Showing papers in "Problems and perspectives in management in 2018"
TL;DR: In this paper, the authors studied the dependencies between the main macroeconomic indicators of the tourism industry, assessing the efficiency of foreign trade, and proved the significance of the inner consumer power during the periods of downturns in the global economy for strengthening the country's export potential.
Abstract: Purposeful and reasonable state vision of the long-term tourism development strategy determines the success of a country in the world market of tourist services. Many countries have officially approved program documents that clearly outline the main goals and objectives of the state policy in the sphere of tourism, highlighting the resource potential, recreational infrastructure and preferred consumer markets, but there may be no idea of respecting the interests of domestic consumers. The maintenance of local tourism infrastructure is becoming an increasingly important prerequisite for the country’s competitiveness, as mass tourism is now replaced by individual travels. The article is aimed at studying the dependencies between the main macroeconomic indicators of the tourism industry, assessing the efficiency of foreign trade. The correlation-regression and cluster analysis has been used in order to confirm or refute the hypothesis if the effectiveness of the state support of the national tourism industry is dependent on the stable functioning of the domestic tourism market, e.g. stimulation of travels by residents. Based on the main macroeconomic indicators of the tourism industry for 136 countries of the world and overview of some national tourism development program, the analysis output has rejected the direct correlation between the support of the domestic market and export potential of the national tourism industry, but has proved the significance of the inner consumer power during the periods of downturns in the global economy for strengthening the country’s export potential.
38 citations
TL;DR: In this paper, a quantitative study tool, based on a comprehensive research questionnaire, was used and the sample was selected from various government departments being operative in Alkharj, which indicated a positive relationship between organizational culture and job performance.
Abstract: This research aims to assess direct and indirect influences of organizational culture on job performance, as well as to evaluate the impact of each sub-element of organizational culture on such performance. It is argued that employees performance derives, on the one hand, from a long-term perspective related to changes that organizations manage and implement during their process of growth. A second dimension of organizational culture can be given through organizational values, routines and distinctive aspects of culture that allow organizations to create solid competitive advantages. Since most studies in this field were held in Western work cultures, this paper will be devoted to the analysis of this relationship within an Arabic cultural environment and more specifically within a Saudi context. A quantitative study tool, based on a comprehensive research questionnaire, was used and the sample was selected from various government departments being operative in Alkharj. The findings indicate a positive relationship between organizational culture and job performance. Likewise, four organizational culture sub-elements, namely Managing Change, Achieving Goals, Coordinating Teamwork and Cultural Strength, were found affecting positively on job performance, but with varying and distinct intensity. Only Customer Orientation was found negatively associated with job performance.
36 citations
TL;DR: Ville et al. as discussed by the authors investigated the impact of audit committee expertise on the readability of integrated reports and found that audit committee's financial and sustainability expertise has a positive impact on the reading ease and Gunning fog indices.
Abstract: This study contributes to the recent “managerial ability” literature and analyzes the impact of audit committees’ financial and sustainability expertise (i.e. combined and separately as individuals) on the readability of integrated reports. Analyses were conducted with data on a sample of European Union (EU) public interest entities (PIE) from the Examples Database of the International Integrated Reporting Council (IIRC) for the fiscal years 2014–2016 (i.e. 215 firm-year observations). Correlation and regression analyses were conducted to evaluate possible links between either financial or sustainability expertise and combined financial and sustainability expertise in audit committees and the readability of integrated reports, as measured by the Flesch Reading Ease and Gunning Fog indices. While audit committees’ financial and sustainability expertise has a positive impact on the readability of integrated reports, combined expertise has a stronger effect compared with either financial or sustainability expertise. This finding is in line with the idea that, to combine financial and sustainability information in integrated reports, audit committees need to have more diverse expertise. Companies, regulators and researchers could be significantly affected by the finding that managerial ability variables such as audit committee expertise can have a considerable impact on integrated reporting. Patrick Velte (Germany) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Is audit committee expertise connected with increased readability of integrated reports: Evidence from EU
36 citations
TL;DR: Lokhman et al. as mentioned in this paper evaluated the commercial activity development in eSports and to determine the perspectives for its further growth in Ukraine, which showed a large unrealized potential for increasing revenues from the sale of tickets to competitions, the realization of broadcasting rights and merchandising.
