Economic analysis of business entities' sustainable development under cyclicality

2018 ◽  
Vol 17 (1) ◽  
pp. 4-17 ◽  
Author(s):  
N.P. Lyubushin ◽  
◽  
N.E. Babicheva ◽  
A.I. Lylov ◽  
◽  
...  
2020 ◽  
Vol 19 (12) ◽  
pp. 2253-2275
Author(s):  
N.P. Lyubushin ◽  
N.E. Babicheva ◽  
A.I. Lylov ◽  
E.I. Pulyakhin

Subject. "Grand challenges", creating risks and threats to economic development, are an important factor to assess new opportunities and reserves for business entities' development, which provide for business continuity. To manage business entities in the face of "grand challenges", it is necessary to devise accounting and analytical support and a system of indicators to ensure the sustainability of development and the continuity of operations. Objectives. The aim is to substantiate a model characterizing "grand challenges" and to determine quantitative and qualitative indicators that describe the sustainability of development and business continuity of economic entities at various hierarchical levels. Methods. The methodology of the study rests on the resource-oriented approach. We developed and tested it through the economic analysis of sustainable development of economic entities. Results. We present a model, describing "grand challenges", identify prerequisites for their emergence, on the basis of which a system of indicators is developed. We also identify indicators, characterizing the sustainable development and ensuring the business continuity at various hierarchical levels, and threshold levels of indicators of sustainable development in the face of "grand challenges". Conclusions. The developed model will enable to expand the methodology for economic analysis and build a system of indicators that help determine the reserves and new conditions for the functioning of business entities during the transition to a new stage of development.


2021 ◽  
Vol 20 (11) ◽  
pp. 1994-2020
Author(s):  
Nikolai P. LYUBUSHIN ◽  
Nadezhda E. BABICHEVA ◽  
Ol'ga M. KUPRYUSHINA ◽  
Dmitrii G. KHANIN

Subject. The article addresses the need to develop new methodological tools for assessing threats to and opportunities of sustainable development of business entities, enabling to adequately reflect their activities in the analysis of their interaction in rapidly changing economic conditions. Objectives. The aim is to underpin a methodological approach to the formation of indicators for assessing the sustainable development of business entities in the face of grand challenges, which rests on the grouping of indicators according to the type of economic development. Methods. The study draws on resource-oriented approach, which we developed and tested in the economic analysis of sustainable development of business entities, and statistical methods. Results. Based on the methods of cognitive and resource-oriented analysis, we defined a set of basic indicators, characterizing the intellectual capital. The implementation of the methodological approach enabled to identify two baseline indicators of intellectual capital involved in the formation of a Grand Challenge, i.e. the number of computers with access to global information networks and the cost of patents and licenses for inventions, industrial designs, utility models. We developed and evaluated integrated indicators of intellectual capital to determine the possibilities of sustainable development of economic entities of the Russian Federation. Conclusions. The offered approach helps define a set of indicators of different types of capital to be included in the integrated reporting and analysis of possibilities of economic entities’ sustainable development in the face of grand challenges. The produced set of indicators is basic and may change.


Author(s):  
Oksana Klymenko ◽  
Svitlana Mala

Relevance of research topic. The global economic trend is characterized by the “greening” of investment processes in order to ensure sustainable development. One of the instruments of attracting green investments in the economy is green bonds. In this regard, there is a need to create and operate a green bond market in Ukraine. Formulation of the problem. Ukraine has joined the global institutions promoting sustainable development and has declared the transition to a “green” economy, so analysis of foreign experience is needed to develop recommendations to a regulatory framework that will help solve the problem of attracting “green” investments in the Ukrainian economy. Analysis of recent research and publications. Among scientists and practitioners dealing with the problems of green investments, we should mention O. Veklic, Y. Podvisotsky, K. Markevich, M. Grityshina, A. Frolov. Selection of unexplored parts of the general problem. The issue of using green bonds to finance environmental projects in Ukraine remains poorly understood. Setting the task, the purpose of the study. The purpose of the study is to analyze the global trends in the green bond market and to develop recommendations for using this type of bond to finance environmental projects in Ukraine. Method or methodology for conducting research.  The theoretical basis of the study is the dialectical method of cognition and a comprehensive approach to the study of economic processes in the financial sphere. The following special methods of research were used: historical and economic analysis; statistical and economic analysis; abstract-logical analysis; graphic methods. Presentation of the main material (results of work). The article reveals the positive dynamics of the global green bond market development, and determines that this type of investment is an important segment for Ukraine, which is a member of the world institutions for sustainable development. The state of the regulatory framework in Ukraine, which regulates the circulation of green bonds, is considered. The concept of introduction and development of the green bond market in Ukraine is recommended. The field of application of results. The results of the study can be used in the national financial system. Conclusions according to the article. Analysis of the global market for green bonds has led to the conclusion that this financial segment is characterized by a progressive and positive development. Green bonds have created a new way of attracting investors to green assets, the advantage of which is that investors are involved in the issue of these financial instruments, which put environmental responsibility first. Creating a market for green bonds in Ukraine will allow us to accumulate and direct financial flows for the development and financing of domestic green projects.


2018 ◽  
Vol 2018 (11-12) ◽  
pp. 136-147
Author(s):  
Ihor BYSTRIAKOV ◽  

For Ukraine’s conditions, it is important to find new forms of organization of economic activity, which will ensure the overcoming of “catching-up” of the world economy. It is advisable to solve the problem in terms of determining the features of the national space for sustainable development. At the same time, objectively, there is a need to adapt the definition of “space” as such to the practice of environmental and economic development management. From a methodological standpoint, the issue is to use the post-industrial approaches to define economic processes with a focus on the category of “interest”. Since economic space of the post-industrial type is formed by the flows of “interests” of business entities, which circulate and determine its structure, attention is focused on domination of energy and information in communicative processes. From the standpoint of the functioning of a proper communicative field, the effect of economic activity is provided by reducing the parameters of transaction duration and then reducing the costs to a corresponding acceptable level. Evolution of the communication system indicates a change in the nature of interaction of business entities with environment. The main issues are the ecological and economic encodings of the life space, which gradually transform into everyday reality and form the corresponding cognitive frames. Therefore, an important point is the search for modern forms of economic self-sufficiency of functioning of ecological systems at the level of requirements for their safe existence at the expense of rational use of natural resources assets. The author emphasizes the expediency of focusing on decentralized forms of managing the process of ensuring the ecological and economic development of territories, taking into account the relevant competences of local economic systems within the definition of their communication fields. Aforementioned approach can be fully solved in the framework of the so-called platform economy. As a phenomenon of macroeconomic level, the platform economy provides guidance on changing the mechanism of cost formation at the grassroots level. The ecological and economic concept of sustainable development fits into general trends associated with transformation of the markets towards expansion of network interactions, since business as well starts to develop according to the similar to natural ecosystem laws.


This article reveals the value of statistical data disclosed in the reporting on the sustainable development of economic entities in unstable economic conditions. The principles and methods of preparing reports on sustainable development of economic entities are determined. The fundamental principle of sustainable development is the requirement of the necessary compliance with the criteria of sustainability. According to the concept of sustainable development for economic subjects, it is necessary to form ways of the long term strategic development in order to increase business value taking into account the requirements of socio-economic and environmental responsibility, which determine the priority of providing information including statistical data for conducting the research. The involvement of economic entities in the concentration of sustainable development through reporting for the stakeholders will allow society to get the greatest effect from the activities of such business entities


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