Domestic Companies Research Articles

화물자동차 안전교육 프로그램 개발 및 추진전략에 관한 연구

With the development of the logistics industry, there has been a rapid surge in truck traffic volume, giving rise to pronounced traffic congestion and a surge in traffic accidents. The fatality rate, which gauges the number of deaths per 100 traffic accidents, rising from 2.7 in 2020 to 2.8 in 2021. and was about twice higher than passenger cars and buses. This rate stood at nearly double that of passenger cars and buses. Although extant studies have underscored the significance of driver education as a pivotal factor in enhancing truck traffic safety, the realm of research concerning the formulation of comprehensive truck driver education programs remains underdeveloped. This study surveyed safety managers and truck drivers of freight transportation companies to identify the requirements for the development and operation of education programs such as the main contents, training period, and training method. Based on this, truck driver education programs (draft) are proposed by considering the truck drivers’ characteristics. In addition, 8 representative domestic freight transportation companies were selected to do in-depth interviews. Through this, the need for a truck driver traffic safety education program was confirmed. It was implied that legal and institutional support for education program’s development and management needs to be prepared. In light of these findings, this study elucidates a comprehensive strategy to foster the successful creation and streamlined operation of educational programs. The outcomes of this research are poised to serve as fundamental reference material for the formulation of targeted truck driver education programs within pertinent organizations, including the Korea Transportation Safety Authority, in the times ahead.

Agricultural Bio-Inputs as an Innovative Area of Opportunity for Agro-Industrial Growth in Developing Countries: Lessons from Argentina

Technology-based innovations in the bio-economy are expected to provide new market opportunities for agro-industrial growth in developing countries. This study explores how domestic entrepreneurs have been benefiting from the growing global demand for sustainable agribusiness by establishing themselves in the agricultural bio-inputs sector. Aiming to explore how developing countries can build agro-industrial capabilities that go beyond farming, a case study was conducted in Argentina giving the country’s large domestic market for agricultural inputs. The assessment was based on official data and a survey conducted with a sample of 14 Argentinean companies. Results revealed a growing number of domestic companies in the bio-inputs market, which accounted for 74% of the total number of companies by 2022. Contextual aspects that favored domestic players include private investments by local entrepreneurs, the use of locally available technologies, support from public innovation centers and assertive market strategies. Principal component analysis revealed different business models, which include companies focusing on the development of new products, companies with professional industrial plants for large-scale production and companies with a strong marketing component reaching out to farmers. The global growth of sustainable bio-based agricultural production offers areas of opportunities for domestic investments in cleaner agro-industrial sectors that go beyond the primary production of commodities and can build industrial capabilities in developing countries.

Digital Twin is an Effective Tool for Digital Transformation of Industrial Enterprises

The article presents the results of a study of digital transformation processes taking place on scientific and industrial enterprises using digital twin technology. The degree of introduction of digital technologies and the level of labor productivity in the developed countries and in Russia were considered. The concept, definition, properties and characteristics of digital twin technology were studied. The applied methods of digital design and modeling in the digital twintechnology were investigated. The author analyzes the features of creation, functionality, and the advantages of digital twin technology at various stages of the object's life cycle - during design, production and operation. Practical examples of digital twins application in the domestic industry are given: the design of a premium-class car of the 'Tuple' project, the optimization of technological grinding operations of product manufacturing, the introduction of a predictive prognostic system and monitoring of modern high-tech equipment of the combined-cycle unit of the Izhevsk CHP-1 PSU for monitoring the operational condition, reliable forecasting of technological processes, protection from incidents and accidents. The application of digital twin technology as a training complex to train the operational personnel of industrial facilities based on modeling of rarely encountered and critically dangerous operating modes of industrial facilities is investigated. The Russian market of digital design and modeling is studied and key leaders were identified. The top digital technologies to achieve technological leadership of domestic companies are summarized. As a result of the research, the key capabilities of digital twin technology and barriers constraining the processes of full-scale digital transformation of scientific and industrial enterprises are identified. Recommendations for the successful implementation and development of digital twin technology are proposed. The motivating factors of state support for the digital transformation of domestic business are summarized.

