To see the other types of publications on this topic, follow the link: Separate investments.
Journal articles on the topic 'Separate investments'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Separate investments.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Nuetah, J. Alexander, and Xian Xin. "Has China’s Investment Pattern in Sub-Saharan Africa Been Driven by Natural Resource Quest?" Global Journal of Emerging Market Economies 11, no. 3 (September 2019): 215–31. http://dx.doi.org/10.1177/0974910119887065.
Full textAbstract:
We assess China’s investment patterns in Sub-Saharan Africa (SSA) using total investment data separated into foreign direct investment (FDI) and infrastructure investment in four separate groups of countries covering the period from 2005 to 2017. Answering four questions based on arguments by scholars on China’s involvement in the region, we find that: (a) FDI constitutes only about 27 percent of China’s total financial flows into SSA; (b) only 30 percent of the total financial flows from China to SSA have gone into the natural resource sector; (c) mineral-related investments in mineral-resource-endowed countries constitute less than one-third of the total investment; and (d) less than one-third of China’s total investment in the region is allocated to natural resource extraction. These findings seem to refute arguments that Chinese investments in Africa are directed at natural resource extraction and that only countries endowed with natural resources attract Chinese investments.
2
Kalinina, Olga, Vasilii Buniak, Galina Golubnichaya, and Irina Kapustina. "Economic features of investment nature of energy-saving projects in Russia." E3S Web of Conferences 110 (2019): 02089. http://dx.doi.org/10.1051/e3sconf/201911002089.
Full textAbstract:
This article studies conceptual approaches to the definition of investments in energy saving sector, considers economic features of such investments, and highlights financial aspects making the investments attractive to modern enterprises. The features of energy saving projects’ investment analysis are considered, a model for calculating the payback of such projects at the expense of price or tariff is provided. To improve investments in energy saving sector, division of the process participants into economic entities and state bodies was proposed with separate recommendations provided for each of these groups.
3
PODOLIANCHUK, Olena, and Nataliya GUDZENKO. "CAPITAL INVESTMENTS: NORMATIVE LEGAL AND ACCOUNTING." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 2 (56) (June 29, 2021): 166–81. http://dx.doi.org/10.37128/2411-4413-2021-2-12.
Full textAbstract:
The article evaluates the legal regulation and accounting of capital investments and determines that a single and precise term that would determine their essence has not yet been developed. The difference in the definitions of capital investments is outlined, which leads to confusion in their evaluation and reflection in the system of accounting accounts. There are two approaches to determining the nature of capital investment in the legal framework: economic and accounting. The dynamics and structure of capital investments by types of assets in terms of 2015-2019 are presented. Based on the results of elaboration of the regulatory framework and scientific opinions of scientists, their own opinion on the definition of capital investment has been expressed. It is noted that in the organization of accounting for capital investments it is important to assess, classify, justify objects, as well as the allocation of costs to current (to maintain the object in working order) and attribute investments to capital (improving the functional properties of the object ). A generalized classification of capital investments is proposed, which will help to timely and fully systematize the accounts and reflect in the reporting of objective and reliable information. It was found that one of the problems of accounting for capital investments is the distribution of costs and investments incurred between current costs and capital investments. Entities are invited to develop their own criteria for identifying capital investment objects and assigning the cost of repairs (capital repairs) to capital investments and approve them in the accounting policy and order. In order to ensure the objectivity of the information on capital investments, alternative changes to the Chart of Accounts have been proposed in the part of the Capital Investments account. The submitted proposals will provide an opportunity to consider capital investments as a separate object of accounting and to assess the rationality of investments.
4
Bobrovska, О., A. Lysachok, T. Kravchenko, L. Akimova, and O. Akimov. "THE CURRENT STATE OF INVESTMENT SECURITY IN UKRAINE IN THE CONTEXT OF COVID-19 AND ITS IMPACT ON THE FINANCIAL AND ECONOMIC SITUATION OF THE STATE." Financial and credit activity: problems of theory and practice 1, no. 36 (February 17, 2021): 233–42. http://dx.doi.org/10.18371/fcaptp.v1i36.227770.
Full textAbstract:
Ensuring stable economic development of the country is the main task of state authorities. Investment security is an important component of economic security, plays an important role during the sustainable development of the country’s economy. Modern globalization processes play an important role during the development of the system for the formation and protection of investment security. In addition, the emergence of the COVID-19 pandemic has led to the identification of new negative factors, endogenous and exogenous changes, which have made significant adjustments to the development of a stable economy in the country. To combat this pandemic, a state of emergency was introduced, it concerned either an entire country or a separate region or a separate sphere. The countries of the world, for their part, introduced sanitary and epidemiological measures to avoid the spread of the disease. The rapid introduction of these measures, as well as the development and implementation of steps that dealt with mitigating the consequences of the pandemic, caused a slowdown in economic development not only in the countries of the world, but also in Ukraine. The main factor in determining the level of investment security can be a study of the state of the investment climate in the country. The pandemic significantly affected the stability of the economy, in particular, created a negative field for ensuring investment security. Investments, being a long-term «feeding» of the economy, is not only a key condition for modernizing the national economy, but also the main factor of its economic security. The «safe» properties of investments are determined by the ability to make capital investments and production savings at a level that guarantees sufficient rates of expanded reproduction, technological re-equipment and economic restructuring, directly increases the potential for protecting economic interests from threats of various approaches. GDP. Assessment of the current level of investment made it possible to determine the adequacy of the provision of the Ukrainian economy with investments, is an indicator of the country’s investment security.
5
Prisandani, Ulya Yasmine, and Felix Pratama Tjipto. "Revisiting the need to regulate foreign portfolio investor in the Indonesian stock market." Legality : Jurnal Ilmiah Hukum 29, no. 2 (June 11, 2021): 184–99. http://dx.doi.org/10.22219/ljih.v29i2.15216.
Full textAbstract:
This research aims to reintroduce the issue of foreign portfolio investment in Indonesia by way of presenting an analysis on the prevailing Indonesian laws and regulations, comparative analysis with well-established jurisdictions, as well as an evaluation on the need for regulating foreign portfolio investment in Indonesia. The methods used in this research combine normative and empirical methods where a review is conducted on the laws and regulations in Indonesia as well as in South Korea and India as comparative jurisdictions, in addition to an interview conducted with the Indonesian Stock Exchange. The research found that Indonesia does not have a separate, comprehensive set of regulations on foreign portfolio investments yet whereby inferences need to be made from the prevailing laws and regulations that are general in nature. After the comparative overview and analysis, there appears to be a need for separate regulation for foreign portfolio investments in Indonesia, either by way of enacting a completely new set of laws and regulations or alternatively, by way of creating implementing regulations to support the prevailing laws.
6
Maung, Min, and Reza H. Chowdhury. "Is there a right time for corporate investment?" Studies in Economics and Finance 31, no. 2 (May 27, 2014): 223–43. http://dx.doi.org/10.1108/sef-08-2013-0112.
Full textAbstract:
Purpose – The purpose of this paper is to determine whether corporate investment in real fixed assets in hot issue markets leads to higher income to shareholders than that in other equity market conditions. Design/methodology/approach – The authors address the research question in two steps: first, the authors identify how security issuances in hot and cold issue markets influence corporate investment decisions. Second, the authors examine how debt- and equity-financed investments in two different market conditions affect future holding period returns. The sample includes an unbalanced panel data set consisting of all non-financial and non-utility US companies from 1973 to 2006. The authors apply both firm- and industry-level fixed effect methods to estimate the coefficients of two separate empirical models. Findings – The authors find that equity issuances increase firms' capital investments in hot issue markets. These equity-financed investments in hot equity markets result in higher returns to shareholders compared to those in other market conditions. Therefore, there exists a window of opportunity for firms to issue new equities and make investments, which in turn improve shareholders' wealth. Practical implications – The findings convey a critical message to corporate managers about the right timing of equity-financed capital investments. Originality/value – While earlier research focuses on determining a specific equity market condition that favours new issuances, this paper determines a particular equity market condition when firms typically choose value-enhancing equity-backed projects for investment.
7
KOSTYRIN, E. V., and M. S. SINODSKAYA. "THE MODEL FOR MANAGING INVESTMENTS IN THE MOSCOW ENVIRONMENT BASED ON A POWER REGRESSION EQUATION." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2, no. 7 (2020): 91–99. http://dx.doi.org/10.36871/ek.up.p.r.2020.07.02.012.
