The Reasoning of a Responsible Investment Position in the Structure of the Stock Exchange Market

Purpose: To substantiate the place and role of the responsible investment in the structure of the stock exchange market. Methods: Structure-functional in order to form an idea of the structure of the stock exchange market, determining the place and role of responsible investment elements in the stock market organization; systematic analysis to identify current trends and patterns in the functioning of the socially responsible investment segment by geographical regions of the world; statistical and graphical methods for quantitative and visual presentation of the results of the stock market sectors analysis, represented by responsible investment elements. Findings: The definition of «responsible investment» and «stock market» has been clarified; a number of subjects, objects and forms of responsible investment, which are elements of the stock market, are singled out and substantiated; the generalization of activities of stock exchanges in the field of responsible investing is carried out; the dynamics of stock market sector indicators, which are represented by elements of responsible investment, are analyzed; key reporting standards used by stock exchanges in disclosing ESG issues are analyzed. Theoretical Implications: A comprehensive assessment of the functioning of socially responsible investment segment as part of the stock market is carried out, the place and role of responsible investing in the stock market structure are substantiated, which creates a basis for the development of effective measures to increase the stock market efficiency of Ukraine and its transformation into an effective and stable source of investment resources. Future Research: The results can be used in the context of further study of the stock market transformation in Ukraine on the basis of a socially responsible trajectory and fractal analysis. Paper Type: Theoretical. The study was performed within the state budget research «Fractal model of the stock market transformation in Ukraine: socially responsible investment to achieve the Sustainable Development Goals» № 0121U100473.

AI-driven Optimization in Healthcare: the Diagnostic Process

Purpose: Process optimization in healthcare using artificial intelligence (AI) is still in its infancy. In this study, we address the research question “To what extent can an AI-driven chatbot help to optimize the diagnostic process?” Design / Method / Approach: First, we developed a mathematical model for the utility (i.e., total satisfaction received from consuming a good or service) resulting from the diagnostic process in primary healthcare. We calculated this model using MS Excel. Second, after identifying the main pain points for optimization (e.g., waiting time in the queue), we ran a small experiment (n = 25) in which we looked at time to diagnosis, average waiting time, and their standard deviations. In addition, we used a questionnaire to examine patient perceptions of the interaction with an AI-driven chatbot. Findings: Our results show that scheduling is the main factor causing issues in a physician’s work. An AI-driven chatbot may help to optimize waiting time as well as provide data for faster and more accurate diagnosis. We found that patients trust AI-driven solutions primarily when a real (not virtual) physician is also involved in the diagnostic process. Practical Implications: AI-driven chatbots may indeed help to optimize diagnostic processes. Nevertheless, physicians need to remain involved in the process in order to establish patient trust in the diagnosis. Originality / Value: We analyze the utility to physicians and patients of a diagnostic process and show that, while scheduling may reduce the overall process utility, AI-based solutions may increase the overall process utility. Research Limitations / Future Research: First, our simulation includes a number of assumptions with regard to the distribution of mean times for encounter and treatment. Second, the data we used for our model were obtained from different papers, and thus from different healthcare systems. Third, our experimental study has a very small sample size and only one test-physician. Paper type: Empirical

The State of Dissemination of Open Research Data in Ukraine and the World: Bibliometric Analysis

Purpose: To determine the current state of development of open science in the paradigm of open research data in Ukraine and the world, as well as to analyze the representation of Ukraine in the world research space, in terms of research data exchange. Design / Method / Research Approach: Methods of synthesis, logical and comparative analysis used to determine the dynamics of the number of research data journals and data files in the world, as well as to quantify the share of research data repositories in Ukraine and the world. Trend and bibliometric analysis were used to determine the share of publications with their open primary data; analysis of their thematic structures; identification of the main scientific clusters of such publications; research of geographic indicators and share of publications by research institutions. Findings: The study found a tendency to increase both the number of data logs and data files in Dryad (open data repository). The results of the analysis of the share of data repositories indexed in re3data (register of research data repositories) show that 51% of the total number are repositories of data from European countries, with Germany leading with 460 repositories, followed by the United Kingdom (302 repositories) and France (116 repositories). Ukraine has only 2 data repositories indexed in re3data. The trend of relevance of data exchange is confirmed by the increase of publications with datasets for the last 10 years (2011-2020) in 5 times. Research institutions and universities are the main sources of research data, which are mainly focused on the fields of knowledge in chemistry (23.3%); biochemistry, genetics and molecular biology (13.8%); medicine (12.9%). An analysis of the latest thematic groups formed on the basis of publications with datasets shows that there is a significant correlation between publications with open source data and COVID-19 studies. More than 50% of publications with datasets both in Ukraine and around the world are aimed at achieving the goal of SDG 3 Good Health. Theoretical Implications: It is substantiated that in Ukraine there is a need to implement specific tactical and strategic plans for open science and open access to research data. Practical Implications: The results of the study can be used to support decision-making in the management of research data at the macro and micro levels. Future Research: It should be noted that the righteous bibliometric analysis of the state of the dissemination of data underlying the research results did not include the assessment of quality indicators and compliance with the FAIR principles, because accessibility and reusability are fundamental components of open science, which may be an area for further research. Moreover, it is advisable to investigate the degree of influence of the disclosure of the data underlying the research result on economic indicators, as well as indicators of ratings of higher education, etc. Research Limitations: Since publications with datasets in Scopus-indexed journals became the information base of the analysis for our study, it can be assumed that the dataset did not include publications with datasets published in editions that the Scopus bibliographic database does not cover. Paper type: Theoretical