Abstract: The article deals with eSports as a perspective kind of commercial activity. The research urgency is determined by the fact that, given the active increase of eSports market with growth rates of more than 30% per year, the types of commercial activities in this field and in scientific papers are not studied in an adequate degree. The purpose of the article is to evaluate the commercial activity development in eSports and to determine the perspectives for its further growth in Ukraine. In order to determine the key types of commercial activity in eSports, the main sources of revenue in this area compared to sports were investigated, which showed a large unrealized potential for increasing revenues from the sale of tickets to competitions, the realization of broadcasting rights and merchandising. The study also showed that the largest number of income sources in eSports is at the stage of cyber-tournaments, which can be explained by a large consumer audience at this stage. However, unlike the world practice, computer game producers and well-known manufacturers of consumer goods in Ukraine do not finance domestic competitions, and, therefore, this stage of commercial activity remains at a low level. In modern conditions, among the types of eSports activities in Ukraine, only the computer games production and the cyber-racers game are properly developed. According to authors, to improve the eSports development in Ukraine, creating the national system of regular eSports competitions is needed, which will form the basis for the development of most types of commercial activities that are part of the cybertournaments. To do this, one needs to create appropriate platforms, as well as improve communications with fans in social networks and at amateur competitions. All this will make eSports a highly profitable business in Ukraine. Natalia Lokhman (Ukraine), Oksana Karashchuk (Russia), Olena Kornilova (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Analysis of eSports as a commercial activity Received on: 10th of April, 2017 Accepted on: 17th of January, 2018
34 citations
TL;DR: Melnyk et al. as mentioned in this paper studied the role and impact of fiscal decentralization on macroeconomic stability of the country and identified the key factors that impact macro economic stability, which is described by the following variables: the growth rate of money supply, investment and openness of the economy.
Abstract: The main objective of this research is to study the role and impact of fiscal decentralization on the macroeconomic stability of the country. The paper analyzes and systematizes approaches to the definition of ‘macroeconomic stability’ concept. The key factors that impact macroeconomic stability are identified. In the framework of this research, the authors identify fiscal decentralization as one of the factors affecting macroeconomic stability. To determine the strength and statistical significance of the above mentioned relationship, the authors suggest presenting macroeconomic stability as a functional dependency between macroeconomic stability and the level of fiscal decentralization, which is described by the following variables: the growth rate of money supply, investment and openness of the economy, fiscal decentralization. In this case, it is suggested to determine the level of fiscal decentralization in three directions: expenditure decentralization, revenue decentralization and expenditure decentralization simultaneously. Leonid Melnyk (Ukraine), Lina Sineviciene (Lithuania), Oleksii Lyulyov (Ukraine), Tetyana Pimonenko (Ukraine), Iryna Dehtyarova (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org FISCAL DECENTRALIZATION AND MACROECONOMIC STABILITY: THE EXPERIENCE OF UKRAINE’S ECONOMY Received on: 11th of October, 2017 Accepted on: 26th of November, 2017
32 citations
TL;DR: In this article, the authors reveal the factors explaining the purchase intention toward green products among young consumers, including environmental concern, environmental knowledge, and willingness to pay, which are added in the research model to expand TPB application.
Abstract: Green products present as one of the solutions for environment sustainability issue. This research reveals the factors explaining the purchase intention toward green products among young consumers. Young consumers are beginner consumers who are going to play an important role to take a responsibility in preserving the environment. Theory of Planned Behavior (TPB) is selected as the main theoretical framework in this research alongside some other variables (environmental concern, environmental knowledge, and willingness to pay), which are added in the research model to expand TPB application. Three hundred and twenty-six respondents were interviewed through a survey and the data are analyzed using Structural Equation Modeling (SEM). The findings illustrated that not every explanatory variable influenced the purchase intention toward green products among young consumers. Environmental concern and attitude did not influence the purchase intention toward green products among young consumers.
29 citations
TL;DR: Sergii Sardak et al. as discussed by the authors studied the development of global demographic processes and defined the causes of their occurrence, manifestations, implications and prospects for implementation in the first half of the 21st century.
Abstract: Current local and national demographic trends have deepened the existing and formed new global demographic processes that have received a new historical reasoning that requires deep scientific research taking into account the influence of the multifactorial global dimension of the modern society development. The purpose of the article is to study the development of global demographic processes and to define the causes of their occurrence, manifestations, implications and prospects for implementation in the first half of the 21st century. The authors have identified and characterized four global demographic processes, namely population growth, migration, increase of tourism, and change in population structure. It is projected that in the 30’s of the 21st century, the number and growth rates of the world population will reach the objective growth and these dynamics over the next two decades will begin to change in the direction of reducing the growth rates, which will lead to gradual stabilization, and eventually reduce the size of the world population. By the middle of the 21st century, one can observe the preservation of the growth rates of international and domestic migration, the growth of international migration flows from the South to the North and from the East to the West, the strengthening of new economically developed centers of gravity (Canada, Australia and New Zealand), the increase in migration of rural population to cities, as well as urbanization and activation of the metropolises development. The share of international tourists in comparison with the world population will be constantly increasing, and the annual growth rate of the number of international tourists will significantly depend on the world economy and may vary at the several percent level. Permanent change will occur in the age, religious-cultural and socio-economic structure of the population. Sergii Sardak (Ukraine), Maxim Korneyev (Ukraine), Volodymyr Dzhyndzhoian (Ukraine), Tatyana Fedotova (Ukraine), Olha Tryfonova (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org CURRENT TRENDS IN GLOBAL DEMOGRAPHIC PROCESSES Received on: 2nd of October, 2017 Accepted on: 22nd of December, 2017
26 citations
TL;DR: In this paper, the authors examined several influencing factors for young consumers' purchase intention toward green packaging and found that attitude, personal norm, perceived behavioral control, and willingness to pay significantly influenced the purchase intention.
