Теоретичні та прикладні
питання економіки. Збірник наукових праць. Випуск 1/2 (40/41)
JEL Q120, Q150
DOI https://doi.org/10.17721/tppe.2020.41.5
Pimenova O., Associate Professor
Taras Shevchenko National University of Kyiv
ORCID ID: 0000-0002-5531-6155
Pimenov S., Graduate student
Taras Shevchenko National University of Kyiv
ORCID ID: 0000-0003-0764-9630
IMPROVING
THE EFFICIENCY OF BUSINESS MODEL OF AN ENTERPRISE THROUGH PREPARATION OF
INTEGRATED REPORTING
The necessity of formation of integrated
reporting by Ukrainian enterprises is investigated. The importance of business
presentation of information on the company's value creation, its effectiveness,
opportunities, risks it faces, and development prospects for investors and
other stakeholders in the form of integrated reporting is determined. It is
investigated that integrated reporting should provide stakeholders with
information on the long-term development of the enterprise in contrast to
financial reporting, which cannot provide such full information. That is the
main purpose of integrated reporting is to explain to financial capital
providers and other stakeholders how an enterprise creates and plans to create
the value in the future over a long period of time.
The purpose of the study is to substantiate the
need of taking into account the needs of stakeholders in the work of enterprise
and the disclosure of non-financial information in the form of integrated
reporting, which will increase the efficiency of the business model. The
methodological basis of the study is a set of general and special principles,
provisions and methods of scientific research, the use of which is determined
by the purpose and objectives, in particular, methods of generalization,
comparison, analysis and synthesis, methods of system and structural analysis,
diagnostic evaluation. In particular, in the process of research the methods of
generalization, analysis and synthesis were used in defining the concept of
integrated reporting and its individual elements; methods of system and
structural analysis in the study of the basic principles of integrated
reporting; method of comparison in the study of scientific approaches to the
formation of integrated reporting.
It is substantiated that by providing
information on value creation, in particular on the company's competitive
advantages, strategic assets, environmental, social and management indicators
(ESG), the company will gain an advantage over competitors, effectively implementing
its business model in the market and be able to achieve sustainable development
in the long run.
Keywords: integrated reporting, stakeholders, business model,
enterprise efficiency, competitive advantage, sustainable development.
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