Performance Of Business Entities Research Articles

KINERJA KOPERASI UNIT DESA (KUD) MINA DERMAGA KECAMATAN KALIANDA KABUPATEN LAMPUNG SELATAN BERDASARKAN PENDEKATAN TRIPARTITE

The purpose of this research is to analyze cooperative’s performance as a business entity, performance related to development, performance towards the interests of cooperative members, as well as economic and non-economic benefits received by members. This research was conducted at KUD Mina Dermaga using a case study method, the location was selected purposively with the consideration that the cooperative has not yet been ranked by researchers or local agencies. Responses stating that 30 people members. This research uses descriptive quantitative data analysis, customer satisfaction index analysis, and importance performance analysis. The results of this study indicate that the performance of business entities and performance related to the development of KUD Mina Dermaga are included in the qualified category. The performance of KUD Mina Dermaga in the interests of its members is of sufficient quality category. The economic benefits received by members are the difference in the cost of buying and selling services . The total annual average economic benefits received by KUD Mina Dermaga members are IDR 508,358.26. The non-economic benefits members on service performance and meeting the needs of members are in the high category (satisfied).Keyword : KUD, member satisfaction, performance

Financial risks of the stock market: opportunities and specifics of their insurance

The Ukrainian stock market is rated as an emerging market, which is characterized by high profitability and higher risk level as compared to developed economies. Securities transactions on the Ukrainian stock market are accompanied by stable uncertainties. Moreover, insurance is the most effective way to reduce financial risks and their negative effects. Given the current economic and political instability, financial risk insurance can ensure the economic performance of business entities and stimulate their further economic development. Financial risk insurance is the liability insurance in its nature, but its terms are often included in property insurance. This insurance sector has considerable facilities, which require activation of new insurance products that will be able to protect individual and institutional investors. Insurance and stock markets are direct competitors for limited investor resources, including strategic sources such as temporarily free institutional investor funds and household savings. In general, although there is a significant interaction between the insurance and other financial markets in Ukraine, it is hardly realized at all, unlike foreign economies, where it is used to its maximum. With the development of the insurance culture of the population and insurance in general, the relevance of insurance services in a high-risk segment like the stock market increases. The article harmonizes types of financial risks arising on the stock market with the methods of their leveling (insurance, hedging, diversification, etc.), determines the risk factors of the investor in the stock market, and specifies the professional risks of financial institutions. For the Ukrainian stock market participants, the use of two types of insurance coverage, namely, Bankers Blanket Bond and Financial Institution Professional Indemnity, is proposed.

Methodological bases for the elaboration of cognitive models forming the mechanism and the rational dimension of the instruments of state regulation of the development of the horticulture and viticulture industries

The article presents the relevance of conducting research in the fi eld of scientifi c and methodological substantiation of the rational dimensionality of multifunctional target regulators suffi cient to organize expanded reproduction in such capital-intensive industries as horticulture and viticulture. The current trends in the development of horticulture and viticulture industries are analyzed, and the factors hindering the development of industry sectors of the economy are identifi ed. The necessity of improvement the mechanism and tools for regulating the processes of development of industrial fruit growing and viticulture and substantiation the rational dimensionality of regulators, which ensure the necessary pace of development of industry sectors of the agricultural economy, is proved. A defi nition of the cognitive map of the formation of the mechanism and tools of state regulation of the development of the agricultural economy subcomplexes is given according to the criteria of effi ciency and sustainability, which also takes into account specifi c indicative parameters of their development. This map will reveal the functional relationships between the eff ectiveness of government support measures and the performance of business entities. The methodological basis for the elaboration of cognitive models for the formation of the mechanism and tools of state regulation of the development of industrial sectors of the agricultural economy is worked out. An algorithm for cognitive modeling of the mechanism and rational dimension of development management tools is proposed, including clarifi cation of goal setting and local tasks; evaluation of the adequacy of instruments of state regulation of reproduction processes; development of a cognitive map of the formation of the mechanism and instruments of state regulation; development of a system of criteria and performance indicators of state regulators of reproductive processes and agro-industrial complexes; cognitive modeling of the rational dimension of government regulation tools based on digital technologies and automated system-cognitive analysis methods. The use of cognitive models for the formation of a rational dimension of state regulation tools will provide a fl exible response to all changes in the external and internal environment in accordance with the goals and take into account the territorial specifi cs of industry production.

