Public Administration and Law Review

Impact of Psychological Factors on Investment Behaviour: An Emprical Study

2026-04-10T03:50:49+03:00

Investment behaviour has traditionally been explained through rational financial theories, yet real-world decisions are often influenced by psychological and emotional factors. Behavioural finance has therefore emerged as an important framework for understanding how investors deviate from rationality under the influence of biases, emotions, and social pressures. This study aims to examine the impact of psychological factors on investment behaviour and to analyse how cognitive and emotional biases, together with demographic characteristics, shape investors’ financial decision-making. The study adopts a quantitative approach based on both descriptive and analytical research designs. Primary data were collected from 200 individual investors through a structured questionnaire using a five-point Likert scale. The instrument included demographic variables and items related to cognitive biases, emotional biases, and investment behaviour. The data were analysed using descriptive statistical tools, particularly mean and standard deviation, while secondary data from books, journals, and academic databases were used to support the theoretical framework. The findings confirm that psychological factors significantly influence investment behaviour. Biases such as overconfidence, herd behaviour, loss aversion, anchoring, fear, and greed were found to affect decision-making and cause deviations from rational analysis. The results also indicate that emotional biases strongly shape buying and selling behaviour, while demographic factors such as age, income, education, and experience moderate the impact of psychological influences. The study concludes that investment behaviour is not purely rational but is significantly shaped by psychological and demographic determinants. Understanding these influences is essential for improving investor decision-making. Future studies may use larger regional samples, advanced statistical techniques, and comparative analysis across investor categories to examine behavioural finance dynamics more comprehensively.

Psychological Resilience as a Determinant of Economic Stability: Evidence from Military Conflicts and Technological Disasters

2026-04-10T03:51:40+03:00

In conditions of military conflicts and technological disasters, economic instability is determined not only by material losses but also by the psychological condition of the population. Psychological resilience affects labor participation, household adaptation, institutional trust, migration behavior, and the pace of socioeconomic recovery. Therefore, resilience should be considered an important determinant of economic stability rather than only a psychosocial characteristic. The article aims to examine psychological resilience as a determinant of economic stability and to identify the mechanisms through which resilience influences economic functioning in the context of military conflicts and technological disasters. The study is based on an interdisciplinary analytical approach combining comparative analysis, synthesis of international institutional reports, interpretation of survey data, and case-study examination. The empirical basis includes evidence from Ukraine as a case of large-scale military conflict, as well as the Chernobyl and Fukushima disasters as examples of long-term technological crises. The study demonstrates that psychological resilience influences economic stability through several channels, including labor-market continuity, household decision-making, institutional trust, social cohesion, and recovery capacity. The results show that war and disaster generate long-lasting economic losses not only through physical destruction but also through trauma, fear, stigma, uncertainty, and displacement. Survey data also indicate that resilience can preserve future orientation, adaptive behavior, and willingness to remain economically active even under prolonged crisis conditions. Psychological resilience functions as a productive social asset and should be integrated into post-crisis economic policy, labor-market recovery, and public governance strategies. Future studies should focus on quantitative assessment of the relationship between resilience and macroeconomic recovery, sectoral resilience differences, and the effectiveness of psychosocial support programs in post-crisis reconstruction.

Information and Analytical Support for Police Negotiations: Digital Tools, Risk Assessment, and De-escalation in Crisis Incidents

2026-03-26T23:53:01+02:00

Police negotiations in crisis incidents increasingly depend not only on interpersonal communication but also on the quality of information and analytical support available to negotiators and incident commanders. The relevance of this topic is determined by the growing complexity of crisis events, the expansion of digital communication channels, the influence of social media, and the need to minimize the use of force through timely de-escalation. The aim of the study is to systematize the components of information and analytical support for police negotiations and to develop an integrated model that connects digital tools, risk assessment, and de-escalation practices in crisis incidents. The study relies on a theoretical basis that combines communication-centered negotiation theory, crisis-management logic, and contemporary approaches to digital support in policing and training. The methodology includes qualitative content analysis, comparative analysis, and synthesis of academic studies, police guidance documents, and official training materials of European law-enforcement institutions. The results of the study show that information and analytical support in police negotiations can be structured around five interrelated elements: digital communication tools, operational data collection, risk assessment, coordinated decision support, and reflective post-incident analysis. The article demonstrates that properly integrated digital and analytical tools can enhance situational awareness, improve communication strategies, support proportional decision-making, and strengthen de-escalation capacity in crisis incidents. The practical value of the study lies in the proposed framework, tables, and conceptual model, which may be used in police training, crisis negotiation protocols, and curriculum design.

