Development Of Companies Research Articles

Firm value determinants: Panel evidence from European listed companies

Background: To manage growth opportunities effectively and to make a significant impact on superior longterm performance, it is necessary to analyze firm value and diagnose its determinants. Increasing profit, providing prosperity to the company's stakeholders, and improving company value are the goals of every company's business. Purpose: The paper aims to build a model of the company's optimal value by assessing company performance based on financial statement analysis of European companies over the period 2015-2020. Study design/methodology/approach: The impact of financial indicators such as financial leverage, profitability, size, liquidity, growth, and asset tangibility on company value was thoroughly considered. The empirical research was founded on a sample of 158 Eastern and Western European companies, generating 948 observations. Panel regression analysis was conducted. Findings/conclusions: The obtained results revealed that debt-to-assets ratio, return on equity, and assets tangibility have a significant adverse effect on company value, whereas the return on assets and firm size have a significant favorable effect. The obtained conclusions should serve as a beneficial tool for the strategy of reaching the targeted market company's value and ensuring the company's future viability by the market. Hence, stakeholders could assess the perspective of the future company's development and strengthen the importance and influence of financial variables on the company's value. Limitations/future research: The research limitations, which are also opportunities for future research, are aimed at the investigation of company value indicators at the level of individual European economies or industries. One should look at the company's value factors before and after the Covid-19 pandemic and consider a longer time in the company's business. Other financial determinants that affect the value of the company could be considered, and the company value could be measured by some other indicators. Also, the influence of nonfinancial determinants on the company value could be researched.

Determinants of internet financial reporting: the case of real estate and development companies in the GCC region

Determinants of internet financial reporting: the case of real estate and development companies in the GCC region

Determinants of internet financial reporting: the case of real estate and development companies in the GCC region

Determinants of internet financial reporting: the case of real estate and development companies in the GCC region

Organizational and economic aspects of managing financial policy, sustainable growth and development of the corporation

An attempt was made to develop recommendations on ways to optimize the organizational and economic mechanism of corporations, including the radio electronic industry. The study is a continuation of the work of Liberova A.A. and Tatarinets S.G. on the financial policy of organizations, sustainable economic growth and development of companies in the non-financial sector of the economy. Methods of decomposition and system analysis are applied in the evidentiary part of the study. The hypothesis is based on empirically identified functional features of corporate governance organizational structures by public and non-public joint stock companies. It is about the number, content of functions, authority, corporate responsibility of intra-corporate executive bodies: departments, offices, divisions. Public data is mostly obtained from the Interfax disclosure server. Interfax is an official analytical agency accredited by the Government and the Central Bank of Russia. According to the authors, the building of organizational and managerial structures significantly affects the results of the financial policy of the company and prospects for sustainable development. The authors formulated problems and gave recommendations on optimizing the organizational potential of the economic block for the phased implementation of the financial policy of a large company. Significant attention is paid to the relationship of the organizational mechanism to the success of financial policy in the field of financial planning. The hierarchical structure of organization of strategic planning with the purpose of optimization of financial policy of organizations is offered. The article analyses approaches to building the structure of organizational management of sustainable development. Some results of corporate movement towards sustainable development goals are shown.

CCU technologies as a tool to achieve Scope and ESG goals

The work examines current methods for the development and study of environmental, social, and governance aspects (ESG factors) in connection with international and governmental measures for sustainable development. It covers the UN Sustainable Development Goals and the Paris Agreement, which incentivize the consideration of ESG factors, as well as the impact of ESG on the industry and investors, particularly in the oil and gas sector. The authors delve into CO2 utilization technologies (CCS, CCUS, CCU) and the challenges of their implementation in various sectors. The role of oil and gas companies in sustainable development through the implementation of CCU technologies is analyzed; methods for capturing, transporting, and utilizing CO2 are discussed, along with technologies for producing chemicals from CO2 and their efficiency. The influence of CCU technologies on Scope 1, 2, 3 emissions, defining greenhouse gas emissions, is also examined. The challenges of transitioning to sustainable development and the importance of implementing CCU projects to enhance the ESG-rating of companies are highlighted. Sound implementation of CCU projects can determine successful industrial development, especially in the oil and gas sector, by reducing carbon dioxide emissions and creating competitive products.

