scholarly journals Integrated reporting of agricultural business entities as a factor of sustainable development in the Volgograd Region

2018 ◽  
Author(s):  
Victor Melikhov ◽  
Yulia Kusmartseva ◽  
Tatiana Chekrygina
Keyword(s):  
Sustainable Development ◽  
Integrated Reporting ◽  
Volgograd Region ◽  
Agricultural Business ◽  
Business Entities

scholarly journals Efficiency Assessment of Measures for Sustainable Development of the Region Under the Uncertainty of Coronavirus Crisis

2021 ◽  
pp. 145-154
Author(s):  
Tatiana Klenova ◽  
◽  
Victoria Batmanova ◽  
Oksana Vatyukova ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Negative Consequences ◽  
Public Authorities ◽  
The Sustainable Development ◽  
Regional Administration ◽  
Managerial Decisions ◽  
Efficiency Assessment ◽  
Volgograd Region ◽  
Business Entities ◽  
Regional Authorities

The article presents efficiency assessment of sustainable development measures in the region in the face of uncertainty caused by the COVID-19 pandemic. The economic crisis caused by the pandemic is one of the most serious in recent decades. Its global nature is due to the scale of economic and social losses, aggravation of production problems for many industries and enterprises. Like other regions of the Russian Federation, Volgograd region has repeatedly faced crises since the early 2000s, and each of them has become a new challenge for the regional administration system in terms of its ability to develop and take timely measures to overcome negative consequences. In the article, a number of indicators were analyzed for three consequent periods. The first one is 2019 in comparison with 2018. The second period is 2020 in comparison with 2019. The third one is the beginning of 2021 and each of them is characterized by the ratio of various factors that influence the behavior of business entities, population of the region, development and use of managerial decisions aimed at sustainable social and economic development of Volgograd region. The recovery from the pandemic crisis became the most important task for regional authorities, which is reflected in the set of measures aimed at support of the economy and social sphere of the region, incomes of the population and businesses. It became necessary for public authorities to improve new rules of work and decision-making mechanisms in order to respond to the current situation in a timely manner. The authors believe that the main factors of success of the measures implemented by regional authorities were their quality, timeliness and degree of compliance with the set goals. Analysis and generalization of management experience during the corona virus crisis allowed us suggesting long-term measures aimed at the sustainable development of Volgograd region.

The economic analysis of the impact of grand challenges on sustainability and continuity of business entities’ activities

2021 ◽  
Vol 20 (11) ◽  
pp. 1994-2020
Author(s):  
Nikolai P. LYUBUSHIN ◽  
Nadezhda E. BABICHEVA ◽  
Ol'ga M. KUPRYUSHINA ◽  
Dmitrii G. KHANIN
Keyword(s):  
Sustainable Development ◽  
Economic Analysis ◽  
Intellectual Capital ◽  
Methodological Approach ◽  
Grand Challenge ◽  
Integrated Reporting ◽  
Grand Challenges ◽  
The Face ◽  
Business Entities ◽  
The Impact

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.

scholarly journals Sustainable development of leading electricity generation companies in Ukraine: non-financial aspects

2019 ◽  
pp. 67-78
Author(s):  
Mariya Kuznetsova ◽  
Serhii Ponomarenko
Keyword(s):  
Sustainable Development ◽  
Performance Management ◽  
Electricity Generation ◽  
High Efficiency ◽  
Thermal Power ◽  
Secondary Data ◽  
Business Strategies ◽  
Integrated Reporting ◽  
Regulatory Policies ◽  
Business Entities

