Наукові статті

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  • Item type:Наукова стаття,
    ASSESSMENT OF THE IMPACT OF FINANCIAL AND NON-FINANCIAL INSTRUMENTS ON EQUITY AND CASH FLOWS AS THE BASIS FOR DECISION-MAKING TO INCREASE ENTERPRISE MARKET CAPITALIZATION
    (FTA, FINTECHALLIANCE, 2024-08-31) Vakhovych, Iryna; Kryvovyazyuk, Igor; Kovalchuk, Nadiia; Kovalska, Liubov; Dorosh, Viktoriia; Burban, Oleksandr
    The market capitalization of an enterprise is one of the key indicators that characterize the degree of influence of financial and non-financial instruments on its volumes and dynamics. Establishing the relationship between such instruments and metrics of equity and cash flows best outlines the plane of their direct impact on stimulating market cap-italization and implementing effective management measures in the context of optimiz-ing the use of equity and cash flows. The purpose of the study is to establish how the impact of indicators of financial and non-financial instruments on equity and cash flows forms an appropriate basis for making managerial decisions to increase the market cap-italization of enterprises. As a result of the study, the toolkit for increasing the market capitalization of the enterprise from the standpoint of its grouping in terms of financial and non-financial plane was clarified. It was found that among the 36 analyzed indica-tors of the impact on equity and cash flows of the studied machine-building enterprises in Ukraine during the period 2010-2021, the most significant are bank lending, invest-ment and technical metals, research and development costs, foreign scientific and tech-nical services received, production investments, work-in-progress, and accounts paya-ble for products, goods, and services. The results were transformed into a model of ranked instruments for stimulating the market capitalization of machine-building enter-prises, which demonstrates the degree and directions of the influence of indicators of financial and non-financial instruments on the dynamics of equity and cash flows, which ensures the formation of an information database for making decisions on the further use of such instruments. The structuring of the toolkit serves as the basis for forming a system of management decisions containing practical recommendations within each group of instruments aimed at optimizing market capitalization through increased equity and cash flows of the enterprise. The obtained results will be beneficial to financial analysts of enterprises in preparing databases for making financial and non-financial decisions.
  • Item type:Наукова стаття,
    Factors of Influence and Support for Increasing Efficiency of Air Transport Logistics Before and After COVID-19
    (Jelgava : Latvia University of Life Sciences and Technologies, 2025-05-20) Kryvovyazyuk, Igor; Smerichevskyi, Serhii; Tolstushko, Nataliya; Valetskyi, Bohdan
    Spreading the COVID-19 pandemic caused a profound and long-lasting negative impact on the dynamics of air transportation of passengers and cargo, despite the priority role of aviation companies in the global economy. The pandemic also negatively affected the efficiency of air transport logistics, which necessitated a more in-depth analysis of the factors of influence on changes in its level. The study reveals a methodological approach that allows to make a sound assessment of internal and external factors of influence and, based on its results, to develop a system of organizational and economic solutions for improving the efficiency of air transport logistics. In the context of the above, the advantages of using the integral indicators method for analyzing the efficiency of aviation companies logistics are clarified. Based on the methods of selective observation and calculation of the system of relative and average values of changes in basic indicators, global trends in the development of aviation commerce are summarized and aviation companies that occupy leading positions in the provision of air transportation of passengers and cargo are identified. By synthesizing the methods of integral and point evaluation, the influence of sub-factors of external and internal logistics efficiency of the world's leading aviation companies for passenger transportation in the periods before and after COVID-19 was analyzed. It was found that the aviation industry has fully recovered after the spread of the COVID-19 pandemic in terms of dynamics and efficiency of air transport logistics. As proposals based on the research results, a system of goals, influencing factors and resource provision for increasing the efficiency of air transport logistics in the post-COVID period was specified.