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1
Singh, R. P. "Corporate Governance: A Futuristic Model." Vision: The Journal of Business Perspective 2, no. 2 (July 1998): 29–33. http://dx.doi.org/10.1177/09722629x98002002006.
Повний текст джерелаАнотація:
The role of public sector undertakings, after India attained independence, as envisaged by political leaders and industrialists in a “mixed economy” was that of providing infrastructure facilities like power, telecom, roads, basic industries, etc. and thereby contribute towards the economic development of the country. The private sector, on the other hand, was to cater to the demand created by the rapid pace of industrialisation. However, liberalisation has led to the Indian economy integrating itself with the world economies, and corporates have to change their mind set. The compulsion for survival in such a scenario has led the Indian corporates to refocus their attention on Corporate Governance. In the case of public sector the issues of corporate governance relate to empowered internal governance, narrowing down multiple accountabilities and restructuring the system of checks and balances. It is in this context that the role and constitution of the Board assumes significance. Boards must be able to function independently and must comprise professionals who have a pragmatic approach. For effective corporate governance it is necessary to institutionalise ethics in the organisation culture.
2
Walder, Andrew G. "From Control to Ownership: China's Managerial Revolution." Management and Organization Review 7, no. 1 (March 2011): 19–38. http://dx.doi.org/10.1111/j.1740-8784.2009.00171.x.
Повний текст джерелаАнотація:
Over the past decade, the ownership and control of China's corporate sector has finally begun to depart fundamentally from patterns typical in the socialist past. Students of corporate governance have watched these changes with an intense curiosity about their impact on firm performance. Students of comparative economic institutions have examined them for hints of a new variety of Asian capitalism and have sought to anticipate China's international competitiveness and impact. But these changes potentially will create a new corporate elite with greater compensation, personal wealth, and independence from government agencies than ever before. This transformation of China's political economy may eventually alter the Chinese state itself, although the extent and nature of this change are still far from clear. The key questions of interest are the social origins of the new elite, the scale of the economic assets they control, and especially their continuing relationships with party and government agencies. The answers will vary decisively by sector, four of which are described here: a state-owned sector, a privatized sector, a transactional sector, and an entrepreneurial sector. The evolving mix of these sectors will determine the future contours of the Chinese corporate economy.
3
Kneller, Richard, Rebecca Riley, and Garry Young. "The UK economy." National Institute Economic Review 166 (October 1998): 8–27. http://dx.doi.org/10.1177/002795019816600104.
Повний текст джерелаАнотація:
There has been a very sharp deterioration in confidence about the economic situation in the UK over the past three months. This has been highlighted in a range of business and consumer surveys. It is also evident in profit warnings from the corporate sector, falling asset prices, high profile job losses, downward revisions in economic forecasts and an easing of monetary policy. This pessimism is not now confined to the manufacturing sector as appeared to be the case in the earlier part of the year, but seems to pervade all sectors of the economy.
4
Iregui-Bohórquez, A. M., L. A. Melo-Becerra, and A. J. Orozco-Gallo. "Corporate Taxes and Firms’ Performance: Evidence from an Emerging Economy." Revista de Economía del Rosario 25, no. 1 (April 20, 2022): 1–44. http://dx.doi.org/10.12804/revistas.urosario.edu.co/economia/a.11397.
Повний текст джерелаАнотація:
Corporate taxes play an important role in a firm’s decision-making as they are part of the cost of capital. Thus, understanding the effect of taxes on the performance of firms in the context of frequent tax reforms, as is the case of Colombia, is of great relevance. We used the meta-frontier stochastic techniques, which allow us to estimate in two steps the technical efficiency of firms within each economic sector and between economic sectors in relation to the set of firms in the country. Then, using quantile regression analysis, we estimate both the effect of corporate taxation on firm performance as well as the effect of efficiency on firms’ tax payments. Results indicate that firms in some economic sectors could be benefiting from better production conditions, and that the most efficient firms within each sector paid more taxes as a share of assets. However, when compared to the meta-frontier, firms with higher efficiency paid less taxes, suggesting differences in the firms’ tax burden across economic sectors.
5
Amalia, Fitri. "Determination of the Regional Economy Leading Sectors in Indonesia." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 15, no. 1 (June 1, 2014): 19. http://dx.doi.org/10.23917/jep.v15i1.117.
Повний текст джерелаАнотація:
Economic growth and its process are the main condition for the sustainability of the regional economic development. Because of the continuing population growth means economic needs also increase so that additional revenue required each year. This can be obtained by the increase in aggregate output (goods and services) or the Gross Regional Domestic Product (GRDP) each year. To carry out development with limited resources as a consequence should be focused to develop the sectors that provide great multiplier effect on other sectors or the whole economy. This research is focused to determine the regional leading sector of Bone Bolango as the information and considerations in planning economic development. Location Quotient (LQ) and Shift Share are tools of analysis. Location Quotient analysis indicates agriculture, manufacture, finance, leasing and corporate services are base sectors in the Bone Bolango district. Shift Share analysis indicates that the competitive sectors are finance, leasing and corporate services. The results of the analysis based on three analysis tools indicate that the leading sector with the criteria developed, base, and competitive is finance and services sector.
6
Kurchenkov, V. V., and O. S. Makarenko. "Advantages of the corporate model of the state sector of the economy of Russia." Strategic decisions and risk management, no. 2 (July 15, 2018): 10–15. http://dx.doi.org/10.17747/2078-8886-2018-2-10-15.
Повний текст джерелаАнотація:
At present, the share of the public sector in the Russian economy plays a significant role. The state sector is actively used as a means of regulation to achieve many state social and economic goals, including provision of the stable development of important strategic sectors. The article reveals the features of the formation and development of the corporate model of the public sector of the Russian economy, related, including the creation and functioning of the institution of state corporations. Special features of the formation of the corporate model of the public sector of the Russian economy are identified, by defining its features, principles, advantages and disadvantages of use, including the achievement of the integration effect in the process of interaction of its economic entities. The results could be used in the activities of state structures in the implementation of state policy for the development of the public sector, solving problems of accounting for its boundaries and scales, and in developing and improving strategies for the development of state corporations, and improving the efficiency of their activities.
7
Dube, Indrajit, Dipa Dube, and Pulak Mishra. "Corporate Governance Norm for SME." Journal of Public Administration and Governance 1, no. 2 (July 30, 2011): 77. http://dx.doi.org/10.5296/jpag.v1i2.889.
Повний текст джерелаАнотація:
The last few decades have witnessed several changes in the world economic system: consolidating trend of globalization and liberalization of economies; crumbling barriers to international trade and free movement of capital due to the establishment of World Trade Organization (WTO) and shifts towards market economy in contrast to the control economy or socialist economy. It was believed that market economy will be the ‘mantra’ for all nations, either developing or under developed, to achieve economic salvation. Destiny smiled and brought the belief to its knee and rethinking process started afresh as to what ought to be the new ‘mantra’. Economic downtown indicated further that it is not the big companies, which are only efficient machineries to rotate the economic circle; rather SME’s are the most trusted vehicles that will lead any economy towards salvation.Literature across the globe suggests adoption of sustainable Corporate Governance Norms within the SME sector. On the contrary, there are strong arguments also available against introduction of such norms. In the present study we have considered the feasibility of introduction of corporate governance norms in the sector and attempted to develop, on the basis of the findings, sound and practicable solutions.
