Scientific Notes of Ostroh Academy National University, "Economics" Series最新文献

{"title":"FINANCIAL MECHANISM OF ENTERPRISE MANAGEMENT ACTIVITIES AND ITS ROLE IN THE ORGANIZATION OF FINANCIAL POLICY","authors":"Iryna Chunitska, O. Pozdnyakova","doi":"10.25264/2311-5149-2022-27(55)-81-87","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-27(55)-81-87","url":null,"abstract":"The article deals with theoretical aspects of the financial mechanism of enterprise's activities managing and its role in the organization of financial policy. The elements of the financial mechanism of the enterprise's activities managing are considered. In current conditions of the full-scale russian invasion, the role of the financial management mechanism of the enterprise is becoming particularly relevant and satnds among the main tasks of the modern development of Ukrainian enterprises. The components of the enterprise's financial mechanism are disclosed. The financial mechanism is an integral part of the economic mechanism and represents a set of incentive mechanisms, levers, means, forms and methods of regulating economic processes and relations. The structure of the enterprise's financial mechanism includes five interrelated parts: financial methods; financial leverage; legal support; regulatory support; informational support. The financial mechanism is the most important part of the financial policy, that is, a system of financial levers that ensure organization, planning and stimulation of enterprise's financial resources use. The main goal of the enterprise's financial policy mechanism is to obtain the expected level of profit at the minimum level of financial resources spending and risk minimisation. Ways to improve the financial managing mechanism of the company's activities have been determined.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128211198","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE TOURIST INDUSTRY TRANSFORMATION THROUGH DIGITAL TECHNOLOGIES DURING THE WAR IN UKRAINE","authors":"Olena Chernega","doi":"10.25264/2311-5149-2022-26(54)-43-50","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-43-50","url":null,"abstract":"The article examines the availability and use of digital tools to improve the reputation management of a tourist destination. Today, the tourism industry is undergoing a transformation in terms of changing the service, its implementation and consumption in connection with the integration of the latest technologies and changes in society's perception of the understanding of travel in modern conditions of rapidly changing economic processes. The concept of «digitalization of a tourist destination» was directly proposed by the author and revealed within the article. The process of changes in the tourism industry in the world, and in particular in Ukraine, is considered in detail, using the example of the availability and use of digital products to influence the formation of the reputation management of a tourist destinations. These include virtual tours, augmented reality, artificial intelligence, gamification, etc. It is noted that the latest products for Ukraine are quests with gamification elements, selfie parks, etc. But NFT technology aimed at virtualization deserves special attention during the war. With the help of virtual and augmented reality technologies, the tourism industry becomes interesting, popular and in demand. Having planned a visit to a location, you can review and get even more inspired and visit or recommend a specific destination, museum, park, etc.; you can explore rarely accessible interior elements; to revive historical facts, events, etc. In the course of research, it was determined that the transformation of the tourism industry during the war directly affects the formation and improvement of the reputation of the tourist destination, and accordingly, the formation of the tourist flow and economic income to the destination after the end of the war. The digital transformation of the industry is now giving birth to new ones, many traditional tourist destinations are experiencing their second birth or new meanings and modern approaches to the visualization and realization of the service within the tourist destination.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125847200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ECONOMIC MANAGEMENT SYSTEMS OF ENTERPRISE'S INNOVATIVE DEVELOPMENT","authors":"I. Yashchyshyna, O. Svider","doi":"10.25264/2311-5149-2022-26(54)-58-63","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-58-63","url":null,"abstract":"The article is devoted to the theoretical and methodological foundations of the application of the basic systems of economic management of the enterprise in the management of innovative development. The relevance of the problem lies in the fact that a modern enterprise on the way to success must take a number of circumstances into account, first of all, it must be based on the introduction of innovations, and economic management of the enterprise should be the the basis of management. The main focus of the article is on the analysis of three systems of economic management of the enterprise – the CVP system, the system of balanced indicators and the controlling system. The author identified the main problems solved by each of the systems regarding the innovative development of enterprises, the advantages and disadvantages of their use in the management of scientific research and innovation activities of the enterprise. It was determined that the CVP system enables the construction of a model of planned income from innovative activities and partially solves the biggest problem of innovative development of the enterprise – taking into account innovative risks; the system of balanced indicators coordinates the operational and strategic management of innovative development by building a complex of interrelated specific indicators of their achievement, helps to determine indicators of intangible asset evaluation; the controlling system involves the creation of a new concept of management, which is based on the management's way of thinking, focused on effective economic management and on the basis of the formation and use of information support for analysis, planning, and evaluation of innovative development. In fact, each of the three analyzed systems solves separate problems of improving the management of research and innovation and reflects the need to change the concept of management by innovative development of a modern enterprise. The conducted analysis of the peculiarities of the use of each of the economic management systems in relation to the innovative development of the enterprise will enable the optimization of managerial decision-making in the process of forming and implementing strategic and operational plans of the enterprise.