Drivers and collaborative governance of public health emergency response in the context of digital city.

With the frequent occurrence of public health events, the government inevitably makes many mistakes in emergency management. In modern emergency management, it is particularly important to promote the diversification of emergency management subjects and improve the government's emergency management ability. In order to make up for the deficiency of government's participation in public health emergency management, this paper analyzes the driving factors and driving effects of enterprises' participation in public health emergency response under the background of digital city. A fully explained structural model is used to analyze the relationship between the different drivers. In addition, the spatial and temporal distribution characteristics of public health events were analyzed through spatial auto-correlation. On this basis, the government cooperative governance strategy is discussed. The results show that in the context of digital cities, there are 14 driving factors for enterprises to participate in public health emergency response. The most important factors are the company's own development needs, relative technical advantages and so on. The driving efficiency is mainly concentrated in three aspects: psychology, resources and structure. Public health events have periodicity in time distribution and regional differences in spatial distribution. The significance of this study is to help the government improve the emergency management ability from different angles.

Digitalization of HRM for strategic human resource management orientation: Logistic regression and dominance analysis approach

Background: According to the contemporary HRM theory, strategic human resource management (SHRM) orientation, as a company's philosophy of aligning human resource management (HRM) policies and practices with an organizational strategy for maximizing organizational results, is considered the highest level of a company's HRM development. At the same time, one of the trends in HRM is the digitalization of HRM activities, following the global trend of adopting digital tools for increasing individual and organizational efficiency and effectiveness. The question that consequently arises is whether the digital component entered the SHRM perspective, in other words, whether SHRM orientation could exist without digitalization of HRM endeavours. Purpose: The paper strives to provide answers, both theoretically and empirically, to the following central and three supporting research questions: CRQ = Is digitalization of HRM contributing to the strategic HRM orientation of a company?, SRQ1 = Are digital HRM practices positively related to the SHRM orientation?, SRQ2 = Are some digital HRM practices more relevant for the SHRM orientation than others?, and SRQ3 = If the relationship between digital HRM practices and SHRM orientation does exist, which digital HRM practice is the most relevant one for SHRM orientation? Study design/methodology/approach: To provide empirically based answers to research questions, we utilized the CRANET 2021 dataset, covering 4495 organizations with more than 200 employees from 38 countries worldwide. We used nine indicators for revealing the existence of digital HRM (manager self-service, employee self-service, HRIS, algorithm-based HRM, HR analytics, telework, digital learning, social media recruitment, social media selection) and five indicators for determining the SHRM orientation (HR manager's membership in the management board or equivalent; involvement of HR manager in the development of business strategy; existence of written HRM strategy; HR to employee ratio, the level of HR department performance evaluation). SHRM orientation was determined using K-Means cluster analysis, and relationships between variables were analysed using correlation analysis, multiple logistic regression and dominance analysis (DA). Findings/conclusions: Correlation analysis revealed that all indicators of digitalization of HRM processes have a positive and a significant relationship with SHRM orientation, implying that digital HRM practices are relevant for SHRM orientation. The results of logistic regression indicated that the usage of manager self-service, algorithm-based HRM, HR analytics, telework, digital learning and social media selection increase the probability of organizations' SHRM orientation more than other explored indicators. The results of DA demonstrate that the most important digital HRM practices for the SHRM orientation is digital learning. Limitations/future research: As CRANET dataset is limited in its variables of digital HRM and indicators of SHRM orientation, further research is needed to confirm our findings.

