The consistent evolution of technology around the world creates new production tools and opportun... more The consistent evolution of technology around the world creates new production tools and opportunities for different economic agents. As a result, new economic structures are emerging as a result of industrial revolutions. Today, the digital economy is seen as the backbone of the fourth industrial revolution, as there is a clear shift in the underlying technology and signs of a technological and economic paradigm shift. The current stage of the industrial revolution is associated with the Internet communication technologies development, which has significantly changed the technology of business processes and has been called "digitalisation". Thus, the fourth industrial revolution and the third wave of globalisation are based on the digital economy. The article explores trends in the development of the Ukrainian economy under the influence of ubiquitous digitalisation. Digital transformation changes traditional business models of organisations, allowing them to occupy profi...
The article reveals the matters of current interest as institutialization of the financial sector... more The article reveals the matters of current interest as institutialization of the financial sector from the point of view of the institutional paradigm, where terminology continues to evolve, reflecting the process of economic thought development. The purpose of the article is to determine the difference between institutialization and institutionalization, to obtain own perception of the institutialization of the financial sector, its stages and criteria. The article is based on general scientific methods of cognition: scientific abstraction, analysis and synthesis, functional and system analysis, induction and deduction, as well as the method of logical generalization. The interpretation of institutialization varies depending on the theoretical basis applied for the analysis of its issues and depends mainly on the approaches related to the research matter solution. Researchers may understand the institution in different ways (like norms, rules, organizations, institutions, a sustain...
The article highlights the advanced models of corporative social responsibility in the system of ... more The article highlights the advanced models of corporative social responsibility in the system of international entrepreneurial activity through the perspective of their structure and peculiarities of use within the framework of world business. We have determined theoretical approaches regarding the hierarchy of the corporate social responsibility constituents of entrepreneurial structures, which, in contrast to existing ones, include the consideration of the subject, from the position of which the system of manifestation of socially responsible activity is viewed; the entrepreneurs and the and society, in general, are regarded as subjects. The components of corporate social responsibility in the area of world business was identified as a totality of ecological, social, labor, and economic responsibility, which ensures a complex approach to building and application of corporative principles in business and consider the interest of various related parties. We formed a subsystem on man...
Proceedings of the 1st International Scientific Conference "Legal Regulation of the Digital Economy and Digital Relations: Problems and Prospects of Development" (LARDER 2020), 2021
The article presents the main results of scientific research of representatives of three scientif... more The article presents the main results of scientific research of representatives of three scientific schools in Ukraine, in particular Zaporizhzhia National University, Donetsk State University of Management, Azov maritime institute National University "Odesa Maritime Academy", which allowed to study the processes taking place in the digitalization of Ukraine's economic and business system from different perspectives. The authors have conducted a retrospective analysis of the formation of conceptual and categorical tools for the data collection digitization, processing, and storage of databases, analyzing the results, and diagnosing prospects for multilevel production systems' economic and business activity in the long run.
CHERKASY UNIVERSITY BULLETIN: ECONOMICS SCIENCES, 2020
The main approaches to optimizing the competitive advantages of economic entities in Ukraine in t... more The main approaches to optimizing the competitive advantages of economic entities in Ukraine in terms of implementing the main provisions of the sustainable development concept, taking into account the criterion of environmental efficiency of these processes have been considered. The criterion of eco-efficiency has been recognized as a key one both at the present stage of formation and development of the domestic market of environmentally-friendly commodities and in the long run. The dynamics and main directions of the processes of the greening the functioning of economic entities by industry have been studied. The mechanism for elaborating the strategy of economic entities development for the production and sale of environmentally-friendly commodities (provision of relevant services), a procedure and algorithm for certification of economic entities by the criterion of environmental efficiency of domestic production systems in accordance with international standards have been conceived.
In the authors' previous studies of the state phenomenon with the status of "weak state&... more In the authors' previous studies of the state phenomenon with the status of "weak state" and signs of this type of political system, Ukraine was considered a vivid example of a state of this type. However, since the beginning of Russian military intervention in Ukraine on February 24, 2022, we have witnessed the rapid transition of the Ukrainian state and political system from weak state status to a powerful one. In this study, the authors consider differences in the definitions of "powerful" and "strong" states and prove that Ukraine, having left the ranks of weak states, has not yet acquired the status of a strong state, but has the signs of a powerful one. It is also noted that the conditions and terms of such a transit of the state and political system are unique. In the authors' opinion, three main requisites of the fast transit of Ukraine to the status of a powerful state have been substantiated: the presence of a strong political leader a...
The main approaches to optimizing the competitive advantages of economic entities of Ukraine in t... more The main approaches to optimizing the competitive advantages of economic entities of Ukraine in the context of the implementation of the main provisions of the concept of sustainable development, taking into account the criterion of environmental efficiency, are considered. Producers of environmental innovations should take into account the impact of environmental pressures and negative environmental impacts when assessing their chances of market success. There are radical environmental innovations that have no direct analogues. For this type of innovation in the analysis of demand and assessment of market prospects are advised to consider the following factors: a critical consumer of capital, critical suitability of the product, the critical minimum level of income, the critical level of risk, and the critical amount of free time consumer. The speed of overcoming these barriers affects the time required to introduce environmental innovations to the market, start generating demand, ...
