Issue 1, 2024

Investment project management is a crucial component of the economic development of any country region, including Ukraine. Each project goes through certain stages in the implementation, while competent management activity plays a very distinct role. The main objectives of this study were to highlight the current issues of project management in the context of building the potential for regional development and to create a model for managing various investment projects that would be most suitable for the majority of Ukrainian entrepreneurs and to increase the efficiency of their functioning. The methods used quite actively in this study were analysis, deduction, induction, historical, modelling and others. The researchers define the essence of the concept of investment project, in particular, as a set of processes (planning, execution, management analysis) where the project is born and implemented. At the same time, all of the processes described above have subcomponents also characterized by certain features. This approach helped to describe in detail and consider the essence of investment project management. This work also shows that the most effective methodology for enterprise managing processes can be network planning and governing. It has certain comparative advantages, helping to depict the future planned management and implementation process in the form of graphs and models and to manage all internal processes during the project life cycle quite effectively, including technological and production steps. Therefore, this work brings new knowledge to the management theory, opening the way to a different view of the basic principles of investment project management.
Keywords: government support; innovation; network planning; modelling; process approach
JEL: F34; F35

The study aimed to analyze the profitability in mediating the influence of green accounting and corporate social responsibility disclosure on the firm value. The samples consisted of 220 manufacturing companies, while the moderating variable regression was used in data analysis. The effect of mediating variables was determined using the Sobel test. The study results showed that green accounting did not affect firm value; while CSR disclosure and profitability influenced firm value, but profitability was not able to mediate the effect of green accounting and CSR disclosure on the firm value. The unintegrated system and the company's inability to internalize green accounting and CSR disclosure hindered its non-financial goals to gain an advantage in a competitive market.
Keyword: firm value; green accounting; CSRD; profitability
JEL: G32; Q56; M14; L25

This study aims to investigate the process of building organizational citizenship behaviour among employees in the marine transportation business in Indonesia. This study also uses workplace spirituality and job satisfaction as mediators to understand the process of the influence of organizational justice on organizational citizenship behaviour. This research uses a causal research type using a quantitative approach. The study's sample and population are workers in the marine transportation sector. The study's sample size was adapted to the structural equation modelling (SEM) that was applied. Data gathering procedures employed interviews and confidentially lists in questionnaires to evaluate the seven hypotheses proposed in this study, while data analysis techniques used Partial Least Square (SmartPls). According to the study's findings, job satisfaction, workplace spirituality, and organizational justice favour organizational citizenship behaviour. Organizational justice influences organizational citizenship behaviour by mediating job satisfaction, workplace spirituality, and both. The implications of this study's findings, which also reveal the mediating roles of job satisfaction and workplace spirituality, can assist organizations in developing plans to enhance organizational justice and Organizational Citizenship Behavior.
Keywords: Organizational Justice; Organization Citizenship Behavior; Job Satisfaction; Workplace Spirituality
JEL: D23; 015; L91; J28

Companies play a crucial role in improving a country's economy by providing jobs for many people. To enhance their performance in a competitive market, it is important for companies, particularly manufacturing firms, to pay attention to their capital structure and corporate performance. This has prompted the researcher to analyze the effect of asset structure, earning volatility, and financial flexibility on capital structure and corporate performance in manufacturing sector companies listed on the Indonesia Stock Exchange (IDX). The objective of the study was to examine the impact of asset structure, earning volatility, and financial flexibility on capital structure and corporate performance in manufacturing sector companies listed on the Indonesia Stock Exchange (IDX). The research method employed in the study was descriptive quantitative. The data for the study were collected from financial reports of 58 companies using purposive sampling. The collected data were then analyzed using SPSS. The results of the analysis indicated that asset structure, financial flexibility, and earning volatility had a positive and significant influence on both capital structure and corporate performance. The influence value for capital structure was found to be 96.9%, while the influence value for corporate performance was 94.8%. This study suggests that optimizing asset structure, managing income volatility, and enhancing financial flexibility are crucial for manufacturing companies to improve capital structure and corporate performance.
Keywords: Asset Structure; Earning Volatility; Financial Flexibility; Capital Structure; Corporate Performance
JEL: G00; G17; G32; G34