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114251840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ECONOMIC SECURITY ENDOGENOUS FACTORS' ANALYSIS IN THE MODERN MEASURE","authors":"L. Levkovska, O. Dobryanskyy","doi":"10.25264/2311-5149-2022-26(54)-4-8","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-4-8","url":null,"abstract":"The article examines modern features of the economic security factors formation at the micro level. The specifics of the division of factors affecting the economic security of economic entities into internal and external ones have been determined, and the specifics and nature of internal threats to economic security have also been clarified The importance of the influence of internal factors of the economic security of enterprises on the effectiveness of their functioning and the success of the market struggle is determined. The criteria for the division of economic security factors according to their individual directions have been determined, and the importance of comprehensive consideration of the influence of all factors in connection with the cumulative effect of their action has been proven. The modern specificity of the transformation of economic security factors of business entities is determined, which is connected with the general changes taking place in the global economic system under the influence of the intensive introduction of modern digital and information technologies into the practice of enterprises. The classification of potential dangers and threats to the economic security of economic entities, which are defined as endogenous factors, is considered and their essential characteristics are determined. It is proven that depending on the field of activity and the market situation, the influence of various factors on the economic security of the enterprise is determined in different ways, since in such conditions the level of influence on security has an individual character for each individual enterprise. It has been proven that threats to the economic security of economic entities change depending on the type of their activity. Therefore, each enterprise will have its own system of threats specific to this enterprise. In this regard, it has been proven that the main task of company managers, based on the specific situation in which the economic entity will find itself, is to identify the most dangerous threats and develop an effective system of measures aimed at their timely detection, prevention or mitigation.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130549994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FINANCIAL SECTOR OF UKRAINE: FUNCTIONING IN THE CONDITIONS OF WAR","authors":"N. Moroz, Ye.D. Moroz","doi":"10.25264/2311-5149-2022-26(54)-95-100","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-95-100","url":null,"abstract":"The article examines the trends in the functioning of the financial sector of Ukraine in wartime conditions. A full-scale war has led to a deep crisis, the consequences of which will be long-lasting and significant for the financial sector. The activity of banking institutions maintains continuity, liquidity and continues lending, although it has become unprofitable. A major role in this was played by the National Bank of Ukraine, which has been reforming the banking system since 2015, and made a timely response to changing circumstances. Non-bank financial institutions turned out to be significantly more vulnerable to operational risk and a significant number of them were forced to cease their activities. The NBU introduced regulatory relaxations to facilitate the operation of banks and non-bank financial institutions under martial law. The regulator has taken the necessary measures to support the financial sector, then each market participant must ensure the support and recovery of their activities. Further recommendations regarding the support of the financial sector by the state (increasing the volume of state concessional lending to businesses; increasing the volume of lending to the government; legislative settlement of issues related to loss, damage to property of borrowers of funds as a result of military operations; legislative settlement of issues regarding the possibility of suspending the activities of credit unions that have financial problems for the period of martial law), by the regulator (strengthening financial monitoring of financial market participants; prompt and flexible response to changes in market conditions) and financial institutions (improvement of credit risk assessment approaches to make them commensurate with the depth of the current crisis; adaptation of business models to current operating conditions; improvement of cyber protection systems; timely preparation and submission of reports to the NBU, informing the regulator about the risks of violating the requirements for financial indicators) are outlined.