Companies In Various Industries Research Articles

Requirements to the position of a financial manager in a modern commercial organization

The article is devoted to the study and identification of new competencies for the position of a financial manager, which an employee in a modern commercial organization must have, as well as the analysis of the requirements that companies impose on financial managers. It considers the role and features of the position of a financial manager in a commercial organization, determines his plays in the job hierarchy of the company. Particular attention is paid to the influence of digitalization and technologies based on artificial intelligence on the work of financial managers in a commercial organization. The article uses such research methods as analysis, synthesis, modeling, observation and comparison, as well as methods of data processing and interpretation. The relevance of the work lies in increasing the interest of financial managers in digital technologies and ways to increase the company’s profits thanks to modern tools. Scientific novelty of the study consists of identifying the relationship between the degree of use of mechanisms based on artificial intelligence in the work of a financial manager with the effectiveness of his activities. The work provides recommendations for changing the professional competencies for a candidate for the position of financial manager in a modern commercial organization. The scientific study was conducted in relation to large companies in various industries and based on analysis of the labor market and job search services.

Research of Practices of Formation and Development of Human Capital in Companies of Various Industries on the Russian Market

Almost all global trends create a synergistic effect, which increases the importance of forming and developing human capital to ensure the survival of companies in the market and their confidence in the future, regardless of their size and type of activity. However, despite the unflagging and continued interest of the scientific community in the issues related to human capital, there are still many “white spots” in this area. The aim of this work is to explore the approaches to forming and developing human capital applied by companies doing business in Russia in the current realities and modern conditions, to identify industry specifics and to outline recommendations. To achieve this goal, the authors conducted a questionnaire survey of managers of enterprises from different segments of the economy. As a result of the analysis of the obtained data, the conclusions were made that not all organisations have a generally accepted definition of HR and not everywhere there are procedures for its assessment. The problems related to personnel development, creation of competitive labour conditions for employees, search for potential employees and internal filling of vacancies were also revealed. The methodology of this work is based on a systemic approach and surveying, as well as general scientific methods such as synthesis, analysis, comparison, and generalization. Research results: Despite the fact that, in the opinion of the authors of the study, it did not consider all the problems of human capital formation and its impact on the sustainability of organisations, the obtained results allowed for the identification of the peculiarities of approaches to forming and developing human capital, considering industry specifics, and can be useful to develop practical recommendations for managers of companies aimed at improving this activity. Originality: This study presents, for the first time, a comprehensive overview of the approaches to forming and developing human capital in companies across various industries in the Russian labor market.

Experience layoffs, work engagement and the buffering effect of POS: a psychological contract perspective

PurposeThis study aims to explore the relationship between experience layoffs and employees’ work engagement. Drawing on the psychological contract theory, we examine the parallel mediating role of cognitive and affective job insecurity, along with the moderating role of perceived organisational support.Design/methodology/approachThe hypotheses were tested based on data collected from 737 employees of companies in various industries in China in an online survey.FindingsThe results showed the significant effect of experiencing layoffs on employees’ work engagement through cognitive and affective job insecurity, and the effect was stronger when perceived organisational support was lower. The moderated mediation effect mainly occurred through affective job insecurity but not cognitive job insecurity.Originality/valueThis study deepens the understanding of the mechanism of the negative effect of experiencing layoffs and the boundaries of its impact from a psychological contract breach perspective. By analysing the mediating role of cognitive and affective job insecurity, we have enhanced our understanding of the exchange-based mechanism of employees after experiencing layoffs. By examining the moderating role of perceived organisational support, we reveal the important role of supportive behaviours of organisations in mitigating the negative effects of experiencing layoffs.

Dilemma of the investment strategy: dividend cut-offs (retrospective analysis)

The author considers the results of a statistical analysis of changes in stock prices for 10 largest Russian companies in various industries over 12 years in connection with dividend payments. Statistical patterns of stock price behavior before and after the dividend cut-offs are revealed, which allows investors to build their dividend strategies and answer the “eternal” question of question of whether to sell or to buy shares before the dividend cut-off. A retrospective statistical analysis is carried out on 120 dividend payments.