Abstract: Young consumer is a noteworthy consumer for a company as a sustainable marketing target. The business sector needs to consider green packaging as one of the company’s competitive strategies. The existence of environmental problem phenomenon in recent years has increased the awareness of various parties to the importance of environmental sustainability. Indonesia as one of emerging markets, both for green product and green packaged product, also needs to take part in the issue.
Using Theory of Planned Behavior (TPB), this research aimed to simultaneously examine several influencing factors for young consumer’s purchase intention toward green packaging. Two hundred seventy-six empirical data were obtained through questionnaires given to undergraduate students. The analysis, using Structural Equation Modeling (SEM), showed that attitude, personal norm, Perceived Behavioral Control (PBC), and willingness to pay significantly influenced the purchase intention. Furthermore, the level of environmental concern also determined the purchase intention through attitude.
25 citations
TL;DR: The results of the work will help researchers and managers to identify which digitiza¬tion variables affect the different layers of the company and enables researchers or managers to use the right model for a specific purpose or to create a new model from a combination of existing models for the entire company or just one architectural layer.
Abstract: This study examines the variables of digital maturity of companies. The framework for enterprise architectures Archimate 3.0 is used to compare the variables. The variables are assigned to the six layers of architecture: Strategy, Business Environment, Applications, Technology, Physical and Implementation and Migration. On the basis of a literature overview, 15 “digital maturity models” with a total of 147 variables are analyzed. The databases Scopus, EBSCO – Business Source Premier and ProQuest are used for this purpose.
25 citations
TL;DR: In this paper, the authors propose a theoretical research platform based on the theory of a new industrial society, substantiate a methodology, which comprises reproduction, institutional and synergetic approaches.
Abstract: The present article presents an approach to evaluating the transformation of the industrial complex in the context of deep penetration of digital technologies into the material sector of the economy. The authors propose a theoretical research platform based on the theory of a new industrial society, substantiate a methodology, which comprises reproduction, institutional and synergetic approaches. The study showed that the transformation of the industrial complex, caused by any factors and implemented in any conditions, is always a discrete process of qualitative changes, resulting in significant structural changes and institutional transformations. The authors proposed a methodology to define the stages of industrial complex transformation in a digital economy. The authors’ model of the digitization process consists of five stages – primary information and communication digitization; electronic data exchange with external partners; use of specialized software; electronic data exchange with external partners. Within this framework, an empirical analysis was carried out to determine the digitization level of the industrial complex of Russia that implies a sufficiently high degree of primary computerization, the involvement of the industrial enterprises in the “digital” communication with counterparties and the dynamic software development. The study shows that the process of digital transformation of the Russian industry is still in its formative stages.
25 citations
TL;DR: In this article, the authors used the multinational panel dataset for 11 countries of the EU for the purpose of checking the correlation between economic freedom, democracy and macroeconomic stability, and they found that there is a positive and statistically significant impact of economic freedom and democracy on macro economic stability.
Abstract: The main goal of the article is to analyze the role and influence of economic freedom on macroeconomic stability. For this purpose, the authors used the integrated index of economic freedom, calculated by the Heritage Foundation and Democracy Index. It is noted that this index indicator was calculated by the experts from the World Bank using the index of voice and accountability. In the paper, the authors used the multinational panel dataset for 11 countries of the EU for the purpose of checking the correlation between economic freedom, democracy and macroeconomic stability. It should be highlighted that the abovementioned 11 countries are related by the fluctuation of economic growth during the transformation process (1996–2016) from communist party to the democracy and political pluralism. In addition, the authors proposed to add the indicators of political stability and trade openness, which allowed to take into account implementation of flexible macroeconomic instruments, including monetary policy, which towards increasing the economic growth, employment and financial development of the countries. The findings are directed received using the regression equation with fixed and random effects showed the high level of correspondence of the model used with the original observations. Despite the chosen approach to estimate the macroeconomic stability, the findings showed that there is a positive and statistically significant impact of economic freedom and democracy on macroeconomic stability.
TL;DR: Ullal et al. as mentioned in this paper found that advertisement has a small impact on customers inside the stores, and one standard deviation in advertising has an impact on store traffic by 1.2%.
