Headings of the journal
"Economics and Management"

Annotation: In the framework of this study, the main barrier to improving the well-being of people of pre-retirement age is the lack of a systematic approach to the use of financial literacy tools of this age category. The object of the study is the socio-economic processes that have causal relationships with the financial literacy of citizens of pre-retirement age. The subject of the study is the system of relations that arise in the process of forming financial literacy of citizens of pre-retirement age. The purpose of this scientific article is the structuring of financial literacy tools for people of pre – retirement age and the development of recommendations for improving their effectiveness. This article analyzes the causal relationships between financial literacy and human well-being, based on statistical data, the influence of the global trend of population aging on economic development is shown. As a result, the authors have developed a structure of recommended tools for improving financial literacy for people of preretirement age as a means of protecting their rights in the field of financial literacy.

Annotation: The purpose of the study was to generalize methodological approaches to the analysis of the state of the consumer sector of the economy and to develop the main directions for stimulating its further growth on the example of the Vologda region. The information base was provided by the works of domestic specialists dealing with the regulation of the consumer sector, as well as information from state statistics bodies. The analysis was based on general scientific (deduction, comparison, analysis, synthesis) and economic-statistical methods (average values, elementary methods of processing calculated data, index method). The Vologda Oblast was chosen as the object of the study, which is characterized by negative dynamics in the structure of the use of the gross regional product. During the systematization of scientific knowledge about the methodology for analyzing the state of the consumer sector, the main indicators were identified, through which the level of its development was further assessed on the example of a specific region.

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.

Annotation: Survival of a business under modern conditions largely depends on how well the management determines the prospects for its development. The latter depend on various parameters directly related to the company’s financial policy including sales dynamics, profit amount of and invested capital, amount of dividends paid, etc. At the same time as research by R.S. Higgins shows company’s financial policy does not always correspond to the projected rates of its development (growth) and, often, requires significant adjustments. This article considers the possibility of making informed decisions on the development of operational and strategic plans based on the concept that in financial sector is commonly called “the concept of sustainable growth (SGR – Sustainable growth rate)”. The essence of this concept is the ability to make an informed choice of financial policy related to the search for sources of financing for the resource provision of the projected (achievable) corporation development. Thus the article attempts to substantiate recommendations for adjusting company’s financial policy in order to ensure the projected pace of its development (growth). The authors carry out an analysis of methods for assessing the possibilities of sustainable growth on the example of a specific corporation under different scenarios of financial planning. Namely we determine the rate of internal and sustainable growth, identify an imbalance in forecasting of financial statements and propose possible options for managerial financial decisions.