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"196 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121069620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ESTIMATION OF SME CREDIT RISKS BY DATA MINING METHODS","authors":"A. Matviychuk, Olha Artiukh","doi":"10.25264/2311-5149-2022-26(54)-114-120","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-114-120","url":null,"abstract":"The article is devoted to solving the scientific and practical problem of modeling credit risks of borrowers of commercial banks – small and medium enterprises (SME). SME lending in Ukraine is characterized by high risk but the need for lending is increasing and essential, which is due to the socio-economic importance of SMEs. That is why there is a need to use methods and models of intelligent data analysis. Using data mining methods, that are perceptron-type neural networks, logistic regressions and decision trees, researched and analyzed in this paper. The database of bank borrowers was used for the research. In particular, 21 financial and economic indicators of enterprise activity were used for modeling. The article carries out a comparative effectiveness analysis of these tools in solving stated problem. During the research, the general population of data was randomly divided into a general and a test sample, and each of them kept the proportion of default units. The experimental calculations demonstrated the greatest suitability for assessing the risks of lending of enterprises the AI methods, namely neural nets of perceptron type. To compare the results of the models, the following values were used: common accuracy, AUC, GINI, specificity, sensitivity. The most significant parameters for the models are also indicated. The study results in recommendations for the application of the built scoring model in banking in order to reduce the level of SME credit operations riskiness.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132577702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"MANAGEMENT METHODS FOR THE ENTERPRISES’ FINANCIAL AND ECONOMIC ACTIVITIES IN RURAL AREAS","authors":"S. Davydchuk","doi":"10.25264/2311-5149-2022-26(54)-10-17","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-10-17","url":null,"abstract":"In the modern conditions of transformation of entrepreneurship in rural areas, management of financial and economic activities of enterprises is a dynamic process that requires the use of modern methods and concepts that could increase competitiveness and efficiency of activity, as well as neutralize possible negative consequences of the influence of external environmental factors. The lack of their clear classification makes it difficult to choose the appropriate methods, taking into account the needs and goals of a particular enterprise. Based on the literature review and the implementation of the method of decomposition, the article defines the nature of the term «management methods for the enterprises’ financial and economic activities in rural areas». It also describes the management methods for an enterprise and the financial and economic activities of business entities. Taking into account the methods of comparative assessment, a set of management methods has been created. Business entities located in rural areas of Ukraine can use it to manage their financial and economic activities. The article has focused on the comparative assessment of special methods (change management methods) in the context of their implementation to manage the enterprises’ financial and economic activities in rural areas of the country. It is clarified that the set of concepts presented in the article should be aimed at optimizing business processes and improving the quality of production activities and form separate cycles of improving the mechanism of managing the financial and economic activities of the enterprise, as a result, the improvement process itself becomes permanent.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125307977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"APPLICATION OF THE (R, S) MODEL WHEN PLANNING STOCKS IN AN INDUSTRIAL ENTERPRISE","authors":"A. Kulyk","doi":"10.25264/2311-5149-2022-26(54)-37-42","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-37-42","url":null,"abstract":"One of the current problems in the enterprise management system is the creation and replenishment of stocks, the organization of continuous monitoring and prompt supply of raw materials. Using mathematical models, you can solve the problem of forming the optimal production program of the enterprise, investing in production, as well as to carry out strategic planning of enterprise development. In each case, it is important to build a model that describes the system under study, and on its basis to find the optimal ratio between costs and benefits of the selected level of stocks and determine what size stocks are sufficient. Correct inventory management allows you to maintain the production process and meet the needs of consumers in a timely manner. The purpose of this study is to build a model with a system with fully backordering, which is the optimal value of the stock level and the amount of average quarterly costs, which corresponds to the optimal value. Research methods are based on a probabilistic model of management approach for the enterprise. The method of building a model of inventory management system with periodic inspections was used, which found the average values of the intensity of demand for raw materials, unit costs and the cost of order verification. Depending on the initial values of the parameters, the optimal reserve of the quarterly stock is calculated, which corresponds to the given demand intensity. The study concludes on the value of the optimal level of stocks, as well as the average cost for the period corresponding to the regulatory level of stock.