8
Slyvka, Tetiana. "Genesis of corporations in the liberal model of market economy." Ìstorìâ narodnogo gospodarstva ta ekonomìčnoï dumki Ukraïni 2021, no. 54 (December 1, 2021): 75–92. http://dx.doi.org/10.15407/ingedu2021.54.075.
Повний текст джерелаАнотація:
The article is concerned with studying of the history of corporations and the evolution of scientific and theoretical justification of the activities in corporate sector, the effective corporations’ structure and their importance for society and economy. The author emphasizes the importance of corporations in the economy in the context of interaction between state and market. The purpose of the article is to study the evolution of theoretical approaches to determining the place of the corporate sector in the liberal model of market economy. The methods of comparative studies and the problem-personified approach to the study of the history of economic ideas are used. Based on the historical and economic generalization of corporate sector’s activities in the twentieth century, the main stages of evolution of the importance of corporations in the economy are determined. The results of the study give a description of the main stages of formation of corporations during which their role in the economy evolved in response to changes in the economic environment. The dual nature of the influence of corporations on economy and society in a free market is determined, which consists in ensuring economic growth and accelerating technological progress as opposed to the negative effects of monopoly. It is established that the need to minimize the impact of destructive factors and strengthen the driving factors of the corporate sector contributed to changes in the relationship between state and market with the strengthening of state regulation of the economy. The results of research are important for understanding the need to create such conditions for the functioning of the corporate sector, which would ensure the most efficient use of corporate opportunities for society.
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Хасанов and Ilgizar Khasanov. "MEDIUM AND SMALL ENTERPRISES OF AGRICULTURE, FORESTRY, FISHERY AND HUNTING SECTORS OF REGIONAL ECONOMY OF THE REPUBLIC OF TATARSTAN." Vestnik of Kazan State Agrarian University 10, no. 3 (September 15, 2015): 52–55. http://dx.doi.org/10.12737/14754.
Повний текст джерелаАнотація:
The sector of agriculture, forestry, fishery and hunting takes a significant share of the regional economy of the Republic of Tatarstan and the Russian national economy. The status of agriculture, forestry, fishery and hunting sectors of the regional economy is satisfactory. Nowadays, in conditions of economic sanctions against Russia, the government and corporate financial support of agriculture, forestry, fishery and hunting sectors of the regional economy of the country should be strengthened.
10
Shah, Priyanka. "SERVICE SECTOR: MYRIAD FACADES." International Journal of Advanced Research 8, no. 9 (September 30, 2020): 806–10. http://dx.doi.org/10.21474/ijar01/11725.
Повний текст джерелаАнотація:
In this paper, we discuss the Services Sector of the economy, can be broadly grouped into three broad segments namely, the public sector, private corporate sector and the household sector. The first two are generally referred to as the organized part of the economy, as the accounts of all the business transactions of these sectors are recorded in specified documents and are made available as public documents at regular intervals. The remaining part of the economy, that is the household or unorganized sector, constitutes all unincorporated enterprises including all kinds of proprietorship and partnerships run by the individuals.
11
Meenakshi and Ramesh Chander. "Corporate Defaults and Banks Sustainability: An Empirical perspective of an Emerging Economy." Think India 22, no. 3 (September 26, 2019): 714–37. http://dx.doi.org/10.26643/think-india.v22i3.8391.
Повний текст джерелаАнотація:
In recent times, Indian corporate sector is experiencing financial distress for varied reasons. It is more so in case of the enterprises which are engaged in infrastructure sector particularly power, Telecommunication, Real Estate & Construction, Steel & Cement sectors, Engineering, Textiles and Pharmacy sectors. This stress is primarily contributed by the over exuberance in managerial decision making, policy paralysis, demand erosion, funds diversion and liberal credit allocation by the bankers defying the financial prudence of bank lending.
12
Kvasničková Stanislavská, Lucie, K. Margarisová, and K. Šťastná. "Corporate Social Responsibility in banking sector." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 60, no. 2 (2012): 157–64. http://dx.doi.org/10.11118/actaun201260020157.
Повний текст джерелаАнотація:
After popularity increase of the concept of Corporate Social Responsibility over last century in the USA, with the 21st century the concept comes into the European Union as well, actually into Czech Republic. For the European Union, the concept of social responsibility becomes one of the tool for achieving the most competitive and dynamic knowledge-based economy (Lisbon Strategy, 2000). With the start of the financial and economic crisis, the European Commission sees in the Corporate Social Responsibility a way how to cope with the crisis. Also scientific studies (Ghoul, 2011; Gruz, 2009) indicate the positive influence of Corporate Social Responsibility on financial performance of the company. In the Czech Republic, the implementation of the concept is especially for multinational corporations. For example, Corporate Social Responsibility is very popular in financial sector, which the financial crisis did not damage so perceptible as in other countries of developed economies (Singer, 2009). This article defines on a theoretical level the concept of Corporate Social Responsibility, its development, its present form and the influence on financial performance of the company. Another part of the article focuses on three czech banking subjects (Česká spořitelna, Komerční banka a Československá obchodní banka), which regularly take the leading positions of the official corporate donors chart „TOP Filantrop“. The article explores the evolution of corporate donations and finds the connection between corporate donations and corporate profit and financial and economic crisis.
13
Fulghieri, Paolo, and Matti Suominen. "Corporate Governance, Finance, and the Real Sector." Journal of Financial and Quantitative Analysis 47, no. 6 (November 2, 2012): 1187–214. http://dx.doi.org/10.1017/s0022109012000531.
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AbstractWe present a theory of the linkages between corporate governance, corporate finance, and the real sector of an economy. Using a structural model of industry equilibrium with endogenous entry, we show that poor corporate governance leads to low levels of competition, and to firms with high insider ownership and leverage. In contrast, good corporate governance promotes the adoption of more efficient technologies and development of sectors more exposed to moral hazard. We use our model to study equity market liberalization, and we show that liberalizations facilitate entry and adoption of more productive technologies, especially in countries with good corporate governance.
14
Paranjape, Avinash. "Economic Slowdown and the Indian Corporate Sector." Vikalpa: The Journal for Decision Makers 34, no. 3 (July 2009): 53–58. http://dx.doi.org/10.1177/0256090920090307.
