scholarly journals FINANCIAL SUPERMARKET AS A COMPLEX MODELS OF THE SYSTEM OF IMPROVING QUALITY OF FINANCIAL SERVICES

2017 ◽  
pp. 60-72
Author(s):  
Volodymyr KOSTETSKYY ◽  
Andriy BUTOV
Keyword(s):  
Financial Market ◽  
Financial Services ◽  
Financial Intermediaries ◽  
Modern World ◽  
Competitive Advantages ◽  
Theoretical Substantiation ◽  
Advantages And Disadvantages ◽  
Complex Models ◽  
Functional Purpose

Introduction. The problems of efficient functioning of financial intermediaries in general and integrated financial intermediaries - financial supermarkets in particular, which are created as a result of integration-convergent processes in order to expand the spectrum of financial services, are today topical issues that should be in the field of scientific research. Purpose. Finding out the place of financial supermarkets among financial intermediaries operating in the financial market and the theoretical substantiation of their role in building a model of the system for improving the quality of financial services. Results. The tendencies of development of financial intermediaries in the conditions of globalization are determined and on this basis the factors, which determine the transformation of their functional purpose, are substantiated. The analysis and systematization of theoretical and practical aspects connected with the estimation of prospects of financial supermarkets in comparison with traditional methods of realization of financial services is carried out. The advantages and disadvantages of functioning of financial supermarkets and the main barriers that hinder their proliferation on the financial market of Ukraine are determined. Conclusion. Financial supermarket is a new form of distribution of financial services that meets the economic and technological requirements of the modern world. Principal features that distinguish it from other financial intermediaries give it a number of competitive advantages. However, domestic realities show the existence of a large number of barriers that impede the creation and development of financial supermarkets in Ukraine. Overcoming them will allow the expansion of the market of integrated financial intermediaries and lead to the development of new forms of functioning of financial capital.

scholarly journals Systematic Analysis of Literature on the Marketing of Healthcare Systems. Challenges for Russian and Romanian Healthcare Systems

Healthcare ◽  
2021 ◽  
Vol 9 (6) ◽  
pp. 656
Author(s):  
Vladimir Bulatnikov ◽  
Cristinel Petrişor Constantin
Keyword(s):  
Quality Of Healthcare ◽  
Healthcare Systems ◽  
Business Environment ◽  
Competitive Advantages ◽  
Systematic Analysis ◽  
Scientific Databases ◽  
Advantages And Disadvantages ◽  
Funds Allocation ◽  
New Perspective

This paper aims at finding the most dominant ideas about the marketing of healthcare systems highlighted in the mainstream literature, with a focus on Russia and Romania. To reach this goal, a systematic analysis of literature was conducted and various competitive advantages and disadvantages of the medical models that require special attention from the governments are considered. In this respect we examined 106 papers published during 2006 to 2020 found on four scientific databases. They were selected using inclusion and exclusion criteria according to PRISMA methodology. The main findings of the research consist of the opportunity to use marketing tools in order to improve the quality of healthcare systems in the named countries. Thus, using market orientation, the managers of healthcare systems could stimulate the innovation, the efficiency of funds allocation and the quality of medical services. The results will lead to a better quality of population life and to an increasing of life expectancy. As this paper reviews some articles from Russian literature, it can add a new perspective to the topic. These outcomes have implications for government, business environment, and academia, which should cooperate in order to develop the healthcare system using marketing strategies.

scholarly journals Environmental awareness and development of the financial market

2020 ◽  
Vol 164 ◽  
pp. 09043
Author(s):  
Elena Semenkova ◽  
Ludmila Andrianova
Keyword(s):  
Stock Market ◽  
Financial Market ◽  
Financial Services ◽  
Environmental Behavior ◽  
Rapid Development ◽  
Environmental Awareness ◽  
Financial Statements ◽  
Russian Stock Market ◽  
Domestic Stock

