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Hanna Mysaka

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Papers by Hanna Mysaka

A bibliometric analysis of the impact of theoretical frameworks on EU Directives: The case of sustainability reporting and non-financial reporting

by Hanna Mysaka and Ivan Derun

Zeszyty Teoretyczne Rachunkowości, 2024

Purpose: The paper aims to demonstrate that the sustainability reporting (SR) theoretical framewo... more Purpose: The paper aims to demonstrate that the sustainability reporting (SR) theoretical framework dominates over the non-financial reporting (NFR) theoretical framework in the transformation of the European Union's (EU) regulatory system of corporate reporting (CR). Methodology/approach: We apply bibliometric analysis and keyword clustering to samples of 88 articles on SR and 14 articles on NFR that were indexed in SCOPUS between 2000 and 2023. Based on these samples, we determine development trends of SR and NFR research domains were the basis for official implementation. Findings: We demonstrate that the SR theoretical framework dominates over the NFR theoretical framework in terms of quantitative and qualitative parameters despite NFR's official status in the EU. Since the NFR theoretical framework was underdeveloped, it hurt the legal mechanism for reporting practice. The EU's transformation of the regulatory system of CR corresponds to the direction of development of this area in favor of SR. Research limitations/implications: Ignoring the levels of development of SR and NFR theoretical frameworks could lead to the collapse of the official doctrine of NFR in the EU. Originality/value: This study is the first to compare bibliometric characteristics of SR and NFR publications to determine the use of SR and NFR theoretical frameworks for implementing CR in the form of EU Directives.

Bibliometric Panorama of Accounting Information System Research Evolution

Acta Informatica Pragensia, Apr 15, 2024

Accounting information systems (AIS) are closely connected with using automated accounting data p... more Accounting information systems (AIS) are closely connected with using automated accounting data processing technologies, which increase reliability and prompt information delivery to stakeholders for management decision-making. The purpose of the article is to provide the AIS research domain with an additional impetus for further development based on a comprehensive characterization of quantitative parameters and systematic rethinking of trends in the evolution of the scientific themes. The article contains the methods of bibliometric analysis and chronological literature review based on clustering of keywords from a sample of AIS research indexed in Scopus in 1973-2023. The key findings indicate the nicheness of the AIS research problems, due to which the evaluation of the scientific output requires a multifaceted approach. It is found out which countries, journals, articles and authors play a decisive role in the formation of trends in the AIS research domain. Author keywords are used to assess the content orientation of the AIS research themes and to identify patterns of its evolution. We conclude that there is a content exhaustion in AIS scientific problems and the need to find new objects of research that correspond to the trends of Industry 4.0.

П’ятдесят років досліджень інформаційних систем і технологій у бухгалтерському обліку: бібліометричний аналіз

Проблеми сучасних трансформацій. Серія: економіка та управління

Завдяки можливостям, які пропонує автоматизація управлінських процесів, сфера застосування інформ... more Завдяки можливостям, які пропонує автоматизація управлінських процесів, сфера застосування інформаційних систем і технологій (ІСІТ) в бухгалтерському обліку зростає експоненційно і охоплює широкий спектр тем, що зумовлює важливість дослідження понятійного апарату та тенденцій розвитку. Метою статті є дослідження кількісної та якісної структури наукової періодики, основних напрямів досліджень та визначення перспектив подальших розробок у сфері ІСІТ у бухгалтерському обліку. У статті викладено результати бібліометричного аналізу 519 наукових публікацій з впровадження ІСІТ у процеси ведення бухгалтерського обліку, які були проіндексовані у наукометричній базі SCOPUS за останні 50 років. Для аналізу сформованої вибірки публікацій використовувалися вбудований аналітичний інструментарій SCOPUS та спеціалізований програмний засіб для побудови та візуалізації бібліометричних мереж VOSviewer. Бібліометрію проведено щодо таких показників як: динаміка щорічної кількості публікацій; структура г...

Методические подходы к трансформации статей финансовой отчетности с учетом изменения цен и инфляции

Исследованы методы корректировки статей финансовой отчетности в условия изменения цен и инфляции.... more Исследованы методы корректировки статей финансовой отчетности в условия изменения цен и инфляции. Систематизирована методика расчета инфляционной прибыли (убытка) предприятия в соответствии с действующим законодательством.

Financial Reporting Issuers in the Information Services of the Securities Market Participants

Вісник Киiвського Нацiонального Унiверситету Iм Тараса Шевченка Серiя Економiка, 2009

The article presents the results of the study the role and relevance of financial statements publ... more

Учет программ лояльности в стимулировании клиентов банковских учреждений

Статья посвящена исследованию особенностей учета программ лояльности клиента в банковских учрежде... more Статья посвящена исследованию особенностей учета программ лояльности клиента в банковских учреждениях и обоснованию направлений по его усовершенствованию в условиях использования международных стандартов финансовой отчетности. На основе структурирования факторов, влияющих на методику учета программ лояльности, определены четыре основных типа таких программ, которые реализуются отечественными банками, и систематизирован порядок их отражения в учете. Исследовано влияние применения каждого из типов программ на финансовую отчетность банка. Также предложен перечень необходимых изменений учетной политики и внутренних положений банка с целью повышения эффективности организации учета программ лояльности. Дальнейшим направлением исследований может служить адаптация методики учета диверсифицированных программ лояльности в соответствии с требованиями Международных стандартов финансовой отчетности, Плана счетов банков Украины, Инструкции по его применению и других нормативных актов НБУ.

