Integrated Intellectual Investment Portfolio as an Efficient Instrument to Manage Personal Financial Investment

The redistribution of resources in global stock markets is prevalent: the capital is transferred from one investor to another. Sometimes, earning a substantial return in the stock market seems complicated to implement for an individual investor. Investing contributes to the welfare of society and the wealth of citizens. This is why people should look for efficient ways to invest. Investment should become a natural part of personal finance management in the majority of households. For this reason, an investment model is developed where stocks are selected based only on market intelligence using historical data. The model helps find one or several stocks that generate the highest return on a separate step. Applying this model, experiments were performed with daily data from German, US, and UK stock markets. The possibility of obtaining higher than average returns in these markets has been noticed. In the German market, during the 97-day period, the authors obtained a 1.46 return, which implies a 2.31 annual return: in the USA market, a 2.37 return (7.93 annual return), and in the UK market, a 1.90 return (4.09 annual return). Thus, the proposed investment decision-making system could be an efficient tool for forming a sustainable individual or household portfolio. It can generate higher investment returns for an investor and, moreover, make the market more efficient by applying market intelligence and related historical data.

ЗНАЧЕННЯ ІНФРАСТРУКТУРНОГО ЗАБЕЗПЕЧЕННЯ ІННОВАЦІЙНО-ІНВЕСТИЦІЙНИХ ПРОЦЕСІВ У РОЗВИТКУ СІЛЬСЬКИХ ТЕРИТОРІЙ В УМОВАХ КОНКУРЕНТНОЇ ЕКОНОМІКИ

The article provides insights into implications of modern competitive economy for the national economic development and argues that in the new business realia it is critical to search for internal reserves for socioeconomic growth at all levels of administrative and territorial entities including socioeconomic development of rural areas based on natural, technological, human and other factors aimed at attaining competitive advantages. The study demonstrates that in the context of innovation and investment processes, building appropriate infrastructure is the priority objective to boost rural areas development. Such approach will contribute to creating an attractive investment environment, shaping an innovative structure of rural areas able to provide a full chain of creating and disseminating innovations and new technologies in production, enhance investment and innovation capacity of rural areas, modernization and change of territorial industries. The study identifies the terms and determinants in building effective infrastructure support for facilitating innovation and investment process of rural development and its properties that arise within the competitive economy paradigm. Apart from that, the study presents a framework of endogenous and exogenous factors affecting the infrastructure support for innovation and investment processes to foster rural development in Ukraine. The following factors are discussed as the most critical ones: legal, financial, investment-based, organizational, managerial, psychological, motivational, economic, consulting, informational, professional, scientific, industrial, technological, marketing, socioeconomic, etc. The summary outlines the key vectors of institutional, organizational and economic transformation that will promote building effective infrastructure support for further innovative development of rural areas.

Does COVID-19 really make people risk aversion in investment decision-making?

The economic fallout from COVID-19 pandemic changes individuals’ investment perceptions and behaviors in a tremendous way. Consequently, investment decision-making has been affected as people have to adjust to the new environment. This study aims to study whether COVID-19 really make people risk aversion due to the economic slowdown. Our empirical results are analyzed from household finance data in U.S in July 2021. It is found that COVID-19 proximity, income, and occupation are positively associate with risking taking in investment decision-making, while age and family size are not. This study contributes to the newly emerged body of knowledge on post pandemic investment decision-making and risk behavior analysis and provide implications for financial investment institutions.

Linking Tree Cover Change to Historical Management Practices in Urban Parks

ContextUrban parks provide critical ecological, health, and social benefits, constituting a substantial proportion of urban tree canopy (UTC) within a given city. As cities set ambitious UTC targets, it is critical to understand the social drivers of UTC changes in parks. ObjectivesWe sought to uncover the feedbacks between social processes, including historical events, and park UTC in a post-industrial city that experienced substantial population loss and urban park disinvestment. Methods Our mixed-methods approach involved quantifying spatiotemporal UTC changes and connecting those changes to historical management practices for three parks in Philadelphia, PA (US). We delineated UTC using aerial imagery between 1959 and 2018, and synthesized information from archival records and semi-structured interviews about historical management practices. ResultsWe found substantial UTC gains between 1959 and 1980, due to both: (a) budget cuts, mowing cessation, and associated unintended forest emergence; and (b) purposeful tree planting and reforestation activities. While some UTC gains were purposeful, others were unintentional and reflect successional processes on unmaintained lands. Contrary to literature suggesting that financial investment would lead to UTC gain, we saw declining UTC following an influx of new funding post-2000 due to construction and ecological restoration. ConclusionsWe found differing pathways leading to convergent outcomes of UTC gains. Across the three parks, differing historical processes and management goals for park landscapes had important ramifications for UTC. Our work suggests that landscape management could benefit from an improved understanding of how historical processes impact land cover.

