Impact of the participatory financing of international development projects on social capital of the local communities
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Author(s)Yuriy PetrushenkoLink to ORCID Index: https://orcid.org/0000-0001-9902-7577
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Nadiya Kostyuchenko
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Denys SmolennikovLink to ORCID Index: https://orcid.org/0000-0001-8418-051X
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Anna VorontsovaLink to ORCID Index: https://orcid.org/0000-0003-0603-3869
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DOIhttp://dx.doi.org/10.21511/ppm.15(3-1).2017.02
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Article InfoVolume 15 2017, Issue #3, pp. 183-192
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250 Downloads
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Creative Commons Attribution-NonCommercial 4.0 International License
To date, the promotion of local development of the territorial communities by means of the financial policy tools is one of the priority directions of scientific research not only in Ukraine, but also throughout the world. The article presents the results of the study of the impact of the participatory financing (attraction of the financial resources of community members, central and local budgets and the international donors) on the social capital of the territorial communities of Sumy region on the basis of the results of two phases of the project “Community-based Approach to Local Development”, which has been implemented in Ukraine by the United Nations Development Program since 2007. The main purpose of the article is to confirm the hypothesis that the participatory financing contributes to the social mobilization of the community residents, which leads to the activation of the “dormant” potential of collective actions and the desire of people to help themselves, as well as to improve some indicators of social capital. The difference-in-differences method and the multivariate regression analysis were used for the study. According to the results of the study, the characteristics of social capital, such as (anti)paternalism, the presence of traditions in community, involvement in social activities, collective action and cooperation are the most affected by the impact of participatory financing.
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JEL Classification (Paper profile tab)R11, H72, Z13, C20
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References19
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Tables3
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Figures0
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- Table 1. The average values of characteristics of social capital and their change as a result of the impact of participative financing
- Table 2. The results of multivariate regression analysis of the impact of the participatory financing mechanism of the project “Community-based Approach to Local Development” (2007–2011) on the characteristics of social capital (found on the basis of soft
- Table 3. The outcomes of the multivariate regression analysis of the impact of the participatory financing mechanism of the project “Community-based Approach to Local Development” (2011–2014) on the characteristics of social capital (found on the basis of
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A financial performance-based assessment of SMEs’ competitiveness – an analysis of Hungarian and US small businesses
Vivien Csapi ,
Virgínia Balogh
doi: http://dx.doi.org/10.21511/ppm.18(3).2020.37
Problems and Perspectives in Management Volume 18, 2020 Issue #3 pp. 452-464 Views: 2208 Downloads: 1293 TO CITE АНОТАЦІЯThe study aims to identify the financial performance measures used as a proxy of the firm-level competitiveness dimensions of small and medium-sized enterprises and their competitiveness. By investigating the factors that affect competitiveness in general, those areas will be introduced, related to an identified competitiveness dimension. Financial and non-financial performance indicators will assess these areas. The paper considers competitiveness as an outcome variable, suggests a relationship between financial performance and the identified areas, and searches for the financial performance measures drivers.
A panel data model was tested on Hungarian small and medium-sized enterprises (SMEs) and US SMEs. The collected data cover the period between 2013 and 2017. As a result of the applied panel regression, those variables were successfully identified that drive and could predict financial performance measures related to competitiveness. The research found a significant difference between the two-sample dataset results, which differences can be connected to country, industry, and, in general, to economic development characteristics.
The results provide decision-making support and hint about the managerial tools and techniques aiming to control the firm characteristics, performance, and, eventually, firm-level competitiveness. Based on the results, further research can be dedicated to the development characteristics of firm-level competitiveness and the analysis of the relationship between the competitiveness dimensions and competitiveness itself.Acknowledgment
The research was financed by the Higher Education Institutional Excellence Programme of the Ministry for Innovation and Technology in Hungary, within the framework of the 4th thematic programme „Enhancing the Role of Domestic Companies in the Reindustrialization of Hungary” of the University of Pécs. -
Corporate social responsibility practices of business firms in Dubai during the COVID-19 pandemic
Abubaker Mousa Eltoum , Aminurraasyid Yatiban ,
Rusdi Omar ,
Rabiul Islam
doi: http://dx.doi.org/10.21511/ppm.19(1).2021.20
Problems and Perspectives in Management Volume 19, 2021 Issue #1 pp. 231-243 Views: 1642 Downloads: 451 TO CITE АНОТАЦІЯDuring the first quarter of 2020, COVID-19 spread worldwide, claiming lives of thousands of people every day. This marked the beginning of all emergency and business continuity plans around the world. This study attempts to study people’s awareness of CSR practices among business firms in Dubai and investigate people’s evaluation of these CSR practices during the COVID-19 pandemic. The study employs a quantitative research method and mainly uses questionnaires for data collection. 199 respondents are selected from different business firms in Dubai. Expert interviews are also conducted for triangulation purposes. It involves the Dubai community with various backgrounds and status. This study shows that a large scheme of the Dubai community has a decent level of expertise in sustainability and corporate social responsibility. It also shows that firms that have implemented CSR before the crisis will mostly be better suited to play a supportive role for government and society during the crisis.
Acknowledgment
Research grant provided by the Fundamental Research Grant Scheme [FRGS/1/2017/SS01/UUM/02/23] under Ministry of Higher Education, Malaysia, and University Utara Malaysia (SO Code: 13806) is gratefully acknowledged. -
Investing assets of non-state pension funds in bonds
Svіtlana Achkasova ,
Anastasiia Urum
doi: http://dx.doi.org/10.21511/dm.5(1).2019.01
Non-state pension funds play an important role in the development of the economy. The development of the system of non-state pension provision, which includes non-state pension funds, complies with the main aspects of the Ukraine – 2020 Sustainable Development Strategy. The importance of selecting investment areas for non-state pension funds results in the need to further explore and find ways to improve the investment process. The purpose of the article is to develop theoretical and methodological aspects of investing assets of non-state pension funds in bonds. The study object is the investment activity of non-state pension funds. The following methods are used: vertical and horizontal analysis, SWOT analysis, regression analysis, graphical and tabular methods. It is determined that effective investment of non-state pension funds’ assets provides an increase in the value of assets, which in turn enables participants of non-state pension funds to enhance the quality of life. Involving non-state pension funds in the stock market and their interaction with other entities in this market are illustrated by the investment in bonds example. The market of bonds in Ukraine for 2013-2017 has been analyzed and the tendency towards development has been determined. The possibilities and threats of investment of non-state pension funds’ assets in bonds are substantiated. The approach to determining the impact of factors on the government bond yields, in particular, bonds of domestic state loans and bonds of enterprises has been further developed. This approach, unlike the existing ones, provides for the use of regression analysis and takes into account changes in the environment according to factors (consumer price index and household income for government bonds, the number of enterprises and the discount rate of the National Bank of Ukraine for bonds of enterprises). That is of practical importance and will make it possible to improve the investment strategy of non-state pension fund assets in bonds.