КОНЦЕПТУАЛЬНІ ДЕТЕРМІНАНТИ РОЗВИТКУ КОРПОРАТИВНОЇ ЗВІТНОСТІ В ІНФОРМАЦІЙНИХ ЕКОНОМІКАХ ТА СУСПІЛЬСТВАХ

Fìnansovo-kreditna dìâlʹnìstʹ: problemi teorìï ta praktiki, Sep 5, 2022

Influence of Financial Statement Data on Formation of the Company’s Market Value

Economy of Ukraine, 2020

One of the sources of information used in the process of making managerial decisions is public fi... more One of the sources of information used in the process of making managerial decisions is public financial reporting of corporations. On its basis, the company’s financial condition, business reputation and investment attractiveness are assessed. Indicator of the latter is result of a comparison of the market value of the company with its estimate, which is presented in financial statements. Since, with the help of existing accounting methods, it is not possible to adequately form information on market value in financial statements, the effectiveness of investment decision depends essentially on a model used to evaluate the components when preparing the financial statements. To determine the influence of financial reporting indicators on the market value of the company, financial statements of 44 transnational corporations reporting by IFRS / IAS (19 enterprises) and by US GAAP (25 enterprises) in 2014–2016 were researched using the multi-factor regression with panel data. The authors...

Contextual Research of Strategic Theories for Non-financial Reporting: A System-Structural Approach to Formulating Reporting Principles

Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration

The principles of non-financial reporting are a prerequisite for the harmonization of reporting s... more The principles of non-financial reporting are a prerequisite for the harmonization of reporting standards and a guarantee of comparability of reporting indicators. A lack of a long-term and established practice in preparing non-financial reporting does not allow forming its principles as generally accepted rules for the preparation of reporting data. Therefore, the system of principles of non-financial reporting should be based on the results of scientific research on the theories of disclosure of non-financial information, including publications indexed in the SCOPUS. Based on the results of the bibliometric and linguistic analysis of the selected scientific publications, the correspondence was established between the content substance of the postulates of the most popular motivational theories of non-financial reporting (agency theory, institutional theory, legitimacy theory, stakeholder theory) and individual components of the mechanism of disclosure of non-financial information. The identified causal relationships allowed formalizing the principles of preparing non-financial statements and combining them into a coherent system that covers informational, legal, organizational and communicative aspects of the reporting mechanism and consists of such principles as: application of differentiated metrics; the predominance of substance over form; business accountability; access to information of public interest; reporting coherence; reporting preparation periodicity; full coverage; consistent and continuous disclosure. The formed system of principles of non-financial reporting comprehensively considers the peculiarities of the process of preparation of reporting data which mainly contains non-financial information. Therefore, its use as a basis for non-financial reporting standards will contribute to their harmonization and increase the comparability of reporting data.

Digital assets in accounting: the concept formation and the further development trajectory

Economic Annals-ХХI

Introduction. The transition to digital technologies stimulated the emergence of new accounting o... more Introduction. The transition to digital technologies stimulated the emergence of new accounting objects in the form of digital assets whose features are problematic for being displayed in a rather tightly regulated system of accounting and reporting standards. In the context of emerging new ways of using crypto assets in business practice and increasing the volume of transactions with them, accounting has problems with displaying digital assets in part of confirming their controllability, their assessment at various stages of the life cycle, and identification of participants of cryptocurrency transactions. The paper deals with impact of economy digitalization on accounting methodology in the context of the Industry 4.0, in particular, the prospects for a separate display of digital assets in financial statements. Purpose. This article is aimed at the systematic substantiation of the exclusive status of digital assets as a fundamentally new accounting object in order to further deve...

КОНЦЕПТУАЛЬНІ ДЕТЕРМІНАНТИ РОЗВИТКУ КОРПОРАТИВНОЇ ЗВІТНОСТІ В ІНФОРМАЦІЙНИХ ЕКОНОМІКАХ ТА СУСПІЛЬСТВАХ

Financial and credit activity problems of theory and practice

Корпоративна звітність є важливим інструментом коригування діяльності бізнес-структур під тиском ... more Корпоративна звітність є важливим інструментом коригування діяльності бізнес-структур під тиском зовнішніх інституційних сил, що реалізується шляхом інформування стейкхолдерів про те, наскільки ця діяльність відповідає запитам суспільства та спрямована на підвищення його блага. Активізація запитів і інвесторів, і стейкхолдерів без фінансового інтересу на якісне розкриття релевантної інформації щодо впливу діяльності суб’єктів звітування на суспільство та довкілля стимулює перманентне реформування системи корпоративної звітності в пошуку ефективних форм і способів її реалізації. Метою статті є визначення концептуальних детермінант подальшого розвитку корпоративної звітності на основі аналізу еволюції теоретико-організаційних засад та практичних механізмів її формування в інформаційних економіках і суспільствах та інституціоналізації корпоративної відповідальності на тлі імплементації парадигми сталого розвитку. Установлено, що побудова системи корпоративної звітності відзначається па...

