2024 2(47) 15

Interaction of Capital Owners as a Dominant Factor of Efficiency of Economic Activity

Sierikov A. V. 
PhD in Physical and Mathematical Sciences, professor, Corresponding Member of AES of Ukraine  
ORCID https://orcid.org/0000-0002-0629-2716
e-mail: kha.serikov@gmail.com,
Kharkiv Socio-Economic Vocational College

Citation Format
Sierikov, A. V. (2024). Interaction of Capital Owners as a Dominant Factor of Efficiency of Economic Activity. Vіsnyk ekonomіchnoі nauky Ukraіny, 2 (47), рр. 116-121. DOІ: https://doi.org/10.37405/1729-7206.2024.2(47).116-121

Language
 Ukrainian

Resume
The article is devoted to the study of influence of interactions of owners of means of production with hired workers on the level of efficiency of this production. The expediency of such a study is caused by the need to take into account changes in views on hired personnel, who are actually the bearers of competences that ensure skilful solution of production problems, i.e. production success.  Under such conditions, subject-subject relations arise  between the owners of the means of production and hired personnel, i.e. the bearer and owner of human capital, accompanying interactions between equivalent owners of capital advanced to production. These interactions generate new capital, called value added by production, the  existence of which is recognised by the market. This makes it possible to analyse all production in the space of capital or in the socio-economic space. In view of this circumstance, we can speak of the space of capital and capitalisation rates, in which its physical, intellectual and social components (in monetary terms) can act as coordinates. In this view, the level of capitalisation of production is determined by the levels of capitalisation of means of production and human capital. The latter largely depend on the ambition of their owners, which is taken into account by the dynamic model of interaction of these owners in the form of a system of two nonlinear first-order differential equations. The analysis of the behaviour of this system has shown that the excessive ambition of the owners (carriers) of competences and means of production can significantly worsen the dynamics of the added value of this production. Summing up the results of the research, it can be stated that for the first time a sufficiently formalised (i.e. mathematical) study of the impact of the nature of interaction between employers and employees on the efficiency of economic activity was proposed and carried out. At the same time, the use of analysis of production processes of an  enterprise not in the physical, but in the socio-economic space was further developed.

Keywords
production efficiency, interaction of capital owners, mathematical model of interaction, system of nonlinear differential equations of the first order.

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Full Text (.pdf)

Received: 08.11.2024
Accepted: 10.12.2024
Published: 23.12.2024