ON THE FEASIBILITY OF TEACHING LIGHTING ENGINEERING FOR SPECIALISTS IN CIVIL SECURITY

Statement of the problem. The article analyzes the state of lighting of industrial premises, which plays an important role in preventing occupational injuries. The issues of energy saving and energy efficiency are considered, which are even more important for Ukraine today than ever. It is shown that the maximum potential for energy savings can be achieved by increasing the rate of production of the most advanced types of lamps, cessation of production of morally and technically obsolete types of lighting fixtures, as well as due to the banal attraction of public attention to the use of new and economic light sources. It is also shown that important obstacles to the innovative development of domestic lighting companies are the problems of technical re-equipment of production, imperfection of traditional approaches, methodological and organizational skills of innovation, as well as technical factors such as depreciation of fixed assets, lack of methodological support for technical re-equipment. The main tasks that will help solve the problems of irrational use of electricity are presented. Objective. Providing fundamental training of highly qualified personnel who would acquire deep knowledge to perform professional tasks and responsibilities of an innovative nature in the field of lighting, selection, design and calculation of lighting of industrial premises and knowledge in the field of safety when using a particular type of lighting fixtures in different types of premises. Conclusion. When studying the issues related to the selection of certain lighting fixtures for production, you need to know the basic requirements for industrial lighting. As for safety in use, you need to know that industrial lighting fixtures on LEDs are provided with efficient heat dissipation systems, which makes them fireproof.

Building Agro-Industrial Capabilities in the Sugarcane Supply Chain in Brazil

Background: This study aims to explore how domestic entrepreneurs can benefit from the thriving global agribusiness by establishing themselves in agro-industrial segments that can best remunerate capital and labour. The ways in which domestic entrepreneurs in Brazil enter different segments of the agribusiness industry were assessed with specific attention to implications for the development of local agro-industrial capabilities. Methods: We assessed the current market share of domestic companies in relation to foreign multinationals in various segments of the sugar and ethanol supply chain in Brazil. Results: Foreign multinationals are market leaders in the fertilizers, machinery and trading segments (domestic companies market share is 20.3%, 33.3% and 42.9% in those segments respectively). However, Brazilian companies have achieved higher market share in segments such as plant breeding, sugarcane processing and farming (domestic market share is 93.2%, 67.4% and 75.5% respectively). Plant breeding, farming and trading benefit from governmental support in research, subsidized credits and market policies respectively. Conclusions: By investing in agro-industrial sectors developing countries can benefit from agribusiness expansion for their economic growth. Investments in science and technology and domestic regulatory actions can help to build country capabilities, although the impacts are sometimes limited to the agro-industrial sectors where domestic companies are more competitive. These lessons can help other developing countries to assess their opportunities and challenges for agro-industrial development.

OPTIMIZATION OF CORPORATE STRATEGY: ELIMINATION OF INEFFECTIVE ECONOMIC COMPONENTS

This article addresses the crucial issue of optimizing corporate strategies in the context of modern economic instability. The authors explore information processing methodologies necessary for identifying and eliminating ineffective economic components in the strategic planning of a company. The article examines the results of analyzing the experiences of both domestic and international companies in the field of corporate strategy optimization. The main emphasis is placed on the utilization of contemporary methods and tools for information processing, such as semantic analysis, comparative analysis, juxtaposition, and others, to obtain objective data and numerical assessments. The authors highlight key factors that should be considered when optimizing a corporate strategy, including efficiency, profitability, risks, competitiveness, and others. They also discuss approaches to selecting sources of information and data processing methods. The article provides practical recommendations for company executives to improve the strategic decision-making processes, enhance the overall socio-economic state, and increase the competitiveness of the enterprise in the conditions of economic instability.

How Profit Efficient is Indian Life Insurance Industry: A DEA Study

The cost and profit efficiency of all Indian life insurance businesses is examined in this article using the data development analysis technique for the years 2017 through 2021. The Tobit regression is also used in this study to look into how well life insurance performs in relation to company factors. Cost efficiency scores were higher than profit efficiency ratings, as shown by the study. According to this, one of the most important inefficiencies for Indian life insurance is revenue inefficiency. In addition, state-owned life insurance firm in India is more profitable and economical than private ones, according to this study. In general, joint life insurers are more cost-effective than domestic life insurance companies, whereas domestic life insurance companies are more profit-efficient than joint venture insurers. The profitability and cost-effectiveness of life insurers are positively impacted by the claims ratio. While there are favorable effects of the distribution ratio and market share, respectively, effects on profit and cost-effectiveness. During the study period, the Indian life insurance businesses were relatively cost and profit efficient, according to empirical evidence. This study is the first to examine the profit and cost efficiencies of all Indian life insurance businesses. Decision-makers, top management, regulators, and other industry stakeholders will all gain from the research.