Legitimacy Theory in the Formation of the Institutional and Legal Basis of the Companies’ Non-Financial Reporting System

by Hanna Mysaka, Ivan Derun, and Іван Дерун

61

Ensuring sustainable development depends on achieving balanced economic efficiency management wit... more Ensuring sustainable development depends on achieving balanced economic efficiency management with a parallel solving the humankind social and environmental problems. This led to the formation of an information request for reporting on the social and environmental aspects of business-doing under the pressure of the world economy development and the civil society formation. Stakeholders’ dissatisfaction with the degree of reliability, relevance and comparability of non-financial reporting voluntarily published by companies prompts the search for new mechanisms for its provision, since the problems of climate change, the fighting inequality and poverty have rapidly acquired a global scale and require urgent solutions. The paper examines the main concepts of the origin of phenomenon of non-financial reporting as a tool for communication between a company and its stakeholders. It has been established that the legitimacy theory plays a key role in stimulating the companies’ voluntary dis...

Transdisciplinary Approach to Increase of Company's Intellectual Capital Management Efficiency

Accounting and Finance, 2019

* Мисака Ганна Вікторівна, доцент кафедри обліку та аудиту Київського національного університету ... more * Мисака Ганна Вікторівна, доцент кафедри обліку та аудиту Київського національного університету імені Тараса Шевченка (м. Київ), кандидат економічних наук, доцент. ** Дерун Іван Анатолійович, асистент кафедри обліку та аудиту Київського національного університету імені Тараса Шевченка (м. Київ), кандидат економічних наук. Бухгалтерський облік Облік і фінанси, № 1 (83)' 2019 50 company's intellectual capital use. The goal of the paper is to determine the priority of financing the elements of primary (human capital) and secondary (structural capital) intellectual capital based on accounting data and financial statements which are determined at the various stages of business life cycle in order to maximize the results of its activities. Methods of analysis and synthesis, modeling, tables and graphics research are used that to achieve this goal. The authors analyze the existing classifications of intellectual capital and define the financial indicators of primary intellectual capital and secondary intellectual capital at different stages of business life cycle. The cost of primary intellectual capital is proposed to include: wage and bonus; training and professional development of employees; certification of personnel; additional pension provision; business trips, participation and conducting of exhibitions, presentations; recruiting. Instead, capitalized costs should be attributed to the value of secondary intellectual capital, in particular: for intellectual property and information infrastructure; licenses; registered trademarks; franchises, etc. In addition, the elements of secondary intellectual capital are reflected in period costs (costs for the formation, support and development of corporate culture, customer base, research and development, structural reorganization, etc.). The authors propose a matrix of priority financing of components of intellectual capital at various stages of business life cycle.

Аналітичний інструментарій управління витратами обігу підприємств торгівлі в умовах невизначеності

Проблеми сучасних трансформацій. Серія: економіка та управління, 2021

Статтю присвячено дослідженню ролі економічного аналізу в управлінні витратами обігу на підприємс... more Статтю присвячено дослідженню ролі економічного аналізу в управлінні витратами обігу на підприємствах торгівлі. Висвітлено значущість перспективного аналізу для планування раціонального витрачання коштів торговельного підприємства. Доведено, що поглиблення аналітичності досліджень зміни показника витрат обігу у часовому розрізі, за структурними підрозділами та статтями не дає можливості комплексно встановити причини абсолютної та відносної економії (перевитрат) і виявити резерви їх скорочення. Обґрунтовано, що виявлення причин, які викликали зміни величини та структури витрат обігу, надає додаткових можливостей при усуненні їх негативного впливу та виявленні суттєвих резервів покращення результатів господарювання Узагальнено систему аналітичних показників, що характеризують витрати обігу; визначено перспективи застосування економіко-математичних методів в аналізі витрат обігу.

Contemporary drivers of business growth: Evidence from US public companies

Journal of International Studies, 2021

Achieving profitable business growth and maximizing shareholder value with limited resources are ... more Achieving profitable business growth and maximizing shareholder value with limited resources are the crucial issues of doing business today. The goal of this paper is to identify endogenous factors that increase business growth by analyzing companies' annual reports. This paper contains the results of assessment on the influence tangible assets and intellectual capital (IC) have on Price-to-Earnings Ratio (P/E Ratio) as a proxy for business growth. The research methodology of this paper is based on regression analysis with panel data. Empirical results are tested on annual reports data of the 40 US companies from TOP 150 of Brand Finance Global 500 list for 2008-2020. The results reveal that the role of tangible assets in ensuring business growth is declining in contradistinction to IC, which has gained a stronger effect on business growth. Moreover, findings suggest that balanced management of tangible assets and IC could ensure a more effective internal expansion of business. Additionally, results indicate that the influence of human capital and fixed assets on business growth is declining in competitive environment. This paper integrates and complements prior studies and concepts on business growth, financial performance, IC and tangible assets management, aiming to develop an integrated framework for improving the efficiency of managing business growth drivers. Practical application of the obtained results lies in helping the companies' management to choose the right combination of endogenous factors that will ensure business growth.