ПРИНЦИПИ РОЗВИТКУ ІННОВАЦІЙНОЇ ДІЯЛЬНОСТІ ПІДПРИЄМСТВ В УМОВАХ ЕКСТРЕМАЛЬНИХ СИТУАЦІЙ

In times of crisis, it is crucial to define the principles that will guide the innovative strategy of enterprises. This is necessary to be prepared for unforeseen challenges and to successfully adapt to changes. These principles help manage resources, ensuring flexibility, swift reaction, and risk reduction. Such an approach also fosters the creation of a corporate culture focused on innovation and continuous learning, making the company attractive to talented employees and investors. Furthermore, clear formulation of principles ensures adherence to high standards of ethics and responsibility in the company's activities, promoting stability and development in complex situations. The analysis of the development of innovation activity of enterprises in extreme situations has shown that the proper implementation of specific principles is crucial for ensuring resilience, adaptability, and innovative capacity of organizations. It has been argued that flexibility and adaptability, risk anticipation, quick response, cooperation and partnerships, resilience orientation, innovation culture, continuous learning, as well as ethics and responsibility are key elements that contribute to preparing and providing adequate responses of companies to unforeseen changes. It has been reasoned that such principles facilitate successful resolution of crisis situations and provide companies with opportunities for innovative development and longterm growth. This is achieved through the creation of adaptive systems capable of quickly responding to external changes and through the formation of strategic partnerships that expand resources and competencies. Therefore, the comprehensive and systematic application of the mentioned principles allows companies to effectively adapt to modern challenges and actively shape the future, where innovation serves as a means of ensuring business resilience and social responsibility. The application of the presented set of principles for the development of innovative activities is critically important for ensuring the resilience of enterprises in extreme situations. Principles such as flexibility, collaboration, innovation culture, and continuous learning contribute to the survival of companies and their long-term development and innovative progress. Responsible and ethical approaches to innovation in times of crisis help companies establish themselves as reliable and responsible market participants.

ДІАГНОСТИКА ЕКОНОМІЧНОГО ЗРОСТАННЯ КОМПАНІЇ В УМОВАХ СТАЛОГО РОЗВИТКУ: ЕКОНОМІКО-МАТЕМАТИЧНІ ОСНОВИ

Economic variables are important factors for explaining the dynamics of socio-economic processes and, as a rule, can be reflected in terms of results using abstract models. In conditions of uncertainty and under pressure from the external environment regarding the need to take into account non-economic factors, variables that are related and have a certain correlation with the result can be expressed in different values. To characterize the development processes of socio-economic systems as an object of management, a set of economic-mathematical models is used, among which the following are distinguished: optimization models, models of system dynamics, models of analysis and forecasting of financial reporting, models of discounting and value, conceptual model of ESG management. A structured review of the main generally recognized economic and mathematical methods and models shows that in the process of economic development, the level of technology, production efficiency, investments and other economic and non-economic factors have a certain influence on the direction and trajectory of economic growth, so companies should pay attention to the various influences of factors, to promote more stable development of economic activity. Mathematical models can specify abstract, non-quantitative problems, which is important in terms of sustainable development and the need to take into account non-economic parameters, mostly those that do not have a quantitative dimension. Such factors are difficult to take into account in traditional quantitative economic models. But thanks to the development of conceptual approaches and the use of various tools, the description, reasoning and calculation of relationships between processes and phenomena is possible with the help of quantitative and quantifiable non-quantitative parameters. As a result, economic-mathematical models play an important role in economic research and help solve practical problems on a scientific basis. In theory and in practice, there is a wide arsenal of development management tools. When modeling the company's economic development processes, it is important to consider it as an open socio-economic system consisting of interconnected elements that interact with the external environment. Such a system is presented through the functions performed by the business entity in the process of achieving the set goal, taking into account the conditions and circumstances through the search for possible alternatives. The performance of these functions involves a certain sequence of operations, the optimization of which leads to changes in the socio-economic system, and the actions, limited in time and aimed at the performance of relevant tasks, are modeled taking into account the need to solve problems or form new needs and satisfy potential requests.

