Ensuring efficiency improvement of banks is a priority task for Ukrainian banking system at the stage of creating the developed financial sector of economy. The study of a bank performance, which takes into account a risk factor of banking business, is particularly relevant due to the need to ensure competitiveness and stability of both individual banks and the banking system as a whole.The aim of this article is to develop a methodology for integral evaluation of the Ukrainian banks according to the efficiency and risk criteria. Ratio analysis, mathematical methods, comparison and grouping, synthesis, table, matrix and graphic methods make the methodological basis of the research. The object of the analysis is the activities of Ukrainian banks.The study was conducted to elaborate a method for risk-oriented integral estimation of efficiency of the banks functioning. One can state that high efficiency and low risk of a bank's work do not depend on the volume of assets, equity and profit for Ukrainian banks.The analysis made it possible to evaluate the strategies for the development of Ukrainian banks. The vast majority of Ukrainian banks have chosen a moderate strategy in the context of balancing the efficiency and riskiness of their activities.According to the results of factor analysis using Raiffeisen Bank Aval as an example, the main factors of gross profit growth were determined as increase in bank profitability and expansion of its active operations volume relative to its own capital.Mariya Rubakha (Ukraine), Lesia Tkachyk (Ukraine), Olha Zamaslo (Ukraine), Olesya Irshak (Ukraine) Risk-oriented integral assessment of the Ukrainian banks effectiveness
This article is devoted to the analysis of corruption problems in Central and Eastern European countries. As it is difficult to measure the volume of corruption, this article makes use of the Corruption Perceptions Index (CPI) from Transparency International as the main indicator of corruption levels in countries. Three countries – Ukraine, Bulgaria, and Georgia – are taken as examples, and by using macroeconomic modeling, which macroeconomic factors determine the rank of the state in the Corruption Perceptions Index on the basis of data analysis from 1998 to 2019 was researched. The Corruption Perceptions Index is taken as the dependent variable, and a plurality of factor characteristics includes general macroeconomic variables such as consumption, healthcare, taxes, foreign investment, and so on. The results of the calculations determine which macro indicators should be given attention to not only to reduce the level of corruption in the public sector, but also to increase the country’s position in the CPI. In addition, a system for preventing and fighting corruption is proposed, indicating anti‐corruption measures, expected results, and identifying certain components of this system’s functioning quality.
The focus of tax reforms in Ukraine, the development of partnerships between payers and supervisors requires new approaches to tax control. The current state of the functioning of the tax control system in Ukraine shows the necessity and at the same time its unpreparedness to transition to more advanced forms, including horizontal monitoring.The purpose of the article is to substantiate the need for effective interaction between taxpayers and controlling bodies in the context of improving the quality of tax control.The methodological basis of the study, in particular the theoretical positions, is the methods of scientific abstraction, induction, deduction, logical method, etc. For analytical research mathematical methods were used, in particular correlation-regression analysis, methods of comparison and grouping, synthesis, tabular and graphical methods.As a result of the research, it was found that the main factors hindering the implementation of horizontal monitoring in Ukraine are the lack of compliance with the legislative framework, the insecurity of the confidentiality of information on the activities of taxpayers, corruption in the DFS, large amounts of shadow economy in the country, etc. At the same time, the high level of inconsistency of the assessed tax liabilities and a considerable number of disputes as a result of this also confirm the low level of trust and cooperation between the DFS authorities and the payers.The analysis of the state of tax audits and the dynamics of tax debtthe calculation of correlation relationships between these indicators (R 2 = -0,92) and the forecast of tax debtshowed that preventive tax control measures do not discipline payers to pay them tax arrears, the conducted tax inspections have a positive effect on the repayment of the tax debt by the payers. Such research results indicate that there are problems in establishing trusting relationships between 208 payers and supervisors and the need to find ways to adjust them in the context of the development of progressive forms of tax control.
Abstract. Capitalization is an important indicator of investment attractiveness, profitability and stability of enterprises in the corporate sector. In this context, analysis of the factors influencing the market capitalization of enterprises is important for managing corporate finances.The aim of the article is to determine the most significant factors of the micro- and macroeconomic environment that influence the capitalization of Ukrainian enterprises based on the example of energy enterprises through correlation-regression analysis and to suggest ways to improve corporate management and algorithms for taking into account economic factors in the strategy of growth of market capitalization. The article explains the relationship between macroeconomic indicators of Ukraine's development, financial condition of enterprises and their market capitalization based on factor and correlation analysis. A mathematical model is constructed, which shows the influence of the main macroeconomic factors and financial condition of economic entities (enterprises of the energy sector of Ukraine) on the level of their market capitalization (5 latent factors determine the level of enterprises capitalization by 93.8%). An algorithm for determining and taking into account the impact of the economic environment on the market capitalization of enterprises can improve the quality of corporate company management in the context of increasing their market capitalization are suggested. Proposals on the need to develop a corporate governance system in the corporate sector as a guarantee of market capitalization growth are developed.In particular, a functional model of corporate governance is proposed. The use of the model will ensure the formation of an effective stable and flexible organizational structure of management, regulate the interaction between management and shareholders, will form the appropriate corporate culture and image of the company, as well as ensure the appropriate level of financing, effective dividend policy, high-quality management of the property and securities of the company, its financial results, investments and risks. Keywords: capitalization, corporate management, market value, mathematical model, economic environment. JEL Classification G32, C33 Formulas: 6; fig.: 4; tabl.: 5; bibl.: 26.
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