Oblik i finansi最新文献

{"title":"Natural Capital Disclosure for Integrated Reporting","authors":"Veronika Hanusych","doi":"10.33146/2307-9878-2023-1(99)-26-30","DOIUrl":"https://doi.org/10.33146/2307-9878-2023-1(99)-26-30","url":null,"abstract":"The concept of integrated reporting assumes that the value of the enterprise and its future development is determined not only by financial but also by human, intellectual, social, and natural capital. Traditional financial indicators are not enough to fully assess the company's investment attractiveness and sustainable development. The article aims to structure financial and non-financial information about natural capital, which can be disclosed in integrated reports to obtain future economic and social effects. Natural capital is the used natural resources and ecosystem services that support people's lives and well-being. Unlike financial capital, which can be measured in monetary units, natural capital does not have a standard unit of measurement. It can include elements such as soil quality, availability of water resources, biodiversity, availability of natural landscapes, and much more. Disclosure of information about natural capital in integrated reporting may include the following elements: assessment of natural resources used by the company; the cost of ecosystem services, namely air and water purification measures, control of soil purity, storage of water resources, flood control; assessment of the impact of the company's activities on the environment; minimization of the impact on the environment through the use of advanced technologies in the energy sector and resource-saving technologies; environmental risks and threats. An environmentally-oriented approach in the company's development strategy will have an ecological, social, and economic effect since resource-saving and energy-saving technologies significantly reduce the costs of activities and the cost of products. Companies demonstrating their commitment to sustainable development receive more opportunities to attract investment and participate in government programs and projects.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"65 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75088708","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":"Accounting Professional Associations in Ukraine and Europe","authors":"Yevheniia Popko, Yuliia Shenderivska","doi":"10.33146/2307-9878-2023-2(100)-38-46","DOIUrl":"https://doi.org/10.33146/2307-9878-2023-2(100)-38-46","url":null,"abstract":"Today, the professional movement of accountants in Ukraine is characterized by a low influence on the profession's development and therefore needs improvement. The article aims to compare the activities of European and Ukrainian public organizations of accountants according to key characteristics to highlight the weaknesses of the Ukrainian accounting movement. The comparison method made it possible to compare the experience of 55 European public organizations and 6 Ukrainian ones, which, in combination with the methods of analysis and synthesis, led to the identification of nine key indicators of the effectiveness of public associations and the clarification of the weaknesses of the Ukrainian public movement of accountants. The application of the mathematical method made it possible to reveal the financial burden on members of organizations and establish a connection between it and the practical tools used by professional associations to achieve their goals. The values of European public organizations, the benefits of training contract participants, the requirements of foreign associations for professional certification and the weaknesses of the domestic accounting movement are illustrated with the help of a graphic method. The researchers found that the weaknesses of the accounting movement in Ukraine are: weak positioning, a limited list of practical tools, minimal influence on the regulation of the profession, simplified requirements for certification, insufficient budget for the implementation of the goal, insignificant promotion of successful employment of members, insufficient maturity of civil society, partial implementation of the International standards of education. The results of the study make it possible to form a holistic vision of further actions of representatives of the authorities, public organizations and their members to strengthen the status of the accountant as a guarantor of the economic security of the country, as well as the involvement of the accounting community in solving socially significant issues in the country.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88832084","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":"Conceptual Principles of Staffing Internal Audit Units in State Authorities","authors":"Tatiana Mishchenko","doi":"10.33146/2307-9878-2023-2(100)-131-139","DOIUrl":"https://doi.org/10.33146/2307-9878-2023-2(100)-131-139","url":null,"abstract":"The hostilities and martial law in Ukraine significantly affected the activities of the internal audit units of the central executive authorities. The remote work of the employees of the division and the impossibility of direct interaction with the objects of audits limits the functions of internal audit, but at the same time, its importance in the management of public finances is not lost. New challenges require internal auditors to improve the quality of audits, which directly depends on the quantitative and qualitative composition of internal audit units. The purpose of the article is to develop the conceptual