Estimation of social significance of copper mining enterprises using the method of least squares

DOI

10.2991/mtde-19.2019.4How to use a DOI?

Keywords

copper industry enterprises, factor modeling, PLS-PM modeling, partial least squares, economic analysis, Uralelectromed OJSC, social significance, social responsibility

Abstract

The article discusses the theoretical and practical aspects of PLS-PM modeling the social significance of copper industry enterprises as an indicator reflecting the contribution of companies to the development of the territories of their production facilities and / or parent enterprises. The purpose of the research is to present the results of a study of the influence of factors characterizing the social significance of a business (using the example of Uralelectromed OJSC), by constructing an appropriate PLS-PM model. To achieve this purpose the authors briefly considered OJSC Uralelectromed as an object of study; built a PLS-PM model characterizing the influence of factors on the social significance of copper industry based on the study of the development indicators of Uralelectromed OJSC; graphically presented the PLS-PM model using the SmartPLS software package; interpreted the obtained data. As an informational basis for the PLS-PM modeling, were used the results of a special survey conducted by 25 economists. In order to increase the representativeness of the research, candidates and doctors of economics from the Accounting, Analysis and Audit Department of Ural Federal University, as well as employees of the economic services of NeoStrategy CJSC, Priority Finance Management Company, Medinvestkonsulting LLC and LLC Uralmedytorg took part in the survey. The construction of the PLS model of the social significance of copper industry enterprises allowed the authors to formulate a hypothesis about the possibility of using analytical data to formulate management procedures, by operating factors that have the greatest impact on the indicator of social significance.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - O.V. Bazhenov
AU  - A.D. Oykher
AU  - A.V. Ilyina
PY  - 2019/05
DA  - 2019/05
TI  - Estimation of social significance of copper mining enterprises using the method of least squares
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 16
EP  - 21
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.4
DO  - 10.2991/mtde-19.2019.4
ID  - Bazhenov2019/05
ER  -