ◽  
Vasyl Orlov

Introduction. The ownership structure affects the stock market liquidity. In turn, stock markets are a key lever to ensure the efficient functioning and development of the country's economy as a whole. Recently, the widespread use of securities market instruments has become of paramount importance due to the limited opportunities for self-financing of enterprises and the shortage of external sources of financing. The performance of the stock market of its functions is largely determined by its characteristics, the implementation of which leads to positive structural changes in the economy. Aim and tasks. The main purpose of the article is to determine the correlation between the ownership concentration of corporations and the level of stock market development in Ukraine and the world. Results. The comprehensive characteristics of financial systems are characterized by the measurement of four categories for one of the key components of the financial sector, namely financial markets. Such categories include the depth of the financial market, the level of use of financial markets among individuals, the efficiency of financial markets in the provision of financial services, and the volatility of financial markets. A general description of the development of financial markets is given, it is determined that developing financial systems tend to be less deep as well as somewhat less efficient, their access and stability are on par with those of developed countries. The article shows the results of correlation-regression analysis between ownership concentration and the above categories, taking into account data from different countries. Conclusions. To determine the depth of financial markets, the article used the capitalization of the stock market as a percentage of GDP. Increasing the level of concentration of ownership leads to a decrease in this indicator. The inverse relationship between ownership concentration and characteristics of access to financial services has been confirmed. To analyze the efficiency of financial markets, this paper uses the ratio of the total value of traded shares to the average value of market capitalization for the analyzed period. The inverse relationship between ownership concentration and characteristics of efficiency has been also confirmed. Stability has a particularly low correlation with the other three characteristics. As a result, the direct relationship between ownership concentration and characteristics of financial markets stability has been confirmed.


2021 ◽  
Vol 5 (3) ◽  
pp. 19-28
Author(s):  
I Wayan Edi Arsawan ◽  
I Wayan Gede Supartha ◽  
Ni Wayan Rustiarini ◽  
Putu Ayu Sita Laksmi

Introduction. The Covid 19 pandemic has challenged SMEs to continue to innovate, develop and maintain sustainability. Various efforts have been made to be able to have performance and competitiveness. Covid-19 provides lessons on how SMEs must be agile and resilient to turbulence, especially the global crisis so that they can carry out risk mapping, take important lessons and build relevant strategies. Aims and Task. This study aims to map the literature on organizational agility and organizational resilience in SMEs by conducting a bibliography analysis on 932 papers published in 2010-2021 in the Scopus bibliography. Result. Based on the results of the network visualization, there are seven main clusters. From the results of the overlay visualization, a supply chain is the most important variable concerning organizational agility and organizational resilience in realizing sustainability. Meanwhile, in the density visualization aspect, variables with a very high probability as future research topics such as supply management, supply chain sustainability, sustainable development goals, human resource management, chain resilience, sustainable supply chain management, agile, urban resilience, visibility, supply chain design, resilient supplier selection, and enterprise architecture. Conclusion. The present study produces a visual trend of organizational agility and resilience in SMEs sector that can be used as a references, guidance and proposed for further researchers in exploring research topics, bridging the gap in the literature, building expertise in related topic, increasing the number of citations, and enhance international networking among authors all around the world. Research regarding organizational agility and resilience could be a strategic and essential because of every organization need to sustain their existance, minimize potential risk both financial and non-financial.


