Efficiency of capital formation of utility enterprises: the case of Ukraine
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Independent Journal of Management & Production |
Texto Completo: | http://www.ijmp.jor.br/index.php/ijmp/article/view/1501 |
Resumo: | The paper aims to analyze the approaches to capital formation of Ukrainian utility enterprises, identify their impact on the financial results of entities and formulate recommendations to ensure the efficiency of utility enterprises. The methodological basis of the study is comparative analysis, theoretical studies, statistical information, analytical data prepared by governmental and non-governmental bodies, the best practices. In the course of the research were collected and processed empirical data of 30 utility enterprises from 11 regions of Ukraine with different economic, demographic, climatic and administrative conditions. The conducted research confirms that the capital invested in the municipal enterprises does not increase their efficiency. Funding from a municipal budget without disclosure of the criteria for providing such resources does not enlarge the profitability of utility enterprises and often used to cover their losses, which lead to capital disruption. In order to increase the efficiency of utility enterprises and the fair distribution of municipal budget funds it was proposed to introduce the disclosure of additional information about capital formation; to strengthen the managers’ responsibility for the quality of publishing information with the introduction of special KPIs; and to conduct financial and performance audit, including in terms of capital formation. |
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Efficiency of capital formation of utility enterprises: the case of UkraineMunicipal (communal) EnterpriseMunicipal OwnershipUtility EnterpriseCapitalHousing and Utility ServicesEfficiencyAuditThe paper aims to analyze the approaches to capital formation of Ukrainian utility enterprises, identify their impact on the financial results of entities and formulate recommendations to ensure the efficiency of utility enterprises. The methodological basis of the study is comparative analysis, theoretical studies, statistical information, analytical data prepared by governmental and non-governmental bodies, the best practices. In the course of the research were collected and processed empirical data of 30 utility enterprises from 11 regions of Ukraine with different economic, demographic, climatic and administrative conditions. The conducted research confirms that the capital invested in the municipal enterprises does not increase their efficiency. Funding from a municipal budget without disclosure of the criteria for providing such resources does not enlarge the profitability of utility enterprises and often used to cover their losses, which lead to capital disruption. In order to increase the efficiency of utility enterprises and the fair distribution of municipal budget funds it was proposed to introduce the disclosure of additional information about capital formation; to strengthen the managers’ responsibility for the quality of publishing information with the introduction of special KPIs; and to conduct financial and performance audit, including in terms of capital formation.Independent2021-05-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttp://www.ijmp.jor.br/index.php/ijmp/article/view/150110.14807/ijmp.v12i3.1501Independent Journal of Management & Production; Vol. 12 No. 3 (2021): Independent Journal of Management & Production (Special Edition ISE, S&P); S001-S0182236-269X2236-269Xreponame:Independent Journal of Management & Productioninstname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)instacron:IJM&Penghttp://www.ijmp.jor.br/index.php/ijmp/article/view/1501/1948http://www.ijmp.jor.br/index.php/ijmp/article/view/1501/1949Copyright (c) 2021 Yulia Slobodyanik, Kateryna Bagatska, Hanna Silakova, Liudmyla Krot, Alina Korbutiakhttp://creativecommons.org/licenses/by-nc-sa/4.0info:eu-repo/semantics/openAccessSlobodyanik, YuliaBagatska, KaterynaSilakova, HannaKrot, LiudmylaKorbutiak, Alina2021-05-01T03:45:34Zoai:www.ijmp.jor.br:article/1501Revistahttp://www.ijmp.jor.br/PUBhttp://www.ijmp.jor.br/index.php/ijmp/oaiijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br||2236-269X2236-269Xopendoar:2021-05-01T03:45:34Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)false |
dc.title.none.fl_str_mv |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
title |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
spellingShingle |
Efficiency of capital formation of utility enterprises: the case of Ukraine Slobodyanik, Yulia Municipal (communal) Enterprise Municipal Ownership Utility Enterprise Capital Housing and Utility Services Efficiency Audit |
title_short |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
title_full |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
title_fullStr |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
title_full_unstemmed |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
title_sort |
Efficiency of capital formation of utility enterprises: the case of Ukraine |
author |
Slobodyanik, Yulia |
author_facet |
Slobodyanik, Yulia Bagatska, Kateryna Silakova, Hanna Krot, Liudmyla Korbutiak, Alina |
author_role |
author |
author2 |
Bagatska, Kateryna Silakova, Hanna Krot, Liudmyla Korbutiak, Alina |
author2_role |
author author author author |
dc.contributor.author.fl_str_mv |
Slobodyanik, Yulia Bagatska, Kateryna Silakova, Hanna Krot, Liudmyla Korbutiak, Alina |
dc.subject.por.fl_str_mv |
Municipal (communal) Enterprise Municipal Ownership Utility Enterprise Capital Housing and Utility Services Efficiency Audit |
topic |
Municipal (communal) Enterprise Municipal Ownership Utility Enterprise Capital Housing and Utility Services Efficiency Audit |
description |
The paper aims to analyze the approaches to capital formation of Ukrainian utility enterprises, identify their impact on the financial results of entities and formulate recommendations to ensure the efficiency of utility enterprises. The methodological basis of the study is comparative analysis, theoretical studies, statistical information, analytical data prepared by governmental and non-governmental bodies, the best practices. In the course of the research were collected and processed empirical data of 30 utility enterprises from 11 regions of Ukraine with different economic, demographic, climatic and administrative conditions. The conducted research confirms that the capital invested in the municipal enterprises does not increase their efficiency. Funding from a municipal budget without disclosure of the criteria for providing such resources does not enlarge the profitability of utility enterprises and often used to cover their losses, which lead to capital disruption. In order to increase the efficiency of utility enterprises and the fair distribution of municipal budget funds it was proposed to introduce the disclosure of additional information about capital formation; to strengthen the managers’ responsibility for the quality of publishing information with the introduction of special KPIs; and to conduct financial and performance audit, including in terms of capital formation. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-05-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1501 10.14807/ijmp.v12i3.1501 |
url |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1501 |
identifier_str_mv |
10.14807/ijmp.v12i3.1501 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
http://www.ijmp.jor.br/index.php/ijmp/article/view/1501/1948 http://www.ijmp.jor.br/index.php/ijmp/article/view/1501/1949 |
dc.rights.driver.fl_str_mv |
http://creativecommons.org/licenses/by-nc-sa/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
http://creativecommons.org/licenses/by-nc-sa/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf text/html |
dc.publisher.none.fl_str_mv |
Independent |
publisher.none.fl_str_mv |
Independent |
dc.source.none.fl_str_mv |
Independent Journal of Management & Production; Vol. 12 No. 3 (2021): Independent Journal of Management & Production (Special Edition ISE, S&P); S001-S018 2236-269X 2236-269X reponame:Independent Journal of Management & Production instname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) instacron:IJM&P |
instname_str |
Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) |
instacron_str |
IJM&P |
institution |
IJM&P |
reponame_str |
Independent Journal of Management & Production |
collection |
Independent Journal of Management & Production |
repository.name.fl_str_mv |
Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP) |
repository.mail.fl_str_mv |
ijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br|| |
_version_ |
1797220493928955904 |