Evaluation Of Assets Research Articles

Assessment of intellectual property objects and its role in making informed management decisions

Aim. To determine the characteristics and specificity of intellectual property management of a modern organization and on this basis to form an understanding of the role of its assessment in making sound management decisions.Tasks. To reveal the essence and managerial basics of intangible assets as key assets of modern organization; to prove the value of intellectual property and its assessment from the position of modern management and business; to compare the currently used approaches to intellectual property assessment from the point of view of their advantages and disadvantages as well as their role in management decision making; to suggest the directions of using the results of intellectual property assessment in the process of functioning and development managementMethods. The methodological basis of the study was the conceptual concepts of the theory of managerial decision-making and property theory, which allowed the authors of the article to use a system of general scientific methods and approaches to the study. When writing the article, the textual analysis of scientific publications and provisions of current regulatory documents in the field of determining the value and market evaluation of intangible assets, the comparative analysis of key methods of evaluation of intellectual property objects with an indication of the shortcomings of each of them, the calculation method, tabular data presentation, as well as the construction of groupings and generalizations were used.Results. The essence of intangible assets was revealed, which is manifested in the fact that they act as a factor that significantly increases the competitiveness, market value and financial performance of the enterprise. This makes special demands on the management of intellectual property as a key asset of a modern organization. The value of intellectual property and its assessment in terms of making important managerial and business decisions that affect the success of the organization is argued. This is expressed primarily in the growth of market capitalization of companies-owners of intellectual property. The approach[1]es to the assessment of intellectual property applied today are compared: income-based, comparative and cost-based, which allowed to identify their advantages and limitations, to determine the prospects of using different combinations of approaches and methods of assessment in making managerial decisions. The directions of using the results of the intellectual property assessment in the process of managing the sustainable development of the organization under the current conditions of economic instability and increased likelihood of risks, which actualizes the need for organizations to have reliable information about the fair value of intangible assets.Conclusions. As a result of the analysis of publications and normative regulations, as well as the performed research of the specifics of intellectual property management at the contemporary stage of economic development, the authors have made a conclusion about the increasing role of its assessment, providing a reliable base for making reasonable managerial decisions by the management of organization. The assessment of intellectual property objects within the framework of presented in the article managerial approaches should provide a sustainable innovative development of modern organizations and increase their strategic competitiveness.

A Comprehensive Asset Evaluation Method for Oil and Gas Projects

The rapid and accurate evaluation of oil and gas assets, specifically for new development projects, poses a significant challenge due to the various project types, limited data availability, brief periods for assessment and decision making, and constraints arising from varying contractual and taxation conditions, political stability, and societal factors. This study leverages the grading standards of the evaluation index system for new oil and gas field development projects, along with relevant mathematical theories and methods for project evaluation and optimization. We developed an asset evaluation approach for new oil and gas projects by analyzing the assets of six new oil and gas field development projects in Brazil. This analysis resulted in the grading and ranking of new projects, and we tested and demonstrated four asset optimization techniques. After a comparative analysis with conventional evaluation results, we established an oil and gas project asset optimization approach centered on the cloud model comprehensive evaluation and linear weighted ranking, exhibiting Kendall’s tau coefficient of 0.8667 with conventional methods. The findings suggest that the combination of the cloud model comprehensive evaluation method with the linear weighted ranking method can facilitate asset optimization for oil and gas field development projects, meeting the practical needs for fast selection among various new projects. Furthermore, this research offers a technical and theoretical foundation for rapid evaluation and decision making regarding new assets.

Research on the Construction of Curriculum System of Asset Appraisal Major under AI Automatic Valuation Trend

With the application of AI technology in the asset appraisal industry, an asset appraisal platform based on online data collection, conversion and automatic valuation based on artificial intelligence has been established, which can greatly improve the evaluate efficiency of asset appraisal professionals. Due to the late start of asset appraisal major in universities in China, the problem of imperfect curriculum system of asset appraisal major is gradually exposed. Colleges and universities need to reform the current curriculum system, add more courses related to AI automatic valuation technology, and add more practical content, to help students master more evaluation methods, and cultivate new compound asset evaluation talents.

