Hanna Strokovych

Bio: Hanna Strokovych is an academic researcher from Kharkiv National University of Economics. The author has contributed to research in topics: Index (economics) & Investment (macroeconomics). The author has an hindex of 3, co-authored 6 publications receiving 19 citations. Previous affiliations of Hanna Strokovych include University of Kharkiv.

Investment and innovative development of industrial enterprises as the basis for the technological singularity

Abstract: Investment and innovative development of industrial enterprises is driven by the influence on the sensitive indicators of their activity, which characterize technological singularity. Therefore, it ...

Main trends of investment and innovative activity of business entities in the conditions of european integration

Abstract: The subject of the research in the article is the main tendencies of investment and innovation activity of business entities. The purpose of the work is to determine the main tendencies of investment and innovation activity of economic entities at the international, macro and microeconomic levels in the conditions of European integration with application of methods of economical and mathematical modeling. Task: definition of integral indicator of investment and innovation activity of economic entities at international, macro and microeconomic levels. To achieve the goal, the following methods were used: abstract-logical method, method of analysis and synthesis, logical-content analysis - formation and substantiation of the system of indicators of evaluation of investment and innovation activity of subjects of management; generalization and abstracting - the study of categorical apparatus of investment and innovation activity of business entities, multidimensional factor analysis - for the classification and systematization of the space of signs of research and the grouping of factors by their economic content. The following results are obtained: to increase the objectivity and reliability of the analysis, the corresponding integral indicators characterizing each level are combined into a generalized integral index of investment and innovation activity of economic entities, calculated by the method of additive convolution, taking into account the coefficients of significance of each level. Significance is determined on the basis of the use of expert survey method taking into account the predominance: for foreign investments and for domestic investments. Conclusions: the theoretical and methodical approach to the definition of investment and innovation activity of economic entities is proposed, which provides the opportunity to determine the most influential factors on the level of investment-innovation activity economic entities at the international, macro- and microeconomic levels in the context of European integration and provides an integrated valuations taking into account the predominance of foreign or domestic investment, which contributes to the adoption of sound management decisions.

Macroeconomic determinants of ensuring financial stability of the banking system of ukraine

Abstract: The system paradigm, which is the basis of the concept of ensuring the financial stability of the banking system, involves the definition of external relations and macroeconomic factors. This necessitates an appropriate assessment of the volatility of the financial stability index from determinants.Using multidimensional factor analysis and selection of indicators with the highest values of factor loads, it is established that the first factor has the highest correlation with the exchange rate, minimum wage, deposit interest rate in foreign currency, loan interest rate in foreign currency, gold reserves; the second factor is formed by indicators of real GDP and consumer price index; the third factor is closely related to the deposit interest rate in hryvnia.Determining macroeconomic factors to ensure the financial stability of the banking system are: deposit interest rate in foreign currency, exchange rate, consumer price index and the size of gold and foreign exchange reserves. The assessment of the level of sensitivity of the financial stability of the banking system to changes in determining macroeconomic factors should be based on the coefficients of elasticity obtained taking into account the results of regression analysis. An increase in the parameters that characterize macroeconomic factors by 1% of the average level, both positively and negatively affects the value of the index of financial stability of the banking system.Determining the sensitivity of the financial stability index of the banking system to changes in determinants through the calculation of elasticity factors allowed us to state that among macroeconomic factors, changes in the level of stability of the banking system of Ukraine are most determined by consumer prices and exchange rates.

Institutional adaptation to abrupt changes during and following the financial crisis

Abstract: The aim of the study is to investigate substantial bases and mechanisms for institutional changes that facilitate the adjustment of an economic system to abrupt changes. To achieve this objective, comparative analysis is carried out in order to disclose different approaches to crisis management and resolution regimes following the financial imbalances in Denmark, Sweden, and the USA that represent three different models of institutional adaptation. Thus, the paper reflects on the multifaceted phenomenon of institutional change, evaluating the theoretical background, which is further adjusted to the concept of institutional adaptation. In turn, the concept of institutional adaptation is developed from crisis management and post-crisis financial policies’ perspective. Built on various resolution procedures, the main mechanisms behind institutional adaptation are highlighted: extension (extended authorities of traditional institutions that have been empowered with additional functions); limited creation (newly-created institutions with restricted opportunity to exercise their discretion); redeployment (utilized and redeployed traditional effective institutions in order to implement new resolution schemes); modified formation (newly-formed institutions that have been modified and adjusted); grafting (grafting the new appropriate elements onto statutory institutional frameworks); transfer (transfer of practices from other domains and markets), and rebuilding (rebuilding functional competences). It is proved that even though policy-makers draw on institutions and logic of actions originally established and developed before the need to respond to new circumstances, they adjust and redesign them to fit and produce a renewed action plan. Olena Mykolenko (Ukraine), Hanna Strokovych (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy,

