The Influence of the Enterprise Life Cycle on the Efficiency of Investment

Koval, Viktor; Prymush, Yuliia; Popova, Viktoriia

doi:10.30525/2256-0742/2017-3-5-183-187

Cited by 24 publications

(17 citation statements)

References 4 publications

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“…The authors proved that increasing bankruptcy costs in a country exacerbate the dampening effect of economic policy uncertainty on both FDI entry and exit. Moreover, the bankruptcy resolution channel does not exist for foreign portfolio investment, which is consistent with real option theory (Koval et al, 2017;Zhu et al, 2019).…”

Section: Literature Reviewsupporting

confidence: 79%

State policy on the functioning of institute of bankruptcy in Ukraine

Orlovska

Ilkova

2019

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It is precisely in the course of adjusting the activities of these subjects, the main task of state regulation of the bankruptcy institute is the formation of such conditions for the functioning of the national economy, which will reduce the risk of doing business for all its entities and promote the internal reorganization of its structure in accordance with the requirements of global transformations. The system of indicators describing the situation in a certain area of the functioning of national economic entities allows us to determine, directly or indirectly, the effectiveness of the bankruptcy institute at the macro-level. To analyze the impact of each of the factors on GDP, a sensitivity analysis was conducted according to which input data X were recorded at the values of 2018 and alternately changed by 10%. For each such change, GDP was calculated as compared to the model value for 2018. As a result of the calculations, the most sensitive factors were identified and features of the functioning of the bankruptcy institute in the Ukrainian economy were identified. The main provisions of a state policy aimed at increasing the functional effectiveness of the bankruptcy institute are formulated. First of all, it is necessary to promote the country's position in the Doing business rankings, as well as the Indexes of Economic Freedom and Corruption Perceptions. On the other hand, an annual growth of the inflation index of around 10% and the level of the fiscal tax burden will also have a positive effect on GDP dynamics.

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Section: Literature Reviewsupporting

confidence: 79%

State policy on the functioning of institute of bankruptcy in Ukraine

Orlovska

Ilkova

2019

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“…However, when conducting an economic analysis and forecasting the development of production and investment, there is a problem of aggregating economic indicators for economic and mathematical modelling (Koval, V., Prymush, Y., & Popova, V., 2017). The application of the Allen dynamic production function allows us to estimate the minimum payback period of the future investment.…”

Section: Resultsmentioning

confidence: 99%

“…Investigation of the model of the production process based on two-factor production functions according to Kleiner (1986) characterizes a stable quantitative dependence between the indicators of resources and output.…”

Section: Analysis Of Recent Research and Publicationsmentioning

confidence: 99%

Production Forecasting and Evaluation of Investments Using Allen Two-Factor Production Function

Koval¹,

Slobodianiuk²,

Yankovyi³

2018

BJES

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Abstract. The purpose of the article is to substantiate and systematize theoretical knowledge about Allen production function and it is an attempt to apply it in the tasks of modelling, analysis, and production forecasting at enterprises. Methodology. In the presented work, estimation's questions of unknown parameters of Allen function based on the least squares method and regression analysis on the basis of standard programs of the Excel are discussed; its belonging to neoclassical functions, as well as the most important economic and mathematical characteristics. In particular, in the framework of Allen production function, the formulas for average return of resources (capital productivity and productivity), marginal returns of resources, elasticity of output on factors need for productive resources, when there is a production output and one of the factors is given, also the replacement of resources (capital assets), the marginal rate of substitution of factors, the elasticity of replacement of resources (labour with capital). Results. Based on the assumption that Allen function belongs to the group of substitutional functions according to the equivalence principle, the formula of optimal capital formation is determined, which maximizes output at given total capital expenditures on the main production funds and labour remuneration (minimizes the total capital expenditures for a given volume of production). In addition, the calculation formulas for determining the maximum output (minimum total cost of capital) in terms of optimal capital stock are given. All the above indicators are summarized in the summary table of the main economic and mathematical characteristics of Allen production function. Practical implications. In the case when the model is based on empirical data that varies in time, for example, at one enterprise in a number of years, we are proposed to use the dynamic Allen production function, which explicitly includes the time factor. In both cases, the volume of the information base (sample size) is determined, which will ensure the representativeness of future conclusions regarding unknown parameters that are subject to evaluation. The article also considers Allen production function as an instrument for evaluating the economic efficiency of future investment in production in the usual and dynamic variants. Value/originality. The obtained theoretical and methodological aspects of Allen two-factor production function are illustrated in a practical example of construction, economic interpretation, and practical use of the model.

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“…The food products reached 75 % of their life circle, must be transferred to special charity food banks. Creation of specially equipped centers for food processing, requires appropriate investments with the economic reliability justification and assessment of probabilistic nature of parameters of the environment [15,33,34].…”

Section: = · ∆ · ∆ℎmentioning

confidence: 99%

Economic efficiency of biogas generation from food product waste

Koval

Mikhno²,

Hajduga

et al. 2019

E3S Web Conf.

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The issue of waste accumulation has become one of the global problems of humanity. In Ukraine, the main method of waste management is landfill depositing, which is unproductive and affects the ecosystem negatively. However, large landfill sites should be used to produce biogas, thereby reducing the environmental burden and the earned revenue should be used to introduce recycling and a gradual transition to a European waste management policy. The aim of our study was to investigate the state of waste recycling and the possibility of using waste landfills and food with lost consumptive qualities for biogas generation. To analyze the economic efficiency of the installation of biogas equipment in landfills and to investigate the current state of waste management in Ukraine. The research demonstrates that at present in Ukraine the problem of waste accumulation becomes actual. At the same time, the number of large waste landfills is increasing. It is proved that at landfills with an area of more than 50 hectares, the installation of biogas equipment is cost-effective, and the raw material can be distributed at the feed-in tariff, thus solving the energy problem.

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The Influence of the Enterprise Life Cycle on the Efficiency of Investment

Cited by 24 publications

References 4 publications

State policy on the functioning of institute of bankruptcy in Ukraine

State policy on the functioning of institute of bankruptcy in Ukraine

Production Forecasting and Evaluation of Investments Using Allen Two-Factor Production Function

Economic efficiency of biogas generation from food product waste

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