Release: 2021-1 (36)

2021-1 (36)
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Content:

RUSSIAN BANKING SECTOR: CURRENT STATE AND DEVELOPMENT TRENDS

Page:7-14

DOI: 10.21777/2587-554X-2021-1-7-14

Annotation: The article examines the issues of functioning and development of the country’s banking sector at the present time. It is noted that the banking sector is the most important part of the country’s financial system. One of the most important tasks of the banking sector is to ensure the uninterrupted service of the national payment system, to ensure the safety of depositors ‘ funds, and to transform these funds into loans to the economy. The article analyzes the structure of assets of Russian banks, the main place in which is occupied by lending to the real sector of the economy, estimates the volume and growth rate of lending to legal entities and individuals, analyzes the dynamics of deposit operations. Attention is drawn to the key trends in the development of the banking sector, which is changing the very paradigm of the functioning of credit institutions and the provision of their services. At the same time, the article concludes that despite all the difficulties, the Russian banking system has quite successfully passed all the tests. As a result, the Russian banking sector showed generally high growth rates in 2020.

FOREIGN EXPERIENCE OF USING THE MECHANISM PUBLIC-PRIVATE PARTNERSHIPS IN THE ELECTRIC POWER INDUSTRY

Page:15-22

DOI: 10.21777/2587-554X-2021-1-15-22

Annotation: This article examines the problem of using the public-private partnership (PPP) mechanism in financing such a strategically important infrastructure industry as the electric power industry. The purpose of the study is to determine the specifics of interaction between the state and business in the electric power industry of different countries and the possibility of using foreign experience in Russian PPP practice. Using methods of analysis, synthesis, systematization, modeling, the authors of this article conducted a study of the organization of PPP projects in world practice, namely in the electric power industry, which made it possible to determine the key points in the development of cooperation between the public and private sectors in this strategic sector of the economy, as well as mechanisms financing of public-private partnership projects. As a result, the features of the organization of PPP in the field of electric power in industrialized countries are identified and characterized by the example of the USA, Great Britain, France, in developing countries by the example of India and Bangladesh, in countries with economies in transition (Kazakhstan). The idea is substantiated that the institutional basis of the national economy determines the choice of the PPP model. The analysis helped to determine the possibility of applying in Russia certain elements of foreign experience in organizing PPP in infrastructure industries, in particular, in the power industry.

IMPACT OF FINANCIAL MECHANISMS ON THE COMPANY VALUE UNDER STRUCTURAL RISKS

Page:23-29

DOI: 10.21777/2587-554X-2021-1-23-29

Annotation: Geopolitical entropy, multidirectional influence of a complex of factors, complex behavior of counterparties, competition and structural risks exacerbate the problems of increasing the financial stability, value and reputation of a business based on a balanced and efficient financial mechanism. The purpose of the article is to identify and assess the trends and levels of influence of financial mechanisms on the increase in the value of the company in conditions of structural risks. The article identifies trends and directions of development of the company’s financial mechanism under the influence of external factors, financial policy, strategic management. In expanding the current interpretations in relation to the financial mechanism as a system, the author singled out innovative processes, triggers, technological moderators, control and controlled subsystems, relations as the core of financial management in a hierarchical system of methods, tools, levers of qualitative changes in value. Analysis of financial and economic indicators made it possible to identify the state and level of influence of the financial mechanism on economic value added (EVA) and the market value of companies. On the basis of a stochastic multilevel model of the formation of a financial mechanism, the author analyzes the construction of financial relations, and proposes dynamic models of increasing the company’s value. The author substantiated the platform of situational-variational influence, taking into account the dynamics and strength of the influence of factors, the changeability of conditions, options for combining elements and the adaptability of the mechanism to the external environment.

PROBLEMS AND PROSPECTS OF SOCIO-ECONOMIC DEVELOPMENT OF A LARGE CITY (ON THE EXAMPLE OF THE CITY OF VOLOGDA)

Page:30-37

DOI: 10.21777/2587-554X-2021-1-30-37

Annotation: To make important strategic and managerial decisions, it is important to have complete and reliable information about the development trends of the municipality. The purpose of this article is to determine the problems and prospects of socio-economic development of a large city based on the analysis of the main indicators. As the object of analysis in the study, the municipal formation – the city of Vologda was chosen. The information base was the works of Russian scientists and Rosstat data. The paper considers the main indicators that characterize the labor market, demographic development, the volume of industrial production, the level of investment and wages. The problems hindering the development of the municipality are identified, which consist in the unsatisfactory demographic situation, the deterioration of engineering and municipal infrastructure, and the insufficient level of improvement of the city. The possibilities for eliminating possible risks in the implementation of the strategic priorities of the city development are identified. The research materials can be used by regional and municipal authorities, as well as be of practical interest to researchers dealing with this issue.

