Advanced Capital Research Articles

Проблемные аспекты оценки эквивалентности экономических отношений субъектов продовольственных цепочек

The article notes the methodological uncertainty of the concept of “equivalence” if it is considered in the context of price interaction between subjects of food chains. The criteria for equality of profitability do not fully reflect equivalence, since they do not take into account differences in the rate of capital turnover. The possibility of using an alternative criterion for the equality of the rate of net profit on advanced capital is being considered.

Economic rationale for the development of small vertically diversified pork production enterprises in Ukraine

Implementing the vertical diversification strategy for pig-breeding enterprises in Ukraine is one of the factors in increasing their economic efficiency and competitiveness. Mastering the following interrelated links of production and sale in animal husbandry increases enterprises' financial stability and economic security. The article economically substantiates the expediency of capital investments in developing vertically diversified pork production enterprises in Ukraine. The need for investments for the formation of fixed and working capital for the implementation of the project has been determined. The main operating costs for the organization of pig breeding, slaughter, and the sale of meat through the direct sales channel in the amount of 200 tons per year have been calculated. Planning of workforce needs for project implementation has been carried out. The leading indicators of the economic efficiency of capital investments for the production and sale of pork in the newly established enterprise have been determined. According to the study results, the relatively high investment attractiveness of developing small vertically diversified pork production enterprises in Ukraine with an orientation to local markets is substantiated. It has been established that for the implementation of the proposed project, about 1.1 million euros of advanced capital is needed, which is expected to pay off in 3.5 years. The project's five-year net present value has been determined to reach 690,000 euros at a discount rate of 2%. Accordingly, the projected internal rate of return will exceed 26%. The average annual net profit during the project implementation period will be 268 thousand euros, with an average operating cost of 457 thousand euros, allowing us to achieve 65% profitability of production and 32% profitability of pork sales. The projected average net return on capital for the project implementation period is expected to be 35%. The development of vertical diversification in small pork production enterprises in Ukraine will increase the added value and productivity of the involved financial, labor, material, and technical resources.

Current state assessment and development perspectives of the agricultural sector of Ukraine in the post-war conditions

The Ukrainian agricultural market plays an important role in the economy of our country and in general has a huge potential for further development. Ukraine’s postwar prospects in agriculture promise to be encouraging, despite some challenges and problems faced by this sector. Agriculture is an important component of the national economy of the state, and is also a source of income from exports. The peculiarity of one of the main branches of agriculture — crop production is that its production is seasonal and the circulation of advanced capital is slow. Today, the dairy industry, logistics, storage of vegetables and fruits, and increased investments in sugar beet production require the most investments in Ukraine. However, despite these problems, Ukraine’s post-war prospects in agriculture remain encouraging. The country continues to be one of the world’s largest producers of agricultural products. Ukraine has the potential to increase the volume of production and export of various types of agricultural products, such as grain, dairy products, meat, vegetables and fruits. The purpose of the article is to study the current state and directions of development of the agricultural sector of Ukraine in the conditions of the post-war state. The article emphasizes that the ukranian agriculture has its own characteristics, which will significantly affect the post-war recovery of the industry, which is primarily related to the relative immobility of resources, which is a barrier to their redistribution (except for labor resources) from agriculture to other industries.

Role of Digital Economy in Rebuilding and Sustaining the Space Governance Mechanisms.

The need for sustainable corporate governance has gained the interests of researchers for a while now and it has been found as a very significant component of successful organizational operations. The current paper has examined the role of sustainable corporate governance in achieving sustainable economic space along with measuring the indirect impact of technological innovation and IT governance on the whole process. This paper has followed the quantitative-positivism approach to measure the hypotheses developed in the study. The population considered in this study are the managers currently employed in the corporate sector in China (N = 310). The data is analyzed using the Smart-PLS 3.3.3 software for checking the data for preliminary screening and the measurement of hypotheses. The findings of the study show that the three components of sustainable corporate governance, i.e., concern for employees, sustainable corporate governance awareness, and the environmental aspects have a significant as well as a positive effect on technological innovation and hence on the sustainable economic space. Similarly, the study has recorded a significant moderating effect of IT governance on the relationship of technological innovation and the sustainable economic space. Overall, it can be seen that corporate governance, innovative technology, and a sustainable digital economy share a reciprocal relationship. Where corporate governance helps as a supporting force to keep both innovation and sustainability in action. Whereas IT governance provides enhanced communication and delivery of public services, business, and advanced human capital. The study will be of high advantage for the corporate sector in China for devising and modifying their policies that consider the employee’s concerns for the governance mechanisms prevailing at priority in the organizations. Further, it will be interesting for the organizations to incorporate the IT governance mechanism in their technological innovations for achieving a sustainable economic space.

