The Influence of Industry 4.0 on Financial Services: Determinants of Alternative Finance Development

Bilan, Yuriy; Rubanov, Pavlo Mykolaiovych; Vasylieva, Тetiana; Lyeonov, Serhiy

doi:10.17512/pjms.2019.19.1.06

Cited by 64 publications

(41 citation statements)

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“…Thorough studies of the determinants of the specific financial processes, namely assessing the financial condition, alternative finance developmen, financial vulnerability are researched by scientists, Sebestova, Majerova and Szarowska, (2018), Bilan, Rubanov, Vasylieva and Lyeonov, (2019) and . According to Boyarko and Samusevych (2011) such intangible assets as company's brand and reputation play crucial role in its value growth that confirms importance of behavioral factors influence on the dynamics of economic processes.…”

Section: Methodsmentioning

confidence: 99%

Trust cycle of the finance sector and its determinants: The case of Ukraine

Brychko¹,

Polách²,

Kuzmenko³

et al. 2019

Journal of International Studies

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The paper presents the results of exploring the characteristics of trust cycle in the financial sector of the economy in general and across its main components (trust in banking and non-bank financial and credit systems) illustrated by the economy in transition-Ukraine-for the period 1st quarter 2009-1st quarter 2018. Determinants of nonlinear dynamics of public trust in the financial sector of the economy were also identified. For this purpose, an algorithm has been developed that enables studying the cyclical nature of public trust in the financial sector and testing the hypotheses about the determinants of its nonlinear dynamics. To highlight the cyclical component of the time series, harmonic analysis via Fourier transformations was used. In order to analyze public trust in the financial sector and its main components the following indicators were used: absolute volatility, relative volatility (in relation to financial and business cycles), the persistence of actual values and cyclic components, correlation with financial and business cycles. Our main

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Section: Methodsmentioning

confidence: 99%

Trust cycle of the finance sector and its determinants: The case of Ukraine

Brychko¹,

Polách²,

Kuzmenko³

et al. 2019

Journal of International Studies

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“…It is worth to pay attention to the existing short-term impact in banks' efficiency growth due to social responsible banks' activities (Vasileva & Lasukova, 2013;Zhu et al, 2017), while implementation of new system of internal management has rather long-term effect (Nasr et al, 2019). At the same time the intensity of corporate social responsibility are defined by informational development (Hammerström et al, 2019;Bilan et al, 2019c). Digitalization and financial innovations not only determine the changes in banks' business model, but also have to be taken into consideration in the context of banking regulation development (Druhov et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Banking regulation in ensuring bank's efficiency: Looking through different forms of ownership

Dudchenko¹,

Goncharenko²,

Didenko³

et al. 2020

Journal of International Studies

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The study is aimed to investigate the impact of banking regulation intensity on the efficiency of banks with different forms of capital ownership. To test the hypothesis about the different level of influence of banking regulation instruments on state, private and foreign banks, the GLS-modeling tool was used. The study sample includes data on the banks from six countries (Ukraine, Poland, Kazakhstan, Georgia, Estonia and Belarus) within the research period of 2001-2014. Empirical calculations indicate that there is no need to introduce differentiated regulatory regimes depending on the form of ownership and the origin of bank's capital, since there are no significant differences in the impact of different components of the regulatory mechanism on the banks of different ownership forms and different origins of capital. Particularly noteworthy is the formulation of a strategy for regulating stateowned banks, with slight differences in the effectiveness in the use of indicative and administrative instruments, while at the same time the importance of

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“…Traditionally the scientists defined a sustainable business model as a model which orient not only for economic profit but focus on achieving sustainable development goals. In this case, some group of the scientists [1][2][3] highlighted that in this process, the information gap and investment in education were the core elements of a sustainable business model. The scientists in the papers [4][5][6][7][8][9][10][11][12] proved that the investment and the financial system had a significant impact on the implementation of a sustainable business model and innovations.…”

Section: Introductionmentioning

confidence: 99%

“…In this case, some group of the scientists [1][2][3] highlighted that in this process, the information gap and investment in education were the core elements of a sustainable business model. The scientists in the papers [4][5][6][7][8][9][10][11][12] proved that the investment and the financial system had a significant impact on the implementation of a sustainable business model and innovations. From the other point of views, the scientists in the papers [13][14][15][16][17] proved that key elements of a sustainable business model were ecological innovations and energy efficiency technologies.…”

Section: Introductionmentioning

confidence: 99%

Sustainable business models for innovation and success: bibliometric analysis

2020

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In the ongoing world trends focusing on the ecological issue, corporate social responsibilities, sustainable development goals, the current business could not be competitive without the implementation of the innovations. Besides, the application of changes contributes to the relevant transformation of the business model, considering the worldwide trends. The paper deals with the analysis of the leading scientific trends in analysing of the sustainable business models and innovations. In the paper, the authors used the bibliometric analysis of the scientific papers from Web of Science and Scopus. The main limitation to select scientific papers were as follows: published for 2000-2019 years; the language of the paper – English; papers which contain keywords – sustainable, business model and innovations. For the analysis, the VOSviewer, Scopus and Web of Science tools were used by the authors. Tools from the scientific databases allowed to identify the main parameters of the scientific publications: quantity, dynamic, country, the most cited papers, etc. VOSviewer allowed visualising the main scientific clusters which analysed the sustainable business model. Considering the findings, the rapid increase of articles on the sustainable business model was in 2000. The authors identified 13 clusters; three of them had strong linking. The most significant cluster contained focused on innovations, the second – on corporate social responsibilities and environmental management, the third cluster – on cleaner production as a core element of a sustainable business model. The tendency of scientific investigation allowed concluding that sustainable business model could not be without a complex system of innovations, corporate social responsibilities and cleaner production.

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The Influence of Industry 4.0 on Financial Services: Determinants of Alternative Finance Development

Cited by 64 publications

References 0 publications

Trust cycle of the finance sector and its determinants: The case of Ukraine

Trust cycle of the finance sector and its determinants: The case of Ukraine

Banking regulation in ensuring bank's efficiency: Looking through different forms of ownership

Sustainable business models for innovation and success: bibliometric analysis

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