| Economics | Socium | Environment |
|---|---|---|
Environmental Economics and Sustainable Development, 2022, 11(30): 6-16
DOI: 10.37100/2616-7689.2022.11(30).1
UDC 336:330.15
JEL CLASSIFICATION: G 02, G 18, G 28, G 38, F 65, O 16, Q 01, Q 58
Igor Bystryakov
Dr. Sci. (Econ.), Professor,
Deputy Director for Scientific Work of the Public Institution
«Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine»;
ORCID: https://orcid.org/0000-0001-6482-7099
Dmitry Klynovyi
PhD (Econ.), Senior Researcher,
Senior Researcher, Leading Researcher of the Department of
oSustainable Development Methodology of the Public Institution
“Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine”;
ORCID: https://orcid.org/0000-0002-3034-8097
FORMATION OF FINANCIAL SPACE OF SUSTAINABLE MANAGEMENT
Abstract: The article is aimed at outlining theoretical and methodological approaches and practical recommendations for the formation of financial space in the system of sustainable management in Ukraine. The substantive features of the components of the economic category «financial space» are analyzed. The essence of the financial space of sustainable management has been identified. It is determined that it reflects the relationship between the formation and functioning of the financial system of the state and its territorial entities with the relations of economic entities on the accumulation, use, distribution and redistribution of financial resources for sustainable development. Problematic aspects of formation of financial space of the state are defined on the basis of the analysis of dynamics of indicators of development of financial institutions of Ukraine. The place and role of the financial space is determined in the system of sustainable management in such a way that it firstly acts as a spatial environment for the implementation of the basic functions of sustainable finance; secondly: it is a factor of the formation of financial support for the sustainable management system; thirdly, it is the market environment for the functioning of the «green» financial market for the needs of sustainable development. It is established that along with the activities of the United Nations Environment Program Finance Initiative UNEP FI, grassroots sustainability initiatives of financial institutions should play a leading role in the formation of a sustainable financial space, they should assume appropriate obligations within the framework of global financial initiatives in accordance with the relevant specifics of their action and be able to form institutional field for the formation of a system of sustainable finances. The leading role in the formation of a sustainable financial space in the country of national economy management bodies at the national regional and local levels, which should focus on the global financial sustainability initiatives of UNEP FI in the formation of financial policy and improvement of national financial legislation was emphasized. A number of events have been proposed to form a sustainable financial space in Ukraine.
Key words: financial space, multi-subject approach, sustainable management..
Language version: Ukrainian
References
1. Saymon, G., Smitburg, D.& Tompson, V. (1995). Menedzhment v organizatsiyakh [Public Administration]. Moscow: Ekonomika [in Russian].
2. Lepskiy, V.Ye. (2010). Refleksivno-aktivnyye sredy innovatsionnogo razvitiya [Reflexive-active environments of innovative development]. Moscow: Kogito-Tsentr [in Russian].
3. Horina, H.O. (2016). Doslidzhennya etymolohiyi ponyattya «ekonomichnyy prostir» yak bazysu katehorialʹnoho aparatu fenomenu prostorovoyi polyaryzatsiyi [Research of the etymology of the concept of "economic space" as the basis of the categorical apparatus of the phenomenon of spatial polarization]. Ahrosvit, 17, 60–65. Retrieved from http://www. agrosvit.info/pdf/17_2016/11.pdf [in Ukrainian].
4. Shevchenko, O. V. (2019). Instrumenty formuvannya hospodarsʹkoho prostoru rehioniv v umovakh chastkovoyi tymchasovoyi okupatsiyi terytoriy Skhodu Ukrayiny. Analitychna zapyska [Tools for the formation of economic space of regions in terms of partial temporary occupation of the territories of Eastern Ukraine. Analytical note]. Seriya "Rehionalʹnyy rozvytok", 2. Retrieved from https://niss.gov.ua/sites/default/ files/2019-07/ANALIT%20SHEVCHENKO% 20REGIONAL%20DEVELOPMENT%202%202019%20(2).pdf [in Ukrainian].
5. Oliferuk, S.I. (2012). Ekonomichnyy prostir: sutnistʹ, oznaky ta struktura [Economic space: essence, features and structure]. Formuvannya rynkovykh vidnosyn v Ukrayini, 6 (133), 74–79. Retrieved from http://nbuv.gov.ua/ UJRN/frvu_ 2012_6_18 [in Ukrainian].
