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Tytuł:
MACROECONOMIC DETERMINANTS OF INVESTMENT IN AGRICULTURE IN POLAND – DEMATEL METHOD
Autorzy:
Miłaszewicz, Danuta
Nermend, Kesra
Powiązania:
https://bibliotekanauki.pl/articles/453854.pdf
Data publikacji:
2017
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:
agriculture
investment
macroeconomic factors
causal relations
DEMATEL
Opis:
Investments in agriculture have a direct impact on the sector as well as on the economy in general. These effects are determined by many internal (microeconomic) and external (macroeconomic) factors. In the literature there are many studies on the influence of microeconomic factors on decisions regarding investments in agriculture holdings. Few authors, however, have dealt with macroeconomic conditionality for such decisions. The paper presents the possibility to apply the DEcision MAking Trial and Evaluation Laboratory (DEMATEL) method in examining the causal links between macroeconomic factors and investment in rural areas. Basing on the three independent experts’ opinions referring to the analyzed relationships, we reveal direct and indirect links between the investigated variables.
Źródło:
Metody Ilościowe w Badaniach Ekonomicznych; 2017, 18, 1; 99-109
2082-792X
Pojawia się w:
Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The influence of macroeconomic factors on the financial expenditures and development of the marketing research
Autorzy:
Tarka, Piotr
Powiązania:
https://bibliotekanauki.pl/articles/522543.pdf
Data publikacji:
2015
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Advertising spending
Macroeconomic factors
Market research industry
Opis:
This article diagnoses the selected macroeconomic factors, such as: rate of unemployment, inflation, GDP, spending power of the households, and characterizes their indirect impact on the enterprises’ market research expenditures and research industry turnovers. The problems of financial expenditures, i.e., their allocation on the marketing researches (depending on the supply and demand market situational perspective in a given market) are also discussed. Moreover, as indicated in the article, enterprises are forced not only to cut their financial sources on the marketing research projects in unfavorable economic situation, but they choose different methods of the research.
Źródło:
Journal of Economics and Management; 2015, 22; 151-161
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
A novel approach to estimating the debt capacity of European SMEs
Autorzy:
Karas, Michal
Režňáková, Mária
Powiązania:
https://bibliotekanauki.pl/articles/22401577.pdf
Data publikacji:
2023
Wydawca:
Instytut Badań Gospodarczych
Tematy:
debt capacity
financial distress
macroeconomic factors
financial constraints
Opis:
Research background: The concept of debt capacity assumes that a maximum value of debt ratio exists that when exceeded triggers unfavourable consequences, such as drop in market value, default or a change in the business' creditworthiness. With the current state of the art there is a priori no theoretical assurance that such a specific value exists, or rather it is represented by an interval of values. Beyond that, our understanding of debt capacity is often limited to a theoretical approximation by firm-specific factors, while the context of macroeconomic factors, especially those critical for SMEs, is neglected. Purpose of the article: The aim of this paper is to present a novel approach to estimating SMEs' debt capacity. Further, the aim is to answer the question of what firm-level and macroeconomy conditions lead to exhausting the SMEs' debt capacity and under what conditions a specific value of maximum debt capacity could be estimated. Methods: To estimate the debt capacity, we suggest a use of an information entropy minimising heuristic and the Minimal Description Length Principle. In this approach, the observed feature space is categorised into several regions. In this case, such a region represents a set of firm- and macroeconomy-specific conditions forming the debt capacity of the SMEs. To the best of our knowledge, such an approach has not yet been used in debt capacity applications. Findings & value added: We found out that the debt ratio itself provides little explanation of exhausted debt capacity, suggesting that high debt levels are compensated for by other factors. By using the suggested approach, a set of more than 100 different regions was analysed. It was found that in case of five regions (sets of conditions) the debt capacity is exhausted, as the high level of debt has significant distress consequences.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2023, 18, 2; 551-581
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Macroeconomic Determinants of Credit Risk on the Example of Non-performing Loans
Autorzy:
Zawadzki, Adam
Powiązania:
https://bibliotekanauki.pl/articles/22443131.pdf
Data publikacji:
2023-10-16
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
credit risk
non-performing loans (NLPs)
macroeconomic factors
Opis:
The primary goal of this article is to examine the principal macroeconomic factors influencing credit risk as assessed by the nonperforming loan ratio (hereinafter NPL ratio). Based on the results, the ratio of domestic credit to the private sector, Organization for Economic Cooperation and Development (OECD) membership with a negative correlation with NPLs while the unemployment rate and the ratio of public debt with a positive relation with NPLs were statistically significant. In addition, the correlation between the inflation rate and the depreciation of the home currency wasproven. The research examines the effects of the 2008 credit crunch, which triggered the financial crisis. The sample comprises106 countries for the period 2009–2019. The real GDP growth, unemployment rate, public debt ratio, domestic credit to private sector ratio, currency depreciation, inflation rate, and interest rate were analysed as macroeconomic factors. A dummy variable representing OECD membership has been included in the analysis. The estimations were performed using the ordinary least squares (OLS) method. This article contributes to the academic discourse on the panel data perspective with regard to non-performing loans, while the practical implications are beneficial for governments and international investors.