Review and Comparison of Multi-Method and Mixed Method Application in Research Studies

Purpose: To explore the feasibility of using the multi-method and mixed-method in research studies by reviewing and comparing both methods. Design / Method / Approach: Using the literature, historical background on mixed-methods and multiple-methods design principles are collected and applied in this paper in a systematic review format. Findings: The major finding from this research is that incorporating quantitative and qualitative data in the form of a mixed or multi-method study has the potential to dramatically increase the accuracy and quality of any research's analysis and conclusions. Theoretical Implications: The study contributes to the theoretical understanding of how mixed and multi-method studies have distinct and distinguishable characteristics; it encourages researchers to conduct investigations appropriately to accomplish their research goals. The authors of this article introduce different designs (e.g., embedded design, explanatory design) which combine a mixed-method approach with a multi-method one. Practical Implications: This study concludes that both mixed methods and multi methods are reliable and have unique characteristics that increase the validity (i.e., external validity, generalizability) and reliability of study findings. Originality / Value: The authors of this paper present a taxonomy how to combine mixed methods with multi methods. Research Limitations / Future Research: Research should be directed at defining the appropriate design for a multi-method approach to help researchers conduct multi method studies scientifically. Paper Type: Conceptual.

Модельна оцінка результативності інноваційної діяльності економічного суб’єкту в контексті сталого розвитку (на прикладі домогосподарства)

Мета роботи: Розробити модель формування економічної поведінки домогосподарств в умовах балансу доходів і витрат, яка дозволяє провести якісну оцінку впливу інноваційної діяльності домогосподарства на процеси сталого розвитку. Результати дослідження: У статті розвинено концепцію сталого розвитку та на основі моделі, побудованої у просторі станів, уперше запропоновано конструкт, який отримав назву «активний економічний диполь». За його допомогою аналітично доведено, що інноваційна діяльність домогосподарств позитивно впливає як на їх сталий розвиток, так і на сталий розвиток економічної системи в цілому Практичне значення дослідження: Запропонований підхід може бути використаний для якісної оцінки ефективності діяльності економічних суб’єктів в умовах збалансованої циркуляції ресурсів в контексті стійкого розвитку. Оригінальність / Цінність дослідження: Авторська модель оцінки інноваційної діяльності домогосподарств оригінальна. Модель не має аналогів у науковій літературі досліджуваної предметної області. Обмеження досліджень / Перспективи подальших досліджень: Дослідження пропонує узагальнену модель без повного опису розмірності її складових та процедури визначення вхідних параметрів. Такий опис та його застосування визначають потенційні напрямки подальших досліджень. Тип статті: Теоретичний.

The Many Faces of Distance – A Typology of Distance in Management

Purpose: Based on the various streams of distance literature in management, a framework is provided to make discourses on distance clear. Design / Method / Approach: After a review of the most relevant distance concepts, a typology with five categories is introduced, which are then applied to the most relevant distance concepts in management. Findings: A clear typology helps to clearly define and differentiate the various streams of distance literature. Theoretical Implications: With the conceptual categories ‘topic’, ‘dimensionality’, and ‘level of analysis’, and the empirical categories ‘variables’ and ‘distance calculation’, distance concepts become more consistent. Practical Implications: With a terminology for the different aspects of distance, practitioners can focus more clearly on specific remedies to bridge distance. Originality / Value: The paper offers a new typology of different elements of distance. Research Limitations / Future Research: The introduced typology will aid in the discussion of distance in management. Paper type: Conceptual

Analysis of the Impact of Business Greening, which Based on Circular Economy Principles, on Sustainable Tourism Development in European Countries

Purpose: To test the hypothesis of the relationship between the degree of business greening on the basis of a circular economy and indicators that determine the level of international tourism attractiveness of European countries in the context of sustainable tourism. Findings: The author puts forward a hypothesis about the existence of a stable relationship between the business greening degree, which based on the principles of a circular economy, and the level of tourist attractiveness of the country. Based on the analysis of the basic provisions of the circular economy concept and the principles of sustainable development, the author provides a theoretical substantiation of this relationship. The author testes the hypothesis by clustering European countries according to the Environmental Performance Index and, based on correlation analysis, determines a close relationship between economic and environmental indicators within each of the clusters. Calculations show that in some regions of Europe there is a positive impact of the spread of the circular economy on the intensification of migration flows to the country. Practical Implications: The results of the research can be used in the practice of international companies when justifying the feasibility of investments in circular projects and programs for the transition to environmental development of territories, as well as for public administration in the development of a positive tourist image of the country. Originality/Value: For the first time, the author proposes a methodological approach to assessing the tourist attractiveness of a country in the context of business greening based on a circular economy. Future Research: Image-making of territories based on a circular economy, systematization of world experience in tourist consumption greening, the formation of tourist clusters in countries with a high level of development of the circular economy. Paper type: Empirical

