Journal of Business and Innovation (Бизнес & Инноваци)

TRADE AND SUSTAINABLE DEVELOPMENT IN LLDCS: A CASE OF MONGOLIA

Nomintsesteg Ulzii-Ochir, Bolor Bat-Erdene — Wed, 27 May 2026 00:00:00 +0800

International trade and sustainable development in landlocked developing countries are interdependent, and barriers to cross-border trade can be a major obstacle to sustainable development. High transportation costs and limited market access due to geographical location prevent landlocked developing countries from keeping up with the global market. In Mongolia, 93.2% of exports are mining
commodities, the majority of which are exported to neighboring China, which makes the Mongolian economy dependent on a single country and source, which poses the potential risks. The study examined the impact of tariffs and non-tariff measures on trade and unemployment in landlocked developing countries such as Mongolia, Ethiopia, Malawi, Zambia, Mali, Burkina Faso, and Botswana, and landlocked developed countries such as Switzerland and Liechtenstein, based on quantitative evidence.

ASSESSING THE FINANCIAL SECTOR’S ROLE IN THE ECONOMY THROUGH INPUT–OUTPUT MULTIPLIERS

Enkh-Amgalan Byambajav — Wed, 27 May 2026 00:00:00 +0800

The financial sector has become an increasingly influential component of national economic performance, with its impact expanding steadily over time. Quantifying this influence is essential for policymakers, as it enables them to incorporate the systemic importance of the financial sector into evidence-based decision-making.
Comparative analysis of sectoral contributions shows that, following mining, transportation, and trade, the financial sector has grown rapidly and is expected to remain a major driver of economic activity in the future. Against this backdrop, the present study focuses on the financial sector and applies Input–Output table multiplier analysis to assess its effects. The research draws on the Input–Output table published by the National Statistics Committee in 2019, supplemented by calculations provided by the Asian Development Bank up to 2022.

A SYSTEMATIC REVIEW OF IFRS SUSTAINABILITY STANDARDS

Wed, 27 May 2026 00:00:00 +0800

The establishment of the International Sustainability Standards Board (ISSB) by the IFRS Foundation represents a significant milestone in the global standardization of sustainability-related financial disclosures. Through the adoption of IFRS Sustainability Disclosure Standards S1 and S2, the ISSB has initiated efforts to support consistent and comparable sustainability reporting across jurisdictions. This study presents a systematic review of scholarly literature, focusing on stakeholder responses, debates surrounding materiality, implementation challenges, and emerging trends related to IFRS S1 and S2. The findings reveal that while the ISSB’s investor-
oriented approach enhances comparability and decision-usefulness for capital market participants, its narrow focus on financial materiality may limit the standards’ effectiveness in addressing broader environmental and social objectives.

DATA DRIVEN DECISION-MAKING AND PROJECT PERFORMANCE: AN EMPIRICAL STUDY

Tserendulam Shurenchuluun, Bolor Amarsanaa, Chimgee Dari — Wed, 27 May 2026 00:00:00 +0800

Ensuring project success and sustainability has become one of the key challenges facing managers today. By effectively utilizing data analytics, organizations can optimize resource allocation, manage project flows more efficiently, reduce risks, and make evidence-based decisions. The implementation of Data-Driven Decision-Making (DDDM) enables managers to make higher-quality, real-time, and adaptive decisions that are grounded in accurate information. This approach not only enhances project performance, efficiency, and effectiveness but also strengthens organizational competitiveness and contributes to long-term sustainable value creation.
The purpose of this study is to identify the key factors influencing the successful implementation of data-driven decision-making in project management and to examine the interrelationships among these factors.

VALUATION METHODOLOGIES UPGRADE BY TOWARD SUSTAINABLE MINING

Khurelbaatar Batjargal, Nyamaa Dulamsuren, Ser-Od Bayaraa — Wed, 27 May 2026 00:00:00 +0800

The valuation methodologies for mining assets need to be improved in line with the current requirements of responsible mining, sustainable mining, and environmental and social governance. The commonly used discounted cash flow method for the valuation of mining assets and its improved Real Options method, Monte Carlo simulation analysis, have a significant impact on the factors that affect the stability of investments, and the benefits to stakeholders from obtaining social consent are required to be reflected in the investment agreement. We have studied the requirements for responsible and sustainable mining and their financial impact with the current methodology for the valuation of minerals using content analysis, and identified areas for improving the valuation methodology. This methodology has become important in incorporating good practices of companies implementing responsible and sustainable mining internationally into the methodology for the valuation of mineral assets.

CITIZEN PARTICIPATION AND BENEFIT-SHARING MODELS IN THE MINING ECONOMY (Case of Omnogovi aimag)

Usukhbayar Vaanchig, Chimgee Dari — Wed, 27 May 2026 00:00:00 +0800

The mining sector has become a key driver of Mongolia’s economic growth; however, issues related to local community participation and benefit sharing remain insufficiently studied. Therefore, the purpose of this study is to examine international models of community participation and benefit sharing in the mining economy and to identify opportunities for their application in Mongolia.
A mixed-methods approach was employed, including surveys, interviews, and document analysis involving residents of Gurvantes, Khanbogd, and Tsogttsetsii soums of Umnugovi province. The collected data were analyzed using descriptive statistics and regression analysis with SPSS software.

DEVELOPING THE ACTORS’ ECONOMIC & VALUE INDEX (AEVI): A MULTIDIMENSIONAL ASSESSMENT OF CREATIVE LABOR AMONG MONGOLIAN THEATRE ACTORS

Gantsetseg Dorjgotov, Enkhbold Chuluunbaatar, Tungalag Jargalsaikhan — Wed, 27 May 2026 00:00:00 +0800

The cultural and creative industries (CCI) are increasingly recognized as strategic drivers of economic growth, innovation, employment, and soft power. Yet prevailing approaches to valuing creative labor remain one-dimensional, privileging income, market success, or fame. This study develops and applies the Actors’ Economic & Value Index (AEVI), a composite, multidimensional framework for assessing the value of theatre actors in Mongolia. AEVI operationalizes five integrated dimensions-economic value (ECO), labor rights and conditions (LAB), intellectual property (IPR), social & cultural capital (SOC), and professional development (DEV)-using normalized indicators and equal weighting in line with composite-index methodology. Results show SOC exerts a disproportionate influence on overall AEVI, followed by ECO, while LAB and IPR are consistently weak, indicating contractual precarity and limited IP monetization. Correlation analysis indicates positive coupling between ECO and SOC, modest links between DEV and both ECO/SOC, and relative independence of IPR.