Sustainable Development Prediction of Start-ups in Ukraine
Abstract
The purpose of the article is to confirm the success of start-ups in Ukraine, which will be achieved through a trend analysis of the integral indicator of the success of start-ups in Ukraine using polynomial forecasting of the 4th degree. The research methodology is based on the analysis and collection of data on indicators of the effective existence of the macro and microenvironment in Ukraine, an index analysis of the most significant indicators characterizing the prospects and efficiency of start-ups, trend analysis. Empirical data allowed to formulate a hypothesis: that there is a theoretical and methodological ability of the integral indicator of the success of start-ups in Ukraine to ensure the relevant trends in their sustainable development. The specific features and stages of development of start-ups were analyzed in the article. The study notes recommendations for creating an effective start-up and its financing. The procedures for collecting, analyzing, and processing information made it possible to build a trend line and forecast an integrated indicator of sustainable development of start-up success in Ukraine.
References
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[2] Blank, S. and Dorf, B. 2013. Start-up: Founder’s Handbook; Trans. from English. Moskow, Alpina Publisher.
[3] Boni, A. and Gunn, M. 2021. Building and Leveraging the Innovation Ecosystem and Clusters: Universities, Start-ups, Accelerators, Alliances, and Partnerships. Journal of Commercial Biotechnology, 26(1): 13–20, DOI: https://doi.org/10.5912/jcb963
[4] Charoontham, K. and Amornpetchkul, T. 2021. Reputational impact on start-up accelerator’s information disclosure and performance. Economics of Innovation and New Technology, DOI:https://doi.org/10.1080/10438599.2021.1910030.
[5] Cherniavska, O., Hnypa-Chernevetska, L., and Zhijun, W. 2017. Startup as the subject of an investment process: the nature and the life cycle. Investments: practice and experience, 5(84): 119–128. Available at: http://journal.puet.edu.ua/files/journals/1/articles/1668/public/1668-2550-1-PB.pdf.
[6] Giraudo, E., Giudici, G., and Grilli, L. 2019. Entrepreneurship policy and the financing of young innovative companies: evidence from the Italian Start-up Act. Research Policy, 48(9): 103801. DOI:https://doi.org/10.1016/j.respol.2019.05.010
[7] Hrytsak, O. S. and Klym, N. M. 2019. Start-up as a type of innovative business: accounting dimension of the conceptual apparatus. Scientific Bulletin of Uzhgorod University. Series: Economy, 2(54): 110–115. DOI:https://doi.org/10.24144/2409-6857.2019.2(54).110-115
[8] Knoema (n.d.). Professional tools for data discovery and management. Available at: https://knoema.com
[9] Kofanov, O. E. 2017. Analysis of scientific and practical approaches to determining the economic essence of start-up projects. Scientific Bulletin of PUET: Economic Sciences, 3: 45–53. Available at: http://journal.puet.edu.ua/index.php/nven/article/view/1286/1121
[10] Kornuk, O. and Mahanko, L. 2014. Startup as a progressive form of innovation entrepreneurship. Investytsiyi: praktyka ta dosvid, 23: 26–30. Available at: http://nbuv.gov.ua/UJRN/ipd_2014_23_8
[11] Kucher, L., et al. 2021. Development of entrepreneurial initiatives in agricultural business: a methodological approach. European Journal of Sustainable Development, 10(2): 321. DOI:https://doi.org/10.14207/ejsd.2021.v10n2p321
[12] Pan, F. and Yang, B. 2019. Financial development and the geographies of start-up cities: evidence from China. Small Business Economics, 52(3): 743–758. DOI: https://doi.org/10.1007/s11187-017-9983-2
[13] Partyn, H. O., et al. 2020. Natural Capital: Essence, Types and Evaluation Procedure. International Journal of Economics and Business Administration, VIII(3): 202–214. DOI: https://doi.org/10.35808/ijeba/496
[14] Putra, R. P., Syah, T. Y. R., Pusaka, S., and Indradewa, R. 2019. Human resources implementation using the McKinsey 7S method for a business start-up: duck nugget frozen food. Journal of Multidisciplinary Academic, 3(3): 11–14. Available at: https://www.kemalapublisher.com/index.php/JoMA/article/view/366/358
[15] Ries, E. 2011. The Lean Start-up: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. New York, Crown Business. DOI: https://doi.org/10.1111/j.1540-5885.2012.00920_2.x
[16] Rohmani, A., Gamayanto, I. and Sukamto, T. 2021. Developing the 7 Stages of Start-up (The Maturity Level of Start-up): The Concepts of Start-up Development Methodology. International Journal of Information System & Technology, 5(1): 45–59. DOI: https://doi.org/10.30645/ijistech.v5i1.114
[17] Sokil, O., et al. 2020. The impact of accounting and analytical support of social and environmental costs on enterprises’ sustainable development. Economic Annals-XXI, 181(1–2): 124–136. DOI:https://doi.org/10.21003/ea.V181-11
[18] Srijna, G. 2022. Importance of financial structure for start-ups. Importance of financial structure for start-ups, 11: 152–156. DOI: https://doi.org/10.48047/IJIEMR/V11/I02/20.
[19] Sullivan, D. M., Marvel, M. R., and Wolfe, M. T. 2021. With a little help from my friends? How learning activities and network ties impact performance for high tech start-ups in incubators. Technovation, 101, 102209. DOI: https://doi.org/10.1016/j.technovation.2020.102209
[20] Sumets, A., et al. 2022. Methodological toolkit for assessing the level of stability of agricultural enterprises. Agricultural and Resource Economics, 8(1): 235–255. DOI: https://doi.org/10.51599/are.2022.08.01.12
[21] Szarek, J., and Piecuch, J. 2018. The importance of start-ups for the construction of innovative economies. International Entrepreneurship Review, 4(2): 69–78. DOI: https://doi.org/10.15678/PM.2018.0402.05
[22] Tech, R. P. 2018. Financing High-Tech Start-ups. Springer, Cham. DOI: https://doi.org/10.1007/978-3-319-66155-1
[23] Tripathi, N., et al. 2019. Insights into start-up ecosystems through exploration of multi-vocal literature. Information and Software Technology, 105: 56–77. DOI: https://doi.org/10.1016/j.infsof.2018.08.005
[24] Zbanatsky, D. V. 2013. Start-ups: legal and practical aspects. Introductory part. Independent auditor, 3(14). Available at: http://nauditor.com.ua/uk/component/na_archive/155?view=material.
Published
2022-12-02
How to Cite
SOKIL, Oleh et al.
Sustainable Development Prediction of Start-ups in Ukraine.
Journal of Environmental Management and Tourism, [S.l.], v. 13, n. 7, p. 1901 - 1910, dec. 2022.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/7395>. Date accessed: 24 apr. 2024.
doi: https://doi.org/10.14505/jemt.v13.7(63).10.
Section
Article
Copyright© 2023 The Author(s). Published by ASERS Publishing 2023. This is an open access article distributed under the terms of CC-BY 4.0 license.