{"title":"DETERMINANT FACTORS INFLUENCE BANK RISK-TAKING: EVIDENCE FROM COMMERCIAL BANK OF GEORGIA","authors":"M. Mercan","doi":"10.35945//gb.2021.11.007","DOIUrl":"https://doi.org/10.35945//gb.2021.11.007","url":null,"abstract":"This article investigates the link between commercial bank risk-taking and various factors. I use a panel data model to look at bank-specific and macroeconomic factors in order to evaluate bank risk-taking using sample evidence from Georgian commercial banks. The time span chosen, 2006-2014, considers the impact of the country’s persistent financial and economic difficulties. I look at capitalization, efficiency, capital structure, size, profitability, non-deposit financing, economic growth, revenue diversification, industry concentration, interest rates, inflation, and as variables that influence bank risk.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116234053","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":"ON THE USAGE OF OLD AND MODERN TECHNOLOGIES FOR ECONOMIC SUSTAINABILITY","authors":"M. Jibuti","doi":"10.35945/gb.2021.11.013","DOIUrl":"https://doi.org/10.35945/gb.2021.11.013","url":null,"abstract":"Research covers the study of old technologies and approaches towards sustainable building, plant/tree medicines and non-timber forest products, ways of maintaining water purity and harvesting rainwater, urban farming and energy efficient lifestyle. Implementing these techniques into the framework of our society, will cause an economic awakening. A shifting to new realizations that the current stream contains much waste and unproductivity, which can change by harmonizing old and new technologies. Knowing how to apply these in modern life, is essential for the ecological economic growth of the future. It is a way of thinking, within all sectors, to enhance not only peoples’ daily lives and atmosphere, but the self-reliance and health of the nation itself. The study highlights the importance of the art of building with stone for sustainable housing and tourism development; while the usage of trees and herbs provides not only healing benefits but also business opportunities. The health of the country is as good as the purity of its water, in so many places there is little or no water, when the rain water provides an abundance of this vital source, but only when it can be collected and stored by proper facilities. Urban farming connects the new generation back to nature and gives knowledge of food production within industrialized society. With the mentioned tools, we can set an ever-increasing long-term goal to sustainable economic growth. This work was supported by Shota Rustaveli National Science Foundation (SRNSF) (PHDF-18-627, Spatial-Territorial Planning and Economic Development Opportunities of Regions).","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122163429","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":"COVID-19 PANDEMIC AND THE READINESS OF THE EMPLOYERS IN GEORGIA","authors":"S. Imnaishvili, N. Kavtaradze","doi":"10.35945/gb.2021.11.012","DOIUrl":"https://doi.org/10.35945/gb.2021.11.012","url":null,"abstract":"The Covid-19 pandemic has posed a major challenge to the entire world. Even for the countries with big economics this challenge turned out to be hard to overcome. The “paused” world tried to fight against the most inexplicable economic crisis with the use of digital technologies. The era of digital technology development is a period of limitless possibilities for modern managers. Managing a company easily and efficiently is already unthinkable without information technology and digital platforms maintaining competitiveness in the market, relieving employees from routine tasks, optimizing processes, taking care of development - these are the minimum requirements, that are difficult to achieve in modern conditions without technological progress. The issue of information security and integration of modern technologies, in the management process, during the COVID-19 pandemic, became even more urgent and vital for some organizations, as many of them had to work remotely for quite a long time during the entire period. Every good project manager knows that one of the main tools for effectively developing a team and completing a project with the best results is fast and quality communication. To ensure this, companies use platforms where employees can centrally and transparently communicate with each other and monitor the progress of the work process. In the conditions of switching to remote work mode, it has become a daily necessity to hold meetings, trainings, conferences and lectures or lessons online, therefore, it is important to select programs tailored to the specifics of our activity, which are specially designed for this purpose. In this case, Georgia turned out to be quite ready, too. Within just couple of days the country managed to organize the transition of the state as well as private