АНАЛИЗ ESG ПОКАЗАТЕЛЕЙ В РАЗВИВАЮЩИХСЯ КОМПАНИЯХ И ОЦЕНКА ИХ ВЛИЯНИЯ НА ФИНАНСОВЫЕ ПОКАЗАТЕЛИ КОМПАНИЙ

The purpose of this study is to identify relevant evaluation criteria for the components of E (Environmental - environmental responsibility), S (Social - social responsibility) and G (Governance - managerial responsibility) of the studied companies in various industries. The study is based on data from companies operating in various sectors, including energy, chemical industry, metallurgy, oil and gas, real estate, retail, telecommunications and transport.

Performance of Chinas Macroeconomic Indicators in a Regression Model-Based Sales Forecasting

The impact of macroeconomic indicators on sales forecasts is a topic worthy of corporate consideration in China. However, previous research on this topic is rarely based on the Chinese context and lacks discussion of specific industry scenarios. In this study, 5 macroeconomic indicators that the Chinese government and people are concerned about are selected and put into the regression model and the AIC model selection criterion to study their performance in sales forecasts of 4 industries in China. It is concluded that under Chinas national conditions, Disposable Income per Capita and National Fixed Asset Investment are two macroeconomic indicators that deserve attention and perform better than other indicators in sales forecasts, and they have hardly been mentioned in previous studies. At the same time, the most appropriate model for sales forecasting in each industry contains different combinations of macroeconomic indicators. It is believed that this result is valuable for companies in various industries, and will be inspiring for subsequent research in the field of sales forecasts.

СТРАТЕГІЧНІ АЛЬЯНСИ ЯК ІНСТРУМЕНТ СИНЕРГІЇ МІЖНАРОДНОГО БІЗНЕСУ

The article investigates the role of strategic alliances in developing international business. This study aims to analyze the essence, forms, types, advantages, and disadvantages of strategic alliances, as well as to identify key success factors and potential risks associated with their formation. The research methodology includes a comprehensive literature review and a case study analysis of successful strategic alliances between leading international companies in various industries. The study results demonstrate that strategic alliances have become a powerful tool for achieving synergy and enhancing the competitiveness of companies in international markets. The article highlights the importance of careful planning, partner selection, clear goal setting, and continuous monitoring for the effective implementation of strategic alliances. The study also examines current trends in the development of strategic alliances in the context of globalization and digital transformation of business. The practical value of the study lies in providing insights and recommendations for companies considering the formation of strategic alliances to expand their global presence and achieve sustainable growth in the face of increasing competition and technological challenges. The article concludes by emphasizing the growing significance of strategic alliances as a key instrument for synergy and competitiveness in the international business environment and outlines potential directions for future research in this field. The study delves into the various motivations behind the formation of strategic alliances, such as access to new markets, sharing of risks and costs, acquisition of complementary resources and capabilities, and enhancement of innovation potential. The article also discusses the critical role of trust, communication, and cultural compatibility in the success of strategic alliances, highlighting the need for effective governance mechanisms and conflict-resolution strategies. The article also addresses the challenges and limitations of strategic alliances, such as the potential for opportunistic behaviour, loss of autonomy, and difficulties in integration and coordination, and suggests ways to mitigate these risks through proper due diligence, contractual safeguards, and ongoing relationship management.