Повний текст джерелаАнотація:
In the face of the complexities created by the turbulence, volatility, and uncertainty in the global economy, the Indian corporate sector finds itself in a state of flux. Avinash Paranjape sees the impact of the global crisis on the Indian industry as a contagion effect, being in the form of a slowdown. From the study emerge four distinct patterns of the effect of the slowdown on Indian firms. While the firms exposed to foreign currency have become victims of volatility, those in the IT-related services faced export blues. The firms in the financial and real estate sectors experienced the burst bubble syndrome, whereas the acquirers faced multiple financial issues. Despite the prevalence of pockets of weakness, in general, the author finds the Indian banks, financial institutions, and the corporate sector as strong and less exposed to the vagaries of the global recession
15
SHUBRAVSKA, Olena. "AGRARIAN CORPORATE SECTOR: THEORETICAL FRAMEWORK." Economy of Ukraine 2019, no. 2 (February 16, 2019): 62–72. http://dx.doi.org/10.15407/economyukr.2019.02.062.
Повний текст джерелаАнотація:
The author considers the development of theoretical and methodological foundations for research of agrarian corporations and the corporatization process of the agrarian sector of Ukraine’s economy. It is found that the current domestic legislation does not contain a single and comprehensive definition of a corporation in general and an agrarian corporation in particular. Meanwhile, their existing definitions show some inconsistency in the interpretation of the definition of a “corporation” in various legislative acts. Formation of corporations is inseparable from the processes of concentration and integration. The main features of the institutional unit affiliation with the corporate sector are: the pooling of resources (capital and/or property), internal structuring and separation of property rights from the rights of management (control). The corporation is an economic system with certain social functions. The corporate segment in agriculture is formed of agricultural enterprises, their associations and cooperatives. At the same time, agrarian corporations should not formally include the state and private enterprises with a sole proprietor, as well as farms. The agrarian corporate system is not homogeneous either in composition or in the nature of regulation. It should be structured according to certain characteristics (for example, according to the size of land-use and/or livestock). Accordingly, the development trends of various segments, their impact on the dynamics of macroeconomic indicators and the effectiveness of the state regulation of the industry should be examined. Ukraine’s agrarian corporate sector demonstrates a generally positive development dynamics. It produces almost half of all agrarian output and more than half of plant-growing. Agricultural corporations make the main contribution to ensuring a positive balance of foreign trade in agricultural products. At the same time, corporations are responsible for distorting the structure of exports, namely for the prevalence of several groups of commodities in exports. Holding entities, whose activities are not legalized, dominate in the agrarian corporate sector.
16
Wasil, Mohammad, and Mohammad Wahed. "MAPPING OF POTENTIAL AND ECONOMIC GROWTH PATTERNS IN REDUCING THE INEQUALITY OF THE MOJOKERTO DISTRICT REGION." Jurnal Dinamika Ekonomi Pembangunan 1, no. 2 (July 28, 2018): 116–23. http://dx.doi.org/10.33005/jdep.v1i2.77.
Повний текст джерелаАнотація:
The purpose of this study is to analyze what economic sectors are potential to be used as development priorities and patterns of economic growth in the economy of Mojokerto Regency. The method used is: Location Quotient, Shift Share, and Williamson Index. From the analysis of the location quotient that falls into the category of the base sector are Agriculture, Clean Water & Water Sector, Building Sector, Transportation & Communication Sector, Financial Sector, Corporate Leasing & Services, and Services Sector. And the results of the shift share analysis show that the sectors with the fastest growth are the agricultural sector, mining & quarrying sector, manufacturing industry sector, and the trade sector, and the services sector. While the results from Williamson study show that the sub-districts that have the highest level of inequality are in Mojosari sub-district, Pungging subdistrict, and Kemlagi sub-district
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Carels, Candice, Warren Maroun, and Nirupa Padia. "Integrated reporting in the South African mining sector." Corporate Ownership and Control 11, no. 1 (2013): 947–61. http://dx.doi.org/10.22495/cocv11i1c11p6.
Повний текст джерелаАнотація:
A string of corporate scandals coupled with recent environmental disasters and persistent socio-economic problems has confirmed that traditional financial reporting models are flawed. What is needed is high quality integrated reports dealing with financial and non-financial metrics that communicate clearly the ability of organisations to create and sustain value in the short-, medium- and long-term. This is especially true in the South African mining sector, given its high social and environmental impact, as well as the significant contribution that the sector makes to the South African economy. Accordingly, this paper uses an interpretive text analysis to explore how recent corporate governance developments have impacted the level and extent of integration of environmental, social and ethical-related disclosures in the annual or integrated reports of a sample of mining companies in South Africa. In doing so, the paper contributes to the general body of corporate governance research that has largely neglected African markets and simultaneously offers one of the first formal accounts of the impact of the integrated reporting project on mining houses on the Continent’s largest economy.
18
Bobrovska, Olena, and Pavlo Frolov. "Development of the corporate sector of the economy: state and directions of development in public administration." Public administration aspects 8, no. 6 (December 30, 2020): 151–63. http://dx.doi.org/10.15421/1520114.
Повний текст джерелаАнотація:
The historical way of development of the corporate way of social activity as a practical need of socialization of human work and voluntary association of people for realization of joint economic affairs is considered. It is emphasized that theoretical research and well-founded legislative support for the development of corporate governance appeared later, although their directions continue to deepen. It is noted that corporatism has been actively used in foreign countries in recent years. It is noted that in modern Ukraine the corporatization of activity is concentrated in the public sector of the economy, mainly in public joint stock companies, although the efficiency of their activities does not meet expectations. It is emphasized that there is a need to strengthen state control over the development of the corporate sector of the state, increase accountability for compliance with legislation and find further ways to develop the corporate sector, which has proven its effectiveness in foreign countries. The research is aimed at finding new opportunities for the application of this method of management in the municipal sector of the economy - local communities. It is noted that the corporate organization of economic activity at the present stage is under the influence of transformational changes in society, when there is an integration of different forms of ownership. The characteristics of municipalities as natural corporations are given. The directions of legislative and normative support of formation and use of corporate way of management in the organizational and legal form - municipal corporations taking into account the form and components of communal property, and also features of corporate rights of inhabitants of territorial communities are substantiated. The tendencies and directions of development of the corporate way of managing in territorial communities are considered, the factors are defined and the measures which will promote development of the corporate sector of municipal economy and institutionalization of corporate management at this level are offered.
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Gasparyan, Vagram, and Armine Zakharyan. "Armenia’s economy: promoting innovation through public governance and corporate management." Russian Economic Journal, no. 2 (June 8, 2021): 58–76. http://dx.doi.org/10.33983/0130-9757-2021-2-58-76.
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First, the article describes the forms and methods of state governance of the innovative development of the Armenian economy. The results of the implementation of the state program for promoting innovation in the economy are described; one of them is the increasing role of the information technology (IT) sector. The problems of further development and improving the efficiency of the functioning of this sector are identified, the solution of which is associated with the improvement of various types of state socio-economic policy, including monetary, investment and educational policy.
20
Villa, Cesar, Edgar Merino, and Diana Vargas. "INCIDENCIA DEL SECTOR SOCIETARIO EN LA EMPLEABILIDAD DEL ECUADOR." Revista de Investigación Enlace Universitario 20, no. 1 (June 30, 2021): 83–93. http://dx.doi.org/10.33789/enlace.20.1.87.