International Standards of Aviation Transport Safety: Regulatory Foundations, Institutional Mechanisms, and Contemporary Challenges

2026-04-06T23:05:21+03:00

International aviation transport safety standards constitute a comprehensive and multi-level system of norms, procedures, institutional mechanisms, and operational practices aimed at ensuring the safe functioning of civil aviation at the global, regional, and national levels. The relevance of this topic is обусловed by the growing role of air transport in the global economy, intensifying cross-border mobility, the increasing complexity of the security environment, and the emergence of new technological, cyber, and hybrid threats to aviation infrastructure. The purpose of this study is to systematize international aviation transport safety standards, identify the role of key international organizations in shaping the safety architecture of civil aviation, and determine the main contemporary challenges to their implementation. The methodology is based on systemic, comparative, institutional, and regulatory-legal approaches, which made it possible to examine aviation safety as an integrated and dynamic governance system. The study shows that international aviation transport safety standards form a multi-level regulatory framework in which global ICAO norms, regional mechanisms, industry standards, and national implementation instruments interact. It is established that the effectiveness of this system depends on the integration of flight safety, aviation security, oversight, occurrence investigation, and safety management procedures. The most important factors strengthening this framework are a risk-oriented approach, safety culture, digital monitoring, information exchange, and institutional coordination. The practical significance of the study lies in the development of a generalized model of international aviation transport safety provision that can be used to improve national civil aviation policy, strengthen state oversight systems, and adapt aviation governance to contemporary global challenges.

The Mediating Effect of Artificial Intelligence in Recruitment and Talent Management Practices on Organizational Performance

2026-04-10T02:53:56+03:00

Artificial intelligence has become a significant driver of change in human resource management, particularly in recruitment and talent management. AI-based tools are increasingly used for resume screening, candidate matching, personalized training, performance analytics, and retention management. Consequently, AI is viewed not only as a technological innovation but also as a strategic resource that can strengthen organizational effectiveness. This study examines how AI-driven recruitment and talent management practices influence organizational performance and identifies the mediating mechanisms through which this influence occurs. Special attention is given to employee engagement and perceived job security as key explanatory variables. The study is based on a secondary analytical approach using recent empirical studies, conceptual papers, and industry reports published mainly in 2024 and 2025. The analysis integrates insights from social capital theory, the resource-based view, and information processing theory. The findings show that AI-enabled recruitment and talent management positively affect organizational performance both directly and indirectly. Recruitment, performance management, and training initiatives demonstrate positive effects, while employee engagement emerges as a significant mediator. Perceived job security also plays an important mediating role. Organizations that implement advanced AI-driven talent systems report improvements in time-to-hire, cost-per-hire, retention, employee satisfaction, and overall performance. The results suggest that AI creates organizational value not only through efficiency gains but also through its influence on employee perceptions and workplace experience. Future research should apply longitudinal approaches and examine industry-specific and ethical dimensions of AI implementation in HRM.

Implementation of the Balanced Scorecard in Integrated Corporate Governance: A Comparative Analysis of Global Trends and National Practices

2026-03-26T23:51:46+02:00

The article examines the specific features of implementing the Balanced Scorecard (BSC) system within the framework of integrated corporate governance of state-owned enterprises and public organizations. The relevance of the topic is determined by the need to improve efficiency, transparency, accountability, and strategic orientation in the public sector under conditions of digital transformation, global competition, and institutional reforms. The paper generalizes theoretical approaches to the use of BSC as a strategic management tool that combines financial and non-financial indicators and ensures the alignment of strategic goals at both corporate and operational levels. The purpose of the study is to assess the compliance of BSC implementation in the system of integrated corporate governance of state-owned enterprises and public organizations with international corporate governance standards and to develop recommendations for adapting this tool to Ukrainian realities. The research methodology is based on a comprehensive comparative analysis of international practices, OECD and World Bank reports, and academic sources using the framework “criterion, processes, areas, enterprises.” The article substantiates a two-level model of BSC implementation, which provides for cascading strategic goals and indicators from the corporate to the operational level. A comparative analysis of BSC application in EU countries, OECD countries, and Ukraine is conducted, and the key differences in institutional models, the level of transparency, managerial autonomy, and strategic control of state-owned enterprises are identified. The study proves that in developed countries BSC is integrated into systems of strategic planning, performance management, and accountability, whereas in Ukraine its use remains fragmented and is mainly implemented through pilot projects. The practical significance of the study lies in the development of recommendations for creating national BSC standards for state-owned enterprises, strengthening the role of independent supervisory boards, digitalizing KPI monitoring, and introducing regular strategic reporting.