Investigating the Impact of Export Market Orientation on the Success of Successful Exporting Companies through the Role of Competitive Intelligence

This study investigates the impact of export market orientation on the success of successful exporting companies through the role of competitive intelligence. The primary objective of this research is to analyze how export market orientation affects export performance and the mediating role of competitive intelligence in this process. The research method is descriptive-correlational, and data were collected through standard questionnaires from 120 managers and marketing experts of exporting companies. The statistical sample includes 35 successful exporting companies in various industries. Data analysis results using structural equation modeling indicate that export market orientation has a direct and significant impact on the export success of companies. Additionally, competitive intelligence, as a strong mediator, enhances this relationship. These findings suggest that companies with stronger export market orientation and superior competitive intelligence perform better in international markets. This study, by providing a new conceptual model of the impact of export market orientation and competitive intelligence on export success, offers recommendations to managers of exporting companies for improving export strategies.

조직구성원의 메타인지가 적응적 수행성과에 미치는 영향

This study aimed to examine the mediating effect of Self-Efficacy and the moderating effect of Psychological Safety Climate on the relationship between organizational members' Metacognition and Adaptive Performance, which is required to adapt to a continuously changing organizational environment, and to explore the mechanisms that enhance the effectiveness of Metacognition in influencing Adaptive Performance. To test the hypotheses, a total of 360 questionnaires were collected from employees of domestic companies in various industries with more than 300 employees and analyzed.
 As a result of the study, first, the direct effect between organizational members’ Metacognition and Adaptive Performance was confirmed. Second, Self-Efficacy was found to mediate the relationship between organizational members’ Metacognition and Adaptive Performance. Third, both simple moderating effect(reinforcing effect) and conditional indirect effect of Psychological Safety Climate on the relationship between Self-Efficacy and Adaptive Performance was identified.
 This study contributes to the extension and development of the existing research on Metacognition by empirically testing the mechanisms and boundary conditions between Metacognition and Adaptive Performance of organizational members. In addition, theoretical and practical implications of the findings are discussed, as well as limitations of the study and directions for future research.

Compliance as a mechanism for ensuring sustainable development of companies in crisis

Today, the world is in conditions of permanent instability due to constantly emerging crises, the beginning of wars, social changes, etc. This has a very negative effect on the activities of companies in various industries, reducing the possibilities of their sustainable development. The consequence of this is the need to use new management models, mechanisms and tools. The purpose of the article is to study the use of compliance and develop an approach to its implementation in the company’s management system. It was determined that the main factors that will determine the sustainable development of the company will be reactions to external influences, the level of efficiency of the company, its financial stability, the intensity of innovative activities and competent management. It is shown that companies in Ukraine make limited use of compliance. The main trends of compliance procedures in companies are the identification and regulation of conflicts of interest, the compliance function has the right of veto in relation to individual decisions, the minimization of compliance risks. The top 3 compliance risks that can lead to both significant financial losses and significant reputational damage include unscrupulous counterparties, conflicts of interest; corruption risks. It was determined that the compliance service should use a toolkit that will include methods of detection, identification and assessment of risks; development of anti-corruption provisions; conducting internal financial investigations and identifying fraudulent activities in the company’s activities, etc. It is proposed to implement compliance in three stages, namely: compliance audit, formalization of the compliance system and its implementation. This will prevent problems related to dissatisfaction and/or resistance of employees to changes in corporate culture and ethics of behavior in the company, increasing requirements in accordance with internal regulations, increasing the volume of work of both individual employees and structural units as a whole.

Impact of Investments in Green Technologies on Energy Security and Sustainable Development in the Future

One of the key areas of technological development in the world is the development of the so-called green technologies, which allow to ensure the required level of economic growth without creating additional environmental risks. In recent years, green investments in general, and green bonds, in particular, have become an effective tool for financing green projects. The purpose of the study was to determine the impact of the development of green technologies on energy security and sustainable development of energy technologies. To achieve this goal, the following tasks were solved: the essence and main directions of development of investments in green technologies in the modern investment space were determined; the volume of investments in green technologies in the world was estimated; possible directions of influence of investments in green technologies on energy security were outlined. It is established that green bonds and green investments in general can attract investors and create prerequisites for effective ensuring a sufficient level of environmental safety. It is also noted that ESG criteria are increasingly penetrating the financial sector. The emergence of green investments is associated with growing requirements for environmental friendliness of production and corporate social responsibility. According to market participants, over the next five years, many of the world's largest companies will add ESG ratings to traditional credit ratings and metrics. In general, analysing the effectiveness of investments in green technologies will help to make informed decisions and choose optimal development strategies that help to reduce the negative impact on the environment and increase the competitiveness of companies in the global market. The study concluded that investments in green technologies have potential opportunities for companies in various industries, but the success of such investments depends on a thorough financial assessment, risk management, and long-term development strategy.

