Socio-Economic Research Bulletin

16-22

Authors: Iryna Zarytska, Svitlana Strelnyk

The article analyzes entrepreneurship as a catalyst for the economy development in terms of the prospects for sustainable development. It is justified that development of entrepreneurship in the smart economy is achieved by a comprehensive modernization and innovative updating of business on the basis of a new generation of technologies; providing high value-added, energy efficiency; forming a secure environment and social stability. It is proposed to stimulate entrepreneurship in order to promote stable development of economy by understanding the mechanism of increasing social concerns about the working conditions, social welfare and the environment security and therefore providing the sustainable development strategy.

37-46

Authors: Ihor Paryzhskyy

The state of development of the innovation infrastructure elements in Ukraine is analyzed in the article. The basic programs for the innovation infrastructure formation and the trends that have led to incomplete formation, functionless and insufficient development of the innovative infrastructure are studied. The main problems which impede efficient formation and development of innovation infrastructure in Ukraine are identified. Key measures of enhance infrastructural support of innovation and technological development of the national economy are proposed. It is proved that the important tasks of the innovation process state regulation is to streamline the activities of existing innovation infrastructure facilities and coordination of processes of new institutions creation and development, their organizational and methodological support.

58-63

Authors: Katerina Alexandrova

The article considers and examines basic quality and safety management systems approved by the Global Food Safety Initiative. Fresh mushroom market of Western Europe and Ukraine are analyzed. Ukrainian mushroom industry was taken as an example to illustrate how European integration process effects on quality and safety management systems implementation in food industry. Suggestions of increasing competitive positions of domestic food products were given.

71-76

Authors: Olha Vynokurova

The main problems of Ukrainian enterprises restructuring in conditions of unstable economy are identified and analyzed in the article. Content of the concept of «enterprise restructuring» is clarified. It is noted that the processes of structural transformations can be applied to both the successful existing enterprises, and to the loss-making. Restructuring is considered as an effective tool to overcome the crisis in the activities of economic entities, increasing productivity, competitiveness and enterprises value. As a result of the analysis the main problems that hinder the process of enterprises restructuring in Ukraine are identified and assessed. Recommendations to overcome the existing problems at the macro and micro level to create the conditions for qualitative strategic transformation and improve the efficiency of enterprise restructuring are made.

84-93

Authors: Oksana Korniyenko, Ekaterina Koshara

The questions of intensification of Ukrainian regions socio-economic development are considered in the article. The principles of seaports functioning and development and increasing their competitiveness are formulated. The experience of international practice for sustainable development of port economy is analyzed. Problems that do not make possible to develop of domestic ports and to have a decent competitive area for handling and trans-shipment of cargo are identified. The evolution of ports «generations» according to UNCTAD is substantiated.

106-115

Authors: Oksana Orlyk

The article investigates the essence of the threat in relation to the financial and economic security of enterprise. The characteristic features and signs of threats to lose the financial and economic security are determined. The list of grouping attributes for risks classification and systematization of the threats to enterprises financial and economic security on the principle of taking into account significant differences between different threats is determined. On the basis of scientific approaches synthesis, the actual classification system of financial and economic security threats was formed, which allowed ranking of threats with a view to their most complete and accurate identification when constructing the system of enterprise financial and economic security. Within the framework of the above mentioned classification system, the grouping signs and types of threats to the enterprise financial and economic security that were proposed by the author, were considered.

128-134

Authors: Halyna Pudycheva

The main conditions of energy logistics development are presented in the article. The definitions of «logistics» and «energy logistics» are given. The features of energy flows are analyzed. The system of energy logistics principles is given. Reasons to use logistical approach in energy system management of enterprises are identified.

143-148

Authors: Svitlana Stupak

Development features and specifics of introduction of adaptive management systems in particular chaos theory are investigated in the article. The prerequisites that underlie the formation of the key ideas of adaptive management systems are analyzed. The provisions reflecting the dynamism and chaos of the modern socio-economic systems development are generalized. It is established that the most important postulate of the chaos theory is the denial of the prospects for the long-term planning by fragmentation of the system into its component parts and conducting a profound analysis of the behavior of each of them, and focusing attention on the system integrity and dynamics. The basic concepts of the chaos theory are considered and the possibility of their introducing in modern management practices is analyzed.