COST MANAGEMENT OF THE LIFE CYCLE OF REAL ESTATE OBJECTS: EXPERIENCE, PROBLEMS AND SOLUTIONS

The authors of the article address the international experience of implementation and use of the concept of evaluation and cost management of Life Cycle Costing (LCC) and Whole Life Appraisal (WLA) of real estate objects. The author’s interpretation of the issues and ways of introduction of this concept in developing countries, in particular in Ukraine, is presented. The article describes the tools and forms of public-private partnership for implementing this concept in the practice of effective functioning of socio-economic systems. Specifics of the managing life cycle costing of real estate objects basing on such approaches/ methods as development, maintenance, surveying, and concession are determined. The paper emphasizes the practical significance for all interested parties in the real estate development market of using methods of a comprehensive and systematic approach to the integrated evaluation of assets in the process of their design, construction, operation, and maintenance. The authors focus on the need for comprehensive accounting of the costs of the whole life cycle of a product (both construction products in the form of buildings and structures, and any high-tech products with a long life cycle from its design to disposal). Notable cost management methods (Kaizen Costing, Standard Costing, and Target costing) are considered, as a significant component of the LCC/WLA concept the development. The authors analyse the role of corporate investment funds, joint investment institutions, professional associations, and asset management companies in the implementation of the LCC/WLA concept in the field of real estate development. The respective statistical data (from Ukrainian practical experience) that can be used to prognosticate the impact of inflation in the construction industry are cited. The significance of database digitalization and BIM technologies in the introduction of the regarded concepts in the practice of construction and development activities is stressed.

The Extension and Improvement of the Forest Land Net Present Value Model and Its Application in the Asset Evaluation of Cunninghamia lanceolata Forest Land

In order to solve the problem in that the classical forest land expectation value method ignores the actual forest stock volume when assessing the income at the end of the current production cycle in the forest, and fill the research gap in this area, the technical system of the forest land asset evaluation was enriched. The forest land returns were divided into two parts, i.e., the segmented forest land return price from the growth of the actual forest stand to the end of the growth cycle (Bu1), and the segmented forest land return price for an infinite number of growth cycles after the growth of the actual forest stand to the end of the growth cycle (Bu2). Through structure, the forest land gain price expansion model was obtained, and the stand quality including the average diameter at breast height, average height, stock volume, and outturn of stand as dummy variables were used to construct the growth harvest model related to asset evaluation. Taking Cunninghamia lanceolata forest land as an example, the traditional asset evaluation methods were comparatively analyzed. The residual standard deviation (RSD) of the growth model was less than 10%, the total relative error (TRE) and mean system error (MSE) were within ±10%, the mean prediction errors (MPE) were less than 5%, and the mean percentage standard errors (MPSE) were less than 10%, respectively. Combining the forest land net present value expansion model with the traditional evaluation method, the evaluation value of the forest land assets was subsequently calculated, and accordingly, the forest land asset evaluation prime stand factors were predicated. It was found that the valuation results of the forest land net present value expansion model were consistent with the actual situation. The forest land net present value expansion model can therefore be used for asset evaluation of tree forest land (including natural uneven-aged forest land), bamboo forest land, shrub forest land, and economic forest land, and provide new technical support for forest land asset evaluation.