Abstract: The paper is based on information which is a combination of store advertisement and consumers' path inside the store along with product information. With this information , the authors find how advertisement affects the behavior of consumers when making the decision. The findings suggest that advertisement has a small impact on customers inside the stores. Null effect is determined, and one standard deviation in advertising has an impact on store traffic by 1.2%. But the impact at a lower end of the model is observed. One standard deviation in advertisement has impacted the store sales by 8.4%. Based on further data mining, the research has found that there is no significant improvement in the number of customers, but the increase in sales is because of the higher quantity of purchases by the existing consumers. However, the effect of advertisement on products placed in the same or nearby shelf is not found, the impact on product varieties in the same segment is also not found. Based on these research findings, the authors find the right approach towards advertisement. The research is limited to consumers of retail industry in a Tier 3 Indian city of a developing geographic segment only. Mithun S. Ullal (India), Iqbal Thonse Hawaldar (Bahrain).
TL;DR: The DeLone and McLean model (2003) was respecify and validate by proposing a social exchange theory for underlying changes in the direction of perceived quality and adding perceived value variables suggested by Wang (2008) to provide strong support for the relationships between perceived quality, perceived value, user satisfaction, and net benefits.
Abstract: DeLone and McLean (1992) model of information systems success has received much attention amongst researchers. This study aimed to respecify and validate the DeLone and McLean model (2003) by proposing a social exchange theory for underlying changes in the direction of perceived quality and adding perceived value variables suggested by Wang (2008). The purpose of this study was to obtain a better understanding of information system of the user perception when using organization’s information systems. Therefore, a model for testing the information systems success was formed. The primary data used in this study were collected from 102 respondents who apply accounting software in their companies (end-user computing). Companies that were used as samples in this study were the ones that created or developed accounting software by themselves. 27 questionnaires were obtained by mail survey accompanied with a contact-person approach. All of the hypotheses tested were found to be significantly supported. The model provided strong support for the relationships between perceived quality, perceived value, user satisfaction, and net benefits. Information and system quality has been shown as a proxy that affects service quality. Information quality, system quality, and service quality cause the formation of perceived value and, then, this perceived value will affect user satisfaction and net benefits. The characteristics of information systems are an important aspect that researchers should concern when testing the information systems success. Yanuar Nugroho (Indonesia), Ari Prasetyo (Indonesia) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org ASSESSING INFORMATION SYSTEMS SUCCESS: A RESPECIFICATION OF THE DELONE AND MCLEAN MODEL TO INTEGRATING THE PERCEIVED QUALITY Received on: 12th of October, 2017 Accepted on: 1st of November, 2017
TL;DR: In this article, the authors examined the economic relationship between oil price volatility and socially-economic development of 14 Organization of the Petroleum Exporting Countries (OPEC) using the annual panel data for the period 1990-2014 obtained from the World Bank (WB) statistical data sets.
Abstract: This paper examines the economic relationships between oil price volatility and socially-economic development of 14 Organization of the Petroleum Exporting Countries (OPEC) using the annual panel data for the period 1990–2014 obtained from the World Bank (WB) statistical data sets. Hausman specification test has been performed to choose the method of panel data analysis, and the results were in favor of fixed effects estimation. The main findings indicate the direct relationship between economic growth and oil price volatility. The research supports the hypothesis that an increase in crude oil prices is positively related to GDP, and a 10% increase in oil prices correlates with 0.6-4% GDP improvements. Structural changes in employment in favor of service sector are negatively correlated with GDP per capita. Changes in GDP structure in favor of oil rents on 10% lead to the shrinking of GDP on 1%. Life expectancy at birth, as an indirect indicator of health, positively influences the economic growth indicators and an improvement in life expectancy on one percentage leads on average to 1% growth in GDP and 0.5-1.33% growth in GDP per capita. Energy efficiency improvements are positive drivers of GDP values at OPEC, and our findings suggest that a 10% increase at GDP per unit of energy use leads to 3% increase of GDP itself. The study recommends investing in energy efficiency, human capital, and capital formation to guarantee long-run economic development and prosperity of OPEC counties.
TL;DR: In this paper, the authors measured the impact of entrepreneurial motivation on the entrepreneurial intention of Muslim vocational school students and found that taking motivation significantly influenced giving motivation and giving motivation significantly affected intention.