Повний текст джерелаАнотація:
In December 2017, the unemployment rate reached 4.6% nationwide. Considering a social problem, it is necessary to go to research to reduce this significant percentage, without increasing public spending. The corporate sector defined as natural persons, legal entities and other associative forms that develop a productive activity, in any part of the national territory, with a total of 64,259 companies, according to the 2017 ranking of the Superintendency of Companies, is analyzed as a development alternative. In this space we will analyze employability as the ability to obtain or keep a job and develop the necessary skills to improve the productivity of companies; the study is: observational, retrospective, cross-sectional and descriptive. It is concluded that the Corporate Sector is a strategic ally in reducing unemployment, it contributes 14.50% of the economically active population; and, in generating taxes for the state through its capital, sales of goods or services that they produce and the results they obtain in an economic period; The incidence of 1,172,439 with Adequate Employment allows observing the contribution of the Corporate Sector to the economy of Ecuador in terms of employability; it makes the difference with the Public Sector that requires State resources to guarantee the provision of services.
21
Dvoretskaya, A. "Capital Market Resources as the Financial Source of Real Sector." Voprosy Ekonomiki, no. 11 (November 20, 2007): 92–103. http://dx.doi.org/10.32609/0042-8736-2007-11-92-103.
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The article considers capital market as a uniform institutional segment of national economy which provides funds for real sector. Special attention is paid to resources of stock market - shared and debt financial instruments. The analysis of national and global capital markets contribution to financing the corporate sector is presented. The paper outlines real competition between banking system and stock market according to capital recipients’ standpoint. The interaction mechanisms between banking and stock market sectors for effective economic growth are described.
22
Joshi, Mahesh, Jasvinder Sidhu, and Monika Kansal. "Corporate social disclosures in the knowledge-based sector in an emerging economy." Corporate Ownership and Control 10, no. 3 (2013): 237–49. http://dx.doi.org/10.22495/cocv10i3c2art1.
Повний текст джерелаАнотація:
The purpose of this paper is to examine corporate social responsibility (CSR) reporting by the BSE TECk Sector in the developing economy of India. Using content analysis, this study analyses the disclosures of corporate social responsibility elements by the BSE TECk Sector in the annual reports. CSR disclosures are analysed in context of sources, nature and the item of information.The findings of the study advice that all the companies in the BSE TECk index disclose social issues in their annual reports. Human resources related issues have found greater attention in annual report of the sample companies and less attention has been provided to ethical issues. The study highlights that it is important for the corporate sector to disclose CSR related matters as part of their overall corporate and business performance reporting model. The paper also provides some practical implications about reporting of socially responsible activities for knowledge based companies.
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Mugova, Shame, and Paul R. Sachs. "Corporate governance and credit financing in a developing economy." Corporate Ownership and Control 14, no. 4 (July 2017): 341–49. http://dx.doi.org/10.22495/cocv14i4c2art1.
Повний текст джерелаАнотація:
Emerging markets have common weaknesses in their financial market development. Financial development is one institutional force that shapes financing and governance of firms in emerging markets. Debt and equity are alternative governance instruments. Trade credit is part of debt and therefore should be treated as such in corporate governance. We used a fixed effect regression of financial sector development and trade credit of firms listed on the Johannesburg Stock Exchange to ascertain the relationship of financial sector development and trade credit. We also analyzed the Socially Responsible Index (SRI) which measures corporate governance. We find that good corporate governance practices do not result in substituting of trade credit, despite its high implicit costs, with bank loans for working capital financing.
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Rehman, Ramiz Ur, Junrui Zhang, Rizwan Ali, and Abdul Qadeer. "Does Growing Economy And Better Governance Impede Banking Efficiency? A DEA Analysis." Journal of Applied Business Research (JABR) 31, no. 6 (October 28, 2015): 2213. http://dx.doi.org/10.19030/jabr.v31i6.9478.
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The paper estimates the efficiencies of Pakistani banking sector from 1998-2009. The analysis is further extended and regressed estimated banking efficiencies by using Data Envelopment Analysis (DEA), with macro-economic indicators and corporate governance variables of the banking sector. The purpose of this analysis is to determine the impact of overall economic conditions of a country and corporate governance practices on banking efficiencies. The results suggest that the corporate governance practices, like, board size, board independence have positive impact on overall banking sector efficiencies of Pakistan. Also, the GPD growth and interest rates have positive and negative impact on banking efficiencies respectively. The study has not found any significant difference in banking efficiencies of state-owned, private and foreign banks of Pakistan.
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Rykova N. V. "FEATURES OF REGULATORY MECHANISMS FOR CAPITAL INTEGRATION IN THE CORPORATE SECTOR (ON THE EXAMPLE OF POLAND)." International Journal of Innovative Technologies in Economy, no. 3(30) (June 30, 2020): 21–25. http://dx.doi.org/10.31435/rsglobal_ijite/30062020/7146.
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The development of the corporate sector in Poland has become an important element in the formation of a new economic environment and the transformation of social relations. The article analyses the regulatory mechanism in the corporate sector of Poland, which concerns, in particular, the mechanisms of integration and capital development, with the help of the content analysis method. Considerable attention is paid to updating Polish legislation in accordance with the requirements of the European Union (EU). The author carried out a retrospective analysis of the process of the development of market economy in Poland and the place of privatization in it. The study describes significance of privatization processes in Poland for new progressive tendencies of development of public relations. The article analyses the problems that still remain relevant for the development of the corporate sector in Poland. The regulatory features of the activity of transnational companies in modern Poland and their significance for the economy are studied. The author notes the role of Poland’s membership in the EU to ensure further development of the market economy, the development of the corporate sector in it on the basis of capital integration. It is concluded about a significant capitalization of Polish companies. Access of Polish companies to capital is a necessary condition for dynamic development, as small Polish businesses are unable to accumulate investment funds on their own and incur high loan costs.
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Wang, Leonard F. S. "Sector-Specific Unemployment and Corporate Income Tax Incidence: A Geometric Exposition." American Economist 37, no. 1 (March 1993): 64–67. http://dx.doi.org/10.1177/056943459303700108.
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This paper examines the incidence of the corporate income tax using duality theory for a two-sector general equilibrium model in which the economy experiences sector-specific unemployment and perfect capital mobility with a sector-specific rigid-wage in the corporate sector. Utilizing the simple geometry without the complicated mathematical manipulations required in the previous works, we demonstrate that capital always bears more of the corporate tax burden than does labor, while unemployment and national income unambiguously decline.
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Yeshchenko, M., and I. Safronska. "Corporate management in the banking sector of the national economy: problems and solutions." Galic'kij ekonomičnij visnik 70, no. 3 (2021): 148–57. http://dx.doi.org/10.33108/galicianvisnyk_tntu2021.03.148.