Designing a Model of Strategic Alliances and Their Impact on Company Performance in Startups with a Social Mission in the Light Automotive Industry

Objective: The objective of this study was to design a model of strategic alliances and examine their impact on the performance of startups with a social mission in the light automotive industry. Methodology: This research was conducted using a quantitative approach with a sample of 15 senior managers from Iran’s automotive industry. Data were collected using a Likert-scale questionnaire, and cluster sampling was applied to select the participants. Structural equation modeling (SEM) and SPSS software were used to analyze the data. The impact coefficients and significance coefficients of the hypotheses' paths were examined to assess the relationships among the variables. Findings: The results showed that strategic alliances have a direct and positive effect on company performance (impact coefficient: 0.673). Moreover, the stage of company development moderates the relationship between strategic alliances and performance (impact coefficient: 0.404). Companies engaged in social innovation demonstrated better performance (impact coefficient: 0.487). Additionally, larger companies were found to perform better than smaller ones (impact coefficient: 0.488). Conclusion: The study concluded that strategic alliances significantly improve the performance of startups with a social mission. Companies at more advanced stages of development and larger companies benefit more from these alliances. Social innovation was also identified as a critical factor in enhancing company performance. Thus, strategic alliances are recommended as a key tool for achieving both economic and social objectives in the light automotive industry.

ДЕВЕЛОПЕРСЬКА ДІЯЛЬНІСТЬ В УКРАЇНІ: ОЧІКУВАННЯ ЗАЦІКАВЛЕНИХ СТОРІН З ВРАХУВАННЯМ ВПЛИВУ ЗМІН ЗОВНІШНЬОГО СЕРЕДОВИЩА

The article is devoted to researching the expectations of interested parties who are involved in the process of development and implementation of development projects (developers, investors, construction companies, buyers) in the modern conditions of the functioning of the economy of Ukraine, taking into account changes in the external environment. The implementation of development projects is a complex process that, on the one hand, affects the satisfaction of the interests of many interested parties, including development companies, investors, developers and real estate buyers, and on the other hand, depends on the reactions of the specified process participants to the current situation, and their expectations. The actual trends of recent years in the construction industry and the real estate market of Ukraine have been analyzed, and it has been established that the conditions in which companies related to the implementation of development projects operate are characterized by a significant degree of uncertainty. It was established that after the crisis of the beginning of 2022, there was a certain improvement in the situation, which was facilitated by the opening of access to the renewal of the possibility to sell housing by proxy, the simplification of the procedure for the coordination of projects with state bodies, the development and start of work of the affordable subsidized mortgage program, the adoption of a draft law on support for borrowers. Gradually, the work of most of the sales departments of developers, which were closed after the start of the war, resumed, business activity in construction revived, developers began to revise their plans taking into account new realities. However, despite the stabilization of the situation, the results of 2022 were disappointing. It was revealed that during the first half of 2023 there were trends to improve the situation. At the same time, external instability does not allow us to assert with sufficient reliability that these trends are stable and long-term. It has been proven that when forecasting the further development of development activities, the expectations of interested parties should be taken into account, because they are guided by them and make decisions capable of influencing the results of development activities. That's why the expectations of interested parties involved in the development activity were analyzed.

Effects of Climate Change on Cotton Production and Level of Adaptation by Producers and the Cameroon Cotton Development Company

Effects of Climate Change on Cotton Production and Level of Adaptation by Producers and the Cameroon Cotton Development Company

