Purpose of the research. The main purpose of the article is to improve methodological support for the assessment of the financial security of the state, taking into account the impact of budgetary policy. Methodology. During the study the following methods were applied: comparative analysis, integral estimation, normalization of indicators, component analysis, method of principal components, etc. Results. In the course of comparing the existing methodological support for the financial security assessment, it is justified, notwithstanding the existing shortcomings, the expediency of applying in the analytical work the Methodological recommendations for the calculation of the economic security level of Ukraine of the Ministry of Economic Development and Trade of Ukraine (2013) and the necessary calculations of the level of financial security of Ukraine for 2009-2018. Additional financial security indicators are proposed, taking into account the priority of its budget component, in particular, the share of revenues from the National Bank of Ukraine (NBU) in the state budget revenues (for banking security), the ratio of the pension contributions of non-state pension funds to the own income of the Pension Fund of Ukraine (PFU) market), government revenue as a percentage of consolidated budget expenditures and the share of public servicing and debt repayment expenditures in consolidated budget expenditures (for debt security), expenditures and for servicing and repayment of public debt as % of gross domestic product (GDP) (for fiscal security); consolidated budget revenues in USD US (for currency security), consumer loans to households, % of household income, and lending to consolidated budget expenditures (for monetary security). On the basis of regression analysis, where sub-indices of functional constituents are taken by factor signs, and the integral indicator of financial security is obtained as a result sign, the reliability of the calculations is confirmed. Practical meaning. The calculated sub-indices of the functional components of the financial security of Ukraine and the integrated indicator for 2009-2018 can be used in the development of plans, forecasts, strategies for socio-economic development of Ukraine. Prospects for further research of the author are to study the impact of budgetary policy on the state of financial security of Ukraine.
Статтю присвячено розробленню концепції управління інвестиційно інноваційними ресур сами підприємства, в основі якої лежить функціональна система управління, що складається із планування, організації, мотивації та контролю. Актуальність дослідження зумовлена гло бальними господарськими процесами та конкуренцією, котра в епоху цифровізації стає все більш жорсткою та вимагає інноваційних та навіть революційних підходів до ведення бізнесу. Розкриття інноваційного потенціалу компанії можливе завдяки ефективному управлінні інно ваційно інвестиційними ресурсами підприємства. Мета дослідження -розроблення концепції управління інвестиційно інноваційними ресур сами підприємства в контексті функціональної структури управління з використанням практич них інструментів реалізації інноваційного потенціалу та забезпечення конкурентоздатності в умовах цифрової економіки. У результаті дослідження розроблено концепцію управління інноваційними та інвестиційни ми ресурсами, описано послідовність планування, організування, мотивації та контролю за використанням зазначених ресурсів, виокремлено інструменти реалізації інноваційного потенІнвестиції: практика та досвід № 2/2022 68 ЕКОНОМІЧНА НАУКА ціалу, що виражені в удосконаленні інформаційних, трудових та фінансових ресурсів. Визна чено, що електронна комерція дозволяє розширити межі збуту компанії та вивести її на більш високий рівень, ефективні команди забезпечують стійкість розвитку, а управління грошовими потоками створює фінансове забезпечення реалізації зазначеної цілі. The article is devoted to developing the concept of enterprise investment innovation resources management, which is based on the functional management system consisting of planning, organization, motivation, and control. Although the study reveals the problems of investment and innovation management, it gives recommendations for solving the innovation problem based on the developed set of tools for managing information, labor, and financial resources. The study aims to develop the concept of enterprise investment and innovation resources management in the context of a functional management structure using practical tools for realizing innovation potential and ensuring competitiveness in a digital economy. The study's relevance is due to global economic processes and competition. The era of digitalization is becoming increasingly challenging and requires innovative and even revolutionary approaches to doing business. Disclosure of the company's innovative potential is possible through the effective innovation and investment resources management of the enterprise. The study used correlation analysis, analysis, and synthesis of information, induction and deduction, elimination, and grouping, allowing consistent steps and approaches to solve the innovative development problem of Ukraine enterprises. As a result, the concept of management of innovation and investment resources is developed, the sequence of planning, organization, motivation, and control over the use of these resources is described, the tools for imple...