Full textAbstract:
The article analyzes the impact of certain factors on the volume of investments in the environment. Regression equations describing the relationship between the volume of investment in the environment and each of the influencing factors are constructed, the coefficients of the Pearson pair correlation between the dependent variable and the influencing factors, as well as pairwise between the influencing factors, are calculated. The average approximation error for each regression equation is determined. A correlation matrix is constructed and a conclusion is made. The developed econometric model is implemented in the program of separate collection of municipal solid waste (MSW) in Moscow. The efficiency of the model of investment management in the environment is evaluated on the example of the growth of planned investments in the activities of companies specializing in the export and processing of solid waste.
8
Twum, Stephen B. "Investigation of a Joint Venture-Ship between Two Firms in Ghana Using Linear Programming." Advanced Materials Research 824 (September 2013): 479–89. http://dx.doi.org/10.4028/www.scientific.net/amr.824.479.
Full textAbstract:
Investigation of the prospects of a joint venture-ship between two Firms in Ghana is reported. The novelty of this work is in the fact that it explores the ground of co-operation instead of competition that characterise the operations of these Firms. The goal was to find an optimum investment which was more profitable to both in a joint investment than in separate ones using linear programming (LP). LP models for both Firms were first formulated separately (one of them in an earlier work) using data and information obtained from both, following which a joint problem was posed, formulated, and solved. A sensitivity analysis was performed on the solutions to assess the stability of the models and the results used to determine range of possibilities for the optimum solutions for the Firms separately and jointly. The results showed that a joint investment could prove more rewarding for the two Firms than in separate investments.
9
PRUTSKA, Olena. "FINANCING OF ORGANIC PRODUCTION IN THE CONTEXT OF IMPACT INVESTING." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 5 (45) (May 2019): 55–63. http://dx.doi.org/10.37128/2411-4413-2019-5-6.
Full textAbstract:
The article considers and justifies the approach to the financing of organic production as a component of the concept of impact-investing. The essence, features and tools of impact-investment are considered. Impact-investing differences from social investment, socially responsible investment and social entrepreneurship are considered. It is proved that Impact Investment is the newest financial strategy for social development, provides for investments in business projects that initially focused on profit and positive changes in society or the environment It is noted that scientific consideration of impact investing has not yet been given due attention in Ukraine. The subject of research is at the intersection of financial technology, social entrepreneurship and organic agro-production. Impact investing is considered a separate case of social investing with more clearly defined boundaries. Examples of social enterprises both in agriculture and in the restaurant business and in manufacturing are known in Ukraine. Because social entrepreneurship is a business, it has all the rules of the business: niche search, market research, competition, investment, and more. Impact investments help measure the external effects of doing business. With the introduction of the investment impact criterion, it becomes possible to determine what this business impact is, how to measure, study and understand it. It is emphasized that Impact investing is only beginning to develop in Ukraine. Over the past few years, examples of such investments have emerged in Kyiv, Lviv, Odessa, Ivano-Frankivsk and other cities. Most of them have started their business through local businesses and have relatively small initial investments by global standards. The opinion is grounded that investment in the development of organic production can be considered as a form of impact investment. It is concluded that, given the great social importance of the development of organic production, as well as the positive effects that organic agricultural production can potentially have on the development of rural areas, the use of financial resources of agricultural holdings may be promising. It was proposed to provide a differentiated approach to the collection of a fixed agricultural tax (FAS), taking into account the availability of investments in organic agricultural production, which would have prompted agricultural holdings to include organic production units in their structure. Investments in the development of organic agricultural production, which are proposed to be considered as impact investments, would allow domestic agro-holdings to a certain extent “rehabilitate”, improve their image, give their debt to society, and contribute to the development of rural areas.
10
Timmer, Ryan, John Paul Broussard, and G. Geoffrey Booth. "The efficacy of life insurance company general account equity asset allocations: a safety-first perspective using vine copulas." Annals of Actuarial Science 12, no. 2 (January 21, 2018): 372–90. http://dx.doi.org/10.1017/s1748499517000264.
Full textAbstract:
AbstractWe study the asset allocation decision of a life insurance company’s general account with respect to the possibility of large negative economic shocks and examine how this account is affected by policyholder investment decisions in the company’s separate account. This is accomplished using a performance metric that incorporates downside risk measured using univariate and multivariate extreme value distributions. Because of its well-known price volatility, diversification attributes, and significant weight in the combined general and separate accounts, our primary focus is the company’s equity investments. Although industry asset allocations have varied over the past two decades, we find that the actual allocations to equity in the general account are close to the allocation percentages suggested by our extreme value metrics and both are far below the maximum values indicated by the relevant regulatory bodies.
11
Khalaf, Ayad Jumaah, and Omar Mohammed Arkad. "Accounting for Financial Investments in View of International and Local Financial Reporting Standards." Journal of AlMaarif University College 31, no. 2 (December 31, 2020): 437–62. http://dx.doi.org/10.51345/.v31i2.227.g181.
Full textAbstract:
The transformations in the business environment and the opening of markets have led to increased interest in financial investments to revive the national economy and with the emergence of international business and multinational companies، accounting work has become more extensive and complex، which requires improving local accounting standards and in line with international requirements، where the research problem is that Iraq is one of the countries It seeks to use accounting that is largely consistent with the international financial reporting standards through its keenness to apply the unified accounting system and accounting rules and that studying financial investments in the light of both international financial reporting standards and Iraqi accounting regulations and knowing and identifying similarities and differences between them can improve the process of increasing Harmony and increased compatibility Where the importance of research lies in improving the unified accounting system and the Iraqi accounting rules through which financial investments are accounted for and shown in financial statements and communicated to users of financial reports in a way that reflects on the enhancement of investment decisions، and with this the aim of the research is to identify financial investments in the light of each of the reporting criteria International and local financial and accounting treatments in addition to conducting a comparative analytical study to find out the similarities and differences between them and proposing the necessary basis and procedures to help increase harmony and consensus، as the two researchers used the theoretical side and the comparative analytical method based on the sources and references as well as the international and local financial reporting standards related to the research topic Also، tables and illustrations were used، many results were reached، the most important of which is a wide gap between international and domestic financial reporting standards in relation to accounting for financial investments. Financial statements، and among the recommendations of the researchers is the necessity to issue a separate accounting rule for financial investments and another rule for investments in real estate، as well as an accounting base for investment in associates and joint ventures in order to classify financial investments according to what came in the international financial reporting standards.
12
Markovic, Damir. "Individual investors in the Republic of Serbia and investments funds: Factors that separate them." Ekonomski signali 11, no. 1 (2016): 17–28. http://dx.doi.org/10.5937/ekonsig1601017m.
Full text
13
Kukosh, M. S. "INSTITUTIONAL BASIS FOR THE FORMATION OF THE REGION�S INVESTMENT POTENTIAL." Economic innovations 19, no. 1(63) (April 24, 2017): 110–15. http://dx.doi.org/10.31520/ei.2017.19.1(63).110-115.
Full textAbstract:
The article considers the institutional framework for the formation of the country and the region investment potential. The state and prospects of Ukrainian legislation in the field of investment, as well as the organization of attraction and support of investments at the state and regional level are investigated. The necessity of systematization of investment legislation of Ukraine, the outcome of which should be the adoption of the Investment Code. It is also grounded that the process of attracting and supporting investments, namely the creation of a separate body for which it would be assigned the task of promoting foreign investment both at the state and at the regional level, also needs to be improved. It is determined that the necessary conditions for increasing the investment activity of domestic enterprises at the state level are the formation and implementation of a well-balanced investment policy, ensuring favorable business climate in the country, development of investment and infrastructure provision of investment processes, etc. At the level of regions and certain sectors of the economy, the development and implementation of regional and sectoral investment development programs should contribute to the effective implementation of investment activities. It is expedient to create a special body that would engage in investment and support of investment projects at the state level, and also had its representative offices in all regions of Ukraine, which would be engaged in supporting local investment projects. This will enable the creation of an effective regional policy, the formation of investment attractiveness, and, thus, to ensure the receipt of investment resources.
14
Dutta, Sunil, and Stefan Reichelstein. "Stock Price, Earnings, and Book Value in Managerial Performance Measures." Accounting Review 80, no. 4 (October 1, 2005): 1069–100. http://dx.doi.org/10.2308/accr.2005.80.4.1069.
