IDEAS home Printed from https://ideas.repec.org/a/ssi/jouesi/v6y2019i4p1784-1797.html
   My bibliography  Save this article

Assessment of forest enterprises' performance: integrating economic security and ecological impact

Author

Listed:
  • Larysa Cherchyk

    (Lesya Ukrainka Eastern European National University, Ukraine)

  • Mykola Shershun

    (Institute of Agroecology and Environmental management of National Academy of Agrarian Sciences, Ukraine)

  • Nina Khumarova

    (Institute of Market Problems and Economic-Ecological Research NAS of Ukraine, Ukraine)

  • Taras Mykytyn

    (Rivne State Humanitarian University, Ukraine)

  • Artur Cherchyk

    (Lesya Ukrainka Eastern European National University, Ukraine)

Abstract

At the stage of the strategic or tactical managerial decisions justification, it is important to choose the right approach, verify proper information sources, develop methods to identify the status of the enterprise. The mentioned prerequisites necessitate the development of methodological tools for the formation of appropriate information and analytical support. The aim of the study is to substantiate the methodology of assessing the ecological and economic security of forestry farms and to test this methodology basing on the data received from state forestry enterprises. The subject of the study is the methodological aspects of developing the methodic for assessing the ecological and economic security of forests, taking into account the peculiarities of their functioning as complex ecological-economic systems. The latter determines the essence of the hypothesis, which requires the use of an integrated indicator for assessing the security of forestry enterprises, taking into account interdependent and interconnected economic and environmental components. Methodic for assessing the ecological and economic security of forest holdings is a sequence of stages that ensure the formation of an information base for the research; selection of indicators; their processing using component, index, normative methods; interpretation of the results of calculations. The authors specify the content of the main terms: ecological, economic, financial, techno-technological, social security, safety of forest use, reforestation, forest protection activity. The methodic has been tested on the data from forest enterprises in Volyn and Rivne regions of Ukraine. The authors obtained adequate results, which indicate a high and satisfactory level of ecological and economic security of these enterprises in 2017. The strengths and weaknesses of the enterprises and the factors that influenced them were revealed. The methodology for assessing ecological and economic security is a tool for obtaining the necessary information about the status of the enterprise in order to substantiate practical recommendations for the further development of forestry as a coherent and stable system.

Suggested Citation

  • Larysa Cherchyk & Mykola Shershun & Nina Khumarova & Taras Mykytyn & Artur Cherchyk, 2019. "Assessment of forest enterprises' performance: integrating economic security and ecological impact," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1784-1797, June.
  • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1784-1797
    DOI: 10.9770/jesi.2019.6.4(17)
    as

    Download full text from publisher

    File URL: https://jssidoi.org/jesi/uploads/articles/24/Cherchyk_Assessment_of_forest_enterprises_performance_integrating_economic_security_and_ecological_impact.pdf
    Download Restriction: no