Źródło:
Central European Economic Journal; 2023, 10, 57; 275-286
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Macroeconomic conditions of the financial efficiency of food industry enterprises
Uwarunkowania makroekonomiczne efektywności finansowej przedsiębiorstw przemysłu spożywczego
Autorzy:
Juszczyk, S.
Balina, R.
Bąk, M.
Juszczyk, J.
Powiązania:
https://bibliotekanauki.pl/articles/2051174.pdf
Data publikacji:
2020
Wydawca:
Akademia Bialska Nauk Stosowanych im. Jana Pawła II w Białej Podlaskiej
Tematy:
financial efficiency
macroeconomic factors
food industry
pentagon of macroeconomic
stabilization
economic policy
Opis:
Subject and purpose of work: The subject of this research was the financial efficiency of large food industry enterprises in Poland, and its aim was to determine the strength and direction of the impact of key macroeconomic factors on the level of financial efficiency of those enterprises. Materials and methods: Data from the Central Statistical Office, the results of own research as well as literature on the problem were used. The research period covered the years 2005-2018. Dynamic panel models were applied in the study. Results: The results of the statistical analysis showed, inter alia, that the explanatory variable responsible for the increase in financial efficiency in the food industry was primarily the consumption dynamics in the preceding year. Its growth by 1 pp. ceteris paribus was related to an increase in the EBITDA margin of food industry enterprises by over 0.23 pp on average. Conclusions: The main conclusion concerned the statement that the rise in the inflation rate had a negative impact on the financial efficiency of food industry enterprises, while the increase in GDP, consumption and accumulation had a positive effect.
Źródło:
Economic and Regional Studies; 2020, 13, 4; 407-428
2083-3725
2451-182X
Pojawia się w:
Economic and Regional Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The effect of financial, macroeconomic and sentimental factors on stock market volatility
Autorzy:
Czapkiewicz, Anna
Choczyńska, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/1047382.pdf
Data publikacji:
2021-05-31
Wydawca:
Główny Urząd Statystyczny
Tematy:
regime shift
equity volatility
macroeconomic factors
sentimental factors
financial markets
TVPMS model
Opis:
The aim of this paper is to find economic factors that could be helpful in explaining the market's shifts between periods of prosperity and crisis. The study took into account the main stock indices from developed markets of the USA, Germany and Great Britain, and from two emerging markets, i.e. Poland and Turkey. The analysis confirms the existence of two different states of volatility in these markets, namely the state with a positive returns' mean and low volatility, and the state with a negative or insignificant mean and high volatility. The Markov-switching model with a dynamic probability matrix was applied in the study. The subject of the analysis was the impact of domestic and global factors, such as VIX and TED spread, oil prices, sentiment indices (ZEW), and macroeconomic indices (unemployment, longterm interest rate, CPI), on the probability of switching between the states. The authors concluded that in all the examined countries, changes in long-term interest rates have an influence on market returns. However, the direction of this impact is different for developed and emerging markets. As regards developed markets, high prices of oil, 10-year bonds, and the ZEW index can suggest a high probability of the countries remaining in the first state, whereas an increase in the VIX index and the TED spread significantly reduces the probability of staying in this state. The other studied factors proved to be rather local in nature.
