Effect of financial access on cashless economy: The case of Ukraine

Bublyk, Yevhen; Shapoval, Yuliia; Shpanel-Yukhta, Oleksii; Brus, Svitlana

doi:10.21511/bbs.18(1).2023.08

Cited by 5 publications

(3 citation statements)

References 39 publications

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“…Based on this, the demand for natural gas will increase on the territory of the EU, which will further aggravate the issue of energy security. However, there is potential for the development of mining and circling cryptocurrency in Ukraine (Bublyk et al, 2023), but it requires restoration of the energy sector. The volatility of the crypto-assets and energy markets is interrelated.…”

Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrency energy consumption: Analysis, global trends and interaction

Bublyk,

Borzenko,

Hlazova

2023

Environmental Economics

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The rapid spread of cryptocurrencies is one of the most relevant trends today. One of the significant risks of their spread is the increase in energy consumption, which has a negative impact on the environment due to carbon emissions. This requires the development of a scientific toolkit for assessing relationships and predicting the impact of cryptocurrencies on energy consumption, which is the aim of this paper.With the correlational regression analysis, the model of the dependence of spending on IT sector, energy consumption of Bitcoin, Ethereum and global capitalization of the cryptocurrency market was conducted, based on statistical data from Statista.com, Сoinmarketcap.com and International Data Corporation. To check the possible relationship, tests for the adequacy of the results obtained (Fisher’s test, Student’s t-test) confirmed the correctness of coefficients for independent variables.The results showed a significant direct correlation (Multiple R is 95%) of spending on IT sector, energy consumption and global capitalization of the cryptocurrency market. The established relationships allowed predicting that Bitcoin energy consumption may reach 142 Terawatt hours per year in 2026. And its impact on environment by mining in 2022 was at least 27.4 Mt of CO2 emission.As a proposal, a conclusion was made on the expediency of linking mining to the use of certain sources of electricity production, such as “residual” natural gas, nuclear power, renewable energy sources. The obtained results and conclusions may be used as a basis for political decisions in the field of energy efficiency and climate change mitigation.

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Section: Literature Reviewmentioning

confidence: 99%

Cryptocurrency energy consumption: Analysis, global trends and interaction

Bublyk,

Borzenko,

Hlazova

2023

Environmental Economics

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“…A relaxation of the budget constraint occurs when the strict relationship between expenditures and revenues is reduced because another organization, usually the government, pays for the excess of expenditures over revenues (Dudzevičiūtė, 2023;Bublyk et al, 2023). Thus, the budget constraint ceases to constrain decision-makers behavior (Kornai, 1986).…”

Section: Literature Reviewmentioning

confidence: 99%

Soft budget constraints in Polish public healthcare entities

Dobrowolski

Sługocki

Kachniarz

et al. 2023

Public and Municipal Finance

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Although the theory of soft budget constraints is widely presented in the literature, little is known about the factors of soft budget constraints in public hospitals in Poland. This study is relevant because many Polish hospitals struggle with serious debt problems. The study aims to systematise the regulatory and legal provision of soft budget restrictions in the activities of healthcare institutions, particularly public hospitals in Poland, and to assess the impact of these restrictions on their further functioning. An analysis of hospitals’ regulatory and legal activities shows the implementation of various soft budget restrictions. On November 20, 2019, Poland returned to the soft budget constraints, which functioned immediately after the introduction of reforms in the late 90s of the last century. As of 2021, out-of-pocket costs for treatment have decreased to 19.56%, but costs are gradually increasing and in 2020, according to the World Bank, they amounted to 71.89%. The provision of medical services mainly by public hospitals owned by local governments and scattered healthcare debt make it difficult to liquidate an inefficient public hospital in the event of its default. The study proves that the main reason for not eliminating the soft budgetary constraints of hospitals through their commercialization was the inconsistency of the carried out reform of commercialization of hospitals with the financial condition of local authorities. AcknowledgmentThe authors thank the Institute of Economic and Financial Expertise in Łódź for financial support in publishing this paper.

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“…Without strategic awareness, it is impossible to carry out strategic management and business activities. For this reason, first is vital to acquire strategic awareness, which forms the basis of strategic management (Aytar & Selamet, 2021; Alsmadi et al, 2023; Tshivhase & Bisschoff, 2023; Jati et al, 2023;Bublyk et al, 2023). ence this in the external environment.…”

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confidence: 99%

Strategy formulation activities with emphasis on strategic management tools and techniques in Slovak companies

Lesníková

Schmidtová

Cichocka

2023

Problems and Perspectives in Management

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The importance and benefits of strategic management in the business sphere are declared in studies worldwide. It represents an extensive area for research. The purpose of this paper is to evaluate the strategy formulation activities as well as the strategic management tools and techniques used by Slovak companies. Data on 365 manufacturing companies were obtained through an online questionnaire during 2020–2021. Selected methods of inductive statistics helped to analyze the data (the Pearson chi-square test and interval estimates for population proportion). The results show that the potential of analyzed strategy formulation activities is not filled in the Slovak companies. Enterprises only perform certain activities, and attention is focused mainly on setting strategic goals. It prevails a small orientation to sustainable development in strategic goals (only 22% of enterprises). The most used strategic management tools and techniques consist of an analysis of company resources, SWOT analysis, and customer satisfaction. From the point of view of the manufacturing area, no significant differences are defined in the use of the tools. The future management directions should include a variety of strategic management tools from the external environment. At the same time, the given tools should be supplemented with newer strategic tools ensuring flexibility and adaptation to dynamically changing conditions. AcknowledgmentWe wish to thank project VEGA: Scientific Grant Agency of the Ministry of Education, Science, Research and Sport of the Slovak Republic (Project No.1/0093/23 Research on the circular economy potential in the Slovak business environment in the production of innovative products based on recycled materials wood – rubber – plastic).

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Effect of financial access on cashless economy: The case of Ukraine

Cited by 5 publications

References 39 publications

Cryptocurrency energy consumption: Analysis, global trends and interaction

Cryptocurrency energy consumption: Analysis, global trends and interaction

Soft budget constraints in Polish public healthcare entities

Strategy formulation activities with emphasis on strategic management tools and techniques in Slovak companies

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