Ihor Hurnyak

• PhD
• Lviv University

Purpose: This study explores the impact of market institutions on Ukraine's national security and competitiveness. Specifically, it presents the role of the stock market and banking sector in shaping economic stability and defense capabilities. Methodology/approach: Drawing on insights from institutional economics, this research employs a comparati...

Purpose – The main purpose of this article is to demonstrate the growing gap between China’s banking sector and the real estate market, and the emergence of rationality in their interaction. A related goal is to reveal the primacy of institutional reforms as a tool for solving problems of insufficient business financing. Research method – For the...

Introduction Despite its deliberate approach aimed at protecting the consumer interests of its citizens, the European Union has effectively restricted access to its energy market for countries that disregard the principles of international law. Consequently, this measure has precipitated shifts in pricing dynamics for specific goods and altered ene...

Objective: The main purpose of the research is to show that the Central and Eastern European (CEE) market is an essential component of the global stock market. It displays similar patterns to developed countries, and there is a special emphasis on information technology. Research Design & Methods: The study is supported by various machine learning...

The purpose of the article is to represent a key role of the choice of business strategy combined with the greatest profitability, transparency, social orientation, which ultimately manifests itself in the amount of taxes paid. The taxes paid by enterprises in the formation of the state budget and economic development of the country. These funds ar...

The relevance of the study is driven by the importance of public debt as an indicator of a country's financial stability and its significant impact on economic development. Meanwhile accumulation of state debt gradually lost the obviousness of the negative in the assessment of the economic health of states. The aim of the article is to analyze one...

Modern tools, especially in the conditions of availability of computer calculations, no longer need simplification in the form of linearity in modeling business processes. Using the example of the interaction of strategies, Fama - French analysis, neural networks and other tools, the appropriateness of transforming the methodology in the direction...

The stock markets of developed countries, as a reflection of current social processes, can perform the function of testing the prerequisites and consequences of military conflicts, hypothetical alliances, and natural disasters. In the case of the Russian-Ukrainian war, Chinese business as a tangential component of Russian aggression due to the refu...

The conducted analysis identified Ukraine as a significant element of the modern world economic order. Being a part of the world digital economy even without a developed industrial sector and advanced market institutions, Ukraine has been accepted as an integral part of the world economic space. The war unleashed by Russia significantly disrupted i...

Of all the sectors in the Ukrainian economy that are available on the stock market, agribusiness has the greatest performance. The efforts to overcome the consequences of an oligarchic past and the chance of reconstruction could be a deciding factor for its future. The study focuses on analysing the investment portfolio of Ukrainian agribusiness fi...

Ukrainian society is undergoing rapid transformational changes. The authors attempted to identify the main behavioral strategies before the war as well as possible changes in the following years. Attempting to recognize the most prevalent behavior in society, the interaction and attitude of students during the exam were taken into consideration. Th...

Central-Eastern Europe (CEE) and South-Eastern Europe (SEE) both demonstrate similar trends in the development of stock markets and have simultaneously special distinctive mechanisms. If the CEE markets have moved much closer in the direction of unification with the markets of Western Europe and the USA, then the SEE markets partly possess the dete...

Recently, there have been many studies on the impact of the pandemic and Russia’s war against Ukraine on the stock markets, while very few of them directly affect the banking sector. The issue of banks’ strategies in such circumstances is suffocated by little coverage, especially since even the authors of the Fama-French analysis emphasized the dif...

The present pandemic COVID-19 has resulted in global challenges, economic and healthcare crises, and posed spillover impacts on the global industries, including tourism and travel that the major contributor to the service industry worldwide. The tourism and leisure industry has faced the COVID-19 tourism impacts hardest-hit and lies among the most...

The production, or value added, approach to GDP involves calculating an industry or sector’s output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It reflects an increase in value that a business creates by...

The research performs an attempt to adapt accumulated approaches of the Institutional Economics to the application of the Coase theorem in public administration. Governance is mainly analyzed in the field of political science, while transactional costs definitely serve to the economic surveys. Solving the problem of social costs, Coase theorem reve...

Abstract Objective of the study: The research aims at exploring the way of interaction between virtual and physical reality and defining the approaches to analyze consequences of the virtuality penetration to the real world or vice versa. Methodology / approach: We apply a game theoretic method based on payoff matrix to show the essence of interact...

This article is an attempt to analyse the functioning of the institutional environment through the prism of institutional interaction and cooperation between actors in the shadow and official economy. The authors suggest somewhat unusual mechanisms for understanding the most problematic current issues of interinstitutional cooperation in Ukraine. T...

The research presents an investigation of the zombie phenomenon in banking and business. The main goals are as follows: to reveal the consequences of the threatening dynamics of nonperforming loans for the states of Central and Eastern Europe, Western Europe, the group of former USSR states, and Latin America; to demonstrate the zombie business phe...

The issue of measuring the “taste of life” is one of the main tasks in the process of management decentralization in the state. The term “taste of life” is considered to be the degree of an individual’s satisfaction from living, functioning and carrying out his own activity in society in accordance with economic rules and orders. To solve this prob...

The theoretical bases of surplus value and economic value added formation are analyzed. The process of valueadded formation by local communities is not sufficiently studied and isn’t included in the planning and provision of local communities development policy in Ukraine. There is summarized that people do not create any matter (substance) or ener...

Розглянуто цілі функціонування територіальної громади – системну потужність і громадянську ефективність. Проаналізовано функціонування муніципальних корпорацій у США та цивільних корпорацій Швейцарії. Продемонстровано кроки осучаснення та зростання продуктивності діяльності територіальних громад у світі. Ключові слова: громадянська ефективність, з...

Many of the challenges facing humankind, such as climate change, water scarcity, inequality, and hunger, can be resolved not only at a global level by promoting sustainable development but, first of all, at a local level. Local communities in many countries have been seeking to improve sustainability. They are the policy makers and catalysts of cha...

Many of the challenges facing humankind, such as climate change, water scarcity, inequality, and hunger, can be resolved not only at a global level by promoting sustainable development but, first of all, at a local level. Local communities in many countries have been seeking to improve sustainability. They are the policy makers and catalysts of cha...