Business analytics in managing the links of the financial system in the digital economy

2020 ◽  
Vol 13 (4) ◽  
pp. 414-429
Author(s):  
O.E. Laktionova
Keyword(s):  
Intelligent Systems ◽  
Financial System ◽  
Digital Economy ◽  
Business Analytics ◽  
Management Efficiency ◽  
Tax Revenues ◽  
Indirect Financing ◽  
The Cost ◽  
Method Of Correlation ◽  
Significant Factors

Subject. The introduction of projects for digital economy development necessitates the improvement of the management efficiency of various elements of the financial system. Objectives. The aim of the study is to justify the need to use business analytics tools in managing the financial system in the digital economy, to show that in the model of financial outsourcing it is possible to apply the tools of predicative analysis, which is performed based on digital analytics platforms. Methods. The study rests on the use of one of the methods of predicative analysis, i.e. the method of correlation analysis. Results. Business analytics tools enable to unveil the most significant factors in the development of the income part of local budgets. The correlation matrix obtained through the analytical digital platform demonstrate that the strongest correlation in the income part of local budgets belongs not only to tax revenues, but also to inter-budget transfers. Business analytics tools help provide recommendations for increasing the amount of tax revenues to local budgets. The management cost can be reduced by using financial and tax outsourcing models. The paper shows that the use of modern predicative analysis tools will increase the management efficiency and enhance the effect of indirect financing by reducing the cost of tax administration. Conclusions. To accelerate the transition to the digital economy and to the digital region, it is important to actively use business analytics techniques and the methodology for modeling the innovative intelligent systems for decision-making, including the use of artificial intelligence tools.

The Race for Online Reputation: Implications for Platforms, Firms, and Consumers

2021 ◽  
Author(s):  
Mingwen Yang ◽  
Zhiqiang (Eric) Zheng ◽  
Vijay Mookerjee
Keyword(s):  
Adverse Event ◽  
Marketing Mix ◽  
Digital Economy ◽  
The Other ◽  
The Mean ◽  
The Absolute ◽  
The Cost ◽  
Online Reputation ◽  
Better Than

Online reputation has become a key marketing-mix variable in the digital economy. Our study helps managers decide on the effort they should use to manage online reputation. We consider an online reputation race in which it is important not just to manage the absolute reputation, but also the relative rating. That is, to stay ahead, a firm should try to have ratings that are better than those of its competitors. Our findings are particularly significant for platform owners (such as Expedia or Yelp) to strategically grow their base of participating firms: growing the middle of the market (firms with average ratings) is the best option considering the goals of the platform and the other stakeholders, namely incumbents and consumers. For firms, we find that they should increase their effort when the mean market rating increases. Another key insight for firms is that, sometimes, adversity can come disguised as an opportunity. When an adverse event strikes the industry (such as a reduction in sales margin or an increase in the cost of effort), a firm’s profit can increase if it can manage this event better than its competitors.

scholarly journals On financing the state assignments to higher education institutions to perform research and development projects

2021 ◽  
Vol 50 (2) ◽  
pp. 119-135
Author(s):  
Yu.D. Shmidt ◽  
◽  
L.A. Krokhmal ◽  
N.V. Ivashina ◽  
◽  
...  
Keyword(s):  
Higher Education ◽  
Research And Development ◽  
Higher Education Institutions ◽  
Planning Period ◽  
Research Activities ◽  
Russian Higher Education ◽  
Scientific Potential ◽  
The Cost ◽  
The University ◽  
Significant Factors

The paper presents the issues of higher education institutions research activities efficiency and financing. Empirical data on the Russian higher education institutions research activities efficiency have been investigated. A new model for higher education institutions research activities public financing has been suggested. The model developed a methodology for calculating subsidies for basic, guaranteed funding of scientific activities of universities, designed to compensate for the cost of simple reproduction of their scientific potential. The integral index, which allows accounting the influence of statistically significant factors on the total amount of research and development work performed by the University, is formed and justified by methods of econometric modeling. The proposed approach allows us to calculate the amount of guaranteed funding for the scientific activities of each university in the planning period with a known amount of financial resources allocated for the basic financing of scientific activities of universities in the country.