Повний текст джерелаАнотація:
Current trends in the development of Ukrainian banks are associated with the intensification of financial globalization processes. Under the influence of the growing presence of foreign capital, Ukrainian banks have faced increased competition and an exacerbation of the problem of limited financing in the domestic market. In the open national market, banks are forced to look for competitive advantages in order to improve access to financial resources and implement effective long-term partnerships with foreign investors. The creation of quality corporate management under international standards is an important advantage for the investors. The need to increase the level of corporate management according to the best international practices determines the importance of the investigation and substantiation of the areas for improvement based on the analysis of internal factors and conditions of banking business development. Conflict of interest is a major problem of corporate management. The investment community, professional circles, as well as regulatory authorities of the countries pay great attention to the problems of organizing relations of companies and banks with shareholders and other stakeholders. There are some approaches to determining the range of stakeholders. Managers and shareholders are considered in the narrow sense. In the broad sense, the list can include all the possible stakeholders. High quality of corporate management is one of the key conditions for bank efficiency. The interests of the owners are completely consistent with the achievement of high profitability, which is the main criterion of efficiency. In turn, the requirements of creditors to the level of risk on the operations of the credit institution is largely the factor of its sustainability in the long run. The ways of solving problems of corporate governance in banks are proposed in this paper. The theoretical foundations of corporate management in banks are substantiated. The specifics of the organization of relations between the participants of corporate relations in the bank are highlighted. It is noted that many issues related to corporate management in credit institutions lie outside the legal system and are ethical rather than legal.
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Bhatt, Ela R. "Economic Reforms and the People Sector." Vikalpa: The Journal for Decision Makers 23, no. 1 (January 1998): 75–82. http://dx.doi.org/10.1177/0256090919980109.
Повний текст джерелаАнотація:
In recent years⁄ there has been considerable discussion in India on Structural Adjustment Programme and its impact on the economy. However⁄ the moot question is whether restructuring efforts have benefited the ‘people sector’ that includes the workers who are informal⁄ unorganized, and selfemployed. Based on years of experience with SEWA, Ela Bhatt argues that most economic policies including the recent economic reforms have largely benefited the large corporate bodies and have completely ignored the poor and the women. According to her⁄ it is possible to benefit from the reforms if the focus of economic reforms is shifted to the micro level.
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Takalandze, L., and R. N. Mohammad. "Implementing corporate social responsibility as a dynamic capability in recent modern agri-business SMES’ concerns." Fundamental and applied researches in practice of leading scientific schools 31, no. 1 (February 28, 2019): 217–19. http://dx.doi.org/10.33531/farplss.2019.1.41.
Повний текст джерелаАнотація:
The globalizing market economy is not a homogeneous structure. It seeks the emergence of a decentralized regulation of markets coupled with a cosmopolitan and liberal democracy provided by transnational institutions. During this process agricultural sector cannot be hidden and should choose the best practical strategies but in the area of globalized agricultural economy, how should corporate social responsibility (CSR), of agriculture should be managed?
This paper investigates the global economy and corporate social responsibility in the context of agricultural sector.
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Danyliuk, M. O., I. M. Danyliuk-Chernykh, and Z. A. Matsuk. "Contradictions and Financial Fraud in the Real Sector of the Economy." Business Inform 1, no. 528 (2022): 274–79. http://dx.doi.org/10.32983/2222-4459-2022-1-274-279.
Повний текст джерелаАнотація:
The article is aimed at studying the socioeconomic basis for the contradictions in the real sector of the economy and their impact on the currently extant types and forms of financial fraud. Uncertainty and increased socioeconomic risks generate various economic conflicts – contradictions of economic interests at all levels – from national levels of management to individual groups of workers. The article presents the most significant of the current contradictions in the economic and social spheres. Their presence and periodic aggravation leads to economic conflicts, which carry the potential for destructive consequences and social losses. One of these types of conflicts is financial fraud, which tends to expand in the real sector of the economy. The current state of financial fraud and abuse in the world and in Ukraine is analyzed; a classification of types of corporate financial fraud and the amount of financial losses suffered by the organizations both worldwide and in Ukraine from the fraudulent activities is provided. A definition of corporate fraud, which should be considered from the standpoint of potential subjects of abuse as an action of destabilizing subjective factors related to violation of laws, procedures and norms, as well as unfair behavior of economic agents, causing potential or real financial losses for enterprise, is proposed. The necessity of monitoring the occurrence and severity of economic, social, ecological and other contradictions as preventive measures for the prevention and development of financial fraud in the real sector of the economy is substantiated.
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BERG, DANIEL, and NORMAN G. EINSPRUCH. "ANALYZING DOMESTIC AND INTERNATIONAL CORPORATE INNOVATION USING THE DATA SURFACE MINING TECHNIQUE." International Journal of Innovation and Technology Management 05, no. 02 (June 2008): 221–31. http://dx.doi.org/10.1142/s0219877008001345.
Повний текст джерелаАнотація:
Corporate innovation continues to be the subject of a stream of articles in the business press as well as the focus of international conferences. Several recent articles in FORTUNE and BusinessWeek have identified innovative companies on a national and international basis. Using a technique labeled "Data Surface Mining" (DSM), previously published data on corporate innovation were further analyzed to characterize the similarities and differences between the Goods and Service Sectors; the results of these analysis are presented herein. In addition, the issues of technology management especially relevant to the Service Sector are presented. These issues are of critical importance in light of the fact that the Service Sector represents 80% (GDP and/or employment) of the United States economy and are of increasing importance in the global economy. It is also important to note that technology management in the Service Sector has not to date been given proportionate attention in the academic literature.
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Mazur, L. V., and M. A. Shatalov. "RESEARCH OF THE MARKET STRUCTURE OF RUSSIAN CORPORATE BONDS (EXAMPLE OF THE FUEL AND ENERGY COMPLEX AND HEAVY INDUSTRY)." Business Strategies, no. 11 (December 13, 2018): 03–09. http://dx.doi.org/10.17747/2311-7184-2018-11-03-09.
Повний текст джерелаАнотація:
An important direction for the stabilization of economic development is the existence of effective mechanisms for attracting financial resources by business entities. Due to its investment capacity, Russia’s corporate securities market plays an important role in the financial system of the state. The need for economic recovery (after crisis, military-political, sanction and other force majeure circumstances) also requires the widespread use of corporate securities as equity capital raising instruments. The formation of the corporate securities market enables the financing of the needs of economic entities in the three institutional sectors – financial, non-financial corporations and households. In spite of the importance of access to financial resources of contractors of all institutional sectors, financing of the sector of non-financial corporations (enterprises-subjects of the real sector of economy) in today’s conditions determines the rates and proportions of economic development. Enterprises – market participants decide the issue of attracting the necessary resources through the issue of various equity and debt corporate securities. This determines their investment position in capital markets and, at the same time, reveals the ability to use the investment potential of the corporate securities market.In this regard, the article deals with the peculiarities of the formation of the market for Russian corporate bonds. Various indexes of corporate bonds of the Moscow Stock Exchange are considered. A detailed analysis of the placement of corporate bond loans in the sectors of the fuel and energy industry and heavy industry has been conducted. The main dominant industries, attractive for investors in recent years, as well as branches in which the investment decline is observed, are revealed.The conducted researches can serve as the basis for the development of practical recommendations for improving the efficiency of the functioning of the corporate securities market.