sector to the remote working mode, and got the 2nd place among the top 50 countries, where remote working is the most convenient and comfortable","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134162675","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":"PROSPECTS FOR THE DEVELOPMENT OF THE TOURIST BUSINESS OF THE KHERSON REGION DURING THE COVID-19 PANDEMIC","authors":"Victoria Hranovska, Liudmyla Aleshchenko","doi":"10.35945/gb.2021.11.021","DOIUrl":"https://doi.org/10.35945/gb.2021.11.021","url":null,"abstract":"Identifies the strategic priorities for the development of tourism in the Kherson region and develops proposals for the realization of the tourist potential of the region during the pandemic in the article. It is established that the development of domestic tourism in the Kherson region during the pandemic requires a number of tasks: ensuring the accessibility of tourist facilities. The goal will be achieved with the introduction of a multilingual marking and navigation system in the Kherson region; organizing and creating route maps for landmarks of history and culture of the region; marking and marking the routes of the hospitality and tourism industry; improving conditions and providing tourist routes with infrastructure for tourists to visit. The advantages of Kherson region as a territory for active development of the hospitality and tourism industry in the era of the pandemic are highlighted. It is determined that for the active and successful development of the tourism business of the region during the pandemic COVID-19 it is necessary to coordinate and coordinate the implementation of measures by the authorities and economic agents: to improve the quality of tourism services; create conditions for the promotion of the tourist product; extend the tourist season; to promote the development of entrepreneurship, including in rural areas; create conditions for the development of domestic tourism; support for craft production.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122050928","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":"ANALYSIS OF THE CAPITAL STRUCTURE FORMATION: THE CASE OF GEORGIAN IT COMPANIES","authors":"Grigoriy Gurbanov","doi":"10.35945/gb.2021.11.023","DOIUrl":"https://doi.org/10.35945/gb.2021.11.023","url":null,"abstract":"Any country’s economy benefits significantly from the sector of information technologies. As the data demonstrate, the global information technology market has not only remained stable, but is expected to expand in 2021 due to changes in social life, employment, and education caused by the global COVID-19 virus pandemic. While information technology is vital to any country’s advancement, its growth in developing countries is being hindered by lack of skilled labour force, underdeveloped market infrastructure, insufficient financial mechanisms to stimulate innovative projects, and weak legislative framework. IT companies are characterized by a high degree of risk and uncertainty, a reliance on external sources of financing in the early stages, and an unattractiveness to conservative investors. In this regard, the issue of capital formation for innovative companies in the IT sector to ensure their effective functioning becomes especially important. The purpose of this study is to analyze the formation of financial sources and capital structure of Georgian IT companies based on the analysis of 50 IT companies in Georgia. The analysis is based on the usage of the main financial ratios of companies’ performance, taking into account the specifics of the IT sector companies. The study revealed that the capital structure of Georgian information technology firms is more consistent with the Pecking order theory, with almost no long-term loans and a small share of short-term loans. Equity and retained earnings are the primary sources of funding for IT businesses. This was supported by the legal exemption of corporations from income tax payments in the case of net profit non-distribution.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"29 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125963521","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 MAIN CHALLENGES OF DIGITAL COMMERCE IN THE CONDITIONS OF \"COVID-19\"","authors":"Tamar Makasarashvili, G. Giguashvili","doi":"10.35945/gb.2021.11.020","DOIUrl":"https://doi.org/10.35945/gb.2021.11.020","url":null,"abstract":"The Coronavirus pandemic has posed new challenges to Georgia's economy and business. The use of online technologies in the field of business has gained special urgency. To reduce the negative consequences of the crisis, it became necessary to massively switch to online sales, the introduction of new and modern methods of business processes, which will allow customers to virtually, without leaving home, make sales, transfers, and payments. The companies, which find their niche in the virtual world on time, have more chances of success. Speed, convenience, flexibility, and accessibility are the main advantages of digital commerce and are especially important in pandemic conditions. The main goal of the research is to define the role of digital commerce in the conditions of COVID-19, to identify new opportunities to increase the efficiency of existing platforms, to introduce e-commerce models in the Georgian business space, to increase the efficiency of digital commerce platforms and to solve related problems.