Problems and Perspectives in Management

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ISSN / EISSN : 1727-7051 / 1810-5467
Current Publisher: LLC CPC Business Perspectives (10.21511)
Total articles ≅ 774
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Problems and Perspectives in Management, Volume 18, pp 153-166; doi:10.21511/ppm.18(4).2020.14

Development of the system of ensuring quality in higher education of Ukraine grounded the creation of such management subject as a guarantor of the educational program. However, a formal understanding of the role and uncertainty of the guarantor’s status in the contemporary area of managing higher education institutions became the widespread consequence of those innovations. Considering the stated above, various models of managing the quality of educational programs with the help of the guarantor have been developed in the research, and conditions for efficient application of such models in Ukrainian universities have been grounded. The research is based on the application of the strategic analysis method GAP for identifying issues and features of organizing management in systems of internal quality assurance in universities, and methods of modeling and graphical analysis method for creating alternative management systems in educational programs with and without such professional educational-scientific structural subdivisions as departments. As a result, the developed models include the rational organization of management of educational programs under the conditions of centralized and decentralized systems of internal educational quality assurance provision. For instance, it could create favorable conditions for decreasing bureaucracy and repetition of functions in the management system of universities and lead to the realization of the individual potential of guarantors as managers-experts in educational programs. Acknowledgment To the National Agency for Higher Education Quality Assurance for the possibility to take part in accreditation expertise and consulting evaluation of educational programs in universities of Ukraine. The research was carried out also within the context of the tasks of Ukrainian-American international project “Program of professional development of them managerial staff in Ukrainian universities,” which was initiated by the investment company “Rayter Inc.” (The USA). In addition, we are thankful to the Czech Development Cooperation support, which allowed this scientific cooperation to start (through projects: “Strengthening scientific capacities and cooperation of Ukrainian universities in AgriSciences” and “Interuniversity cooperation as a tool to improve the quality of selected universities in Ukraine”).
Maxim Polyakov, Vladimir Bilozubenko, Maxim Korneyev, Natalia Nebaba
Problems and Perspectives in Management, Volume 18, pp 142-152; doi:10.21511/ppm.18(4).2020.13

In the context of globalization of the educational services market, competition between universities is becoming more intense. This manifests itself, among other things, in the struggle for positions in international university rankings. Given that universities are evaluated according to many criteria in such rankings, it becomes necessary to identify the most significant factors in determining their positions.This study aims to identify the key factors determining the world’s leading universities’ leadership in international university rankings. The numerical values of the criteria for compiling the QS World University Rankings (QS) and Times Higher Education (THE) rankings were an empirical basis for the study. The analysis covered the Top 50 universities (according to the QS ranking) and was conducted based on reports for 2020 and 2021.At first, clustering was carried out (method – k-means); the data set was the combination of numerical values of QS and THE criteria (six and five criteria, respectively). The universities were divided into three clusters in 2020 (23, 19, 8 universities) and 2021 (23, 17, 10 universities). This showed the universities’ leadership relative to each other for each year.At the second stage, classification processing was performed (method – decision trees). As a result, criteria combinations that give an absolute separation of all clusters (2020 – five combinations; 2021 – eight combinations) were identified. The obtained combinations largely determine universities’ affiliation to clusters; their criteria are recognized as key factors of their leadership in the rankings. This study’s results can serve as guidelines for improving universities’ positions in the rankings.
Mofijul Hoq Masum, Ahmed Razman Abdul Latiff, Mohammad Noor Hisham Osman
Problems and Perspectives in Management, Volume 18, pp 130-141; doi:10.21511/ppm.18(4).2020.12

Corporate voluntary disclosure becomes a burning issue in the literature of accounting throughout the last two decades. The study aims to explore the most crucial determinants that influence corporate voluntary disclosure in a transition economy. A cross-sectional study based on the pharmaceutical and chemical companies listed in the Dhaka Stock Exchange is conducted to reconnoiter the crucial determinants affecting the voluntary disclosure. Based on the agency theory, stakeholder theory, and previous literature, the determinants are selected. An unweighted disclosure index is used to measure the extent of voluntary disclosure; after that, a multivariate analysis is steered to reconnoiter the key determinants of voluntary disclosure. It is found that firm leverage and firm liquidity are the key determinants that significantly influence the corporate voluntary disclosure in a transition economy. In contrast, no significant positive association is found between voluntary disclosure and board size. In additon, it is also found that market category significantly influences voluntary disclosure with an inverse direction. This study has important implications for both the corporate people and the regulatory bodies of the transition economy. The study also helps various stakeholders of the transition economy – Bangladesh, in designing their strategies regarding the most significant determinants of voluntary disclosure. Acknowledgment We are very thankful to the Institute of Advanced Research (IAR), United International University, Bangladesh, to grant us the fund by mobilizing which we generate our required data for the study and complete this empirical study.
Ilgar Seyfullayev
Problems and Perspectives in Management, Volume 18, pp 121-129; doi:10.21511/ppm.18(4).2020.11