Evaluation of the business environment quality through the perception of business as part of the ongoing reform of the state supervisory oversight reform

Purpose: the current research aims to study the influence of the subjective perception of control and supervisory activities by regional business on the business environment quality as part of the ongoing state control and supervisory activities reform. The article has solved the following tasks: key factors determining the quality of the business environment and the perception by entrepreneurs of the state economic policy have determined; entrepreneurs' perception of the state activity in reforming state control (supervision) in the Tver region has assessed; main problems arising during the implementation of state control (supervision) measures have identified ); ways have proposed t for their elimination.Methods: study based on systematization and analysis of the results of sociological polls to assess the impact of state and municipal control (supervision) on business, which conducted in Tver region for three years (from 2016 to 2018) and covered more than three hundred heads of small, medium and large enterprises of all municipalities of the region. Content analysis of the regulatory framework and economic and statistical evaluation of the results of sociological surveys carried out; tabular and graphical data visualization methods applied.Results: despite the implementation of the reform and the reduction in the number of inspections in Tver region, an analysis of the results of a survey of entrepreneurs indicates a contradictory situation in the administrative conditions of the business environment. There is no reduction in the administrative burden on business in the subjective perception of entrepreneurs. At the same time, the firm orientation of inspectors for the collection of fines and the fiscal orientation of inspections remains.Conclusions and Relevance: conceptual approach to the implementation of the ongoing reform of state control and supervision activities involves the identification and elimination of administrative barriers with the active participation of the business community. Entrepreneurs do not feel the reduction of administrative burden on business according to their subjective perception. The perception of control and supervisory measures by business representatives determines the quality of the business environment, which has a significant impact on the motivation and performance of business entities. There is no change in the fundamental model for the implementation of state control and supervisory activities according to the business community.

The Impact of Audit Committees on the Performance of Business Entities

The Impact of Audit Committees on the Performance of Business Entities

Intellectual capital development and protection assessment for institutions of higher education in Еastern Ukraine

Modern empirical research on intellectual capital (IC) is related to the establishment of the mutual influence between its components, as well as its impact on the performance of business entities. The purpose of the article is to compare the intellectual capital components and the interpretation of their dynamic influence on the IC development level of the institution of higher education (IHE) in the conditions of reduction of one of the IC components or a sharp drop in the volume of services rendered. Methodology. The development and protection investigation of the IC components provided a factor analysis (the main component method) of the key indicators of the IHE activity. Based on the normalized values of the input indicators and their weights, the integral index of development and protection for the IC components for a certain IHE was calculated based on the results of the factor load research. With the input parameters normalization, some of them could be zero, so in order to prevent the zero values of the integral index of development and protection of the individual component and the IC as a whole, normalized additive convolution was used for their calculations. To interpret their meanings, a scale was developed for assessing the different levels of the IC development and protection in the range from [-1 to 1]. Results. Under evacuation conditions, with a significant reduction in activity and a drop in productivity, the actual state of client capital development and protection depended on the ability of the university to recover or not to lose students. The level of human capital protection was determined by the ability to increase its level quickly at the expense of external resources, and the level of innovative capital protection – with the ability to restore or maintain the indicators of innovation and scientific activity. The values of integral indicators of development and protection as for the IC components fluctuated within [-0.9, 1] and correspond to real tendencies in the activity of the IHE after their forced territorial movement. But among the IHEs there was simultaneously the same (either positive or negative) dynamics of integral indicators of human and innovative capital. A similar pattern is confirmed by studies in the activities of industrial companies and financial institutions. Practical implications. The proposed method for determining the IC development and protection level is universal and may take into account different indicator combinations depending on the management objectives of the IHE. In addition, due to the problem factors normalization including in the analysis of indicators with different units of measurement does not occur. As well as the use of relative indicators, it is possible to match their meaning for different scale of institutions activity. Value / originality. The method involves conducting a non-financial analysis of the IC components, and also is not based on subjective values of the indicators, which is typical for expert methods with a score scale.

