Sustainable Business Practices: Adapting to Crisis and Achieving Profitability
(Pages 50-58)Yuliia Peniak1, Olha Abramova2,*, Liudmyla Bezuhla3, Maryna Pashkevych4 and Liudmyla Bondarenko5
1Department of Accounting and Taxation, Educational and Scientific Institute "Karazin Banking Institute", V.N. Karazin Kharkiv National University, 4 Svobody Sq., Kharkiv, 61022, Ukraine.
2Department of Accounting and Taxation, Educational and Scientific Institute "Karazin Banking Institute", V.N. Karazin Kharkiv National University, 4 Svobody Sq., Kharkiv, 61022, Ukraine.
3Department of Tourism and Enterprise Economics, Dnipro University of Technology, 19 av. Dmytra Yavornytskoho, Dnipro, 49005, Ukraine.
4Head of the International Relations and Audit Department, Dnipro University of Technology, 19 av. Dmytra Yavornytskoho, Dnipro, 49005, Ukraine.
5Department of Tourism and Enterprise Economics, Dnipro University of Technology, 19 av. Dmytra Yavornytskoho,Dnipro, 49005, Ukraine.
DOI: https://doi.org/10.55365/1923.x2024.22.6
Abstract:
The purpose of the article is to identify real trends in financial results, identify sustainable industries that can independently activate existing reserves and the most volatile industries that require enhanced support from the state and private capital. Analysis and synthesis methods allowed for a comprehensive examination, which ultimately led to the identification of the key factors that impact decision-making. The article examines key factors impacting business financial results, particularly the profitability of agribusiness in Ukraine, which stands out among various sectors of the manufacturing economy. But the results of the employment level analysis in agriculture and the trade balance of vegetable products in Ukraine show a negative trend. The article focuses on the factors that require state regulation to support agriculture in Ukraine and the entire national economy: fiscal policy, balancing exports and imports, protecting the interests of national enterprises. The introduction of tax breaks, particularly for new companies, will stimulate the creation of new workplaces and will have a positive impact on the Ukrainian state budget. An important step is the provision of concessional lending to business, increasing the number of government orders.
Keywords:
Agricultural Production, Financial Result, Stability, Sustainability, Types of Economic Activity.
JEL Codes:
L66, Q14.
How to Cite:
Yuliia Peniak, Olha Abramova, Liudmyla Bezuhla, Maryna Pashkevych and Liudmyla Bondarenko. Sustainable Business Practices: Adapting to Crisis and Achieving Profitability. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a6/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.