Efficiency and internationalization of mining and metallurgical groups of Ukraine
/ 1
- Details
- Category: Content №2 2023
- Last Updated on 28 April 2023
- Published on 30 November -0001
- Hits: 3782
Authors:
O.G.Vagonova*, orcid.org/0000-0001-6553-7771, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
N.G.Metelenko, orcid.org/0000-0002-6757-3124, Engineering Educational and Scientific Institute named after Yu.M.Potebni of Zaporizhzhia National University, Zaporizhzhia, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
O.O.Shapurov, orcid.org/0000-0002-4381-4886, Engineering Educational and Scientific Institute named after Yu. M. Potebni of Zaporizhzhia National University, Zaporizhzhia, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
V.V.Chornobayev, orcid.org/0000-0001-6624-6423, Dnipro University of Technology, Dnipro, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2023, (2): 177 - 183
https://doi.org/10.33271/nvngu/2023-2/177
Abstract:
Purpose. Development of a structural and systemic approach to determining the effectiveness of the functioning and internationalization of the country’s mining and metallurgical industrial groups and the formation of their possible development vectors.
Methodology. The results of the presented scientific research were obtained using general and special methods of cognition: abstract-logical analysis, systematization and combination, method of theoretical generalization, method of dialectical cognition, deduction and induction, statistical analysis, econometric method of trend formation.
Findings. Approaches to the determination of performance indicators and the level of internationalization of mining and metallurgical industrial groups, which were dynamically formed in the modern conditions of the functioning of multinational companies, were systematized. Principles of calculation, system of indicators of efficiency and level of internationalization, which were chosen to evaluate the leading mining and metallurgical industrial groups of Ukraine, and methodical approaches to the calculation of performance indicators and evaluation of the level of internationalization were substantiated, and analytical conclusions were formulated. The forecast was made and the development vectors of the country’s leading mining and metallurgical industrial groups were established based on the econometric calculations.
Originality. Structural and systemic approach was justified to measuring the efficiency of operation and the level of internationalization of mining and metallurgical industrial groups of Ukraine, which is built on the principle of hierarchy, includes logically consecutive stages and provides an opportunity to determine the actual development vectors of mining and metallurgical industrial groups of Ukraine based on the econometric trend. A close relationship was established (on the basis of the calculation of the coefficient of determination) of performance indicators and the level of internationalization of mining and metallurgical industrial groups of Ukraine with the time factor. At the specification stage, trends (parabolic, logarithmic, hyperbolic, linear ones) were selected, their parameters were estimated by the method of least squares. The statistical significance of the equation was tested using the coefficient of determination and Fisher’s test.
Practical value. It consists in the possibility of using the results of the conducted research for scientific developments and practical activities. The feasibility of systematic use of performance indicators and the level of internationalization in the practical activities of the leading mining and metallurgical industrial groups of Ukraine has been proven. The structural and systemic approach, which is built on the principle of hierarchy, provides an opportunity to determine the current development vectors of the leading mining and metallurgical industrial groups of Ukraine .
Keywords: mining and metallurgical industry, internationalization, operational efficiency, operating profit, foreign assets, industrial groups
References:
1. Maksimova, M. V., & Cherednychenko, D. S. (2019). Theoretical approaches to the formation of a system of indicators for assessing the company’s profit. Efficient economy, (8). https://doi.org/10.32702/2307-2105-2019.8.44.
2. Nusinov, V. Ya., Shura, N. O., & Burkova, L. A. (2016). Comprehensive review to assess the effectiveness of business operations in the public administration system. Efficient economy, (6), 4.
3. Mateev, M., & Andonov, K. (2016). Do cross-border and domestic bidding firms perform differently? New evidence from continental Europe and the UK. Research in International Business and Finance, 37, 327-349. https://doi.org/10.1016/j.ribaf.2016.01.001.
4. Rugman Alan, M., & Oh Chang Hoon (2010). Does the regional nature of multinationals affect the multinationality and performance relationship? International Business Review, 19, 479-488. https://doi.org/10.1016/j.ibusrev.2009.02.012.