The relevance of the paper is caused by the need to find new channels to attract public funds to the domestic stock market. It is known that the population of Russia invests in securities no more than 5% of their savings. The study of the pro-environmental behavior of investors in the Russian stock market seems to be very relevant and useful in line with the policy of the Bank of Russia in the financial market. In the “Guidelines for the Development of the Russian Financial Market in 2019 – 2021”, it was noted that the rapid development of financial technologies, changing consumer demands, the growing cross-border nature of financial services, new approaches to regulation in the world create additional opportunities for the development of the domestic stock market [1]. The subject of the study is the pro-environmental awareness of investors in the stock market, which results in the formation of a new investment quality of green bonds. The aim of the study is to identify the factors and conditions of pro-environmental behavior of investors in the Russian stock market, ensuring the development of green financing mechanisms. Methodology. To study the pro-environmental behavior of investors in the Russian stock market, the main factors that influence the pro-environmental behavior of investors in the Russian stock market and the practice of disclosing non-financial statements by issuers of green bonds in the stock market are systematized. In substantiating the findings, comparative, economic and statistical methods of analysis were used.

scholarly journals Research and methodological framework for managing the economic security of financial intermediaries in Ukraine

2018 ◽  
Vol 13 (4) ◽  
pp. 119-130
Author(s):  
Nataliia Zachosova ◽  
Nataliia Babina ◽  
Volodymyr Zanora
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Security Management ◽  
Economic Security ◽  
Financial Intermediaries ◽  
Financial Security ◽  
Advantages And Disadvantages ◽  
Banking Institutions ◽  
High Level ◽  
Conceptual Foundations

The effective management of economic security of financial and banking institutions at the application level is not possible without formulating the conceptual foundations of this process in the research and methodological plane. With that, the management system should take into account the specifics of financial intermediaries, which requires the development of specific research and methodological approaches. The purpose of the study is to generalize the conceptual framework for economic security management of banking and parabanking financial institutions as an integral part of ensuring the economic security of the financial market and financial security of the state. The authors propose an algorithm for managing the system of economic security of banks and other financial institutions, and identify the features, advantages and disadvantages of models for providing economic security. It is proved that managing the economic security system should consider the type of an institution, its size, the adequate personnel availability, and financial, information and material support. Consequently, effective economic security management should ensure its high level, and, therefore, partially solve the problem of regulating banking security, the financial market security, and, as a consequence, the financial security of the country.

Key Concepts in General Theory of Management in Innovative Society

2014 ◽  
pp. 210-215 ◽  
Author(s):  
Aleksei Ponukalin
Keyword(s):  
Human Capital ◽  
Collective Intelligence ◽  
Modern World ◽  
Competitive Advantages ◽  
New Paradigm ◽  
Innovative Economy ◽  
The Moment ◽  
The One

The features of the modern world community in its transition to a phase-risk existence represent a socio- economic study on developing a model of an innovative society that is adequate to the conditions of the global crisis. A key problem of long-term development is the development of man, his social and natural environment but the key subjects of long-term planning are an innovative development and new quality of human capital since the quality of human capital is one of our competitive advantages. The economy must be innovative and the innovative economy must be created by “the innovative” person. Consequently such a person has to be available but for the moment there is no such massive phenomenon on a national scale. In terms of social and economic bases of social development the necessity of administration is determined by division of labor on the one hand and by the need for its cooperation on the other. The modern new paradigm of public administration is more likely based on the idea of more and more complete inclusion of a creative person into the structure of the subject of management connected with collective intelligence that transforms the society, as described in this chapter.

scholarly journals THE IMPERATIVES OF INCREASING THE COUNTRIES COMPETITIVENESS IN THE GLOBAL FINANCIAL SERVICES MARKET

2018 ◽  
pp. 98-109
Author(s):  
E. Voinova
Keyword(s):  
Financial Services ◽  
The State ◽  
Educational Institutions ◽  
Competitive Advantages ◽  
Theoretical Substantiation ◽  
Key Points ◽  
The World ◽  
State Educational