Analysis and thinking of Hongda New Material Financial Fraud Case

With the continuous development of the economy, emerging companies in various industries are also competing for flowers, so information stakeholders in all aspects will pay more attention to the appreciability of profits when using financial statements, and accountants will be more likely to whitewash the statements. However, the occurrence of financial fraud will not only cause huge losses to enterprises, but also expose some shortcomings in various aspects of business ethics and professional ethics. Therefore, this paper analyzes the financial fraud incidents of Hongda New Materials, which then leads to various business ethics and professional ethics thinking problems such as the lack of ethics of financial personnel, the ineffective internal control system of enterprises, and the incomplete construction of industry rule of law, and gives suggestions for feasible measures.

СОВЕРШЕНСТВОВАНИЕ ГОСУДАРСТВЕННОЙ ПОЛИТИКИ В ОБЛАСТИ КОНСАЛТИНГОВЫХ УСЛУГ В СОВРЕМЕННЫХ УСЛОВИЯХ

The consulting services market has become an important and highly visible sector of the service economy in terms of the scale of ongoing transactions, the internal market structure, the complexity of the technological process of providing services, and the range of services offered. In this regard, the formation of a management system for the organization of consulting services, both at the state level and at the level of individual organizations and enterprises, is of particular relevance. In this study, the emphasis is placed, to a greater extent, at the macro level and examines in more detail the aspects of planning consulting activities and the role of consulting in the strategic management of companies in various industries, taking into account current trends in the Russian consulting market. The article considers the main directions of state policy in the field of managing the strategic and operational development of the consulting services market in our country, taking into account the influence of the uncertainty factor. Attention is paid to such aspects of state regulation as administrative and, in part, economic support for the consulting services market by the state, the greening of economic activity as an object for providing consulting support and information and analytical support from the state, planning consulting activities and a number of other relevant areas.

The Effect of Green Human Resource Management on Green Supply Chain Management

In the 21st century, rising concerns about environmental warnings has increased the importance of protecting the environment in different societies and organizations. A review of the specialized literature in this regard states that appropriate environmental management in companies requires the support of human resource management. Therefore, this research aims to investigate the role of green human resources management on the green supply chain management and the role of variables such as recruitment and selection, training, performance evaluation and rewards on the green supply chain management. In this research, data were collected through a researcher-made questionnaire and distributed electronically between 59 managers and experts from 40 manufacturing companies of various industries in Iran. All of the questionnaires were used. The Cronbach's alpha in the questionnaire was 0.70, which is an acceptable value. Finally, data was analysed using the LISREL software. The results of the research variables showed that the variable of recruitment and selection with the loading factor of 4.38, training with the loading factor of 4.37, performance evaluation with the loading factor of 4.91, and rewards with the loading factor of 4.92 analysed. The level of significance in all variables is less than 5%, which indicates confirmation of the relevant hypotheses. The results affirmed that the factors of the green human resources management were very influential on the green supply chain management. Additionally, the results illustrated that obtaining and recruiting suitable staff who have the competencies, skills, knowledge and ability to learn the future education, their training and development, assessment of the process with the aim of determining the results of the work of an employee and facilities shared by staff all have a significant impact on the green supply chain management

Pengaruh Current Ratio,Quick Ratio,Cash Ratio,Debt To Equity Ratio Dan Sales Growth Terhadap Profitabilitas Perusahaan Aneka Industri Yang Terdaftar Di BEI Tahun 2017-2018

