Hasil untuk "Public finance"

Kofi Nyantakyi Asare

The learning and practice of accounting in recent times has been impacted by digital technologies such as artificial intelligence (AI), blockchain, enterprise resource planning (ERP) systems, cloud platforms, and data analytics. Existing studies have been examined in specific contexts, yet the comprehensive study of their global intellectual structure and links to sustainability is underexplored. The study focuses on conducting a bibliometric analysis of 7,302 Scopus-indexed publications from 2000 to 2024 at the intersection of digital transformation, accounting information systems (AIS), information technology (IT), and sustainable development. VOSviewer was used for network visualization, and Excel was employed for descriptive analysis to track publication trends, leading journals, authors, institutions, and countries and to map co-authorship, co-citation, and keyword co-occurrence networks. The findings show a rise in research output after 2017, motivated by interest in blockchain, AI, and ESG-related reporting. While emerging hubs such as Indonesia and India are gaining prominence, the United States and China dominate global output. The intellectual framework of the discipline is grounded in traditional information systems theories (TAM, TPB, and the IS success model), organizational viewpoints (resource-based perspective), and accounting-specific applications, but contemporary trends include machine learning, blockchain, and sustainability. Progression in the theme shows a shift from studies on ERP and MIS adoption towards advanced analytics, fintech, and the integration of ESG factors. Still, the reliance on the Scopus database and the limitation to English-language publications narrow the scope of the study to ignore publications in languages other than English; therefore, future studies should expand database coverage and integrate bibliometric mapping with systematic content reviews.

احمد محمد احمد محمد مهران الشريف

هدف هذا البحث إلى فحص تأثير أبعاد تجربة التسوق عبر الإنترنت (سهولة الاستخدام المدركة، والخصوصية، والحماية المدركة، وتنوع المنتجات، والتسليم في الوقت المحدد) على كل من ولاء العميل الإلكتروني وحساسية السعر. كما هدف إلى قياس تأثير ولاء العميل الإلكتروني على حساسية السعر بمتاجر التجزئة الإلكترونية في السوق المصري في ظل ظروف التضخم الحالية. وتمثل مجتمع هذا البحث في المتعاملين مع متاجر التجزئة الإلكترونية. وبلغ عدد القوائم القابلة للتحليل 233 مفردة، والتي جُمع بياناتها عن طريق الاستقصاء الإلكتروني. وبذلك تم التوصل إلى أهم المساهمات والتي تتمثل في التأثير الإيجابي والمعنوي والقوي لأبعاد تجربة التسوق عبر الإنترنت على ولاء العميل الإلكتروني. وجاءت الأبعاد مرتبة كما يلي: بُعد "التسليم في الوقت المحدد" في المرتبة الأولى، يليه بُعد "سهولة الاستخدام المدركة" في المرتبة الثانية، ثم بُعد "الحماية المدركة" في المرتبة الثالثة، ويأتي أخيرا في الترتيب الرابع بُعد "تنوع المنتجات"، واتضح عدم معنوية بُعد "الخصوصية". وفي حين تبين التأثير السلبي والمعنوي بوجه متوسط على التوالي لكل من بُعد "سهولة الاستخدام المدركة"، وبُعد "الحماية المدركة"، وبُعد "الخصوصية" على حساسية السعر. إلا أنه اتضح عدم معنوية كل من "تنوع المنتجات" و"التسليم في الوقت المحدد". كما تبين التأثير السلبي والمعنوي بوجه ضعيف لولاء العميل الإلكتروني على حساسية السعر. وهذا أهم ما يميز البحث الحالي. وبناء على هذه النتائج تم وضع عدد من التوصيات لمديري التسويق، ومتاجر التجزئة الالكترونية في السوق المصري في ظل ظروف التضخم الحالية.