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Zhylinska, Oksana, Olena Bazhenova, and Anna Bukalo. "THE INFLUENCE OF INVESTMENT INTERMEDIARIES ON THE CORPORATE SECTOR DEVELOPMENT OF UKRAINE." Ekonomika 91, no. 2 (January 1, 2012): 129–41. http://dx.doi.org/10.15388/ekon.2012.0.891.
Повний текст джерелаАнотація:
As the world experience shows, countries with the developed market economy are characterized by a high level of investment intermediation, as well as by an effective cooperation and interdependence of investors and corporations. The practice of domestic corporations shows also the objective dependence of the development level of intermediation and corporate sector that is stipulated. So in this study, the impact of investment intermediaries on the corporate sector development was estimated on the basis of econometric modeling. The result of the research is a proof of investment intermediaries operation in the domestic corporate sector that generally requires finding the way to increase the impact of their activities on the development level of the corporate sector. Investment intermediators’ activation opportunities as to corporate sector investments with some challenges are shown in their investments into the Ukrainian corporate sector.
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Dibra, Rezart. "The Role of Corporate Governance Failure in the Banking Sector." European Scientific Journal, ESJ 12, no. 34 (December 31, 2016): 68. http://dx.doi.org/10.19044/esj.2016.v12n34p68.
Повний текст джерелаАнотація:
Corporate governance is the organizational arrangement by which a company represents and serves the interests of its investors. It encompasses anything from a company’s boards to executive compensation schemes to bankruptcy laws. Generally, the definitions of corporate governance which was found in the literature tend to share certain characteristics. One of this characteristic is the notion of accountability. Corporate governance is the process of supervision and control which intends to ensure that the company’s management acts in accordance with the interests of shareholders (Parkinson, 1994). Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly, sophisticated institutional investors in this crisis have not been examined. Corporate governance has come to the forefront of academic research due to the vital role it plays in the overall health of economic systems. Corporate governance was long ignored as a matter of potential importance for the development of a nation’s economy. This paper, however, expresses some cases in the field of corporate governance, regarding the failure of corporate governance. Institutional investors failed to effectively monitor such volatile investments, ignoring relatively well-established corporate governance principles and best practices. Corporate Governance Failures offers nuanced and realistic proposals to mitigate future financial pitfalls.
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Morkovkin, D., E. Kolosova, and N. Semkina. "Assessment of Intellectual Capital in the Innovative Development of the Corporate Sector of the Economy." Scientific Research and Development. Economics of the Firm 10, no. 3 (October 18, 2021): 26–34. http://dx.doi.org/10.12737/2306-627x-2021-10-3-26-34.
Повний текст джерелаАнотація:
The existing global integration and the current trends in the development of the world leaders of innovative entrepreneurship show that the most promising way of development of the Russian economy is the formation of an innovative corporate sector that has effectively established the reproduction of full-cycle innovations. In modern economic conditions, it is the intellectual capital of corporations that is the basis of the innovation economy, and therefore the core of the knowledge economy. However, at present, innovation activity in the Russian Federation is not the main factor in the growth of the national economy. Over the past few years, the state leadership has been paying great attention to issues related to the state of the scientific and technical sphere, as well as to the formation of an effective innovation policy in Russia. The necessity of implementing the results of scientific research in various industries of the Russian Federation is noted. The article evaluates the innovative activity of Russian companies, highlights their strengths and weaknesses, and shows the role of intellectual capital in the innovative development of the Russian economy using the example of the oil and gas industry. The priority value of the corporate research and design complex (on the example of Rosneft) in the reproduction of the company's intellectual capital as a basic unit for making any scientific and technical decisions and producing organizational and managerial innovations in the production areas of economic activity is determined and justified. The study highlights the current problems and promising directions for the development of corporate intellectual capital in basic industries as a key factor in the innovative transformation of the real sector of the Russian economy.
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Zinov, V. G., and D. V. Kozlov. "Corporate Venture Sector: The Problem of Staffing." Economics of Science 7, no. 2 (July 26, 2021): 144–55. http://dx.doi.org/10.22394/2410-132x-2021-7-2-144-155.
Повний текст джерелаАнотація:
The problem of staffing in innovation management is one of the main resources of the modern Russian economy. Based on the data of the Ministry of Education and Science of Russia, in-depth interviews with representatives of large companies, and government authorities, the authors attempted to identify the most relevant and popular approaches to solving the problem of staffing the venture capital industry in the corporate sector. The article defines the general vector of development of the corporate venture capital sector in Russia, analyzes the contribution of universities and large companies to the creation of a talent pool. It is concluded that universities do not cover the need for training highly qualified personnel for innovation management, while large companies are building up competencies in the field, using and using effective training tools for working with venture projects.
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Stiller, Wojciech. "Corporate Income Tax Contribution of the Polish Financial Sector." e-Finanse 14, no. 2 (June 1, 2018): 83–91. http://dx.doi.org/10.2478/fiqf-2018-0014.
Повний текст джерелаАнотація:
AbstractThe financial crisis has stimulated debate on the taxation of the financial sector. The focus is on the bank levy and financial transaction tax, whereas corporate income tax attracts less attention in the public debate. Accordingly, this study analyses the contribution of the financial sector to Polish revenue from corporate income tax. Based on tax statistics of the Ministry of Finance from 1998 to 2016, the aggregated effective tax burden of the financial sector is determined and compared with the tax burden of corporations from other sectors. In addition, the study deals with loss deduction of the financial sector in comparison to non-financial corporations.The study shows that the effective tax burden of the financial sector - measured as a ratio of the tax due to income - is higher than the corresponding burden for corporations from outside this sector. A higher corporate income tax burden of the financial sector also applies if it is measured by aggregated profits reduced by losses. An exception to this is the period up to 2002 and the year 2009, when the effective tax burden of the financial sector was lower after the inclusion of losses when compared to other sectors of the Polish economy. This can be explained by the relatively low losses of the Polish financial corporations compared to other corporations. Furthermore, the study shows that tax losses in the financial sector are used much more effectively. The minimum ratio of the expired loss carry-forward - due to its limitation up to five years – to the reported losses accounts for 20.2% for this sector and is thereby significantly lower than the corresponding share of 54.6% for non-financial corporations.
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Khan, Urooj, Suresh Nallareddy, and Ethan Rouen. "The Role of Taxes in the Disconnect Between Corporate Performance and Economic Growth." Management Science 66, no. 11 (November 2020): 5427–47. http://dx.doi.org/10.1287/mnsc.2019.3350.
Повний текст джерелаАнотація:
We investigate the relation between corporate performance and overall economic growth in the United States. In particular, we focus on the impact of the U.S. corporate tax regime on this relation. Exploiting time-series variation and a tax shock, we document that the relatively higher corporate income tax rate and the tax treatment of foreign earnings of U.S. corporations have contributed to a disconnect between the performance of the corporate sector and the overall economy. Specifically, the growth of domestic (national) corporate profits, on average, has outpaced the growth of the domestic (national) economy, and this disconnect increases as the difference between the U.S. corporate income tax rate and the average tax rate of the other Organisation for Economic Co-operation and Development countries increases. The underlying mechanism is fewer corporate profits being channeled into subsequent domestic investments when the U.S. tax rate is relatively higher, leading to lower economic growth. Our findings have implications for policy setters. This paper was accepted by Brian Bushee, accounting.