Liquidity, Risk Premia, and the Financial Transmission of Monetary Policy

2018 ◽  
Vol 10 (1) ◽  
pp. 309-328 ◽  
Author(s):  
Itamar Drechsler ◽  
Alexi Savov ◽  
Philipp Schnabl
Keyword(s):  
Monetary Policy ◽  
Risk Sharing ◽  
Financial System ◽  
Risk Premia ◽  
New Keynesian ◽  
Liquidity Premium ◽  
Impact Risk ◽  
The Cost ◽  
Transmission Of Monetary Policy

In recent years, there has been a resurgence of research on the transmission of monetary policy through the financial system, fueled in part by empirical findings showing that monetary policy affects asset prices and the financial system in ways not explained by the New Keynesian paradigm. In particular, monetary policy appears to impact risk premia in stock and bond prices and to effectively control the liquidity premium in the economy (the cost of holding liquid assets). We review these findings and recent theories proposed to explain them, and we outline a conceptual framework that unifies them. The framework revolves around the central role of liquidity in risk sharing and explains how monetary policy governs its production and use within the financial sector.

Financial Development and the Credit Cycle in Greece1

2017 ◽  
Author(s):  
Michael Haliassos ◽  
Gikas Hardouvelis ◽  
Margarita Tsoutsoura ◽  
Dimitri Vayanos
Keyword(s):  
Financial Regulation ◽  
Financial System ◽  
Equity Capital ◽  
Cost Of Equity Capital ◽  
Debt Overhang ◽  
Boom And Bust ◽  
Greek Economy ◽  
The Cost ◽  
Long Term Performance ◽  
Boom And Bust Cycle

This chapter reviews the developments in Greece's financial system since the beginning of the crisis. The chapter places them in a broader context by (i) evaluating the long-term performance of Greece's financial system in comparison to other countries, and (ii) reviewing the credit boom-and-bust cycle that Greece has experienced since Euro entry. Risks in the Greek economy remain overly concentrated to those originating them and are not well diversified. By raising the cost of equity capital for firms, this impedes investment. It also drives up corporate leverage, thus making the economy more vulnerable to shocks. These vulnerabilities manifested themselves even before the sovereign crisis hit. Strengthening investor protection, through improvements in the justice system and financial regulation, is an important part of the solution. In the shorter run, the debt overhang problem in the private sector should be addressed. The chapter discusses policy options to achieve these goals.

scholarly journals The Utilization Of Financial Information System To Support The Creation From Budget Costs Using e-Budgeting

2019 ◽  
Vol 3 (2) ◽  
pp. 119-125
Author(s):  
Dewi Immaniar ◽  
Mulyati Mulyati ◽  
Ulfatul Jannah Putri Musliawati
Keyword(s):  
Information System ◽  
Local Government ◽  
Computer Program ◽  
Financial System ◽  
Financial Information ◽  
Cost Transparency ◽  
The Creation ◽  
The Cost ◽  
Access Data ◽  
The Way

In an era of modernization as this is now very much in the development of applications that make use of the computer program. One of them, namely the creation of the budget costs using e-budgeting application. What is the e-budgeting? E-Budgeting is a financial system that is stored online with the aim of transparency for each party. This system is applied as documentation for the preparation of the budget is usually in an area. Anyone can access data budget compiled by a local government so hopefully can prevent attempts of embezzlement of funds. The application of e-budgeting was chosen because it can bring cost transparency can be seen by anyone who is shown through the website. The results presented in this study is the use of proven e-budgeting nature of transparency compared with the way that still are conventional. Keywords: The cost of the e-budget, budgeting, budget transparency.

scholarly journals E-Government Development & Digital Economy: Relationship

2020 ◽  
Vol 6 (1) ◽  
pp. 39-54
Author(s):  
Mohammad Gias Uddin ◽  
Mohin Uddin
Keyword(s):  
Economic System ◽  
Financial System ◽  
Demographic Variables ◽  
Digital Economy ◽  
High Quality ◽  
Digital Infrastructure ◽  
Sample Information ◽  
The Look ◽  
The Impact ◽  
Government Development