Wei Wang, Shengbo Zhang

Abstract The advancement and widespread adoption of digital technology have opened up new avenues for reducing poverty vulnerability among rural households. Drawing on data from the 2020 and 2022 waves of the China Family Panel Studies (CFPS), this study constructs an individual-level digital embeddedness index to assess its effect on the vulnerability to poverty among rural households. The findings suggest that digital embeddedness significantly alleviates poverty vulnerability, with this effect becoming more pronounced as the relative poverty threshold increases. A mechanism analysis further reveals that, in terms of risk shocks, digital embeddedness mitigates their impact by enhancing agricultural income and promoting off-farm employment opportunities. Regarding risk response, digital embeddedness strengthens households’ coping capacity by fostering social capital accumulation and improving access to financial resources. Moreover, the impact of digital embeddedness on poverty vulnerability is heterogeneous across education levels. Households where the head has attained at least a junior high school education experience a more pronounced poverty-alleviating effect. The impact of digital embeddedness also differs by its components: the strongest influence arises from digital productive practice embeddedness, followed by digital lifestyle embeddedness, whereas digital value cognition embeddedness exerts the weakest effect. Based on these findings, the study offers policy recommendations aimed at further alleviating poverty vulnerability among rural households.

Костянтин Завражний, Ірина Сотник, Анжеліка Кулик

This article explores the potential of enterprise digital transformation as a tool for inclusive and sustainable regional development in Ukraine amidst multiple overlapping crises caused by war, socio-economic inequality, environmental challenges, and technological divides. The study begins with a critical analysis of existing digitalization approaches, which, while primarily focused on large corporations, tend to overlook environmental, social, and regional dimensions, as well as the specific needs of small and medium-sized enterprises as key agents in local economies. The main objective of this research is to conceptualize digital transformation within the context of regional SMEs and develop an integrated management model that, unlike existing frameworks, addresses the challenges of post-war recovery while aligning digitalization strategies with sustainable development principles. The study substantiates the necessity of transitioning from fragmented digital initiatives toward a comprehensive approach that combines strategic vision, organizational adaptability, resource availability, process agility, and a culture of innovation. This approach integrates ecological and social priorities into the digital transformation framework, while also reflecting the specificities of a post-crisis economy. Special emphasis is placed on identifying and analyzing the barriers that hinder sustainable digital transformation among regional SMEs. Based on empirical and secondary data, the study identifies critical challenges including limited access to finance, a shortage of digital and «green» skills, resistance to change, lack of institutional support, and underdeveloped digital infrastructure in certain regions. The article highlights the growing digital divide as a key factor exacerbating regional disparities and undermining the inclusivity of the recovery process. These barriers are recognized as interconnected and require coordinated, cross-sectoral responses from government, businesses, academia, and international partners. The practical value of the proposed model lies in its potential to serve as a roadmap for SMEs aiming to implement sustainable digital transformation, as well as a foundation for designing public support policies and guiding international donor programs. The successful realization of digital transformation’s potential calls for coordinated efforts across all stakeholders, including the state, business sector, academic institutions, and civil society. Priority areas for implementation include expanding digital infrastructure, enhancing digital competencies, addressing institutional gaps, and creating an enabling regulatory environment. This research offers a holistic perspective on sustainable digital transformation as a multidisciplinary and multilevel process that merges innovation with the principles of equity, resilience, and equal access. The proposed approaches and findings hold practical relevance for achieving sustainable, inclusive, and regionally balanced development.

عبدالعزيز المطيرى, عبدالعزيز المطيري

وتعتبر الأنشطة اللوجستية أحد الموضوعات الحيوية منذ ثمانينيات القرن العشرين ، وأصبحت الهياكل التنظيمية لكبرى المنظمات تتضمن إدارة اللوجستيك ، وهذا يعد تحولاً نوعيًا في المنظمات من مرحلة عدم الاعتراف وضعف الاهتمام بالإدارة اللوجستية إلى مرحلة الاعتراف بأهمية هذه الإدارة ، بل وأصبحت أحد نماذج الإدارة المتكاملة لأداء مزيد من الأعمال والأنشطة الأساسية مما ساهم مساهمة فعالة في تحقيق مستوى عالمي نسبيًا في ارضاء الزبائن ودعم المركز التنافسي والربحي لهذه المنظمات.وقد قدمت النظريات السياسية والاقتصادية ، تفسيرًا لنمط واتجاه السياسة الخارجية معتمدة على عدد من الافتراضات الأساسية ، من بينها عدم وجود نفقات للنقل وقيود تعريفية وغير تعريفية كمكونات للنفقات اللوجستية ، وتظهر أهمية النفقات اللوجستية من خلال ما أشارت إليه منظمة التعاون الاقتصادي والتنمية OECD ، حيث أوضحت OECD أيضًا الدور المحوري للتكامل الإقليمي للنفقات اللوجستية التي لا تؤثر على التجارب البيئية فحسب ، بل تؤدي إلى الحد من الصراعات بين الدول من خلال الحد من الإنفاق العسكري ، ومن ثم زيادة مستوى رفاهية العالمكما أن العديد من الاقتصاديين وواضعي السياسات الاقتصادية هاجموا شعار النمو الاقتصادي كهدف نهائي للتنمية ، وكمعيار لقياس درجة نجاحها. وأعيد تعريف للتنمية الاقتصادية في منتصف السبعينات لتصحيح (عملية خفض أو القضاء على الفقر وسوء توزيع الدخل والبطالة) ، وذلك من خلال الرفع المستمر لمعدلات النمو الاقتصادي. وباختصار أصبحت التنمية تمثل عدالة توزيع من خلال النمو الاقتصادي ومن ثم فالتنمية هي تلك العملية المتعددة الأبعاد ، والتي تتضمن إجراء تغييرات جذرية في الهياكل الاجتماعية والسلوكية والثقافية والنظم السياسية والإدارية جنبًا إلى جنب ، مع زيادة معدلات النمو الاقتصادي وتحقيق العدالة في توزيع الدخل