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ZYMOVETS, Vladyslav, and Kateryna BAGATSKA. "THE REAL SECTOR OF UKRAINIAN ECONOMY CAPITALIZATION: TRENDS AND CONSEQUENCES." WORLD OF FINANCE, no. 1(54) (2018): 7–21. http://dx.doi.org/10.35774/sf2018.01.007.
Повний текст джерелаАнотація:
Introduction. The main trends in the corporate finance of Ukraine hardly could be explained with the traditional corporate finance frameworks which the trading-off or pecking order approaches included. In the beginning of 2017, the whole corporate sector indebtedness (calculated as total unconsolidated debt to book value based equity ratio) was substantially higher than a proper level for emerging markets countries. The restoring of the real sector equity capital sufficiency is crucial for the whole financial system stabilization and investments fostering. Purpose. The investigation of the book value decapitalization in real sector of Ukrainian economy scale and its potential impact on the financial system stability and economic growth assessment. Methods. International comparisons of the total book value capital to GDP ratios, the real book value capital (denominated by GDP deflator) trends and structural changes investigation. Results. The volume and the dynamics of the book value capitalization in Ukrainian economy’s real sector are investigated. The overall level of capital losses is determined (18% decline with 5 years) and significant structural imbalances are revealed. The trends of real sector book value equity changes analyzed comparing with the nominal GDP changes trends in Ukraine and foreign countries. A comparative analysis trends of real sector capital return in Ukraine and some European countries is conducted. The total book value capital to GDP ratio in Ukraine does not differ significantly from other countries. We explain these results capital by the low level of GDP in Ukraine and not by the book value capital sufficiency. The low level of legal productivity the real sector aggregate equity capital in Ukraine is determined. The share of accumulated capital in real sector book value equity in Ukraine was closed to 0 and fall negative in 2017. We explain this by the low level of legal productivity of equity capital in Ukraine. Conclusion. The capital accumulation in the real sector of Ukrainian economy is structurally deteriorated and generates significant risks for the stability of ountry financial system. The lack of capital in real sector hardly can be compensated by the financial sector and government investments. Thus, we can conclude that deficiency of equity in real sector is a strong barrier for the economic growth.
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Suparmono. "Mapping of Sectoral Advantages as a Driver of the Regional Economy." Asia Proceedings of Social Sciences 7, no. 1 (January 31, 2021): 34–37. http://dx.doi.org/10.31580/apss.v7i1.1753.
Повний текст джерелаАнотація:
The purpose of this research is to analyze the sectoral difference between provinces in Indonesia. The analytical tool used in this study is the position quotient (LQ) analysis. The results indicate that the LQ value in agriculture, forestry and fisheries has an advantage in almost all provinces, as shown by the LQ value> 1. West Sulawesi is the province which has the highest LQ value for the agricultural sector, namely 3.08. The agriculture, forestry and fishery sectors of West Sulawesi have production that is far from being accomplished. The national capital has the lowest competitiveness in the farming and mining industries. Nevertheless, DKI Jakarta has competition in the financial and insurance services market, the real estate sector, the corporate services industry and other service sectors. The delivery of sectors that have advantages in and in the region has also been distinguished.
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Ratnam, Vijayakumaran, and Sunitha Vijayakumaran. "Institutional reforms and development of corporate governance and banking system in China." Asian Journal of Finance & Accounting 9, no. 2 (December 31, 2017): 352. http://dx.doi.org/10.5296/ajfa.v9i2.12382.
Повний текст джерелаАнотація:
The objective of this paper is to review China’ instructional reforms and evaluate its effectiveness based on available empirical evidences with special reference to Chinese corporate governance system and financial system. As part of the wider economic reform initiated in the late 1970s, in the 1980s, the Chinese government adopted various measures aimed at reforming state owned enterprises (SOEs). These mainly include managerial autonomy, a management responsibility system, corporatization and partial privatization of former SOEs. In addition, the Chinese government took various steps to enhance the efficiency of the banking sector. The analysis shows that China’s efforts to improve the corporate sector through its own unique gradual and piecemeal approach has been successful in terms of introducing a formal governance structure for the corporate sector, liberalizing its financial sector, improving governance of state owned banks, and most importantly, developing the private sector as the back bone of the economy.
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Palda, Kristian. "Czech Privatization and Corporate Governance." Communist and Post-Communist Studies 30, no. 1 (March 1, 1997): 83–93. http://dx.doi.org/10.1016/s0967-067x(96)00023-2.
Повний текст джерелаАнотація:
The rapid privatization of the Czech economy has contributed to its first rank in the economic performance of the post-communist countries. The claim that 75 per cent of its GDP originates in the private sector may, however, be only formally true. Many of the voucher-privatized former state-owned enterprises and financial institutions are still influenced through core stakes in their share capital by the Fund of National Property and by their mutual interdependence. This article concludes that full privatization will likely be attained through a hybrid of German and American corporate governance systems.
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Sidorkin, Dmitry V. "Economic war: corporate finance in growth." Vestnik of Samara State University of Economics 8, no. 202 (August 2021): 68–77. http://dx.doi.org/10.46554/1993-0453-2021-8-202-68-77.
Повний текст джерелаАнотація:
The relevance of the study lies in the fact that economic war as one of the most important elements of the corporate confrontation between financial and political elites. It affects not only the capital movement at the supranational level, but is also reflected in the budget of every family. The problem statement: the economic war, which is a system with numerous interconnected elements, includes not only financial activities of the state and the corporate sector of the economy, but also the social subsystem arising from the financial system with the corresponding elements.
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Ellis, Colin. "Are Corporate Bond Defaults Contagious across Sectors?" International Journal of Financial Studies 8, no. 1 (January 7, 2020): 1. http://dx.doi.org/10.3390/ijfs8010001.
Повний текст джерелаАнотація:
Corporate bond defaults in different sectors often increase suddenly at roughly similar times, although some sectors see default rates jump earlier than others. This could reflect contagion among sectors—specifically, defaults in one sector leading to credit stresses in other sectors of the economy that would not otherwise have seen stresses. To complicate matters, simple correlation-based tests for contagion are often biased, reflecting increased volatility in periods of stress. This paper uses sectoral default data from over 30 sectors to test for signs of contagion over the past 30 years. While jumps in sectoral default rates do often coincide, there is no consistent evidence of contagion across different periods of stress from unbiased test results. Instead, coincident jumps in sectoral default rates are likely to reflect common macroeconomic shocks.
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Eshugova, S. K., and S. K. Khamirzova. "The role of state corporations in the development of the real sector of economy." New Technologies, no. 4 (November 18, 2020): 126–33. http://dx.doi.org/10.47370/2072-0920-2020-15-4-126-133.