2021 ◽  
Vol 5 (3) ◽  
pp. 39-51
Author(s):  
Yulia Onyshchenko

Introduction. Modern trends in the world economy development cause an objective process of increasing stock market role and stimulate forming of investment bank business model in the domestic financial markets. Aim and tasks. The aim is to determine the role of the stock market infrastructure development in formation of the investment bank business model in Ukraine. It is necessary to perform the following tasks to achieve this goal: to determinate direction of Ukrainian financial market development and to analyze dynamic of the structure of loan and investment bank portfolio in last five years which allow to evaluate forming of the investment bank business model in Ukraine; to estimate the stock market infrastructure development through its participants. Results. The analysis of the loan and investment bank portfolio structure has shown rising of banks’ interest to the operations in the stock market and forming of the investment bank business model in Ukraine. But the structure of the investment portfolio of Ukrainian banks is dominated by domestic government bonds. The main reasons of such investment structure: the low total trading volume in the stock market; the absence of other financial instruments in the stock market; the low level of stock market development through the need to form stock market infrastructure. Studying the stock market infrastructure essence has substantiated the using of institutional approach to identify the level of its development. To the infrastructure participants in the stock market it is carried out organization of trade in financial instruments, clearing institutions, depository system, information, analytical and rating agencies. The infrastructural participants of the stock market in Ukraine has been characterized and analyzed. Conclusions. The Ukrainian stock market infrastructure is actively developing in the direction of creating conditions that brings it as close as possible to European and world standards. Such situation will make foundation of the investment bank business model forming. But conducted research has shown that it is necessary, on the one side, to stimulate the increase in stock trading volume and, on the other side, to make the stock market more accessible not only to investors, but to individuals too. The development of information technologies as an integral part of the stock market infrastructure in Ukraine has been worked out.


2021 ◽  
Vol 5 (3) ◽  
pp. 10-18
Author(s):  
Larysa Cherchyk ◽  
Nina Khumarova

Introduction. The fundamental principles of inclusive development are equality of opportunity, availability of all types of resources, equality and fairness in the distribution of income and benefits. The main message of inclusive recreational nature management is the creation of equal opportunities for the use of natural recreational resources and areas for the well-being and quality of life of people. Realization of priorities of the organization of recreational activity is not possible without the developed institutional maintenance. Defining the leading role of state authorities and civil society representatives, which establish a system of laws, rights and responsibilities, "rules of the game" and develop a set of mechanisms for their close institutionalized interaction, it is necessary to form institutions within which public representatives reconcile contradictions and determine common interests. Aim and tasks. The purpose of the study is to study the state and develop directions for the development of institutional support for inclusive tourism and recreational nature. Results. The article examines the state of institutional support for inclusive tourist and recreational nature management in Ukraine. The essence and its content are determined, the documents according to which it is determined are analyzed. The domestic legislative and normative-legal base of regulation of nature use in general and recreational in particular is studied, where separate principles of inclusive development are laid down. At the same time, a significant layer of problems remains unresolved, including the formation of new principles, forms of management to prevent the degradation of natural recreational resources, their diversity and sustainability. The interaction of formal institutions and institutes (legislative and normative base, system of state regulation, bodies of state administration and local self-government, public organizations, approved norms and norms of nature use) and informal institutions has to promote inclusive recreational nature use. Conclusions. The study of the state and directions of development of institutional support of inclusive recreational nature management allowed to determine that the implementation of an inclusive approach requires: changing the structure and stereotype of recreational needs of people and restructuring the economy of recreational nature management; reducing economic and social inequality of people to meet their recreational needs and ensuring equal access to valuable natural recreational resources.


2021 ◽  
Vol 5 (3) ◽  
pp. 29-38
Author(s):  
Hamlet Sanikidze

Introduction. The lack of an appropriate methodological basis for creating agricultural cooperative system prevents the process of organizing formation of new agricultural cooperatives, which leads to an objective need to develop the organizational and economic basis for the formation and operation of agricultural cooperatives. In this regard, the research and study of theoretical aspects, analysis of objective conditions for the formation and operation of agricultural cooperatives, development of methodological provisions and practical recommendations to substantiate their organizational and economic mechanism, including matters of management, profit, price, credit, formation and distribution are topical to the issue and most of the components listed above are of great practical importance. Aim and tasks. The aim of the research is to develop scientific, organizational and economic basis for the establishment and operation of agricultural cooperatives in a multistructural economy. The objectives of the research are: identifying the essence of the cooperative, adding several principles to the formation and classification of agricultural cooperatives, determining the conditions and factors necessary for their creation. Results. Theoretical and regulatory aspects of formation and development of agricultural cooperatives were specified taking into account the introduction of new principles for their operation: mandatory creation of indivisible funds for innovative activities, agricultural producers’ interest and expediency for their participation in the associations; and classification of cooperatives in the production and service industries. Conclusions. Based on consideration of the integrated approach to the formation of cooperatives and farmers’ organizations, necessary documentation and calculation of economic efficiency, the methodological provisions developed in the process of the research on the establishment and operation of agricultural cooperatives will allow agricultural producers to approach the formation of necessary cooperatives skillfully, easily determine the absolute and specific tax burden of agricultural cooperatives.


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