Full textAbstract:
This paper develops a multiperiod principal-agent model in which a manager must be given incentives to undertake investments and to exert personally costly effort. Investments are “soft” (e.g., intangible assets) and therefore entail measurement errors for the accounting system as it seeks to separate investments from operating expenditures. This separation is of no concern to the stock market, which draws on its own information about future cash flows resulting from current investments. The firm's stock price, however, reflects all value-relevant information, parts of which are not incentive relevant. Optimal incentive provisions must combine “forward-looking” market information with “backward-looking” accounting information. Under certain conditions, optimal performance measures can be expressed as a weighted average of economic value added (residual income) and market value added.
15
Florkowska, Lucyna, and Izabela Bryt-Nitarska. "The requirements for implementing Sustainable Development Goals (SDGs) and for planning and implementing Integrated Territorial Investments (ITI) in mining areas." E3S Web of Conferences 36 (2018): 01004. http://dx.doi.org/10.1051/e3sconf/20183601004.
Full textAbstract:
The notion of Integrated Territorial Investments (ITI) appears more and more frequently in contemporary regional development strategies. Formulating the main assumptions of ITI is a response to a growing need for a co-ordinated, multi-dimensional regional development suitable for the characteristics of a given area. Activities are mainly aimed at improving people’s quality of life with their significant participation. These activities include implementing the Sustainable development Goals (SDGs). Territorial investments include, among others, projects in areas where land and building use is governed not only by general regulations (Spatial Planning and Land Development Act) but also by separate legal acts. This issue also concerns areas with active mines and post-mining areas undergoing revitalization. For the areas specified above land development and in particular making building investments is subject to the requirements set forth in the Geological and Mining Law and in the general regulations. In practice this means that factors connected with the present and future mining impacts must be taken into consideration in planning the investment process. This article discusses the role of proper assessment of local geological conditions as well as the current and future mining situation in the context of proper planning and performance of the Integrated Territorial Investment programme and also in the context of implementing the SDGs. It also describes the technical and legislative factors which need to be taken into consideration in areas where mining is planned or where it took place in the past.
16
Plokhikh, Yu V. "Separate waste collection as key to effective implementation of the «garbage» reform." Omsk Scientific Bulletin. Series Society. History. Modernity 5, no. 4 (2020): 122–27. http://dx.doi.org/10.25206/2542-0488-2020-5-4-122-127.
Full textAbstract:
The article considers the current problem for our country-separate collection of waste, the main source of which is the housing stock. It is shown that the absence of marked containers near residential buildings does not allow sorting garbage «at the source», which hinders the further rational use of resources. The author offers a classification of garbage collection methods used in the regions of our country, and highlights the most accessible of them. The article indicates that due to the lack of capacity and funds, small businesses can only be involved in certain stages of waste management that do not require expensive investments
17
DiMascio, Nicholas, and Joost Pauwelyn. "Nondiscrimination in Trade and Investment Treaties: Worlds Apart or Two Sides of the Same Coin?" American Journal of International Law 102, no. 1 (January 2008): 48–89. http://dx.doi.org/10.1017/s000293000003983x.
Full textAbstract:
For global business, international trade and investment are bound at the hip. When businesses trade internationally, goods or services cross borders; when they invest, it is capital and other factors of production that do so. Companies trade to supply their foreign investments; they invest to facilitate and diversify their trade. In contrast, international law addresses trade and investment separately and regulates them in ways that are dramatically different. First, trade has been governed multilaterally since 1947 through what today is the World Trade Organization (WTO), whereas close to 2,600 separate bilateral investment treaties (BITs), which mushroomed only in the 1980s and 1990s, now regulate foreign direct investment (FDI). Second, hundreds of increasingly sophisticated WTO rules discipline trade, whereas a mere handful of principles cover investment—many of which derive from customary international law. Third, trade agreements are enforced exclusively between states, with reciprocal trade sanctions as the remedy of last resort; under investment treaties, private companies have standing to claim monetary damages from host country governments.
18
Lomakina, Natalia. "State Incentivizing of Investment Activity in the Resource Region: Far East of Russia Variant." Spatial Economics 16, no. 4 (2020): 68–90. http://dx.doi.org/10.14530/se.2020.4.068-090.
Full textAbstract:
The authors studied the actual policies and emerging effects of state incentivizing of investment activity instruments under the ‘new model’ of development for the Far East of Russia. There were shown the specifics of localizing investments in the resource region in shape of preferential regimes of Territories of Advanced Social and Economic Development (TAD or ASEZ Advanced Special Economic Zones) and also extraterritorial preferences as direct subsidies from the federal budget to infrastructure projects of strategically important investment projects and regional investment projects. The effects of these instruments employed in the Far Eastern Federal District in 2014–2020 demonstrate that the package of state measures formed for attracting investments and its separate elements (royalty benefits, the criterion of maximum attraction of private investments for every rouble of budget ones, etc.) have promoted investments mainly in extraction of minerals in the total surveyed range of support instruments. The outcome of these preferences was further growth of resource-based industries in the Far East economy structure (which to a certain extent predetermines the perspective economy structure of the macro region). The analysis of the rate of accumulation (a share of investments in the regional Gross Domestic Product) as a factor of economic growth showed that the majority of Far Eastern regions (except the mono-mineral Sakhalinskaya and Magadanskaya oblasts and the Chukotsky Autonomous Okrug) do not reassert the role of resource-based industries as key drivers for their economic growth which would have justified state incentives for extraction of mineral resources in particular. Certain modifications have been revealed in the very instruments of state incentives under the ‘new model’ of development in the Far East of Russia among which is a blurring of border lines between preferential territories to legitimize incentivizing of mineral companies; a changed (reduced) role of regional authorities in implementation of different instruments; forming ‘multi-layer’ preferences in the interest of mineral companies. It was demonstrated that in the surveyed contour of key actors interacting in the process of implementing different instruments of a ‘new model’ for development of the Far East of Russia (federal and regional administration, businesses) with greater vividness comes to the fore a tendency for shaping key outcomes of preferences in mineral companies
19
Maknickienė, Nijolė, Indrė Lapinskaitė, Algita Miečinskienė, and Ilona Skačkauskienė. "PATTERNS OF INEQUALITY OF LITHUANIAN REGIONS." Journal of Business Economics and Management 19, no. 2 (September 25, 2018): 323–42. http://dx.doi.org/10.3846/jbem.2018.5574.
Full textAbstract:
Though a country᾽s economy is growing, separate regional development disparities could be even more significant. This paper aims to identify the situation of inequality of Lithuania᾽s regions, taking into consideration the most important factors of regional economic growth and investments. Evaluation of regions by 15 criteria is carried out by a ranking method. Results show a big disparity between regions. Significant Spearman correlation is found between FDI and total investment with all investigated group of factors of economic growth in the group of City Municipalities, but in the group of District Municipalities, it differs. Four scenarios for regional policy formation were distinguished.
20
Pylypiv, Nadiya, and Iryna Pіatnychuk. "Essential Strategic Management Accounting Tools Used for Making Investment Decisions at Enterprises in EU." Journal of Vasyl Stefanyk Precarpathian National University 5, no. 3-4 (December 20, 2018): 50–56. http://dx.doi.org/10.15330/jpnu.5.3-4.50-56.
Full textAbstract:
Slow current modernization reforms in the economic sector have significantly weakened the competitiveness of enterprises in EU; therefore, there is a great need for new tools in the managerial decision-making process. Information provision of the decision-making process on expediency of investment activity in the form of capital investments is formed within thelimits of strategic management accounting. In the research except for various analytical methods (analysis, synthesis, comparison, grouping, etc.) a “decisions tree” method is used for choosinga reasonable solution. In the study, strategic management accounting has been defined as a separate kind of management accounting, which involves generation of high-quality information. Certain tools may be applied within it for the decisions made by managers, based on established business partnership with successful implementation of business strategy. Five most widespread groups of tools of strategic management accounting are cost accounting; planning, monitoringand evaluation of effectiveness; strategic decisions; competitor accounting; customer accounting.It is recommended to complete the list of instruments integrated within the five groupsby a separate group – a specific category of supplier accounting that would contribute to the generation of more complete and qualitative information provision for the process of making managerial decisions on the appropriateness of capital investments in the investment activityof the enterprise in EU. The research made it possible to reach the following conclusions. Important components should be taken into account in order to fulfil strategic management accountingof the company in a proper way. Those are data sources choice, collecting and processing of information, choice of instruments of strategic management accounting, formation of internal regulation of strategic management accounting, development and supply of accountingand analytical information; process of solutions development, and the choice, which canprovide generation of necessary information for competitive managerial decisions made by managers. Application of advanced tools for strategic management accounting, which give information to meet issues related to the characteristics of consumers, competitors, suppliers, project costs, assessment of investment feasibility in the project, is caused by the necessity of competitive decision-making with the help of the above-offered decisions tree tool usage
21
Monastyreva, Daria, and Natalia Astafieva. "Green building investment control system based on a three-dimensional parametric model of the green building." E3S Web of Conferences 258 (2021): 09079. http://dx.doi.org/10.1051/e3sconf/202125809079.