In the modern world, many developing countries take protective measures to develop domestic industries and diversify their economies to ensure economic sustainability. This issue is a priority, especially in those countries where economic development is provided mainly through the export of natural resources. This article aims to assess the impact of protectionist measures on the development of non-resource sectors of the economy. The object of the study is the non-oil sector of the Azerbaijani economy, where oil revenues account for over 80% of the country’s total exports. The study covers the 2005–2019 years. Granger Causality test in the VAR environment was used to identify and assess the causal relationship between protectionist measures and the non-oil sector development. It was revealed that such indicators as “customs revenues” and “exchange rate” do not increase non-oil GDP. The study results suggest that increasing the effectiveness of protectionism (in terms of economic growth) requires more reasonable and consistent regulatory measures. Targeting priority sectors and establishing monitoring mechanisms on the results of protectionist measures is also a priority for assessing their feasibility.
Liudmyla Deineko, Mykola Sychevskiy, Olga Kovalenko, Olena Tsyplitska, Oleksandr Deineko
Problems and Perspectives in Management, Volume 18, pp 107-120; doi:10.21511/ppm.18(4).2020.10

The research aims to identify industrial and other economic sectors’ contribution to the regional divergence in Eastern European countries, particularly Poland and Ukraine. The ambiguity of the results of previous studies on the factors of regional convergence indicates the need for further research, considering the peculiarities of distinct economies’ development. The countries selected for analysis – Ukraine and Poland – had similar starting conditions for market transformation, have a common border, and a comparable population. The analysis of regional inequality in Ukraine revealed a tendency of asymmetric regions’ growth in 2010–2017. In Poland, divergent trends in regional development in 2009–2017 were significantly less pronounced. The statistical method to identify the impact of the industrial, agricultural, and service sectors on regional σ-convergence based on coefficients of variation measuring the differences in regional economies’ sectoral structure was used. The analysis demonstrated that, in general, the uneven structure of regional economies does not significantly impact any of the analyzed countries, which confirmed the results of some other studies. Simultaneously, it highlighted that the industrial sector had the greatest impact on regional divergence in Poland. Despite the dominant role of services in regional divergence in Ukraine, most researchers emphasize the importance of the industrial sector for regional development. To consider this factor in the regional divergence of Ukrainian regions, some regional policy implications were considered.
Gede Adi Yuniarta, I Gusti Ayu Purnamawati
Problems and Perspectives in Management, Volume 18, pp 96-106; doi:10.21511/ppm.18(4).2020.09

Transparency is a challenge for public administration reforms for now and beyond towards modern and better governance. The economic crisis that occurred has led to a large erosion of public confidence in the effectiveness of government financial management. This study aims to analyze the key elements of local government transparency in new public governance. The research data was obtained through financial reports on local government websites. The sample selection technique used purposive judgment sampling and yielded a total of 262 local governments in Indonesia. The analytical method used is logistic regression analysis. The results showed that key elements, reflected by the local government size and local financial independence ratio, had a significant influence on the implementation of internet financial reporting, while audit opinions do not have a significant effect. This is due to changes in public perception of the quality of audit opinions provided by the Audit Board. This study emphasizes that local governments that receive a fair or unfair audit opinion cannot prove with certainty that the local government has performed good or poor financial management. Audit opinions obtained by local governments do not always facilitate the publication of financial statements on their official websites.
Odunayo Olarewaju, Mzwandile Mbambo, Brian Ngiba
Problems and Perspectives in Management, Volume 18, pp 85-95; doi:10.21511/ppm.18(4).2020.08

