This article analyses the evolution, structure, and dynamics of the academic literature on green finance in the
context of climate change, using a bibliometric approach applied to publications indexed in the Web of Science – Core
Collection for the period 2001–2025. The methodology is based on descriptive and relational bibliometric indicators,
including the analysis of scientific production, sources, authors’ impact, co-authorship networks, and keyword co
occurrence, complemented by thematic maps and temporal analyses of emerging themes, conducted using the
Bibliometrix package within the R environment. The results highlight an accelerated growth of academic interest after
2016, with a concentration of publications in economics and finance journals such as Energy Economics, Finance
Research Letters, and International Review of Financial Analysis, as well as a polycentric structure of international
collaborations dominated by East Asia and Europe. The conceptual analysis reveals three major thematic clusters: the
performance and impact of green investments, energy transition and sustainable economic growth, and systemic risks
and financial stability. The emergence of themes such as financial digitalisation, fintech, and artificial intelligence
indicates recent directions of research diversification. The article contributes by providing a systematic mapping of a
rapidly maturing field and by identifying epistemic gaps, highlighting the need to expand comparative studies,
interdisciplinary approaches, and analyses of green finance in emerging and transition economies.
Commercial geography. Economic geography, Economics as a science
The instability of economic processes fuels the inconsistency of the revenue flow to the budget system. In order to overcome the cyclical nature of the budget process, which depends on cyclical fluctuations of economic conditions, fiscal rules are actively applied worldwide. The purpose of the study is to assess the countercyclical effect of the budget rules in force in Russia. The theory of economic cycles constitutes the methodological basis of the research. The paper employs structural, logical and comparative analysis, elaboration, scientific generalisation, and correlation analysis. The evidence is the data obtained from the Federal State Statistics Service of Russia for 2000–2023. The paper examines business cycles in Russia, as well as the cycles of revenues and expenditures of the consolidated budget, the cycles of formation and use of Russian sovereign wealth funds over the indicated period. The correlation analysis found that the revenues of the consolidated budget of Russia are procyclical with the correlation coefficient of the budget revenues and GDP growth rates equal to 0.8029. The procyclical nature of the budget expenditures has decreased due to the fiscal rules applied since 2004 with the correlation coefficient of the budget expenditures and GDP growth rates amounting to 0.5223. However, the procyclical nature of budget expenditures has not been overcome completely. Among them only the procyclical nature of healthcare expenditures has been reduced, while budget expenditures on education and housing and utilities keep on being significantly and to a greater extent dependent on the fluctuations of economic conditions. The paper proposes invoking the principle of fixed expenditures when applying budget rules, which assumes avoiding a decrease in budget expenditures compared to the previous year, calculated at comparable prices.
Статтю присвячено дослідженню впливу цифрових інновацій на розвиток маркетингових стратегій українських компаній, що є важливим аспектом сучасного бізнес-середовища. Актуальність теми зумовлена необхідністю адаптації українських компаній до швидких змін у цифровому середовищі, де інноваційні технології стають важливими інструментами ефективної реалізації маркетингових стратегій. Результати дослідження свідчать, що цифрові технології є вагомим елементом трансформації бізнес-процесів. Наголошено на важливості впровадження персоналізованих рішень для клієнтів, що є одним з основних напрямів у сфері маркетингу. У висновках підсумовано, що сучасні технології, зокрема цифрові інновації, значно змінюють підходи до розроблення та реалізації маркетингових стратегій українських компаній, що дозволяє підвищити їхню ефективність і зміцнити позиції на ринку, сприяючи сталому розвитку та досягненню успіху в цифровому середовищі.