This paper deals with the issue of sustainable development and integrated reporting following the most recent guidelines for energy generation companies in Ukraine. The electricity generation sector is considerably prioritized throughout the world due to core international needs and responsible business strategies. In the course of the study, key performance peculiarities of leading electricity generation companies were revealed in the context of compliance with cross-sectoral requirements and global challenges. International regulatory policies establish sets of rules for governments, non-governmental organizations as well as business entities, so are to be thoroughly analyzed, obligatorily followed and successfully implemented within corporate codes. In this scope the main factors of the Ukrainian energy sector development prospects were identified in order to find out several opportunities for future growth and structural shifts. The theoretical base and practical background were indicated following the already established standards and widespread principles as well as mechanisms for corporate performance management and integrated reporting release. Comprehensive secondary data analysis enabled the efficient research conduction and led to profound results delivery predetermined by the aim of study. On the basis of data given in annual corporate reports as well as statistical data the comparative analysis of various non-financial initiatives and corporate social responsibility projects was held to reveal the most crucial differences in performance coverage and result improvement. The most substantial features of various electricity generation types were outlined in scope of national sectoral prerequisites, taking into account the primacy of nuclear and thermal power facilities in overall electricity generation in Ukraine. The significance of social and ecological programs, green strategies and structural shift plans, responsible policies and ethical guides were proved in terms of sustainable development and high efficiency, driven by both internal and external functional aspects.

scholarly journals TRENDS IN THE DEVELOPMENT OF REPORTING BY BUSINESS AND PUBLIC ADMINISTRATION ENTITIES

2021 ◽  
Vol 2021 (1) ◽  
pp. 54-68
Author(s):  
Galyna ISANSHYNA ◽  
Keyword(s):  
Sustainable Development ◽  
Public Sector ◽  
Financial Reporting ◽  
Legal Framework ◽  
Integrated Reporting ◽  
Financial Reporting Standards ◽  
High Urgency ◽  
Annual Reporting ◽  
Development Goals ◽  
Business Entities

The high urgency of reporting by business and public sector entities in Ukraine and the EU is confirmed by the fact that out of 34 speakers at the IFRS Forum – 2020 “Through Transparency to Sustainable Development: New Realities of the Profession” almost one in four chose it as the topic of their report. With this in mind, the main problematic aspects of reporting of domestic business entities in various sectors of the economy are researched, its development against the background of globalization, composition of the internal public sector researched. The requirements for the composition of the administration report and the management report in the context of the current legal framework are systematized. In recent years, integrated reporting has been gaining momentum in Europe, which should combine the information of disparate reports in order to be able to compare it by different subjects and periods. The composition of voluntary annual reporting of legal entities in Europe is considered and an assessment of their impact on the achievement of sustainable development goals is provided. One of the clearest trends over the last four years has been the increasing use of the term«integrated report» and the statement that reports have been prepared in accordance with the IIRC Conceptual Framework. The issue of complication of international financial reporting standards is considered and the analysis of standardization of non-financial reporting is carried out. It is determined that the reform of accounting and reporting in budgetary institutions is impossible without the introduction of the budget reporting system at the level of united territorial communities, districts and regions in parallel with decentralization and widespread use of non-financial reporting.

scholarly journals DEVELOPMENT OF FINANCIAL STRATEGY IN MANAGEMENT ACCOUNTING

2019 ◽  
Vol 14 (2) ◽  
pp. 170-175
Author(s):  
Гамлет Остаев ◽  
Gamlet Ostaev ◽  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Вячеслав Соколов ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Information Needs ◽  
Management Accounting ◽  
Management Tool ◽  
Financial Resources ◽  
Managerial Accounting ◽  
Financial Strategy ◽  
Agricultural Business ◽  
Business Entities

Under modern conditions, the existence of agricultural business in the market requires their sustainable development, which is a significant problem of management accounting. Development of financial strategy in management accounting, as it seems to us, for agricultural enterprises is not so much a necessary measure, as a management tool for business development. The development of the financial strategy of agricultural business includes strategic planning, management accounting, analysis and regulation of the use of financial resources. In addition, the development of financial strategy in management accounting allows you to adjust the targeted allocation of financial resources in the logistical financial system of agricultural business. Management accounting has all the tools and mechanisms to meet the information needs of users of all levels of management for the adoption of management accounting, including for the development of financial strategy. The importance of developing a managerial accounting for financial strategy in an enterprise is that finance is the source for developing the remaining strategies. Thus, financial resources are one of the main restrictions on the volume and activities of enterprises. Comparison of different approaches of researchers regarding the content of financial strategy in the management accounting of an enterprise shows that in modern conditions, the development strategy of agricultural business in general and its financial strategy, in particular, should be considered from the point of view of sustainable development, from the standpoint of social, environmental and economic sustainability of an enterprise. At present, the development of financial strategy in management accounting is a necessity for all business entities, regardless of the type of activity, who see their task in the progressive development and preservation of a stable position in the market.

