Portny OV Management of economic development of the transport company on the basis of values. - Qualification of scientific work as a manuscript. The dissertation on competition of a scientific degree of the doctor of philosophy on a specialty 051 economy. - State University of Infrastructure and Technologies of the Ministry of Education and Science of Ukraine, Kyiv, 2021.
Thesis is devoted to the development of theoretical and methodological provisions and the provision of scientific and practical recommendations for value management of economic development of the transport enterprise. It is established that the general provisions of value management were laid down in the concept of value-based management, which was established in the 1980s and 1990s with the greatest interest observed in 2003-2006, and its enrichment continues. The need to distinguish between terms of cost and value for stakeholders is justified. The theoretical bases of formation and interrelation of concepts "values-based management" and "values-based thinking" are researched, developed and improved. The basic models of economic development are generalized and the classification of theories of firms is expanded. Modern firm theories are presented as a set of models and approaches grouped into fundamental and applied theories. Value-based management refers to applied theories, which are generally presented as an environment for testing general theoretical positions and tools of fundamental theories of economic development of the company. It is emphasized that the specific content of value-oriented management of economic development of the company is that such a business philosophy focuses on the methodology of increasing the value of business for stakeholders. It is determined that the economic development of modern transport companies is influenced by the formation of a two-speed world, urbanization, sustainability, congestion and lack of infrastructure, the spread of e-commerce, accelerating digitalization and digital transformation, pandemic constraints. Mega-trends will determine the economic development of transport systems in the long run, but they will have different effects on specific transport and logistics segments. The methodical approaches of value management of economic development of the transport company are expanded. For further research on the effectiveness of value management of transport companies, it is proposed to use indicators such as profitability, EBITDA, EBITDA margin, current liquidity ratio, working capital turnover, financial stability, economic value added using comparison techniques and adapted risk assessment matrix. . It is established that in the transport and logistics sector the main market segments of value creation are the segments of freight and logistics, aerospace and defense, segments of taxi and vehicle rental services, high-speed passenger trunk transport and air passenger transport. It is proved that in Ukraine the return on invested capital does not belong to the indicative criteria, as there is a practice of underestimation of invested capital, in particular due to the insufficient level of stock market development. Revenue growth in warehousing and ancillary activities is twice as high as in the segments of land and pipeline transport. The average gross profit of companies in the warehousing and ancillary segments is eight times higher than in the companies of land and pipeline transport; asset turnover is four times higher, which indicates a higher capital intensity of the transport segment.
It is revealed that the key conditions for creating and increasing a value of companies in the transport and logistics sector of the economy are focusing on increasing the return on investment and return on invested capital; making powerful strategic decisions and implementing large-scale investment projects; development and implementation of strategies with maximum consideration of megatrends of economic development. The main imperatives for creating and increasing value of transport companies are specified as: flexibility in resource allocation, balanced asset financing, digital transformation, use of mergers, acquisitions and cooperation, VUCA management. The necessity of integration of ecological, social and corporate indicators into the mechanism of value-based management for economic development of transport companies is substantiated. The methodical provisions for optimal selection of direction of economic development of a transport company are improved. The developed toolkit of value based management involves the construction of optimistic, predictable, adaptive scenarios based on general economic and specific factors that determine the specificities of economic activity and the relationship of financial and non-financial performance in the system of value-based management of transport companies.