6. Brigkhem, Yu. & Erkhardt, M. (2009). Finansovyy menedzhment [Financial management]. St. Petersburg: Piter [in Russian].
7. Eng, M.V., Lis, F.A. & Mauyer, L.J. (1998). Mirovyye finansy [World finance]. Moscow: Ltd. Publishing and Consulting Company "DeKA". [in Russian].
8. Kovtonyuk, K.V. (2010). Teoretychni aspekty vyznachennya ponyattya "finansovyy prostir" [Theoretical aspects of defining the concept of "financial space"]. Vcheni zapysky.Universitet ekonomiky ta prava "KROK", 22, 33-43. Retrieved from htps://library.krok.edu.ua/media/library/category/statti/kovtoniuk_0024.pdf [in Ukrainian].
9. Pylypiv, V.V. (2011). Upravlinnya vidtvorennyam terytorialʹnykh ekonomichnykh system u finansovomu prostori [Management of reproduction of territorial economic systems in the financial space]. Kyiv: Council for Productive Forces Study of the National Academy of Sciences of Ukraine [in Ukrainian].
10. Schwab, K. & Malleret T. (2020). COVID-19: The Great Reset. Geneva: Forum Publishing [in English].
11. Bystryakov, I.K. & Klynovyy, D.V. (2021) Stali finansy yak sotsialʹno-ekolohichna innovatsiya dlya staloho hospodaryuvannya [Sustainable finance as a socio-ecological innovation for sustainable management]. Proceedings from Innovative solutions in economics, business, public communications and international relations: materialy Mizhnarodnoyi naukovo-praktychnoyi internet-konferentsiyi – materials of the International scientific-practical Internet conference. (pp. 45-48). Dnipro: Universytet mytnoyi spravy ta finansiv [in Ukrainian].
12. Khvesyk, M.A. (ed). (2020). Formuvannya prostorovoyi systemy upravlinnya pryrodno-resursnymy aktyvamy [Formation of a spatial management system of natural resource assets]. Kyiv: Public Institution "Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine" [in Ukrainian].
Article publication date: 2022
Date of online version: 2022
DOI: 10.37100/2616-7689.2022.11(30).1
UDC 336:330.15
JEL CLASSIFICATION: G 02, G 18, G 28, G 38, F 65, O 16, Q 01, Q 58
Igor Bystryakov
Dr. Sci. (Econ.), Professor,
Deputy Director for Scientific Work of the Public Institution
«Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine»;
ORCID: https://orcid.org/0000-0001-6482-7099
Dmitry Klynovyi
PhD (Econ.), Senior Researcher,
Senior Researcher, Leading Researcher of the Department of
oSustainable Development Methodology of the Public Institution
“Institute of Environmental Economics and Sustainable Development of the
National Academy of Sciences of Ukraine”;
ORCID: https://orcid.org/0000-0002-3034-8097
FORMATION OF FINANCIAL SPACE OF SUSTAINABLE MANAGEMENT
Abstract: The article is aimed at outlining theoretical and methodological approaches and practical recommendations for the formation of financial space in the system of sustainable management in Ukraine. The substantive features of the components of the economic category «financial space» are analyzed. The essence of the financial space of sustainable management has been identified. It is determined that it reflects the relationship between the formation and functioning of the financial system of the state and its territorial entities with the relations of economic entities on the accumulation, use, distribution and redistribution of financial resources for sustainable development. Problematic aspects of formation of financial space of the state are defined on the basis of the analysis of dynamics of indicators of development of financial institutions of Ukraine. The place and role of the financial space is determined in the system of sustainable management in such a way that it firstly acts as a spatial environment for the implementation of the basic functions of sustainable finance; secondly: it is a factor of the formation of financial support for the sustainable management system; thirdly, it is the market environment for the functioning of the «green» financial market for the needs of sustainable development. It is established that along with the activities of the United Nations Environment Program Finance Initiative UNEP FI, grassroots sustainability initiatives of financial institutions should play a leading role in the formation of a sustainable financial space, they should assume appropriate obligations within the framework of global financial initiatives in accordance with the relevant specifics of their action and be able to form institutional field for the formation of a system of sustainable finances. The leading role in the formation of a sustainable financial space in the country of national economy management bodies at the national regional and local levels, which should focus on the global financial sustainability initiatives of UNEP FI in the formation of financial policy and improvement of national financial legislation was emphasized. A number of events have been proposed to form a sustainable financial space in Ukraine.