Full textAbstract:
Investment in construction projects is a rather complex process. The customer of construction product, as a rule, is also its investor and for him the systematization of information about the construction process is a necessity. Construction investment control (CIC) is an integral part of the building construction process. Such control is a separate service that is necessary for the customer to objectively understand the installed work volumes and forecast deadlines. Completed construction and installation works are confirmed by acts of acceptance of the completed works, which are subsequently the basis for payment for the work done. In this paper, we developed a methodology for managing investments in construction, as well as their control using modern BIM technologies. The effectiveness of using 3D modelling in investment control was demonstrated on the example of a residential complex. In addition, the volume of work obtained from the 3D-model was compared with the volume of work calculated manually. As a result, the exact amount of work and schedules for forecasting investment of funds were obtained.
22
Zaremba, Adam. "Portfolio Diversification with Commodities in Times of Financialization." International Journal of Finance & Banking Studies (2147-4486) 4, no. 1 (January 21, 2015): 18–36. http://dx.doi.org/10.20525/ijfbs.v4i1.202.
Full textAbstract:
The study concentrates on the benefits of passive commodity investments in the context of the phenomenon of financialization. The research investigates the implications of increase in the correlation coefficients between equity and commodity investments for investors in financial markets. The paper is composed of several parts. First, the attributes of commodity investments and their benefits in the portfolio optimization are explored. Second, the phenomenon of the financialization is described and the research hypothesis is developed. Next, an empirical analysis is performed. I simulate the mean-variance spanning tests to examine the benefits of commodity investments before and after accounting for the impact of financialization. I proceed separate analysis for pre- and post-financialization period. The empirical research is based on asset classes’ returns and other related variables from years 1991-2012. The performed investigations indicate that the market financialization may have significant implications for commodity investors. Due to increase in correlation coefficients, the inclusion of the commodity futures in the traditional stock-bond portfolio appears to be no longer reasonable.
23
Zaremba, Adam. "Strategic Asset Allocation in the Times of Financialized Commodity Markets." Journal of International Business Research and Marketing 6, no. 4 (2021): 19–28. http://dx.doi.org/10.18775/jibrm.1849-8558.2015.64.3003.
Full textAbstract:
The paper concentrates on the benefits of passive commodity investments in the context of the phenomenon of financialization. I investigate the implications of increase in the correlation between equity and commodity investments for commodity investors. The paper is composed of several parts. First, I describe the attributes of commodity investments and their benefits in the portfolio optimization. Second, I define the phenomenon of the finanzialization and develop my research hypothesis. Third, the section includes a description of data sources, research methods employed. Next, I present the results of the empirical analysis. I simulate the mean-variance spanning tests to examine the benefits of commodity investments before and after accounting for the impact of financialization. I proceed separate analysis for pre- and post-financialization period. The empirical research is based on asset classes’ returns and other related variables from years 1991-2012. The performed research indicates that the market financialization may have significant implications for commodity investors. Because of the increase in correlations, the inclusion of the commodity futures in the traditional stock-bond portfolio appears to be no longer reasonable.
24
PLIUSHCHYK, I. A., and R. P. OHORODNYK. "PROBLEMS OF ECONOMIC DEVELOPMENT AND ATTRACTION OF FOREIGN INVESTMENT IN THE COUNTRIES OF THE BLACK SEA REGION." Economic innovations 21, no. 3(72) (September 20, 2019): 107–16. http://dx.doi.org/10.31520/ei.2019.21.3(72).107-116.
Full textAbstract:
Topicality. The importance of using new opportunities for economic development, sustainability and connectivity in the region and beyond is enhanced in terms of the growing strategic importance of the Black Sea region for the EU. Investments are the basis of socio-economic development of the region. Investments related to the deepest foundations of economic activity, they determine the process of economic growth in general. In modern conditions, they are the most important tool of ensuring the conditions for the overcoming the economic crisis, for structural changes in the countries, for the growth of technological progress, for the improvement of quality indicators of economic activity at micro and macro levels. Aim and tasks. The purpose of the article is to identify the problems of economic development and the associated features of attracting foreign investment in the Black Sea region. Research results. The basic social and economic indicators of the Black Sea region - GDP (GDP), the index of human development, the population, the share of comparison is used to determine the structure and dynamics of incoming and outgoing flows volumes of direct foreign investments regional GDP in the world, are determined, the strategic importance is emphasized on the geopolitical map of the world of the Black Sea region, according the current political and economic challenges in Asian-European relations, dynamics and structure of incoming and outgoing investments of the countries of the region over the last nine years are defined. On this basis was concluded about the significant drop in investment activity in the region since 2014. A list of the main reasons for the decline in investment activity in the region is formed and relationship with the general indicators of economic development of the region is defined. The connection of problems of economic development and attraction of foreign investments to the countries of the Black Sea region is substantiated, which, unlike the existing approach, covers the participants of the whole region, and not a separate country. Approaches to the joint solution of investment problems of the countries of the Black Sea region are developed, which, unlike the existing ones, provide a synergistic effect and greater attractiveness for investors. Research results can be used by enterprises in attracting investment in cross-border projects, also can be used by intergovernmental groups to formulate strategies for joint provision of investment attractiveness of regional programs, can be used by participants in joint enterprises of the Black Sea region. Conclusion. The countries of the Black Sea region are heterogeneous in their economic indicators, thet are belonging to various economic and geopolitical associations. There are explicit leaders among the countries - Russia and Turkey, which have different geopolitical interests in the region and are not able to become a unifying factor in the region. For several years, the Black Sea region is not in the sight of international investors, and all Black Sea countries must work together to become investment attractive again. China's investment interests are identified in a region that does not hold back political commitments to any of the countries in the region. Business opportunities are the most powerful determinants of FDI.. But the particularities of the investment climate, such as strong institutions and regulatory instruments, are also important for developing countries and countries with economies in transition which looking for attraction of additional FDI. With a poor regional investment climate, foreign investors and their host economies may not be able to take full advantage of business opportunities created by market size and growth potential.
25
Mangal, Tricia Karen, and Day-Yang Liu. "The impact of economic freedom on foreign portfolio investments." International Journal of Research in Business and Social Science (2147- 4478) 9, no. 2 (March 23, 2020): 213–22. http://dx.doi.org/10.20525/ijrbs.v9i2.658.
Full textAbstract:
The present phenomena of globalization and market liberalization have attracted considerable attention from foreign investors. Several member states of the Caricom Single Market and Economy are becoming heavily dependent on foreign investments. Consequently, this study intends to investigate the effect of economic freedom on foreign portfolio investments in the case of the Caricom Single Market and Economy. For this purpose, this study has used data from 2012 to 2016. The results of the stationarity test showed that data of all variables considered in the study are stationary at level. Moreover, the fixed-effect model better modeled the data as suggested by the results of the Hausman test. Based on the results of the fixed effect models, economic freedom has a significant and positive effect on the total foreign portfolio investments. Therefore, an increase in economic freedom among the Caricom Single Market and Economy member countries will attract more investors to invest in their country stocks and debt instruments. Furthermore, for the robustness of the results, the study has also estimated a separate regression model for foreign debt portfolio investments and foreign equity portfolio investments which also support the baseline regression results and showed a significant and positive effect of economic freedom on both foreign debt and foreign equity portfolio investments. This study suggests that the member countries of the Caricom Single Market and Economy improve their economic freedom which will attract foreign investors to invest in their countries.
26
Басовский, Leonid Basovskiy, Басовская, and Elena Basovskaya. "Criteria of efficiency of investment projects with discrete and continuous cash flows." Economics 1, no. 6 (December 25, 2013): 3–12. http://dx.doi.org/10.12737/1945.
