Investment Activity of Insurers and the State Economic Growth

Kaigorodova, G. N.; Alyakina, D. P.; Pyrkova, Guzel Kharisovna; Mustafina, A. N.; Trynchuk, Viktor

doi:10.14254/1800-5845/2018.14-4.8

Cited by 14 publications

(10 citation statements)

References 16 publications

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“…The approach to risk management is also changing, which is increas-ingly based on early warning systems, which enable the threat to be identified and appropriate remediation processes to be initiated at the right moments, thus allowing an improvement of the situation as soon as possible. The effectiveness of the actions largely depends on the factors affecting the risk and sources of their origin (Kaigorodova et al, 2018). The research allowed an identification of a catalogue of key types of risk related to both problems that may appear in the internal and external environment of the entities (see Figure 1).…”

Section: Hierarchy Of Types Of Risk Experienced By Entrepreneursmentioning

confidence: 99%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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Research background: The risk management process is a key element in running a business. Moreover, it is basically one of the basic and most important internal processes in any company, regardless of its size. However, due to the extremely important role played by small and medium-sized enterprises in the economy, the problem of proper management of endogenous and exogenous risks becomes particularly important. Purpose of the article: The article aims to show the importance of risk management in the operations of modern enterprises in the SMEs sector and the attitudes of entrepreneurs towards key business risks. Methods: The research was based on data on 332 enterprises from the SMEs sector operating in Poland. The data was collected using the CSAQ method in the period from 12 of November 2019 to 9 of March 2020. The distribution of risk assessment in the studies was analysed using Tau Kendall statistics, while the risk management index was created by examining the attitudes of entrepreneurs towards individual risk factors. Findings & Value added: The results of the survey showed that three-quarters of enterprises did not manage risk in a formalized way and that decision-makers in enterprises often paid too little attention to the issues related to managing different types of risk. The article should, therefore, draw the attention of managers to the need to build appropriate procedures to enable effective risk management that creates opportunities for the safe operation of the enterprise. The added value of the work is a detailed analysis of the management of individual types of endogenous and exogenous risks, as well as an indication of what features of enterprises affect the effectiveness of actions taken in the field of controlling these risks. Research is valuable because of the small amount of studies that links managers' approaches to risk management with actual risk management effectiveness.

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Section: Hierarchy Of Types Of Risk Experienced By Entrepreneursmentioning

confidence: 99%

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Dankiewicz

Ostrowska-Dankiewicz

Bulut

2020

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“…The studies showed that non-price criteria were used to purchase goods, which required the use of price criterion only by the law. No risk indicator is monitored (Merlo et al 2013, p. 446;Xue et al 2018;Pyrkova et al 2018, p. 122;Kaigorodova et al 2018;Glonti et al 2019, p. 126;Vinogradova et al 2019). The law of Ukraine stipulates that non-price criteria can be used only in the case of complex or specialized procurement, and in the case of the procurement of goods, works and services produced, performed or provided not for a separately developed specification (technical design)-only the price is a permanent market for them.…”

Section: Int J Financial Stud 2020 8 X 5 Of 16mentioning

confidence: 99%

Section: Int J Financial Stud 2020 8 X 5 Of 16mentioning

confidence: 99%

Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

Baranovsky

TKACHENKO

Glonti

et al. 2020

IJFS

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Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capitals—natural, human, social, and economic—on sustainable well-being over time. Ukraine is a country with a very low gross domestic product (GDP) per capita, which exacerbates the problem of the impact of public procurement results on the population’s welfare. Ukrainian public procurement legislation allows customers to apply non-price criteria (the share of non-price criteria cannot be more than 70%), which, together, are taken into account in the formula of the quoted price. The studies show that the effect of the use of non-price criteria depends on the relevance of the method of the evaluation of non-price criteria. The most important non-price criteria for Ukrainian customers by product categories and the methods of their evaluation are analyzed according to the Bi.prozorro.org analytics module. Therefore, it is concluded that the quoted price method, which is used in Ukrainian practice, is not relevant in comparison with the method used in the EU. A survey of the government buyers on the practice of applying non-price criteria was conducted, and the areas of their use were identified.

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“…Among other studies offering econometric models for the variables in question, one can also mention Dougherty, (1992), Goldberger (1990), Greene (1993), Pindyck and Rubinfeld (1991), Simionescu et al (2016), Korauš et al (2017), Kasperowicz (2014), Kaigorodova et al (2018), Fashina et al (2018).…”

Section: Introductionmentioning

confidence: 99%

Forecasting and management of gross domestic product

Oliinyk

Kozmenko

2019

Journal of International Studies

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Given that in order to predict the economic growth of a country, the dynamics of its GDP should be considered, and the forecast itself should be made taking into account the difference between actual and estimated figures, the article discusses the problems of GDP management and its optimal distribution. The use of averages to determine economic parameters is also analyzed. The correspondence of the regression formula and the Cauchy boundary value problem is considered. The problem of managing the GDP components to obtain the necessary characteristics of GDP growth is solved using Pontryagin Maximum Principle. As an example, several options of the optimal GDP distribution (constant prices, national currency) for China in 2016-2020 are considered. Numerical results are reported and adjusted for the discount factor. Based on the calculations, it is shown that in 2017-2018, GDP increases and in 2019-2020 it decreases.

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Investment Activity of Insurers and the State Economic Growth

Cited by 14 publications

References 16 publications

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

The attitudes of entrepreneurs of the small and medium-sized enterprises sector in Poland to key business risks

Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

Forecasting and management of gross domestic product

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