Liming Sheng, Leibao Zhang

Rapid urbanization and motorization have generated increasing social and environmental challenges to the urban transport sector in China, such as traffic congestion, car accidents, air pollution, and global warming. Prioritizing the development of urban public transport system has been adopted as a primary strategy by Chinese government. However, the problems caused by large numbers of private cars are still far from being solved, and the ridership of public transport in China is relatively low. Therefore, the current study proposes a new comprehensive framework by enhancing the norm activation model (NAM) and theory of planned behavior (TPB) with the perceived accessibility to public transport, to better understand the determinants for predicting citizens’ choice of public transport as a sustainable travel mode. An online survey concerning travel mode change was conducted among citizens in Hangzhou, China. Based on 341 valid samples, partial least squares structural equation modeling (PLS-SEM) was employed to verify the proposed framework. The analytical results confirm that awareness of consequences and subjective norms are the two key constructs for connecting the two theories as a whole. Further, the examination of intention-behavior relationship shows that perceived accessibility to public transport could strengthen the relationship between behavioral intention and actual behavior in using public transport. The findings not only contribute to the development of pro-environmental theories, but also have meaningful implications for governments to develop relevant policies to encourage citizens to use public transport as a sustainable travel mode.

S. Han, J. Han, Y. Choi et al.

<p>Information and communication technology (ICT) is mainly applied to finance, telecommunications, and public sectors. However, since the early 2010s, there have been efforts to apply ICT to various fields such as aerospace, life science, energy, and automobiles. Recently, artificial intelligence and big data technologies have also been applied in the aerospace field, among others. In the field of aerospace, earth observation attracts the most interest.</p><p>One reason earth observation attracts such interest is that the availability of a satellite constellation allows more frequent observations of objects of interest. Another reason is the improvement of technologies that can process massive satellite images such as data cubes for urban change detection, disaster monitoring, and traffic analysis. When performing earth observation using satellite images, it is necessary to process a large amount of satellite information in real-time and analyze satellite images with artificial intelligence. Such research is continuing in various ways. The field of interest in this study is the processing technology for storing and retrieving large volumes of satellite images. Rasdaman and SciDB were two available open-source software applications.</p><p>In this paper, KIWI-Sat, which processes and analyzes a large amount of satellite imagery, mainly described and also show two KIWI-Sat demos with AI algorithms that are developed for Korean satellite images in KARI, one is super resolution algorithm of K3 and the other is water segmentation algorithm of K5, SAR satellite image.</p>

Shazia Rehman, Shazia Rehman, Shazia Rehman et al.

Objectives: This study aims to investigate the impact of hypertension, diabetes, and high blood cholesterol on increased mortality from cardiovascular diseases such as coronary heart disease, stroke, and pulmonary heart disease in a multi-dimensional way.Methods: The grey relational analysis methodology is adopted to assess the connection between cardiac risk factors and related mortality. The Hurwicz and the Conservative (Min-Max) criterion approach are also utilized to identify the prospective risk factor that contributes the most to increased cardiac mortality.Results: The findings reveal that hypertension has a more grounded relationship with stroke and pulmonary heart disease mortality, whereas high blood cholesterol appears to be the leading contributor to deaths from coronary heart disease. The results based on the Hurwicz and the Min-Max criterion show a robust connection between dyslipidemia, coronary heart disease, and cardiovascular disease mortality.Conclusion: Combating uncontrolled blood cholesterol and blood pressure levels would necessitate a multi-pronged strategy at both the national and local levels. Besides, the suggested methodologies provide a valuable tool and additional practical knowledge for public health policymakers and decision-makers in drawing rational decisions to combat China’s rising CVD burden.

