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Introducing Professor Inna Makarenko

by Larissa Petryca, on 24 August 2022 14:35:06 CEST

PCU is pleased to welcome Prof. Dr. Inna Makarenko as a Principal Lecturer for the School of Business. Professor Makarenko joined Prague City University in May 2022 and teaches finance-oriented subjects to undergraduate and postgraduate level students. She has multidisciplinary research interests and a background in sustainability accounting, corporate transparency, responsible investment, and financial markets modelling.

Sustainable Research

Professor Makarenko’s investigative interests fit perfectly within the School of Business research aims, teaching and ethos that is driven by the United Nations Sustainable Development Goals (SDG).

Her research has explored SDGs 2 and 12 that cover agriculture companies sustainability transparency and global food security, SDG 3 for improvement of national health care systems and post-Covid recovery, as well as SDGs 4 and 8 that focus on educational challenges to ensure decent work and economical growth.

The general context of SDGs and the sustainability research undertaken by Professor Makarenko is to investigate companies' corporate social responsibility, stakeholder engagement and partnerships in various public, finance, and real sectors of the economy, along with the development of corporate and national social responsibility strategies for sustainability.

Additionally, this form of sustainability research addresses overcoming SDG financing gaps, responsible and ESG investment rationale and ways to enhance informational effectiveness of the financial market by modelling its persistence, volatility, and anomalies.


Professor Makarenko is an author of more than 150 scientific works, including 30 articles in publications indexed in Scopus and WoS databases and 17 intellectual property documents. She also writes for the Journal of Economic Studies (Scopus, WoS), Agriculture and Resource Economics (WoS, Scopus), Problem and Perspectives in Management (Scopus, Q2).

Professor Inna Makarenko Prague City University
Professor Inna Makarenko

Academic Background and Highlights

Before joining PCU Professor Makarenko was an Associate Professor at Sumy State University, Ukraine and became a full Professor of Accounting and Taxation in 2022 . She has a PhD. in Finance from the Ukrainian Academy of Banking of the National Bank of Ukraine, a Doctoral degree in Accounting and Auditing from Zhytomyr State University, Ukraine. She also holds a Master's Degree in Accounting and Auditing and a Master's degree in High School Pedagogy and an ACCA Diploma IFR Certificate as a professional in international financial reporting standards.

Over the years Professor Makarenko has been the recipient of many awards for her academic publishing, activities and promotion of education, the most recent in 2021 when she was awarded “Young Scientist of the Year” from Laureate of the All-Ukrainian competition.

Recent Publications

Professor Makarenko has published several papers in 2022 including her first affiliated article with PCU and a collaborative article with Dr Stefano Cavagnetto & Dr Vaclav Brož from PCU’s School of Business faculty.

Transparency of agriculture companies: responsible investment rationale for better decision making under sustainability
Makarenko, I., Plastun, A., Mazancova, J., Juhaszova, Z., Brin, P. Published 2022 Agricultural and Resource Economics: International Scientific E-Journal, 8 (2) (forthcoming, in print, WoS, Scopus)

Sovereign Wealth Fund’s transparency, financial performance and countries SDGs rankings.
Cavagnetto,S., Makarenko, I., Brož, V. Guo Y., Filatova, H. Forthcoming 2022 in
Investment Management and Financial Innovations  (Scopus, Q3)

Corporate transparency, sustainable development and SDG 2 and 12 in agriculture: the case of Ukraine and Czech Republic
Makarenko, I., Plastun, A., Kozmenko, S., Rudychenko, A. Published 2022 in AGRIS on-line Papers in Economics and Informatics, (forthcoming, in print, Scopus, Q2)

Forecasting the net investment position based on conventional and ESG stock market indices: The case of Ukraine and Austria. Investment Management and Financial Innovations
Alex Plastun, Inna Makarenko, Daniel Salabura, Yulia Serpeninova and Mario Situm. Published 2022. 19(3), 60-71. doi:10.21511/imfi.19(3).2022.06 (Scopus, Q3)

Persistence in ESG and conventional stock market indices. Journal of Economic and Finance
Caporale, G.M., Gil-Alana, L., Plastun, A., Makarenko, I. (2022) *=(Scopus, Q3 2)

Net investment position and the stock market: The case of traditional and ESG indices. Investment Management and Financial Innovations
Jaroslav Slepecký, Anna Vorontsova, Alex Plastun, Inna Makarenko and Iryna Zhyhlei (2022). , 19(2), 51-66. doi:10.21511/imfi.19(2).2022.052021, (Scopus, Q3)

Inspiring Students

As a Principal Lecturer Professor Makarenko brings her considerable knowledge and experience into the classroom. Her goal for more business transparency and corporate responsibility to ensure a more equitable and sustainable future are ones that we hope will inspire students to embrace and implement within their workplaces and careers.

Topics:School of Business