Формування методологічних засад аналізу фінансового стану емітентів цінних паперів в умовах фінансової кризи

Bulletin of Taras Shevchenko National University of Kyiv. Economics, 2009

В статті представлено результати дослідження ролі методологічних засад аналізу фінансового стану ... more В статті представлено результати дослідження ролі методологічних засад аналізу фінансового стану емітентів цінних паперів в процесі прийняття інвестиційних рішень учасниками фондового ринку в умовах фінансової кризи.The article presents the results of the study the role of the methodological basis of the finance analysis of the in the investment decision-making by the stock market participants under the conditions of the financial crisis.

The Role of Non-Financial Reporting in Modern Ecological Problems Updating and Solving

Journal of Environmental Management and Tourism, 2021

The relevance of the paper is due to the conscious demand of society for ecological results data ... more The relevance of the paper is due to the conscious demand of society for ecological results data of business against the background of climate change and ecological disasters. The purpose of the article is to develop recommendations aimed at improving informativeness and reliability of the companies’ non-financial reporting on their ecological management. The study is based on a legitimacy and legality analysis of the global practice of compiling and submitting non-financial reporting. It is determined that the Global Reporting Initiative (GRI) Standards are the most popular among the public-interest entities for the preparation of non-financial reporting. The authors have structured a set of current GRI Standards 300 series (Environmental topics) on the issues’ content. The authors have formed practical proposals increasing the informativeness of non-financial reporting, which is made according to the GRI Standards by identifying the need for additional data disclosure about the co...

Corporate Financial Performance and Tobin’s Q in Dividend and Growth Investing

Contemporary Economics, 2021

Investor attracting and keeping requires both successful management of a company’s financial perf... more Investor attracting and keeping requires both successful management of a company’s financial performance and an investor’s behavior knowledge, as well as monitoring of stock market current trends. This paper contains the study results on the influence of public companies’ financial performance on Tobin’s q as a common measure of investment opportunity for dividend (income) investors and growth investors in conditions of competition and financing limitations. The goal of this article is to identify the financial performance indicators of public companies, influencing their Tobin’s q, for dividend (income) investing and growth investing respectively. We determined that the proxies for the variables of the Tobin’s q function should be different for different investment styles. For this reason, we composed two sets of financial ratios that reflect financial performance specifics of dividend (income) stock companies and growth stock companies for the quantitative assessment of these inve...

RELATIONSHIP BETWEEN THE COMPANY’S PROFESSIONAL SUCCESS AND ITS INTELLECTUAL CAPITAL EFFICIENCY MANAGMENT (by VAIC method)

THEORETICAL AND APPLIED ISSUES OF ECONOMICS, 2020

At the current stage of economic relations development, intellectual capital becomes one of the m... more At the current stage of economic relations development, intellectual capital becomes one of the main competitive advantages of the company. This necessitates the operative and rational management of its components in order to achieve the company’s economic and financial prosperity in conditions of a highly competitive environment and limited financing opportunities. At the same time, professional success is one of the objective non-financial displays of the company's intellectual capital effective management. The authors have proved that a quantitative measurement of companies’ professional achievements provides the ability to verify the assessing results of efficiency management of their intellectual capital. The study deals with the analysis of the adequacy of the results of Value Added Intellectual Coefficient (VAIC method) for assessing the intellectual capital efficiency, based on the indicators of companies’ public financial statements and the level of their professional s...

Intellectual Capital Efficiency Management in Professional Football Clubs’ Performance: Problems of Assessment

Sport Mont, 2020

Professional success is one of the objective non-financial displays of the effective management o... more Professional success is one of the objective non-financial displays of the effective management of a company's intellectual capital (IC) as the basis of its economic and financial prosperity. This study analyses the adequacy of the results of some assessment methods of IC efficiency based on football clubs' public financial statement data and their professional performance based on professional ranking. This study empirically considers the advantages and disadvantages of specific methods for assessing IC efficiency with the example of football clubs that were TOP 50 of UEFA Club Ranking in 2014-2018. The goal of the study is to compare professional ranking as an objectively formed non-financial indicator of a company's professional performance with IC efficiency to assess its management successfulness in a highly competitive environment. We used the Value Added Intellectual Capital Coefficient (VAIC), MV/BV ratio, and Tobin's q to assess the IC efficiency of the sampled football clubs. The specialized method of assessing IC efficiency provides results that are more relevant to clubs' professional performance than methods based on the principles of the theory of investment. We believe that the study of the relationship between company's IC efficiency with its financial and professional performance has significant prospects with the use of specialized Return on Assets Methods (ROAM), in particular, Intangible Driven Earnings (IDE) and Calculated Intangible Value (CIV).