IT as a part of intellectual capital and its impact on the performance of business entities

The relevant literature generally views intellectual capital as comprising three components – human, relational and structural capital. These components are identified and classified by their sub–components, meaning that human, relational and structural capital cannot be observed separately. Whereas human capital is most often treated for its frequent identification with intellectual capital and less often with relational capital, this paper we discuss structural capital and, in particular, as one of the sub–components that refers to information technology (IT). The relevant literature views an IT sub– component as an integral part of almost any classification of structural capital. IT items are intertwined with and are complementary to specific human and relational capital items, and it is common to observe them under the same light. However, because of its presumed importance and influence on other forms of intellectual capital and financial performance, this paper will derive IT from structural capital and treat it as a component that supports the other ones. We still assume that intellectual capital is a logical entity consisting of the three mentioned components, but our intention is also to highlight and prove the importance of IT. Our assumptions were tested in a model under several hypotheses, and most of them were supported. The model is derived from a study conducted on a random sample of Croatian businesses, by applying PLS–SEM and importance–performance analysis.

The Analysis of Profitabilty Indicators in Serbian Food Industry During Economic Crisis

Information on the financial position and performance of business entities that are presented in their financial statements, have always had great importance for the users (both internal and for external), since they are the basis for making decisions about allocation of resources.One of the most important information is the level of profitability of the company in terms of (ROA) and return on equity (ROE). ROE shows how effectively a company's management uses investors’ capital while ROA shows how profitable a company's assets are in generating revenue. The aim of this paper was to present financial performances of 5 top companies in Serbian food industry, especially in meat industry (MI) in terms of profitability measured by ROA and ROE. Methodology used in this paper included financial Du Pont method and correlation using SPSS program, version 17.0. Based on Du Pont analysis authors presented changes in ROA and ROE indicators during three years of economic crisis, from 2008 until 2010. Also, correlation between ROE and ROA explained relationship between these two indicators, where ROE is found as a function of ROA.

ПРО СУТНІСТЬ І ОСНОВИ ЕКОНОМІЧНОЇ БЕЗПЕКИ РОЗВИТКУ РЕГІОНІВ В УМОВАХ ГЛОБАЛІЗАЦІЇ

The article on the example of the Donetsk region conducted a study of economic security at the regional level, the relationship and interdependence between the levels of economic security (state, region, economic entities), proved the need to develop and implement strategies to ensure the economic security of the region. Results of the study show that the level of economic security at the regional level depends on government policy and performance of business entities. Economic development of the regions in the security context of globalization, improvement in the economic sphere Donetsk region is hampered by lack of domestic strategic investor and effective owner, who would be able to invest, to ensure competitive production, is able to settle with the budget. Effective government strategy carried out in the interests of the development of civil society in Ukraine, will strengthen the position of individual rights and freedoms are the supreme value. Recognition, respect and protection of the rights and freedoms of citizen is the duty of the state. This strategy will increase the legal awareness of citizens of Ukraine, because without a sufficiently high level of legal consciousness both leaders of state structures and all citizens, to achieve the respective goals of economic growth and welfare of the citizens of Ukraine in today's globalized world is impossible

Analyzing the Transactions Between Economic Actors with the Tools of Corporate Performance Management

In this paper, the model used by financial analysts to describe, explain and forecast the economic performance of business entities is used to represent the economic and financial effects of the transactions conducted between the main actors of a national economy: households, government, business firms, commercial banks, central bank and the rest of the world. A sources and uses of funds statement and an income statement are assembled for each one of these actors, in such a way that for each element pertaining to one of these statements there is a counterpart in a statement of another actor. For executives familiar with the use of financial statements in the management of corporate performance, this is a convenient way to understand the relationships underlying the functioning of a national economy.

Towards Transparency in Anglo-Saxon Financial Reporting

Recent financial scandals, notably Enron and WorldCom, have demonstrated the considerable defects in the regulation and practice of financial reporting. Financial reporting statements are scorecards of the economic performance of business entities. These statements are designed to “provide information about the financial position, performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions.” IASC (2000). The quality of accounting statements underpins the operation of capital markets and efficient capital markets are vital to the smooth operation of market economies. However there is an extensive literature, Griffiths (1986), Smith (1992) and Piper (1993) documenting numerous instances of the failure of accounting statements as accurate and reliable sources of information about the performance of business entities.