Construction Development and Its Impact on the Construction Enterprises Financial Results

Павелко, О. В.; Lazaryshyna, Inna; Dukhnovska, Liudmyla; Sharova, Svitlana V.; Oliіnyk, Tetіana; Donenko, Iryna

doi:10.25115/eea.v39i3.4719

Cited by 4 publications

(3 citation statements)

References 6 publications

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“…In order to overcome these challenges, many public organizations turn their strategic plans to outsourcing through public-private contracts, as examined in Pavelko et al [70]. These contracts provide a legal framework for defining the roles and responsibilities of each party, as well as the terms of the relationship between the public and private sectors.…”

Section: Outsourcing In Public Sectormentioning

confidence: 99%

Boosting Holistic Cybersecurity Awareness with Outsourced Wide-Scope CyberSOC: A Generalization from a Spanish Public Organization Study

Domínguez-Dorado,

Rodríguez-Pérez,

Carmona-Murillo

et al. 2023

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Public sector organizations are facing an escalating challenge with the increasing volume and complexity of cyberattacks, which disrupt essential public services and jeopardize citizen data and privacy. Effective cybersecurity management has become an urgent necessity. To combat these threats comprehensively, the active involvement of all functional areas is crucial, necessitating a heightened holistic cybersecurity awareness among tactical and operational teams responsible for implementing security measures. Public entities face various challenges in maintaining this awareness, including difficulties in building a skilled cybersecurity workforce, coordinating mixed internal and external teams, and adapting to the outsourcing trend, which includes cybersecurity operations centers (CyberSOCs). Our research began with an extensive literature analysis to expand our insights derived from previous works, followed by a Spanish case study in collaboration with a digitization-focused public organization. The study revealed common features shared by public organizations globally. Collaborating with this public entity, we developed strategies tailored to its characteristics and transferrable to other public organizations. As a result, we propose the “Wide-Scope CyberSOC” as an innovative outsourced solution to enhance holistic awareness among the cross-functional cybersecurity team and facilitate comprehensive cybersecurity adoption within public organizations. We have also documented essential requirements for public entities when contracting Wide-Scope CyberSOC services to ensure alignment with their specific needs, accompanied by a management framework for seamless operation.

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Section: Outsourcing In Public Sectormentioning

confidence: 99%

Boosting Holistic Cybersecurity Awareness with Outsourced Wide-Scope CyberSOC: A Generalization from a Spanish Public Organization Study

Domínguez-Dorado,

Rodríguez-Pérez,

Carmona-Murillo

et al. 2023

Information

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“…Ukrainian scientists (Pavelko, Lazaryshyna & Dukhnovska, 2021) claim that in the structure of capital investments the largest share is occupied by own funds of enterprises -70,8% (data for 2018). Sources of investment also include bank loans, which account for 7,7%.…”

Section: Literature Reviewmentioning

confidence: 99%

Modeling, accounting and control of formation and use of resources (on the example of the construction industry)

Гуменна-Дерій

Khorunzhak²,

Попрозман

et al. 2022

Ind. Jour. Manag. & Prod.

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The aim of the article was to build analytical models in the construction industry based on the analysis of its economic indicators and the use of positive foreign experience, as well as by identifying opportunities to optimize resources using better accounting and control systems. The achievement of the goal was based on the results of canonical correlation analysis. Its application allowed us to conclude that there is a long time lag (5 years) of making strategic management decisions on the formation and use of resources in construction companies and their results. This is due to the significant duration of construction work and the frequent commissioning of residential premises with a delay of 1-2 years due to political, economic, financial and other problems. Based on the analysis of Ukrainian and international experience in accounting and control over the formation and use of resources, proposals have been developed for the use of flexible schedules for the supply of material and technical resources using the latest information and computer technology (ICT), work calendars (desktop, wall) and electronic devices with reminders of dates of payment of invoices of suppliers and contractors, dates and forms of financial and administrative reporting, etc. The object of research is the process of complex interaction of accounting, control, analysis and modeling to ensure effective management of material, technical and financial resources of construction companies in 24 regions of Ukraine, European and other countries. The subject of research is the theoretical and practical principles of application of modeling and analysis in accounting and control over the formation and use of material, technical and financial resources of construction companies. It is revealed that the enterprises of the construction industry of Ukraine, many European countries and countries of other continents do not fully use the existing potential of the latest information and computer technologies and modern modeling methods for the organization and optimization of business processes; establishing logistical links between business partners; systems for managing the processes of supply, warehousing, construction production, marketing; reducing costs at all stages of the life cycle of construction products. Based on this, two hypotheses are derived, the first of which indicates the potential of construction companies to effectively carry out financial and management accounting, internal control; to put construction objects into operation quickly, efficiently and in a timely manner. The second hypothesis points to the fact that construction companies for various reasons violate the procedure for accounting for resources, do not perform planned measures of internal control; allow disruptions of construction processes and terms of commissioning of construction objects; allow the lack and misuse of material and financial resources. The practical application of proposals to optimize the use of resources modeled in the research process and proposed ways to improve the efficiency of information and computer technology can be effectively implemented to ensure business processes in construction, in particular the implementation of logistics in the search and delivery of resources. construction projects and warehouses. This will significantly reduce the cost of accounting and control support of construction work, without reducing their quality and timeliness.

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“…The macroeconomic environment in which the company is located has a significant influence on the functioning of construction companies and their financial results (Baltgailis, 2019;Pavelko et al, 2021). The indisputable importance of the macro environment within the integrated model of the corporate environment is highlighted in the studies of Straková et al (2021b) and Gavurova et al (2020).…”

Section: Literature Researchmentioning

confidence: 99%

Actual paid cost of equity in construction

Krulický¹,

Machová²,

Burghauserová³

2022

JESI

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The value of the cost of equity capital is very important, both for all businesses and for investors, as it expresses the return on invested funds and is one of the most important factors in decision-making. The aim of the article is to determine the value of the actual paid costs of equity capital in the construction industry in 2016-2019. The used data from the Cribis / Albertina databases were processed using changes in the undistributed economic result of previous years and the economic result of the current accounting period. The results found show that the average cost of equity in the years 2016 -2019 ranges from 29.35 % -37.81 % and the median values range from 16.43 % -24.24 %. The benefit of the presented results is primarily seen in their possibility of subsequent prediction of future costs of equity capital. A limitation of the research may be in the data used, for which it is appropriate when it is the most recent.

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Construction Development and Its Impact on the Construction Enterprises Financial Results

Cited by 4 publications

References 6 publications

Boosting Holistic Cybersecurity Awareness with Outsourced Wide-Scope CyberSOC: A Generalization from a Spanish Public Organization Study

Boosting Holistic Cybersecurity Awareness with Outsourced Wide-Scope CyberSOC: A Generalization from a Spanish Public Organization Study

Modeling, accounting and control of formation and use of resources (on the example of the construction industry)

Actual paid cost of equity in construction

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