DEVELOPMENT AND IMPLEMENTATION OF A SYSTEM OF METRICS FOR EVALUATING THE QUALITY OF SOFTWARE PRODUCTS

This article discusses the development and implementation of a system of metrics for assigning employees of various levels of training to projects of varying complexity. Quality is an important aspect of software development, therefore, the development of a system that allows you to evaluate and control the assignment of employees to projects at various stages of creating a software product is an urgent task. The article suggests an approach to the development of such a system based on the analysis of existing methods and practices. The system of metrics for assessing competencies and complexity of projects may include various indicators, such as the number of integrations of a project, the complexity of the code, or experience in implementing complex integration projects or experience in implementing similar projects. The implementation of the system will allow you to evaluate the project and assign to it a certain training of analysts, testers and developers at various stages of software product development, which will allow you to implement it competently and without a large number of errors, as well as reduce development time. In addition, the article discusses the methodology of using a system of metrics for assigning human resources. This includes analyzing the data obtained, identifying trends and errors, as well as taking appropriate measures to assign resources to projects. Using the system will allow development companies to make more informed decisions regarding the quality of software products and increase customer satisfaction. In general, the article presents the basic principles and methods of developing and implementing a system for implementing a control system and assigning employees to projects, as well as describes the practical applications and benefits of using such a system.

Diagnosing the availability of the dimensions of a prosperous organization: An analytical study of the opinions of a sample of employees in Modon Real Estate Development Company

Diagnosing the availability of the dimensions of a prosperous organization: An analytical study of the opinions of a sample of employees in Modon Real Estate Development Company

An Arbitrator’s Duty to Disclose Conflict of Interest: Revisiting Global Gas and Refinery Limited v Shell Petroleum Development Company

An Arbitrator’s Duty to Disclose Conflict of Interest: Revisiting Global Gas and Refinery Limited v Shell Petroleum Development Company

Developing an ISO 45001-based OHSMS for a Bogotá, Colombia real estate and property development company

Today, many organizations are seeking to implement continuous improvement plans not only to achieve greater economic benefits but also to improve the quality of life for their employees. The importance of reducing and preventing workplace accidents, protecting the health and well-being of employees, and preventing work-related illnesses has increased. This article focuses on the development of an Occupational Health and Safety Management System (OHSMS) for an organization in the real estate and property development services sector in Bogotá. The design of the OHSMS is based on the identification of the deficiencies of the current system and the proposal of continuous improvement, according to the ISO 45001: 2018 standard. The design process included three stages of research: 1. initial diagnosis, 2. hazard and risk assessment, and 3. management system performance assessment with appropriate controls and indicators. This article evaluates working conditions in production and in enclosed spaces, such as offices. The integration of these aspects ensures a comprehensive vision of occupational health and safety in real estate and property development companies. The design of the OHSMS is an essential step towards the continuous improvement of working conditions and the well-being of employees. Compliance with the ISO 45001: 2018 standard aims to ensure a safe and healthy working environment for all members of the organization.

Ethical Reflections on the Application of Artificial Intelligence in the Construction of Smart Cities

With the increasing reliance and demand for artificial intelligence in the construction of smart cities, AI has been embedded in various applications and infrastructures. However, uncertainties, concerns, and even fears about AI are constantly emerging. This study based on actor‐network theory (ANT) showcases the application practices of artificial intelligence in smart city, including smart transportation, smart water management, smart healthcare, smart grids, and smart city evaluation standards, and analyzes the process of constructing an actor‐network involving governments, technology development companies, and urban residents. It demonstrates the interactive network processes such as problem statement, interest alignment, recruitment, and mobilization. It explores the relationships among humans, humans and technology, and the self‐challenges faced by technology, such as digital ethics, machine ethics, and relational alienation. In the future, it is necessary to establish explainable, transparent, safe, and responsible AI in the development of smart cities, grant certain rights, and respect to nonhuman actors such as data, AI, and machines, and formulate a series of laws and ethical guidelines to ensure the sustainable development of smart city.

Effect of Dividend Policy and Capital Structure on Firm Value with Growth Opportunity as a Moderating Variables