The inflation accounting technique allows a business to show or have a sensible picture of their gains due to present cost coordinates with present revenues. Thus, the effects of inflation accounting on organizational decisions and financial performance of Kwa-Zulu Natal retail stores were evaluated in this study. The study used a quantitative research method. A total of 161 completed questionnaires were received from respondents in the selected 20 listed stores in Kwa-Zulu Natal. Thus, the Exploratory Factor Analysis and linear regressions were employed in this study. The empirical study reveals how inflation accounting significantly impacts organizational decisions and financial performance of the retail business with such coefficients (F (1, 159) = 49.269, p < .0005; F (1, 159) = 28.959, p < .0005). The findings of this study highlighted positive relationships between the variables that were used. Thus, the study recommends that retail stores always consider inflation changes and apply inflation accounting techniques to make adjustments to produce more accurate results in their financial statements. Heated discussions now surround the basis of financial performance measurement via historical cost accounting. This influences their decision making and financial performance positively.
Maha Al-Dalahmeh, Mária Héder-Rima, Krisztina Dajnoki
Problems and Perspectives in Management, Volume 18, pp 59-71; doi:10.21511/ppm.18(4).2020.06

This research aims to examine the intention of talented employees to leave an organization and discover how talent management practices could affect employee intention to leave an organization. This paper`s framework intends to outline the relationship between variables to present the idea of talent management practices and employee retention. The hypothesis was tested using a survey data set of 210 questionnaires collected from employees working in 82 ICT companies in Jordan to attain the research objectives. The collected data were analyzed using the SPSS program, and EMOS program, and basic and initial statistical techniques were applied. The results show that talent management practices significantly affect employee intention to leave an organization. Accordingly, whenever firms applied talent management practices, employee intention to leave decreases. The results demonstrated that attracting talented employees has emerged to have the strongest effect on decreasing employee intention to leave; however, developing and rewarding talented employees was revealed to have the lowest effect. Thus, the ICT firms’ managers have to generate specific training programs to reward and develop talented employees. AcknowledgmentThe publication is supported by the EU-funded Hungarian grant EFOP-3.6.3.-VEKOP-16-2017-00007 for the project entitled “From Talent to Young Researchers” – Supporting the Career-developing Activities of Researchers in Higher Education”.
Olha Zakharova, Olga Bezzubchenko, Khrystyna Mityushkina, Tamara Nikolenko
Problems and Perspectives in Management, Volume 18, pp 72-84; doi:10.21511/ppm.18(4).2020.07

For the vast majority of countries, creating a favorable investment environment, which determines the possibility of attracting foreign capital, is a prerequisite for economic growth, addressing issues of national interests and a sufficient level of economic security. The presented article aims to assess the development of international investment activities to ensure countries’ investment security as components of economic security. Using multidimensional evaluation methods, construction of complex indicators, methods of statistical grouping, measurement of stochastic relationships, the integrated level of investment security of Central and Eastern European countries is determined. The assessment results showed that such countries as Estonia, the Czech Republic, Latvia, Poland, Hungary, and Romania have the highest level of investment security and are among the countries that have strengthened their investment security positions over the period. The countries’ evaluation shows that 46% of the countries surveyed were classified as countries with a safe level of investment development. According to the results of correlation analysis, it was determined that the Investment Security Index is more correlated with the state of the investment climate of the country; in the group of Central and Eastern European countries, there is a close correlation with the level of investment attractiveness, which means that for these countries, macroeconomic stability and stable dynamics of socio-economic growth are the factors determining investment opportunities. The obtained results should be considered to identify the basic risks of the investment environment.
Mohamad Noor Al-Jedaiah, Rokaya Albdareen
Problems and Perspectives in Management, Volume 18, pp 49-58; doi:10.21511/ppm.18(4).2020.05

Human resources at different levels are the executives of organizational tasks toward excellence. Missing the track of human resources will leave the organization behind. The objective of this research is to investigate the effect of SHRM components on organizational excellence. The study was applied to industrial organizations in Industrial City in Northern Jordan. A quantitative approach was used to accomplish the objectives. A questionnaire was used to collect data. The questionnaire was composed of three parts: the first part designed to collect demographic data, the second part designed to collect information about SHRM (recruitment, training, development, and career development), the last part designed to collect information about organizational excellence. A simple random sample of 120 organizations’ managers was studied. The results showed that the data collection tool was reliable. The results showed that training was of high concern by managers to reach excellence, followed by organizational development, then career development, and the least evaluation was for recruitment. The SHRM components affect the components of organizational excellence (customer satisfaction, technology deployment, product quality, and competitiveness) (p < 0.05). Recruitment was the highest contributor to organizational excellence related to technology deployment, product quality, and competitiveness, but customer satisfaction was affected by development and career development. The study recommended that the organization connect the SHRM strategy with the other organization activities that lead to excellence with the recruitment process’s concentration as it affects the products of the organizations.
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