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Journal of Applied Management and Investments



ISSN 2225-3467



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Current Issues & Archive

 Volume 10 Issue 1 2021                                  Abstracts







 Theoretical Approaches of SME Internationalization

I. Burakovsky, A. Voloshyn       

Globalization is one of the key features of today. Most economies are open and therefore economic agents are exposed to external influences, which can be manifested through exports, imports and competition. The main issue of the paper is how an enterprise in the SME sector should carry out the process of internationalization based on available resources and the economic system of the country in which it operates. The main theoretical models of internationalization are considered in the paper and their comparison with the possibility of application in the Ukrainian realities is made.

Keywords: SMEs, internationalization, enterprise, Melitz model, Uppsala model

JEL Codes: F13, F50, F60

Citation: Burakovsky, I. and Voloshyn, A. (2021), “Theoretical Approaches of SME Internationalization”, Journal of Applied Management and Investments, Vol. 10 No. 1, pp. 1-9.


  Non-Performing Loans and Systemic Risk of Indian Banks        

M. Dash

This study examines the role of non-performing loans in systemic risk for Indian banks using a fixed-effects panel regression model, with bank fixed effects and year fixed effects. The moderator variables considered for the study include bank size, capital adequacy, leverage, deposits, loans & advances, and investments. The study introduces the concept of maximum level of non-performing loans for neutral systemic risk, which is the level of net non-performing loans to net advances for which the systemic risk is non-positive. The results of the study indicate that bank size, capital adequacy, and loans & advances have a significant impact on the maximum level of non-performing loans for neutral systemic risk. Further, the results of the study indicate major differences in the role of non-performing loans in systemic impact for public sector and private sector banks. The study suggests that the model can be used to set maximum levels of non-performing loans for individual banks with estimates or projections of the bank’s characteristics.

Keywords:    systemic risk, non-performing loans, neutral systemic risk, public sector banks, private sector banks

JEL Codes:  G32, H81, G21

Citation:   Dash, M. (2021), “Non-Performing Loans and Systemic Risk of Indian Banks”, Journal of Applied Management and Investments, Vol. 10 No. 1, pp. 10-20.


   How Can Ukraine Achieve Internal and External Stability and Sustainable Growth?

H. Þ. Hilmarsson

The objective of the article is to discuss how Ukraine can achieve internal and external stability and sustainable economic growth. The article argues that more inclusive and sustainable economic growth in Ukraine will require increased productivity of the economy with skilled workforce and adequate physical capital, more benefits from international trade and investment supported by closer integration into the global economy, and well-governed economy with stronger domestic institutions to withstand pressures from vested interests. At the center of these goals, the strength and durability of the transformation will depend upon successful structural reforms, commitment by political leaders in the coming years and stronger support from the international community. The US, EU and NATO should make more efforts to help Ukraine resolve the current conflict with Russia, and Russia needs to stop the military engagement in Ukraine to allow the country recover and benefit for more integration and cooperation with the West. At the same time, NATO membership and full EU membership should not be considered for now, but Ukraine should be an independent and neutral buffer state between the East and the West, with full access to the EU common market and free from the devastating effects of the current East-West competition for its people and territory. Internal and external stability is critical for fast and sustained economic growth and for Ukraine’s ability to keep more of its young and most talented human capital within its borders. Ukraine needs increased financial support from the EU, US, IMF, and the World Bank for the reconstruction of its economy.

Keywords:   economic crisis, investment, capital, security, Ukraine

JEL Codes:   F10, E60, N14

Citation: Hilmarsson, H. Þ. (2020), “How Can Ukraine Achieve Internal and External Stability and Sustainable Growth?”, Journal of Applied Management and Investments, Vol. 10 No. 1, pp. 21-30.


   Implications of theIndustry 4.0” Concept on Management Practice       

Y. Hrinchenko

“Industry 4.0” concept was developed to meet the challenge of technology progress in the field of data processing, artificial intelligence, robotics and cyber-physical systems. This concept changes the production systems to serve efficiently various customer demands. The major obstacles for successful implementation of “Industry 4.0” from a CEO perspective are unclear economic benefits and excessive investments and lack of qualified employees. The readiness to adopt new approaches in engineering, management and education defines national strategies for the forth industrial revolution progress. The new concept of manufacturing builds integrated and customer-oriented supply-chains, so the outputs and inputs go beyond processes boundaries. The radical change in manufacturing design requires a new set of skills for engineers, managers and employees. Management experiences a substantial shift from functional-based to customer-value oriented logic. Meaning of efficiency and effectiveness, scope of planning and control, organizational design for power and task distribution, communication patterns and coordination networks challenges profound changes both in meaning and form. More flexible and complex environment, patterns for instant coordination, priority for autonomous decision-making require new skills and new attitudes for employees and managers to exploit all benefits of “Industry 4.0”.

Keywords:   Industry 4.0, smart factory, digital manufacturing, cyber-physical systems, organizational design, customer-oriented supply chain, efficiency, management paradigm

JEL Codes:  O33, M11, O14

Citation:  Hrinchenko, Y. (2021), “Implications of the “Industry 4.0” Concept on Management Practice”, Journal of Applied Management and Investments, Vol. 10 No. 1, pp. 31-41.







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