Objective: Main objective this research is to examine and analyze the effect of dividend policy and capital structure on firm value with growth opportunity as a moderating variable.
 Methodology: Quantitative techniques are used in this study. A purposive sampling of 54 samples based on preset criteria was conducted on the trading and service organizations that will be listed on the Indonesian Stock Exchange in 2019–2021 as the population for this study. Dividend Policy and Capital Structure, which are independent factors, Firm Value, a dependent variable, and Growth Opportunity, a moderating variable, are the variables that were looked at in this study. The research data was subjected to analysis using the SmartPLS 3 software application, which served as the analytical tool.
 Results: The results of the research show that dividend policy which is proxied dividend payout ratio (DPR) has a significance impact on firm value, capital structure which is proxied debt to equity ratio (DER) has a significant impact on firm value, growth opportunity which is proxied earning per share (EPS) has a significance impact on firm value, dividend policy has a significance impact on firm value with growth opportunity as a moderating variable and dividend policy has not impact on firm value with growth opportunity as a moderating variable. The results of the research overall study have consequences for businesses in the trade and service sectors that are listed on the IDX, requiring them to conduct evaluations or plan in order to optimize corporate value for the benefit of shareholders.
 Implication: Implications will be impact all parties based on the results of this research among companies listed on the IDX will make planning and evaluation, especially the trade and service sector to take precautions so that the company's value remains stable and normal. For potential investors, it will be an opportunity and opportunity to choose to invest in the right company to achieve maximum profit, high company value is indeed an attraction for investors but good growth is also a support in seeing how far a company can increase its firm value supported by a high capital structure also has good implications for the company's development.

FINANCIAL MANAGEMENT IN THE HEALTHCARE INDUSTRY OF THE SLOVAK REPUBLIC

Background: Healthcare is one of the most monitored areas of human activity. The healthcare segment, especially healthcare, drug development and manufacturing are among the defensive sectors that thrive even in times of uncertainty. Aims: The aim of the paper is to apply methods of financial analysis in the financial management of hospitals in NACE 861 – Hospital activities, to assess and increase competitiveness and financial performance. Sample: The research sample consists of medical facilities under the jurisdiction of the Ministry of Health of the Slovak Republic transformed into joint-stock companies and hospitals under the jurisdiction of the Ministry of Health of the Slovak Republic, the Ministry of Defense of the Slovak Republic, and the Ministry of the Interior of the Slovak Republic according to NACE 861 – Hospital activities. Methods: We use basic thought operations and selected mathematical-statistical methods in the paper. The financial analysis of the hospitals will be carried out based on the data taken from the financial statements available in the Register of Financial Statements of the Slovak Republic for the years 2007 - 2022. Results: The results show that the geometric mean for the period 2008 - 2020 for costs is G = 1.01 and for revenues is G = 1.02. Conclusions: Financial aspects are key factors in the company's development process. Knowledge regarding the financial health of the company can help the company in its competitiveness. In the framework of business management, many decisions are influenced by financial and economic analysis. Every manager should strive to understand financial theory. Implications: The benefit will be an evaluation of the financial situation and insight into the competitiveness of the healthcare industry.

PARENTING DAN SEMINAR PENDIDIKAN KARAKTER SEBAGAI UPAYA PEMBENTUKAN KARAKTER SISWA SMP & SMA SEKOLAH ANGKASA LANUD SOEWONDO MEDAN

The acts of crime and delinquency among children and teenagers continue to increase, such as robbering, mugging, stealing, rape, brawls, bullying and even murder, as well as other acts of violence, as well as their mental health conditions becoming increasingly worrying, which is marked by an increase in suicide attempts and suicides. Therefore, there needs to be cooperation from both of the government and society, by looking at the psychological side of the individual perpetrator, the parenting style of the family, community and society at large so that similar acts do not continue to increase. Observing this phenomenon as a form of concern and seriousness in preventing similar actions, Yasarini (Ardhya Garini Foundation), known as Sekolah Angkasa Lanud Soewondo, collaborated with the Developer Company PT. Taman Malibu Indah and Writers, located in the Mustang Hall Jalan Komodor Muda Adi Sucipto Medan, held activities in the form of Parenting for parents of students and Lectures for Middle and High School students at Sekolah Angkasa Lanud Soewondo, by providing an understanding of character values related to God, by yourself, with each other and the environment. The aim of the activity are the parents and students to know the importance of having good and strong character which can lead students had to become human resources advantage in welcoming Indonesia Gold in 2045.