157-161

Authors: Iryna Shkurupska

The article investigates the trends in the marketing communications development under the influence of the Industry 4.0. Particular attention is paid to the study of the relationship between virtual and real economic space through the Internet of things, in which modern firms are developing marketing activities. The advantages of integrated marketing communications (IMC) are defined as a fundamentally new approach in the development of marketing strategies. An increasing role of low-control sources of influence and dissemination of information is noted. Particular importance is given to the study of consumer behavior in the Industry 4.0. The transition to consumption individualization is the main trend in the formation of interactive two-way marketing communications.

170-179

Authors: Viktoriya Butenko

The main problems of Ukrainian budget policy organization and implementation at the present stage are investigated in the article. The features of the formation and implementation of budgetary process in the current economic conditions in Ukraine are analyzed. The factors of the budgeting program-target method introduction are determined. The policy in budget planning and administration field is retrospectively analyzed. The control indicators of budget policy formation and implementation are analyzed, where a number of unsolved problems are identified. Thus, as a result, ways of ensuring Ukrainian budget policy efficiency were identified, such as: coherence of state investment activity planning and forecasting within the framework of the state economic development strategy; improvement of budget expenditures planning mechanisms; legislative consolidation and institutional implementation of procedure for developing budget strategy; increasing transparency of public finances and strengthening the role of financial control in the public sector of the economy.

187-194

Authors: Oleksandr Syrchyn

Description of describes a modern scientific and practical approach to determining the credit risk of legal entities on the basis of a logistic discriminant model is proposed in the article. It is justified that the calculations based on the proposed model assume the identification of intermediate indicators, which are formed depending on the calculated values of the enterprise financial condition indicators. The estimated artificial values of the model that are used to determine the level of credit risk, taking into account additional indicators determined by the bank independently are given. As a result of the study, it was proved that banks get the opportunity of non-repayment of their credit debts and are able to calculate the amount of credit risk by individual borrowers (taking into account the volume and liquidity of the security for credit), that is the subject to mandatory reservation by bank’s costs. Such an approach reinforces the requirements for loans provided by banks, but is not flexible enough in the face of significant changes in the country’s economic life.

19-26

Authors: Abudavud Basem

The article analyzes the characteristics of integrative interaction of the countries of the Jordan Basin. Special attention is paid to the development of regional integration as a key aspect of the formation of a stable union on the banks of the Jordan River. The basic conceptual directions of improvement of the integrative interaction of the Jordan basin countries are highlighted within the framework of regional and trans-regional integration. A phased plan to improve integrative interaction with the description of the actions of each of the states is submitted. The general trajectory of the integrative interaction of the Jordan Basin countries allowing for the socio-economic development, political and cultural cooperation is proposed.

34-39

Authors: Svitlana Hryhorieva

The article substantiates the necessity to strengthen the key role in the economic development of Ukraine's large corporate sector. Links established between the corporate enterprises vertically, that are subordinated to the achievement of the final result of the activities of many small and medium-sized companies, are the backbone of the economy. Due to such relations, interdisciplinary exchange of capital is facilitated. It is proposed to continue the development of vertically integrated companies in the Ukraine through the consolidation of capital companies in various industries. This will reduce the transaction costs associated with the cross-sectoral interaction of economic agents; reduce organizational risks associated with the interaction of these entities; minimize the chance of turning them into monopolies.

50-56

Authors: Olha Osnach

The article reveals the essence necessity and importance of the enterprise marketing activities regarding future changes in the market, that determine the trend in the development of needs for this type of product, its price variation and sales volume opportunities considering the potential market size. The article analyzes current views of planning processes. The method of the potential market size calculation is also given. The author calculates the potential market size of sunflower oil in Odessa region, taking into consideration future changes of population, income growth and prices increase.