STATE OF SMALL BUSINESS IN THE RYAZAN REGION IN THE PANDEMIC

Page:38-44

DOI: 10.21777/2587-554X-2021-1-38-44

Annotation: In the pandemic, small businesses suffered more than others and suffered the main losses, which were manifested in a reduction in the number of personnel, a decrease in sales turnover, revenue, a decrease in the solvency of entities. All this led to a reduction in the number of small businesses. The role of small business in the Russian economy and the problems of its development in the context of the pandemic determined the topic under consideration. The article presents the dynamics of the main indicators of the development of small business of the Ryazan region for a number of previous years. The author’s classification presents a system of external factors that have determined the development of the business in the past few years. The article presents data from various sources, which allowed the authors to objectively assess the development trends of small businesses in the region. A structural assessment of the region’s small businesses in the context of the list of pandemic-affected industries was given. An estimate of some indicators for the first half of 2020 is given. The article presents a change in the industry structure of small businesses and the importance of this change for the economy. A number of key small business issues have been identified. The role of the state in supporting entrepreneurship during the pandemic is outlined, the forms and types of this support are determined. Property support of the business is discussed in detail. The key feature of the article is the grouping of small businesses by the format of activities, the emphasis on adaptation to new business conditions. The article emphasizes the importance of digitalization of the economy, increasing in the new conditions.

PROBLEMS OF EVALUATION OF FINANCIAL RESULTS OF ACTIVITIES OF COMPANIES IN THE TELECOMMUNICATION INDUSTRY AND DIRECTIONS OF DEVELOPMENT OF THE TECHNIQUE

Page:45-51

DOI: 10.21777/2587-554X-2021-1-45-51

Annotation: The article examines the problems and issues of assessing the factors that affect the financial results of a telecommunications company. On the example of one of the largest companies, the assessment of factors was carried out, the applied assessment methods were considered. The analysis of the environment of indirect and direct impact is carried out using the research of consumers, suppliers, competitors. Based on the results of the analysis, it was concluded that all the main indicators and their dynamics directly depend on the company’s customers, and are also subject to changes from external factors. The article also identifies the competitive advantages and strategic opportunities of the telecommunications market. A comparative analysis of the advantages and disadvantages of methods for analyzing financial results is presented. The main goal of the study is to determine the degree of influence of financial results on the activities of companies in the telecommunications industry. In the course of the study, generalizing conclusions and conclusions are drawn about the features of the assessment of financial results.

ROLE OF RUSSIA IN DEVELOPMENT OF THE GLOBAL LIQUEFIED NATURAL GAS MARKET

Page:52-63

DOI: 10.21777/2587-554X-2021-1-52-63

Annotation: The article is devoted to the study of the role of Russia in the world market for the production and export of liquefied natural gas. The author conducts a study of the role of Russia in the export market for pipeline natural gas, identifying features and changes for the period from 1985 to 2019. The analysis of the role of Russia in the liquefied natural gas export market is carried out, with an analysis of the dynamics of changes in the share and volume of exports, as well as factors influencing the change in the role of Russia in the global LNG market. A study of the dynamics of growth of exports and imports of liquefied natural gas by various countries of the world for the period 2000–2019 is carried out, on the basis of which the authors draw conclusions about the current process of the formation of the world LNG market, which has significant prospects for further development and structural transformation, as well as the potential for the participation of new players, primarily Russia.

ADVANTAGES OF THE ECOSYSTEM APPROACH IN MANAGEMENT OF ORGANIZATION

Page:64-70

DOI: 10.21777/2587-554X-2021-1-64-70

Annotation: This article discusses the advantages of the ecosystem approach and the main opportunities that open up for companies when implementing ecosystem practices in their management. In the process of analyzing the essence and content of the concepts of ecosystem, business ecosystem, ecosystem approach in management practice, a comprehensive, systematic approach, methods of analysis and synthesis, and a comparative analytical method are used. The purpose of the study is to identify the advantages of the ecosystem approach for the company’s management, taking into account digitalization. The article notes that the ecosystem creates conditions for organizations to increase their technological and economic advantage, achieve their strategic goals, improve the efficiency of business processes, and improve the experience of interaction with stakeholders. Examples of successful practices of the ecosystem approach in the management of the organization are given. It is revealed that the ecosystem approach is an essential condition for modern companies seeking to implement digital technologies in their business, to take a leading position in the market.