Rethinking Test Data Protection in China-US Trade War: Integrating Empirical and Normative Analysis

Managing Intellectual Property (IP) protection over test data is a growth strategy in the trade competition, embodied as one of the crucial topics of US-China trade negotiations. Accordingly, the US took the trade war as a tool for the rivalry in the pharmaceutical industry and furnishing domestic companies with better protection schemes and more symmetrical access to the Chinese market. Even though the Economic and Trade Agreement Between the Government of the United States of America and the Government of the People’s Republic of China (Phase-one Trade Agreement) quelled the trade war, the dualism protection mechanism – ‘confidential business information’ protection and data exclusivity rules for pharmaceutical test data warrants exploring the legal basis and practical reasons. This article explores and clarifies the China and US trade arguments on test data and specific provisions of the Phase-one Trade Agreement from both empirical and normative perspectives. The empirical study sheds light on the pharmaceutical market competition between the US and China. Then it assesses the test data protection under the Phase-one Trade Agreement in light of US free trade agreements (FTAs), domestic legislation, and the Chinese test data protection legal system. In addition to providing contextual reflections, this article proposes China-US further negotiation for test data protection from a public health-friendly perspective, considering the US and Chinese legal frameworks and priorities regarding pharmaceuticals. Pharmaceutical, intellectual property, test data, confidential business information, data exclusivity, public health, US-China trade war, foreign trade agreements, Phase-one Trade Agreement

PRAVNI IZAZOVI PRI UVOĐENJU EVROPSKOG DRUŠTVA (SOCIETAS EUROPEA) U PRAVNI POREDAK BOSNE I HERCEGOVINE

The economic system and economic companies represent the main components of the economy of each country. Stable and internationally competitive economic societies represent the strength and support of social activities and favorable socio-economic conditions for the life of every resident of a social community. The development of economic activity depends on various factors. One of them is the legislation regulating the establishment, operation and termination of business companies. Nevertheless, legislation can be a driver of economic activities, but also a huge brake on their development, which, among other things, is reflected on the activities of domestic companies in international frameworks. It is precisely the change of legislation in Bosnia and Herzegovina that is the basic prerequisite for the establishment of a European company, as a new form of Europe- an company, which, in the broadest sense of the word, is one of Bosnia and Herzego- vina’s obligations on the way to full membership in the European Union. Key words: European Company, legislative framework, harmonisation of national legislation

Influence of Top Management’s Human Capital on Efficiency of Adaptation of Russian IT Companies to Cancel Culture and Structural Crisis

Since March 2022 Russian companies have faced a structural crisis, with the IT industry being the most affected. The paper investigates the impact of quality of top management’s human capital (HC) in the domestic IT companies on the effectiveness of their adaptation to this crisis. The novelty of the paper is underpinned by (1) an insufficient number of relevantstudies at times of permanent structural crises; and (2) analysis of the entire top management team. The results showed that the HC of top managers moderately and positively impacted the effectiveness of companies’ adaptation to crisis. No difference in the strength of impact of CEO HC and HC of the rest of the team was discovered. Such HC qualities as (1)young age; (2) taking office before the crisis; (3) experience in international companies; (4) experience in IT industry; and (5) openness to stakeholders were the most instrumental in promoting the adaptation to crisis.

Application of Low-Carbon Measures in Logistics Service Providers in Vietnam: A Comparative Study between Domestic and Foreign-Invested Companies

The logistics industry has been as a significant contributor to carbon emissions. Within Vietnam’s logistics sector, there is a notable contrast in terms of the quantity of foreign and Vietnamese companies and their respective market shares. This article used a structured survey and descriptive analysis to investigate the low-carbon-emission measures employed by domestic and foreign-invested logistics service providers (LSPs), comparing the results of these two groups, and in-depth interviews were applied for further discussion. The relevant literature was reviewed and expert insights were used to develop a comprehensive questionnaire, resulting in 166 completed responses, of which 159 were suitable for data analysis. The findings reveal variations in the degree to which low-carbon practices are adopted by foreign and domestic firms. In addition to changes in transport modes and the use of energy-saving lighting, the adoption levels of other low-carbon practices show that foreign LSPs exhibit higher engagement compared to their domestic counterparts. This can be attributed to their extensive global operations, greater access to capital resources, and a greater awareness of the importance of green initiatives in developed countries. In conclusion, this study conducts a comparative analysis between foreign-invested and domestic firms, which has not been previously investigated.

