Ekonomika

Analysis of the concept of internal control system is an important subject that involves the analysis of the latest scientific results, and on its basis to perform an updated analysis of the concept of internal control system which meets the modern business conditions and tendencies. Such an assumption has been made upon exploring famous scientists’ concepts of internal control system, in which the basic values needed for internal control system: (honesty, trust, respect, openness, skills, courage, economy, initiative, etc.) were not included. Only a modern concept of internal control might ensure an effective internal control system.
The main purpose of the authors was to explore control, the concepts and conceptions of control, internal control and the system of internal control, as well as to present their own idea of the concept of internal control system and to compile a structural scheme of their conception. The structural scheme may alleviate the process of compiling a new model of an effective internal control system. The structural scheme of the conception may also be used in compiling a model of internal control system in different branches of industry.

The concept of internal control system: theoretical aspect  1.86 MB

Jau parsisiuntė: 56

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.

The influence of investment intermediaries on the corporate sector development of Ukraine  941.26 KB

Jau parsisiuntė: 39

State property serves as an essential provision for ensuring the improvement of society‘s quality of life, the growth of economic welfare, social security, political stability and cohesive development in all facets of life. The purpose of the article is to analyze the current variety of property classifications, to perform an analysis of state property values and their management system. When transforming the state property management system towards a higher level of effectiveness, it is necessary to perform a comprehensive state property valuation which would fully reflect the structure of state property in both a quantitative and a value sense.

State property: economic analysis and management  1.14 MB

Jau parsisiuntė: 36

This article deals with the problems of Enterprise Resource Planning (ERP) system selection as the initial and vital phase of ERP system implementation.
Firstly, the paper presents an analysis of different classifications of the fundamental criteria for the ERP system selection process, published in scholar sources, and defines two main groups – software-related, and implementation-related ERP selection criteria. Secondly, combining theoretical and practical approaches, the most significant ERP system selection criteria of both groups are identified and reviewed by analyzing and interpreting their definitions and differences. The study is complemented by adding practical/statistical findings produced by different consultancies.
The paper concludes that there is no standard classification of ERP selection criteria. They are classified mostly on the basis of scientists’ research interests.
The significance of ERP system functionality as the principal software-related ERP selection criterion is emphasized. Eleven other criteria were defined as important to consider, such as the total costs of the ERP implementation project, vendor reputation, ERP reliability, ease of integration with other systems, technology advance, scalability, upgrading ability, customization / parameterization possibilities; ease of use; flexibility and modularity.
The importance of all-round knowledge for a successful ERP implementation is emphasized, including ERP software functionality, project and change management, business processes, organization of training etc. All these areas are closely connected with implementation-related ERP selection factors: organisational fit, end-user readiness, training, system support quality, and the overall ERP implementation success which is predefined by the complexity of business environment as well as the level of business transformation, defined by technological changes.
Finally, it is stated that for creating a decision support system which would automate the ERP selection process, the quantitative analysis of ERP selection criteria would be required.

ERP selection criteria: theoretical and practical views  1.04 MB

Jau parsisiuntė: 68

In this paper we focus on clusterization in Lithuanian wood products manufacturing and in computer, electronic and optical products manufacturing industries. These sectors were chosen upon analyzing Jucevičius (2003) and Jucevičius (2009) who describe them as having undergone a clusterization process. We use graphical and statistical analysis to find that clusterization has had a positive effect on the mentioned industries. Our analysis also covers a brief review of clusterization theory, development and current state. We also note that clusterization is supported in the European Union, which might be one of the major reasons why it has been accepted in Lithuania. Finally, we argue that competent practitioners who focus on clusterization professionally are scarcely available in the labour market, and clusterization theory is far from mature and requires a lot of academic input.

Clusterization: effects on some industry sectors of Lithuania  1001.97 KB

Jau parsisiuntė: 45

The article presents the concept of tax culture by accentuating the possibilities of tax culture expression. The general factors that influence changes in tax culture are distinguished and defined. The general macroeconomic factors that influence changes in tax culture are presented. Based on the aforementioned factors, changes in the tax culture of Member States and the macroeconomic factors are analyzed in their entirety, and the influence of such factors on the changes of tax culture is calculated and assessed.

Identification and estimation of the influence of general macroeconomic factors on changes in country’s tax culture  1.47 MB

Jau parsisiuntė: 77

The main goal of the research is to assess the efficiency of Belarus–EU trade and to develop an econometric model to find out which goods Belorus should export in order to ensure its GDP growth. Authors have made an analysis of the main trade theories, reviewed the common EU trade policy, determined a relationship between Belarusian trade in goods with the EU and its economic growth, studied the consequences of the potential free trade agreement with the EU. The research used secondary data that have been analysed by means of a system of indicators, the matrix method, and regression correlation analysis. The analysis revealed that the trade balance between Belarus and the EU in most years has been negative, that the degree of trade concentration between Belarus and the EU is low, and that trade between the two parties has both intra-industry and inter-industry features. The econometric model has revealed a negative impact of the Belarusian export of agricultural products and iron and steel on its GDP growth rate. The study has also shown that so far it is difficult to forecast the timelines and consequences of Belarus–EU free trade agreement.

Economic impacts of EU–Belarusian trade  1.01 MB

Jau parsisiuntė: 39

India is an important trade partner for the European Union. The European Union’s export to India is higher relative to India’s export to the European Union. An analysis of barriers is needed for international trade as it may assist in finding out why exporters are not able to exploit their full potential. The main goal of this research is to analyze the barriers faced by Indian exporters during export to the European Union. This research was done by an empirical investigation of barriers’ perception by Indian exporters. A literature review was also done to enlist the barriers faced by exporters. Analysis of data was done with the help of SPSS (Version 20) software.
While previous researches talk about the most common barriers, this research talks about all the possible ones, i.e. common as well as naturally existing, and finds the major ones. This research has shown that exporters have a significant feeling for governmental regulations, customs procedure and licensing, technical standards and health regulations, sanitary and phytosanitary measures, and certification as the major barriers to export. There are some naturally existing barriers to the trade among which labeling and packaging, and market access problems are the major barriers to export.
Decreasing the strength of these barriers will lead to an increase in export as exporters are ready to export more from India to the European Union if these barriers will be removed or the strength of these barriers will be less. Also, due to the low barriers, non-exporters will start export, and the increase in export will lead to the economic growth of India.

Barriers to export from India to the European Union  1.22 MB

Jau parsisiuntė: 52

The paper deals with regional economic differences: theoretical aspects of their causes, evaluation methods, and presents in empirical analysis of the EU countries. The β convergence methods were applied for empirical research. The results suggest that in most of the EU countries, regions were diverging during 1995–2008. The recent territorial differences in the EU are determined not by the factors of countries or their groups, but by economic differences inside the countries.

Evaluation of regional β convergence in EU countries at NUTS3 level  1.08 MB

Jau parsisiuntė: 35

The content of the economic freedom as a category of modern economic knowledge and the dialectics of its correlation with the category of the personality labour potential are revealed in the article. The appropriate correlations are highlighted in the context of the authors’ model called “the conditional propeller”, the plot of which is revealed through the balance of human’s, society’s and state’s competence. Also, the article contains theoretical generalizations as regards the correlation of human “I” with the system of labour potential of a personality and gives practical recommendations concerning its consideration in the daily activities of a national government.

The labour potential and economic freedom: theoretical base for dialectical unity  669.08 KB

Jau parsisiuntė: 37