Descriptive Analysis of Performance Evaluation of State-Owned Assets in South Sulawesi Province

In addition to saving great potential if managed properly, State-Owned Assets also saves problems related to its management. For this reason, it is necessary to evaluate the performance of State-Owned Assets so that decision making is carried out appropriately, and Management of State-Owned Assets can run optimally, so as to realize expenditure efficiency and effectiveness of state wealth management. The research method used is a descriptive method with a quantitative approach to 290 performance evaluation data, using the score card method with six performance evaluation measurement indicators, namely public interest, social benefits, user satisfaction levels, potential future use, financial feasibility, and technical conditions. The evaluation of State-Owned Assets performance in South Sulawesi Province predominantly performed well (69.66%). The evaluation results for the indicators of Public Interest, Social Benefits, User Satisfaction Level, Future Use Potential, and Technical Conditions have high scores, while Financial/Economic Feasibility indicators have low scores.

Multiple Game and Computer-Aided Evaluation System Design of Computer Software Legal Protection Policy

This article has deeply studied the two kinds of computer software legal protection policies ISO17799 and ISO13355, and analyzed the conceptual model and relational model of the multiple game. On this basis, the concept of computer-aided evaluation based on computer law is proposed, and a computer-aided evaluation system is designed, which effectively realizes asset evaluation based on multiple games and threat and vulnerability evaluation based on probability statistics. And on the basis of referring to the risk assessment process and based on the actual needs of the system, a highly operable assessment process that is convenient for computer implementation is proposed.

Digital Transformation, Manipulation of Asset Evaluation and M&A Performance: Discussion on the Intermediary Effect of Internal Control

Purpose - The purpose of this study was to examine the internal relevance between digital transformation, manipulation of asset evaluation and corporate M&A performance and further explores the impact path of manipulation of asset valuation on corporate M&A performance.
 Design/methodology/approach - This study based on the financial data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2021.
 Findings - First, manipulation of asset evaluation is negatively correlated with M&A performance. Second, Digital transformation significantly weakens the negative correlation between manipulation of asset evaluation and corporate M&A performance. Third, The effectiveness of internal control plays a partially intermediary role in the process of manipulation of asset evaluation affecting M&A performance.
 Research implications or Originality - Enriching the existing literature on the subject, the study can also provide useful reference for improving the performance of corporate mergers and acquisitions, regulating asset valuation, promoting the digital transformation of enterprises and improving internal control mechanisms, with both theoretical and practical implications.

The governance of rent‐seeking behavior in carbon asset pledge financing: An evolutionary game perspective

AbstractAs an emerging financing model in the carbon financial market, carbon asset pledge financing (CAPF) has received extensive attention from governments and firms with the advance of low‐carbon economy. Since enterprises, banks, third‐party carbon asset evaluation agencies (TCAs), governments, etc, are involved in the operation of CAPF, driven by information asymmetry and the interaction among different stakeholders, rent‐seeking behavior is easy to occur in CAPF. This paper develops an evolutionary game model to investigate the rent‐seeking behavior in CAPF among different stakeholders. In addition, the risk‐sharing and penalty mechanisms are also taken into account. Subsequently, we examine the effect of relevant parameters on the dynamic evolution strategy of all parties in CAPF rent‐seeking through numerical examples. The results show that the governance of rent‐seeking behavior in CAPF needs the cooperation of different participating entities, the improvement of carbon financial market can reduce the occurrence of rent‐seeking behavior in CAPF. Compared with firms, TCAs are more susceptible to opportunism. Additionally, both the risk‐sharing mechanism and the penalty mechanism can effectively reduce the occurrence of rent‐seeking behavior. This paper contributes to the management of CAPF, and managerial insights for the governance of rent‐seeking behavior in CAPF are also provided.

Intelligent detection of IT assets in power grid enterprises based on signal processing and cyberspace