Źródło:
Przegląd Statystyczny; 2020, 67, 4; 274-293
0033-2372
Pojawia się w:
Przegląd Statystyczny
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Impact of Economic Inertia on Economics: a Methodological Framework
Autorzy:
Navickas, Valentinas
Bačiulienė, Vaida
Powiązania:
https://bibliotekanauki.pl/articles/2162512.pdf
Data publikacji:
2021
Wydawca:
Politechnika Częstochowska
Tematy:
economic inertia
macroeconomic factors
methodology
sustainable economic growth
sustainable economic development
Opis:
The article is devoted to the phenomenon of economic inertia. The authors of the study conducted sufficiently detailed research of economic inertia, on the basis of which the damage to the economy from various economic reforms or economic shocks can be revealed in a timely manner. as Additionally, guidelines can be outlined for further economic growth and sustainable economic development. In their in-depth research on the concept of economic inertia, the authors introduced into usage and employed new concepts of certainty, uncertainty, insufficiency and the redundancy of economic inertia. The authors delineated out as many as four levels of complexity of economic inertia uncertainty. The empirical research is based on a model of the impact of subsidies on the economy. The research model demonstrates that the use of subsidies decreases the market equi-librium price. Innovative companies lose motivation to pursue sustainable economic growth and ensure competitiveness. In this case, the phenomenon of economic inertia is obvious and deprives businesses of the incentives to use innovation to ensure eco-nomic growth. Thus, subsidies as a system of stimulus and rescue in the strategic as-pect of increasing competitiveness have negative effects on the country's economy.
Źródło:
Zeszyty Naukowe Politechniki Częstochowskiej. Zarządzanie; 2021, 44; 46-53
2083-1560
Pojawia się w:
Zeszyty Naukowe Politechniki Częstochowskiej. Zarządzanie
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Corporate management through the lens of macroeconomics
Autorzy:
Szostak, J.
Powiązania:
https://bibliotekanauki.pl/articles/348529.pdf
Data publikacji:
2015
Wydawca:
Akademia Wojsk Lądowych imienia generała Tadeusza Kościuszki
Tematy:
enterprise management
theory of the enterprise
economic performance
socio economic environment
macroeconomic factors
economic globalization
Opis:
Organizational management processes reflect capital allocation in a given business as well as in the macroeconomic space at large. In practice, macroeconomic forces acting on a given economy will depend on economic policy pursued by the state. Under the currently prevalent neoliberal outlook on market economy and its mechanisms, the impact of macroeconomic forces is confined to creating a specific socio-economic environment in which businesses operate, and to defining the economic content of (the category of) production efficiency. The paper attempts to depict the influence of macroeconomic forces on the criteria for assessing business performance that impinge indirectly on corporate management processes. The discussion leads to a proposition that while macroeconomic policy founded on neoliberal premises might well be conducive to business activity, it could be, in the long run, detrimental to individuals and to society at large.
Źródło:
Zeszyty Naukowe / Wyższa Szkoła Oficerska Wojsk Lądowych im. gen. T. Kościuszki; 2015, 3; 103-117
1731-8157
Pojawia się w:
Zeszyty Naukowe / Wyższa Szkoła Oficerska Wojsk Lądowych im. gen. T. Kościuszki
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Evaluation of the impact of macroeconomic factors on innovativeness of enterprises from the TSL sector in the countries of Central and Eastern Europe
Autorzy:
Niedźwiedzińska, Hanna
Kowalska, Magdalena Klaudia
Powiązania:
https://bibliotekanauki.pl/articles/2128578.pdf
Data publikacji:
2020
Wydawca:
Uniwersytet w Białymstoku. Wydawnictwo Uniwersytetu w Białymstoku
Tematy:
innovations
innovativeness of enterprises
enterprises of the TSL sector
macroeconomic factors
Central and Eastern Europe
Opis:
Purpose – The main objective of the article is to assess the impact of the macroeconomic environment on the innovativeness of enterprises of the TSL sector in the countries of Central and Eastern Europe in 2010-2016 with the forecast for 2017-2018. Research method – The paper has been divided into the theoretical and practical part. The first part is based on the subject literature and refers to the theoretical aspect of innovation and innovativeness of enterprises. The second part is empirical. Two synthetic indicators were created – a synthetic index of innovativeness of enterprises operating in the TSL sector and conducting their activities in the countries of Central and Eastern Europe, and a synthetic macroeconomic indicator of the countries of Central and Eastern Europe. Next, a forecast based on the extrapolation of the trend was made and the relationships between the analyzed synthetic indicators were examined using the Ordinary Least Squares Method. Results – Based on the research, it can be concluded that in Central and Eastern Europe there is a statistically significant relationship between the synthetic macroeconomic indicator and the synthetic indicator of the innovativeness of enterprises in the TSL sector. Originality – Evaluation of the impact of macroeconomic factors on the innovativeness of enterprises of the TSL sector in the countries of Central and Eastern Europe.