Benefits of Web-based Idea Management System Application

Purpose: Research web-based idea management system (IMS) application benefits and their relations with different IMS types and how it is all related to the IMS results – idea quality, idea quantity and involvement. Design/Method/Approach: On the basis of a commercially available web-based IMS study and the analysis of cases of the IMS use, the main benefits of IMS were identified. The survey verified the most typical benefits for the IMS use. On the basis of a thematic analysis of the benefits, they were grouped together in advance in the thematic groups that were addressed. Data collection: the survey of 400 enterprises with web-based IMS experience was carried out. Data analysis: descriptive statistics and MANOVA analysis were utilized. Findings: The potential benefits of IMS in 4 main groups: the benefits of an idea management (IM) process, the benefits of innovation management, the benefits of cooperation, and the benefits of general management were determined. According to MANOVA, all groups of benefits have strong connections with all types of a web-based IMS. Originality/Value: This study fills the previously identified need to clarify the types of IMS and their impact on the results and benefits of IMS application. Academic contribution to the study is (1) it is the broadest survey-based study of the web-based IMS benefits; (2) it applies two classifications of IMS; (3) it explores relations among the results, benefits and IMS types. Practical contribution is the outcomes of the study will help companies to understand what results can be achieved using different types of IMS. Research Limitations/Future Research: This research opens avenues for the future research on the web-based IMS application in organizations exploring each of the benefit relations with the web-based IMS types. Paper type: Empirical.

Operation Algorithm of the Adaptive Mechanism for Managing the Strategy Implementation in Digital Business Environment

Purpose: To substantiate the elements of a complex mechanism for adaptive business strategies implementation and to develop an algorithm for its operation in a digital environment. Findings: A hypothesis about the positive impact of global digitalization of business on the formation of an adaptive mechanism for managing the business strategy implementation. It is proved that in the digital environment the indicative tools and flexible methods of making managerial decisions are activated, the efficiency of functioning of the corresponding mechanisms increases. The author offers adaptive mechanism for managing the business strategy implementation in the conditions of digital environment, substantiates its components, determines the tools for environmental diagnostics, selection and implementation of adaptive strategies, and highlights the principles of operation and interconnection of the subsystems of the mechanism. The article reveals functions and tasks of the adaptive mechanism and offers the algorithm of its introduction in the conditions of the digital environment. Practical Implications: The results of the study can be used in the practice of management of modern economic entities in order to ensure management decisions and strategic development in the context of global digitalization of business. Originality/Value: For the first time, the author proposes the adaptive mechanism for managing the business strategy implementation in a digital environment and substantiates its components, functions, methods and tools. Future Research: Risk management of adaptive strategies, indicative technologies of diagnostics of digital environment, systematization of world experience of strategic adaptive management. Paper type: Theoretical

Dominants and Features of Growth of the World Market of Robotics

Purpose: Explore the current state, trends and development prospects of the global robotics market, especially the industrial robotics segment, as well as the service robots segment. Design/Method/Approach: Logical, statistical, and graphical methods were used; systemic, structural-functional, and comparative types of analysis. The specificity of the interdisciplinary research is expressed in the use of the methodology for graphical presentation of the life cycle of technologies and goods. Findings: The format for the use of “end-to-end” digital technologies, which include robotics, artificial intelligence and others, was determined, which leads to extreme changes in production and consumption and, in fact, marks the onset of a new technological order. It can be stated that a new cluster of innovations has been formed in the information technology industry, going beyond its limits, explosively transforming the sectors of the economy, the activities of the state and business, society and the world as a whole. The world markets for new technologies and goods are being formed, the composition and distribution of the roles of the participants in the global innovation system are changing. Modern concepts of innovative development of the world economy were studied, and a comparative analysis of methods for studying the markets of high-tech goods in various schools of economics was carried out. The authors outlined the features of the formation of the world robotics industry as a large technological system and assessed the place of the world market of robots in the world economy. The study contains the results of the work carried out to study the conditions and factors of the development of the global robotics market, as well as an overview of its geographical and corporate structure. In the scientific work, a study of the features of pricing in the robotics market and the specifics of creating and financing robotic projects was carried out. Theoretical Implications: A comprehensive assessment of the global robotics market was carried out and the leading vectors of its transformations and growth prospects were identified. Practical Implications: The obtained results of the study can be used as the basis for the formation of a corporate strategy for the development of individual companies and enterprises of industrial sectors of the world economy in order to accelerate innovative, technical and economic development in a durable format. Originality/Value: The features and components of the development of the world industrial robotics market have been investigated. The encouraging directions of robotization of the world economy are determined. Prospects for further research. The obtained results can be used in the context of the promising development of a national doctrine or policy of robotization and the development of digital robotic systems of industry in the countries of the world. Future Research: The obtained results can be used in the context of prospective development of national doctrine or policy of work and development of digitalized industrial systems of the world's countries. Paper type: Theoretical