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117218157","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"FORMING OF MUTUALLY BENEFICIAL RELATIONSHIPS BETWEEN CLIENTS AND INSURANCE COMPANIES","authors":"M. Khutorna","doi":"10.25264/2311-5149-2022-26(54)-107-112","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-107-112","url":null,"abstract":"Introduction. In the conditions of rapid digitalization of almost all spheres of social life, insurance companies are trying to rebuild their management to meet the requirements of the modern world. In particular, insurers actively use modern, innovative methods of attracting and retaining customers with the aim of forming an effective system of mutually beneficial relations. Each insurance company uses a variety of approaches to build mutually beneficial relationships with customers, with an emphasis on both initial customer acquisition and retention and maintaining high customer loyalty. The main goal of companies is usually to make a profit, with the only difference that it is not a one-time profit, but a sustainable profit over prolonged period. The purpose. The purpose of the article is to develop approaches to the formation of mutually beneficial relations with clients of insurance companies in order to maintain consumer value and identify the main business processes that ensure the success of the insurance company's operation. Results. The article considers approaches to the management of insurance companies and substantiates the need to integrate market and resource approaches, which allows insurance companies to identify individual customer profiles, attract the necessary resources and transform established business processes in accordance with consumer requests and market requirements. At the same time, the core of this management concept is the value of the client and the relationship with him. The paper presents the main components of insurance company value formation. It has been proven that the construction of mutually beneficial relations with clients is a systematic process of formation, development and maintenance of valuable relationships, or in other words, interactive and mutually beneficial processes between the insurance company and the consumer with a focus on multiple transactions. The main economic arguments in terms of constructing mutually beneficial relations with clients include: easier retention of existing clients than attracting new ones; the ability to obtain higher profits under the condition of maintaining loyal customers due to the formation of potential long-term benefits. It is substantiated that the construction of mutually beneficial relations with customers should be formed according to a systemic approach and presented as the construction of a complete system consisting of market, organizational and financial elements. Conclusions. In order to build mutually beneficial relations between the insurer and the insured, the insurance company should focus its attention on the following key aspects: effective management; optimal pricing; rational underwriting, which should be aimed at assessing those risks that are not amenable to the automatic assessment process; helping agents assess complex and unique risks; analysis of the insurance portfolio from the standpoint of identifying unsatisfactory results and area","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128241401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"MODERN PARADIGM OF STRATEGIC MANAGEMENT MECHANISMS OF THE ENERGY COMPANIES' DEVELOPMENT","authors":"V. Shvedkyi","doi":"10.25264/2311-5149-2022-26(54)-51-57","DOIUrl":"https://doi.org/10.25264/2311-5149-2022-26(54)-51-57","url":null,"abstract":"The article defines the essence of strategic management of the energy company development and reveals its features in the energy sector. It is noted that the mechanisms of strategic management of the development of energy companies, in contrast to the mechanisms of tactical and operational management, include not only interacting elements in the form of management methods, methods and functions, but also strategies, procedures for their adjustment in the process of changes in the organization, defined and set goals , which meet modern challenges and allow to gain competitive advantages. The strategic management mechanisms of the energy companies development include infrastructural support; information provision and security; organizational support; regulatory and legal support; pricing; financial support; strategic development planning; energy saving motivation, etc. Infrastructural support in the energy sector is formed by transport operators and energy distribution systems. Information support is an effective mechanism of the strategic management system of energy companies development, the strengthening of which will allow to substantiate energy-efficient management decisions, contributes to their transparency, efficiency, consistency and timeliness. Organizational support of the energy sector of Ukraine is carried out by authorities that perform the following strategic management functions: development and implementation of strategic development policy and strategic concepts; development management of state-owned energy companies; regulation of the development of energy companies and the energy sector in general; coordination of activities in matters of energy security; organization of efficient production and use of energy resources in communities and regions. The scheme of regulatory and legal support for the development of energy companies of Ukraine in the context of strategic management is given. When considering pricing, the possibility of introducing a tariff based on the regulatory base of assets, or RAB-tariff, is being considered. Investigating financial support in the strategic management system, it is noted that the energy company must have a stable financial position, because the indicator of financial stability is a guarantor of reliability and invested funds return for investors. When considering the optimal financial support of energy companies, attention is drawn to the expediency of organizing a strategic planning system. Among the organizational and economic mechanisms of strategic management of the development of energy companies, the motivation of energy saving is singled out in order to stimulate and support the behavioral activity of employees in the direction of energy saving.","PeriodicalId":254090,"journal":{"name":"Scientific Notes of Ostroh Academy National University, \"Economics\" Series","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121475966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}