Abstract: This study aims to measure the impact of entrepreneurial motivation on the entrepreneurial intention of Muslim vocational school students. There is a lack of scholarly attention focusing on the Muslim students in the entrepreneurship field of the study. There were three models to be tested in this study. The first model covered six dimensions of motivation linked directly to entrepreneurial intention. The second model grouped the dimensions under the motivation variable. The third model linked taking motivation to giving motivation and giving motivation to entrepreneurial intention. Data were collected from 626 vocational school students in Jakarta. The exploratory and structural equation models were used for data analysis. This study found that, in the first model tested, “entrepreneur is cool” dimension had a significant effect on entrepreneurial intention. In the second model tested, “entrepreneurial is cool”, “financial freedom”, and “public service” dimensions represented entrepreneurial motivation that could predict Muslim students’ entrepreneurial intention. In the third model, taking motivation significantly affected giving motivation and giving motivation significantly affected intention. Recommendations for educators and future study are discussed. Dedi Purwana (Indonesia), Usep Suhud (Indonesia) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Investigating the effect
TL;DR: Stukalo et al. as mentioned in this paper presented four clusters of social economy that prove validity of classification of four classic models of social economies: liberal, Scandinavian, corporatist, and Mediterranean, with the view to determinate the place of transition economies in social metrics of global economy.
Abstract: The study of various aspects of social economy is stipulated by the fact that the focus of any economic system is the human being as the main object and the result of economic activity. The purpose of this paper is to cluster of social economies of the countries throughout the world with distinguishing the models of social economy for transition economies under globalization conditions. The results of research represent four clusters of social economy that prove validity of classification of 4 classic models of social economy: liberal, Scandinavian, corporatist, and Mediterranean. While the most developed countries have effective models of social economy, there is still no clear concept of social development for transition economies. This paper deals with social economy clustering of different countries with the view to determinate the place of transition economies in social metrics of global economy. Our study is limited to the number of countries – 40 countries of the world, mainly European, and timeframes – 2015 and 2016. The obtained results could be taken into account by governments when developing and implementing new social policy for transition economies considering the experience of countries with classical social models. The authors propose the main practical tools for transition social model. It is proposed to distinguish one more model of social economy – the transition model, typical for transition economies that implement social reforms and has some common features. Nataliia Stukalo (Ukraine), Anastasiia Simakhova (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org GLOBAL PARAMETERS
TL;DR: In this paper, the authors presented a case study of the strategic capabilities of universities and professional schools like business to build academic strength, reputation, and legitimacy, and concluded with recommendations for business education.
Abstract: The global expansion of the higher education and professional faculties like business schools offers a case study in the strategic capabilities of universities and professional schools like business to build academic strength, reputation, and legitimacy. The expansion of business schools reflects novel strategies like ecosystems collaboration and network advantages, presenting new challenges for quality, relevance, and competitive threats from the consulting industry, corporate universities, MOOCs, and highlyspecialized business schools. The paper concludes with recommendations for business education. Guillaume Carton (France), Charles McMillan (Canada), Jeffrey Overall (Canada) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Strategic capacities in US universities – the role
TL;DR: In this article, a small-scale study aimed to explore the different factors that help or hinder the achievement of competitive advantage through the possession and development of intellectual capital and the delivery of effective knowledge management in a sample of Jordanian universities.
Abstract: This small-scale study aimed to explore the different factors that help or hinder the achievement of competitive advantage through the possession and development of intellectual capital and the delivery of effective knowledge management in a sample of Jordanian universities. Using a quantitative methodology, underpinned by a pragmatist theoretical approach, an electronic survey was conducted with staff working within three established universities based in Jordan. The concepts of intellectual capital, knowledge management and competitive advantage within an academic setting are first explored before focusing more specifically on investigating how different factors influence these and impact on competitive advantage. Overall, the study identified a range of inhibitors and enablers relating to intellectual capital and knowledge management and identified areas where universities need to develop in order to increase future competitive advantage. The study therefore makes a valuable contribution in adding to the body of evidence within this field.
TL;DR: Pererva et al. as discussed by the authors adapted the notion of function elasticity to increase the employee motivation effectiveness at domestic industrial enterprises, which made it possible to assess the motivational measures performance both for every block-module and for every employee, team, production department or enterprise.
Abstract: Employee motivation at the industrial enterprises is one of the most important principles of modern management. The practice of production and commercial activities of domestic enterprises speaks for essential modifications in the approaches to identifying the methods of employee motivation. In the meantime, at many industrial enterprises, motivational modules are limited to the level of salary payment. Therefore, the search for approaches to the formation of effective methods of employee motivation and the analysis of their classification peculiarities require implementing the complex scientific research and determine the relevance of the chosen topic. The purpose of the article is to adapt the notion of function elasticity to increase the employee motivation effectiveness at the domestic industrial enterprises. Increasing the effectiveness of employee motivation at an industrial enterprise is the object of the research. The research findings are obtained using the theory and practice of expert methods and system analysis, whereby 26 basic (key) motivational measures were determined, which were divided into six block-modules: jurisdictions, effectiveness, social and psychological, indirect financial influence, and direct financial influence. The weight of each of the motivational factors is determined and they were also classified according to this indicator. The notion of motivation elasticity is proposed, which makes it possible to assess the motivational measures performance both for every block-module and for every employee, team, production department or enterprise. Motivation elasticity ratio for ten employees of Kharkiv Machine Engineering Plant FED is calculated. Recommendations for further research on the paper’s subject are proposed. Petro Pererva (Ukraine), Oleksandr Hutsan (Ukraine), Valerii Kobieliev (Ukraine), Andrii Kosenko (Ukraine), Volodymyr Kuchynskyi (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Evaluating elasticity of costs for employee
TL;DR: Chukhray et al. as discussed by the authors investigated the role of universities in modern technology transfer from universities to the business environment, which should serve as a fundamental platform for further economic, technological and other actions in the innovation development of Ukraine.