Повний текст джерелаАнотація:
Studying the role and place of state corporations, as well as improving their activities in the framework of stimulating the real sector of the Russian economy is a relevant issue. The subject of the research is organizational and managerial relations arising in the system of functioning of state corporations and their impact on the real sector of economy. The aim of the research is to substantiate the role of state corporations in the development of the real sector of the Russian economy and to develop practical recommendations to improve the efficiency of their functioning in modern conditions. The article reveals the essence, as well as the significant role of state corporations in the innovative modernization of the Russian economy; the necessity of using impressive organizational, financial and economic potential of state corporations in stimulating the development of competitive industries in various sectors of the real sector of the economy is substantiated. There are three main types of state corporations in the Russian economy: a) financial development institutions; their activities are aimed at financing large projects; b) industrial corporations; c) directorates for the implementation of government programs with limited periods of operation and a set of specific tasks for implementation. An analysis of the scale of activity of the state corporate sector has shown that at present state corporations control about 40% of the economy and provide more than half of the state GDP; their financing accounts for about 25% of the expenditure side of the RF budget. The article concludes that state corporations are the locomotives of growth in the real sector of economy, established by the state at the expense of the budget to carry out large-scale projects or to solve important economic and social problems.
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Behringer, Jan, and Till van Treeck. "Income Distribution and Growth Models: A Sectoral Balances Approach." Politics & Society 47, no. 3 (July 22, 2019): 303–32. http://dx.doi.org/10.1177/0032329219861237.
Повний текст джерелаАнотація:
This article revisits the macroeconomic foundations and political economy of national growth models. It argues that the neo-Kaleckian model, which inspired the emergent growth model perspective and focuses primarily on the functional income distribution, can be usefully complemented by theories of private household consumption that focus on the personal distribution of income. The examples of the export-led and debt-led growth models of Germany and the United States, respectively, show how institutional differences help to explain why different countries developed different patterns of income distribution and how income distribution and institutions interacted to generate financial imbalances in different sectors of the economy (i.e., the private household sector, the private corporate sector, and the government sector).
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Balogh, Imre. "Slovenian economy in the grip of credit crisis – How to proceed?" Acta Agraria Debreceniensis, no. 63 (February 17, 2015): 19–25. http://dx.doi.org/10.34101/actaagrar/63/1830.
Повний текст джерелаАнотація:
The Slovenian economy has been through steep ups and downs post-EU accession (2004), and is at the crossroads again. The period 2004–2008 was characterized by balanced monetary and fiscal policies resulting in the adoption of the Euro (2007), coupled with overheated economic growth and propelling corporate indebtedness, fuelled by rapid credit expansion from cheap and abundant foreign funding.
The global financial crisis has exposed the “home-grown” vulnerability of the Slovenian economy, bringing about the second largest GDP fall (9.4%) in the Eurozone after Greece, with a double-dip recession (2009, 2012–13). Growth rebounced in 2014 to 2.6% from its low, but the competitiveness of the Slovenian economy continued to slide in international rankings. For further recovery Slovenia, squeezed by high public debt at 82% of GDP, credit contraction despite EUR 5bn state aid injected into the 70% domestically (basically state) owned banking sector, and the continued threat of massive bankruptcy and debt overhang in the corporate sector, has 3 fundamentally different policy options.
− Profound restructuring of the banking system and the real sector, on the basis of earnest privatization and voluminous FDI inflow.
− Slow creditless recovery due to half-hearted reforms in the financial system and corporate sector.
− Substituting wide-ranging micro level restructuring with Government-stimulated credit expansion, reproducing current tensions in even higher magnitudes in the future.
In the current state of the Slovenian economy, equity-led growth, combined with far-reaching institutional reforms seems the only choice in laying the foundation for long-term sustainable economic development. This study outlines the critical further steps in re-invigorating the financial system, utilizing also the proposals elaborated by the author and his banking team for the Slovenian macro policy decision-makers.
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Oyewunmi, Olabode A., Kenneth S. Adeyemi, and Olaleke O. Ogunnaike. "Corporate Governance and Human Resource Management in Nigeria’s Downstream Petroleum Sector." Scientific Annals of Economics and Business 64, no. 2 (June 27, 2017): 139–53. http://dx.doi.org/10.1515/saeb-2017-0009.
Повний текст джерелаАнотація:
Abstract The emergence of a ‘new world economy’ makes it imperative for corporate entities to adjust their corporate values, practices and internal processes. This paper explored the interrelatedness of selected corporate governance practices and human resource management outcomes. The paper relied on established corporate management theories as a platform for empirical consideration of selected issues relative to four established players in Nigeria’s downstream petroleum sector. A descriptive method was adopted and data was collected via a survey of 112 respondents. Contextual arguments were captured to achieve a robust appreciation of issues affecting individual participation and operations of corporate entities. The study found that there is a significant relationship between corporate governance practices and human resource management outcomes. Requisite conclusions and recommendations were provided in the light of empirical and theoretical findings.
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Kavčáková, Michaela, and Kristína Kočišová. "Using Data Envelopment Analysis in Credit Risk Evaluation of ICT Companies." Agris on-line Papers in Economics and Informatics 12, no. 4 (December 30, 2020): 47–60. http://dx.doi.org/10.7160/aol.2020.120404.
Повний текст джерелаАнотація:
The aim of the paper is to explore possibilities of diagnosis corporate credit risk through DEA and design an appropriate model for diagnosis of credit risk, which can be used in different sectors of national economy (e.g. agricultural, service sector or industry and innovation sector). The model differs from the conventional application of DEA because of variables selection and construction of production-possibility frontier. We illustrate application of models on sample 110 randomly selected companies during the 2013-2017 period. The reason for choosing the ICT companies is the fact that this sector is considered to be driving force behind the growth of the economy. The data has been obtained from Finstat. The results are divided into identification of 3 zones of corporate financial health with a different stage of credit risk. They show that DEA achieves a satisfactory value of a correct classification into the relevant zone (financial health, grey, and financial distress zone), but also the relatively high error rate of the DEA in the identification of companies in financial distress.
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Krchnivá, Kateřina, and Danuše Nerudová. "The Influence of Allocation Formula on Generation of Profit in Different Economy Sectors." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 6 (2015): 1961–67. http://dx.doi.org/10.11118/actaun201563061961.
Повний текст джерелаАнотація:
The mechanism for the distribution of the Common Consolidated Corporate Tax Base will be based on three macroeconomics factors which are considered to be the main indicators of generated profit/loss. The paper analyzes the explanatory power of proposed allocation formula for the distribution of the Common Consolidated Corporate Tax Base with respect to the sector of economic activity from the perspective of the Czech independent enterprises. The research is based on the comparison of the coefficients of determination indicating the proportion of explained variability of proposed multiple regression models. The paper concludes that the proportion of explained profitability by the allocation formula factors as are defined by the Common Consolidated Corporate Tax Base Draft Directive may differ up to 34% with regard to the sector of economic activity classified by NACE classification.