Key Aspects of Analysis of Profit and Profitability of Georgian Winemaking on the Example of JSC “Badagoni”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company's financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company's financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

Key Aspects of Analysis of Profit and Profitability of Georgian Winemaking on the Example of JSC “Badagoni”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company's financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company's financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis

KEY ASPECTS OF ANALYSIS OF PROFIT AND PROFITABILITY OF GEORGIAN WINEMAKING ON THE EXAMPLE OF JSC “BADAGONI”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company’s financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company’s financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

Key Aspects of Analysis of Profit and Profitability of Georgian Winemaking on the Example of JSC “Badagoni”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company's financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company's financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

KEY ASPECTS OF ANALYSIS OF PROFIT AND PROFITABILITY OF GEORGIAN WINEMAKING ON THE EXAMPLE OF JSC “BADAGONI”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company’s financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company’s financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

Key Aspects of Analysis of Profit and Profitability of Georgian Winemaking on the Example of JSC “Badagoni”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company's financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company's financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

Key Aspects of Analysis of Profit and Profitability of Georgian Winemaking on the Example of JSC “Badagoni”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company's financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company's financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

KEY ASPECTS OF ANALYSIS OF PROFIT AND PROFITABILITY OF GEORGIAN WINEMAKING ON THE EXAMPLE OF JSC “BADAGONI”

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indicator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analysis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the company. It is noteworthy that the starting point of a company’s financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, total expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company’s financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

KEY ASPECTS OF ANALYSIS OF PROFIT AND PROFITABILITY OF GEORGIAN WINEMAKING ON THE EXAMPLE OF JSC “BADAGONI

Profit is the main goal and the ultimate financial result of the business. Profit is an absolute indicator of the business operations of an enterprise and the main source of formation of its financial resources. Profit provides a characterization of the economic result obtained by enterprise as a result of its activities and, as a key indi-cator for assessing the activities of the enterprise, profit contributes to an increase in production, sales and product quality. The analy-sis of profit indicators allows us to draw important conclusions, but does not show the level of use of economic resources by the com-pany. It is noteworthy that the starting point of a company’s financial conditions and its stable business development largely depends on the efficient use of the economic resources. For these purposes, the relative rate of return – profitability - is used, which is calculated on different bases, for example: indicators of operating expenses, to-tal expenses, average annual value of assets, capital employed, etc. The profitability analysis improves the results of the performance analysis, since it is the profitability ratios that characterize the level of efficiency of the resources used. Considering all the above, we can say that profitability is also a strong indicator of the quality of the assessment of the management of enterprise, since it determines how purposefully the management uses the economic resources of the company. Thus, the main task of management is to guide and control the indicators of the profit and profitability. In this article, a study of the main issues of the analysis of profit and profitability was carried out on the basis of the audited financial statements of the JSC “Badagoni” for the production of Georgian wine for 2018-2019. The document outlines the directions for improving the company’s financial results and outlines measures for increasing profitability. Keywords: Profit; Earnings, Operating Profit; Advanced Capital; Profitability, Profitability Factor Analysis.

Advanced capital of the production sphere enterprises: analytical aspect

On the basis of the system approach, using methods of grouping and generalization the research of the advanced capital of the production sphere enterprises is carried out. Absolute and relative indicators are used as a system of indicators. The existence of destruction in relation to the distribution of advanced capital between the production sphere enterprises has been established. It is determined that the efficiency of enterprises differs significantly in terms of industries. The connection between the efficiency and the structure of advanced capital of the production sphere enterprises is revealed. The study of the structure of advanced capital was carried out in terms of industries, which allowed taking into account the specific features of doing business in each of them, as well as in terms of large, medium and small enterprises, for to visually identify the best structure of capital. Using the method of stochastic factor analysis, it was found that three factors have a significant impact on the efficiency of economic activity: the share of advanced wages, the share of fixed assets and intangible assets, the share of stocks in the structure of advanced capital. The direction and degree of influence of these factors in each industry and for each type of enterprise is different. Taking into account the environment of functioning of the production sphere enterprises, on the basis of the obtained regression equations, measures to increase of the efficiency are proposed.

