Bohdan Kovalov

• PhD
• Associate Professor at Sumy State University

SMEs represent most businesses globally, making them essential players in reaching the Sustainable Development Goals (SDGs). This paper brings new insights to the sustainability field by analysing drivers and barriers to SMEs’ development and employment on SMEs for the panel of 21 European Union (EU) countries using random-effects generalised least...

This study aims to identify whether achieving sustainable development goals influences SMEs’ development and assess its degree. The dataset on SMEs’ development indicators and SDGs 2, 8, 9, 12, and 13 for the panel of EU-27 countries in 2011–2020 was collected using Eurostat and OECD datasets. Breusch and Pagan Lagrangian multiplier test for pooled...

The rapid development of digital technologies, digital transformation, business innovation, and the emergence of such technologies as artificial intelligence, blockchain, the Internet of Things provides significant potential for transforming business processes and creating new innovative models. The trend analysis conducted in this article (using t...

The purpose of the article is the analysis of the systemic essence of sustainable transportation of the energy system, based on the mass implementation of renewable energy sources and efficient energy storage systems. At the same level as the analysis of the transformation processes of energy assets, the accompanying components of the specified tra...

The Paris Agreement, signed in 2015 and put into effect in 2016, led to the European Green Deal. It envisages ensuring climate neutrality by 2050. To achieve this, solutions to the climate challenge have to be implemented globally. This research aims to evaluate interactions among corporate financial, innovation, and environmental performance indic...

The substantiation of the development and compliance with the algorithm for the adoption and implementation of management decisions regarding the digital transformation of the socio-economic and ecological systems of Ukraine is an urgent task for the long-term development of the country. The article presents an algorithm for making management decis...

Increasing number of unicorns worldwide is attracting researchers' attention to analyze their phenomena from their growth and financial flexibility interaction perspective. Unicorns as young companies have many external and internal environment development elements affecting their financial performance while going public with an IPO. Thus in the pa...

Recent trends prove that energy production is shifting from traditional fossil fuel combustion technologies to renewable energy-based technologies. To estimate the economic efficiency of renewable energy technology implementation, the data for the EU-27 member states during the 2012–2021 period were collected; additionally, technological efficiency...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

The transition to sustainability is a complex process that requires a clear understanding of its drivers and barriers. The paper explores the impact of different social and economic factors on sustainable development as a holistic process. The research involved data from 27 EU member states during 2012–2020. Hausman specification and Breusch and Pa...

This paper contains a co-occurrence analysis of 2 227 articles in English, indexing by Scopus database in 2019-2023, it was designed the «business – digitalization – digital transformation» co-occurrence network, that contains 374 keywords, grouped into 5 clusters. It was defined a research area and main key words for each cluster. It was analyzed...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

When evaluating the competitive environment in the context of the pandemic, the pandemic’s global scale must be considered, since all products related to COVID-19 management have no regional competition but rather immediately switch to global competition and compete with similar products or substitutes. It should be noted that no products intended...

Management in the digital format has undergone significant changes compared to traditional approaches. To adapt to the modern market environment, it is essential to have a system that facilitates analysis, optimization, and strategic planning. Organizations are transitioning to the digital format of strategic and operational management of business...

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed, or transmitted, in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher. The content and reliability of the articles are the responsibility of the authors....

Smart contracts are one of the digital technologies that have the potential to significantly alter the way market participants interact. It is emphasized in the research that a smart contract is a specialized computer protocol that allows negotiating parties to exchange assets between themselves: stocks, money, or property without involving a third...

The study of aspects of the digital economy and indicators of the assessment of the state of the economy and society is relevant for the development of transformation policies in accordance with the goals of sustainable development. The progress of technologies and new possibilities of digitalization of the economy give impetus to the improvement o...

The new economy is based on the sphere of services, which are created by intellectual creative work. Key factors in this are knowledge, innovation, scientific achievements and technologies based on modern progressive post-industrial society. In this way, intellectual and creative work turns into the leading driving force of the new economy. The pur...

Over the years, technological progress has accelerated highly, and the speed, flexibility, human error reduction, and the ability to manage the process in real time have become more critical and required production companies to adapt production and business models according to the needs. The demand for real-time decision support systems adapted to...

In this paper, we combine to evaluate interrelation of the financial performance indicators of companies from different European countries, rewards paid to CEO (compensation), companies' research and development (R&D) expenditure, changes in sustainability and innovativeness of country's economy. In this paper, economic sustainability is treated as...

The article examines the changes and consequences in the field of tourism under the influence of the pandemic. Based on the analysis of the report of the World Tourism Organization UNWTO, it was found that in the first ten months of 2020, the number of international revenues decrease by 72%, due to travel restrictions, low consumer confidence and t...

The article is devoted to the issues of digital transformation of the economy and how blockchain technologies can help it. The transition to such technologies has recently become more frequent in the world. Quite a few well-known companies in the field of trade in goods or services have already made significant progress in this direction. Therefore...

This article considers the process of development of agricultural cooperatives in Ukraine. The data of the indicators of the State Statistics Service of Ukraine, the Unified State Register of Enterprises and Organizations of Ukraine by organizational and legal forms were taken as a basis. Data from the official report of the Ministry of Agrarian Po...

The article analyzes the market of drones for agricultural activities as part of the concept of precision farming; the classification of agricultural drones by structure, use and cameras installed on them is given; the analysis of the world market of drones for today is carried out, and efficiency of introduction of drones in agriculture (on an exa...

The paper deals with analysis of the mechanism of macroeconomic imbalance estimation and achieving the convergence of national economy. With this purpose the authors summarized the main approaches to define the macroeconomic imbalance. In addition, the main indicators which influence macroeconomic imbalance are allocated. On the basis of obtained r...

This paper is devoted to the study of the impact of the management of natural energy resources on sustainable development and green growth. The object of the study is the process of management of natural energy resources. An indicator of adjusted net savings was used to estimate sustainable development. The performed comparative analysis of the adj...

Within the last few years significant transformation changes in the direction of «green» growth in the Ukrainian economy on the background of a significant reduction in consumption and import of natural gas have been observed. The relevance of the study stems from the lack of conceptual clarity concerning mechanisms of the manageable transformation...

According to WEF, UNWTO, WTTC, World Travel & Tourism Market increased by 26,3% between 2010 through 2015 and now stands more than US$ 7,2 trillion (9,8% of global GDP). The number of international tourists increased by 75% and the number of persons employed in tourism around the world increased to 284 million. The objectives of this paper are: ana...

This paper is devoted to the study of the impact of the management of natural energy resources on sustainable development and green growth. The object of the study is the process of management of natural energy resources. An indicator of adjusted net savings was used to estimate sustainable development. The performed comparative analysis of the adj...