    File URL: https://jssidoi.org/jesi/article/320
    Download Restriction: no

    File URL: https://libkey.io/10.9770/jesi.2019.6.4(17)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Agus Ismaya Hasanudin & Yuliansyah Yuliansyah & Jamaliah Said & Christin Susilowati & Muafi, 2019. "Management control system, corporate social responsibility, and firm performance," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(3), pages 1354-1368, March.
    2. Andrii Kubaienko, 2018. "Activation of the Economic Security of Ukraine in Terms of the European Integration," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(2), pages 91-114.
    3. Nina Ilysheva & Elena Baldesku & Ulugbek Zakirov, 2017. "Detection of the Interdependence of Economic Development and Environmental Performance at the Industry Level," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(4), pages 19-29.
    4. repec:ssi:jouesi:v:1:y:2019:i:1:p:48-57 is not listed on IDEAS
    5. Jolanta Žemgulienė & Mantas Valukonis, 2018. "Structured literature review on business process performance analysis and evaluation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 226-252, September.
    6. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 48-57, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Katarzyna Liczmańska-Kopcewicz & Paula Pypłacz & Agnieszka Wiśniewska, 2020. "Resonance of Investments in Renewable Energy Sources in Industrial Enterprises in the Food Industry," Energies, MDPI, vol. 13(17), pages 1-20, August.
    2. Marcin Rabe & Dalia Streimikiene & Yuriy Bilan, 2020. "Model of Optimization of Wind Energy Production in the Light of Legal Changes in Poland," Energies, MDPI, vol. 13(7), pages 1-15, March.
    3. Mihaela Simionescu & Yuriy Bilan & Emília Krajňáková & Dalia Streimikiene & Stanisław Gędek, 2019. "Renewable Energy in the Electricity Sector and GDP per Capita in the European Union," Energies, MDPI, vol. 12(13), pages 1-15, June.
    4. Tetyana Vasylieva & Oleksii Lyulyov & Yuriy Bilan & Dalia Streimikiene, 2019. "Sustainable Economic Development and Greenhouse Gas Emissions: The Dynamic Impact of Renewable Energy Consumption, GDP, and Corruption," Energies, MDPI, vol. 12(17), pages 1-12, August.
    5. Serhiy Lyeonov & Tetyana Pimonenko & Yuriy Bilan & Dalia Štreimikienė & Grzegorz Mentel, 2019. "Assessment of Green Investments’ Impact on Sustainable Development: Linking Gross Domestic Product Per Capita, Greenhouse Gas Emissions and Renewable Energy," Energies, MDPI, vol. 12(20), pages 1-12, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anis Ali, 2020. "Financial performance, disparity, and trend of petrochemicals sector of Saudi Arabia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 809-824, September.
    2. Ainur Karipova & Gulmira Kabdullina & Gizat Kenesheva & Madina Tursumbaeva & Saltanat Kapysheva & Zhanna Nurgalieva, 2020. "Monitoring of industrial enterprises' performance in emerging economy: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1177-1196, December.
    3. Aleksandra Leschinskaya & Oksana Kirillova & Maksim Palyanov, 2023. "Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry," Energies, MDPI, vol. 16(16), pages 1-13, August.
    4. Hafizah Abd-Mutalib & Che Zuriana Muhammad Jamil & Rapiah Mohamed & Nor Atikah Shafai & Saidatul Nurul Hidayah Jannatun Naim Nor-Ahmad, 2021. "Firm and Board Characteristics, and E-Waste Disclosure: A Study in the Era of Digitalisation," Sustainability, MDPI, vol. 13(18), pages 1-14, September.
    5. Aleksandr M. Batkovskiy & Aleksandr V. Leonov & Aleksey Yu. Pronin & Elena G. Semenova & Alena V. Fomina & Viktor M. Balashov, 2019. "Sustainable development of Industry 4.0: the case of high-tech products system design," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1823-1838, June.
    6. Fuzhen Liu & Kee-hung Lai & Wei Cai, 2021. "Responsible Production for Sustainability: Concept Analysis and Bibliometric Review," Sustainability, MDPI, vol. 13(3), pages 1-27, January.
    7. Sumaryo & Agus Ismaya Hasanudin & Elvin Bastian & Munawar Muchlish, 2024. "The Role of Minority Shareholders Protection as a Moderator of the Influence of Green Environmental Cost Disclosure and Company’s Financial Performance on Its Stock Return – An Empirical Study on Indo," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 85-104.
    8. Jolanta Sabaitytė & Vida Davidavičienė & Gerard Frederick Van Kleef, 2020. "The Peculiarities of Low-Cost Carrier Development in Europe," Energies, MDPI, vol. 13(3), pages 1-19, February.
    9. Liudmila V. Kashirskaya & Alexey A. Sitnov & Dilmurod Аsh. Davlatzoda & Tatiana M. Vorozheykina, 2020. "Knowledge audit as a key tool for business research in the information society," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2299-2319, March.
    10. Natalia A. Prodanova & Natalia V. Savina & Zhanna Kevorkova & Lyudmila N. Korshunova & Nadezhda Bochkareva, 2019. "Organizational and methodological support of corporate self-assessment procedure as a basis for sustainable business development," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1136-1148, December.
    11. Tiantian Wang & Kamisah Ismail & Khairul Saidah Abas Azmi, 2022. "The Rise of MCS and EMA in the Sustainable Field: A Systematic Literature Analysis," Sustainability, MDPI, vol. 14(24), pages 1-12, December.
    12. Daiva Tamulevičienė & Armenia Androniceanu & Armenia Androniceanu, 2020. "Selection of the indicators to measure an enterprise’s value and its changes in the controlling system for medium-sized enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1440-1458, March.
    13. Natalya Pavlovna Vinogradova & Alexander Nikolaevich Popov, 2019. "Methodological basis of economic decision-making," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1798-1806, June.
    14. Natalia A. Prodanova & Natalia V. Savina & Vadim A. Dikikh & Yulianna I. Enina & Olga Yurievna Voronkova & Vladimir V. Nosov & Vladimir V. Nosov, 2020. "Features of the coherent presentation of information in order to prepare integrated corporate reporting," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2227-2281, March.
    15. Aksana A. Turgaeva & Liudmila V. Kashirskaya & Yulia A. Zurnadzhyants & Olga A. Latysheva & Irina V. Pustokhina & Andrei V. Sevbitov, 2020. "Assessment of the financial security of insurance companies in the organization of internal control," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2243-2254, March.
    16. Olga Lingaitienė & Juozas Merkevičius & Vida Davidavičienė, 2021. "The Model of Vehicle and Route Selection for Energy Saving," Sustainability, MDPI, vol. 13(8), pages 1-20, April.
    17. N.A. Prodanova & N.S. Plaskova & V.A. Dikikh & L.V. Sotnikova & L.K. Nikandrova & G.A. Skachko, 2019. "Techniques for Assessing the Investment Attractiveness of a Commercial Organization based on Classical Methods of Strategic Economic Analysis," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 35-46.
    18. Katarína Havierniková & Marcel Kordoš, 2019. "Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1680-1693, June.
    19. Fernando García & Jairo González-Bueno & Javier Oliver & Nicola Riley, 2019. "Selecting Socially Responsible Portfolios: A Fuzzy Multicriteria Approach," Sustainability, MDPI, vol. 11(9), pages 1-14, April.
    20. Zainizam Zakariya & Kristinn Hermanssons & Kho Yin Yin & Noor Fazlin Mohamed Noor, 2019. "Regional Economic Growth in Malaysia: Does Aggregate Overqualification Matter?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 139-156, December.

    More about this item

    Keywords

    assessment; ecological and economic security; forest resources; forestry;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:1784-1797. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Manuela Tvaronaviciene (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.