Food Engineering in Ibero-America: the Contribution of the CYTED Program (1986–2005)

Between 1986 and 2005, the CYTED Sub-program on Food Preservation (CYTED-SFP) involved the collaboration of 11 Ibero-American countries, more than 60 multidisciplinary research groups and over 300 researchers. During this period, CYTED-SFP allowed the establishment of a thriving food engineering community through several international research projects and thematic cooperation networks. Scientifically, CYTED-SFP made important contributions in the areas of water management of foods and its practical applications as intermediate moisture foods, the preservation of foods by combined methods technologies, and minimally processed fruits and vegetables. CYTED-SFP played an important role in establishing food engineering as an academic sub-discipline in Latin America by the formation of advanced human capital (i.e., PhDs), training of technical personnel and students, initiation of academic programs in food engineering, and the generation of research articles, topical books, and educational material. Another legacy of the CYTED-SFP are the Congreso Iberoamericano de Ingenieria de Alimentos (CIBIA) congresses established in 1994, the last one (CIBIA-XI) celebrated recently in Valparaiso, Chile. CYTED-SFP is a unique example of international cooperation in the areas of food engineering and food technology.

Advanced Capital Budgeting Techniques: A Review Article

Perhaps the single most important decision faced by management is the selection of investment projects that maximize the present value of shareholders’ wealth. This paper is a review of the literature on capital budgeting procedures. Analytic techniques such as Net present value (NPV), Internal rate of return (IRR), Payback, Discounted Payback, Time-adjusted discounting, Accounting Rate of Return, Profitability Index and Modified IRR are reviewed here. Additional supplementary techniques, when some complexities relating to risk and uncertainty are involved, are also discussed. Results of field surveys are reported. In sum, the results suggest increased prominence of the NPV as an evaluation technique consistent with its much emphasized academic merit. In particular, the Graham and Harvey (2001) survey reveals that the likelihood of using specific evaluation techniques is linked to three factors namely firm size, firm leverage and CEO characteristics. The study recommends the use of real options techniques as they facilitate the linkage of financial objectives with corporate strategy in the ever-increasingly complex business environment.

Influencing Factors of Manufacturing Upgrade in Zhejiang Province Based on Global Value Chain

Manufacturing is the main body of industry, and it is also the pillar of the national economy. This paper makes empirical analysis of the main factors of manufacturing upgrade in Zhejiang province based on global value chain by using data from 1993 to 2012. It’s based on VAR dynamic system model and joints Granger causality test, impulse response functions, variance decomposition and other measurement tools. Empirical results show that: the influence produced by enterprise scale and advanced human capital is not significant. Technological innovation has made some impact effect, but its significance and persistence do not achieve the desired level. Producer services and system innovation have relatively stable positive stimulus and has a sustained effect. Based on this research , we put forward corresponding suggestions of the manufacturing upgrade in Zhejiang province.

The measurement of human capital: a multivariate macro-approach

We examine the human capital status of 123 countries by employing factor analysis on various national human capital indicators for the period 2000–2008 to construct two new measures. The first measure is based on advanced human capital, while the second is based on basic human capital. Our measures differ substantially from indicators used in previous studies on human capital and also lead to different rankings of countries. As rankings are not that informative without further information, we analyzed the distance between each country and the sample mean. Differences between countries are much more pronounced for our measure on advanced human capital than for our measure on basic human capital. Using cluster analysis, we classified the countries in four homogenous groups.

Capital humano avanzado y desarrollo: un desafío de política pública para Chile en el tercer milenio.

In recent decades, Chile has experienced strong and sustained economic growth. This has placed the country in leading position in the region in terms of competitiveness and, furthermore, it has turned Chile into a place of preference for foreign investment. However, public policies are urgently required to encourage and develop a critical mass of advanced human capital at different levels, disciplines and fields of application. The authors propose that one of the challenges involved in training advanced human capital in Chile is for the higher education system to take on the structural transformations required to provide what is currently understood as continuing education throughout a person's lifetime, so as to permanently adapt to the new conditions imposed by scientific and technological development and by the labor market.

Analysis of Strategic Issues for International Joint Ventures

International joint ventures (IJVs) are gaining importance in East Asia as many countries in the region, such as China, rely on IJV's to acquire advanced technology and capital. The typical form of IJV in developing countries is a cooperation between multinational firm from a developed country and a local firm. THese IJCs often have different characteristics from the JVs in developed countries, and to analyze them requires a different framework to define the various stages the IJVs go through. This paper proposes a typology as a conceptual framework for analysis and appraisal of the IJV in developing countries. The typology uses two dimensions, JV partner status and JV content, to identify 4 types of IJV and 4 patterns of IJV development. Three cases of Hong Kong-China joint ventures are used to illustrate the proposed typology of IJV.