In today’s competitive digital landscape, where the Internet has become an integral part of people's daily lives, it is crucial to prioritize user experience and satisfaction, particularly when it comes to web pages. This study seeks to elucidate the importance of specific elements of the TAM model concerning user behaviour in the realm of web design. Using an exploratory approach, the study employed an anonymous questionnaire (utilizing a Likert scale) to gather data from website users. The research sample's adequacy was assessed using Cronbach's alpha and Kaiser-Meyer-Olkin (with 148 respondents), by identifying factors impacting user behaviour, such as website content quality (including the quality and availability of information), and design quality (including appearance, website findability, navigation, and access/usability). Additionally, the study investigated perceived usefulness, ease of use, and attitude toward website use. Pearson correlation coefficients were used to calculate values, and the lower triangle method was utilized to determine the resulting coefficient values. Analysis revealed that website usability and page orientation did not have a significant impact on actual website usage. The study outcome has produced a model that can determine the influence of specific factors on user behavior concerning their overall user experience.
Keywords: TAM; Marketing; SME; Consumer behavior
JEL: D90; M15; M31; L86

SMEs are renowned all over the world for being informal, therefore, following accounting standards, is something unique for SMEs. Jordan being the heaven for SMEs is becoming more and more formal for SMEs, yet the government has not imposed any restrictions on SMEs to follow accounting standards. However, several SMEs in Jordan are following accounting standards because of the advantages that SMEs can avail by adopting accounting standards. Hence, it is vital to understand the factors which influence the adoption of accounting standards, as well as it is equally important to understand the advantages which SMEs can gain by adopting accounting standards. Thus, this study has two core aims, initially to identify the factors which influence the implementation of accounting standards and secondly the identification of the significant advantages which SMEs can achieve by the implementation of the same. For conducting the analysis the data has been collected from 100 SMEs operating in Jordan. Purposefully those SMEs were chosen with the help of a filter question that were adopting accounting standards. For evaluating the hypothesis, structural equation modelling has been applied. The results revealed that the adoption of accounting standards have benefits for the SMEs, whereas only demand for quality reporting and financial information external users have shown insignificant impact over usage of accounting standards, perhaps since it is not mandatory by the government. The study also opened horizons for future research, because there is yet a lot that need to be explored that why SMEs are reluctant in adopting accounting standards or what are the major hurdles in the adoption of financial accounting standards.
Keywords: Sustainability; Financial reporting; SMEs; Accounting standards; Taxation
JEL: G10; G19

Previous studies have shown a connection between financial literacy, financial inclusion, financial statements, MSME performance, and MSME sustainability. The results of the relationship between these variables varied, according to several studies. Therefore, the aim of this study was to investigate, the impact of financial literacy, financial inclusion, and financial statements on the performance and sustainability of MSME, moderated by the variable of business length. Bandar Lampung, Indonesia is situated in a very advantageous location with regard to the geopolitical constellations at the global, governmental, and regional levels. As a result, 100 MSME actors in Bandar Lampung, Indonesia, were asked to fill out a questionnaire, and the data was then analysed using PLS-SEM. The study found that each of these elements influenced MSME performance and sustainability in a positive way. Moreover, the sustainability of MSMEs is also positively impacted by MSME performance. Furthermore, the length of the business also improves the correlation between these factors. These results imply that business actors are more cognizant of the significance of the accounting process in their operations the longer a business has been in operation. The other findings indicate that the longer a business has been in operation, the more its business development will be influenced by that fact, as a well-established business will typically have more experience and grow more rapidly.
Keywords: Financial literacy; financial inclusion; financial statements; MSME’s performance; MSME’s sustainability
JEL: G53; G5; L2; M1

The Common agricultural policy (CAP) is the most integrated policy that offers an opportunity for the agricultural sector to respond to society's demands in terms of food security, safety, quality and sustainability as well as environmental care. New agriculture challenges in the framework of EU political priorities and greening of the sector are related to the implementation of three key objectives based on encouragement of a smart and sustainable agricultural sector; improving environmental care and climate change action; improving socio-economic role of rural areas. The study aims to research the farmers' attitudes implementation of ecological practices on farms using conjoint analysis, correlation analysis, SWOT analysis and descriptive analysis. The conjoint analysis answers a fundamental research question – would farmers carry out ecological practices without CAP support? In addition, we analyzed farmers' attitudes toward implementing mandatory and voluntary ecological practices in farms with or without CAP financial support. The study results confirm the research hypothesis that CAP greening is carried out at the cost of CAP payments. It was found that farmers would not carry out ecological practices without the CAP financial support during the 2023-2027 programming period in both the Blagoevgrad and Kyustendil regions in Bulgaria.
Keywords: CAP greening payments; farmers' motivation; conjoint analysis
JEL: Q10; Q12; Q15