A bibliometric analysis of the impact of theoretical frameworks on EU Directives: The case of sustainability reporting and non-financial reporting

by Hanna Mysaka and Ivan Derun

Zeszyty Teoretyczne Rachunkowości, 2024

Purpose: The paper aims to demonstrate that the sustainability reporting (SR) theoretical framewo... more Purpose: The paper aims to demonstrate that the sustainability reporting (SR) theoretical framework dominates over the non-financial reporting (NFR) theoretical framework in the transformation of the European Union's (EU) regulatory system of corporate reporting (CR). Methodology/approach: We apply bibliometric analysis and keyword clustering to samples of 88 articles on SR and 14 articles on NFR that were indexed in SCOPUS between 2000 and 2023. Based on these samples, we determine development trends of SR and NFR research domains were the basis for official implementation. Findings: We demonstrate that the SR theoretical framework dominates over the NFR theoretical framework in terms of quantitative and qualitative parameters despite NFR's official status in the EU. Since the NFR theoretical framework was underdeveloped, it hurt the legal mechanism for reporting practice. The EU's transformation of the regulatory system of CR corresponds to the direction of development of this area in favor of SR. Research limitations/implications: Ignoring the levels of development of SR and NFR theoretical frameworks could lead to the collapse of the official doctrine of NFR in the EU. Originality/value: This study is the first to compare bibliometric characteristics of SR and NFR publications to determine the use of SR and NFR theoretical frameworks for implementing CR in the form of EU Directives.

Bibliometric Panorama of Accounting Information System Research Evolution

Acta Informatica Pragensia, Apr 15, 2024

Accounting information systems (AIS) are closely connected with using automated accounting data p... more Accounting information systems (AIS) are closely connected with using automated accounting data processing technologies, which increase reliability and prompt information delivery to stakeholders for management decision-making. The purpose of the article is to provide the AIS research domain with an additional impetus for further development based on a comprehensive characterization of quantitative parameters and systematic rethinking of trends in the evolution of the scientific themes. The article contains the methods of bibliometric analysis and chronological literature review based on clustering of keywords from a sample of AIS research indexed in Scopus in 1973-2023. The key findings indicate the nicheness of the AIS research problems, due to which the evaluation of the scientific output requires a multifaceted approach. It is found out which countries, journals, articles and authors play a decisive role in the formation of trends in the AIS research domain. Author keywords are used to assess the content orientation of the AIS research themes and to identify patterns of its evolution. We conclude that there is a content exhaustion in AIS scientific problems and the need to find new objects of research that correspond to the trends of Industry 4.0.

П’ятдесят років досліджень інформаційних систем і технологій у бухгалтерському обліку: бібліометричний аналіз

Проблеми сучасних трансформацій. Серія: економіка та управління

Завдяки можливостям, які пропонує автоматизація управлінських процесів, сфера застосування інформ... more Завдяки можливостям, які пропонує автоматизація управлінських процесів, сфера застосування інформаційних систем і технологій (ІСІТ) в бухгалтерському обліку зростає експоненційно і охоплює широкий спектр тем, що зумовлює важливість дослідження понятійного апарату та тенденцій розвитку. Метою статті є дослідження кількісної та якісної структури наукової періодики, основних напрямів досліджень та визначення перспектив подальших розробок у сфері ІСІТ у бухгалтерському обліку. У статті викладено результати бібліометричного аналізу 519 наукових публікацій з впровадження ІСІТ у процеси ведення бухгалтерського обліку, які були проіндексовані у наукометричній базі SCOPUS за останні 50 років. Для аналізу сформованої вибірки публікацій використовувалися вбудований аналітичний інструментарій SCOPUS та спеціалізований програмний засіб для побудови та візуалізації бібліометричних мереж VOSviewer. Бібліометрію проведено щодо таких показників як: динаміка щорічної кількості публікацій; структура г...

Методические подходы к трансформации статей финансовой отчетности с учетом изменения цен и инфляции

Исследованы методы корректировки статей финансовой отчетности в условия изменения цен и инфляции.... more Исследованы методы корректировки статей финансовой отчетности в условия изменения цен и инфляции. Систематизирована методика расчета инфляционной прибыли (убытка) предприятия в соответствии с действующим законодательством.

Financial Reporting Issuers in the Information Services of the Securities Market Participants

Вісник Киiвського Нацiонального Унiверситету Iм Тараса Шевченка Серiя Економiка, 2009

The article presents the results of the study the role and relevance of financial statements publ... more

Учет программ лояльности в стимулировании клиентов банковских учреждений

Статья посвящена исследованию особенностей учета программ лояльности клиента в банковских учрежде... more Статья посвящена исследованию особенностей учета программ лояльности клиента в банковских учреждениях и обоснованию направлений по его усовершенствованию в условиях использования международных стандартов финансовой отчетности. На основе структурирования факторов, влияющих на методику учета программ лояльности, определены четыре основных типа таких программ, которые реализуются отечественными банками, и систематизирован порядок их отражения в учете. Исследовано влияние применения каждого из типов программ на финансовую отчетность банка. Также предложен перечень необходимых изменений учетной политики и внутренних положений банка с целью повышения эффективности организации учета программ лояльности. Дальнейшим направлением исследований может служить адаптация методики учета диверсифицированных программ лояльности в соответствии с требованиями Международных стандартов финансовой отчетности, Плана счетов банков Украины, Инструкции по его применению и других нормативных актов НБУ.