Key words: financial space, multi-subject approach, sustainable management..
Language version: Ukrainian
References
1. Saymon, G., Smitburg, D.& Tompson, V. (1995). Menedzhment v organizatsiyakh [Public Administration]. Moscow: Ekonomika [in Russian].
2. Lepskiy, V.Ye. (2010). Refleksivno-aktivnyye sredy innovatsionnogo razvitiya [Reflexive-active environments of innovative development]. Moscow: Kogito-Tsentr [in Russian].
3. Horina, H.O. (2016). Doslidzhennya etymolohiyi ponyattya «ekonomichnyy prostir» yak bazysu katehorialʹnoho aparatu fenomenu prostorovoyi polyaryzatsiyi [Research of the etymology of the concept of "economic space" as the basis of the categorical apparatus of the phenomenon of spatial polarization]. Ahrosvit, 17, 60–65. Retrieved from http://www. agrosvit.info/pdf/17_2016/11.pdf [in Ukrainian].
4. Shevchenko, O. V. (2019). Instrumenty formuvannya hospodarsʹkoho prostoru rehioniv v umovakh chastkovoyi tymchasovoyi okupatsiyi terytoriy Skhodu Ukrayiny. Analitychna zapyska [Tools for the formation of economic space of regions in terms of partial temporary occupation of the territories of Eastern Ukraine. Analytical note]. Seriya "Rehionalʹnyy rozvytok", 2. Retrieved from https://niss.gov.ua/sites/default/ files/2019-07/ANALIT%20SHEVCHENKO% 20REGIONAL%20DEVELOPMENT%202%202019%20(2).pdf [in Ukrainian].
5. Oliferuk, S.I. (2012). Ekonomichnyy prostir: sutnistʹ, oznaky ta struktura [Economic space: essence, features and structure]. Formuvannya rynkovykh vidnosyn v Ukrayini, 6 (133), 74–79. Retrieved from http://nbuv.gov.ua/ UJRN/frvu_ 2012_6_18 [in Ukrainian].
6. Brigkhem, Yu. & Erkhardt, M. (2009). Finansovyy menedzhment [Financial management]. St. Petersburg: Piter [in Russian].
7. Eng, M.V., Lis, F.A. & Mauyer, L.J. (1998). Mirovyye finansy [World finance]. Moscow: Ltd. Publishing and Consulting Company "DeKA". [in Russian].
8. Kovtonyuk, K.V. (2010). Teoretychni aspekty vyznachennya ponyattya "finansovyy prostir" [Theoretical aspects of defining the concept of "financial space"]. Vcheni zapysky.Universitet ekonomiky ta prava "KROK", 22, 33-43. Retrieved from htps://library.krok.edu.ua/media/library/category/statti/kovtoniuk_0024.pdf [in Ukrainian].
9. Pylypiv, V.V. (2011). Upravlinnya vidtvorennyam terytorialʹnykh ekonomichnykh system u finansovomu prostori [Management of reproduction of territorial economic systems in the financial space]. Kyiv: Council for Productive Forces Study of the National Academy of Sciences of Ukraine [in Ukrainian].
10. Schwab, K. & Malleret T. (2020). COVID-19: The Great Reset. Geneva: Forum Publishing [in English].
11. Bystryakov, I.K. & Klynovyy, D.V. (2021) Stali finansy yak sotsialʹno-ekolohichna innovatsiya dlya staloho hospodaryuvannya [Sustainable finance as a socio-ecological innovation for sustainable management]. Proceedings from Innovative solutions in economics, business, public communications and international relations: materialy Mizhnarodnoyi naukovo-praktychnoyi internet-konferentsiyi – materials of the International scientific-practical Internet conference. (pp. 45-48). Dnipro: Universytet mytnoyi spravy ta finansiv [in Ukrainian].
12. Khvesyk, M.A. (ed). (2020). Formuvannya prostorovoyi systemy upravlinnya pryrodno-resursnymy aktyvamy [Formation of a spatial management system of natural resource assets]. Kyiv: Public Institution "Institute of Environmental Economics and Sustainable Development of the National Academy of Sciences of Ukraine" [in Ukrainian].
Article publication date: 2022
Date of online version: 2022