Signal processing can complete the processing of various types of signals to obtain key data. Signal processing can also filter out redundant noise signals and ensure the quality of source signals. Due to the various functions of signal processing technology, it is widely used in network security, especially in IT asset detection and other aspects. Cyberspace is a general concept, which represents all devices associated with network connections. Detecting network assets in cyberspace means finding all networked devices. The detection of IT assets for power grid enterprises can help power grid enterprise IT administrators understand enterprise IT assets. At the same time, it can also discover the security loopholes existing in the operation of the current enterprise IT assets, and use the detection results to fix the loopholes as soon as possible to prevent the occurrence of network security incidents. This paper firstly sorts out the concepts of signal processing, cyberspace and power grid IT assets, then combines CNN and signal processing technology to design an intelligent detection strategy for power grid IT assets, and compares the designed strategy with the efficiency and other indicators of traditional detection methods. In contrast, finally, a cyberspace-based IT asset intelligent detection strategy was designed, and a power grid enterprise IT asset intelligent detection system was designed. Through the deployment strategy test environment, a test case was written in Python language, and the cyberspace-based IT asset intelligent detection was found. Compared with the traditional power grid enterprise IT asset detection scheme, the strategy has better performance in all aspects. The research adopts the method of modeling and analysis to calculate the signal values of the IT assets involved as much as possible, thereby greatly reducing the possible errors in the evaluation of enterprise IT assets. The test of the results obtained by the formula shows that the IT asset detection combined with the cyberspace search method shows superiority in different indicators.

Оцінка як елемент управління нефінансовими активами державних установ

Evaluation plays a vital role in the management of non-financial assets in public sector institutions, which explains the significant interest of researchers in finding ways to improve it, analyzing the advantages and disadvantages of different approaches to evaluation, and studying the evaluation practice according to International Evaluation Standards. The purpose of the article is to reveal the features of evaluation as an element of management of non-financial assets of state institutions, as well as to analyze the features and approaches to assessing non-financial assets depending on their types and conditions of use. The structure of national and international evaluation standards was revealed. In the wartime and the post-war recovery of Ukraine's economy, it is advisable to rely on the results of evaluation conducted by the International Evaluation Standards, which are fundamental when making investment decisions, preparing financial statements, and ensuring regulatory lending requirements. Thus, the European integration of Ukraine is only possible with the implementation of the International Evaluation Standards, which can be implemented in several ways: full or partial application, as well as the development of national evaluation standards based on international ones. Valuation is not only one of the elements of the accounting method; valuation is an independent system consisting of such elements as the object and subject of evaluation, the subject matter of evaluation, and the subjective and objective side of evaluation. The article discloses certain aspects of the evaluation of non-financial assets of state institutions. Special attention is focused on justifying the expediency of choosing one or another approach to evaluation. It was determined that applying the cost approach to the evaluation of non-created non-financial assets is the most appropriate, which, however, does not exclude the possibility of combining it with other approaches in practice. Implementing International Valuation Standards in Ukrainian legislation will avoid opaque methodology and manifestations of subjectivism in selecting approaches to the valuation of non-financial assets of state institutions.

Underwater Inspection of Highway Bridges - Recent Trends and Technologies

Underwater engineering evaluations of transportation assets have historically relied largely upon conventional, crewed commercial diving operations, using visual testing (VT) and tactile examination methods to detect surface discontinuities and evaluate site conditions. In practical application, this approach alone is often found to be suboptimal, due to multiple challenges inherent in conducting inspections in the underwater environment. Modern underwater inspections are increasingly reliant upon new technologies, and nondestructive testing methods beyond VT are used during conventional diving inspection to gain a broader picture of the asset and its condition, increasing efficiency while lowering risk in the process. Underwater engineering inspectors today employ traditional nondestructive technologies, including VT, ultrasonic testing (UT), and magnetic particle testing (MT) techniques, in concert with acoustic (sonar) imaging techniques and remotely operated vehicles (ROVs) to obtain more detailed information about the asset and adjacent waterway conditions. This approach enhances the inspection’s safety and efficiency and reduces risk to the bridge owner and end user. This article discusses today’s underwater bridge inspection approach, emphasizing the NDT technologies utilized and their benefits.

