Browsing by Author "Iryna Maksimova"

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    Digital Currency Market Research: The Example оf Ukraine
    (Scientific and practical journal "Economics and technical engineering", 2024-06-26) Serhii Hushko; Olena Burunova; Iryna Maksimova; Hanna Purii; Volodymyr Kulishov
    The article examines the theory and mechanisms of the functioning of the digital currency (cryptocurrency) market, reviews the latest publications of international scientists and experts, analyzes the digital currency market and its impact on both global and Ukrainian economy and financial system, the formation of trends and perceptions of circulation currencies, separation and connection with the real economy, defines methods of evaluating the effectiveness of investing in cryptocurrency assets on the global financial market, as well as opportunities and risks related to the use of cryptocurrency in the digital economy. Outlines of the Ukrainian digital currency market development, overcoming problems, ways of their solving, and certain conclusions are made. The article uses informational, comparative, institutional, complex approaches, and also adheres to the principles of objectivity, specificity, and systematicity, which give opportunity for a detailed and comprehensive study of the digital currency market. In the long term, the global digital economic development of each country may depend to a large extent on how well it adapts to the digital currency market. The analysis of the global cryptocurrency market reveals that the growing need for transparency and operational efficiency of financial payment systems, growing demand for remittances in developing countries, increasing market capitalization and strengthening data security are the main factors contributing to the development of the digital currency market. It was investigated that digital currencies as a means of payment are not yet sufficiently widespread in Ukraine due to the uncertain position of state authorities. The development of digital currencies in the country is mainly related to the investment activity of representatives of the IT sector in this financial instrument. It is assumed that by increasing consumer confidence, promoting it with the help of marketing techniques and tools, strengthening the security of this entire system and clarifying its legal status, it will gradually be integrated into the overall national and global financial system.
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    Merger and Acquisition Synergy Study: the Case of Ukraine
    (Scientific and practical journal "Economics and technical engineering", 2023-10-25) Hanna Purii; Iluta Arbidane; Iryna Maksimova; Oleh Padalka; Volodymyr Kulishov
    The article examines theories and mechanisms of mergers and acquisitions, analyzes recent publications of international and national scholars and experts, provides various points of view on definition and interpretation of mergers and acquisitions, and offers the author's version of this concept. The article considers synergies that are competitive from an economic point of view, analyzes trends and the latest M&A schemes, suggests possible scenarios in the Ukrainian market, problems and ways to solve them, and draws certain conclusions. Merger and acquisition (M&A) have become a foremost strategic alliance for business, product and logistics in global environment. Using meta-literature review, a general analysis was carried out on M&A to assess motives, methods, financing sources, announcement effects, cross-border competitions, success-failure, valuation issues, and business strategies. It is highlighted in the study the main problems and weaknesses of Ukrainian companies that hinder effective IPOs are the following: a requirement on the part of domestic legislation to issue shares of companies in the national currency; prohibition by Ukrainian legislation to issue more than 25% of shares abroad; the need for the company to comply with all the requirements of a public company; the need to demonstrate stable and long-term dynamics of financial indicators and other components of financial statements; availability of financial resources to go through all stages of preparation and conduct of the IPO (5-20% of the placement amount); inconsistency of the provisions of national legislation with the requirements of foreign stock exchanges; differences in accounting and tax reporting with foreign companies. Despite the fairly widespread global use of M&A transactions in the corporate sector, Ukrainian market is not yet able to effectively use them as a tool for crisis management and preservation of the economic potential of companies due to serious legal gaps, economic problems of corporate and public administration, high political and financial risks of an unstable economy, low business culture and ethics.