Sergiy Legenchuk

Bio: Sergiy Legenchuk is an academic researcher. The author has contributed to research in topics: Business rule & Collateralized loan obligation. The author has an hindex of 2, co-authored 2 publications receiving 7 citations.

Securitization as an innovative refinancing mechanism and an effective asset management tool in a sustainable development environment

Abstract: Today’s realities dictate to Ukrainian companies a management philosophy that requires them not only to maintain their position in the market, but also to increase the efficiency of their operations and development in the context of favorable and unfavorable changes in the market environment, which necessitates significant amounts of financial resources. In the face of global competition and the increased turbulence of the external environment, securitization is one of the alternative tools to attract additional financing as well as to minimize risks by which financial markets can support sustainable finance in the transition to a green economy. The article deals with the essence of securitization as one of the major financial innovations of our time. It is established that this financial mechanism allows to diversify sources of financing, to effectively manage the structure of the balance sheet of the enterprise, as well as to significantly increase the level of liquidity of its assets. It also describes the main types of securitization and their impact on the structure of balance sheet indicators. The practical relevance of the study is that the authors’ highlighted areas of change in financial performance make it possible to make an smart decision on the use of a particular securitization mechanism, considering the purpose of its implementation and the capabilities of its initiators, including in the transition to a green economy. It is suggested for the successful implementation of the concept of a “green” economy aimed at achieving sustainable development goals in Ukraine, using such financial instrument as sustainable securitization through the use of the collateralized loan obligation mechanism.

Francising as a special form of business: identification of accounting objects

Abstract: s Since franchising is a rather new activity for the Ukrainian enterprises, a number of problems towards conceptual apparatus, legislative regulation, and, thereafter, accounting for running a business in the form of a franchise formation remain unsolved. This article contains the main elements of franchise relationship and the mechanism of running a franchise business. By the results of research the objects of accounting for franchise operations have been identified, also the recommendations due to the improvement of their reflection in accounting have been given.

The Alchemy of Asset Securitization

Abstract: This article explains asset securitization and shows how companies can use it to gain direct and indirect benefits. More importantly, this article demonstrates that securitization can enable certain companies to achieve a genuine reduction in financing costs by providing access to lower cost capital market funding. This article also explores potential innovative uses of this financing technique.

Our sustainable coronavirus future

Abstract: This is an introductory text to a collection of papers from the ICSF 2020: The International Conference on Sustainable Futures: Environmental, Technological, Social, and Economic Matters, which held at Kryvyi Rih National University, Kryvyi Rih, Ukraine, on May 20-22, 2020. It consists of an introduction, conference topics review, and some observations about the event and its future.

Crude oil price uncertainty and corporate carbon emissions

Abstract: Low-carbon transformation has become a key priority in China, as demonstrated in the implementation of the Carbon Peak, Carbon Neutralization policy, leading to increasing concern of environmental performance at the corporate level. This paper measures the carbon emission of 1,089 Chinese companies through the EIO-LCA-based approach. Then we examine the impacts of international crude oil price fluctuations and the corporate development level on carbon emissions of individual companies. Our results indicate that an increase in international crude oil price uncertainty could inhibit the company’s carbon emission. In parallel, we find that there might exist an environmental Kuznets curve (EKC) inverted U-shaped correlation between the company’s development level and its environmental performance. However, some exceptions to corporate carbon performance may emerge, resulting from specific corporate characteristics such as the state-owned nature and whether the firm is listed on the stock exchange. Our results could help companies optimize their internal carbon emission structure during the low-carbon transition process and contribute to effective policy regulations towards the target of carbon reduction.

Analyzing enterprise asset structure and profitability using cloud computing and strategic management accounting.

Abstract: The study expects to further exploring the role of asset structure in enterprise profitability, and analyze the relationship between them in detail. Taking the express industry as the research object, from strategic management accounting, the study uses edge computing and related analysis tools and compares the financial and non-financial indicators of existing express enterprises. The study also discusses the differences between asset structure allocation and sustainable profitability, and constructs the corresponding analysis framework. The results reveal that SF's total assets are obviously large and the profit margin increases. While the total assets of other express enterprises are small, and the express revenue drops sharply. Heavy assets can improve the enterprises' profitability to a certain extent. SF has a good asset management ability. With the support of the capital market, SF's net asset growth ability has been greatly improved. The edge computing method used has higher local data processing ability, and the analysis framework has higher performance than the big data processing method. The study can provide some research ideas and practical value for the asset structure analysis and profitability evaluation of express enterprises.