basis for improving the quality of staffing of internal audit units in state authorities. The analysis of staffing and organization of internal audit activities in the main managers of budget funds and their subordinate institutions for 2017-2021 indicates a constant decrease in the number of employees and an increase in the percentage of vacant positions of internal auditors. Such a situation is the result of a number of factors, but the most important of them is the lack of highly qualified, motivated personnel who possess professional competence based on relevant education and practical experience for the proper performance of audit tasks. The article proposes a four-level model of training specialists in the “state internal auditor” profession, which ensures the gradual formation of professional competencies and practical experience, starting from the assimilation of basic theoretical knowledge in higher educational institutions to mandatory certification at the workplace. In order to implement the given proposals, it is important to establish at the legislative level requirements for the educational and professional level of applicants for the position of internal auditor, as well as mandatory requirements for improving their qualifications after enrollment in this position. A study of the currently existing legislative and normative documents on the organization of the activities of the internal audit units of the central authorities shows the absence of any norms that would clearly regulate these issues.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88185619","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":"Grain Market: Trends and Potential of Its Development","authors":"O. Shebanina, O. Zhebko","doi":"10.33146/2307-9878-2022-4(98)-121-130","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-4(98)-121-130","url":null,"abstract":"One of the strategic directions of Ukraine's economic policy is providing food for the country's population and exporting surplus grain. At the same time, the grain market is a crucial element of the global economy, as it constitutes a significant part of world trade. Global changes caused by the COVID-19 pandemic and the war in Ukraine have left their mark on the functioning of the grain market and determined the future trends of its development. The article aims to determine the main trends in the grain market, to assess the potential of its development in Ukraine and the world. The dynamics of prices in the world market of grain crops were evaluated, and its features and main development trends were revealed. An analysis of the production and sale of grain crops in Ukraine in 2019-2022 was carried out. It was found that in 2022, direct and indirect losses of Ukraine in the agricultural economy amounted to $ 6.6 billion and $ 34.25 billion, respectively. Ukraine lost the opportunity to export about 5 million tons of wheat due to the blocking of ports and the complication of logistics. However, thanks to the help of partner countries, Ukraine can continue to ship its grain to the world market. In addition, according to preliminary data for 2022, Ukraine lost at least 15% of its elevators, with a total volume of 9.3 million tons due to military aggression. The article calculates the cost of investments in constructing (restoration) elevator capacities necessary for Ukraine to store grain. For developing the grain market in Ukraine and strengthening the potential of grain production, an important factor is an investment and improving the material and technical base. Despite the difficult circumstances of wartime, in general, the grain market of Ukraine continues to develop. It has the potential for further growth, especially if the quality of products is improved and the infrastructure is improved.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"159 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73517390","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 Relationship between Water/Energy Reduction and Shareholders' Dividend Yield","authors":"C. Ngwakwe","doi":"10.33146/2307-9878-2022-3(97)-56-61","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-3(97)-56-61","url":null,"abstract":"In a world of increasing energy and water scarcity, companies are devising new technical and operational strategies to reduce energy and water consumption – especially the ratio of water and energy usage to units of production. Savings derivable from such environmental resource conservation contribute to cost reduction, which invariably result in better financial performance. This paper analysed the relationship between water and energy reduction on dividend yield. Many studies on water and energy efficiency's effect on financial performance have paid little attention to dividend yield – hence this paper contributes to the academic science. The paper applied a positivist paradigm and hence a quantitative approach. Data on energy reduction, water reduction, and dividend yield were from the Coca-Cola financial and sustainability reports for different years. A simple regression analysis was applied to the data analysis. Research results indicate that at an alpha level of 0.05%, energy and water reduction are significantly related to dividend yield at a p-value of P<0.05. Thus, the increase in the dividend, which emerged from water and energy reduction, has a practical significance for Coca-Cola Company and other beverage industries. The paper provides practical and research recommendations based on which the beverage industry may contribute to environmental resource conservation by devising a strategy to reduce water and energy per unit of production. Furthermore, the paper recommends further study on this concept to apply dividend yield as a financial performance proxy and expand the study time series whilst accommodating other beverage industries.