Źródło:
Optimum. Economic Studies; 2020, 1(99); 34-47
1506-7637
Pojawia się w:
Optimum. Economic Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The impact of macroeconomic factors on the Portuguese Stock Market
Wpływ czynników makroekonomicznych na portugalski rynek akcyjny
Autorzy:
Mota, Jorge
Santos, João
Oliveira, Helena
Moutinho, Victor
Powiązania:
https://bibliotekanauki.pl/articles/27315191.pdf
Data publikacji:
2023
Wydawca:
Politechnika Częstochowska
Tematy:
macroeconomic factors
stock exchange market
Portuguese Stock Exchange market
czynniki makroekonomiczne
rynek giełdowy
portugalski rynek akcyjny
Opis:
Macroeconomic factors impact both the stock markets and society. However, one generic research question remains unanswered: Do all macroeconomic factors impact all markets and all countries with the same strength? This study aims to contribute to the perception of how macroeconomic factors impact the Portuguese Stock Market. It also considers how the Portuguese Stock Market reacts to various factors compared to the North American and Japanese Stock Markets, focusing on the last decade. Using GARCH Models, the results document that the Portuguese Stock Market suffers significant impacts from the EUR-USD exchange rate. In turn, oil and gold prices also have a significant influence. The Japanese market, at first sight, looks more resilient to outside events, but it is also sensitive to gold price fluctuations and the EUR-JPY exchange rate. The North American market especially feels pressure from exchange rates from both the EUR and JPY and Brent.
Czynniki makroekonomiczne wpływają zarówno na rynki akcji, jak i na społeczeństwo. Jednak jeden generyczny aspekt badawczy pozostaje bez odpowiedzi: Czy wszystkie czynniki makroekonomiczne wpływają na wszystkie rynki i wszystkie kraje w takim samym stopniu? Niniejsze opracowanie ma na celu przyczynienie się do postrzegania wpływu czynników makroekonomicznych na portugalski rynek akcyjny. Rozważono również, w jaki sposób portugalski rynek akcji reaguje na różne czynniki w porównaniu z północno amerykańskim i japońskim rynkiem akcji, koncentrując się na ostatniej dekadzie. Korzystając z modeli GARCH, wyniki dokumentują, że portugalski rynek akcji odczuwa znaczący wpływ kursu wymiany EUR-USD', podobnie jak ceny ropy naftowej i złota. Rynek japoński na pierwszy rzut oka wydaje się bardziej odporny na wydarzenia zewnętrzne, ale jest również wrażliwy na wahania cen złota i kurs wymiany EUR-JPY. Rynek północnoamerykański szczególnie odczuwa presję ze strony kursów wymiany zarówno EUR i JPY, jak i ropy Brent.
Źródło:
Polish Journal of Management Studies; 2023, 27, 1; 241--257
2081-7452
Pojawia się w:
Polish Journal of Management Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Macroeconomic factors affecting carbon dioxide emissions in Bangladesh: an ARDL approach
Czynniki makroekonomiczne wpływające na emisje dwutlenku węgla w Bangladeszu: podejście ARDL
Autorzy:
Khan, Musa
Powiązania:
https://bibliotekanauki.pl/articles/27312527.pdf
Data publikacji:
2023
Wydawca:
Polska Akademia Nauk. Instytut Gospodarki Surowcami Mineralnymi i Energią PAN
Tematy:
macroeconomic factors
economic growth
emissions
energy consumption
ARDL approach
czynniki makroekonomiczne
rozwój ekonomiczny
emisje
zużycie energii
podejście ARDL
Opis:
This study investigates how macroeconomic variables in Bangladesh from 1991 to 2021 affected emissions, using data from the World Development Indicators. This study used the autoregressive distributed lag (ARDL) model. The study finds that Bangladesh’s GDP per person, energy use, and trade openness positively and significantly affect both short-term and long-term carbon dioxide emissions. However, statistics show that foreign direct investment does not affect from Bangladesh’s. This study says that policymakers should focus on making energy policies and other economic policies that help the economy grow and have little to no effect on emissions. Additionally, economic growth will not hurt the environment as much if policies are implemented to encourage the growth of both the public and private sectors and make it easier to make money by allocating and distributing resources well. Finally, this study suggests looking for additional variables to improve the model’s fit and using other estimating techniques to obtain more trustworthy findings.