This study aims to explore the relationship between financial parameters and profitability of companies in various industries listed on the Indonesia Stock Exchange between 2017 and 2019. Profitability is the dependent variable in this study, while debt to equity ratio, current ratio, quick ratio, cash ratio, and sales growth are independent factors. The research sample used is purposive sampling, and the following standards are used: (1) companies listed on the Indonesia Stock Exchange; (2) various industrial enterprises; and (3) businesses that have comprehensive annual financial statements for 2017 to 2019. Through sampling, 25 businesses from various industries were identified as meeting these criteria. The results of the regression analysis stated that the current ratio, quick ratio, and cash ratio did not have a significant effect on the company's profitability. However, debt to equity ratio and sales growth have a significant influence on a company's profitability. Thus, it can be said that the use of financial ratios such as debt to equity ratio and sales growth can increase profitability for the company. This research has several practical implications for companies in various industries, namely companies can consider the use of debt to equity ratio and sales growth in making strategic decisions to increase profitability. However, it can be noted that the results of this study are only valid in the specified research period, so companies need to conduct follow-up research to ensure the use of appropriate financial ratios in the long term
 
 Keywords: Current Ratio,Quick Ratio,Cash Ratio,Debt To Equity Ratio,And Sales Growth

УПРАВЛІННЯ ІННОВАЦІЙНОЮ АКТИВНІСТЮ ГАЗОВИДОБУВНИХ ПІДПРИЄМСТВ В УМОВАХ ЗМІНИ РИНКОВОЇ ДИНАМІКИ

In today's conditions, the strategic and innovative development path of Ukraine is being actively discussed. The goal of the innovation strategy is to maximize the development of all sectors of the economy, increase the quality of life of the population to a level that can be compared with advanced developed countries, and create a stable foundation for life. Preservation of the raw material vector of development makes it difficult to achieve this goal. The Ukrainian economy is still dominated by traditional technologies, techniques, organization and management developed in the last century. The purpose of the work is to reveal the principles of managing the innovative activity of gas production enterprises in the conditions of changing market dynamics. The realization of the goal is ensured by the support of a complex and systematic approach to research, subject-object and structural-functional approaches. The article reveals the principles of managing the innovative activity of gas production enterprises in the conditions of changing market dynamics. It is emphasized that the use of innovations in the activities of gas and oil processing enterprises in the modern economy plays an important role, they are the basis of the competitiveness of enterprises, increase the efficiency of their activities, contribute to the improvement of the quality of products and services. The diagram of the intensity of innovative activity of companies of various industries is graphically presented, based on the results of the analysis of the presented diagram, it was concluded that gas production companies are seriously lagging behind in the intensity of research and development compared to companies in other sectors of the economy. It is emphasized that in today's conditions there is a high degree of wear and tear of fixed assets of oil and gas enterprises, the presence of old gas-bearing wells, slow development of new wells, low costs for technological innovations negatively affect the innovative path of the industry's development. Innovative technologies that are actively used in the activities of gas production enterprises are an important spectrum of development. The linear trend of investments in research and development works in absolute values is graphically presented. The result of the work is a series of recommendations on approaches to the management of innovative activity for the development of gas-producing enterprises in the conditions of market dynamics, which in the future will help researchers to understand the essence of the process of innovation management in companies of the oil and gas industry, to explore ways of increasing the efficiency of managing the innovative development of gas-producing enterprises of Ukraine.