КОНЦЕПТУАЛЬНІ ДЕТЕРМІНАНТИ РОЗВИТКУ КОРПОРАТИВНОЇ ЗВІТНОСТІ В ІНФОРМАЦІЙНИХ ЕКОНОМІКАХ ТА СУСПІЛЬСТВАХ

Fìnansovo-kreditna dìâlʹnìstʹ: problemi teorìï ta praktiki, Sep 5, 2022

Influence of Financial Statement Data on Formation of the Company’s Market Value

Economy of Ukraine, 2020

One of the sources of information used in the process of making managerial decisions is public fi... more One of the sources of information used in the process of making managerial decisions is public financial reporting of corporations. On its basis, the company’s financial condition, business reputation and investment attractiveness are assessed. Indicator of the latter is result of a comparison of the market value of the company with its estimate, which is presented in financial statements. Since, with the help of existing accounting methods, it is not possible to adequately form information on market value in financial statements, the effectiveness of investment decision depends essentially on a model used to evaluate the components when preparing the financial statements. To determine the influence of financial reporting indicators on the market value of the company, financial statements of 44 transnational corporations reporting by IFRS / IAS (19 enterprises) and by US GAAP (25 enterprises) in 2014–2016 were researched using the multi-factor regression with panel data. The authors...

Contextual Research of Strategic Theories for Non-financial Reporting: A System-Structural Approach to Formulating Reporting Principles

Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration

The principles of non-financial reporting are a prerequisite for the harmonization of reporting s... more The principles of non-financial reporting are a prerequisite for the harmonization of reporting standards and a guarantee of comparability of reporting indicators. A lack of a long-term and established practice in preparing non-financial reporting does not allow forming its principles as generally accepted rules for the preparation of reporting data. Therefore, the system of principles of non-financial reporting should be based on the results of scientific research on the theories of disclosure of non-financial information, including publications indexed in the SCOPUS. Based on the results of the bibliometric and linguistic analysis of the selected scientific publications, the correspondence was established between the content substance of the postulates of the most popular motivational theories of non-financial reporting (agency theory, institutional theory, legitimacy theory, stakeholder theory) and individual components of the mechanism of disclosure of non-financial information. The identified causal relationships allowed formalizing the principles of preparing non-financial statements and combining them into a coherent system that covers informational, legal, organizational and communicative aspects of the reporting mechanism and consists of such principles as: application of differentiated metrics; the predominance of substance over form; business accountability; access to information of public interest; reporting coherence; reporting preparation periodicity; full coverage; consistent and continuous disclosure. The formed system of principles of non-financial reporting comprehensively considers the peculiarities of the process of preparation of reporting data which mainly contains non-financial information. Therefore, its use as a basis for non-financial reporting standards will contribute to their harmonization and increase the comparability of reporting data.

Digital assets in accounting: the concept formation and the further development trajectory

Economic Annals-ХХI

Introduction. The transition to digital technologies stimulated the emergence of new accounting o... more Introduction. The transition to digital technologies stimulated the emergence of new accounting objects in the form of digital assets whose features are problematic for being displayed in a rather tightly regulated system of accounting and reporting standards. In the context of emerging new ways of using crypto assets in business practice and increasing the volume of transactions with them, accounting has problems with displaying digital assets in part of confirming their controllability, their assessment at various stages of the life cycle, and identification of participants of cryptocurrency transactions. The paper deals with impact of economy digitalization on accounting methodology in the context of the Industry 4.0, in particular, the prospects for a separate display of digital assets in financial statements. Purpose. This article is aimed at the systematic substantiation of the exclusive status of digital assets as a fundamentally new accounting object in order to further deve...

КОНЦЕПТУАЛЬНІ ДЕТЕРМІНАНТИ РОЗВИТКУ КОРПОРАТИВНОЇ ЗВІТНОСТІ В ІНФОРМАЦІЙНИХ ЕКОНОМІКАХ ТА СУСПІЛЬСТВАХ

Financial and credit activity problems of theory and practice

Корпоративна звітність є важливим інструментом коригування діяльності бізнес-структур під тиском ... more Корпоративна звітність є важливим інструментом коригування діяльності бізнес-структур під тиском зовнішніх інституційних сил, що реалізується шляхом інформування стейкхолдерів про те, наскільки ця діяльність відповідає запитам суспільства та спрямована на підвищення його блага. Активізація запитів і інвесторів, і стейкхолдерів без фінансового інтересу на якісне розкриття релевантної інформації щодо впливу діяльності суб’єктів звітування на суспільство та довкілля стимулює перманентне реформування системи корпоративної звітності в пошуку ефективних форм і способів її реалізації. Метою статті є визначення концептуальних детермінант подальшого розвитку корпоративної звітності на основі аналізу еволюції теоретико-організаційних засад та практичних механізмів її формування в інформаційних економіках і суспільствах та інституціоналізації корпоративної відповідальності на тлі імплементації парадигми сталого розвитку. Установлено, що побудова системи корпоративної звітності відзначається па...

