Crisis Management: Innovative Financial and Accounting Technologies

Єршова, Наталя; Портна, Оксана; Tretyak, Viktoriia; Moskalenko, Karina; Vasyliev, Oleksii

doi:10.18421/tem102-34

Cited by 4 publications

(3 citation statements)

References 17 publications

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“…Researchers of financial development and its impact on economic growth (Čižo, Lavrinenko, Ignatjeva, Danilevica & Tvaronavičienė, 2020) determine that there is a need to rethink the nature of influence of the financial sector. Other researchers point out that changes occur under the influence of many factors, for example, globalization, financial innovations, innovative financial instruments and technologies (Iershova, Portna, Tretyak, Moskalenko, &Vasyliev, 2021). As a result, there is a change in priorities and expectations of stakeholders and the entire society regarding the economic, social, and environmental responsibility of financial institutions to society.…”

Section: The Financial Sector and Banks In The Modern Economymentioning

confidence: 99%

Social Responsibility of the Financial Sector in the Information and Network Economy: The Example of Systemically Important Banks in Ukraine and Comparison With Banks in Other Countries of the World

Portna,

Iershova,

Grytsenko

2024

Journal of Central Banking Theory and Practice

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The article examines the problem of increasing social responsibility of the financial sector on the example of systemically important banks that operate in the modern information and network economy under conditions of uncertainty. A comparative analysis of dimensions of social responsibility of banks in different countries of the world was carried out. Based on the obtained results, the importance of social responsibility of banking structures for a wide range of stakeholders and thus for stable and successful operation of banks in the economics of information and uncertainty was confirmed. The general purpose of the study is to develop, test and suggest a comprehensive methodology for monitoring and assessing the level of social responsibility of the financial sector on the example of Ukrainian banks in conditions of uncertainty and recognizing gaps between the actual level and the desired, maximally high state of social responsibility. In our research, we considered social responsibility as a key direction towards achieving and harmonizing the strategic goals of financial institutions. The article focuses on the development of practical measures to monitor public opinions and assess the level of social responsibility of financial institutions. The research offers the following directions: 1) A comparative analysis of data for systemically important banks in Ukraine and other world countries regarding social responsibility; 2) determination of factors that influence the activity of the banking sector; 3) determination of question-indicators applied to the level of social responsibility of banks; 4) analysis of public opinion on the level of social responsibility of banks; 5) analysis of gaps in assessments of the level of social responsibility on the example of systemically important banks of Ukraine. The study involved the methods of statistical research and expert evaluations that made it possible to suggest a methodology for determining the level of social responsibility of financial institutions on the example of systemically important banks. Higher expectations from social responsibility of banks on the part of society were also revealed. The suggested methodology involves analyzing gaps between assessments by stakeholders and the desired level of social responsibility of banks in evaluating the level of compliance with social responsibility. A comparison of the average score of the public assessment with the highest level of social responsibility of banks is visualized. The directions for improving the social responsibility policy are outlined on the example of systemically important banks in Ukraine on the basis of a comparative analysis and taking into account various experiences around the world.

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Section: The Financial Sector and Banks In The Modern Economymentioning

confidence: 99%

Social Responsibility of the Financial Sector in the Information and Network Economy: The Example of Systemically Important Banks in Ukraine and Comparison With Banks in Other Countries of the World

Portna,

Iershova,

Grytsenko

2024

Journal of Central Banking Theory and Practice

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“…Scientific and practical interest in corporate tax planning in recent years is also explained by the fact that the general public awareness of corporate tax activity is increasing. At the same time, increased efficiency of crisis management of companies during the COVID-19 pandemic is coupled with the effectiveness of financial and accounting instruments in relation to taxes [24]. In our opinion, the relevance of further research on this problem is due to its multifaceted nature.…”

Section: Introductionmentioning

confidence: 97%

Strategic responses in corporate tax planning using opportunity areas

2021

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Using sampling for companies from EU member states and Ukraine, we find a significant and positive relationship between the company size and the amount of corporate taxes. We use questionnaires to determine the role of corporations in expanding the scope of tax management and discover an increased effect of corporate planning. Moreover, we offer a model of corporate tax planning considering the opportunity areas. This model determines the taxation framework for a company. We have developed a map to determine the degree of effective tax planning for a company. Finally, we use the functional-activity model of the tax planning process to substantiate the conclusion that the responsibility of the participants in such a process stipulates good business reputation. In general, our results suggest that corporate tax planning is an effective way to optimize tax liabilities.

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“…Tidak dapat dipung kiri bahwa integrasi te knologi ini dengan ditambah pemanfaatan internet, kecerdasan buatan, dan Big Data menjadi elemenelemen penting yang sa ngat meningkatkan efektivitas dan efisiensi operasi bisnis di seluruh bagian (Marrone & Hazelton, 2019;Stainbank & Gurr, 2016). Bahkan peningkatan proses bisnis karena pemanfaatan teknologi ini dapat berdampak hingga 10 sampai 300 kali percepatan pro ses bisnis dari sebelumnya (Iershova et al, 2021). Oleh karena itu, penggunaan teknolo gi akan semakin masif diterapkan di seluruh lini proses bisnis.…”

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