Factor analysis of assessment of the economic potential of mining companies

Novykova, I; Kulikov, O; Kukhta, Pavlo; Vasylkonova, E; Kozlova, A; Panin, Ye

doi:10.33271/nvngu/2023-1/182

Cited by 2 publications

(1 citation statement)

References 13 publications

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“…In recent years, survival analysis has become increasingly popular for studying factors that affect the duration of a particular process (Novykova et al, 2023;Hutorov et al, 2020). Survival analysis is a statistical tool that can be used to assess the time until an event of interest, such as bankruptcy, or customer churn (Voynilovych et al, 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

Modelling the Bank Customer Activity Duration Based on the Cox Econometric Survival Model

Piskunova Olena,

Klochko,

Bilyk

et al. 2023

ФКДПТП

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The banking sector is constantly evolving, seeking effective ways to attract and retain clients, especially those with high financial potential. One of the ways to achieve this goal is to provide car loans at low interest rates, such as 0.01%. However, the untimely outflow of clients after repayment of the car loan becomes a significant problem for banks leading to the loss of potential income from other banking services. The research aims to evaluate the impact of selling additional banking services on increasing clients' activity duration. The research used statistics on opening new bank clients, whose first product was a car loan at an interest rate of 0.01%, from 2018 to 2022. The dataset included 9,224 records. The Cox proportional hazards model is used to determine the impact of a credit card on the duration of car loan client activity. The analysis of the model coefficients showed that with a credit card, clients closed at a rate of 0.86 of the rate of closing clients without a credit card. However, during the verification of the proportional hazard assumption, it was determined that the credit card's influence level changes significantly over time, indicating the model's inadequacy. The next phase of the study was the search for an influencing parameter that meets all the quality conditions of the Cox model. Having a credit card with at least one transaction was selected. For this model variation, all indicators of model adequacy were met. The coefficient estimation results showed that clients with an active credit card closed at a rate of 0.36 of the rate of closing clients without it. The evaluation of the active credit card impact confirms that selling a credit card allows for an increase in the bank clients' activity duration. However, a critical success factor is the sale of a credit card and its activation. The obtained research results can be used to optimize the bank's marketing and sales strategies, ensure more effective customer retention and increase the bank's profits.

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Section: Literature Reviewmentioning

confidence: 99%

Modelling the Bank Customer Activity Duration Based on the Cox Econometric Survival Model

Piskunova Olena,

Klochko,

Bilyk

et al. 2023

ФКДПТП

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The Intellectual Potential Economic Essence as an Object of the Enterprise’s Innovative Activity Management

Ostrovska

2023

Social Economics

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The article examines the intellectual potential economic essence as an object of the enterprise’s innovative management in the of the knowledge-based economy formation. We studied the conditions that limit the development of economic system subjects intellectual potential. We note that in the context of substantiating the enterprise’s intellectual potential, we focuse attention on two aspects at the same time: the set of knowledge holders – people who are oriented towards cognitive and transformative activity, and the set of knowledge presented in material and technical forms. The study carries out periodization of scientific ideas development regarding intellectual potential. We substantiate modern approaches to the enterprise’s intellectual potential concept definition and highlight a number of differences that complicate the development of practical recommendations in the context of increasing the business entities competitive advantages in relation to other market participants.The study establishes a conceptual boundary regarding the categories of intellectual resources, intellectual capital, intellectual property and intellectual activity at the microeconomic level. We expand the classification of socio-economic factors that affect the modern enterprises intellectual potential reproduction and carry out the personal intellectual potential structuring in the context of human activity based on the enterprises’ innovative activity realities. We prove that each personal intellectual potential element is a set of possibilities, as a result of their interaction, a synergistic effect achievement. The inner nature of the intellectual potential reveales through the functions it performs. The study characterises intellectual potential levels in the context of the relationship with institutional and organizational structures and determines the main means influencing its formation and development. We developed a comprehensive methodological approach to the study of intellectual potential essence, taking into account the knowledge-based economy specifics.

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Factor analysis of assessment of the economic potential of mining companies

Cited by 2 publications

References 13 publications

Modelling the Bank Customer Activity Duration Based on the Cox Econometric Survival Model

Modelling the Bank Customer Activity Duration Based on the Cox Econometric Survival Model

The Intellectual Potential Economic Essence as an Object of the Enterprise’s Innovative Activity Management

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