В умовах воєнної невизначеності та економічної дестабілізації особливої актуальності набувають питання ефективного фінансового забезпечення діяльності підприємств як ключового чинника їх стійкості та відновлення. Визначальним є пошук нових інструментів мобілізації фінансових ресурсів, що сприятимуть післявоєнному розвитку економіки України. Метою статті є поглиблення теоретичних засад і узагальнення практичних аспектів фінансового забезпечення функціонування та розвитку підприємств України з урахуванням впливу воєнних ризиків і нестабільності зовнішнього середовища. У роботі використано комплексний науковий підхід, що поєднує теоретичне узагальнення, системний, порівняльний, структурно-динамічний аналіз. Дослідження базується на статистичних даних за 2013–2024 рр., що дало змогу простежити трансформації у складі джерел фінансування підприємств та оцінити ефективність механізмів фінансового забезпечення. Теоретичне значення роботи полягає у систематизації наукових підходів до визначення сутності поняття «фінансове забезпечення підприємства» та запропоновано власне трактування даної категорії як інтегрованої системи організаційно-економічних, правових, фінансово-управлінських і контрольно-аналітичних механізмів. У ході дослідження здійснено оцінювання структури джерел фінансування підприємств України; виявлено домінування короткострокових зобов’язань і недостатність власних та довгострокових ресурсів. Охарактеризовано трансформацію механізму фінансового забезпечення в умовах війни; систематизовано джерела фінансування у довоєнний, воєнний і повоєнний періоди. Обґрунтовано стратегічні напрями підвищення ефективності фінансового забезпечення діяльності суб’єктів господарювання. Оригінальність дослідження визначається інтеграцією макро- і мікрорівневих аспектів фінансового забезпечення та розробленням адаптивного механізму, що враховує особливості воєнної економіки. Практична цінність полягає у можливості використання запропонованих рекомендацій при формуванні фінансових стратегій підприємств. Подальші дослідження доцільно зосередити на кількісному моделюванні впливу державних і міжнародних джерел фінансування на економічне відновлення підприємств.
Economics as a science, Business records management
Ion Popa, Sorina-Geanina Stănescu, Anișoara Duică
et al.
The food industry faces complex challenges in managing supply chains, significantly
affecting operational performance and costs. This paper explores the critical factors
influencing the efficiency of food supply chains, such as product perishability, seasonality,
climate change, and high logistics costs. The study uses an applied approach based on
modelling a cost function that integrates the main components of supply chain expenses —
procurement, transportation, warehousing, production and distribution — and how they are
affected by industry-specific challenges. The proposed cost function allows for assessing the
impact of these variables on total costs and identifying critical areas for optimisation. The
results obtained demonstrate that monitoring logistical conditions, adjusting stocks based on
seasonal forecasts and optimising transport routes are essential measures to reduce losses and
increase the competitiveness of companies in the food industry. The study's applied impact
consists of providing a practical cost optimisation tool applicable to manufacturers and
distributors. The conclusions emphasise the importance of an integrated approach to risk and
cost management in the food industry, providing recommendations for sustainable practices
and strategies to increase long-term competitiveness.
Nadya Carissa Fernanda Putri, Nabila Kharimah Vedy
This study aims to examine the effects of service quality, customer perceived value, and trust on customer satisfaction, while also analyzing the meditating role of trust. Consumer shopping behavior has shifted alongside the growth of internet usage, leading to the rapid development of online food delivery (OFD) services. Online food delivery enables customers to conveniently order meals online and receive delivery directly to their address. In this highly competitive business environment, understanding the determinants of customer satisfaction is crucial. This study aims to examine service quality, customer perceived value, and trust in relation to customer satisfaction, both directly and to investigate the role of trust as a mediator. A quantitative research design was adopted and analyzed using PLS-SEM with the SmartPLS software. Data were collected through an online survey of 175 ShopeeFood users. The results reveal that service quality, customer perceived value, and trust significantly and positively influence customer satisfaction. Furthermore, trust is confirmed as a significant mediator in the relationship between service quality and customer perceived value toward customer satisfaction.
