International Journal of Innovative Technologies in Economy

USE OF INVESTMENT STRATEGIES OF RISK MANAGEMENT OF AGRICULTURAL PRODUCTS ON THE STOCK EXCHANGE MARKET

Yarmoliuk A. V. — 2021-01-20

Modern fulfillment of foreign debt obligations and successful foreign trade policy should become decisive factors in raising Ukraine's rating to the investment level and developing interest in our country as an object of investment of foreign and domestic investors.

NEW ECONOMIC CONCEPTS SHAPING BUSINESS MODELS IN POST-PANDEMIC ERA

Iza Gigauri — 2021-02-10

Low-Touch Economy is emerging due to the COVID-19 pandemic that has caused dramatic changes in all aspects of society including the way business is operating. The lockdown policies aiming at avoiding the spread of the new coronavirus in almost every country led to disruptions in business continuity.
The aim of this paper is to overview a new concept of Low-Touch Economy and its possible implications on Business Models in connection with the Digital Economy. The article also outlines the concept in light of the circular and sharing economic theories. The exploratory research approach allows reviewing the current literature and gathering secondary data about Low-Touch Economy and its implications on business dealings. The Bibliographic research of recent works shows the role of the Low-Touch Economy and Digital Economy in searching for new business models and their potential to accelerate economic recovery after the pandemic.
The article concludes by suggesting that organizations should adapt their business models to the new reality. It contributes to a current ongoing discussion on ways out of the crisis. This article fulfills an identified need to study how Low-Touch Economy along with Digital Economy can help the business to continue operations during the pandemic and how the concepts underpinning business models can enable fast economic recovery. Future empirical research will reveal the capability of the Low Touch Economy in different industries as well as various countries around the globe.

CURRENT STATE AND PROSPECTS OF CONSTRUCTION INDUSTRY DEVELOPMENT IN UKRAINE

Liudmila Kalinichenko — 2021-02-12

The article deals with the current state of the construction industry for the period 2018-2020, and its significance for the economy of Ukraine is determined. The general trends of construction development in the modern transformational economic environment have been revealed here. The contribution and share of construction in the total GDP of the country are studied. The volumes of the construction production are analyzed, and after a deep review of indicators and rates dealing with construction products output, it is determined that the construction industry is developing steadily. The role of the state in creating a conducive investment climate in Ukraine is determined, and capital investments in construction are analyzed, and their share in the total capital is allocated. The sales volumes of building materials, the number of construction companies, and the population engaged in the construction sector are analyzed. The authors noted the necessity of normative regulation of construction activity, development, and implementation of state programs on development and support of the construction industry. The main problems of construction companies that have arisen after the introduction of a quarantine regime caused by the COVID-19 pandemic have received much attention. It is noted that it is possible to minimize the negative factors influencing the activities of construction industry companies through strategic management and support of this industry by the state.

IMPROVEMENT OF ANALYTICAL PROCEDURES FOR COMPLETENESS AND TIMELINESS OF FORMATION OF RESERVES AT AGRICULTURAL ENTERPRISES

Trokhymenko Iryna — 2021-02-14

The article is devoted to the substantiation of scientific and theoretical provisions and recommendations for the improvement of accounting and analytical procedures for the formation of reserves at an agricultural enterprise to ensure the reliability of determining the financial results of their activities. The methodological approach to the formation of reserves in the traditional models of accounting in agricultural enterprises is analyzed. Generalized concepts of formation and use of reserves in national regulations (standards) of accounting and international standards of financial reporting. The conceptual direction in accounting provides economic information on costs, which is used in management functions, namely in planning, analysis, control, regulation, incentives, justification of decisions on strategic development and financial and economic security. Documentary provision of the reserve of vacations and the reserve of doubtful debts, the use of which is a priority of effective stable activity and management of the enterprise, is offered. The prepayment document is an alternative primary document for the correct calculation and generalization of the amount of the reserve at the agricultural enterprise.

GRAY ECONOMY AND CORRUPTION ASPECTS AS A THREAT TO THE NATIONAL ECONOMIC SECURITY SYSTEM

Hnatenko Valeriy — 2021-02-22

There is an urgent need for a comprehensive study and analysis of negative processes of deepening the level of second relations in the economy. The ghost economy is the result of the functioning and increasing signs of a systemic crisis in the economy, which arises due to the discrepancy and inadequacy of the methods used to implement market transformations. The spread of the gray economy occurred on the basis of the destruction of existing distribution relations and the construction of new ones, which significantly violated the established balance of economic entities interests, the parity of its separate spheres development, and the motivation for effective management. Another meaningful aspect is that the gray sector of the economy in any country really exists; it quickly reacts to changes in the implementation of the state economic life. That is why it is extremely important when studying the problem of increasing the scale of the gray economy is the prompt and rapid accumulation of information dealing with changes in its basic indicators. Hiding of tax revenues is a crime, and tax minimization, that is, an attempt to reduce their amount, is completely legal and provides the work of a large number of specialists in the field of tax law and accounting. But on the other hand, for economic entities operating in Ukraine, the critical threat is not the fiscal capability, but the uncertainty in the legislation and the political and economic life of the country.