IMPACT OF DIGITALIZATION ON FOREIGN DIRECT INVESTMENT IN THE RUSSIAN FEDERATION

Page:71-78

DOI: 10.21777/2587-554X-2021-1-71-78

Annotation: The article examines the relationship between foreign direct investment in the economy of the Russian Federation and digitalization: the digital economy is of great importance for investment, and investment, in turn, is extremely important for digital development. A study of the impact of multinational companies on the global economy in the context of business digitalization is conducted. Both positive and negative aspects of this influence were identified. The author identifies the factors that caused a decrease in the intensity of the processes of transnationalization of the economy. The analysis of direct investments in the Russian Federation of the largest TNCs is carried out. It was revealed that the leader in the rating of the largest foreign companies in Russia has changed for the first time. The article defines that the development of TNCs is characterized by a new round, which is associated with the transition of systems at different levels to the digital economy. The author analyzes the partner countries that make direct investments in the Russian economy. The leading countries in terms of foreign direct investment in the Russian economy in 2020 were identified. The author analyzes the strategy of digital transformation by country. Based on the analysis, the author concluded that in order to stabilize the situation and develop foreign economic activity, it is necessary to widely introduce digital technologies into the economy.

FEATURES OF THE FORMATION OF RUSSIAN MANAGEMENT

Page:79-86

DOI: 10.21777/2587-554X-2021-1-79-86

Annotation: The article examines the prerequisites and features of the formation of the Russian management model, conducts its critical analysis related to the presence of significant shortcomings in it and the deployment of a number of destructive processes. Modern trends in the transformation of the economy and management and their impact on the development of Russian management are considered, arguments are given to justify the need for a qualitative adjustment of the existing system and its further improvement. The authors come to the conclusion that only deep knowledge in the field of modern management, continuous development of managerial competencies can provide much-needed business efficiency, create the necessary prerequisites for a large-scale reorganization in conjunction with the modernization of the management system in our country and the strengthening of a favorable business climate. Only in this case, we can expect an influx of investment, ensure a predictable and fair macroeconomic policy, and implement a structural adjustment of the economy.

PROSPECTS FOR THE USE OF DIGITAL TECHNOLOGIES IN AUDIT ACTIVITIES

Page:87-93

DOI: 10.21777/2587-554X-2021-1-87-93

Annotation: This article examines and analyzes the prospects and opportunities for using digital technologies in auditing. The most significant technologies that can influence the transformation of audit activities, changing and simplifying the conduct of audit procedures, are identified. The dynamics of the introduction of information and communication technologies in organizations is studied, the relevance of the process of transformation of audit activities under the influence of digital technologies is clarified, and a forecast of possible ways of developing audit activities under their influence is made. The degree of influence of information technologies on the scope of functions performed in the field of accounting and auditing, depending on the level of qualification of specialists, is studied. Special attention is paid to the study of the possibilities of using modern digital technologies in relation to audit activities, and the possible directions of their integration are investigated. Based on the material studied, the authors assume about the possible transformation of the activities of audit companies.

POLICY OF FORMING AND DEVELOPING THE COMPETENCIES OF RAILWAY COMPANY PERSONNEL

Page:94-100

DOI: 10.21777/2587-554X-2021-1-94-100

Annotation: The article deals with the competence approach in an industry company. With the competence approach, the norms and requirements for employees are formed, it determines the goals of the educational process and evaluates the educational results, and the already accumulated experience, knowledge, skills and abilities of employees are human capital that must be managed competently and with dignity. The implementation of the competence assessment system is presented as a complex and lengthy process, accompanied by a change in the corporate culture and thinking of managers and managers. However, the formation and application of the competence model will allow the industry company to use the human resources potential most effectively. The competencies that are presented in the reference profile by level are described, and based on the competencies and the compiled reference profile, a reference competence card was developed for the position of ticket office cashier, which can provide the company with a stable competitive advantage in the market.