Full textAbstract:
For an assessment of efficiency of investment projects use various criteria which decide on use of discounting of discrete cash flows. For an assessment of investments in the form of a portfolio of market financial instruments taking into account features of behavior of investors and risks the criterion of admissible losses is used. Criterion acceptable losses while limited in its application, despite the development of research in this area. It is used only at an assessment of investments in the form of a portfolio of market financial instruments. When evaluating the efficiency of investment projects using a model of the discounted discrete cash flow. It is offered to use criterion of admissible losses for an assessment of separate projects. It is offered to define it as the lower bound of a confidential interval of the net specified value: N = NPV – t(P) · s NPV, where NPV – a population mean of the net specified value; s – mean square deviation of the net specified value of the project; t(P) – coefficient of a confidential interval; P – confidential probability which is chosen by the investor – the person, making the decision. It is offered to select projects, the lower bound of the net which specified value is represented investors preferable. For the investment projects, generating continuous cash flows, it is offered to use integrated model of discounting of continuous streams. For determination of sizes of criterion of admissible losses of the projects generating discrete also cash flows are continuous, necessary settlement formulas are given. Application of the offered criterion of admissible losses of investment projects and programs will allow to consider reasonably preferences of the investor and to increase the accuracy of estimates of efficiency taking into account risk.
27
Melnyk, V. O. "Modification of Personal Investment Tools from the Perspective of Digital Finance and Its Influence on Ukrainian Finance Market." Business Inform 6, no. 521 (2021): 205–12. http://dx.doi.org/10.32983/2222-4459-2021-6-205-212.
Full textAbstract:
Drastic changes in the financial services market under the influence of digitalization determine the relevance of research of the modern structure of this market, taking into account the emergence and development of the FinTech innovations. The increase in new investment instruments is attracting the attention of an increasing number of individual investors in the digital finance industry. Considering these tools, the preferences of individual investors require a separate study. The article is aimed at studying the financial market in digital finance and analyzing such types of investments as cryptocurrencies and crowdfunding, as well as the characterizing the online brokerage as a way to obtain investment services among individual investors. As a result of the study, the place and role of cryptocurrencies, crowdfunding and online brokerage in the investment activities of individuals is substantiated; the main mechanisms of work of these financial instruments are allocated and features of their development in Ukraine are characterized. The main disadvantages and advantages of crowdfunding and cryptocurrencies are defined and further steps are proposed regarding the prospects for their development in Ukraine. In addition, the article analyzes the current state of functioning of the online brokerage service in Ukraine and proves the relevance of the allocation of these financial instruments at the legislative level. Prospects for further research in this direction are the analysis of other digital instruments of personal investments, as well as a detailed study of the specifics of functioning of crowdfunding, cryptocurrencies and online brokerage in Ukraine. For the more efficient functioning of investment instruments in the sphere of digital finance, as well as effective use in practical activities, it becomes necessary to closer define these concepts at the legislative level and to substantiate the specifics of their work in detail.
28
Mashud, Abu Hashan Md, Dipa Roy, Yosef Daryanto, and Mohd Helmi Ali. "A Sustainable Inventory Model with Imperfect Products, Deterioration, and Controllable Emissions." Mathematics 8, no. 11 (November 17, 2020): 2049. http://dx.doi.org/10.3390/math8112049.
Full textAbstract:
Maintaining product quality and environmental performance are emerging concerns in modern competitive and transparent businesses. Many retailers separate perfect products from imperfect ones to ensure product quality and endeavor to achieve carbon dioxide (CO2) reduction through green technology investments and sustainable inventory planning. Product deterioration often badly hampers the retailing business; hence, suitable preservation technologies are used. In this study, we examined the optimization model of the selling price, investment, and replenishment planning to maximize the total profit. The proposed model considered the effect of a greater deterioration rate and discount price of imperfect products. Due to the high uncertainty in demand, a realistic holding cost was deliberated with a variable and constant part. Every time the retailer transports purchased items, greenhouse gases (GHGs), including CO2, are produced. Government regulations on CO2 minimization and customer awareness for greener products stimulate retailers to invest in energy-efficient green technology. This study simultaneously showed a harmonious relationship among the attributes of preservation technology, green technology investment, and discounts on defective items. Theoretical derivations were performed with numerical analysis.
29
Vasilyeva, Т., S. Lyeonov, N. Antoniuk, and O. Tverezovska. "ENTERPRISE`S ACTIVITIES MONITORING IN STRATEGIC MANAGEMENT." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 2 (2019): 127–31. http://dx.doi.org/10.21272/1817-9215.2019.2-17.
Full textAbstract:
The article deals with the questions of formation of monitoring key indicators of enterprise financial and economic activity mechanism. Emphasized that the provision of adequate conditions for sustainable development and preservation of financial stability of domestic enterprises in today's economic realities require continuous monitoring of the main indicators of their activity, including the estimation of the financial condition of the company and its investment attractiveness. Analyzed one of the major domestic problems of the Ukrainian economy as the underfunding of the real sector of the economy is the result of the processes of financialization and globalization of world capital. It is proved that for today there is a necessity of formation of the mechanism of monitoring of key indicators of financial and economic activities of enterprises, the results of which can be applied for development of strategy of development of separate entity. The results of the analysis of the dynamics of direct investments into the economy of Sumy region showed a general decrease in volume and a minor volume of investments in the industry compared to other industries. The results of the study identified the key 2 indicator - investment attractiveness of the enterprise and the dynamics of added value and establishing acceptable for a specific enterprise corridor variations AV. Monitoring of such deviations in the dynamics will allow us to have adequate information to identify trends for future development of the enterprise. The article presents the method of calculation of added value based on the financial statements, which is one of the key indicators in predicting trends in the development of the enterprise. Keywords: monitoring, strategic development, financial and economic activity of the enterprise, investment attractiveness, value added, labor productivity, financial status, managerial decisions, forecasting of enterprise development.
30
Rudić, Željka, Goran Nikolić, Dragiša Stević, Mile Božić, Ksenija Mačkić, and Svetlana Potkonjak. "Achieving sustainable irrigation development in agricultural areas of Serbia with limited water resources." Outlook on Agriculture 48, no. 2 (February 18, 2019): 126–35. http://dx.doi.org/10.1177/0030727019831019.
Full textAbstract:
Irrigation has contributed significantly to poverty alleviation and food security; however, the sustainability of irrigated agriculture is being questioned both economically and environmentally. Agriculture is the economic sector where most water is consumed, but the lowest price is practised. This article presents an interdisciplinary approach to selecting and prioritizing infrastructure, by differentiating water sources for irrigation, in the case of two complex irrigation systems. Comparative analysis was undertaken for major hydrological, hydraulic, hydrotechnical and economic parameters in order to estimate a long-term water supply for irrigation. In the case of complex irrigation water supply systems, differentiating the ‘subsystems’ per water source and allowing their separate development require less investment and give a better chance for the project implementation. The average calculated investments in basic irrigation infrastructure were in a wide range, from EUR3327 to 10,103 ha−1, depending on anticipated water source (impoundments, groundwater and rivers). Economic water price also varied widely, EUR0.09–0.30 m−3, depending on the water source for irrigation.
31
Faltinsky, Rudolf, and Galina Tokunova. "Information technologies and construction sector: Why construction loses competition for innovations to other industries?" SHS Web of Conferences 44 (2018): 00033. http://dx.doi.org/10.1051/shsconf/20184400033.
Full textAbstract:
Over the last 10 years investments into innovation made at the beginning of 2000s resulted in significant growth not only in separate industries but in global economy as a whole. The development of digital technologies significantly reduced the costs of advance technologies, which made them affordable to a wide range of consumers. Using new tools and methods for interaction of social and economic subjects became a real accelerator of rapid growth for some industries such as media, information and communication technologies or finances. However, no significant innovative changes occur in the construction sector despite a generally acknowledged important role in the economy of both separate countries and in global economic processes. The article considers the factors that have an effect on the digital transformation of construction industry, the peculiarities and problems of this process.
32
Trembecka, Anna. "Analysis of geodetic and legal documentation in the process of expropriation for roads. Krakow case study." Geodesy and Cartography 62, no. 1 (June 1, 2013): 67–84. http://dx.doi.org/10.2478/geocart-2013-0004.