Legitimacy Theory in the Formation of the Institutional and Legal Basis of the Companies’ Non-Financial Reporting System

by Hanna Mysaka, Ivan Derun, and Іван Дерун

61

Ensuring sustainable development depends on achieving balanced economic efficiency management wit... more Ensuring sustainable development depends on achieving balanced economic efficiency management with a parallel solving the humankind social and environmental problems. This led to the formation of an information request for reporting on the social and environmental aspects of business-doing under the pressure of the world economy development and the civil society formation. Stakeholders’ dissatisfaction with the degree of reliability, relevance and comparability of non-financial reporting voluntarily published by companies prompts the search for new mechanisms for its provision, since the problems of climate change, the fighting inequality and poverty have rapidly acquired a global scale and require urgent solutions. The paper examines the main concepts of the origin of phenomenon of non-financial reporting as a tool for communication between a company and its stakeholders. It has been established that the legitimacy theory plays a key role in stimulating the companies’ voluntary dis...

Transdisciplinary Approach to Increase of Company's Intellectual Capital Management Efficiency

Accounting and Finance, 2019

* Мисака Ганна Вікторівна, доцент кафедри обліку та аудиту Київського національного університету ... more * Мисака Ганна Вікторівна, доцент кафедри обліку та аудиту Київського національного університету імені Тараса Шевченка (м. Київ), кандидат економічних наук, доцент. ** Дерун Іван Анатолійович, асистент кафедри обліку та аудиту Київського національного університету імені Тараса Шевченка (м. Київ), кандидат економічних наук. Бухгалтерський облік Облік і фінанси, № 1 (83)' 2019 50 company's intellectual capital use. The goal of the paper is to determine the priority of financing the elements of primary (human capital) and secondary (structural capital) intellectual capital based on accounting data and financial statements which are determined at the various stages of business life cycle in order to maximize the results of its activities. Methods of analysis and synthesis, modeling, tables and graphics research are used that to achieve this goal. The authors analyze the existing classifications of intellectual capital and define the financial indicators of primary intellectual capital and secondary intellectual capital at different stages of business life cycle. The cost of primary intellectual capital is proposed to include: wage and bonus; training and professional development of employees; certification of personnel; additional pension provision; business trips, participation and conducting of exhibitions, presentations; recruiting. Instead, capitalized costs should be attributed to the value of secondary intellectual capital, in particular: for intellectual property and information infrastructure; licenses; registered trademarks; franchises, etc. In addition, the elements of secondary intellectual capital are reflected in period costs (costs for the formation, support and development of corporate culture, customer base, research and development, structural reorganization, etc.). The authors propose a matrix of priority financing of components of intellectual capital at various stages of business life cycle.

Аналітичний інструментарій управління витратами обігу підприємств торгівлі в умовах невизначеності

Проблеми сучасних трансформацій. Серія: економіка та управління, 2021

Статтю присвячено дослідженню ролі економічного аналізу в управлінні витратами обігу на підприємс... more Статтю присвячено дослідженню ролі економічного аналізу в управлінні витратами обігу на підприємствах торгівлі. Висвітлено значущість перспективного аналізу для планування раціонального витрачання коштів торговельного підприємства. Доведено, що поглиблення аналітичності досліджень зміни показника витрат обігу у часовому розрізі, за структурними підрозділами та статтями не дає можливості комплексно встановити причини абсолютної та відносної економії (перевитрат) і виявити резерви їх скорочення. Обґрунтовано, що виявлення причин, які викликали зміни величини та структури витрат обігу, надає додаткових можливостей при усуненні їх негативного впливу та виявленні суттєвих резервів покращення результатів господарювання Узагальнено систему аналітичних показників, що характеризують витрати обігу; визначено перспективи застосування економіко-математичних методів в аналізі витрат обігу.

Contemporary drivers of business growth: Evidence from US public companies

Journal of International Studies, 2021

Achieving profitable business growth and maximizing shareholder value with limited resources are ... more Achieving profitable business growth and maximizing shareholder value with limited resources are the crucial issues of doing business today. The goal of this paper is to identify endogenous factors that increase business growth by analyzing companies' annual reports. This paper contains the results of assessment on the influence tangible assets and intellectual capital (IC) have on Price-to-Earnings Ratio (P/E Ratio) as a proxy for business growth. The research methodology of this paper is based on regression analysis with panel data. Empirical results are tested on annual reports data of the 40 US companies from TOP 150 of Brand Finance Global 500 list for 2008-2020. The results reveal that the role of tangible assets in ensuring business growth is declining in contradistinction to IC, which has gained a stronger effect on business growth. Moreover, findings suggest that balanced management of tangible assets and IC could ensure a more effective internal expansion of business. Additionally, results indicate that the influence of human capital and fixed assets on business growth is declining in competitive environment. This paper integrates and complements prior studies and concepts on business growth, financial performance, IC and tangible assets management, aiming to develop an integrated framework for improving the efficiency of managing business growth drivers. Practical application of the obtained results lies in helping the companies' management to choose the right combination of endogenous factors that will ensure business growth.