The main objective of this examine is to explore the elements that influencing the digital economic system and E-government courting. Commonly, the examiner is to analyze the impact of demographic variables are gender and schooling stage; as well as digital infrastructure, virtual readiness, virtual content material, and offerings on the digital economy in Malaysia. A minimum overall of 384 questionnaires could be disbursed to the goal respondents to collect the sample information. Four hypotheses helping to the developed to survey the particular targets of the examiner. Demographic variables expected to have a high-quality enormous relationship with the virtual financial system. Last however now not least, the findings of the look at shall offer statistics to E-government to understand what factors will affect the virtual economic system. Except, it shall additionally provide useful information for E-government to higher fit their people’s needs. The elements decided to boom high-quality dating among E-government and virtual financial system in Malaysia.

scholarly journals Transportation habits and opinions of railway users in Athens, Greece

2021 ◽  
Vol 899 (1) ◽  
pp. 012065
Author(s):  
Georgia Chira ◽  
Dimitra Kaika ◽  
Fotini Kehagia ◽  
Efi Drimili ◽  
Zoe Gareiou ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Questionnaire Survey ◽  
Economic Recession ◽  
Economic Life ◽  
Level Of Service ◽  
Transportation Mode ◽  
Transportation Modes ◽  
The Cost ◽  
Of Greece ◽  
Significant Factors

Abstract The Greek economic crisis of 2009 onwards has affected all aspects of social and economic life of the country, including transportation. Taking into account the link between the economic crisis and transportation, the present study aims to investigate the way that the economic crisis has affected the interurban travel rail habits of the citizens of Athens, the capital of Greece. We conducted a study, using a questionnaire survey with 400 participants, to investigate the general trends concerning the purpose and the frequency of railway travelling and the restrictions of their travel activities due to the economic recession. The results of this study show that more than half of respondents declared that there is not any great difference in their use of rail as transport during last years, while they express a positive opinion as they attribute it to the higher safety and comfort of railway compared to other transportation modes. However, the cost of the ticket and the provided level of service are two significant factors for the participants for the choice of their transportation mode.

scholarly journals Improvement of Management Efficiency of Material Resources in Service Sphere

2019 ◽  
Vol 8 (12) ◽  
pp. 1740-1745
Keyword(s):  
Material Resources ◽  
Management Efficiency ◽  
Main Factors ◽  
The Cost ◽  
Nizhny Novgorod Region

The article considers the problem of improving the management of the material resources in a service enterprise. The authors suggest a methodology for determining the ratio of costs for material resources and the cost of providing services, with optimal delivery terms, quality, volume and nomenclature of material resources at hospitality enterprises. Practical use of the proposed methodology was tested at the service enterprises of the Nizhny Novgorod region. The article examines the directions of increasing the efficiency of use of material resources based on an analysis of their correlation and distribution relative to the value of the number of rooms of hospitality enterprises. The article examines the main factors that affect the efficiency of the use of material resources and suggests approaches which improving their effectiveness by the example of a service enterprise.

scholarly journals Model of the hospitality industry development based on the cost approach

2021 ◽  
Vol 244 ◽  
pp. 10035
Author(s):  
Oksana Pirogova ◽  
Vilena Zasenko
Keyword(s):  
Real Estate ◽  
Strong Relationship ◽  
Forecast Period ◽  
Final Model ◽  
The Past ◽  
Almost All ◽  
The Cost ◽  
Exponential Smoothing Method ◽  
Positive Effect ◽  
Significant Factors

Apartments have become a new trend in the market over the past few years. This type of real estate is becoming more and more popular every year, both among investors and tourists. The purpose of the article is to make a forecast of prices for apartments in St. Petersburg. Research methods: description, comparison, analogy, generalization and analysis. In the course of the study, the dynamics of changes in prices per square meter of apartments in St. Petersburg for 2014-2019 is considered; the main factors influencing the price index of apartments in St. Petersburg are identified. The influence of the identified factors on the price indicator is analysed on the basis of multiple linear regression. The study showed that almost all factors have a fairly strong relationship with the resulting indicator. The most significant factors are identified, on the basis of which the final model of the cost of apartments is built. On the basis of the exponential smoothing method, an assessment of changes in factors in the forecast period was made and a forecast of apartment prices was made based on the obtained values. The study shows that apartment prices will rise in the coming period. The forecast of the cost of service apartments developed by the authors can have a positive effect when conducting real estate transactions in St. Petersburg.

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