Earnings from the tourism industry not only contribute to the expansion of an area's or nation's economy, but also result in the development of new jobs across a variety of industries, the accumulation of foreign currency, and the upgrading of economic infrastructure over the longer term. The purpose of this research is to investigate how income from tourism and inflation rates affect the pace of economic expansion in nations located in the Balkan region (Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, North Macedonia, Greece, Serbia, Croatia, Slovenia, Romania). The Balkans, the region of dynamic developments, diversity of lifestyles, rich historical heritage and authentic culture from ancient civilizations to the present, has various tourism potentials such as sea tourism, mountain tourism, cultural tourism, rural tourism, health tourism and ecotourism. The research covers the years 2005-2020 and includes data on the variables that impact economic development in the nations that make up the Balkan region. Since there were significant gaps in Kosovo's data, the country was excluded from the research. Panel data analysis was used in the research to investigate macroeconomic variables such as foreign tourism revenues and inflation rates in these nations. Both of these factors are related to tourism. In the research that was conducted using a panel analysis method, the conclusive analysis wasn't begun until after the appropriate assumption tests had been carried out. It has been determined, via the use of the Driscoll-Kraay technique of estimating, whether or not these factors have an effect on economic growth. Based on the data that was collected as a result of the investigation, it was determined that the expansion of the tourism sector in the nations that were chosen from the Balkan region does not have a substantial impact on the overall growth of the economies of these countries. In a similar vein, inflation rates were completely unrelated to growth.
Keywords: Tourism; Economic Growth; Tourism Revenues; Driscoll-Kraay; Balkan Countries
JEL: Z32; H27; O47; O52

The research aim is to study factors that can affect the Return on Assets for BUKU IV Banks in Indonesia. The paper uses monthly data from annual reports. The independent variables are Jakarta Interbank Spot Dollar Rate, Capital Adequacy Ratio, and Loan to Deposit Ratio. Data analysis is done by using multiple linear regression. There is partial effect between the Capital Adequacy Ratio towards Return on Asset, significantly. Furthermore, all of the independent variables have a simultaneous effect on the Return on Asset, significantly. Regarding the research limitations, future research can use the research object not limited to banking companies in order to generate a better research model. Future research may use longer periods for better prediction ability.
Keywords: Capital Adequacy Ratio; Jakarta Interbank Spot Dollar Rate; Loan to Deposit Ratio; Return on Asset
JEL: G10; G11; G14; G18

The introduction of effective desk audit in the system of state audit allows establishing a productive use of public funds, and avoiding misuse of the budget. Conditioned upon the spread of Covid and the tightening of quarantine measures, the situation with on-site tax inspections has become more complicated. In modern conditions, the importance of analysing the directions of this type of audit, its evaluation, and identifying the prospects for its development is increasing. The purpose of the article is to assess the current state and directions of development of desk audit in the state audit of the Republic of Kazakhstan, to identify possible problems during this type of tax audit and to find ways to solve them. The scientific article uses the following methods of research: the method of analysis of scientific sources, the method of information retrieval, the method of analytical review, the method of analysing regulatory documents on the subject of conducting a desk audit, the method of functional analysis, the method of analysing the root cause. The international practice of application of desk tax audit is studied. The assessment of the current state of desk audit in the system of state audit of the Republic of Kazakhstan was carried out. The directions of development of desk audit in the system of state audit are determined. The main results of this research can be considered not only the identification of problems during the desk audit, but also the determination of ways to solve them. The directions for improving the organisation of the process of desk audit are determined. The results of this scientific study, including the conclusions formed on their basis, contribute to the study of the problems of desk audit in the Republic of Kazakhstan.
Keywords: taxation; international experience; budgetary funds; financial control; violations; targeted use
JEL: H26; H83; H76; H61; H72; H77