Feride Berna Uymaz

In the context of the increasing poverty rate due to the COVID-19 pandemic, it has become more difficult than ever to access housing opportunities. However, housing is a vital requisite for keeping oneself safe from the infection risk. Increasing poverty can increase homelessness and consequently the transmission of COVID-19. In addition, crowded and unsanitary living conditions can increase COVID-19 infection and death rates. In this article, the problem of housing as a reflection of the injustice in income distribution around the world and the effects of public-based housing policies created to solve this problem are discussed within the context of the historical framework and today’s pandemic conditions. In this context, the article aims to investigate whether it is possible to solve the housing problem through state interventions based on the legal framework, historical background, and country examples. This article concludes that permanent solutions to the housing problem, which is making the necessary housing accessible to individuals through public policies, especially by providing social houses, are in conflict with the profit-oriented general operating logic of the capitalist system.

V. A. Laptev, S. Yu. Chucha, D. R. Feyzrakhmanova

The subject. Digital technologies have been integrated into all aspects of public life, including politics, law, finance, business, education, science, and society. Yet, digitalization exerts an even greater impact on the economy, which should prompt the State, represented by its legislative and executive bodies, to take timely action to ensure the legal regulation of diverse aspects of the digital economy. Digital transformation of the economy has redefined the approaches to the issues of legal capacity, corporate governance and management of business processes. Traditional management mechanisms are no longer competitive, unless used in conjunction with dynamically developing digital technologies.This article explores the issues related to digital legal personality of a corporation (online registration (e-residency) of corporations and the digital footprint that companies leave in public registers), digital corporate governance, and discuss the operation of digital corporations, including networked and decentralized autonomous organizations. The authors distinguish three types of digital corporate governance: remote management (exercised by human individuals), smart management (based on algorithms designed by human engineers), and artificial intelligence (AI) management (that does not require human involvement). Some tools of digital corporation management are illustrated, replacing traditional forms of management of the human cognitive system. Finally, we provide an overview of the operational characteristics of decentralized autonomous organizations.Purpose of the research. This article is devoted to the transformation of management tools for modern corporations in the digital economy. In order to comply with the Russian corporate legislation of the existing digital reality, it is necessary to develop a comprehensive scientific and legal concept of corporate governance, ensuring the balance and protection of the rights and legitimate interests of all participants in corporate relations and others related to corporate relations, as well as increasing the transparency and efficiency of corporations.Methodology. The methodology of this study was based on the following methods of scientific knowledge: general scientific empirical methods (observation (over the course of development of the use of digital technologies in corporate law), comparison (of the effectiveness of the use of digital technologies in corporate law of different countries)); methods of theoretical knowledge (analysis (of advantages and disadvantages of digitalization of individual institutions of corporate law), formal legal method (in the formulation and research of various concepts, determination of their characteristics and classification), theoretical modeling (of the prospects and areas of possible application of digital technologies in corporate law).The main results. Digitalization of corporate management is bound to increase business profitability and improve competitiveness on the market. We believe that in the coming years science will have to tackle the issues of assessing the implications of the introduction of digital technologies, determining technical, economic and legal prerequisites for their implementation, and identifying their limits. In addition, issues related to professional training / retraining of personnel capable of working with modern technologies are of importance.Conclusions. The authors came to the conclusion that the main direction of improving corporate legislation in the context of digitalization is currently the creation and provision of conditions for effective interaction between corporate actors and persons directly associated with them in the digital environment.

Joseph Gyourko, Joseph S. Tracy

Wahyu Setyorini, Ana Raudlatul Jannah, Uci Wulansari et al.

The development of information technology encourages the emergence of various online transaction activities, one of which is online trading transactions through the marketplace. Currently, Indonesia has the largest Muslim population, which is 87% of the total population who also takes part in buying and selling activities and online transactions. Muslim awareness and interest in halal products is increasing, but there is a need of understanding regarding transactions according to Sharia. The purpose of this study: to analyse the potential and challenges of the halal marketplace in Indonesia using a literature study research method. The results of this study indicate that in Indonesia the halal marketplace has a large market potential and is an innovation in the development of the existing marketplace. Besides this potential, the halal marketplace also has challenges in its development, including the low level of Islamic economic literacy among the public, low inclusion of Islamic finance, and the lack of utilization of the halal marketplace platform by halal MSMEs. It is hoped that these potentials and challenges can become views in determining and developing policies.