W niniejszym artykule zbadano, wykorzystując dane z World Development Indicators, w jaki sposób w jaki sposób zmienne makroekonomiczne w Bangladeszu w latach 1991–2021 wpłynęły na emisje. W tym badaniu wykorzystano model autoregresyjnego rozproszonego opóźnienia (ARDL). Badanie wykazało, że PKB Bangladeszu na osobę, zużycie energii i otwartość handlu pozytywnie i znacząco wpływają zarówno na krótko-, jak i długoterminowe emisje dwutlenku węgla. Statystyki pokazują jednak, że bezpośrednie inwestycje zagraniczne nie wpływają na sytuację w Bangladeszu. To badanie mówi, że decydenci powinni skupić się na kształtowaniu polityki energetycznej i innych polityk gospodarczych, które pomagają gospodarce rozwijać się i mają znikomy wpływ na emisje. Ponadto wzrost gospodarczy nie będzie tak bardzo szkodził środowisku, jeśli wdrożona zostanie polityka zachęcająca do rozwoju zarówno sektora publicznego, jak i prywatnego, oraz ułatwiająca zarabianie pieniędzy poprzez dobrą alokację i dystrybucję zasobów. Wreszcie, to badanie sugeruje poszukiwanie dodatkowych zmiennych w celu poprawy dopasowania modelu i wykorzystanie innych technik szacowania w celu uzyskania bardziej wiarygodnych wyników.
Źródło:
Polityka Energetyczna; 2023, 26, 3; 27--46
1429-6675
Pojawia się w:
Polityka Energetyczna
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Economic Security of Enterprises in the Context of National Safety of the State
Ekonomiczne bezpieczeństwo przedsiębiorstw w kontekście bezpieczeństwa narodowego.
Autorzy:
Liutak, Olena
Kravchuk, Oleh
Powiązania:
https://bibliotekanauki.pl/articles/2141092.pdf
Data publikacji:
2019-12-24
Wydawca:
Wydawnictwo Naukowe Dolnośląskiej Szkoły Wyższej
Tematy:
bezpieczeństwo państwa
bezpieczeństwo przedsiębiorstwa
bezpieczeństwo korporacyjne
czynniki makroekonomiczne
źródła zagrożeń
state security
safety of enterprise
corporate safety
macroeconomic factors
sources of the threats
Opis:
What is considered in this article are key positions in relation to the factors that form economic security of an enterprise. Hierarchical strengths of securities are analysed. The macroeconomic sources of the threats that have an influence on corporate safety of the subjects management are certain. Directions of the improvement in the area of economic security of enterprises are considered as the bases for forming the national safety and security of the state in line with the authors’ recommendations.
Autorzy artykułu rozważają zasadnicze aspekty dotyczące problemów, które decydują o bezpieczeństwie ekonomicznym przedsiębiorstw. Bezpieczeństwo ich funkcjonowania poddano analizie w kontekście siły powiązań hierarchicznych w państwie. Przyjęto, że są obecne makroekonomiczne źródła zagrożeń mające wpływ na bezpieczeństwo korporacyjne w badanychobszarach zarządzania. Kierunki doskonalenia w obszarze bezpieczeństwa ekonomicznego są brane pod uwagę, jako podstawa dla budowania narodowego bezpieczeństwa i spokoju,co jest uwzględnione w rekomendacjach prezentowanych przez autorów.
Źródło:
Rocznik Bezpieczeństwa Międzynarodowego; 2013, 7; 41-49
1896-8848
2450-3436
Pojawia się w:
Rocznik Bezpieczeństwa Międzynarodowego
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Risk management under impacts of macro economic factors in a big seafood Ex-Import Firm - AnGiang Fisheries Ex-Import jsc. in Vietnam
Autorzy:
Thach, Nguyen Ngoc
Huy, Dinh Tran Ngoc
Powiązania:
https://bibliotekanauki.pl/articles/2064454.pdf
Data publikacji:
2021
Wydawca:
Uniwersytet Zielonogórski. Wydział Ekonomii i Zarządzania
Tematy:
risk management
macroeconomic factors
Vietnam
AGF stock price
GDP growth
inflationary
risk free rate
market interest rate
zarządzanie ryzykiem
czynniki makroekonomiczne
Wietnam
akcje AGF
wzrost PKB
inflacja
rynkowa stopa procentowa
Opis:
AnGiang Fisheries Ex-Import Joint Stock Company (AGF) was established in 2001. Agifish has traditionally been a leader in the fields of production and business activities, scientific research in the field of fingerling production, seafood processing technology and the development of value added products processed from Basa-fish, Tra-fish. Agifish cares about building a spirit of solidarity between leaders, managers and workers striving for the development of the Company. Because we figure out there isa research gap in which many previous studies forgot to explore both internal and external macroeconomic elements and their impacts on stock price of Agifish (AGF), a big Vietnam fisheries firm, in the context Viet Nam and the US economies receive impacts from global economic crisis. With the using of quantitative analysis and statistics, regression OLS, together with qualitative methods including synthesis, comparison and explanatory methods, authors recognize that, in a six factor model, AGF stock price goes up together with effects from increase in GDP growth and lending rate declines. Last but not least, our research model can be expanded to other markets.