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"25 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73514913","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":"Digitalization of Ukrainian Companies as a Mechanism of Competitive Struggle in the Global Grain Market","authors":"Liudmyla Tsymbal","doi":"10.33146/2307-9878-2022-4(98)-107-113","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-4(98)-107-113","url":null,"abstract":"Increasing competition in the global market requires new business management mechanisms and tools to provide companies with certain advantages. In particular, agricultural holdings of Ukraine in the pre-war period began to digitize actively. In wartime, the direction of digital transformation of business management was not only actualized but also partially ensured the survival of companies and the safety of their personnel. The article's purpose is to summarize Ukrainian companies' experience regarding the digitalization of economic activity. It was revealed that the largest agrarian companies operating in the grain market are represented in the rating of the TOP companies of Ukraine regarding profit indicators and sales volumes. The article analyzes the level of digitalization of production processes of such Ukrainian agricultural holdings as Kernel, MHP, Astarta-Kyiv, Ukrlandfarming, Agro-Region. Today, agricultural companies apply the elements of digitalization in a fragmented manner. However, in the future, it is expected that this will lead to the formation of a digital ecosystem that will unite all digital solutions and cause their gradual expansion to all aspects of economic activity. Digital transformation is most noticeable precisely in the traditional sectors of the economy, which were previously the least involved in automation processes. The effectiveness of the implementation of digitalization in the activities of the agricultural industry can reach 90%. In general, investments in innovative digital management and production technologies contribute to forming competitive advantages for Ukrainian businesses in the global grain market. The issue of digital interaction among various market participants remains problematic due to their use of individual approaches to digitization. Therefore, there is a need to coordinate the efforts of all market participants in order to unify approaches to the digitalization of information exchange processes, product labeling, and logistics operations.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"135 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74691657","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":"Factors Determining the Performance of Employees at the Directorate of Islamic Education","authors":"Septiani Nur Hidayati, Dewi Susita, U. Suhud","doi":"10.33146/2307-9878-2022-1(95)-128-134","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-1(95)-128-134","url":null,"abstract":"The success of the organization in achieving its goals depends on the effectiveness of employees. Because the results of the organization are correlated with the work of its employees. Therefore, it is important to timely assess the factors that affect employee performance. This study aims to analyze the influence of servant leadership, organizational culture, organizational commitment on employee performance at the Directorate of Islamic Education in Indonesia. The research sample in this study is the 180 employees of the Directorate General of Islamic Education of the Indonesian Ministry of Religious Affairs. Data was collected by spreading the survey with a 5-point Likert scale. For each variable in this study, the indicators used and substantiated in previous studies were taken. The data analysis method used in this study is exploratory factor analysis and Structural Equation Modeling (SEM) using Amos version 24. This study shows that servant leadership has a significant effect on employee performance. There is also a direct positive influence of servant leadership on organizational commitment. In addition, there is a positive influence of organizational culture on organizational commitment and employee performance. In turn, organizational commitment has a significant effect on employee performance.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"178 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74728768","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 Effect of Intellectual Capital on the Company Value: The Case of Banking Companies in Indonesia","authors":"Anita Yesi, Susetyo Didik, Rela Sari","doi":"10.33146/2307-9878-2022-2(96)-124-133","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-2(96)-124-133","url":null,"abstract":"The value of the company includes all forms of value that determine its health and well-being in the long run. With the development of innovations, intangible assets and firm's business model became an important component of the company's value. This study aims to determine the effect of intellectual capital on the value of banking companies in Indonesia. The analysis also covers other factors affecting the company's value, namely the company's size and good corporate governance. The object of the study is 43 banking companies in Indonesia whose shares