Abstract: The modern concept of open innovation highlights the role of technology transfer from universities to the business environment. An increase in technology transfer efficiency is one of the tasks assigned to Ukrainian universities by the state. The nature of technology transfers in the world and the role of universities in this process call for revising traditional approaches to its production in Ukraine. This stipulated the substantiation of theoretical and methodological principles of technology transfer from universities to the business environment, which should serve as a fundamental platform for further economic, technological and other actions in the innovation development of Ukraine. For this purpose, the modern theoretical and applied components of technology transfer from universities to the business environment are researched; the theoretical and methodological principles of technology transfer are determined and the conceptual approach to understanding technology transfer from universities to the business environment is proved. To achieve the tasks at hand, the background and trends in technology transfer from universities to the business environment have been researched; the role of universities in modern technology transfers is analyzed; the peculiarities and potential of the scientific area of Ukraine are considered; the influence of university technology transfer centers on the universities’ academic entrepreneurship has been studied; the nature of knowledge transformation during the technology transfer is substantiated; the influence of technology transfer on the university subsystems is considered; the effects of technology transfer are investigated; models of interaction in the system “University – Governmental Authority – Business” are studied; and modern approaches to the technology transfer from universities to the business environment are researched. Given the research conducted, theoretical and methodological principles for technology transfer were formed, which conceptualize the technology transfer from universities to the business environment. Nataliya I. Chukhray (Ukraine), Oleksandra B. Mrykhina (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Theoretical and methodological basis for technology transfer from universities to the business environment Received on: 9th of December, 2017 Accepted on: 30th of January, 2018
TL;DR: In this paper, an advanced methodology based on an economic and mathematical model with the use of dynamic programming is proposed for calculating the GDP in the country of Ukraine, which takes into account the peculiarities of social development in Ukraine and the tendencies of world economic processes and contributes to obtaining more reliable GDP values.
Abstract: GDP is one of the main indicators determining the level of economic growth in countries and regions across the globe, therefore, its calculation should be based on the advanced methodology. In the present context, the existing methods of the GDP calculation do not fully meet the fineness criterion subject to certain objective and subjective reasons. Hence, the development of more perfect methodology that takes into account the disadvantages of the existing techniques and is based on economic and mathematical modeling is an urgent national task for Ukraine. The purpose of the article is to assess the GDP calculation methodology used in Ukraine. To achieve this purpose, the relevant methods of GDP calculation, which are valid in Ukraine, have been analyzed, their specifics, certain drawbacks, problems of use and application scenarios have been also revealed. According to the analysis results, an advanced methodology based on an economic and mathematical model with the use of dynamic programming is proposed. The developed methodology for calculating the GDP takes into account the peculiarities of social development in Ukraine and the tendencies of world economic processes and contributes to obtaining more reliable GDP values. It will be useful for experts in financial institutions, including international ones, and scholars working in the macroeconomic modeling area.
TL;DR: In this paper, the authors determine the approaches to ensure sustainable development of the agrarian sector of Ukraine in the context of globalization and integration processes strengthening, and the main task is to determine the problems of ensuring the sustainable development in the process of its integration into the world economic space.
Abstract: The agro-industrial complex of Ukraine with its basic component – agrarian sector is a system-forming element of the national economy. The Ukrainian agrarian sector has a production potential, which far exceeds the needs of the internal market. It is a link that can become the engine of development of the national economy and its effective integration into the world economic space. The purpose of this research is to determine the approaches to ensure sustainable development of the agrarian sector of Ukraine in the context of globalization and integration processes strengthening. The main task is to determine the problems of ensuring the sustainable development of the agrarian sector of Ukraine in the process of its integration into the world economic space. The category of “sustainability of agrarian sector development” has been considered and improved. It has been suggested to include in the classification of “sustainability of the agrarian sector” an element of the description of global integration processes. It has been proved that the sustainability of the agrarian sector development lies in the balanced combination of industrial, economic, social, environmental, intellectual and globalization processes.