The consistent evolution of technology around the world creates new production tools and opportun... more The consistent evolution of technology around the world creates new production tools and opportunities for different economic agents. As a result, new economic structures are emerging as a result of industrial revolutions. Today, the digital economy is seen as the backbone of the fourth industrial revolution, as there is a clear shift in the underlying technology and signs of a technological and economic paradigm shift. The current stage of the industrial revolution is associated with the Internet communication technologies development, which has significantly changed the technology of business processes and has been called "digitalisation". Thus, the fourth industrial revolution and the third wave of globalisation are based on the digital economy. The article explores trends in the development of the Ukrainian economy under the influence of ubiquitous digitalisation. Digital transformation changes traditional business models of organisations, allowing them to occupy profi...
The article reveals the matters of current interest as institutialization of the financial sector... more The article reveals the matters of current interest as institutialization of the financial sector from the point of view of the institutional paradigm, where terminology continues to evolve, reflecting the process of economic thought development. The purpose of the article is to determine the difference between institutialization and institutionalization, to obtain own perception of the institutialization of the financial sector, its stages and criteria. The article is based on general scientific methods of cognition: scientific abstraction, analysis and synthesis, functional and system analysis, induction and deduction, as well as the method of logical generalization. The interpretation of institutialization varies depending on the theoretical basis applied for the analysis of its issues and depends mainly on the approaches related to the research matter solution. Researchers may understand the institution in different ways (like norms, rules, organizations, institutions, a sustain...
The article highlights the advanced models of corporative social responsibility in the system of ... more The article highlights the advanced models of corporative social responsibility in the system of international entrepreneurial activity through the perspective of their structure and peculiarities of use within the framework of world business. We have determined theoretical approaches regarding the hierarchy of the corporate social responsibility constituents of entrepreneurial structures, which, in contrast to existing ones, include the consideration of the subject, from the position of which the system of manifestation of socially responsible activity is viewed; the entrepreneurs and the and society, in general, are regarded as subjects. The components of corporate social responsibility in the area of world business was identified as a totality of ecological, social, labor, and economic responsibility, which ensures a complex approach to building and application of corporative principles in business and consider the interest of various related parties. We formed a subsystem on man...
Proceedings of the 1st International Scientific Conference "Legal Regulation of the Digital Economy and Digital Relations: Problems and Prospects of Development" (LARDER 2020), 2021
The article presents the main results of scientific research of representatives of three scientif... more The article presents the main results of scientific research of representatives of three scientific schools in Ukraine, in particular Zaporizhzhia National University, Donetsk State University of Management, Azov maritime institute National University "Odesa Maritime Academy", which allowed to study the processes taking place in the digitalization of Ukraine's economic and business system from different perspectives. The authors have conducted a retrospective analysis of the formation of conceptual and categorical tools for the data collection digitization, processing, and storage of databases, analyzing the results, and diagnosing prospects for multilevel production systems' economic and business activity in the long run.
CHERKASY UNIVERSITY BULLETIN: ECONOMICS SCIENCES, 2020
The main approaches to optimizing the competitive advantages of economic entities in Ukraine in t... more The main approaches to optimizing the competitive advantages of economic entities in Ukraine in terms of implementing the main provisions of the sustainable development concept, taking into account the criterion of environmental efficiency of these processes have been considered. The criterion of eco-efficiency has been recognized as a key one both at the present stage of formation and development of the domestic market of environmentally-friendly commodities and in the long run. The dynamics and main directions of the processes of the greening the functioning of economic entities by industry have been studied. The mechanism for elaborating the strategy of economic entities development for the production and sale of environmentally-friendly commodities (provision of relevant services), a procedure and algorithm for certification of economic entities by the criterion of environmental efficiency of domestic production systems in accordance with international standards have been conceived.
In the authors' previous studies of the state phenomenon with the status of "weak state&... more In the authors' previous studies of the state phenomenon with the status of "weak state" and signs of this type of political system, Ukraine was considered a vivid example of a state of this type. However, since the beginning of Russian military intervention in Ukraine on February 24, 2022, we have witnessed the rapid transition of the Ukrainian state and political system from weak state status to a powerful one. In this study, the authors consider differences in the definitions of "powerful" and "strong" states and prove that Ukraine, having left the ranks of weak states, has not yet acquired the status of a strong state, but has the signs of a powerful one. It is also noted that the conditions and terms of such a transit of the state and political system are unique. In the authors' opinion, three main requisites of the fast transit of Ukraine to the status of a powerful state have been substantiated: the presence of a strong political leader a...
The main approaches to optimizing the competitive advantages of economic entities of Ukraine in t... more The main approaches to optimizing the competitive advantages of economic entities of Ukraine in the context of the implementation of the main provisions of the concept of sustainable development, taking into account the criterion of environmental efficiency, are considered. Producers of environmental innovations should take into account the impact of environmental pressures and negative environmental impacts when assessing their chances of market success. There are radical environmental innovations that have no direct analogues. For this type of innovation in the analysis of demand and assessment of market prospects are advised to consider the following factors: a critical consumer of capital, critical suitability of the product, the critical minimum level of income, the critical level of risk, and the critical amount of free time consumer. The speed of overcoming these barriers affects the time required to introduce environmental innovations to the market, start generating demand, ...
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