Aspects Of Financial Activity Research Articles

KEY CONCEPTS OF MODERN ENGLISH FINANCIAL DISCOURSE

The study is devoted to the analysis of key concepts of financial English discourse contained in media texts. The research material is based on financial texts posted on the website theguardian.com. The article is aimed at identifying the impact of the selected concepts on a wide audience. The main purpose of the study is to systematize and identify the main concepts that characterize the specificity of the linguistic image of financial concepts in the media context. To achieve this goal, the analysis methodology is used, which involves a thorough study and identification of the key elements of financial English discourse in media texts. The main theses of the study include the analysis of the use of specialized terminology and linguistic features of speech in media materials. The concept of "concepts of financial English discourse" is defined in the article as key ideas, concepts or topics that characterize the specificity of the speech image in the field of finance in the English-speaking environment. These concepts cover financial terms, concepts, principles, theories, strategies and other aspects that are actively used in the speech in the field of finance and economics in English-speaking countries. It has been found that the main concepts implemented in the financial texts on theguardian.com are RISK AND RISK MANAGEMENT, BANKING SERVICES, INVESTMENTS, FINANCIAL MARKETS, FINANCIAL INSTRUMENTS AND PRODUCTS, FINANCIAL INDICATORS AND REPORTS, MONEY AND CURRENCY. The selected concepts reflect various aspects of financial activities, such as risk management, investment, banking, financial analysis, international finance, budgeting, as well as economic concepts that affect financial markets and the global economy. The results of the study demonstrate the significant influence of the information space on the formation of financial English-language discourse for a wide audience of media platforms. The conclusions emphasize the importance of understanding financial terminology and the ability to analyze media texts in order to improve the financial literacy of society.

РЕІНЖИНІРИНГ ФІНАНСОВИХ БІЗНЕС-ПРОЦЕСІВ ЯК ІНСТРУМЕНТ ОПТИМІЗАЦІЇ ДІЯЛЬНОСТІ ОРГАНІЗАЦІЙ

The aim of the work is to form the conceptual components of the reengineering of financial business processes in an organization. Analyzing, systematizing and summarizing the scientific works of many scientists, it should be noted that in order to successfully manage financial flows and their nodes, it is necessary to improve or create effective methods and tools in the organization. One of the methods for managing financial flows is management based on the reengineering of financial business processes. It has been substantiated that financial business processes are a set of one or more interconnected financial procedures / operations (functions) that jointly implement the financial business task of an organization within its organizational structure that describes functional roles and relationships. The paper defines and systematizes the main financial business processes. It is substantiated that the reengineering of financial business processes covers all aspects of financial activity, taking into account the goals of the organization and in accordance with the sensitivity of the market, and the process of its implementation in the organization is also recommended, where at each stage the head of the organization's division decides on the implementation of the next stage. Criteria are formulated (duration of the process; completeness, timeliness of obtaining and reliability of information; laboriousness of the process), advantages (transparency, responsibility, efficiency) and errors of reengineering of financial business processes.The paper substantiates that when reengineering financial business processes, it is effective to use CALS technologies that provide for the organization of a single information space and integrate automated systems designed to effectively solve engineering tasks and plan and manage production and organization resources. The characteristic properties of the CALS technology are determined and it is indicated that the use of CALS technologies allows the organization to improve processes during the business process or product cycle, reduce the timing of the business process and reduce the cost of the business process.

Financially-legal regulation of basic public debt management in the conditions of coronavirus pandemic

This article is devoted to the consideration of some issues related to the legal regulation of the main methods of public debt management in Russia in the context of the coronavirus pandemic. In the course of the study, the features of the external and internal debt of the Russian Federation are highlighted, various approaches to the definition of this category are considered, and some aspects of legal regulation in this area are analyzed. It is determined that the norms of financial law regulate a whole and diverse set of public relations related to the implementation of borrowing both in the domestic and foreign markets, and it is necessary to comprehensively regulate this institution. In conclusion, it is concluded that the coronavirus pandemic has greatly affected all aspects of financial activity, the state had to resort to additional borrowing on the domestic market to eliminate the consequences of the pandemic. Based on this, we need a well-thought-out strategy for the development of legislation in this area at all levels of the budget system of the Russian Federation.