Źródło:
Management; 2021, 25, 1; 172--185
1429-9321
2299-193X
Pojawia się w:
Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Determinants of non-performing loans in conventional and Islamic banks: Emerging market evidence
Autorzy:
Khan, Md. Feroz
Ali, Md. Sumon
Hossain, Md. Naiem
Bairagi, Mithun
Powiązania:
https://bibliotekanauki.pl/articles/23943449.pdf
Data publikacji:
2023
Wydawca:
Fundacja Naukowa Instytut Współczesnych Finansów
Tematy:
NPL
Macroeconomic
Bank-specific factors
GMM
Bangladesh
Opis:
This study examines the determinants of non-performing loans (NPLs) among macroeconomic and bank-specific factors for the Islamic and conventional banking sectors in Bangladesh. We implement a dynamic panel data model with a two-stage system GMM for the period 2010-2021. Among the bank-specific factors, this study finds that return on assets, return on equity, bank size, and inefficiency help to reduce NPLs. In contrast, gross loan growth, leverage, and capital adequacy ratios contribute to increasing NPLs. Among macroeconomic determinants, inflation, and GDP growth have a significant negative impact on NPLs. Moreover, unemployment and exchange rates are also found to be significant determinants of NPLs. At the bank level, growth in gross loans reduces NPLs in Islamic banks, while the opposite is true for conventional banks. Our findings have significant implications for depositors and regulators in making appropriate decisions.
Źródło:
Modern Finance; 2023, 1, 1; 56-69
2956-7742
Pojawia się w:
Modern Finance
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Business Environment of Georgia and Ukraine: Approaches to a Comparative Analysis
Autorzy:
Gomółka, Krystyna
Kurmaiev, Petro
Powiązania:
https://bibliotekanauki.pl/articles/2035688.pdf
Data publikacji:
2022-04-29
Wydawca:
Uniwersytet Warszawski. Centrum Europejskie
Tematy:
Business Environment
Entrepreneurship
Democratisation
Market Factors
Infation
Macroeconomic Indicators
Opis:
The formation of a favourable business environment and the intensification of entrepreneurial activity on this basis is one of the priorities of economic policy of governments around the world. The aim of this article is to conduct a comparative analysis of some of the characteristics of the business environment of Georgia and Ukraine. The theoretical basis of the study is the understanding of the business environment as a necessary prerequisite for the implementation of entrepreneurial initiatives in a particular country. In the process of our research, the following methods were used: comparative analysis, generalisation, content analysis, correlation, and regression analysis. The authors studied the business environment of Georgia and Ukraine on the basis of an analysis of the following components; that of general economic, political and legal, financial, and fiscal. The results of the study show that Georgia's business environment is more favourable than Ukraine's. It is noted that between 2011-2020, Georgia made significant progress in the fight against corruption, in simplifying the procedures for starting a business, and bettering access to finance. Both countries are reforming their tax systems towards liberalisation and democratisation, and they declare the functioning of special tax regimes. According to the Paying Taxes indicator, which is calculated within the Doing Business rating, Georgia improved its result from 61st position in the ranking in 2011 to 14th position in 2020, while Ukraine improved its result from 181st place in 2011 to 65th place in 2020. It is indicated that between 2011-2020, Ukraine showed significant positive dynamics in inflation targeting. The authors note that the weakest elements of the business environment in Ukraine are its efforts to ensure the independence of the judiciary and the fight against corruption. In conclusion, the authors note that the policy of the governments of Georgia and Ukraine should be aimed at the further democratisation of relations with businesses in order to increase the level of a favourable business environment.
Źródło:
Studia Europejskie - Studies in European Affairs; 2022, 26, 1; 119-134
1428-149X
2719-3780
Pojawia się w:
Studia Europejskie - Studies in European Affairs
Dostawca treści:
Biblioteka Nauki
Artykuł

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