Scientific publications

The purpose of this article is to propose the integrated index of Public Governance efficiency based on the Fishburne’s method, considering the impact’s power and direction of the different sub-indexes (Worldwide Government Indicators) on macroeconomic stability and eliminating the issue of multicollinearity.

This paper seeks to propose a network data envelopment analysis (DEA) framework for analysis of heterogeneous systems. The paper introduces the dummy connector so that every network structure can be transformed into the sun network structure. In his case, the dummy connector allows for heterogeneity of the decision making units (DMUs) in terms of their inner structure.

The main objective of this study is to analyze and compare greenhouse gas emission profiles, dynamics thereof, and the climate change mitigation efforts of the major players in the global climate change arena, namely the G7 and BRICS countries that are accounting for more than 60% of the world greenhouse gas emissions as in 2017. Given that the energy sector is the major source of the greenhouse emissions in these countries, the framework of sustainable energy development indicators was applied to the comparative analysis.

An analysis of the scientific literature has revealed that companies in advanced countries have mixed capital structures, whereas companies in less advanced countries mostly depend on bank credits and loans. The reason for dependence on bank funding lies in the fact that corporate bonds are profitable only to large companies with a high credit rating, while small and medium companies - as well as large companies with lower credit ratings - find bank loans to be a more attractive method of external financing.

he picture fuzzy set (PFS) is a powerful tool to collect and handle large amounts of uncertain assess information in a new light. In this study, we explore some distance measures for the PFSs and propose Picture fuzzy ordered weighted distance measure and Picture fuzzy hybrid weighted distance measure. Some of their properties are also mathematically explored. Moreover, we introduce a model for the aforesaid distance measures to solve multiple attribute group decision making (MAGDM) method in an updated way.

This paper focuses on the concept of Corporate Social Responsibility (CSR) and its relationship with sustainability. The authors investigate the linkages between CSR and sustainability at both enterprise and country levels. The main focus of this study is the energy sector due to its importance in terms of economic, environmental, and social impacts.

This study aims at examining the possibility of using a joint venture as a risk management tool for companies engaged in the construction business. Based on completely different risk map of a stand-alone and joint venture companies and using the analytical hierarchy process model method for evaluating the importance of particular risk factors for both cases we found, that depending on a company’s ability to deal with different types of business risks, joint venture can be used as a risk management tool in particular situations.

China has undergone a series of agricultural policy reforms since 1978. The measurement of the productivity gains and identification of the underlying drivers thereof are important facets of policy analysis. The commonly used Total Factor Productivity (TFP) measures often lack such desirable properties as completeness or independence of the direction of the optimization (orientation).

The article is devoted to the assessment of the transfer of exchange rates to domestic prices for the products of machine-building enterprises in Ukraine. The study found that the main reason for transferring the dynamics of exchange rates on the prices for the products of machine-building enterprises of Ukraine is a change in production costs for raw materials, resources, and a change in exchange rates.

Creation of a sustainable agricultural sector involves boosting the cooperation activities as these contribute to the societal and economic development of the farms, farmers and rural societies. This paper contributes to the literature on the analysis of the drivers and obstacles of cooperation development in agriculture. The case of Lithuania is considered as the cooperation activities are lagging behind the European Union (EU) practice here.