TL;DR: Vdovenko et al. as mentioned in this paper developed a structural scheme of the mechanism of management of the agrarian sector of the economy, which is in line with the ownership of the subjects of state domination of the region, organizational structures of management, market social and economic relations.
Abstract: The current state of development of Ukraine’s national economy involves strengthening the processes of transition to social market economy, aimed at accelerating the rates of economic growth of the country. The presence of peculiarities of activity of agrarian producers and increase of the socioeconomic importance of the agrarian sector of the economy contribute to the need to develop and substantiate the methodological conditions aimed at solving multidimensional and diverse problems of ensuring the development of agrarian economic systems. In the work, the directions of the formation of the mechanism of management of agrarian economic systems, which consist in the transition to a new quality level of the use of information and intellectual resources of the management system on the basis of modern information technologies and modeling, which allowed to develop a structural scheme of the mechanism of management of the agrarian sector of the economy. The understanding of the mechanism of management of agrarian economic systems, factors and functions of this mechanism are determined. The mechanism of management of agrarian economic systems should be considered as a system of principles, rules, norms and procedures, within the framework of which the goals and objectives of the agrarian economy are developed in accordance with the current economic laws. This mechanism should be in line with the ownership of the subjects of state domination of the region, organizational structures of management, market social and economic relations, natural conditions of economic activity and state economic policy concerning the development of agrarian production, etc., and also take into account the main economic relationships that exist between the individual structural components of the agrarian economic system. Nataliia Vdovenko (Ukraine), Viktoriia Baidala (Ukraine), Nelya Burlaka (Ukraine), Anna Diuk (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Management mechanism of agrarian economic system: composition, functions and factors of development in Ukraine Received on: 22nd of February, 2018 Accepted on: 2nd of May, 2018
TL;DR: In this paper, the authors analyze and elaborate determinants of tax compliance in the perspective of the theory of planned behavior and stakeholder theory and reveal that the behavior of the taxpayers has a positive and significant effect on the intention to tax compliance.
Abstract: The purpose of this research is to analyze and elaborate determinants of tax compliance in the perspective of the theory of planned behavior and stakeholder theory. This research is conducted on a population consisting of corporate taxpayers registered at the Directorate General of Taxes in the region of South Sulawesi. This research uses proportional random sampling to determine the samples. There are 560 respondents out of 1,000 exemplars of distributed questionnaires who are willing to participate. The analysis is conducted by using Partial Least Square (PLS). The result reveals that the behavior of the taxpayers has a positive and significant effect on the intention to tax compliance. The establishment of tax professional behavior to comply can encourage positive behavior of taxpayers, thus, the welfare of the society can be achieved. Subjective norm has a positive and significant effect on the intention to tax compliance. This research focuses on corporate taxpayers; hence, the researchers add social awareness based on stakeholder theory. This research depicts corporate taxpayers as entity that mingles with the society. Therefore, social awareness and cultural adaptation with the social environment through tax payment is a must.
TL;DR: Ponomarenko et al. as mentioned in this paper investigated the transformation to the information economy, to analyze the industry competitiveness, to define the opportunities for information sphere improvement, and suggested suggestions as for increasing the assistance to the development of knowledge-intensive sectors, including information technology.
Abstract: Information economy, being the newest type, in the course of formation acquires its distinctive features, which include a significant change in the needs of investors, producers, consumers and other economic relation participants. In order to achieve a competitive information economy, state support for high-tech industries is needed. It is crucial to create a clear legal framework, give boost to the formation of intellectual capital based on other countries’ experience. Implementation of the strategy for high-tech industries development in Ukraine is a decisive step in creating a platform for information technology dissemination, creation of new competitive products with high added value. The purpose of the article is to investigate the transformation to the information economy, to analyze the industry competitiveness, to define the opportunities for information sphere improvement. The theoretical aspect of the emergence and formation of the information economy category is studied, the approaches to the defining this economic category and its derivatives have been studied and generalized, essential features of the information type of economic relations have been investigated, and their main components have been determined. In the article, the relationship between the level of information economy development and the competitiveness of domestic enterprises’ products has been described, the factors influencing high-tech industries development in Ukraine are considered, and suggestions as for increasing the assistance to the development of knowledge-intensive sectors, including information technology, are proposed. Tetiana Ponomarenko (Ukraine), Veronika Khudolei (Ukraine), Olha Prokopenko (Ukraine), Janusz Klisinski (Poland) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Competitiveness
TL;DR: In this paper, the authors examined the impact of corporate diversity on corporate social environmental disclosure of registered manufacturing firms in Nigeria and found that a large and diverse board with experience, expertise and women involvement would enhance mandatory environmental audit and environmental grievance mechanism report, and if necessary, an ecological committee would be established, and also community leader on the board would contribute enormously to the going concern of the business.