Full textAbstract:
Abstract Amendment to the Act on special rules of preparation and implementation of investment in public roads resulted in an accelerated mode of acquisition of land for the development of roads. The decision to authorize the execution of road investment issued on its basis has several effects, i.e. determines the location of a road, approves surveying division, approves construction design and also results in acquisition of a real property by virtue of law by the State Treasury or local government unit, among others. The conducted study revealed that over 3 years, in this mode, the city of Krakow has acquired 31 hectares of land intended for the implementation of road investments. Compensation is determined in separate proceedings based on an appraisal study estimating property value, often at a distant time after the loss of land by the owner. One reason for the lengthy compensation proceedings is challenging the proposed amount of compensation, unregulated legal status of the property as well as imprecise legislation. It is important to properly develop geodetic and legal documentation which accompanies the application for issuance of the decision and is also used in compensation proceedings.
33
Kokashvili, Nino, and Irakli Barbakadze. "Does Polarized Political Environment Hamper Foreign Investors? The Evidence from Parliamentary Democracies." Scientific Annals of Economics and Business 67, no. 1 (March 2020): 45–73. http://dx.doi.org/10.47743/saeb-2020-0004.
Full textAbstract:
The socio-political characteristics of the host environment influence investment decisions. The complexity of the political setup strengthens the need for advanced research in the field. The main contribution of this article is to identify the party polarization as a separate dimension of the political system. This paper examines the relationship between the foreign direct investment (FDI) inflows and the host country political factors: the party polarization and the political stability. Besides constructing the political polarization index in a traditional way, authors also formulate a novel measure, which explicitly shows the divergence of political parties on economic actions. By using the manifesto data of 50 parliamentary democracies based on fixed effects model, authors conclude that political polarization is an important socio-political factor which has been previously neglected in literature while addressing the determinants of foreign investments. The paper shows that the effect of political polarization on FDI inflows changes for country groups of different institutional and development indicators. Authors underline the importance of political instability in tackling the polarization impact on capital flows. Accounting together the two variables, the authors find a negative significant effect on FDI.
34
Vasilyeva, Elena, and Yuri Krupnov. "Development of the methodological approach to the comprehensive assessment of the innovative project effectiveness." E3S Web of Conferences 164 (2020): 10037. http://dx.doi.org/10.1051/e3sconf/202016410037.
Full textAbstract:
Industries are able to have the considerable impact on the environment. In this regard in modern conditions, when environmental friendliness is so relevant, the considerable attention is paid to the innovative development of the industrial enterprises. But investments into innovations in turn demand the careful analysis of the innovative projects. According to the authors, the methods, widespread in practice of the investment projects assessment can be used for the assessment of innovative projects in industries, but they need some adaptation. Besides, the majority of techniques of assessment consider only separate criteria of the selection of projects for realization. But the specifics of innovative projects demand another approach; they demand a complex research of appeal of the innovative project, including not only financial performance, but also technical quality, environmental safety, economic and budgetary effectiveness, social effect, risk analysis and also the analysis of reliability and appeal of the enterprise, initiating the project. Thus, the purpose of this article was to present the algorithm of the complex analysis of the innovative project. The received results and the made recommendations can be used by potential investors as a technique of assessment of the investment attractiveness of the innovation projects in the industry.
35
Chen, Shimin, Bin Srinidhi, Lixin (Nancy) Su, and Jamie Y. Tong. "The separate and joint effects of the market for corporate control and board effectiveness on R&D valuation." Australian Journal of Management 43, no. 2 (August 17, 2017): 203–24. http://dx.doi.org/10.1177/0312896217718891.
Full textAbstract:
This study finds that stronger market control (measured as fewer anti-takeover provisions) and more effective boards (measured as boards that are more independent and for which independent directors have more outside directorships) are both associated with higher R&D valuation. Furthermore, stronger market control (more effective board governance) is associated with higher R&D valuation only in the presence of weaker board governance (market control). Taken together, the results are consistent with the interpretation that both the market for corporate control and effective boards mitigate agency conflicts arising from R&D investments and improve the market valuation of R&D. Furthermore, the two mechanisms act as substitutes in doing so. JEL Classification: G34, G32, M41
36
Ray, Achintya, and Malcom Getz. "Excess Capacity and the Economics of Public Transit Investment: A Study of a Growing American City." Accounting and Finance Research 7, no. 3 (June 13, 2018): 119. http://dx.doi.org/10.5430/afr.v7n3p119.
Full textAbstract:
Declining ridership in public transport weakens the case for investments in expanded service or large investments in public transit infrastructures. Our study documents the decline in public transit ridership in Nashville, Tennessee, USA. Using data from Federal sources for 2002-2018 we document the influence of higher numbers of hours of bus service, employment, and, gasoline prices on public transit ridership. We find a surprising negative relationship between ridership and miles of bus service provided. Given the several control variables in the model, quadratic trend estimates inform us that peak ridership occurred in 2007 and the seasonally adjusted ridership might be falling since then. A second regression for the period after the great recession of 2008-09 gives a similar result regarding the declining ridership. Falling ridership in Nashville matches downward trends in other cities around the country. A major contribution of our study lies in the identification of separate roles for hours and miles of bus service. Using that insight, we decompose the time series while incorporating a quadratic trend to account for relative changes in the slope over time. Evidence of an underlying downward trend in ridership challenges the value of making large scale investments in transit capacity especially in the presence of increasing excess capacity.
37
Lisnichuk, O. "Organizational and financial features of business clusters formation." Fundamental and applied researches in practice of leading scientific schools 28, no. 4 (September 1, 2018): 74–79. http://dx.doi.org/10.33531/farplss.2018.4.14.
Full textAbstract:
The article describes the organizational and financial characteristics of business clusters formation in Ukraine and European countries. The author came to the conclusion that the cluster is a territorially limited system of enterprises, which provides a cycle from production to the sale of products, within which there are: enterprises of the main production, enterprises and organizations, serving the main production, financial organizations, as well as research institutions, which provide innovative development. The author also concluded that in Ukraine the clustered form of organization of the economy has not yet become sufficiently applied and disseminated. There are no perfect investments and innovation mechanisms for the formation and functioning of clusters, financial mechanisms of state regulation of their activities are ineffective. This includes, in particular, financing, direct financial assistance, subventions, subsidies, etc. The main components of the state economic policy - monetary, tax, depreciation and investment (especially in the field of foreign investment in the border regions attracting) - still do not perform functions of regional development stimulators. In general, the formation of clusters in Ukraine is slow because the proper state policy is not implemented. A separate complexity is the need to provide conditions for the effective development of small business. As it was already mentioned in this paper, the cluster association becomes the center of concentration of investment funds, which affects the formation of the investment strategy of the enterprises members of the cluster. Within the investment strategy, enterprises form investment portfolios in the direction of the sources of attraction or in the direction of investment of these funds.
38
Marszał, Tadeusz, and Agnieszka Ogrodowczyk. "Research Directions and Achievements of Polish Geography of Construction." Studies of the Industrial Geography Commission of the Polish Geographical Society 32, no. 4 (November 27, 2018): 135–48. http://dx.doi.org/10.24917/20801653.324.8.
Full textAbstract:
Although the second half of the 20th century is the period of development of economic geography in Poland, in the first post-war decades geography of construction did not function as a separate geographical subdivision. More significant development of spatial research in this field was brought about a quarter of a century ago. In the article devoted to the problems of geography of construction in Poland, the subject scope, main directions of research and the achievements of this sub-discipline are discussed. Geography of construction is a branch of economic geography, which examines spatial aspects of construction and assembly ‘production’, with special attention to spatial organisation of investment processes, as well as conditions and effects of location and spatial structure of construction investments. The literature review allows for isolating the main directions, among which the following can be listed: conditions for the development of construction of different functions, also in the context of the accompanying phenomena (e.g. in the social sphere), location factors and effects of construction investments, as well as research devoted to the spatial structure of construction projects and their links with geographical environment. Research topics of geography of construction are part of the spatial processes within the interests of other geographic sub-disciplines, as well as of related social, economic and even technical disciplines. The achievements of Polish geography of construction of the last quarter of a century are important from the point of view of a better recognition of the conditions and course of the socio-economic transformation in Poland in different contexts and different spatial scales.
39
Chudinovskikh, Marina Vyacheslavovna, and Yuliya Viktorovna Kuvaeva. "Regulation of the model types of crowdfunding: China's experience and its applicability in Russia." Финансы и управление, no. 2 (February 2021): 15–28. http://dx.doi.org/10.25136/2409-7802.2021.2.34030.