64-70

Authors: Hanna Shevchenko

The recreation as a component of the macroeconomics from the theoretical and methodological perspective is researched in the article. The system thinking allows us to generalize and identify relationships of «recreation» subsystem in the management system of national economy. The attention is focused on the management aspects, particularly on management functions such as forecasting, regulation, etc., which correlate with the main directions of scientific economic research on national level. Separate components of the recreational subsystem are analyzed: input elements, namely resources of recreational sectors that can come directly from the environment or through the management system of national economy; internal relationships: sectoral and territorial, interregional and cluster interactions; output elements represented as results of recreational sustainable development. The balancing of recreation system development is interpreted as turning on programmed trajectory within the allowed deviation through the state maintaining of its movement.

80-88

Authors: Hanna Misko

The article researches the development of euromanagement in the enterprises of Ukraine. According to the international standard ISO 26000: 2010, the main features of social responsibility of the enterprise are outlined. The data from official websites of PrJSC «MTS Ukraine», PrJSC «Kyivstar», JSC «Lifecell» are analyzed according to the characteristics of the social responsibility of the enterprise. The results of the analysis show that for companies the most common projects in euromanagement are: programs of consumer protection; programs aimed at the development of the company; programs to improve the environmental situation; programs aimed at the development of local communities. It is proposed to enhance the competitiveness of enterprises of mobile communication in Ukraine to develop euromanagement. This will give the opportunity to improve the image of the enterprise, increase the sales of services to retain existing customers, generate their loyalty, to ensure the implementation of the latest technologies, to attract investments.

101-113

Authors: Pavlo Rodionov

The article describes the features of the functioning of the firm in the information economy. The view on the economy as an information system is proposed and grounded. The activity of the company in the role of coordinator of information and material flows is analyzed. A critical review of approaches to the understanding the concept of «information activity» is held and its author’s interpretation is given. The concepts of «data», «information» and «knowledge» are delineated. Objectives and components of information activity are determined, in particular, the concepts of «information resources», «information potential», «information technology» are considered. The essence and role of information resources in the enterprise are researched. The approach to evaluating the effectiveness of information activities is proposed.

119-126

Authors: Inesa Shapovalova

The article discusses the theoretical and methodological bases of formation of a strategic set of enterprise quality management system in order to improve the efficiency of strategic decision-making and strengthen the economic and financial equilibrium. The strategic set as an effective tool to ensure the competitiveness of enterprises is investigated. The process, principles and features of formation of a strategic set of quality management system are considered. The basic spheres of strategic changes of Ukraine’s modern enterprises are proposed.

136-145

Authors: Volodymyr Yankovyi

Theoretical questions of microeconomics, in particular, use of neoclassical production functions in the simulation of output based on the most important factors presented in terms of value are discussed. The optimal capital-labor ratio, that maximizes output for a given overall cost of capital (minimizes the total cost for a fixed output) for two-factor Cobb-Douglas function and CES-function is examined. The values of marginal rate of substitution of resources and equilibrium equation of manufacturer are also considered. Minimum overall costs of capital in the case of an optimal capital-labor ratio for the Cobb-Douglas function are defined. The marginal rate of substitution of resources is equal to one and marginal products of capital and working are the same (equilibrium equation of manufacturer) demonstrated in this case. The formula of the optimal capital-labor ratio is derived for CES-function. It is shown that the minimum total capital expenditures are defined similarly with the Cobb-Douglas, and the marginal rate of substitution of resources is also equal to one. It means that both neoclassical production functions under consideration behave themselves in extreme situations identically. Basic inequality is derived. It provides break-even investment in existing production, adequately described by a CES-function, on condition of investing in additional funds in the proportion of optimal capital-labor ratio. Three cases of break-even zones depending on the degree of homogeneity of the CES-function are considered. A new interpretation of marginal rate of substitution of resources as an indicator of disparities in investing funds in aggregate factors «capital» and «labor» is proposed. Practical advice on management actions of the manufacturer in violation of a single norm of substitution of resources is provided. The causes of violations of inequalities that define the zones of break-even investment are also analyzed. The main factor concluding such violations in the econometric study is a low value of coefficients scale of two-factor neoclassical functions. This is the result of imperfections in the external environment of the manufacturer. Mainly fiscal nature of the current tax policy in relation to small and medium business functions appears in the calculation of the Cobb-Douglas function and CES-function at the low values of coefficient scale.