Korneev Volodymyr V., Khaustova Viktoriia Ye., Khodzhaian Alina O.

The economic results of the development of Muslim countries have raised the question of the existence of an increasingly focused Islamic financial and tax model. Taxes in the Islamic economic model provide an implicit link in the relations between the state and individuals, thus determining the limits of conditioned freedom and mutual obligations. The article is aimed at identifying the indicative features of progressive taxation of individual income in some Islamic countries. The research results show that Islamic countries are characterized by the unity of religion (faith) and such elements of the social system as the organization of power, as well as family, economic and other relations. The boundaries of the personal and the public, the individual and the national are transparent and strictly regulated. The peculiarities of the Tax Institute in Muslim countries, terms of taxation and tax usage rules are considered. It is proven that nowadays approaches to taxation in Islamic countries are diverse. It is determined that progressive taxation of individual income is widely used in Turkey, Pakistan, Tunisia, Indonesia, Nigeria, and other countries, and partly in Saudi Arabia; "tax heavens" are typical for the UAE, Kuwait, Qatar, Bahrain, and Omani; proportional taxation is still used in Malaysia, Sudan, and Kazakhstan. The main types of taxes in Muslim countries are analyzed, their evolution is studied. Modern foci of progressive taxation of individual incomes in specific Muslim countries are revealed. The advantages of the Islamic financial model in terms of tax policy modernization and compliance with tax discipline, unconditional fulfillment of obligations and concluded agreements are identified. It is substantiated that using some elements of the progressive tax scale applied in the practice of Islamic finance can prove useful in a number of areas, providing budgetary and social balance in the "corridor of opportunities", bringing mutual responsibility of citizens and the state in fulfilling obligations, creating an annuity and mutually beneficial economic behavior pattern. It is proved that the progressive tax withdrawal of a part of large incomes will give a restrictive and restraining result of control over their redistribution in the public interest, as the socio-economic behavior of individuals, their powers and responsibilities must be balanced.

Mengmeng Zhai, Wenhan Li, Ping Tie et al.

Abstract Background Brucellosis is a major public health problem that seriously affects developing countries and could cause significant economic losses to the livestock industry and great harm to human health. Reasonable prediction of the incidence is of great significance in controlling brucellosis and taking preventive measures. Methods Our human brucellosis incidence data were extracted from Shanxi Provincial Center for Disease Control and Prevention. We used seasonal-trend decomposition using Loess (STL) and monthplot to analyse the seasonal characteristics of human brucellosis in Shanxi Province from 2007 to 2017. The autoregressive integrated moving average (ARIMA) model, a combined model of ARIMA and the back propagation neural network (ARIMA-BPNN), and a combined model of ARIMA and the Elman recurrent neural network (ARIMA-ERNN) were established separately to make predictions and identify the best model. Additionally, the mean squared error (MAE), mean absolute error (MSE) and mean absolute percentage error (MAPE) were used to evaluate the performance of the model. Results We observed that the time series of human brucellosis in Shanxi Province increased from 2007 to 2014 but decreased from 2015 to 2017. It had obvious seasonal characteristics, with the peak lasting from March to July every year. The best fitting and prediction effect was the ARIMA-ERNN model. Compared with those of the ARIMA model, the MAE, MSE and MAPE of the ARIMA-ERNN model decreased by 18.65, 31.48 and 64.35%, respectively, in fitting performance; in terms of prediction performance, the MAE, MSE and MAPE decreased by 60.19, 75.30 and 64.35%, respectively. Second, compared with those of ARIMA-BPNN, the MAE, MSE and MAPE of ARIMA-ERNN decreased by 9.60, 15.73 and 11.58%, respectively, in fitting performance; in terms of prediction performance, the MAE, MSE and MAPE decreased by 31.63, 45.79 and 29.59%, respectively. Conclusions The time series of human brucellosis in Shanxi Province from 2007 to 2017 showed obvious seasonal characteristics. The fitting and prediction performances of the ARIMA-ERNN model were better than those of the ARIMA-BPNN and ARIMA models. This will provide some theoretical support for the prediction of infectious diseases and will be beneficial to public health decision making.