The Role of the Czech Republic in Redefining Central European Identity within the European Union

2026-04-10T03:15:10+03:00

The post-Cold War transformation of Europe reactivated debates on the identity, political position, and historical belonging of Central European states within the broader European project. In this context, the Czech Republic emerged as an important actor in the reinterpretation of Central Europe, challenging its reduction to the category of Eastern Europe and promoting a more differentiated understanding of regional belonging within the European Union. The purpose of the study is to analyze how the Czech Republic has contributed to redefining Central European identity within the European Union and to determine the political, institutional, and discursive mechanisms through which this process has taken place. The study is based on a qualitative research design grounded in constructivist theory. The methodological approach combines documentary analysis and qualitative discourse analysis. The empirical basis includes official European Union documents, Czech foreign policy texts, strategic statements, and speeches by political elites. Analytical attention is focused on discursive identity construction, regional cooperation practices, the role of historical memory, and the interaction between national sovereignty and European integration. The findings demonstrate that the Czech Republic has played a multidimensional role in redefining Central European identity. First, Czech political discourse has emphasized the historical and cultural proximity of Central Europe to Western Europe, thereby resisting the homogenizing label of Eastern Europe. Second, the Czech Republic has promoted a complementary model of identity in which national, regional, and European affiliations coexist rather than compete. Third, within regional frameworks such as the Visegrad Group, the Czech Republic has often acted as a mediator, balancing regional interests with constructive engagement in EU institutions. The study also shows that historical memory, normative socialization, and debates on sovereignty have significantly shaped this identity reconfiguration. The Czech Republic has contributed to the emergence of a flexible, pluralistic, and institutionally embedded model of Central European identity within the European Union. Its role illustrates that regional identity in Europe is not fixed but continuously negotiated through discourse, institutional participation, and historical reinterpretation. Future studies may compare the Czech Republic with other Central European states in order to identify alternative models of regional identity construction and assess their implications for differentiated European integration.

Government Agencies that are Changing the World: Corporate Strategies for Environmental Security

2026-03-27T15:31:08+02:00

The article examines the role of public administration in shaping corporate environmental security strategies under conditions of global environmental transformation. The study proceeds from the assumption that environmental security should be understood not only as an object of state regulation or corporate compliance, but as a systemic sphere of interaction among public institutions, business, financial actors, and society. The purpose of the article is to develop an integrated understanding of how public administration influences the formation and implementation of corporate environmental security strategies through regulatory, economic, and motivational instruments. The research is based on a qualitative and analytical methodology that combines literature review, problem-oriented analysis, comparative assessment of international practices, and conceptual synthesis. The study identifies the key barriers that hinder the ecological transformation of business, including weak alignment between state environmental priorities and corporate strategies, insufficient incentives for green innovation, fragmented regulation, limited access to green financing, and disparities in environmental standards across countries. It is substantiated that the most effective environmental governance systems are those that combine legal requirements, financial support, and reputational incentives within a coherent institutional framework. The comparative analysis shows that the European Union represents a regulator-oriented model, the United States reflects a market-oriented model, and selected Asian countries demonstrate hybrid approaches to environmental governance. The article concludes that public administration plays a decisive role in creating the institutional conditions under which environmental priorities become strategically relevant for business. It is argued that public administration and corporate environmental security strategies should be interpreted as elements of a single environmental transformation mechanism. The practical significance of the study lies in substantiating the need for integrated governance approaches, especially for countries undergoing structural transformation and post-crisis recovery.

Assessing Reputational Risk in Commercial Banks: A Bayesian and Fuzzy Approach with Evidence from Indonesia

2026-03-27T15:31:58+02:00

In the context of growing financial uncertainty, effective risk management has become essential for sustaining stability and public confidence in the banking sector. Among different types of risks, reputational risk is particularly important because it can influence customer trust, stakeholder confidence, and the overall financial performance of commercial banks. In emerging economies such as Indonesia, where the banking sector plays a central role in economic development, the assessment and management of reputational risk require more comprehensive and context-specific analytical approaches. The aim of this study is to develop an integrated framework to assess reputational risk in Indonesian commercial banks under the regulatory environment shaped by Basel II and Basel III. The proposed approach combines Bayesian Networks, fuzzy data analysis, and Monte Carlo simulation to estimate the probability and potential impact of reputation-related losses. To improve data treatment and standardization, the study applies the Hamming distance method, while an Ordered Weighted Averaging (OWA) operator is used to aggregate multiple risk indicators within a hierarchical structure. The model incorporates several key financial and operational factors, including return on equity, goodwill value, risk asset ratio, productive assets, funding ratio, and credit risk exposure. The findings suggest that the proposed framework provides a useful tool for identifying, measuring, and managing reputational risk in commercial banks. The study offers practical implications for bank managers and policymakers seeking to strengthen decision-making processes and enhance the effectiveness of risk management systems in Indonesia’s banking industry. The study confirms the usefulness of an integrated Bayesian and fuzzy approach for reputational risk assessment in banking. Further research may extend this framework by applying it to other countries, comparing banking systems, and incorporating additional indicators of reputational vulnerability.