are listed on the Indonesian Stock Exchange. The data for the analysis are taken from the financial reporting forms of companies for 2015-2020, which are published on the website of the Indonesian Stock Exchange (www.idx.co.id) and the companies’ websites. The methodological basis of the analysis is panel data regression performed in the EViews program. Company value in this study is measured using the Tobin Q. Intellectual capital is measured based on the added value created by physical capital, human capital and structural capital. Company size is measured using the natural logarithm of total assets. Good corporate governance is measured through managerial ownership, institutional ownership, audit committee and board of commissioners. The study results show that intellectual capital significantly impacts the value of banking companies in Indonesia. In addition, the company's value is also affected by its size and implementation of good corporate governance. The results of the qualitative analysis indicate that intellectual capital affects the business organization in various ways, such as increasing competitive advantage, promoting innovation, increasing employee competence and operational efficiency.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72513396","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 Influence of Communication, Work Motivation and Work Environment on Employee Performance with Work Discipline as a Mediating Variable","authors":"Djatmiko Noviantoro, Silvia Marisa, Sari Sakarina","doi":"10.33146/2307-9878-2022-4(98)-80-88","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-4(98)-80-88","url":null,"abstract":"An organization's ability to achieve its goals depends largely on the performance of its employees, so focused and productive employees are a valuable asset for success in a highly competitive environment. This study examines the influence of communication, work motivation, and environment on employee performance, with work discipline as a mediating variable. The sample of this study is all employees of the Planning and Finance Section of the Regional Secretariat of Prabumulih City (South Sumatra, Indonesia), totaling 47 people. Data analysis was performed using the Partial Least Square (PLS) method in three stages: a. Outer model analysis; b. Inner model analysis; c. Hypothesis test. The results of this study indicate that the factors chosen by the authors, namely communication, work motivation, work environment, and work discipline, affect employees' performance. In addition, communication through work discipline can improve employee performance, as seen in employees who improve task coordination, try to solve problems together, share information, and build relationships through joint activities. Work motivation through work discipline can improve employee performance, as seen in employees who get bonuses for good work results. The work environment through work discipline can improve employee performance if the building where employees work meets safety standards and employees maintain good relations with co-workers. Hence, an organization should pay attention to each factor to increase employee productivity. An organization's policy on human resource management should be comprehensive – it should include an analysis of the factors discussed in this study and many other factors.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"128 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80242256","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 Effect of Anxiety and Employee Engagement on the Performance of Millennial Employees with Resilience as Mediating Variable","authors":"D. Nugraha, I. Sudiarditha, H. Eryanto","doi":"10.33146/2307-9878-2022-2(96)-91-102","DOIUrl":"https://doi.org/10.33146/2307-9878-2022-2(96)-91-102","url":null,"abstract":"Human resources are one of the critical assets in the company, and failure to manage human resources can result in disruptions in the achievement of goals in the company, both in performance, profit, and survival of the company itself. This research aims to determine the effect of anxiety and employee engagement on millennial employees' performance with resilience as a mediating variable. The object of this study is the millennial operational staff in PT Bumitama Gunajaya Agro amounts to 776 employees. Millennials are a diverse group of people that were born between 1981 and 1996. Today, they can be anywhere between 25-40 years old and represent ⅓ of the labor force in the labor market. The authors selected 228 respondents in the agronomy assistant section for the study. Data collection was carried out using a questionnaire on a Likert scale. This research method is Structural Equation Modeling (SEM) through the AMOS program version 22. The study results show that anxiety has a negative effect on the resilience and performance of millennial employees, while employee engagement has a positive effect on these indicators. The higher the engagement of employees will increase their resilience. This can be a trigger in achieving the optimal performance of employees. Employees who have low anxiety will bring optimal performance, while employees with high anxiety will produce low performance. This is the uniqueness of each employee facing the problems faced; work experience and mastery of himself become essential to this dynamic.","PeriodicalId":33375,"journal":{"name":"Oblik i finansi","volume":"81 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81634682","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}