The Effect of Domestic Companies' Qatar World Cup Sponsorship Activities on Corporate Image and Advertising Effect

The Effect of Domestic Companies' Qatar World Cup Sponsorship Activities on Corporate Image and Advertising Effect

Noise Generators (A Review)

Introduction. At present, noise generators (noise signal generators) have a wide range of applications. For example, such devices can be used as sources of fluctuating interference when studying the limiting sensitivity of radio receivers and amplifying devices, as signal simulators of multi-channel communication equipment, as tools for measuring non-linear distortions and frequency characteristics of radio devices using spectrum analyzers with a constant bandwidth.Aim. Review of scientific achievements in the development of noise generators and their applications.Materials and methods. The material for analysis was collected using databases of scientific publications, online resources, and websites of noise generator manufacturers. The research spanned the timeframe of 60 years.Results. Various noise generators and their characteristics, currently available on the radio equipment market, are described. The analysis of their main technical characteristics is carried out; examples of their practical application are indicated.Conclusion. Noise signal generators are widely used in scientific research and are currently produced mainly by foreign companies. Domestic companies are poorly represented in this market, with little published information available. However, positive developments in this direction have recently been observed. Domestic manufacturers are launching R&D programs to develop noise signal generators, which could reduce dependence on imported products in the future

Competitiveness as an indicator of efficient operation of motor transport enterprises

Introduction. The development of market relations has led to the liberalization of foreign economic activity and the removal of monopoly barriers to the entry of imported goods into the Ukrainian domestic market. As a result, Ukrainian trucking companies have faced fierce competition both domestically and especially in foreign markets, which are often oversaturated with high-quality services and products. In these circumstances, the problem of increasing the competitiveness of domestic road transport companies is becoming particularly acute. Its solution requires, first of all, obtaining an objective assessment of the level of competitiveness of the relevant products and services of Ukrainian production and their foreign counterparts to address a range of issues, from technical and economic to social. The purpose of the paper is to determine the most influential factors that contribute to the competitiveness of a motor transport enterprise. Results. Road transport occupies one of the most important places in the country's transportation system. The main factors that determine the level of competitiveness of a motor transport enterprise are the quality of products and services, the availability of an effective marketing and sales strategy, the level of qualification of personnel and management, and the technical and technological level. One of the most important factors determining the competitive potential of a motor carrier company is the level of personnel qualifications. One of the crucial conditions for ensuring the competitiveness of a motor transport enterprise is the effective management of innovations and technologies. The factors that determine the competitiveness of goods and services are largely intertwined with the factors of the enterprise, but there are individual and specific parameters in the provision of certain services and the sale of a particular product. Conclusion. Significant results of a road transport company in the market can be achieved only if it can achieve a competitive advantage in the market of transportation services based on the most important success factors. Assessment of the level of competitiveness of an enterprise should be based on a comprehensive and multidimensional approach to this complex phenomenon, and should take into account external and internal factors of influence, the degree of financial stability and the real situation of competing enterprises.

Driving financial results is not the only priority! An exploration of the future role of chief financial officer: a grounded theory approach