155-165

Authors: Tetyana Kundilovska, Natalya Zelenyanskaya

The article reveals the essence and value of organic production, the analysis of its current status in the world and development in Ukraine. Described economic, environmental and social benefits of organic agriculture, highlighted main problems that hinder its dynamic development in Ukraine. The comprehensive scheme has been proposed comprising four principles that can be used by scientists and specialists when implementing scientific-theoretical and applied research work to settle problems of sectors in agribusiness. The authors deduce the conclusion about improvement of consumer properties of organic agricultural production. The major areas of further investigations of the most urgent problems are formulated.

173-183

Authors: Olena Goncharenko, Olga Svitlychna

The article investigates and analyzes the current trends in the formation of the system of providing financial services. It is proved that the system of providing financial services play a crucial role in determining the competitive position of a financial institution in a particular market or its segment through adaptation of products to the demands and requirements of customers. Is grounded that today the effective operation of financial institutions is impossible without the use of modern Internet technologies. New technologies can increase the effectiveness of the relationship with the customers of financial institutions. Therefore, the development of financial web services is one of the most attractive and promising areas of e-business. The article defines the benefits that accrue to financial institutions due to participate in e-commerce systems, and discussed prospects for development of Internet services in various areas of financial activity.

194-202

Authors: Iryna Lapina, Anastasia Pinti

The article deals with the problems associated with the introduction and development of financial controlling as the financial management function of industrial enterprises. It analyzes and concretizes specific problems of financial management and controlling of Ukrainian industrial enterprises in the modern conditions. The role and place of financial controlling in the system of financial management of the company are identified. It is proved that financial controlling is the most rational way to achieve efficient operation of the industrial enterprises based on the analysis of problems of financial management and controlling. The necessity of usage and improvement of different specific methods and tools of controlling at industrial enterprises is substantiated.

213-218

Authors: Yulia Protsenko

The problems of financial provision of local budgets are viewed and the share of revenues and expenditures of local budgets in the income/expenditure of the consolidated budget of Ukraine are analyzed in the article. The gap between own and fixed revenues of the local budgets are analyzed. The share of intergovernmental transfers in the revenue structure of local budgets of Ukraine is studied. The share of own revenues of local budgets is analyzed. The availability of delegated powers of the local budgets is researched. The ways of improving financial security of local budgets are suggested. The necessity of achieving financial viability of local budgets, which will lead to the improvement of the socio-economic status of the territory, is grounded.

228-234

Authors: Inna Kasapova

The article analyses the definitions of working capital, which show certain contradictions in the definition of this concept. Different approaches to the definition and interpretation of the working capital are summarized. The results of the study of working capital for the effective profitability of enterprises are presented. The new definition of «working capital» and «working capital management system» are proposed. The necessity of working capital management for insurance of company’s profitability is proved.

250-258

Authors: Anastasiia Shevchenko

The article is devoted to the issues of shaping the strategic framework for public policy of developing the cluster forms of industrial activity in Ukraine. The author’s definition and the insight to the categories of cluster strategy, cluster policy, cluster programme and cluster initiatives are proposed, which constitute the main structural elements of the system of public support and regulation of industrial clusters at national, regional and local levels. The goals and the main directions of the development of cluster networks in Ukraine are formulated. The toolkit of cluster policy is described. The fundamental principles and the typical structure of regional cluster programmes are defined. The key criteries used by international organizations for assessing the activities of industrial clusters are summarized.

19-28

Authors: Tetiana Kozhukhova

In the article the features of UNDP funding of the sustainable development projects in Ukraine have been examined. It has been determined that UNDP activities in Ukraine are aimed at meeting the funding needs in financing sustainable economic growth and poverty reduction, social development, governance, environment and climate change. The mechanisms of financing of UNDP development projects in Ukraine, which include core resources, provided by bilateral donors, and thematic funds, earmarked funds, UN pooled funds, vertical funds, financed by multilateral partners, have been determined. The analysis of development project financing within framework programs of UNDP and Ukraine partnerships shows trends to increase the total projects budget. The thematic areas, where most funding is directed to, have been defined. The practical significance of the results is the ability to use them for the development of strategic activities of partnership between Ukraine and UNDP.

