Identifying key risks to the stability of Ukrainian universities during wartime
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Received November 21, 2024;Accepted January 22, 2025;Published February 1, 2025
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Author(s)Link to ORCID Index: https://orcid.org/0000-0003-3470-4172Link to ORCID Index: https://orcid.org/0000-0002-5904-0758Link to ORCID Index: https://orcid.org/0000-0001-8683-6834Link to ORCID Index: https://orcid.org/0009-0004-6700-4425Link to ORCID Index: https://orcid.org/0000-0003-0110-7080
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DOIhttp://dx.doi.org/10.21511/ppm.23(2-si).2025.05
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Article InfoVolume 23 2025, Issue #2 (spec. issue), pp. 54-70
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Ukrainian universities operate under uncertain conditions and numerous challenges during wartime, significantly affecting their stability. This paper aims to identify and classify the key risks to the stability of Ukrainian universities during wartime and propose proactive tools for their mitigation. The study focuses on financial, personnel, and social risks, which are highlighted as the most critical under current circumstances. The data were sourced from the official websites of 10 universities, Open Budget, and the official websites of the Ministry of Finance of Ukraine and the State Statistics Service of Ukraine. The methodology combines theoretical analysis and statistical evaluation, including calculating marginal income – representing the portion of income covered by variable costs – and the operating margin ratio, defined as the ratio of marginal income to total income. Financial risks include a 7.9% reduction in education budget allocations, decreased subsidies, and insufficient state support. Personnel risks are analyzed through indicators, e.g., uncompetitive average hourly wages, leading to staff attrition and reduced motivation. The findings propose a multi-level classification of risks, categorizing them into external and internal with subcategories such as financial, personnel, and social ones. Non-traditional financial measures, such as unpaid leave and allowance reductions, were observed as short-term crisis strategies but require further evaluation to assess their long-term impact. The paper contributes to academic discourse by outlining challenges to university stability during wartime and providing a foundation for future research into effective risk mitigation strategies.
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JEL Classification (Paper profile tab)I22, I23, I25, М12
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References40
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Tables2
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Figures4
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- Figure 1. The multi-level classification of the risks to the stability of universities
- Figure 2. Changes in consolidated budget expenditures for HEIs
- Figure A1. The dynamics of income growth of Ukrainian universities
- Figure A2. Changes in the share of marginal income and operating margin ratio of universities
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- Table 1. Average hourly wages for certain types of economic activity in Ukraine and the USA
- Table 2. The level of salaries of the scientific and pedagogical employees in Ukraine, 2022–2024
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Conceptualization
Olha Doronina, Liudmyla Yurchyshena, Ihor Vechirko, Tetiana Kulinich
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Methodology
Olha Doronina, Liudmyla Yurchyshena, Tetiana Kulinich
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Project administration
Olha Doronina, Liudmyla Yurchyshena, Kseniia Bondarevska
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Software
Olha Doronina, Ihor Vechirko
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Supervision
Olha Doronina, Ihor Vechirko
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Validation
Olha Doronina, Liudmyla Yurchyshena, Kseniia Bondarevska, Tetiana Kulinich
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Writing – review & editing
Olha Doronina, Liudmyla Yurchyshena, Tetiana Kulinich
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Formal Analysis
Liudmyla Yurchyshena, Kseniia Bondarevska
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Visualization
Liudmyla Yurchyshena, Ihor Vechirko
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Writing – original draft
Liudmyla Yurchyshena
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Data curation
Kseniia Bondarevska, Ihor Vechirko, Tetiana Kulinich
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Funding acquisition
Kseniia Bondarevska, Ihor Vechirko, Tetiana Kulinich
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Investigation
Kseniia Bondarevska, Ihor Vechirko
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Resources
Tetiana Kulinich
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Conceptualization
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Effect of work motivation and job satisfaction on employee performance: Mediating role of employee engagement
Problems and Perspectives in Management Volume 19, 2021 Issue #3 pp. 162-174 Views: 10684 Downloads: 8014 TO CITE АНОТАЦІЯTechnological developments are things that must be followed by companies to achieve a competitive advantage to improve performance. To achieve and improve performance, companies need active employee engagement by encouraging motivation and fulfilling their job satisfaction. This study aims to analyze the effect of motivation and job satisfaction on performance with employee engagement as a mediating variable. The research sample is Information Technology (IT) companies located in the cities of Jakarta and Bandung, Indonesia. Research respondents are system developers who handle system development activities for a project or part of an ongoing project. By using the convenience sampling technique 103 responses were obtained from IT developers. The research model analysis method uses Partial Least Square (PLS) with SMART PLS Ver 3.0 software. Empirical findings prove that motivation has a positive effect on the performance of IT employees, while job satisfaction is independent. Employee engagement does not directly affect employee performance, but the effect of mediation through motivation and job satisfaction can have a significant effect on employee performance. The research findings have managerial implications, in increasing high employee involvement, motivation needs to be encouraged to be more active and innovative, and facilitate the achievement of the desired results.
Acknowledgment
This study was made possible because of the full support of the Region III Education Service Institute (LL-DIKTI III), the Ministry of Education and Culture of the Republic of Indonesia, and the Research Center at Mercu Buana University, Jakarta. -
Management of enterprise’s financial sustainability and improvement of its methods
Galyna Azarenkova , Olena Golovko , Kateryna Abrosimova doi: http://dx.doi.org/10.21511/afc.02(1).2018.01Accounting and Financial Control Volume 2, 2018-2019 Issue #1 pp. 1-14 Views: 5461 Downloads: 768 TO CITE АНОТАЦІЯThe article is dedicated to the solution of the relevant issue, concerning management of enterprise`s financial sustainability. Financial sustainability assessment is one of the most important principles of enterprise`s activity, which provides information about financial capabilities of the company at the time of its evaluation and for the future. It is a requirement for the enterprise activity, which provides a high level of competitiveness, efficiency and intensity. Thus, the restoration and strengthening of financial sustainability is a priority task for the enterprise, a basic precondition for its effective functioning. The purpose of the research is to analyze financial sustainability and to improve the methods and approaches of its evaluation. The following methods were used in this research: financial and economic analysis, economic and mathematical modeling, analysis and synthesis, comparison. The main results of the study are following: the theoretical and essential characteristics of enterprise financial sustainability has been determined; the financial status of PJSC “Turboatom” has been analyzed; the taxonomic index of financial sustainability has been calculated and the forecast of its significance has been made, the approaches to increase enterprise financial sustainability have been proposed.
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