SOME ISSUES RELATED TO THE REFLECTION OF FINANCIAL TRANSACTIONS IN ACCOUNTING IN ACCORDANCE WITH IAS No. 38 “INTANGIBLE ASSETS”

The purpose of the research is that in accordance with IAS No. 38 “Intangible Assets”, the requirements for the recognition and evaluation of intangible assets are studied on the basis of regulatory legal acts and scientific and theoretical approaches adopted in Azerbaijan, and the state of application of the features of their reflection in accounting was considered. The methodology of the research - based on the requirements of IAS No. 38 entitled “Intangible Assets”, methods such as synthesis, analysis and comparison were used when assessing financial transactions connected with the movement of intangible assets. The practical importance of the research – due to the importance of intangible assets in the formation of financial resources of commercial organizations, an analysis was carried out on a more reliable and transparent reflection of these assets in the financial statements prepared by these organizations in accordance with the requirements of IAS No. 38 “Intangible Assets”. The results of the research - in order to obtain high financial indicators calculated for the continuous implementation of activities in commercial organizations, studies were conducted to ensure an increase in the quality characteristics of financial information regarding intangible assets reflected in the financial statements in accordance with the requirements of IAS No. 38 “Intangible Assets”. The originality and scientific novelty of the research - based on the regulations adopted in Azerbaijan and scientific and theoretical approaches regarding the disclosure of individual items specified in the International Financial Reporting Standard No. 38 entitled “Intangible Assets”, appropriate comments were given on the features of reflecting financial transactions in accounting.

ОСОБЛИВОСТІ ОБЛІКУІНФРАСТРУКТУРНИХ АКТИВІВ УДЕРЖАВНИХ УСТАНОВАХ

Objects of non-financial assets are an important element in the implementation of effective financial and economic activity. On the basis of their use and application, the necessary social effect is achieved for the sake of which public sector institutions function as business entities. But in the structure of non-financial assets, it is advisable to single out the infrastructure assets, which are extremely important for ensuring the social effect. The main users of infrastructure assets are citizens, that is why the issue of an effective accounting system of infrastructure assets requires detailed research and generalization. In addition, issues related to accounting, evaluation, recognition and disposal of infrastructure assets are extremely important in the period of conflict and military aggression of the Russian Federation on the territory of Ukraine. The purpose of this article is to study the essence of non-financial assets, namely infrastructure assets, the peculiarities of accounting and their recognition as a separate object. In addition, to systematize a comprehensive approach to the formation of information about relevant assets in accounting, which involves setting aside a separate sub-account for accounting for infrastructure assets, as well as to systematize the features of accounting for infrastructure assets depending on the method of receipt, which will ensure the formation of an up-to-date and effective accounting system for assets infrastructure. It is proposed to make changes to NP(S)BODS 121 "Fixed Assets" for the purpose of identification and their reliable assessment and to add information about infrastructure assets as one of the components of fixed assets in a separate section, and when determining the classification of fixed assets by groups, it is advisable to add a group of assets "Assets infrastructure". As a result of the study, the need to make changes to the Chart of Accounts in order to identify and separate infrastructure assets among the objects of fixed assets is substantiated.