Agrarian receipts as a tool for the structural transformation of financial and credit relations in the agrarian business of the region

2019 ◽  
pp. 40-53
Author(s):  
Yuliia Nehoda
Keyword(s):  
Comparative Analysis ◽  
Retrospective Analysis ◽  
Structural Transformation ◽  
Pilot Project ◽  
Bank Lending ◽  
Economic Benefits ◽  
Advantages And Disadvantages ◽  
New Instrument ◽  
Agricultural Business ◽  
Business Entities

The subject of the research – is a set of organizational-economic relations arising in the process of structural transformation of financial and credit relations in the agricultural business. The purpose of the article is a retrospective analysis of structural transformations of financial and credit relations in the agricultural business, evaluation of the effectiveness and feasibility of the introduction of agricultural receipts as a new instrument of lending to the agricultural business of the regions. Methodology of work – system-structural and comparative analyzes (to determine the effectiveness of the crediting mechanism according to the agricultural receipts of the farmers of the region); monographic (when studying the problems of the functioning of the mechanism of lending to agrarians by agrarian receipts) economic analysis (when carrying out a comparative analysis of the mechanism of classical bank lending to the agrarian business and the mechanism of lending to agrarians according to agrarian receipts); modeling and forecasting (when determining ways to overcome the existing deficiencies in the mechanism of lending to agrarian business entities of the region according to agrarian receipts). The results of the work – a retrospective analysis of the structural transformation of financial and credit relations in the agricultural business was carried out. The mechanism of crediting agrarians according to agrarian receipts and the scale of its distribution in the agrarian business of the region are considered. A comparative analysis of the mechanism of classical bank lending to the agrarian business and the mechanism of lending to agrarians according to agrarian receipts was carried out. In the framework of the pilot project “Agrarian receipts in Ukraine” of the international financial corporation (IFC) in partnership with the Swiss Confederation in Ukraine, the example of the Poltava region defined the effectiveness of the crediting mechanism according to the agrarian receipts of the agrarians of the region. The advantages and disadvantages of the mechanism of crediting the subjects of the agrarian business on agrarian receipts are noted. The ways to overcome the existing shortcomings of the mechanism of crediting the subjects of the agrarian business of the region according to agricultural receipts are determined. Conclusions – according to the results of the conducted research, the effectiveness of the mechanism of lending to the agricultural business of the regions according to agricultural receipts was proved, its advantages and disadvantages were noted, and attention was also focused. Proposed in Art. 7 of Law No. 5479-VI clearly delineate cases and restrictions on the debtor’s reimbursement of expenses incurred by the lender with the acquisition of the right to grow and harvest the pledged crop of agricultural products, which will ensure the principle of equality of parties on economic benefits and distribution of credit risks according to agricultural receipts.

Formation of information on social sustainability in the integrated reporting of agricultural enterprises

2020 ◽  
pp. 6-12
Author(s):  
Lyudmila Ivanovna Khoruzhy ◽  
Nina Yuiryevna Tryastsina
Keyword(s):  
Sustainable Development ◽  
Social Policy ◽  
Social Responsibility ◽  
Social Sustainability ◽  
Integrated Reporting ◽  
Agricultural Enterprises ◽  
Social Reputation

The article deals with the methodological and practical issues of the formation of information about social sustainability in the integrated reporting of agricultural enterprises. The proposed format for the block «Social sustainability» of the integrated report, which allows more fully disclose information on the policy of agricultural enterprises in the field of social responsibility and sustainable development. In this block, the indicators are structured according to the groups recommended by the GRI G4 Guidelines, in the context of the characteristics of the company’s human and social-reputation capital. For each of the groups, indicators are recommended that reflect the directions of the company’s social policy.

