FINANCIAL CLIMATE OF TERRITORY:THEORETICAL FOUNDATIONS AND CONCEPT EVALUATION (Part 2) Cover Image

ФІНАНСОВИЙ КЛІМАТ ТЕРИТОРІЇ: ТЕОРЕТИЧНІ ОСНОВИ ТА КОНЦЕПЦІЯ ОЦІНЮВАННЯ*
FINANCIAL CLIMATE OF TERRITORY:THEORETICAL FOUNDATIONS AND CONCEPT EVALUATION (Part 2)

Author(s): Borys Karpinskyi, Valentyn Grygorenko
Subject(s): Economy
Published by: Institute of Society Transformation
Keywords: financial potential of the territory; area’s financial climate; area’s financial climate index; coefficient of the area’s financial potential usage efficiency

Summary/Abstract: Introduction: Changes, associated with the disparity of development and aggravation of contradictions in economic systems at different levels in recent years, have opened a new phase of finding effective ways to ensure stability in the socio-economic development of territories as parts of the state. There is a need for systematic monitoring of the financial component of the territory as an integrated parameter that characterizes the qualitative and quantitative state of its financial system. Obtaining data for regional financial environment evaluating is an important step in the management of territory, because the municipal authorities are the main providers of direct and public services. Purpose: to synthesize the essential content of the financial climate of the territory and to develop a conceptual approach to its assessment in real time. Methods: Scientific methods of territory’s financial climate emergence are the ground for evaluation methodology. Results: An analytical calculation and integrated assessment of area’s financial climate for the proposed indicators on the example of some of the administrative-territorial units of Ukraine are performed. The main criteria for areas selecting for evaluation are proposed. A gradual process of the area’s financial climate assessing is undertaken and a systematic set of measures to optimize the estimation is formed. The features of the area’s financial climate integral index calculation in accordance with established techniques to improve the effectiveness of management decisions are highlighted. Conclusions: The theoretical background of the financial climate and the conceptual bases of its evaluation have been formed. This study is a solid theoretical and methodological foundation for practical calculation and evaluation of the area’s financial climate.

  • Issue Year: 2013
  • Issue No: 11-12(2)
  • Page Range: 33-37
  • Page Count: 5
  • Language: Ukrainian