There is a theoretical substantiation of the concept of increasing the competitiveness of countries in the world financial services market in the article. The key points to be based are the components of the country's competitiveness in the world financial services market. It is determined that exporters, the state, educational institutions, the whole industry are the parties who in one way or another are competent to raise certain elements of the country's competitiveness. But this approach contradicts the statement of M. Porter, who emphasized that competitiveness can be increased by companies during their competition only, and any attempts to intervene by the state to weaken it lead to the loss of competitive advantages.

scholarly journals Types of Digital Innovations on the Financial Market (Financial Law Aspects)

2020 ◽  
Vol 12 ◽  
pp. 23-27
Author(s):  
Aleksandr V. Kartashov ◽  
Keyword(s):  
Development Strategy ◽  
Financial Market ◽  
Financial Services ◽  
Legal Regulation ◽  
Practical Significance ◽  
Regulation Mechanism ◽  
Existing Problems ◽  
Level Of Economic Development ◽  
Financial Market Development

Purpose. This article is devoted to the consideration of legal approaches to the description of digital financial innovations in the financial market. The author strives to identify the features of the legal regulation mechanism and the prospects for introducing innovations in the process of providing financial services by credit and non-credit financial organizations. Methodology: analysis, synthesis, induction, deduction, comparative legal and structuralsystem approaches. Results. The author points out that the lack of legal consolidation of the types of innovations in regulatory legal acts is due to their universal nature and does not depend on the level of economic development and the type of legal system. The introduction of digital innovations in the financial market is designed to improve the quality of services provided to consumers, which at the present stage is supported by the adopted basic regulations and correlates with the goals of the financial market development strategy developed by the relevant regulators, in particular the Central Bank of the Russian Federation. Scientific and practical significance. The article aims to systematize existing research developments in the field of digital innovations in the financial market, which involves analyzing their features, as well as identifying existing problems, the solution of which will contribute to the development of law enforcement practice in this direction.

scholarly journals FINANCIAL MARKET OF UKRAINE - A MODERN LOOK AT THE ESSENCE OF THE CONCEPT

2019 ◽  
pp. 13-20
Author(s):  
I. Blahun
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Financial Services ◽  
Basic Function ◽  
Insurance Companies ◽  
Financial Resources ◽  
Financial Intermediaries ◽  
Financial Instruments ◽  
Investment Funds ◽  
The Impact

The article presents a modern view of understanding of "financial market" concept, as the development of financial technologies gradually influences the change of paradigm of its functioning, new financial institutions, institutions of market infrastructure, financial instruments are emerging, as well as the development of forms of alternative financing. On the base of the systematization, it is determined that the term "financial market" in the current scientific literature is considered from three positions, first as a mechanism of distribution of financial resources, secondly, as a system of economic relations, and thirdly as a set of markets and institutions. As a result of the research on the contrary to the popular opinion that the financial services market and the financial market are two separate markets, it has been substantiated that the financial services market is a part of the financial market, because financial instruments are formed through the provision of financial services. The financial market and the market of financial services have common subjects - financial intermediaries (banks, insurance companies, non-government pension funds, investment funds, etc.), but at the same time the objects of these two markets are different. Financial instruments are objects for financial markets, and services – for the market of financial services. Through the process of financial services providing, financial intermediaries ensure the fulfilment of the basic function of the financial market, which is the redistribution of financial resources in the economy, thereby creating financial assets, liabilities, etc., which is the basis for the formation of financial instruments. Taking into account of the impact of fintech on the development of the financial market, author's definition was presented in this work as a system of financial institutions (market subjects), which create the conditions for transactions with financial instruments of economic agents (market objects) using appropriate infrastructure and financial technologies. Transfer of flows of financial resources in the economy at national, subnational and global levels, adequate assess of financial risks and ability to absorb exogenous and endogenous shocks were determined as a purpose of the functioning of the financial market. Keywords: fintech, financial instruments, financial institutions, financial services market, financial system, financial services..

scholarly journals Competition and cooperation between fintech companies and traditional financial institutions

2020 ◽  
Vol 166 ◽  
pp. 13028
Author(s):  
Anatoly Suprun ◽  
Tetiana Petrishina ◽  
Iryna Vasylchuk
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Financial Services ◽  
New Technologies ◽  
Digital Technologies ◽  
Modern World ◽  
Market Participants ◽  
Competition And Cooperation ◽  
The Core ◽  
Near Future