PurposeThis study aims to develop a conceptual framework for the role of chief financial officer (CFO) in an ever-changing environment. As previous research focused on responding to specific crises, there have been theoretical and practical gaps in the role of CFO. The study's goal is to fill a critical gap by developing a comprehensive and integrated set of roles to assist the CFO in a constantly changing environment.Design/methodology/approachUsing a grounded theory approach, semi-structured interviews and observations were conducted with 21 CFOs from various industries in Thailand, including foreign multinational corporations and domestic companies with international operations. CFOs were asked how they frame their roles in the face of an ever-changing environment and how they prepare for the future.FindingsThe iCFO model is developed, which identifies the critical “core” roles of the CFO in securing the business foundation, as well as the “future opportunities” roles that function as growth engines for long-term business strength. The research delves into the importance of integrity, ethical mindset and corporate governance in the role of the CFO. The iCFO model is designed to help guide future research and provide practical applications for CFOs in both domestic and international contexts. The term “core” refers to the CFO’s primary responsibilities, which include driving profitability, managing risks and optimizing business performance. The “future opportunities” component focuses on the roles that CFOs can play in strengthening the future of business by optimizing investment efficiency, driving digital transformation and being the CEO’s business partner. The findings also emphasized “integrity,” which must encompass all decisions, actions or recommendations made by the CFO.Originality/valueThe study offers unique perspectives on an emerging economy, providing new insights. Through interviews with 21 CFOs, it contributes empirical evidence on the development of roles in accounting and finance, emphasizing good governance practices. The findings highlight the integrated role of the CFO and their self-reflection on their value within the company. Significantly, the study's implications are relevant and applicable to a global audience, particularly in developing economies that prioritize growth. Future studies could incorporate integrated thinking into the iCFO model to address social, environmental and economic factors, making it more universally relevant. Additionally, exploring the adoption of the chief value officer context in developing markets could enable CFOs to expand their focus beyond financial metrics, embracing a comprehensive approach to value creation. By integrating these concepts into the iCFO model, CFOs can effectively drive sustainable and impactful business outcomes on a global scale.

Fintech market in Ukraine: analysis and forecasting

The purpose of the study is to analyse the indicators of the development of the fintech market in Ukraine and to build a predictive trend model of the number of fintech companies created in 2023. The methods of analysis and extrapolation of trends were used to conduct the study. The factors influencing the active development of financial technologies in Ukraine are listed, as well as the main problems in the development of fintech. Indicators of the dynamics of creation of domestic fintech companies in 2012-2022 are given. The distribution of fintech companies by sector of activity has been analysed. The sources of financing of fintech companies in 2023 were studied. The range of technologies used by Ukrainian fintech companies was studied. Five trend models were created to forecast the number of fintech companies created in Ukraine in 2023.

Regulatory Problems and Risk Response Analysis of the Variable Interest Entity (VIE) System

The main reason for adopting the Variable Interest Entity (VIE) structure is that China has strict policies and legal restrictions on the listing of domestic companies. Many domestic companies with VIE structure have successfully listed overseas, and have created remarkable results and gained huge profits, for example, Alibaba, New Oriental, Sina and other enterprises, but the Alipay scandal in 2017 had to make people re-examine the risks of the VIE structure. Therefore, the formulation of laws and policies and regulatory systems applicable to VIE in China plays an important role in the good operation of VIE. This paper will adopt the method of case analysis and take Alibaba as an example to discuss the regulatory problems and risk response existing in VIE itself. The legitimacy of VIE itself is still vague, coupled with the different regulatory systems at home and abroad, the attitude of regulatory authorities and courts towards VIE is not clear, and there is even an inconsistency which makes the operation of VIE structure has certain risks. Therefore, the research and improvement of VIE legal policies and information disclosure systems also play a very important role in the good operation of the domestic capital market.

Security of Cyber-Physical Systems of Chemical Manufacturing Industries Based on Blockchain

The traditional manufacturing systems are often enterprise-centric systems, whereas the modern chemical industry is oriented towards industrial chain integration. Enterprise entities present a loosely coupled state at the scale of the industrial chain, with decentralized characteristics. This poses greater challenges and requirements for the industrial safety system. Based on the characteristics of the chemical manufacturing industry and blockchain, the application of the information security of blockchain in the chemical manufacturing industry is studied herein and the cyber-physical systems security architecture model of dual blockchains is proposed. The first-layer blockchain is applied at the system’s core function level to solve security issues at the system level and provide security guarantees for communication, transactions, and billing between users and manufacturers. Meanwhile, the second layer involves the system resource layer, which not only solves the security problem of cross-level platform data interaction, but also enables the point-to-point security of the device-level cyber-physical system to ensure internal equipment communication information security. A domestic commercial concrete manufacturing company’s real production and operation data were used to simulate basic functions such as transaction requests, trade success, and blockchain queries. After multiple tests, results show that its basic blockchain, query response, transaction creation, and block creation functions are all finished within milliseconds, meeting the industrial requirements. Its safety verification can meet the requirements of safety, efficiency, and low latency for production control in chemical industry sites, proving the feasibility of applying the dual blockchain model in the chemical manufacturing industry. Based on data security, privacy, and integrity requirements, the blockchain technology proposed in this article provides a more efficient, transparent, and secure operation and management solution for the chemical industry.