The influence of entrepreneurial innovations in building competitive advantage: the mediating role of entrepreneurial thinking

PurposeDespite the widespread recognition of the significance of entrepreneurial innovations in driving financial success and building firms' competitive advantage, there is a lack of empirical investigation into their impact on organizations. This research paper aims to address this gap by exploring how entrepreneurial innovations can contribute to firms' competitive advantage and the mediating role of entrepreneurial thinking in this relationship. To answer these research questions, this paper utilizes the resource-based view (RBV) of the firm and the dynamic capabilities view (DCV).Design/methodology/approachThe study employed a quantitative research design, and survey data were collected from 102 chief executive officers (CEOs) of Jordanian manufacturing companies in various industries. Structural equation modeling was used to test the hypothesized relationships.FindingsThe findings of this study suggest that there is a positive and significant impact of entrepreneurial innovation and thinking on the competitive advantage of firms. The authors also found that entrepreneurial thinking positively mediates this relationship. This study’s results support the RBV and DCV perspectives, which suggest that firms need to leverage unique resources and capabilities and develop dynamic capabilities to achieve a sustained competitive advantage.Originality/valueThe significance of this study lies in its contribution to the literature on the relationship between entrepreneurial innovation, thinking and competitive advantage. While previous research has explored these concepts separately, this study integrates them into a comprehensive framework that highlights the mediating role of entrepreneurial thinking in the relationship between entrepreneurial innovation and competitive advantage.

Stock Price Prediction Using Time Series Forecasting

Abstract: Accurately predicting stock market returns is a very difficult task due to the volatile and non-linear nature of financial stock markets. With the advent of artificial intelligence and increasing computing power, programmed forecasting methods have proven to be more efficient in predicting stock prices. In this work, artificial neural networks and random forest techniques are used to, predicted the next day's closing prices for five companies in various industries. Financial Data: Use the opening, high, low and closing prices to create new variables that will be used as inputs to the model. The model is evaluated against the standard strategy metrics RMSE and MAPE. The low values of these two indicators indicate that the model is efficient in predicting the closing price of the stock. Accurately predicting stock market returns is a very difficult task due to the volatile and non-linear nature of financial stock markets. With the advent of artificial intelligence and increasing computing power, programmed forecasting methods have proven to be more efficient in predicting stock prices. In this work, artificial neural networks and random forest techniques are used to, predicted the next day's closing prices for five companies in various industries.

Role Ambiguity, Role Conflict Dan Role Overload Sebagai Prediktor Cyberloafing Behavior

Cyberloafing behavior is a form of withdrawal deviance in the workplace which is increasingly surfacing along with technological developments. Cyberloafing behavior not only has a positive impact but also has a negative impact on the company. To maximize the positive impact and minimize the negative impact, this research has an urgency to examine predictors that can explain the occurrence of cyberloafing behavior. The study was conducted using employees from various companies in various industries as research samples. The results of this study indicate that cyberloafing behavior is explained by role ambiguity, role conflict and role overload.

IMPACT OF KEY ACCOUNT MANAGEMENT ORIENTATION ON COMPANY’S FINANCIAL PERFORMANCE

Key account management (KAM) is a strategic approach that focuses on developing and retaining long-term relationships with key customers. In today’s business world, where competition is fierce and disruption is the norm, KAM has become increasingly important for companies looking to maintain a competitive edge. In Bosnia and Herzegovina, many companies are beginning to recognize the value of KAM and are implementing KAM strategies to improve their financial performance. To better understand the impact of KAM on financial performance in Bosnia and Herzegovina, ongoing research is being conducted to identify the influence of key account management orientation on company financial performance in different industry sectors. The research has collected data from several companies in various industries, with each company being considered as a unit of analysis. To ensure the reliability and validity of the research instrumentation, a validated and reliable questionnaire was used, and item total reliability and confirmatory factor analysis were employed to test the reliability and validity of the constructs. The analysis of the data collected will be done using the structural equation modeling (SEM) technique, which will allow the researchers to identify the effects of key account management orientation on the company’s financial performance. The researchers expect to find statistically significant evidence supporting the impact of KAM orientation on the financial performance of companies in Bosnia and Herzegovina. The findings of this research could have important implications for companies looking to improve their financial performance through the implementation of KAM strategies. By demonstrating the impact of KAM on financial performance, the research could encourage more companies in Bosnia and Herzegovina to adopt KAM strategies and help them gain a competitive edge in their respective industries.