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Econometric modeling of the level of stakeholder interaction at construction enterprises

Authors: Mamonov, Konstantin; Gritskov, Evgeny; Velychko, Volodymyr; Zubarev, Dmytro;

Econometric modeling of the level of stakeholder interaction at construction enterprises

Abstract

The article presents the directions and results of econometric modeling of the level of interaction of stakeholders of construction enterprises. They are defined as natural and (or) legal entities or groups of persons interacting in the construction sector on the basis of strategic contours and social directions and are defined by functional, resultant, structural, process, strategic, complex features, the interaction of which has a certain level of risk and threat. That allows to form contractual relations in capital construction, to carry out architectural control, the corresponding calculations, which is provided by the design documentation, material and labor resources. To implement econometric modeling, a mathematical model of factors is constructed that characterizes the level of stakeholder engagement. A general indicator of the financial condition of construction enterprises is proposed, and a mathematical model for its determination is constructed.Within the framework of econometric modeling, criteria have been proposed that confirm the adequacy of the developed mathematical models. Interpreting the results of econometric modeling, the indirect influence of the level of formation and implementation of stakeholder interaction on the financial condition of construction enterprises is determined. This indicates that other factors influence the process and determines the need to increase the efficiency of stakeholder engagement in order to strengthen the financial condition of construction enterprises.The result of the study is the application of methods and models of econometric modeling and construction of the model of the influence of the integrated indicator of the level of stakeholder interaction of construction enterprises on the systemic factor of their financial condition. This created a quantitative basis for the application of directions and mechanisms for improving the effectiveness of stakeholder interaction in order to strengthen the financial condition of construction enterprises.

Keywords

UDC 334.021:658:69.009, будівельні підприємства; економетричне моделювання; стейкхолдери; рівень взаємодії зі стейкхолдерами, УДК 334.021:658:69.009, строительные предприятия; эконометрическое моделирование; стейкхолдеры; уровень взаимодействия со стейкхолдерами, construction enterprises; econometric modeling; stakeholders; level of stakeholder interaction

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    Top 10%
    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
6
Top 10%
Top 10%
Average
gold