УДК 336.02 Заїчко і.в. Київський національний університет культури і мистецтвФінАнсОвА стійкість підприЄМств як інстрУМент реАЛіЗАції ФінАнсОвОї беЗпеки Анотація. В роботі визначаються ключові аспекти фінансової стійкості на основі аналізу фінансового стану підприємств. Зазначено, що фінансова стійкість характеризує фінансову незалежність підприємства, а недостатня фінансова стійкість підприємства зумовлює неплатоспроможність і характеризується неспроможністю протистояти внутрішнім і зовнішнім факторам. Проведено оцінку впливу фінансової стійкості підприємств на реалізацію заходів по забезпеченню фінансової безпеки. Визначено ознаки фінансової стійкості з урахуванням критеріїв та недоліків до їх підходів. Уточнено її зв'язок з поняттями «фінансовий стан» і «фінансова безпека». Означено, що фінансова безпека підприємства повинна забезпечуватися за рахунок досягнення фінансової стійкості, платоспроможності і ліквідності підприємства, якості формування та використання ресурсного потенціалу. Визначено способи підтримки фінансової стійкості підприємств. ключові слова: фінансова стійкість, платоспроможність, фінансова безпека, фінансовий стан, забезпечення фінансової безпеки, ресурсний потенціал. finAnciAl sustAinAbilitY Of enterprisesAs A tOOl Of finAnciAl securitY implementAtiOn summary. The paper identifies the key aspects of financial stability based on the analysis of the financial condition of enterprises. It is noted that financial stability characterizes financial independence of the enterprise, and insufficient financial stability of the enterprise causes insolvency and is characterized by inability to resist internal and external factors. Therefore, the financial stability of the enterprise assumes a state of financial resources, with the rational disposal of which the availability of own funds is guaranteed, stable performance and the process of expanded reproduction is provided. Financial stability is defined as an economic category, which is characterized by a system of relations in which an enterprise is able to operate in a risk and changing business environment, ensuring solvency, balance of financial flows, independence from debt capital and influence on financial results, whose volume is sufficient for self-development and satisfaction of the interests of all stakeholders. From the correct choice of the model depends on the management of financial security of the enterprise, which is characterized by the state of the accounts of the enterprise, guaranteeing its solvency. The assessment of the impact of financial stability of enterprises on the implementation of measures to ensure financial security. Signs of financial sustainability are identified, taking into account the criteria and shortcomings of their approaches. Its relationship with the concepts of «financial condition» and «financial security» is clarified. It is determined that the financial security of the enterprise should be ensured by achieving financial stability, solvency and liquidity of the enterprise, the quality of formation and use...
The purpose of the study is to develop effective ways to solve the problems of managing the quality of the loan portfolio of the Ukrainian banking sector in the context of the financial crisis caused by the russian-Ukrainian war. In the course of the study, such scientific methods as fundamental provisions of the credit portfolio theory, multifactor regression analysis, extrapolation, trend analysis, mathematical programming, etc. have been used. A methodical approach to the study of contemporary problems and prospects of loan portfolio quality management under martial law, consisting in modelling the profitability of the Ukrainian banking sector, taking into account the quality of the loan portfolio, has been proposed. This approach is implemented by constructing a two-factor power regression equation; forecasting with the establishment of confidence intervals and the development of 3 forecast scenarios (realistic, pessimistic and optimistic); solving the target function to maximize the profit of the banking sector, taking into account the restrictions formed on the basis of forecasting results. A power model of dependence of Ukrainian banking sector profitability on the volume of loan portfolio and non-performing loans has been built and its statistical significance has been established on the basis of official statistics for 2012–2022. It has been determined that an increase in the volume of the bank loan portfolio by 1% leads to an increase in bank income by 3.1%, while an increase in the volume of non-performing loans by 1% leads to a 0.28% reduction in revenues of the banking sector of Ukraine. The loan portfolio and NPL series have been extrapolated to 2023–2025, which is consistent with the medium-term, as long-term projections would be unreliable under martial law and deep recession. According to the results of medium-term forecasting and optimization, it has been proved that the maximum growth of bank revenues by 60.4%, compared to 2022, is possible with an increase in the loan portfolio by 18.9%, a reduction of non-performing loans by 26% and a reduction of their share in the loan portfolio by 13.9%. It has been justified that the key condition for maximising bank revenues is the soonest termination of the russian-Ukrainian war and further expansion of effective government concessional lending programs. In particular, the effectiveness of the state program “Affordable Loans 5–7–9%”, which provided 19% of the bank loan portfolio in Ukraine and became a key mechanism of anti-crisis business support both during the COVID-19 pandemic and during the large-scale invasion from 2022 during the russian-Ukrainian war, has been substantiated.
Purpose of the research. The main purpose of the article is to improve the methodological support for assessing the role of public financial policy in the field of culture. Methodology. The following methods, which used in the study: logical generalization, synthesis, induction and deduction, dialectical and system-structural methods, comparative analysis, graphical method, etc. Results. It is proved that due to the awareness of the role of culture in society, aspects of state activity to ensure the development of the economy in the field of culture are important. Public financial policy is one of the measures to increase the level of cultural competence of citizens. It is proposed to consider culture as a resource, bearing in mind that it becomes not only a costly area, but also the engine of the economy. Given that the sphere of culture around the world is built on a combination of budgetary and extrabudgetary funding, there are different activities, a significant amount of movable and immovable property, some of which is withdrawn from civil circulation or has restrictions on civil turnover (monuments, libraries, archival funds, museum collections, etc.). The sources of financing of cultural institutions in Ukraine and the distribution of expenditures of the Consolidated Budget of Ukraine for culture and art are analyzed. It is determined that the issues of preservation of cultural heritage should become a factor that will really affect the financial performance of cultural transformations in the country. Practical meaning. It is substantiated that the policy in terms of public funding of culture and art should be based on certain effective areas that reflect the real cultural needs of society. Prospects for further research of the author are to study the impact of budget policy on the state of Ukraine’s cultural heritage.
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