INNOVATIVE APPROACH TO BUDGETING ACTIVITIES OF INSURERS IN THE CRISIS ON THE UKRAINIAN INSURANCE MARKET
Słowa kluczowe:
insurance market, non-budgetary methods of financial planning, financial planning, traditional budgeting, financial innovation
Abstrakt
Traditional budgeting, despite the critical comments regarding this management tool, is widely used in many medium and large enterprises, including insurance companies. The authors propose an innovative approach to budget management in insurance companies, based on the hyperdynamics feature, permanent instability of today's business environment in the country generally, in the insurance market particularly, and specifics of insurance. In particular, it is a combination of traditional budgeting and non-budgetary methods of financial planning.
Wykaz bibliografii
Bily`k, M. D. (2013). Budgeting of business entities. Kyiv: KNEU Publ. [in Ukrainian].
Hope, J., Fraser Beyond R. (2003). Budgeting: How Managers Can Break Free from the Annual Performance Trap. Boston: Harvard Business School Press Publ. [in English].
National Commission for the State Regulation of Financial Services Markets. (2017). Official site of National Commission for the State Regulation of Financial Services Markets. [Electronic resource]. Retrieved from http://nfp.gov.ua/. [in Ukrainian].
Shhy`borshh, K. V. (2004). Budgeting of activity of industrial enterprises of Russia. Moscow: Business and service Publ. [in Russian].
Suprun, A. A., Zajvenko, T. O. (2009). Insurance services. Lviv: Magnolia Publ. [in Ukrainian].
Tereshhenko, O. O. (2003). Financial activity of business entities. Kiev: KNEU Publ. [in Ukrainian].
Ushakova, N. A., Kurbanaeva, L. H. (2016). Theoretical and methodological principles of budgeting. International Scientific Journal “Interactive Science”, No.10, 172-176. doi: 10.21661/r-115258. [in Russian].
Vonasek, J. (2011). Implementing responsibility centre budgeting. Journal of Higher Education Policy and Management, Vol. 33, No. 5, 497-508. doi: 10.1080/1360080X.2011.605224. [in English].
Hope, J., Fraser Beyond R. (2003). Budgeting: How Managers Can Break Free from the Annual Performance Trap. Boston: Harvard Business School Press Publ. [in English].
National Commission for the State Regulation of Financial Services Markets. (2017). Official site of National Commission for the State Regulation of Financial Services Markets. [Electronic resource]. Retrieved from http://nfp.gov.ua/. [in Ukrainian].
Shhy`borshh, K. V. (2004). Budgeting of activity of industrial enterprises of Russia. Moscow: Business and service Publ. [in Russian].
Suprun, A. A., Zajvenko, T. O. (2009). Insurance services. Lviv: Magnolia Publ. [in Ukrainian].
Tereshhenko, O. O. (2003). Financial activity of business entities. Kiev: KNEU Publ. [in Ukrainian].
Ushakova, N. A., Kurbanaeva, L. H. (2016). Theoretical and methodological principles of budgeting. International Scientific Journal “Interactive Science”, No.10, 172-176. doi: 10.21661/r-115258. [in Russian].
Vonasek, J. (2011). Implementing responsibility centre budgeting. Journal of Higher Education Policy and Management, Vol. 33, No. 5, 497-508. doi: 10.1080/1360080X.2011.605224. [in English].
Abstract views: 461 PDF Downloads: 227
Opublikowane
2017-12-28
Jak cytować
Suprun, A., & Petrishina, T. (2017). INNOVATIVE APPROACH TO BUDGETING ACTIVITIES OF INSURERS IN THE CRISIS ON THE UKRAINIAN INSURANCE MARKET. Periodyk Naukowy Akademii Polonijnej, 25(6), 11-18. https://doi.org/10.23856/2501
Dział
Nauki społeczne