Підходи та методи оцінювання інноваційних компаній

The article the main traditional approaches to business valuation, namely: profitable, costly and comparative have been explored and analyzed. The main methods within each of the traditional approaches have been investigated. The methods of estimating the value of business by income approach are the method of capitalization of net income, the method of capitalization of dividends, the method of capitalization of excess income and the method of discounting cash flow. The methods of estimating the value of business by the cost approach are: the method of net book value, the method of adjusted book value, the method of estimating the net market value of tangible assets, the replacement cost method, the replacement cost method and the liquidation value method. The methods of estimating the value of business by a comparative approach are the method of industry ratios, the method of comparing sales and the method of multipliers. In addition, it is found that in modern conditions, traditional approaches to assessing the value of the business “in its pure form” are not always used by venture investors, and the most popular methods are contractual, multipliers, discounted cash flow, venture and real options. Synthetic models play an important role today. In world practice, many different approaches are used to assess the value of companies, their assets, business in general. However, the issue of evaluation is still insufficiently addressed. When conducting valuation work in enterprises, many of the existing approaches are either not used at all, or are used very rarely, resulting in practice does not always achieve a comprehensive, complete and objective assessment of the amount of capital. A characteristic feature in determining the value of the business within the application of each of the commonly used methods is the need to take into account various aspects of financial activities, which leads to different estimates of the value of the business, which requires coordination of the results. This situation involves the selection of key cost parameters to obtain the final value of the business. Given the above, there is a need and feasibility to reconcile the results of business valuation methods, which will help to obtain a reasonable value by combining the advantages of each of the traditional methods. Determining the value of the company is one of the most important tasks in the field of corporate governance, which makes it possible to assess the level of competitiveness and success of the company in the market. The process of determining the value is carried out with a specific purpose: calculating the sale price, property insurance, obtaining a loan, etc., which determines the choice of valuation method. Business valuation is the determination of the value of a business as a property complex that can bring profit to the owner. When conducting an appraisal examination, the value of all the company’s assets is determined: real estate, machinery and equipment, inventories, financial investments, intangible assets. In addition, the efficiency of the company, its past, present and future revenues, development prospects and competitive environment in this market are assessed separately, and then the evaluated company is compared with similar companies. On the basis of such a comprehensive analysis, the business is actually assessed as a property complex that can be profitable.

Financial Law in the Interdisciplinary Institution of Personal Dignity

By referring the dignity of the individual to meta-legal categories, considering it as a principle of law that forms an integrated inter-sectoral institution aimed at ensuring the implementation and protection of human rights, the author analyzes the role and place of financial law in the personal dignity concept. Taking into account the peculiarity of the subject matter and methodological basis of the financial and legal industry, the author concludes that the studied branch of law should be considered as a securing legal instrument of generating and implementing personal dignity, its dynamic essence through a unique legal mechanism of redistribution of material resources in the state. Acknowledging the positive binding as the basic legal means of such an instrument, the author analyzes the subjective rights of the individual in financial relations, in particular their property component, in two aspects of financial activity of the state and public legal entities: in the formation and distribution and use of public funds. In order to ensure the realization of the individual-centered spirit of financial law, the author concludes that it is necessary to carry out the doctrinal analysis and legal consolidation of the financial and legal status of the individual, to develop a system of so-called monetary rights of the individual in the process of formation, distribution and use of funds of the state and municipal entities.

Research of consumer crediting of «Metallinvestbank» for 2014-2016

Article is devoted to studying of features of consumer crediting in PJSC JSB Metallinvestbank bank. In article definition of a consumer loan according to the legal doctrine is given. The analysis of structure and structure of borrowers, dynamics and structure of the loans granted to natural persons is carried out. The technique of development of the system of actions to introduction of the effective development strategy of the enterprise is supposed. Management of financial risks of the enterprise represents a part of activity of the financial manager. Each enterprise for ensuring stable work in the future, has to have accurately definite purposes. The most effective system of management is the system of strategic management which demands from heads of understanding of essence of strategy, use of receptions and methods of strategic management, development of strategic plans. From here, strategy has to change and adapt to change of conditions, both the external, and internal environment. Therefore, the business management problem is relevant. The analysis of the specified problems has shown lack of effective management of the enterprises taking into account risk situations. Now there are no effective techniques and models of business management representing the relations of the economic subject assuming interrelation in granting and consumption of goods and services. The policy of management of financial risks represents a part of the general financial strategy of the enterprise consisting in system development an action for neutralization of possible negative financial consequences of the risks connected with implementation of various aspects of financial activity. Within this policy the list of financial risks is defined. The conclusion is drawn on a condition of a problem of financial risks at the enterprise: the most priority risk is the risk of decrease in financial stability (or risk of violation of balance of financial development), it has the greatest assessment. Further risks of insolvency (or risk of unbalanced liquidity) the enterprises and criminogenic risk follow. The least priority is the deposit risk. At the final stage the methods of decrease in financial risks of the enterprise including forecasting and monitoring of production and financial activity with establishment of standard ranges, increase in solvency through optimization of management of monetary assets are offered. As methods of decrease in criminogenic risk the methods of transfer of financial risk directed to diversification and insurance are allocated.