Abstract: This study examined the impact of corporate diversity on corporate social environmental
disclosure of registered manufacturing firms in Nigeria. The study considered
both industrial and consumer goods firms, respectively, consisting a total
of 37 firms. A total of 17 firms was selected for this study using purposive random
sampling spanning the period 2012–2016. While the content analysis technique
was engaged to ascertain the extent of corporate social environmental disclosure,
the study adopted the following variables (board size, foreign directors, and gender)
as measures for corporate diversity. Findings from the study revealed that
board size, foreign directors and gender had a significant positive influence on the
extent of corporate social environmental disclosure of the selected firms. On the
other hand, the presence of an independent director and non-executive director
had an insignificant positive influence on corporate social environmental disclosure.
Thus, the study recommends that a large and diverse board with experience,
expertise and women involvement would enhance mandatory environmental audit
and environmental grievance mechanism report, and if necessary, an ecological
committee would be established, and also community leader on the board would
contribute enormously to the going concern of the business
TL;DR: Stadnyk et al. as mentioned in this paper identified the main motives of the economic behavior of business units in Ukraine, which predetermine structural changes in the industrial sector and agro-industrial complex, and developed an algorithm for substantiating the strategic choice of participating forms in integration formations for the business development.
Abstract: The competitiveness of the national economy is ensured by mutually beneficial cooperation of various business activities and industrial specialization of business units. The purpose of this article is to identify the main motives of the economic behavior of business units in Ukraine, which predetermine structural changes in the industrial sector and agro-industrial complex, and to develop an algorithm for substantiating the strategic choice of participating forms in integration formations for the business development. The economic and statistical analysis has identified trends in structural changes in the industrial and agricultural sectors of the Ukrainian economy. By generalization of scientific views on the content of integration processes, there were identified the influence of institutional factors on the development of forms of integration interaction and maintaining the stability of integrational entities, and the factors of technological and logistic expediency on the formation and development of business networks. There was formed the algorithm of substantiation of strategic decisions regarding the choice of enterprises of the forms of participation in the integration formations of different types. The differences in the positions of the initiators of the business network creation and the participants involved in them were identified regarding the composition and relationships in the network that affect its sustainability. The application of this algorithm will ensure that the management of enterprises makes more substantiated decisions on the creation of an organizational framework for the implementation of competitive strategies in promising areas of inter-sectoral cooperation. Vаlentyna Stadnyk (Ukraine), Pavlo Izhevskiy (Ukraine), Oksana Zamazii (Ukraine), Andriy Goncharuk (Ukraine), Oksana Melnichuk (Ukraine) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy,
TL;DR: In this paper, the authors test how do the four important psychological factors, namely need for achievement, propensity to risk, self-confidence and internal locus of control, mediated by entrepreneurial selfefficacy, predict the entrepreneurial intention (EI) in a traditionally oil-based Saudi economy striving for economic diversification.
Abstract: The purpose of the present study is to test how do the four important psychological
antecedents, namely need for achievement (nAch), propensity to risk (PtR), self-confidence
(SeC), internal locus of control (IlC) are mediated by the entrepreneurial selfefficacy
(ESE) to predict the entrepreneurial intention (EI) in a traditionally oil-based
Saudi economy striving for economic diversification. Hypotheses are tested by applying
the partial least square (PLS) structural equation modeling (SEM) to a sample of
282 undergraduate business students (male and female) collected from a public university
of Kingdom of Saudi Arabia (KSA). The results suggest that psychological variables
and self-efficacy play a fundamental role in enhancing entrepreneurial intention (EI)
of Saudi students. Personality-related variables have direct influence over EI in other
context, but in Saudi context, psychological variables are necessary but not sufficient to
develop entrepreneurial intention unless combined with self-efficacy. Self-efficacy has
a strong mediating effect between psychological variables and entrepreneurial intentions
in Saudi context.
TL;DR: Al-Zyoud et al. as discussed by the authors empirically examined the relationship between social media marketing strategies, intentional branding and functional branding with a view to determining where social media strategies are more strongly inclined towards intentional than functional branding.
Abstract: It has been suggested that social media marketing may be inclined more towards functional branding than intentional branding. The present study empirically examined the relationship between social media marketing strategies, intentional branding and functional branding with a view to determining where social media marketing strategies are more strongly inclined towards intentional than functional branding. Quantitative data were collected from 133 participants from Jordan marketing departments using questionnaires and analyzed using SPSS. The results of the study confirmed the relationship between social media marketing strategies. However, results showed that social media marketing strategies are more strongly inclined towards intentional branding than functional branding suggesting that social media marketing strategies are oriented towards intentional branding. The study recommends examining the idea of intentional branding and its role in controlling the image of the brand among customers. Mohammad Fahmi Al-Zyoud (Jordan) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Social media marketing,