5. Magni, C. A. (2015). Investment, financing and the role of ROA and WACC in value creation. European Journal of Operational Research, 244(3), 479-488. https://doi.org/10.1016/j.ejor.2015.02.010.
6. Arato, H., & Yamada, K. (2012). Japan’s intangible capital and valuation of corporations in a neoclassical framework. Review of Economic Dynamics, 15(4), 459-478. https://doi.org/10.1016/j.red.2012.01.001.
7. Holov, S. (2015). Appearance and soundness based on the concept of added value. Accounting form and audit, (8-9). Retrieved from http://nbuv.gov.ua/UJRN/boau_2015_8-9_2.
8. Fedorovych, R. (2013). The need for the use of art methods in management technologies. Galician Economic Bulletin, 3(42), 60-72. Retrieved from https://core.ac.uk/download/pdf/60800905.pdf.
9. Shin, J., Mendoza, X., Hawkins, M. A., & Choi, C. (2017). The relationship between multinationality and performance: Knowledge-intensive vs. capital-intensive service micro-multinational enterprises. International Business Review, 26(5), 867-880. https://doi.org/10.1016/j.ibusrev.2017.02.005.
10. Pereira, V., Temouri, Y., Budhwar, P., & Tarba, S. (2020). Cross-border acquisition performance of emerging market multinational enterprises: The moderating role of state-ownership and acquisition experience. Long Range Planning, 54(6), 63-83. https://doi.org/10.1016/j.lrp.2021.102107.
11. Quyen, T., Nguyen, K., & Kim, S. (2021). The multinationality and performance relationship: Revisiting the literature and exploring the implications. International Business Review, 29(2). https://doi.org/10.1016/j.ibusrev.2020.101670.
12. Blahun, I. S., & Ilchuk, P. H. (2014). Methods of assessing the level of internationalization of enterprises. Economics and forecasting, (4), 97-109. Retrieved from http://eip.org.ua/docs/EP_14_4_97_uk.pdf.
13. GMK Centre (n.d.). Which enterprises of MMC work in Ukraine. Retrieved from https://gmk.center/ua/posts/iaki-pidpryiemstva-hmk-pratsiuiut-v-ukraini-7-kvitnia-2022-roku/.
14. Interpipe (n.d.). Financial reporting 2015–2021. Retrieved from https://interpipe.biz/investors/Reports_and_Presentations/Interim.
15. Metinvest (n.d.). Financial reporting 2015–2021. Retrieved from https://metinvestholding.com/ua/investor/reportresults.
16. ArcelorMittal (n.d.). Financial reporting 2015–2021. Retrieved from https://corporate.arcelormittal.com/investors/financial-reports.
17. Ferrexpo (n.d.). Financial reporting 2015–2021. Retrieved from https://www.ferrexpo.com/investors/results-reports-and-presentations/.
Newer news items:
Older news items:
- Peculiarities of evaluating the results of implementation of regional development programs in Ukraine - 28/04/2023 00:36
- Economic security of Ukraine under the destructive influence of exogenous determinants - 28/04/2023 00:36
- Prospective methods for determining water losses from irrigation systems to ensure food and water security of Ukraine - 28/04/2023 00:36
- The impact of Industry 4.0 on the digital transformation of manufacturing enterprises in Ukraine - 28/04/2023 00:36
- Influence of Industry 4.0 on strategies of companies entering the global market of data integration services - 28/04/2023 00:36
- Increasing the efficiency of using backline and private railway infrastructure in the conditions of the transportation market - 28/04/2023 00:36
- Phenol adsorption onto olive pomace activated carbon: modelling and optimization - 28/04/2023 00:36
- Theoretical and legal aspects of the regulation of environmental and land legal relations in the conditions of martial law in Ukraine - 28/04/2023 00:36
- Social responsibility for the safety and health of employees at work - 28/04/2023 00:36
- Improving the process of occupational risk management according to the Haddon matrix - 28/04/2023 00:36
