Economic Efficiency of Foreign Economic Activities of the Kharkiv Cosmetics Cluster
Journal Title: Бізнес Інформ - Year 2014, Vol 11, Issue 0
Abstract
Constant changes in the situation on foreign and domestic markets, dynamic development of enterprises and volatility of business, all this substantiates relevant case studies on the efficiency of export-import operations (E-IO) against the background of current activities of domestic enterprises, particularly of those that take into account specifics of the individual sectors and clusters of economy of Ukraine. An important part of the article consists of a study of the status of export-import activities by groups of industrial companies of the Kharkiv regional cluster of perfumery-cosmetic complex. It is specified that analysis of the overall impact of the E-IO on economic performance of the enterprises, which belong to the cluster, allows to allocate the following determination factors: scale effect, tax regime, foreign exchange income or expenses, transaction costs, conditions of the export-import contracts. Export-import activity is investigated in the context of competitiveness and economic efficiency of enterprises. In the frame of the study, a comprehensive analysis of the financial state and production activity of the enterprises of perfumery-cosmetic complex of Kharkiv region was carried out. The enterprises of the complex were grouped in an appropriate regional cluster associated with the production of perfumery and cosmetics, pharmaceuticals and household chemicals. It was concluded that economy of regions, which is based on clustered groups, has advantages in productivity due to flexible specialization and better interaction with globalized markets.
Authors and Affiliations
Iana Kononenko
Keywords
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