面向生态产品价值实现的生态修复市场化投入研究进展

PDF HTML阅读 XML下载 导出引用 引用提醒 面向生态产品价值实现的生态修复市场化投入研究进展 DOI: 10.5846/stxb202202130345 作者: 作者单位: 作者简介: 通讯作者: 中图分类号: 基金项目: 中国科学院战略性先导科技专项（XDA20020402）；国家自然科学基金项目（42171088）；中央高效基本科研业务费专项 Research progress on the market-oriented investment in ecological remediation for the realization of ecological product value Author: Affiliation: Fund Project: 摘要 | 图/表 | 访问统计 | 参考文献 | 相似文献 | 引证文献 | 资源附件 | 文章评论 摘要:充足稳定的资金是国土空间生态修复顺利开展重要保障。然而，政府投资作为生态修复的主要资金来源，存在资金缺口大、项目周期短等问题，亟需探索面向生态产品价值实现的生态修复市场化投入逻辑。针对生态产品价值实现的市场化路径，建立了"生态修复对象-生态产品类型-近远程效益-投资方式"为分析步骤的生态修复市场化投入逻辑框架，从投资方式角度分析了国内外生态修复市场化投入的研究进展。基于国内生态产权界定模糊、生态产品价值体现不明显、市场化投入机制不完善等问题，今后有必要重点研究建立体现价值实现路径的生态资产评估体系、识别面向不同购买主体的生态产品价值实现模式、模拟以价值流为纽带的生态产品空间纽带关系、凝练基于自然的区域解决方案引导市场投入。 Abstract:Ecological restoration of territorial space is an important way to practice the concept of ecological civilization and realize the construction of ecological civilization. Sufficient and stable funds are important guarantee for the implement of ecological restoration of territorial space. However, as the main source of funds for ecological restoration, government investment has problems such as large funding gap and short project duration. Market investment can transform the achievements of ecological restoration of territorial space into ecological products with social, economic and ecological value while giving full play to the guarantee of funds. Therefore, it is urgent to explore a market-oriented investment logic for ecological restoration oriented to the realization of ecological product value. This study sorts out the conceptual connotations and related theories related to the market-oriented investment in ecological restoration of territorial space. This study summarizes the market-oriented investment model of ecological restoration from three perspectives:ecosystem types, investment approach and the short term and long term of ecological restoration benefits. Aiming at the marketization path of ecological product value realization, this study establishes a logical framework for ecological restoration marketization investment with the demonstration steps of "ecological restoration object-ecological product type-short term and long term benefit-investment approach". From the perspective of investment methods (government + green finance pattern and government + market investment (PPP) pattern), we analyze the research progress of market-oriented investment in ecological restoration. Based on the vague definition of ecological property rights in China, the inconspicuous reflection of ecological product value, and the imperfect market-oriented investment mechanism, it is necessary to focus on the establishment of an ecological asset evaluation system that reflects the value realization path, the identification of ecological product value realization modes for different purchasers, the simulation of the spatial relationship of ecological products linked by value flow, and the exploration of nature based regional solutions to guide market-oriented investment. Specifically, when establishing an ecological asset evaluation system that reflects the value realization path, we should consider the willingness of land participants and utilization stakeholders; when identifying ecological product value realization modes for different purchasers, we should ensure the sustainability and diversity of purchasers on this basis of ensuring the output of ecological products; when simulating the spatial relationship of ecological products linked by value flow, we should calculate the overall benefit based on the value based nexus relationship; when exploring the nature based regional solutions to guide market-oriented investment, we should nest the main functional regions in the existing ecological functional regions and ecological restoration regions, identify market demands guided by society, population, economy and industrial structures, and identify ecological products with regional characteristics. 参考文献 相似文献 引证文献

Research on Asset Division and Evaluation Methods

With the deepening of globalization in the world, the economies of various countries are also pouring into the international financial market. Against this background, China's securities market is also coming into the opening. China's inclusion in MSCI China Index has made it more attractive for global funds. However, since its inception in the early 1990s, China's stock market has been viewed as highly speculative always, which will interfere with investors' investment behavior. To allocate funds reasonably in the A-share market better, investors need to classify assets and formulate different stock selection strategies for different types of assets. Therefore, this topic is focused on how to select stock and how to evaluate assets from different views. We analyze different stock selection strategies through accounting, mutual funds managers, stock market and traditional views with various calculating methods. Through summarizing several related research, we found that the effectiveness of the Fama-French three-factors model in the Chinese stock market is poor and the investors' sentiment and the number of retailers both make a difference in investors' stock selection strategies. To evaluate assets, we discussed the evaluation of tangible and intangible assets separately. We conclude that it's easy to process data for intangible assets and this calculation method will perform better in the Chinese future market.