This study aims to analyze the effects of capital intensity, audit quality, thin capitalization, and gender diversity on tax aggressiveness in state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) from 2020 to 2023. This research adopts a quantitative approach with an associative method, and the sample is selected using purposive sampling based on criteria such as SOEs listed on IDX, financial reports expressed in Indonesian Rupiah, and excluding the banking sector. The dependent variable is tax aggressiveness, measured using the Effective Tax Rate (ETR), while the independent variables are capital intensity, audit quality, thin capitalization, and gender diversity. Data analysis is performed using multiple linear regression and classical assumption tests to ensure the validity of the regression model. The findings indicate that capital intensity, audit quality, thin capitalization, and gender diversity significantly affect tax aggressiveness. This research has limitations, such as the restriction to SOEs and a three-year observation period. Future research is suggested to expand the scope by using the IDX-IC classification and extending the study period, as well as considering additional variables such as firm size and ownership structure.
This study investigates whether earnings quality affects to asymmetric cost behavior, i.e., sticky cost of listed firms of Jakarta Stock Exchange (JKSE). This study analyzes 1032 year-firms observations during 2012-2019 periods. This study investigates earnings quality on listed firms of JKSE during the period of IFRS adoption in 2012 and implementation of sustainability reporting voluntarily. This study finds that earnings quality influence to cost stickiness is supported. However, earnings quality negatively influences cost stickiness. The result of this study indicates that there is likely the effect of IFRS adoption in 2012 and implementation of sustainability reporting voluntarily since 2010 from listed firms on the JKSE on its earnings quality. This result is consistent with study of Banker, Basu, Byzalov, &Chen (2016). So higher earnings quality, lower cost stickiness. This study contributes theoretically to the literature on financial accounting, management accounting and cost management related to the topic of asymmetric cost behavior on earnings characteristics. This research also contributes practically to the ability of earnings quality in listed firms of the JKSE to reflect information on their financial performance related to the earnings quality by investors and financial analysts.
The victorious spirit, which predominates in all the provinces of the United States of
America, penetrates the scale of values in rise concerning the real G.D.P. The symbiosis of
the progresses witnessed by the American nation along of the time, as a result of the
management organized in “American smart style”, have reflection in the values regarding
the real G.D.P. of the United States of America. The aim of this original research pursues to
display the permanent increase regarding the real G.D.P. of the United States of America,
between 2021-2030
The current article presents the influence of critical thinking on the students’ development. The research has been applied in two forms: secondary analysis and primary research, based on survey. Secondary research analyses the evolution of the number of high school students and school units at regional, county and city level.
The primary research was performed using the quantitative method; the survey was applied to 102 students from senior high school level. The questionnaire was implemented during the period May - June 2019 in Râmnicu Sărat, Buzău county, Romania. The quantitative research was chosen due to its fulfilment of the objectives of data collection regarding a problem of general interest.
K. A. Grigorian, A. I. Volchkov, V. P. Dyganov
et al.
Objective: to assess the compliance of traditional approaches to IT projects legal maintenance with the modern methods of organizing the process of digital products development, to identify the existing problems in this area and suggest possible ways to resolve them. Methods: the research used the logical method and the method of analyzing judicial practice, the inductive method, the method of comparison, and the method of scientific abstraction. Results: digitalization facilitated the development of the services market for IT projects and their maintenance. Legal maintenance of such projects often faces a significant discrepancy between the positions of the customer and the contractor, especially when part of the project is accomplished. Based on the analysis of judicial practice of IT projects using the Agile methodology, the most significant and problematic legal aspects of implementation were identified, and conflict situations between customers and performers of IT projects were analyzed.Scientific novelty: five key problems of IT projects legal maintenance that use flexible management methods are identified. A universal model for implementing legal functions in Agile projects is proposed.Practical significance: the proposed scheme of legal maintenance of IT projects can be used to regulate the legal relationships of their participants and may help to reduce the conflict level and speed up the process of digital products development using the Agile methodology.