19-26

Authors: Bezpartochnyi Maksim

The author’s approach to the essence of development strategies of trade enterprises are considered in the article. Kinds of development of businesses using the method of monographic studies are investigated. On international experience served characteristic basic development strategies of trade enterprises. Criteria of the development strategy of trade enterprises, which assigned a place in consumer market, product range, availability of technology, level of competition in trade, are identified. An algorithm for the formation and implementation of strategies for the development of trade enterprises, which provides for monitoring internal and external environment, the diagnosis of resource provision, model development of trade enterprises, is developed. The paths of development of trade enterprises in the long term that encouraged to use the planning system are formed. The principles of effective formation and implementation of development strategies of trade enterprises, based on the capabilities of the resource potential are defined. The market, technical and technological, organizational, innovation and information mechanisms for the formation and implementation of strategies for the development of trade enterprises are offered.

35-40

Authors: Goncharenko Elena

Theoretical issues of formation of the financial strategy of the enterprise in modern conditions of economic development are investigated in the article. Its place and importance in the overall strategy of the company, taking into account the features of decision-making, is justified. The steps of forming of a financial strategy are summarized. It is proved that the financial strategy is the basis of enterprise management and its industrial and economic, financial activities in today’s dynamic and competitive environment. The basic principles that can help to correct direction of financial strategy at the stage of its implementation, as well as to solve other tasks that provide enterprise to sustainable development, are investigated.

49-55

Authors: Dyma Oleksandr

The article analyses intermediation on the basis of transactional approach. The definitions of a transaction as the basic level of the intermediation process have been researched. It is considered, that the intermediation process consists of more than one transaction. It was proved that five intermediary types mediate different resources such as information, products, services, capital and human resource, which fulfill their functions in the mediation process. The author argues that coordination and integration of efforts and resources of participants of transactions should be fulfilled by the intermediary.

63-70

Authors: Кamynsкyi Pаvlo

The article analyses approaches to large industrial complexes’ strategies development. The major disadvantages of approaches to formation the development strategies of large industrial complexes are defined. It is refined, that the most common approaches to development of large industrial complexes’ strategies are innovation-investment approach on macro- and mesolevels, cluster approach and innovation-investment approach on mіcrolevel.

78-83

Authors: Murenko Tatyana

The article analyses theoretical approaches to definition of economic security in transport enterprises, summarizes and clarifies their content and scope. The evidence of influence on the railway sector safety is found in order to early warning and taking actions to improve. The dynamics of the share of railway transport in the total volume of cargo transportation in Ukraine is traced. It is proved that the adaptation of railway transport to changes in the external economic environment as direction to ensure the competitiveness of the industry is a necessary condition for the development and insurance of our country’s security. The directions of identification of sustainable development reserves as a source of economic security of railway transport are identified.

93-99

Authors: Rudenko Mykola

The article analyses different levels of maturity of enterprises in relation to possibilities of practical application and effective use of control system. Five levels of maturity are selected, a graphic model is built and differentiating of every level in control system by an enterprise is conducted. The problem aspects of construction of control system are found out and the ways of transition of enterprise on the higher levels of maturity with the purpose of increase of efficiency and effectiveness of functioning of control system are offered. The set of tools and mechanisms of intercommunication improvement between the different links of management and performers of works is investigated. The recommendations for the top management of organization in relation to validity of construction of control system and possibility of receipt of the desired result are formulated.

107-113

Authors: Khmelevska Alina

The main approaches to diagnosis of socio-psychological climate are investigated in the article. The three-step evaluation procedure of diagnosing and correction of the socio-psychological climate (identifying the micro- and macro-environmental factors which are forming socio-psychological climate, diagnosing its current state, correction of the climate) is proposed. The scale which allows to determine the favorableness degree of socio-psychological climate is formed. The formulas which allow to calculate integral indicators of socio-psychological climate for each administrative department of the enterprise management and separately for the company as a whole are proposed. The methodical provisions concerning diagnosis and correction of the socio-psychological climate of collectives are developed, using which allows the managers to be able to evaluate the climate as fully as possible and to make informed decisions on the choice of measures to improve its condition.