The targeted complex programme of investment and innovation development of enterprises: suggestions for forming and implementing activities

Abstract: The problem of the article is to identify the main stages, methods, organizational structures of formation and implementation of targeted complex programs for the development of investment and innovation activities of industrial enterprises, the implementation of which will contribute to the success of strategic management of economic resources. The purpose of the article is to develop proposals for the formation and implementation of a targeted complex program for the development of investment and innovation activities of the enterprise. The object of research is the development of investment and innovation activities of the enterprise. The subject of research — theoretical provisions, methodological support, tools for the formation and implementation of targeted programs for the development of investment and innovation activities of enterprises. Structural-logical analysis, theoretical generalization, statistical-analytical analysis, expert survey method, program-target management method were used as research methods. Based on the analysis, the stages of formation and implementation of the target complex program of investment and innovation activities of the enterprise are proposed, which include: competitive selection and appointment of responsible executors, identification of existing problems of investment and innovation activities and their complex analysis, formulation of the main objectives of the program and their structuring by hierarchical dependence, definition and development of measures to achieve alternative goals, formation of program options taking into account alternative measures, substantiation of financial and human resources according to the established criteria for program implementation, discussion and approval, coordination of program measures and volumes of financing with the existing plan of development of the enterprise for the corresponding certain term. For each proposed stage, a study was conducted on the example of 21 machine-building enterprises for 2015—2019, which proved the feasibility of the developed proposals. The practical orientation of the research results is confirmed by the calculations for the developed complex program of investment and innovation activities for the machine-building enterprise using real data and comparison of the expected results of the program with the actual ones, which testified to the growth of investment and innovation activities.

The Economic Institutions of Capitalism

Abstract: The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

Аналіз основних фінансових показників банківської системи україни

Abstract: Banking system of Ukraine is characterized by regular changes during the last years, which are represented in the fluctuations of its mainfinancial indicators. It is mostly important for the post crisis period of restoration ofthe banking system of Ukraine, when banks have to optimize costs to provide the necessary rate of return and also tocarry out measures aimed at keeping of present clients and attraction of new clients. Despite of huge amount of investigations of current state and main tendencies of domestic banking system development, some aspects are still unsolved. Taking into account the urgency of this topic, the goal of the article is to investigate the current state of the banking system of Ukraine on the base of analysis ofits key financial indicators. The ratio between the assets and liabilities of banks is one of the financial key indicators which characterize the banking system. During the analyzed period there is growth of almost all assets, excluding cash and bank metals, money in the NBU, correspondence accounts opened in other banks. There is a decrease of almost all liabilities, except money of entities at the same time, during the 2014. Interest yield had the biggest share in total bank income as of 1 January 2014 (76,9 - 84,7 %). Commission yield was the second in total income of banks (11,2 - 14,8 %). The indexes of bank income mismatches the normative values. We can summarize that banks increase the volumes of their activity despite the negative tendencies during the last few years on the baseof investigation results. Meanwhile, the rates of return have descending dynamics and structural changes in the banking system of Ukraine are expected in the future.

Investment and innovative development of industrial enterprises as the basis for the technological singularity

Abstract: Investment and innovative development of industrial enterprises is driven by the influence on the sensitive indicators of their activity, which characterize technological singularity. Therefore, it ...

Сointegration evaluation tools for enterprises strategic development system upgrading

Abstract: The paper proposes tools for improving the strategic management system for assessing the processes dynamics and the level of their intensity and non-stationarity by local resource components of industrial enterprise as indicators of organizational and economic development and forecasting its change, as well as determining the structure of the strategic management system of enterprise development with emphasis on its resource communication component that will improve the efficiency of information exchange in the management process in the current context of increased importance of information resources as important elements that provide business entities competitive advantages. In this paper, the complex of models of research of development dynamics of enterprise activity spheres is built, which unlike the existing ones takes into account the non-stationary character of the behavior of these processes. This complex is based on the methods of multidimensional analysis, econometric modeling, decision-making. This complex contains the following steps: formation of the information sets of the company’s indicators in the main activity spheres; research of development dynamics of enterprise activity spheres on the basis of building of local and complex integral indicator of enterprise development level; simulation of non-stationarity dynamics of activity spheres on the bases of building and analysis of ECMV simulation of the enterprise development priorities on the bases of ECM&VAR-models analysis. For improvement of the strategic development management system, a conceptual scheme of the interconnection of processes, tasks, and models was developed, which provides the solution of the following main tasks: factor study of development trends, study of the internal environment and potential for key business factors and its development dynamics and implementation of adequate management decisions for increasing systems activity effectiveness as a whole.