Globalization causes large-scale changes in technological, economic, political and social fields of social development. These changes have a contradictory impact on the development of national economies and their competitiveness. Ceteris paribus, there is a tight interrelation between country's economic competitiveness and a rate of its economic growth: the higher the rates of economic growth in the country, the bigger chance for growth in its national competitiveness and vice versa. Various indicators can be used characterize and estimate a country's competitiveness, with parameters featured in the Global Competitiveness Index (GCI) playing a special role. This index is to some extent abstract, and provides only general idea about the type competitiveness formation of a country. It does not allow estimations regarding trends in economic development, as it aggregates 114 indicators which have multidirectional impacts. The key characteristic of national economic competitiveness is a particular country's ability to achieve steady high growth rates (World Economic Forum). For this reason, we suppose that the one of the main indicators of competitiveness level is GDP per capita, a factor reflects consumption volumes per capita and is highly correlated with the welfare level in the country. The purpose of this research is a comparative analysis of the competitiveness of the Ukrainian economy along with the population's standard of living with that of other countries, along with the reasoning for the assumption that economic growth rates are necessary for Ukraine to achieve the competitiveness level of other developed countries. We argue that Ukraine and other countries with an average income of 8000-9000 US dollars GDP per capita (PPP) annually should ensure an annual relative growth acceleration of at least 8% to achieve the level of economic development of more highly developed countries.
The issues of improving corporate governance as a social interactions system are a management task that is quite complex and urgent. The authors devoted their research to the problems of improving corporate governance as a system of social interactions. The authors studied legislative norms, analyzed the social essence of corporate governance, objective and subjective factors, gave a comparative description of the progressive global models of corporate governance, and the Ukrainian model. To formulate relevant proposals, the authors surveyed 174 respondents, to study whose interests, in their opinion, are primarily implemented in corporations. The generalization of the existing approaches of modern economic theory and practice to understanding and defining the essence of corporate governance made it possible to form a methodology of corporate governance as a system of social interactions, which was positively assessed by the respondents and which will strengthen trust in the company and contribute to the creation of value in the interests of shareholders, employees and other stakeholders, which will lead to an increase in its value of the company by increasing its competitiveness, efficiency and growth. However, in the study, possible obstacles arose, which will be studied in more detail in further investigations by the authors.
The purpose of the research is a complex of theoretical and applied provisions on the formation, evaluation, and improvement of the methodology of evaluation of the investment attractiveness of enterprises. Methodology. In the process of research, the following methods were used: methods of comparison, analysis and synthesis is used in determining the features of conceptual approaches to the concept of investment attractiveness of an enterprise and the formation of the author’s definition of this category; method of diagnostic evaluation is used in the evaluation of existing models for analysing the investment attractiveness of enterprises; method of expert evaluation is used for the building of flexible limits of levels of investment attractiveness of the enterprise; methods of system and structural analysis is used for developing the basic elements and the general structure of the model of interpretation of the method of graphical integration; the method of graphic integration is used within the construction of graphs of investment attractiveness of enterprises A and B. The aim of the study is to justify of the approach to create a model that can justify of the feasibility of investing and determine the factors and conditions of investment attractiveness of the enterprise for different participants of the investment process. The findings of the study. The results of the research suggested an improved definition of the concept of investment attractiveness of the enterprise, which took into account the following disadvantages of existing approaches to the present essence of the concept: the investment attractiveness of the enterprise is often associated with the system of financial and economic indicators of the activity of enterprise, while not taking into account also an important social and psychological factor, since the very name of the term “investment attractiveness of the enterprise” includes the social-psychological element in the form of the concept of “attractiveness”, which is widely used in economic literature; the subjective view of the potential investor on the fact that the object being considered for investing to satisfy the investor’s expectations regarding the economic or social effect is significant. This aspect is key in determining of concept of investment attractiveness of the enterprise, when choosing an investor of an enterprise to invest its capital for the purpose of investing; it is necessary to achieve consistency and symbiosis between the evaluation of financial and economic, socio-psychological, industrial, innovative, environmental and other factors, which in the complex form the investment attractiveness of the enterprise; using the expression “high level of profitability on investment with minimal risks” is partially incorrect in some definitions of the investment attractiveness of the enterprise since obtaining high profits involves a certain level of risk and each investor knows about this; the importance of increasing the investment attractiveness of the enterprise has the level of involvement of innovation in the activities of the enterprise in the frames of use of investment capital; the targeting of almost all definitions only on high financial and economic indicators, which, depending on the situation, are not always correct. A complex system of indicators for evaluation of the investment attractiveness of an enterprise is proposed, consisting of six groups of indicators (market position, property complex, profitability, financial stability, risks, innovative potential), each of which includes six coefficients determining the level of investment attractiveness for this group. The features and advantages of this system of indicators are: complexity and complementary to standard methods with indicators of the level of investment risk and innovative potential of enterprises; standardization of indicators; unidirectionality of indicators; Flexibility of the recommended limits for each coefficient. The method of graphical integration of the investment attractiveness of the enterprise, which has several advantages over other methods, proposed in the scientific literature, is offered because: it is a combination that includes the advantages of an integral method, as well as a market, and partially matrix method; it allows quantifying various aspects of economic activity of the enterprise by the elementary calculation of a certain number of coefficients; it does not require significant time to spend on the evaluation; it has a mathematical justification since the final indicators for comparing the investment attractiveness of several enterprises are calculated using the numerical integration method; it has the flexibility of determining the level of investment attractiveness of an enterprise by incorporating into the methodology in accordance with the socio-psychological component of the concept of investment attractiveness and the interests of the investor; gives a visual interpretation of the results of investment attractiveness assessment.
The purpose of the article is to analyze the impact of the openness of a company to stakeholders on the effectiveness of the business model of the enterprise. The hypothesis. We believe that conducting a socially responsible business, i.e., disclosing non-financial information about the activities of enterprises, leads to the improvement of their financial indicators and is therefore evidence of a more effective implementation of their business models. Methods of the study. The following methods were used in the study: analysis and synthesis, comparative, induction and deduction, scientific abstraction, decomposition and logical generalizations in the analysis of scientific literature; computational–analytical, diagnostic, tabular and economic–statistical methods to assess the effectiveness of the implementation of business models of enterprises; diagnostic, statistical, index, method of expert assessments and rating to assess the corporate sustainability and transparency of enterprises; the use of the method of integrated indicators allowed the grouping of enterprises by classes of efficiency of business models, corporate sustainability and transparency. According to results of the study, it was determined that an effective business model is formed on the basis of maximum transparency and corporate sustainability in conditions of unpredictability and instability of the external environment.
The purpose of this paper is to create an economic-mathematical model for evaluation of effectiveness and competitiveness of agricultural enterprises in all forms of economy of Ukraine in the context of sustainable development. The analysis is based on data from State Statistics Service of Ukraine, study of German system of criteria for sustainable agriculture, as well as rules of agriculture in Germany and Europe "Cross Compliance" and a system of indicators GRI. An economic-mathematical model is developed which serves for comparison of different agricultural enterprises with each other. Research results showed that agricultural enterprises can be competitive in the long run only if they pay enough attention to the impact of their activities on the environment and society.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.