Economics as a science, Law in general. Comparative and uniform law. Jurisprudence
Проведено аналіз стану банківського кредитування реального сектору. Оцінено масштаби обсягів кредитів для фінансування суб’єктів реальної економіки. З метою визначення впливу банківського кредитування на стан реальної економіки встановлено залежність між обсягом кредитів, наданими банками в економіку країни, активами банківської галузі та основним макроекономічним показником – ВВП. Проведено факторний аналіз впливу кредитоутворюючих чинників на стан розвитку реального сектора економіки в умовах економічної нестабільності. Визначено, що система кредитування реального сектору економіки в Україні потребує суттєвого переосмислення в напрямі орієнтації банківських установ на першочергове кредитування пріоритетних у національній економіці видів діяльності.
Se plantea como hipótesis que la percepción de seguridad tiene un efecto significativo en la predicción de la demanda por la integración bicicleta-metro. Para demostrar dicha hipótesis, se calibraron dos modelos: un modelo logit mixto y un modelo integrado de elección y variable latente, cuya estimación se hizo en forma simultánea por máxima verosimilitud simulada. La estimación empleó datos de una muestra tomada en la localidad de Kennedy, que no solo es la más poblada de Bogotá sino que será el punto de partida de la primera línea del metro. La evidencia empírica respaldó la hipótesis planteada, encontrándose que el modelo mixto sobreestima la demanda, especialmente en los escenarios que no consideraron la provisión de carriles exclusivos para bicicleta. Se encontraron, además, diferencias significativas en la percepción de seguridad de la bicicleta para usuarios de motocicletas, taxis y servicio público, y en general para los individuos según el nivel de ingreso.
Economic history and conditions, Economics as a science
Retracted articleThe subject / topic: The subject of this article is very actual in the light of formation of post-industrial economy and need of improvement of methods, tools and mechanisms of management of economic subjects. The main reason for low efficiency of the industrial enterprises consists now that the developed stereotypes of managing and the applied methods of management don't conform to requirements of market economy. In article advantages of introduction of instruments of strategic management in activity of the industrial enterprises are considered.The purpose / objectives: The purpose of article is the analysis of the directions of improvement of strategic management of the industrial enterprise in modern economic conditions. Objectives of the article: To investigate differences of strategic management of the industrial enterprise from traditional, to analyse modern strategy of the industrial enterprises, to reveal their features and scopes.Methodology: A methodical basis of this article are comparative methods of the analysis.The Results: Difference of strategic management of the industrial enterprise from the traditional is investigated. Possibility of strategic development of the industrial companies only at systematic introduction of innovations is proved. Modern strategy of development of the industrial enterprises are analysed: modern strategy of development in retail networks of sales of mobile phones, outsourcing strategy, strategy of development of the company on the basis of a matrix «a growth / share of the market», strategy of fight for intellectual leadership, strategy of ecosystems of J. F. Moore; their features and scopes are revealed.Conclusions / significance: It is necessary to expand practical use of instruments of strategic management in activity of the industrial enterprises as they allow to increase management efficiency as a result of the accounting of opportunities and threats of environment and current state of the enterprise, its strong and weaknesses. Practical application of results of this work will allow to improve procedures of strategic management of the industrial enterprises taking into account current economic and social trends.
Academic Motivation Scale (AMS) was applied to Business Information Systems students for finding out their reasons and motives for enrolling this academic field, for undergraduate and postgraduate academic cycles. The students were presented the AMS scale translated in Romanian, together with other questionnaires. The first part of the paper makes a short introduction to AMS, the second describes its objectives, while the third presents the results.
Economic theory. Demography, Economics as a science
The main objective of this research is to present the importance of the customer orientation from themanagerial perspective and to analyze the influence of customer orientation over the performance indicators in thehotels from Mures county (Romania ). For achieving this objective, the data have been collected by means of 42surveys addressed to managers and owners who are active in the industry of hospitability, and the results indicated apartial confirmation of the tested hypotheses and the results from previous international research. The conclusions ofthe study present importance for the decisional authorities associated with hotel units which desire to achieve thesatisfaction of the customers, gaining the brand loyalty and implicitly the desired economic efficiency and add to theinternational literature aspects referring to the industry of hospitality from Romania.
Commercial geography. Economic geography, Economics as a science