Matthias Honegger, Matthias Honegger, Matthias Honegger et al.

Carbon dioxide removal (CDR) poses a significant and complex public policy challenge in the long-term. Presently treated as a marginal aspect of climate policy, addressing CDR as a public good is quickly becoming essential for limiting warming to well below 2 or 1.5°C by achieving net-zero emissions in time – including by mobilization of public and private finance. In this policy and practice review, we develop six functions jointly needed for policy mixes mobilizing CDR in a manner compatible with the Paris Agreement's objectives. We discuss the emerging CDR financing efforts in light of these functions, and we chart a path to a meaningful long-term structuring of policies and financing instruments. CDR characteristics point to the need for up-front capital, continuous funding for scaling, and long-term operating funding streams, as well as differentiation based on permanence of storage and should influence the design of policy instruments. Transparency and early public deliberation are essential for charting a politically stable course of action on CDR, while specific policy designs are being developed in a way that ensures effectiveness, prevents rent-seeking at public expense, and allows for iterative course corrections. We propose a stepwise approach whereby various CDR approaches initially need differentiated treatment based on their differing maturity and cost through R&amp;D pilot activity subsidies. In the longer term, CDR increasingly ought to be funded through mitigation results-oriented financing and included in broader policy instruments. We conclude that CDR needs to become a regularly-provided public service like public waste management has become over the last century.

Ildikó Wieland, Levente Kovács, Taras Savchenko

The article is devoted to the research of theoretical principles of development of such components of the financial market as the money market and the capital market, identification of key differences between them on the basis of the analysis of scientific professional literature and key provisions of the legislative framework, substantiation of the general interpretation of their essence that could be used in international practice. The article analyzes the peculiarities of formation and functioning of each type of markets, traditional differences between them, examines international practice and statistics on the use of these terms by economic agents, defines the legal basis for understanding their essence and the legal basis for the delineation of these two types of markets. It is proved that a thorough analysis of the peculiarities of the functioning of individual markets, the frequency and popularity of the use of their definitions in economic practice, the definition of users of these types of markets and their functions, form the prerequisites for clarifying the definitions of the essence of each of these markets, with their further global harmonization. The result of the research is the authors’ own interpretations of the concepts of “money market” and “capital market”. The money market offers an understanding of the transaction system for the purchase and sale of liquid cash or other short-term financial assets, which typically include short-term financial liabilities (up to one year), the purpose of which is usually to provide financing for current operations, short-term profit or financial risk management in the short-term. The capital market is defined in the article as a system of transactions for the purchase and sale of financial assets, which include securities, derivatives or financial transactions, which usually involve long-term financial liabilities, the purpose of which is to satisfy capital requirements or increase capital.

Vira Vartsaba, Olha Zaslavska

The article considers the issues of development of the financial technology market, its opportunities and obstacles, as well as the need and inevitability of the in-troduction of fintech solutions in the financial and credit spheres. The main purpose of the research is to determine the role of fintech services in the state economy, the prospects for their development, as well as to substantiate the trends of adaptation of classical credit institutions and consumers of financial services to new financial tech-nologies at different stages of their development. Systematization of literature sources and approaches to solving the problem of intensifying activities in the field of innovative finance has shown that fintech is a specific cross-sectoral industry, which lies on the border of financial and IT spheres, consists of companies that use technology to improve the efficiency of financial services and encompasses digital innovations and programs that facilitate the creation and implementation of financial products. The urgency of solving this scientific problem is that the market of finan-cial technologies is one of the fastest growing. That is why it highlights the need for traditional financial institutions to digitize their activities through a radical change in the business model in order to strengthen competitive positions and provide strategic advantages. The research of the implementation of financial technologies in the article is carried out in the following logical sequence: systematization of stages of development of the fintech industry; assessment of the development of the fintech sphere in Ukraine in the context of the transition to the stage of integration with the banking system; study of the strengths and weaknesses of domestic banks and fintech companies, outlining obstacles and necessary changes for further digitization of the financial and credit system; research of the process of implementation of fintech services on the example of the technology life cycle model; assessment of the relationship between the level of financial and digital literacy of the population and the depth of promotion of innovative fintech products; identifying ways to increase the financial and digital inclusion of the population of Ukraine. Methods of the empirical, experimental and theoretical levels became the methodological tools of the conducted research. The results were evaluated and analyzed on the basis of surveys conducted in 2017-2019 by the Ukrainian Association of Fintech and Innovative Companies, the Ministry of Digital Transformation of Ukraine, the Ukrainian division of the British audit and consulting company Ernst & Young, and the US Agency for International Development. The article presents the results of an empirical analysis of the relations and interdependence of classical and innovative financial institutions, which showed the inevitability of the processes of digitization of financial services. The study em-pirically confirms and theoretically proves that the favorable development of the fintech industry is based on the following: the level of public awareness in the field of finance and information technology; the level of innovative development of financial institutions and the degree of penetration of the fintech companies in the financial market of the country; completeness of the legal framework.