Optimization of the mechanism of financial incentives for the development of logistics activities in the polish construction industry

The article explores the role of various financial incentive instruments in optimizing the financial mechanism of logistics development in the construction sector of the economy. The author focuses on the necessary to use a synergistic approach in the study of efficiency issues of two related industries - logistic and construction sectors of the national economy. Positive factors such as convenient location, available transport potential, established logistics system, material and resource base and the potential of domestic producers determine the rapid development of the construction industry, which brings its significant contribution to the development of the national economy of Poland. At the same time, the main factor contributing to the development of construction business is domestic production of construction materials. In this context, it should be noted that the country has developed the potential of its own production of building materials, there is a sufficient fleet of construction machinery and construction equipment, innovative technologies are being introduced, highly qualified personnel, etc. Comprehensive assessment of financial-investment and transport-logistic potentials in the context of the regions, as well as differentiated approach allowed to offer a matrix of financial stimulation tools for the development of logistics in construction in a horizontal and vertical strategy. At a time of intensifying crisis phenomena, simultaneous stagnation of regional development and increasing competition in the globalized world, the issues of selecting effective instruments of financial support for the development of national transport and logistics system and construction sector of economy gain priority importance, as they can generate a significant increase in the gross domestic income of the state budget and become one of the main sources of ensuring Polish competitiveness.

Vladikavkaz Loris-Melikov Vocational School

Mikhail Tarielovich Loris-Melikov is a person who has gone down in the history of Vladikavkaz by many good deeds that have left a rich cultural and historical mark forever. He took the most active part, including financially, in the organization and functioning of a number of charitable and social and cultural institutions, donating significant sums from his own capital and income. The craft school of pre-revolutionary Vladikavkaz survived all epochs of political transformations and military events. Thanks to the vocational school, production on the territory of Ossetia developed successfully since there were high-quality trained cadres in a new direction, but functions to this day, preserving the memory of Mikhail Tarielovich as its founder. The financial investment and the capital left by Loris-Melikov in his will served as the basis for the functioning of the school during the first few decades since its opening. The difficult periods in which the educational authorities were forced to change the rules of admission in connection with those and other reasons causing financial difficulties are also briefly touched upon. The article provides information on income in the form of interest deducted by the bank and the expenses of these amounts for the needs of the school, including scholarships for students. The content of the publication will make it possible to trace the expansion of directions in the training of specialists due to the opening in different years of new departments, with a narrow specificity. The publication will allow you to have an idea of the urban life of this period, since it partly reflects the life of the inhabitants who turned to the workshops of the vocational school for household services, which the school was quite capable of providing conclusion, we are talking about the post-revolutionary activities of the school based already on the Soviet education system.

Competitive models of safe development of Ukraine in conditions of institutional instability and global environmental challenges

The article considers the prerequisites and mechanisms for the formation of competitive security strategies for socio-economic development of the state in the entropy of the global environment. Conceptual bases of security for implementing the macromodel of the state social and economic development are analyzed, that, in particular, provides: dismantling the system of clan capitalism, de-shadowing of economy and counteraction to corruption, safety of consumption and balanced limited social and economic development and application of bionic management paradigm of economic security based on a unified fiscal accounting payment system. This model should provide the basic preconditions for happiness and self-reproduction of citizens: social justice in the distribution of public goods and overcoming poverty, combating corruption, comfortable economic climate, strengthening economic security and confidence in the future by stabilizing macroeconomic indicators over time. This will allow forecasting the needs of consumer, financial, investment, innovation markets in the strategic perspective and other indicators, which will be a prerequisite for sustainable safe development and full consideration of the interests of future generations.

Evaluation of the economic impact of COVID-19 on Brazilian private dental clinics: A cross-sectional study

BACKGROUND: The changes in dental care in the face of the COVID-19 pandemic resulted in the need for greater financial investment by dentists in biosafety measures and increase in the costs of dental consultations. OBJECTIVE: To evaluate the economic impact of the COVID-19 pandemic on dental practices in private clinics in Brazil. METHODS: A cross-sectional study was carried out, using an online questionnaire indexed in Google Forms, and distributed among dentists. The data obtained were analyzed using the IBM SPSS 25.0 software, evaluating the factors associated with strong or very strong impact on the participants’ income and the factors that motivated the dentists to look for a credit line. Multiple logistic regression models were constructed to identify the associated factors. Variables with p < 0.05 were considered statistically significant. RESULTS: Most participants were female, with a median age of 35 years. Dentists who are most concerned about their professional future (OR = 3.134; 95% CI: 1.804–5.445), who have longer office hours (OR = 2.056; 95% CI: 1.198–3.529), who had the greatest impact on the flow of patients (OR = 16.358; 95% CI: 9.408–28.443) and in need of investing in infrastructure (OR = 1.756; 95% CI: 1.014–3.041), had the greatest impact on monthly earnings. CONCLUSIONS: The pandemic and the new biosafety recommendations for care during this period had a negative impact on the income of Brazilian dental offices and increased the chance of seeking credit to alleviate the financial deficit.