The modern world is changing rapidly under the influence of digital technologies. This also applies to the financial sector of the economy. Since the mid-2000s, new fintech companies have entered the market. These companies are using new technologies to improve existing and create new financial services. In the course of their development, the interests of new market entrants often overlap with those of traditional participants, mainly banks. Investigation of the relations between fintech companies and traditional financial institutions gives an opportunity to form an idea of the financial picture of the near future. The research of the relations between fintech companies and traditional financial institutions gives an opportunity to form an idea of the financial picture of the near future. The article considers both aspects of competition and aspects of possible cooperation between financial market participants in a digital economy. The results of the scientific research demonstrate that cooperation will prevail over the competition. Probably existing financial institutions will reformat their architecture and become digital ones at the core.

scholarly journals Business strategies: Advantages of outsourcing in companies

2019 ◽  
pp. 21-26
Author(s):  
Sandra Juarez ◽  
Carlos Tosca ◽  
Francisco Jimenez
Keyword(s):  
Qualitative Approach ◽  
Business Strategies ◽  
Competitive Advantages ◽  
Advantages And Disadvantages ◽  
Inductive Type ◽  
Trained Personnel ◽  
Market Trends ◽  
High Degree ◽  
Phenomenological Design

The objective of the research is to know the advantages and disadvantages of the use of outsourcing in companies in the Centro, Tabasco. The research is of inductive type with qualitative approach and a phenomenological design, the analysis units were 20 companies that have used this administrative tool, which the owners, managers or personnel in charge of contracting the services, tell their experiences about outsourcing. The results obtained that the business benefits are the use of outsourcing are the decrease of the workload and the assignment of highly trained personnel, also as a conclusion they mention that the hiring of outsourcing is through recommendations of other entrepreneurs, which include positive comments, quality of service, professionalism among others, in addition to the fact that workers who are hired under this modality are committed, with a high degree of responsibility in the development of their activities. It is concluded that the benefits granted by outsourcing are competitive advantages that serve to face market trends, which create benefits for workers and entrepreneurs.

scholarly journals FINTECH AND COMMERCIAL BANKS: COMPETITION AND OPPORTUNITIES OF COOPERATION

2020 ◽  
pp. 217-224
Author(s):  
Nataliia Dzhuruk
Keyword(s):  
Financial Market ◽  
Commercial Banks ◽  
New Technologies ◽  
Rapid Development ◽  
Theoretical Substantiation ◽  
Market Participants ◽  
Advantages And Disadvantages ◽  
Market Shares ◽  
The One ◽  
Response To Environmental Change

Introduction. Recent fundamental changes have taken place in all spheres of society, primarily related to the development of technology. The financial sector is no exception: every year both consumers of financial products and services and their producers are more and more committed to the introduction of new technologies. The pioneers of these changes are FinTech companies, which have managed to achieve significant development over the last decade, and which continue to grow. Traditional financial intermediaries are beginning to be wary of their market shares and see FinTech companies as new competitors. However, it is thanks to them that the financial market can reach a new level, and if their efforts are combined with the knowledge and experience of commercial banks - titans of financial intermediation, a number of benefits for them and for the financial system as a whole will be got. Purpose. The article aims to research the reasons for the rapid development of FinTech companies, possible ways of cooperation between them and commercial banks and the benefits that financial markets will receive from these associations. Method (methodology). General scientific research methods, such as analysis, synthesis and deduction, methods of theoretical substantiation, statistical analysis, comparison, abstract-logical, graphical and tabular methods were used. Results. The article describes the main advantages and disadvantages of FinTech companies compared to commercial banks, which are, on the one hand, their innovation, adaptability and speed of response to environmental change, and, on the other hand, the presence of additional risks. According to this, the prospects of cooperation between FinTech companies and commercial banks and the benefits that will be received by all financial market participants were considered. The article also outlines what activities banks and FinTech companies will engage in as part of such cooperation and what stages they will need to go through to achieve maximum results.

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