Erico Wulf Betancourt

La interacción entre el medio ambiente, el crecimiento y el desarrollo económico, ha sido un tema de interés creciente para la investigación académica. El presente artículo, propone un modelo teórico de decisión endógena de la eficiencia en la empresa, para comprender la interrelación entre energía, producción, y crecimiento. Se revisan la literatura y la evidencia empírica de las variables consideradas. Se asume que agentes económicos motivados por la maximización de sus utilidades y beneficios, toman decisiones de gestión desde una función CES, para lograr un mix eficiente de producción. El modelo propuesto y la hipótesis de maximización de la utilidad derivada del capital humano, se ajusta con la evidencia de las economías del sudeste asiático (1950-1990).Más investigación es necesaria, acerca de la función de gestión de producción CES, y la relación entre energía y crecimiento. Una limitación, es la carencia de un formato inclusivo de las variables macro y microeconómicas, que influyen el crecimiento económico.Finalmente, la omisión del rol de la gestión, tiene un impacto sesgado en las recomendaciones de política respecto de la interacción energía - crecimiento.Palabras claves: Racionalidad acotada, Globalización, Capital Humano, Organización de la empresa, gestión, crecimiento económico.

Mohamed TORRA, Aomar Bouslihim

Les engagements pris dans le cadre de l’accord de Paris sur le climat exigent de mobiliser des ressources sans précédent. Selon la Banque mondiale, les marchés financiers s’imposent comme une source de financement dont disposent les acteurs des secteurs public et privé soucieux de soutenir l’investissement socialement responsable (ISR). De ce fait, les approches de la finance comportementale cherchent de nouveaux mécanismes pour s’orienter vers le financement de l’ISR. Il s’agit d’abord, de faire un état des lieux expliquant l’intérêt et le rôle de l’ISR dans le développement durable pour résoudre les problématiques de la transition écologique et énergétique. Dans un nouveau cadre conceptuel, les concepts « transition écologique », « ISR », « projet vert », « finance verte » et « obligation verte » permettent de construire un cadre d’analyse pour expliquer le rôle de la finance verte dans le financement des projets verts. Dans ce présent travail, nous avons constaté que les décisions de l’ISR sont basées sur des critères sociaux, environnementaux, comportementaux et gouvernance (ESG) plutôt que sur le rendement et la rentabilité des approches traditionnelles de la finance. L’ISR et la finance verte constituent un nouveau vecteur de développement durable et par conséquent permettent de  réussir la transition écologique et énergétique. En ce qui concerne le cas du Maroc, il n’est pas jusqu’à présent en retard car il a accompli des efforts dans le financement des projets de développement durable tels que des énergies renouvelables propre. Cependant, les difficultés de financement persistent et que tous les acteurs publics et privés doivent participer au développement de l’ISR pour réussir la transition écologique et sauvegarder notre planète.

Lena Grzesiak

Z chwilą, gdy pojawiła się działalność gospodarcza, pojawiła się chęć oszukiwania i naginania rzeczywistości w imię własnej korzyści (łac. pro bono sua). Artykuł jest próbą uporządkowania panującego chaosu terminologicznego wokół pojęcia nadużyć (ang. fraud) w przedsiębiorstwach prywatnych poprzez traktowanie nadużyć jako pojęcia parasolowego. Sugestia ta została wysunięta w ramach pracy magisterskiej obronionej w 2015 roku w Katedrze Finansów i Rachunkowości MŚP UŁ. Promotorem była dr A. Skoczylas-Tworek. Zastosowana przeze mnie metoda badawcza to krytyczna analiza obecnego piśmiennictwa.