KEY ASPECTS OF USING NUMERICAL METHODS IN THE MECHANISM OF INVESTMENT OF SMALL AND MEDIUM-SIZED BUSINESS ENTERPRISES

Hamaili Akram — 2021-02-24

In today's realities of investment activities, small and medium enterprises are faced with the dilemma of choosing areas of investment of monetary and non-monetary resources. Determining the feasibility of a particular investment is based on the use of appropriate mathematical apparatus and economic-mathematical models. The article considers some of the most important aspects of the use of numerical methods in the mechanism of investment of small and medium enterprises, developed on the basis of research on the development of such economic entities. The logical basis of the proposed methods is a proven division of the term of operation of enterprises into several stages of the life cycle, which differ significantly in the characteristics of incoming and outgoing cash flows. It is proposed to determine the absolute expediency of founding small and medium enterprises by calculating the probabilistic values of profitability of the enterprise based on the calculation of the area of geometric shapes limited by the functions of income and expenses during all stages of the life cycle. It is proved that such calculations are expedient by calculating the indefinite integral and applying the Newton-Leibniz formula.
With regard to the functions that characterize the income and expenses of small and medium enterprises throughout their existence, the article proves that the most optimal in this case is the use of production functions. Among the whole set of existing production functions, we have identified the most optimal for the task Cobb-Douglas production function, CES production function, Linear production function, Leontief production function, adapted to the conditions of the microlevel. To calculate the elementary areas limited by the corresponding production functions, the article examines the relevant existing methods. Studies have been conducted on the possibility of using to calculate the areas limited by the production functions of income and expenses of small and medium enterprises during each stage of the life cycle, the methods of rectangles, trapezoids and parabolas. It is determined that they have limited conditions for use due to the need to divide the time period of operation of enterprises at intervals that do not coincide with the stages of the life cycle. Therefore, studies were continued, as a result of which it was proved that the most optimal method of calculating the elementary areas limited by the target functions of income and expenditure of small and medium enterprises is the Gaussian method with different variations.

PUBLIC PROCUREMENT AS A TOOL TO STIMULATE INNOVATION IN UZBEKISTAN ON THE EXAMPLE OF THE EXPERIENCE OF CHINA

Mardanova Rano Isakovna — 2021-03-05

The state of public procurement as a tool for stimulating innovation is analyzed both in developed countries and in Uzbekistan. It is proposed to conclude that at different stages of placing and executing a government order, there are many risks, especially in countries where there is still a centralized procurement organization. It is necessary to use special methods of placing a state order and establish high qualification requirements both for the customer's personnel and for the specialists involved.

BIOECONOMY AND BIOECONOMICS: ARE THEY THE SAME THING?

Elena Tilica — 2021-03-11

Numerous studies in academic literature study bioeconomy as part of the worldwide desire to find new or more sustainable ways to obtain economic and cultural growth. They view it as a new economic sector used to invent, promote and develop processes compatible with a durable environment. Bioeconomics has had a constant development in scientific literature in the last two centuries. It was created to link to powerful sciences: biology and economics, in an endeavor to broaden the existing theories in both disciplines or create new ones. The connection was created two-fold: using economic concepts and models to analyze biological phenomena or using a biological perspective to study economic behavior. This paper endeavors to present a brief overview of the different approaches found in literature concerning the concepts of “bioeconomy” and "bioeconomics", their similarities, differences and areas or overlap.

ENVIRONMENTAL-ORIENTED MODEL OF INTEGRATED MANAGEMENT

Bakulich Olena — 2021-03-12

The article proposes an ecologically oriented model of integrated management of Ukrainian enterprises based on coimplex integration of environmental aspects into their management system at all stages of the life cycle, which will increase the competitiveness of enterprises and become the basis for their successful transition to sustainable development in the medium term. To restore and increase the life-sustaining conditions of nature on the basis of adequate compensation for damage to ecosystems, the main provisions of the concept of balanced interaction of companies with the environment have been developed. The concept implies adequate compensation for damage to nature by determining the rational relationship between levels of production and resources consumed. Based on the concept, an ecologically oriented model of integrated corporate governance has been created, the main difference from the existing international ISO standards and their analogues is the integration of environmental aspects into the organization's management system, which allows to take into account the environmental component at all stages of the life cycle. The introduction of an environmentally oriented model of integrated management in the company will ensure effective environmental transformation of the management system, which will serve as a basis for improving the environmental acceptability of their activities.

MAIN FEATURES OF FINANCIAL LEASING USING INTERNATIONAL EXPERIENCE

Gunel Safarova — 2021-03-15

The article discusses the features of the development of leasing, taking into account international experience. Based on the experience of the American and Western European leasing market, analysis of the operating activities of foreign leasing companies, the theoretical foundations of investment financing from external financial sources using the international leasing mechanism are presented. The article reveals the features of the investment financing mechanism based on the international leasing scheme, taking into account the acceptability of financing conditions, both for the enterprise-lessee and for the company-lessor. Attention is drawn to the possibility of external financing of such a leasing transaction with the involvement of investors and the issue of bonds on the open securities market. Leasing will allow not only to update the fixed assets of a number of leading industries, but also to solve the problem of financing this process at the same time. International experience of leasing application plays an important role in this. Without requiring large one-time expenses of their own funds from enterprises, leasing at the same time guarantees the purposeful development of financial resources, which ultimately will allow attracting into the industry the opportunities of the Russian capital market that have not been fully utilized so far, as well as funds from foreign investors.