Research of the sources of macroeconomic threats of financial security of joint stock companies

The object of research is the financial security of joint-stock companies in Ukraine. The problematic aspect in ensuring financial security of business entities is the identification of relevant factors that can cause a negative result of their financial and economic activities. In the course of the research, a critical analysis of the approaches of Ukrainian and foreign scientists to the allocation of macroeconomic threats to the financial security of joint-stock companies, as well as the current legislation, is conducted. The result is the division of all factors in accordance with regulatory legal acts into four sources, namely: investment factors; macroeconomic development factors; fiscal factors; other factors. Such classification of sources, unlike existing ones, takes into account specific aspects of financial activity of corporate structures. It is also proved that threats of a macroeconomic and microeconomic nature can create both conditions where there is a stabilization character and act as a determinant of the financial security of joint-stock companies. Based on the obtained results, the company provides an opportunity to quickly respond to the place of occurrence of a threat to its financial security and apply adequate tools to prevent or minimize the consequences of such threats.

Introduction of policy of management of financial risks in LLC Tekhosnastka

Proposed the technique of development of the system of actions to implementation of the effective development strategy of the enterprise is described. Control of financial risks of the enterprise represents a part of activities of the financial manager. Each enterprise for support of stable operation in the future, shall have accurately definite purposes. The most effective system of management is the system of strategic management which demands from principals of understanding of an entity of strategy, use of receptions and methods of strategic management, development of strategic plans. From here, strategy shall change and adapt to change of conditions, both the external, and internal environment. Therefore, the business management problem is urgent. The analysis of the specified problems showed absence of effective management of the enterprises taking into account risk situations. Now there are no effective techniques and models of business management representing the relations of the economic subject assuming correlation in provision and consuming of goods and services. The policy of control of financial risks represents a part of the general financial strategy of the enterprise consisting in system development an action for neutralization of possible negative financial consequences of the risks connected to implementation of different aspects of financial activities. Within this policy the list of financial risks is defined. The most significant financial risks are identified and by means of a ball scale ranging of risks is made and the curve of accents is defined. The conclusion is drawn on a status of a problem of financial risks at the enterprise: the most priority risk is the risk of lowering of financial stability (or risk of violation of equilibrium of financial development), it has the greatest assessment. Further risks of insolvency (or risk of unbalanced liquidity) the enterprises and criminogenic risk follow. The least priority is the deposit risk. At the final stage methods of lowering of financial risks of the enterprise are offered. Such as prediction and monitoring of production and financial activities with establishment of the normative ranges, increase in solvency through optimization of control of monetary assets. And as methods of lowering of criminogenic risk methods of transfer of financial risk, such as, diversification and insurance are selected

(Post-)Konstruktivistische Perspektiven in der Finanzgeographie – Einführung zum Themenheft

(Post-)Constructivist perspectives in financial geography - introduction to the special issue. Economic activities in the financial sector are heavily dependent on social values, attitudes and routines. Recent advances in financial geography and neighbouring disciplines, most notably constructivist approaches, put forth remarkable achievements that improve our prospects in conceptualising the societal aspects of financial activities in general and financial places in specific. This editorial paper provides an overview on these advances and reflects on both the strength and weakness and the methodological foundations of constructivist approaches in studying financial geographies against the background of longer-term epistemological developments.

Introducing a cultural approach to technology in financial markets

This paper offers a cultural approach to technology as an alternative to what we see as a prevailing treatment of technology in social studies of finance. This latter treatment, which we refer to as the ‘tools of coordination’ approach, sees technologies as mediators of market behavior that promote standardization and coordination. While this may be one important function of some technologies, taking a cultural approach to studying financial technologies highlights other important aspects of financial activity – in particular profit making. Instead of focusing primarily on how technologies coordinate market behavior, we focus on how technologies enable profit-making practices, in particular arbitrage. In two different case studies, one examining arbitrage between stock exchanges during the late nineteenth century and the other focusing on contemporary high-frequency trading, we employ the cultural approach to technology. We find that while new technologies do eventually promote greater coordination in financial markets, they are initially deployed for the opposite purpose, to produce what we call network differentials that allow some to profit at the expense of others.