A Chronological Study of the Evolution of the Turkish Accounting Profession from the Ottoman Period to the Present

Synopsis The research problem This paper aims to reveal the transformations that the Turkish accounting profession has gone through since 1839 when the modernization efforts of the Ottoman Empire started. At this point, the transformation covers the final period of the Ottoman Empire governed by the sultanate (1299–1923), and the Turkish Republic that adopts a democratic governance style (1923–present). Having a static economic structure, the Ottomans tried to gradually adapt to western style governance and practices, and they decided to quit the Stairs method that used to be a state accounting method in the accounting system (750–1879) and transit to the double-entry bookkeeping method (1879). Within the framework of westernization efforts in the republic period, the accounting systems were based on the double-entry bookkeeping method, and they adopted tax-based accounting approaches previously. They moved toward development, professional organization, and international system integration in the process. Motivation The study aims to present the changes in the Turkish accounting profession in the last 200 years. The Ottomans had governmental and economic changeovers with the Tanzimat Reform. We deemed it to be a basic need to reveal the influences of demolishing a feudal state and founding a new state on the accounting profession and practices, and the developments of the accounting profession in the republic period. This study examines the period between 1879 and 2022 by dividing it into terms on the basis of significant changes in accountancy and the accounting profession. Target Population Accountant historians, finance analysts, shareholders of companies engaging in stock exchange deals, finance managers of companies, independent auditors and shareholders. Adopted Methodology Accounting historians’ documents, score matching analyses for robustness. Analyses All documentary analyses are composed to the results in different periods. The development of the accounting profession has been evaluated within economic and political processes. The effect of wars in Turkey and in the world on the accounting profession has been analyzed. The standards required for the merger of the accounting profession with the international practices in Turkish republic period were mentioned. They were analyzed by comparing the international and domestic companies. The international standards are required to evaluate the stock exchange movements of the public companies. Findings The trials for Fabrika-i Hümayun factory at the Ottomans in the 1840s showed that the economic structure and the accounting systems must be consistent; otherwise, the accounting, which is the decision support system, would not be utilized well enough. At this point, the need to transit to the double-entry bookkeeping and reporting systems compatible with the capital and profit motivated commercial and industrial operations arose, and the Ottomans quit the accounting method (Stairs) that had been used until that time in 1879, and they transited to the double-entry bookkeeping method. In order to overcome the issues that occurred within this transition process, several different organizations and bodies needed to be established, and a new republic devolved from a demolished state was founded. In the republic period, the changes were embraced by the professional stakeholders, and improved significantly in terms of institutionalization by attaining its legal organization (TÜRMOB). The profession has come a long way in terms of what had been a profession focused on bookkeeping only, having added reporting, professional organization, international cooperation and integration, adaptation to independent audit issues, and global system.

Human Capital as a Key Factor for Organizations’ ESG Goals

The integration of Environmental, Social and Governance (ESG) standards and principles in the development strategy is the organization’s commitment for long-run and inclusive sustainability. These pillars are currently important priorities for stakeholders, managers and policymakers. Thus, the main objective of this empirical work is to analyze the extent to which European companies currently manage to fulfill certain specific requirements related to ESG and the role played by highly qualified human capital in this process of sustainable development. To achieve this goal, a diverse research methodology will be used, consisting of critical comparative analysis of the specialized literature, interpretation of statistical data, and econometric analysis. Our analysis is based in particular on European companies data from various fields of activity and different sizes, extracted by Eurofound through a complex survey. The main results demonstrate how European Union Member States are clustered and ranked based on different ESG pillars, with Sweden, Denmark, Estonia or Finland as the best performers and Greece and Cyprus as the weakest performers. At the same time, the research highlights the limited role of highly qualified human capital in supporting the development of the ESG pillars included in the analysis. We also pointed out the effect on companies' competitiveness and resilience, as well as the need for underperforming companies to integrate human capital in the process of long-term sustainable and inclusive development, being the basic resource of any organization. The article may have a contribution to the literature because it demonstrates how EU Member States can be grouped according to specific ESG criteria of domestic companies, and also the role of highly qualified in boosting these criteria. Our study also may have possible practical implications, both for the academic environment, and also for the managers involved in the development of the business sector. We consider that our empirical results may contribute to the decision-making process regarding the future investments of the organizations.