Full textAbstract:
This article is dedicated to assessment of the experience of regulation of crowdfunding market in China, as well as its applicability and adaptation in Russia. The key goal consists in conducting a comparative analysis of the approaches towards regulation of crowdfunding in China and Russia. The relevance is define by enactment of the law of August 2, 2019. N.259-FZ “On Attraction of Investments via Investment Platforms and On Introducing Amendments to Separate Legislative Acts of the Russian Federation”. The research is based on the international and Russian statistical data, conceptual reports of the International Organization of Securities Commissions (IOSCO), Cambridge Center for Alternative Finance, and the Bank of Russia. The conclusion is made that it is China that China holds the leading position in the world crowdfunding market. Most widespread in China is Peer-to-peer (P2P) lending via digital platforms. The absence of special regulation led to an investment boom that lasted until 2017, followed by the bankruptcy of a multiple platforms and projects. Strengthening of the state control entailed reduction in alternative financing. The authors formulate recommendations for improving the regulatory approaches towards crowdfunding. The use of RegTech and SupTech technologies is considered as promising direction.
40
Kleszcz, Agnieszka. "Investment in research and development in the ICT sector by top European Union companies." Wiadomości Statystyczne. The Polish Statistician 65, no. 12 (December 31, 2020): 25–46. http://dx.doi.org/10.5604/01.3001.0014.5729.
Full textAbstract:
Multiple studies have shown that Information and Communication Technology (ICT) has boosted the growth of the global economy and improved the quality of life. At present, a significant proportion of innovations and new patents are held by companies operating in the ICT sector. This study has two primary aims. The first of them is an analytical comparison of industrial investments in research and development (R&D) in ICT-related companies in various countries from the European Union. The second is to examine the relationship between these investments and each country’s digital performance illustrated by the Digital Economy and Society Index (DESI). The main contribution of this paper is a proposal of a means to determining the quantitative relationship between R&D and DESI as well as the identification of the most important DESI component. The author focuses on the largest R&D investors from a list of 1,000 companies, created on the basis of data published by the Economics of Industrial Research and Innovation (IRI), covering the years 2013–2019. Both variables (DESI and R&D) have a clear joint group structure found by Ward’s hierarchical clustering. Furthermore, an exponential law was identified predicting an increase of 18% in R&D expenditure when a 1 percentage point growth in DESI is observed. Among all the components of DESI, the applied random forest model proves human capital is the most important factor attracting R&D investments. Moreover, a separate analysis of R&D relating to the analysed companies showed a growing trend in R&D investments with its predicted value reaching over 46 billion euro in 2021.
41
Zaręba, Piotr, and Monika Chwedorczuk. "Impact of Public Investments on the Local Development of the Sarnaki Commune in the Years 2014-2020." Economic and Regional Studies / Studia Ekonomiczne i Regionalne 14, no. 2 (June 1, 2021): 187–208. http://dx.doi.org/10.2478/ers-2021-0013.
Full textAbstract:
Abstract Subject and purpose of work: The aim of the work was to show the impact of the implemented public investments and development projects on the local development and the changes that occurred, as well as on the living conditions of the inhabitants of the Sarnaki Commune in 2014- 2020. The research problem of the study was to show the role and the nature of the investments made by the commune in the area of local development. The assumed hypothesis states that the investments implemented in the Sarnaki Commune in the period 2014-2020 have led to the socio-economic development of the commune. Materials and methods: The publication used Polish literature concerning local investments, local development and local government, statistical data and an analysis of the documentation related to the investments obtained from the Sarnaki Commune Office. In order to achieve the aim of the study, a survey was carried out among a deliberately selected group consisting of the representatives of the commune office (commune administrator, secretary, and treasurer), the councilors (legislative authority) and the village leaders (opinion-forming authority) of the Sarnaki commune. A particularly important group included the village leaders, that is the representatives of the local community who are the closest to social developmental problems and are impartial in issuing their opinions. A separate research group consisted of social representatives who were elected in democratic elections by the inhabitants, and who are closely related and knowledgeable about social and economic matters. Some information was also collected from the employees of the commune office. Results: The conducted analyses and the research show that the implemented public investments in the commune studied had the most positive impact on the technical infrastructure in which the most funds were invested. They had the most impact on the access to sports and recreation facilities, road and water infrastructure, as well as on the state of the natural environment and the aesthetics of the surroundings. On the other hand, they had the least impact on the employment opportunities in the commune, access to housing infrastructure and public safety. Conclusions: The investments carried out in the period 2014-2020 in the Sarnaki Commune led to the socio-economic development of the commune, and, as a result, to positive changes, both quantitative and qualitative, in the local development as well as in the living conditions of the inhabitants.
42
Park, Sungbeen, Sujin Song, and Seoki Lee. "How Do Investments in Human Resource Management Practices Affect Firm-Specific Risk in the Restaurant Industry?" Cornell Hospitality Quarterly 58, no. 4 (April 21, 2017): 374–86. http://dx.doi.org/10.1177/1938965517704532.
Full textAbstract:
Despite the importance of achieving a competitive advantage in human resources in the restaurant industry, restaurant firms often hesitate to make significant investments in human resource management (HRM) practices because of outcome uncertainty, operational issues, and limited financial resources, among other issues. Building upon the strategic human resource management (SHRM) literature, the current study attempts to better understand the HRM issues in the restaurant industry and investigate the effects of HRM practices on a firm’s risk. More specifically, we explore the separate effects of positive and negative HRM practices on firm-specific risk (i.e., unsystematic risk) in the restaurant industry. Our findings demonstrate that positive HRM practices have a nonsignificant relationship with firms’ unsystematic risk, but negative HRM practices have an inverted U-shaped relationship with unsystematic risk, supporting the stakeholder theory, theory of desensitization, and slack resource theory.
43
Dahiya, Deepak, and Saji K. Mathew. "IT assets, IT infrastructure performance and IT capability: a framework for e-government." Transforming Government: People, Process and Policy 10, no. 3 (August 15, 2016): 411–33. http://dx.doi.org/10.1108/tg-07-2015-0031.
Full textAbstract:
Purpose Although government investments in IT is growing, it is unclear how and what kind of IT investments lead to desirable E-Government performance. Several studies pertaining to the business value of IT have developed and tested frameworks for IT infrastructure, IT capability and business performance. However, E-Government-related IT investment outcomes cannot be measured by profits and hence requires a separate investigation. E-Government research using theoretical approach has been reported as very scarce in previous studies. This research aims to bridge the gap by developing a model to study IT infrastructure capability and E-Government performance in the emerging context of new IT service delivery models. Design/methodology/approach This paper follows a case study method in this research with a priori conceptual framework. The data were collected following an interview method used for deductive theory building. Findings The results identified a positive relationship between IT assets and IT infrastructure performance in the presence of service delivery channels and an anticipation of a positive influence of infrastructure performance variables on IT capability which in turn shows positive effect on E-Government performance. Research limitations/implications Because the study followed a qualitative approach, the findings from this study are not useful for statistical generalization. However, the analytical framework provides sufficient ground to test E-Government performance. Practical implications The study provides insights in the choice of IT infrastructure elements fitting an E-Government strategy. Social implications This study provides an integrated framework for measuring E-Government performance, thereby making deployment of IT infrastructure accountable both in terms of IT performance and IT capability. This in turn will lead to improvement in citizen services. Originality/value This paper builds on the existing literature on IT assets, IT infrastructure performance, IT infrastructure capability and applies to the E-Government domain.
44
Vancin, Daniel Francisco, and Guilherme Kirch. "Profit distribution and regulation: the impact of mandatory dividend in corporate internal funding." Revista Contabilidade & Finanças 31, no. 84 (December 2020): 524–41. http://dx.doi.org/10.1590/1808-057x201910000.
