Capitalization of banks: theory, practice and directions of ensuring

In the article, the essence of the concept of a banking institution “capitalization” is revealed. The current state of capitalization level of domestic banks is investigated. The directions of strengthening the capitalization are offered, which will increase the com¬petitiveness of domestic banking institutions in the world financial market and will ensure the national economy stability on the way toward integration into the world economy.It is proved that the prospects for the development of any bank are largely determined by its capitalization level. Lack of proper development inhibits both individual banks and the banking sector as a whole.In the context of the recent financial crisis, the provision of sufficient capital for banks has been one of the key issues, because the lack of capital was the greatest threat to the banking system stability. With this in mind, the issue of the banking system capitaliza¬tion is particularly topical.Today, the development of the Ukrainian banking system under economic instability has faced the increase in competitiveness of domestic banks compared with foreign ones, in order to preserve the national priorities of the banking system in general under conditions of foreign capital movement.The processes of concentration in the banking system of Ukraine are analyzed using Herfindahl-Hirschman index in terms of assets and equity, allowing to estimate the level of monopolization and, therefore, the impact on economic development. To con¬sider the increase in the level of capitalization and reliability of the banking institutions of Ukraine, it would be advisable, first of all, for banks to improve the quality of capital and to ensure a sufficient level of coverage of risks taken by banks

Financial and economic aspects of bioenergy development in the context of providing energy independence of Ukraine

The article deals with financial and economic meaning of bioenergy as an important component of the country’s energy security. The problem of transition to renewable energy sources, in particular biofuels, was investigated. The relevance of research is that biofuels can fully replace traditional energy resources, increase the level of economic efficiency of production and competitiveness of national economy, as well as reduce amount of harmful emissions into the environment. The purpose of research is to study and develop theoretical and practical principles of financial and economic development of bioenergy and its role in ensuring energy independence of Ukraine. In the context of financial and economic crisis and political instability, the development of bioenergy industry is of priority in dealing with main social and economic problems. One of the main aspects of bioenergy development is states’ concern and use of targeted state funding. Moreover, other perspective ways to implement bioenergy technologies in Ukraine are public private partnership and attraction of foreign direct investments. Economic assessment of different ways of full or partial replacement of natural gas has shown that they can be supplied with biomass, while the total capacity of introduced objects according to the bioenergy development program can save natural energy resources. According to the formula of the method of average medium, the forecast of optimistic and pessimistic scenario of energy potential development is developed. Energy independence of Ukraine can be ensured through effective implementation of alternative energy with full state support, which will lead to acceleration of economic development of the territories, increasing level of life of people and environmental security of the country

INSTITUTIONAL SECURITY IN RELATIONS OF OWNERSHIP OF NATURAL RESOURCES: STATE ENVIRONMENTAL AND ECONOMIC POLICY AND DECENTRALIZATION

The article defines the natural resource sphere of the national economy as the largest territorial and sectoral complex, which includes land, water, forest, mineral, natural and recreational and other types of resources. The lack of implementation of the allocation of a sufficient amount of funds aimed at the rationalization of nature use and the modernization of environmental infrastructure facilities, as well as the uneven distribution of capital investments for the protection and rational use of natural resources in the region for the period 2016-2022, was established. It is substantiated that in the conditions of decentralization of power, the general basis of institutional support for property relations over natural resources should be corporatization, development of rent relations, improvement of fiscal mechanisms in resource use, market-economic evaluation and capitalization of all-natural resources without exception at the local, regional and national levels. The theoretical foundations of the problems of institutional support in property relations in the conditions of decentralization of power have been deepened by determining the need to create an institutional system of property. This system provides for the development of lease relationships, approaches to investment projects, improvement of natural resource taxation mechanisms by improving the system of local taxes on the use of resources, and assessment of the value of natural resources at the micro, meso, and macro levels. The definition of ecological and economic problems of property relations is formulated, which, unlike the existing ones, are focused on the problems of attracting capital investments and current costs of the state for the protection of the natural environment in conditions of decentralization, as well as the fundamental basis for the formation of an institutional system of property in nature management, taking into account foreign experience. The results of the research can be used in the development of regional and national programs and forecasts on issues of nature management and environmental protection

CURRENT ISSUES OF ACCOUNTING, TAXATION, ANALYSIS AND AUDIT DEVELOPMENT IN MODERN CHALLENGES CONDITION

Іn this monograph, the authors summarized and supplemented the results of many scientific studies and developments. Considerable attention is paid to the study of accounting and taxation in the context of current trends in society and the economy; application of new methods of information processing and analysis, its understanding and interpretation; opportunities for convergence of national accounting and control models in the context of globalization of economic processes

Utilization of Knowledge Management as Business Resilience Strategy for Microentrepreneurs in Post-COVID-19 Economy

The COVID-19 outbreak affected the smooth operations of microentrepreneurs across the globe, including those in the Nigerian hospitality industry. However, it was discovered that the majority of microentrepreneurs were unable to utilize knowledge management to improve the resilience capacity of their businesses. It was this evidence that this study investigated regarding the effect of knowledge management on the business resilience of microentrepreneurs in Nigeria. A cross-sectional survey was used with a purposive sampling technique. This study found that knowledge management has a significant effect on the business resilience of microentrepreneurs. A sample size of 3018 was determined from the sample frame of 1520. This study concludes that knowledge management measured in terms of knowledge acquisition, knowledge storage, knowledge sharing and knowledge utilization has a significant effect on the business resilience of microentrepreneurs. One of the implications of this study is that microentrepreneurs should incorporate their experiences gathered during the COVID-19 era to strengthen the resilience of their businesses in the post-COVID-19 work economy