Board characteristics and the choice between sustainability and integrated reporting: a European analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Laura Girella ◽  
Stefano Zambon ◽  
Paola Rossi
Keyword(s):  
Sustainable Development ◽  
Voluntary Disclosure ◽  
Sustainability Reporting ◽  
Board Independence ◽  
Corporate Boards ◽  
Integrated Reporting ◽  
Content Type ◽  
Moderating Variables ◽  
Board Characteristics ◽  
Sustainability Report

Purpose The role that the board can have in influencing the adoption of non-financial reporting (NFR) by companies is a topic that has raised interest in the recent literature. However, very few have so far been said on the logic that underpins the selection by corporate boards of a particular model (sustainability and/or integrated). This study aims to examine if and to what extent board characteristics may influence the choice of companies to voluntarily publish a sustainability report, an integrated report or both of them, and if moderating variables, relating to incentives towards corporate transparency, may have an influence. Both of these types of reporting tools are in fact aimed at improving company disclosure towards sustainable development. Design/methodology/approach Through a multi-nomial regression analysis, this study tests the assumptions in a sample of companies listed on the Eurostoxx600 that adopt integrated or sustainability reporting or both of them for the period 2015–2018 for a total of 2,103 firm-years observations. Findings The results reveal that sustainability reporting is associated with board independence only, whilst the adoption of integrated reporting is influenced by board size and board independence. The same two variables influence also those companies that jointly adopt both sustainability and an integrated report. This confirms that integrated reporting requires more competencies and monitoring to be adopted. Furthermore, the results provide evidence that information asymmetry and financial constraints influence the decision of companies to publish the integrated report, sustainability report or both, whilst growth opportunities do not. Hence, moderating variables can have a role in explaining this association, and especially those that are related to the firm’s incentives related to the provision of financial capital by investors. Research limitations/implications This study contributes to the literature in three ways. First, it proposes an incremental analysis of the relationship between board characteristics and voluntary disclosure of integrated reporting, considering the effects of moderating variables on this association. Second, the above relationship is examined in a comparative way vis-à-vis the adoption of sustainability reporting. Third, it demonstrates that the analysis of these reporting tools can benefit from an understanding that relies on both agency and stakeholder theories, that have to be conceived somehow complementary. In terms of limitations, this study is exclusively focussed on larger European listed firms, and therefore, the findings may not be valid for small and medium firms and for companies operating outside Europe. Practical implications This study provides useful insights for managers and policymakers to better understand which are the characteristics of the board composition that can best encourage a company to pursue a reporting strategy based on sustainable development. This results to be particularly relevant and timely in the European context if the authors take into consideration the developments of the European Parliament and Commission towards the launch of a new legislative proposal on sustainable corporate governance in 2021. Originality/value The study contributes to the existing literature in two ways. First, it offers a unique perspective on the direct and indirect effects of board characteristics on the adoption of integrated and/or sustainability reports by examining it in a comparative perspective. Second, it further demonstrates that the analysis of NFR and especially integrated reporting might benefit from the adoption of multiple conceptual lenses, in this case, agency and stakeholder theories.

scholarly journals SPATIAL CONCEPT OF RATIONALE BEHIND ECOLOGICAL AND ECONOMIC DEVELOPMENT

2018 ◽  
Vol 2018 (11-12) ◽  
pp. 136-147
Author(s):  
Ihor BYSTRIAKOV ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Economic Activity ◽  
Natural Ecosystem ◽  
Spatial Concept ◽  
Economic Concept ◽  
Business Entities ◽  
Definition Of ◽  
Post Industrial ◽  
Platform Economy

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.

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