A Strategic and Institutional Evaluation on the Precursors of Green and Digital Transformation: The Twin Transition

2026-04-10T03:32:43+03:00

In contemporary institutional and corporate environments, green and digital transformation are increasingly addressed as interconnected rather than separate processes. This twin transition reflects a strategic effort to align technological development with environmental sustainability and to integrate digital infrastructure with low-carbon and circular economy objectives. The growing importance of this process is associated with the need to improve eco-efficiency, productivity, operational flexibility, and long-term competitiveness. This study aims to provide an in-depth perspective on the multidimensional determinants of green and digital transformation by systematically evaluating the strategic and institutional precursors of the twin transition. It specifically seeks to identify the organizational, managerial, cultural, and technological conditions that enable institutions to align digital strategies with environmental goals and generate sustainable outcomes. The study adopts a conceptual and evaluative research design based on a systematic analysis of the current literature and empirical findings related to green transformation, digital transformation, and the twin transition. The analysis is interpretive and integrative, focusing on such determinants as digital leadership, organizational capability, strategic agility, corporate culture, employee well-being, technological synergy, and governance mechanisms. The findings indicate that the twin transition should be understood as an integrated ecosystem. Strategic convergence between digitalization and green management improves eco-efficiency, total factor productivity, and operational performance while supporting carbon reduction and circular economy practices. The results also show that digital leadership, organizational capability, and corporate culture constitute the three core pillars of successful transformation. In contrast, managerial myopia, weak institutional readiness, and unbalanced digitalization may limit the environmental effectiveness of digital investments. Successful twin transition requires strategic alignment, visionary leadership, institutional flexibility, human-centered management, and governance consistency. Digital transformation generates sustainable value only when it is embedded in environmental goals and supported by a coherent organizational system. Future studies may expand the empirical basis of twin transition by testing this framework across sectors and countries, as well as by examining the long-term effects of digital governance, workforce adaptation, and green innovation performance.

Impact of Legal Convergence Processes on the Innovation of Procedural Law of Ukraine

2026-04-10T03:45:42+03:00

Legal convergence has become one of the most influential instruments of legal globalization, especially in the sphere of procedural law, which directly determines the quality of judicial protection and the practical implementation of the right to a fair trial. For Ukraine, the modernization of procedural law is closely linked to European integration, the reception of supranational justice standards, and the adaptation of national judicial mechanisms to contemporary social, technological, and institutional challenges. Against this background, the article examines procedural law not as a static body of rules, but as a dynamic legal system shaped by the interaction of national traditions and transnational legal influences. The study aims to identify the main vector of improvement of procedural law in Ukraine under the influence of legal convergence as a method of legal globalization. The research is based on a combination of dialectical, historical-legal, systemic, comparative-legal, hermeneutic, critical-legal, modeling, forecasting, and synergistic methods. This methodological framework made it possible to examine the evolution of procedural law, compare national and supranational regulators, interpret doctrinal and normative sources, and formulate proposals for further innovation in procedural legislation. The study demonstrates that the development of procedural law in Ukraine is increasingly determined by Article 6 of the European Convention on Human Rights, the case law of the ECtHR, and the rule of law as a mega-principle. The key areas of innovation include expanded access to justice, recognition of legal doctrine and case law as influential sources of procedural law, contractualization of procedural legal relations, differentiation of judicial procedures, digitalization of court proceedings through e-justice, optimization of procedural forms, and broader use of alternative dispute resolution mechanisms. Together, these trends reflect the transition of Ukrainian procedural law toward a more flexible, human-centered, and functionally efficient model of justice. Legal convergence acts as a transformative factor in the innovation of Ukrainian procedural law. It promotes harmonization with European legal standards while preserving the national doctrinal and institutional foundations of the legal system. Further studies should focus on the limits of judicial lawmaking, the practical implementation of digital justice, the effectiveness of procedural agreements, and the balance between procedural pluralism and legal certainty in the context of continued judicial reform in Ukraine.