Full textAbstract:
ABSTRACT The purpose of our research is to verify the impact of mandatory dividends on Brazilian publicly traded companies, focusing on both the value of cash holdings and the impact on corporate investment. Our work aims to reach the research objective making significant improvements over the previous works on the subject. First, we separate firms according to their dividend status. Second, in addition to investment regressions, we use the value of cash approach to test the impact of mandatory dividend on corporate financial decisions. Finally, our manual data collection makes it possible to allocate the dividend distributed to its reference period. Considering our context, where sources of financing are expensive and scarce, evidences obtained by the present research has great relevance. The law aims to protect the minority investor against the expropriation of resources. However, in dealing with all cases equally, legislation ends up harming companies that rely on these resources for their financing, thereby damaging their shareholders. This article brings new evidences, from an innovative approach, on factors affecting the availability of resources and its impact on the value of cash and on corporate investment in Brazil. We analyzed a sample of 1,654 dividend distributions from 2008 to 2015, using investment and firm value regressions. Our results indicate that companies paying just the minimum dividend have higher value attached to an extra unit of cash, corroborating our view that those companies will likely use these resources to fund future profitable investments. We also find that mandatory dividend has a negative impact on investment, but only for companies paying dividends above the minimum, contrary to our expectations. We argue that the marginal value of cash approach is a more effective way to test the impact of regulation on corporate financial decisions and this last evidence may be the result of endogeneity problems in investment regressions.
45
Gemueva, K. A. "Chinese Investment in Transport Infrastructure in the EU: a Stimulus for Development of Bilateral Trade?" Outlines of global transformations: politics, economics, law 12, no. 6 (December 30, 2019): 152–69. http://dx.doi.org/10.23932/2542-0240-2019-12-6-7.
Full textAbstract:
Under the Belt and Road Initiative, particular importance is attached to transport networks development projects, including the creation of optimal transport routes and reorientation of existing supply chains based on the interests of China. This implies the active participation of Chinese companies in investing, financing and implementing projects in the field of transport infrastructure. The article examines the impact of Chinese investment in EU transport infrastructure facilities on the volume of freight traffic between China and the EU through these facilities. Most of the real Chinese investment are directed to the development of port facilities. European airports are also of great interest to Chinese investors, however, under the influence of many factors, only a few projects are successful. China is making significant efforts to establish direct rail links with EU countries. Nevertheless, the share of this type of transport is not yet comparable with freight turnover by sea and air, and future development is limited by a number of factors. Currently, COSCO’s investment in the Greek port of Piraeus is the only example of a significant increase in cargo turnover between China and the EU through an infrastructure under control, however, some ongoing projects could potentially repeat the success of COSCO in the near future. The author concludes that the approaches of the Chinese leadership to the transport infrastructure development are varied. Failures in the implementation of separate projects and the cautious attitude of Brussels towards Chinese investments do not stop China’s planned efforts focused on the long term perspective.
46
Nabilou, Hossein. "Can the Plight of the European Banking Structural Reforms be a Blessing in Disguise?" European Business Organization Law Review 22, no. 2 (February 22, 2021): 241–81. http://dx.doi.org/10.1007/s40804-021-00206-2.
Full textAbstract:
AbstractOne of the problems perceived to be at the heart of the global financial crisis was an amalgamation of various commercial and investment banking activities under one entity, as well as the interconnectedness of the banking entities with other financial institutions, investment funds, and the shadow banking system. This paper focuses on various measures that aim to structurally separate the banking entities and their core functions from riskier financial activities such as (proprietary) trading or investments in alternative investment funds. Although banking structural reforms in the EU, the UK, and the US have taken different forms, their common denominator is the separation of core banking functions from certain trading or securities market activities. Having reviewed the arguments for and against banking structural reforms and their varieties in major jurisdictions, including the EU, UK, US, France, and Germany, the paper argues that a more nuanced approach to introducing such measures at the EU level is warranted. Given the different market structures across the Atlantic and the lack of conclusive evidence of the beneficial impact of banking structural reforms, the paper concludes that the withdrawal of the banking structural reforms proposal by the European Commission has been a prudent move. It seems that in the absence of concrete evidence, experimenting with structural reforms at the Member-State level would be less costly and would provide for opportunities for learning from smaller experiments that could pave the way for a more optimal approach to banking structural reforms at the European level in the future.
47
Fonrouge, Cécile, Christophe Bredillet, and Charles Fouché. "Entrepreneurship and project management relationships." International Journal of Managing Projects in Business 12, no. 1 (March 4, 2019): 6–24. http://dx.doi.org/10.1108/ijmpb-01-2018-0013.
Full textAbstract:
Purpose Both project investments and entrepreneurial ventures are considered powerful catalysts of economic prosperity and social progress. But these ventures and investments come with their inherent challenges and risks. Observing this situation, academics have paid close attention to the fields of entrepreneurship and project management (E&PM). Thus, for over 30 years, the two fields have witnessed remarkable developments among management and organization studies. The historical perspective reveals that these two multidisciplinary fields were built in parallel, on very distinct mindsets and cultures. The purpose of this paper is to offer a wider dialogic conversation between two distinct perspectives and related propositions: E&PM should stay separated; and E&PM should converge. Design/methodology/approach In order to guide the investigation of these propositions, the authors call for Luhmann and a systemic-discursive perspective of both fields discourses. Ultimately, the purpose is to contribute to the debate surrounding the following questions: are E&PM fields so far from each other, and thus, irreconcilable? And, if so, is it so good? Findings Finally, the authors will suggest that E&PM may stay far from each other as they do not share similar discourses and codes. This may be a good state of affairs, however, as distance generates a fruitful creative tension between them. Originality/value While many researchers focus on linking E&PM, arguing that they largely agree as to their underlying goal, the paper aims to offer a wider dialogical conversation between the two distinct perspectives and their related propositions: E&PM should stay separate; and E&PM should converge. In order to do so, this paper calls for a Luhmannian and a systemic-discursive perspective.
48
Шишкин and Andrey Shishkin. "The system of program management of the innovation component of industrial production in the regional economic complex." Economics 1, no. 5 (December 3, 2013): 47–53. http://dx.doi.org/10.12737/1737.
Full textAbstract:
It considers the concepts associated with the system software of management
of innovative projects. Analyzed different approaches, management at different
levels. The characteristic of a program-target approach in project management.
Given the characteristics of the stages of the project. A scheme of the decision
on implementation of the innovation project. Analyzed in a quantitative method
of identification of investments for realization of the innovative project.
Characterized separate stages of the business plan of the innovative project.
Formed table of indicators of efficiency of the innovative project.
Recommendations on the formation of a formal model of the decision on the
implementation of the innovation project.
49
Sobolev, Andrey, and Dmitriy Poptsov. "The Measures of State Support for the Development of Electric Vehicles in Germany." Scientific and Analytical Herald of IE RAS 20, no. 2 (April 30, 2021): 93–99. http://dx.doi.org/10.15211/vestnikieran220219399.
Full textAbstract:
The development of electromobility is currently the focus of the government of the Federal Republic of Germany. To stimulate the transition to new types of environmentally friendly and climate-neutral transport, various measures of financial support are used – both direct payments and tax preferences. A separate area of work is the introduction of modern charging infrastructure. Much attention is paid to building up research and development competencies in these areas. The article provides an overview of the main support measures in force for electromobility in Germany. It is concluded that the transition to climate neutral transport is possible with a combination of both direct financial incentives and large government investments in new charging infrastructure.
50
Ershov, Vitalii F. "FINANCIAL POLICY OF THE USA AND CANADA IN THE POST-SOVIET SPACE AT THE BEGINNING OF THE 21ST CENTURY (THE CASE OF THE EURASIAN ECONOMIC UNION MEMBERS)." RSUH/RGGU Bulletin. Series Eurasian Studies. History. Political Science. International Relations, no. 2 (2021): 10–27. http://dx.doi.org/10.28995/2686-7648-2021-2-10-27.
Full textAbstract:
The paper deals with the development of financial and economic relations of the United States and Canada with post-Soviet states in the context of geopolitical processes in the Eurasian space. The author analyzes the nature of the North American investment capital impact on the internal development of the countries of Eurasia and on the dynamics of Eurasian integration. The paper highlights the most important events in the field of economic diplomacy of the United States and Canada, dynamics of volumes and sectoral focus of North American investments in the Eurasian region. A distinctive feature of the United States and Canada investment policy in the post-Soviet space is its politicization, its involvement in the global geopolitical projects of the West of the 21 st century. American business is most active in the countries of Eurasian Economic Union that already have developed the market institutions – Re- public of Belarus, Republic of Kazakhstan, Republic of Armenia, but it also acts in the Central Asia countries interested in attracting foreign capital. The work focuses on an analysis of the development of financial and economic rela- tions of the United States and Canada with post-Soviet states by the example of the Eurasian Economic Union members – Republic of Armenia, Republic of Belarus, Republic of Kazakhstan and Kyrgyz Republic (except of Russian Federation, whose relationship with the United States and Canada should be the subject of a separate study).