The Financial Component of the Scientific Publication’s Value Original article

Publication activity in modern society is presented as a driving force of scientific and technological development and as an indicator of university management reporting. The article is devoted to the study of approaches to determining the monetary value of a scientific publication, taking into account different behavior’s motives of researchers and teachers in higher education as authors. The methodological basis of the study was formed by concepts of creating a public good and financial good, concepts of scientific productivity and academic remuneration, neoclassical and neoinstitutional economic theories, approaches to the implementation of state policy in the field of science and education in terms of stimulating scientific publications. Research methods: critical and comparative analysis, with the inclusion of three groups of methods: a) the study of direct and indirect authors’ motives and traps in the publication of scientific papers; b) asset evaluation methods; c) a combination of socio-economic campaigns for monetary evaluation of the results of scientific research. Asset valuation approaches have been adapted to assess the scientific publication’s value from the position of the author as a beneficiary. The theoretical and practical significance of the research lies in the contribution to the value dimension of scientific publications for their authors in the conditions of academic capitalism with potential opportunities to receive monetary income from the results of their research.

Efficiency Evaluation of Assets and Optimal Portfolio Generation by Cross Efficiency and Cumulative Prospect Theory

Efficiency Evaluation of Assets and Optimal Portfolio Generation by Cross Efficiency and Cumulative Prospect Theory

СИСТЕМИ ЕКОНОМІЧНОГО УПРАВЛІННЯ ІННОВАЦІЙНОГО РОЗВИТКУ ПІДПРИЄМСТВА

The article is devoted to the theoretical and methodological foundations of the application of the basic systems of economic management of the enterprise in the management of innovative development. The relevance of the problem lies in the fact that a modern enterprise on the way to success must take a number of circumstances into account, first of all, it must be based on the introduction of innovations, and economic management of the enterprise should be the the basis of management. The main focus of the article is on the analysis of three systems of economic management of the enterprise – the CVP system, the system of balanced indicators and the controlling system. The author identified the main problems solved by each of the systems regarding the innovative development of enterprises, the advantages and disadvantages of their use in the management of scientific research and innovation activities of the enterprise. It was determined that the CVP system enables the construction of a model of planned income from innovative activities and partially solves the biggest problem of innovative development of the enterprise – taking into account innovative risks; the system of balanced indicators coordinates the operational and strategic management of innovative development by building a complex of interrelated specific indicators of their achievement, helps to determine indicators of intangible asset evaluation; the controlling system involves the creation of a new concept of management, which is based on the management's way of thinking, focused on effective economic management and on the basis of the formation and use of information support for analysis, planning, and evaluation of innovative development. In fact, each of the three analyzed systems solves separate problems of improving the management of research and innovation and reflects the need to change the concept of management by innovative development of a modern enterprise. The conducted analysis of the peculiarities of the use of each of the economic management systems in relation to the innovative development of the enterprise will enable the optimization of managerial decision-making in the process of forming and implementing strategic and operational plans of the enterprise.

Does COVID-19 drive the US corporate-government bonds yield correlations? Local and global reporting

This paper investigates whether the COVID-19 cases and death rates affect the dynamic correlation of corporate-government bond yields. Therefore, this study uses the daily corporate bond data with different ratings of bonds along with the COVID-19 data at both the US and global levels. Using the quantile regression approach, it produces the following results. First, the impact of daily cases differs from that of death rates both locally and globally. Second, the impact of local cases and death cases on the government-AAA yields correlation at a given quantile tends to reverse when the BBB bonds are used in the analysis. Third, global death rates significantly affect the correlation series the most at the higher quantiles. Lastly, AAA-rated bonds show higher sensitivity to COVID-19 cases and death rates than BBB-rated bonds. This finding indicates that relatively high-quality bonds are more susceptible to the pandemic period and thus calls for careful evaluation of assets included in investors’ portfolios. This study assumes that local COVID-19 data provide a better implication for constructing bond portfolios than global data. That is, their economic impact depends on the rating of the bond and tends to vary more across correlation quantiles.