Формування методологічних засад аналізу фінансового стану емітентів цінних паперів в умовах фінансової кризи

Bulletin of Taras Shevchenko National University of Kyiv. Economics, 2009

В статті представлено результати дослідження ролі методологічних засад аналізу фінансового стану ... more В статті представлено результати дослідження ролі методологічних засад аналізу фінансового стану емітентів цінних паперів в процесі прийняття інвестиційних рішень учасниками фондового ринку в умовах фінансової кризи.The article presents the results of the study the role of the methodological basis of the finance analysis of the in the investment decision-making by the stock market participants under the conditions of the financial crisis.

The Role of Non-Financial Reporting in Modern Ecological Problems Updating and Solving

Journal of Environmental Management and Tourism, 2021

The relevance of the paper is due to the conscious demand of society for ecological results data ... more The relevance of the paper is due to the conscious demand of society for ecological results data of business against the background of climate change and ecological disasters. The purpose of the article is to develop recommendations aimed at improving informativeness and reliability of the companies’ non-financial reporting on their ecological management. The study is based on a legitimacy and legality analysis of the global practice of compiling and submitting non-financial reporting. It is determined that the Global Reporting Initiative (GRI) Standards are the most popular among the public-interest entities for the preparation of non-financial reporting. The authors have structured a set of current GRI Standards 300 series (Environmental topics) on the issues’ content. The authors have formed practical proposals increasing the informativeness of non-financial reporting, which is made according to the GRI Standards by identifying the need for additional data disclosure about the co...

Corporate Financial Performance and Tobin’s Q in Dividend and Growth Investing

Contemporary Economics, 2021

Investor attracting and keeping requires both successful management of a company’s financial perf... more Investor attracting and keeping requires both successful management of a company’s financial performance and an investor’s behavior knowledge, as well as monitoring of stock market current trends. This paper contains the study results on the influence of public companies’ financial performance on Tobin’s q as a common measure of investment opportunity for dividend (income) investors and growth investors in conditions of competition and financing limitations. The goal of this article is to identify the financial performance indicators of public companies, influencing their Tobin’s q, for dividend (income) investing and growth investing respectively. We determined that the proxies for the variables of the Tobin’s q function should be different for different investment styles. For this reason, we composed two sets of financial ratios that reflect financial performance specifics of dividend (income) stock companies and growth stock companies for the quantitative assessment of these inve...

RELATIONSHIP BETWEEN THE COMPANY’S PROFESSIONAL SUCCESS AND ITS INTELLECTUAL CAPITAL EFFICIENCY MANAGMENT (by VAIC method)

THEORETICAL AND APPLIED ISSUES OF ECONOMICS, 2020

At the current stage of economic relations development, intellectual capital becomes one of the m... more At the current stage of economic relations development, intellectual capital becomes one of the main competitive advantages of the company. This necessitates the operative and rational management of its components in order to achieve the company’s economic and financial prosperity in conditions of a highly competitive environment and limited financing opportunities. At the same time, professional success is one of the objective non-financial displays of the company's intellectual capital effective management. The authors have proved that a quantitative measurement of companies’ professional achievements provides the ability to verify the assessing results of efficiency management of their intellectual capital. The study deals with the analysis of the adequacy of the results of Value Added Intellectual Coefficient (VAIC method) for assessing the intellectual capital efficiency, based on the indicators of companies’ public financial statements and the level of their professional s...

Intellectual Capital Efficiency Management in Professional Football Clubs’ Performance: Problems of Assessment

Sport Mont, 2020

Professional success is one of the objective non-financial displays of the effective management o... more Professional success is one of the objective non-financial displays of the effective management of a company's intellectual capital (IC) as the basis of its economic and financial prosperity. This study analyses the adequacy of the results of some assessment methods of IC efficiency based on football clubs' public financial statement data and their professional performance based on professional ranking. This study empirically considers the advantages and disadvantages of specific methods for assessing IC efficiency with the example of football clubs that were TOP 50 of UEFA Club Ranking in 2014-2018. The goal of the study is to compare professional ranking as an objectively formed non-financial indicator of a company's professional performance with IC efficiency to assess its management successfulness in a highly competitive environment. We used the Value Added Intellectual Capital Coefficient (VAIC), MV/BV ratio, and Tobin's q to assess the IC efficiency of the sampled football clubs. The specialized method of assessing IC efficiency provides results that are more relevant to clubs' professional performance than methods based on the principles of the theory of investment. We believe that the study of the relationship between company's IC efficiency with its financial and professional performance has significant prospects with the use of specialized Return on Assets Methods (ROAM), in particular, Intangible Driven Earnings (IDE) and Calculated Intangible Value (CIV).