Ensuring transparency of key public finance authorities

Bukhtiarova, Alina; Dukhno, Yuliia; Куліш, Ганна Петрівна; Pavlovska, Iryna G.; Lypchanskyi, Volodymyr

doi:10.21511/imfi.16(2).2019.11

Cited by 6 publications

(3 citation statements)

References 8 publications

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“…Other investigators led by Buhtiarova developed a methodology for assessing the transparency of public finance in Ukraine in 6 stages. This made it possible to determine the index of public financial transparency using a weighted index of pre-estimated transparency of information provided by official bodies in this area [13]. E. Tikhomirova analyzed the transparency of the budgets of different countries of the world, compared different methods of assessing the transparency of the subjects of budget policy, and gave recommendations for Ukraine on increasing tax and budget transparency [14].…”

Section: Literature Reviewmentioning

confidence: 99%

Government Transparency as Ukrainian Territorial Communities’ Economic Development Factor

Voitenko¹,

Shults²,

Bilyk³

et al. 2022

ФКДПТП

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The present paper substantiates the government transparency issue's importance as a fundamental principle of management and exercise of power on the local level. It must become a dominant one for Ukrainian urban territorial communities’ socio-economic development regulation under the condition of further steps implementation aimed at strengthening administrative and financial decentralization processes.We elucidate specific characteristics of government transparency measuring global practice, in particular, by applying a methodological approach to the city transparency index calculation, which has been conducted since the end of the 20th century by the NGO "Transparency International".We formulated and tested hypotheses about the relationship presence between government transparency level, income from the payment of personal income tax and local tax by the population, as well as the number of people who voted for public budget projects. We chose Ukrainian cities with different ranking positions by the government transparency level to conduct a measurement.The study proved that the local government transparency level is an important factor in Ukraine’s urban territorial communities’ socio and economic development. We defined that cities’ industrial specialization and their economic diversification level do not influence significantly the correlation density between government transparency level and local budgets' revenues. Additionally, most cities, regardless of their size, are characterized by a high correlation between indicators of transparency and the public activity of residents. Also, we observed a tendency for citizens’ activity to rise in the most investigated communities.The obtained results demonstrated the need to choose a longer time lag to test the proposed hypotheses. Nevertheless, the proven hypotheses made it possible to identify problems in ensuring the transparency of territorial communities’ authorities and to formulate proposals for improving public administration efficiency.

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Section: Literature Reviewmentioning

confidence: 99%

Government Transparency as Ukrainian Territorial Communities’ Economic Development Factor

Voitenko¹,

Shults²,

Bilyk³

et al. 2022

ФКДПТП

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“…Recently, research in Ukraine to determine the relationship between transparency of public finances and corruption has become more and more relevant. Bukhtiarova et al (2019) proposed a scientific and methodological approach to assessing the institutional and political transparency of the Ministry of Finance of Ukraine and the State Fiscal Service, determined the level of their openness and offered practical recommendations to improve the reliability and timeliness of published information. Kutsenko (2019) considered modern methods for assessing the transparency of local budgets in Ukraine.…”

Section: Literature Reviewmentioning

confidence: 99%

Dependence of the state of public finances on their transparency and the level of corruption in a country

Shkolnyk¹,

Kozmenko²,

Nowacki³

et al. 2020

Economics &Amp; Sociology

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“…The economic development of Ukraine demonstrates the formation of a special sector based on the production, distribution, exchange, and use of an important resource -information. However, the dynamism of Ukraine's information economy is considerably limited by the underdevelopment of democratic institutions, the absence of legislation, the imperfect sectoral structure of Ukraine's economic complex, the degradation of the education and science system in Ukraine, the presence of administrative barriers, and the low financial situation of the vast majority of the population (Azarenkova et al, 2018;Makarenko et al, 2018;Bukhtiarova et al, 2019;Barna & Ruschyshyn, 2020).…”

Section: Introductionmentioning

confidence: 99%

Diagnostics оf Transparency оf Ukrainian Banking Institutions Using Multivariate Analysis Methods

Azarenkova¹,

DZIUBLIUK²,

KORNEEV³

et al. 2022

Scientific Horizons

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Due to the imperfect state of transformations in the financial system of Ukraine and the banking sector, there is a steady tendency to increase the number of financially insolvent enterprises in various industries. This is especially true for the banking market, where considerable qualitative and quantitative changes have occurred recently. The purpose of this study is to investigate the problem of managing the of banking institutions by diagnosing the transparency level of their activities. The research methodology lies in forming a system of indicators to estimate the transparency level of business entities’ activities, assessing the level of direct impact on the level of transparency, and classifying business entities according to a two-level system of factors influencing transparency. The final stage of the methodology is the positioning of banks according to transparency level to formulate vectors for improving transparency management policies. The combination of multidimensional analysis methods, namely applied econometric methods, cluster and variance analysis, allows classifying business entities according to the transparency level, considering differentiation. The result of the differentiation is a matrix of positioning the transparency level of banking institutions according to a two-level system of factors. The proposed scientific and methodological approach to calculating the transparency level of a business entity, namely banking institutions, which, apart from the financial block, includes other criteria, enables a much broader study of the state of activity of the business entity. The use of this scientific and methodological approach helps reduce the level of information asymmetry, increase the flexibility of the business entity’s response to external shocks, which increases confidence in business entities, improves their business reputation and is certainly reflected in financial indicators. Positive improvements in the financial performance of individual business entities, increasing the flexibility and trust in them, will help increase the transparency of financial flows that move in the country.

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Ensuring transparency of key public finance authorities

Cited by 6 publications

References 8 publications

Government Transparency as Ukrainian Territorial Communities’ Economic Development Factor

Government Transparency as Ukrainian Territorial Communities’ Economic Development Factor

Dependence of the state of public finances on their transparency and the level of corruption in a country

Diagnostics оf Transparency оf Ukrainian Banking Institutions Using Multivariate Analysis Methods

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