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Financial Resources Governance of Ukraine: Identification of Opportunities and Conditions for Improvement

In: Global Versus Local Perspectives on Finance and Accounting

Author

Listed:
  • Iryna Danyliuk-Chernykh

    (Ivano-Frankivsk National Technical University of Oil and Gas)

  • Vira Vartsaba

    (Uzhhorod National University)

  • Victor Petrenko

    (Ivano-Frankivsk National Technical University of Oil and Gas)

  • Zoriana Matsuk

    (Ivano-Frankivsk National Technical University of Oil and Gas)

Abstract

The analysis of the financial system of Ukraine and all its components shows quite obvious consequences of unsatisfactory functioning. These are instability, imbalance, insecurity, and spontaneity in regulation and governance. Ukraine today acts as a classical example of a lack of trust for all and everyone, i.e., trust among such participants in the financial services market as the regulator National bank of Ukraine, banking system, and consumers of their services. In this regard, the purpose of this article is to seek and identify the conditions for the harmonization of the interests of financial market participants and their behavior in this market. The article contains interpretation of the financial system as a classical self-regulated link covered by some feedback. The authors of concluded that the innovative potential of financial management should be sought in improving financial management components of the integral intelligence of human resources system. The synarch-syntellect-synergetic model of the behavior of the management and human resources is presented can become the most effective solution because of the appeal to the system’s “shared mind” in order to obtain the desired result.

Suggested Citation

  • Iryna Danyliuk-Chernykh & Vira Vartsaba & Victor Petrenko & Zoriana Matsuk, 2019. "Financial Resources Governance of Ukraine: Identification of Opportunities and Conditions for Improvement," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Global Versus Local Perspectives on Finance and Accounting, pages 63-71, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-11851-8_6
    DOI: 10.1007/978-3-030-11851-8_6
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