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122219461","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":"HUMAN RESOURCE AND PECULIARITIES OF INCOME DISTRIBUTION","authors":"R. Otinashvili","doi":"10.35945/gb.2021.11.014","DOIUrl":"https://doi.org/10.35945/gb.2021.11.014","url":null,"abstract":"The country's leading factor in human development that is a human resource. It is the creator of everything and it is necessary to create a law and protect human resource. People need to implement, pursue the economic policy and ensure business efficiency. That functions, to prevent crime and to restore order. Man builds the country, but to build well, knowledge is needed and knowledge needs education. Humans capital is a body of knowledge and includes philosophical, social, economic and psychological aspects. This term dates from the eighty-seventh year of the twentieth century to its end. It is founder is Nobel Prize Laureate G. Becker. Human capital consists of: educational, professional-quality , information-cultural and social connections. Among them, the capital of the Social Union dominates in the conditions of Georgia. According to the GAERO, Georgia ranks 61st out of 189 countries in the Human Development Index. Human resources determine a person’s income. It is important to note that human capital is one of the main causes of income inequality. We differ from each other in terms of data and capabilities. It’s important that state should have a fair social-economic environment, which gives all possible conditions to citizens for the realization of opportunity","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132211819","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":"TOWARD THE INTRODUCTION OF TOURISM SATELLITE ACCOUNT–CASE STUDY GEORGIA","authors":"Giorgi Bregadze","doi":"10.35945//gb.2021.11.018","DOIUrl":"https://doi.org/10.35945//gb.2021.11.018","url":null,"abstract":"The paper stresses the importance of the introduction of the Tourism Satellite Account (TSA) in Georgia, describes the development stages of the system of tourism statistics for this purpose and identifies the recent weaknesses of the system. Furthermore, based on the recently created experimental TSA tables 1-4, the paper identifies the most affected tourism sectors by COVID-19 and estimates one of the main indicators of TSA - tourism direct gross domestic product in 2019 to equal 5,431 MM Gel with a share in GDP of 12.6%.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124081242","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":"TARIFFS IN ENERGY: CURRENT FACTORS AND THE CONCEPT OF CHANGE","authors":"Demur Chomakhidze","doi":"10.35945/gb.2021.11.011","DOIUrl":"https://doi.org/10.35945/gb.2021.11.011","url":null,"abstract":"Factors acting on tariffs are characterized including the state of utilization of existing natural energy resources, the structure of electricity generation, energy efficiency, energy balance, the role of society in energy development and globalization. It has been concluded that in Georgia, as well as in the world, there is a tendency to increase tariffs. This is due to the need for increased and continuous investment in the extraction (production) of increasing amounts of energy resources, the t ightening of environmental requirements, and so on. According to the author, in order to improve the technical and economic indicators in the field and reduce tariffs, it is necessary to introduce scientific-technological and managerial progress at a higher rate compared to the existing challenges","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124508639","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":"DEVELOPMENT OF AGRO-TOURISM IN GURIA REGION AND POTENTIAL FOR ITS USE","authors":"Salome Sulaberidze, Murman Tsetskhladze","doi":"10.35945/gb.2021.11.019","DOIUrl":"https://doi.org/10.35945/gb.2021.11.019","url":null,"abstract":"The paper analyzes the possibilities of making full use of the agro-tourism potential in the Guria region on the basis of agricultural development, engaging tourists in agricultural activities and promoting various spectacular events, promoting the colorful or cultural individuality of the region. Recommendations for overcoming the problems in the development of agro-tourism in the region are proposed.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123731019","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}