Introduction. Financial literacy has been recognized worldwide as a significant element of stability and economic and financial growth. With the evolution of financial instruments, the growing importance of financial inclusion, its correlation with financial literacy, and the effects they have on sustainability, the concept of financial literacy is dramatically changing and getting more inclusive, spreading the focus on sustainability, sustainable consumption, and environmental preservation. Aim and tasks. The aim of the study is to examine the connection between the population's financial literacy level and greenhouse gas emissions. The working hypothesis claims that there is a relationship between financial literacy and the carbon footprint. Results. The correlation and regression analyses were the main tools in the study, while the dataset for 2014 covered 137 countries, with the main dependent variables being carbon emissions per capita, per unit of gross domestic product, and per unit of energy. The partial correlation coefficients between financial literacy rating and carbon footprint variables were insignificant when controlled for economic development, represented by per capita gross domestic product. Estimated econometric models with financial literacy in quadratic form were adequate and showed a significant connection between financial literacy and carbon emissions per capita and per gross domestic product at the 5% level. The relationship with carbon emissions per unit of energy was significant at the 10% level. In all three models, the relationships followed an inverse U-shape, with low financial literacy increasing the carbon footprint and higher financial literacy decreasing it. The turning numbers for financial literacy were 35.8% for carbon emissions per capita, 41.4% for emissions per unit of gross domestic product, and 32.4% for emissions per unit of energy. Conclusions. Financial literacy was indeed associated with carbon emissions in a complex, non-linear way. The effect of energy consumption on carbon emissions was stronger than financial literacy and appeared to be the driving force for the increase in carbon emissions. With low financial literacy observed in underdeveloped countries, the situation was not favorable for the environment. As financial literacy increased, welfare, income, and consumption increased too, leading to an increase in greenhouse gas emissions, i.e., a bigger CO2 footprint. Once a certain stage of economic development was reached, the relationship was reversed, i.e., in developed countries, financial literacy worked towards reducing the carbon footprint and protecting the environment.

Open Access journals system - publish science journals Read the full article from Access Journal - ESG rating of capital's effect on firms' financing sources: a case study of Asian companies | Access Journal

Introduction. The active adoption of digital tools is crucial for improving agricultural efficiency, which is fundamental to ensuring food security. The digitalisation of agricultural production is a key component of the measures for transitioning to a digital economy. Aim and tasks. This study aims to assess the relationship between the net profit of agricultural enterprises and the number of digital products used. It also seeks to identify the factors influencing the efficiency of agricultural production. Results. This study examines at several key factors of agricultural production. First, it considers at the share of the labour force involved in agricultural production, which has declined by 17.2% globally, 7% in the EU, and 5.2% in Ukraine. Secondly, it analyses changes in the number of workers required to produce 1% of value added from 1991 to 2023, showing a decline of 3% globally, 1.5% in the EU and an increase of 0.5% in Ukraine. Thirdly, the study assesses the level of digital skills among workers in the agricultural sector. In the EU, this level did not exceed 0.5% from 2016 to 2024, while Ukraine data is unavailable. Finally, the study includes case studies of two Ukrainian companies engaged in developing and implementing digital tools for agricultural production. The findings regarding the dependence of net profit and the number of digital instruments used revealed relatively high correlation coefficients: 0.776 for a group of 41 AGRIChain clients and 0.902 for a group of 34 Kernel Digital clients. The resulting models of net profit dependence on the number of digital instruments used (with slope coefficients of 365.9 for AGRIChain and 13.13 for Kernel Digital) indicate the potential for further refinement. Conclusions. The establishment of a digital support system for agricultural production involves significant changes in employee competencies, a decrease in the total number of employees, and a reduction in the share of employees involved in agricultural production. Ukraine is characterised by an increase in the number of workers employed in agricultural production per 1% of added value, which is explained by structural changes in the industry. This study proposes adding metrics to statistical reporting to capture the number of digital technologies used in the production process and the number of employees skilled in using these technologies.

Open Access journals system - publish science journals Read the full article from Access Journal - Financial aspects of socio-economic rejection in Ukraine in conditions of economic turbulence | Access Journal

Objective: The purpose of this development is to present the opportunities provided by festivals as organized events for the sustainable development of tourism regions. Theoretical Framework: The article focuses on several key concepts. First, it examines the role of festivals as organized events in promoting tourism. Secondly, it is based on the sustainability principles, balancing environmental, economic and socio-cultural factors. Lastly, it considers event tourism as a significant driver for local development. Method: An empirical research which includes an analysis of published materials and documents that study organized events and festivals in particular as part of cultural and historical tourism was conducted. Results and Discussion: Festivals significantly contribute to the sustainable development of tourism regions by enhancing local cultural identity and attracting tourists. The successful organization of festivals can strengthen the image of a region, promoting long-term benefits for both the tourism industry and local communities. Research Implications: Festivals can serve as strategic tools for sustainable tourism development by fostering regional cultural identity and attracting tourists. Policymakers and tourism managers should prioritize festival planning and management as a means to enhance the economic, social and cultural sustainability of tourism regions. Originality/Value: The originality of the article lies in its focus on festivals as a unique catalyst for the sustainable development of tourism regions, highlighting their multifaceted impact on local economies, culture, and social cohesion. This study provides valuable insights into how well-managed festivals can enhance the long-term sustainability of tourism destinations, offering practical guidance for policymakers and event organizers.

The study determines that in current conditions, innovation is a crucial tool in the competitive struggle that ensures stable and long-term development of the agro-industrial complex. Innovative organizations play a leading role in achieving the goals of the Green Deal. The study aims to establish the relationship between entrepreneurship and innovation in the agro-industrial complex and to substantiate the region's main vectors of sustainable development. Based on a sociological survey, the article monitors the entrepreneurial environment in rural areas of the Poltava region. The findings reveal that 24.4% of rural residents are inclined towards entrepreneurial activities in the agricultural sector (where rural residents would like to start their own business), 20.7% in trade, 14.3% in services, and 5.7% in the restaurant business. Forming a favourable business environment, including institutional, informational, scientific and educational components of infrastructure support, will facilitate the adaptation of business entities to organizational, economic and institutional changes.