Headings of the journal
"Economics and Management"
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Release: 2020-2 (33)
DOI: 10.21777/2587-554X-2020-2-29-37
Keywords: innovation, strategy, strategic approach, market, business model, innovation maturity, sustainable development
Annotation: In the framework of this study, the absence of a systematic approach to working with innovations, the complexity of company transformation, the bureaucratization of processes, and the lengthy time frame for making decisions are identified as the main barriers in introducing innovations. According to the authors, the reason lies in the lack of new competencies for commercializing products both in the scientific community and the business environment, and among large companies. Over the past few decades, many Russian companies have not had time to adapt to new mechanisms of interaction and continue to use outdated management methods, internal resources and their own research base. This article presents the current model, which, using the strategic approach, will allow Russian companies to become more open to innovations, change their management structure and more efficiently introduce new technologies and solutions using various tools that have been widely used in Russia and the world in recent years.
Development of fintech and big data in the financial sphere: features, problems, opportunities
Release: 2020-1 (32)
DOI: 10.21777/2587-554X-2020-1-30-36
Keywords: Financial technology, big data, digital transformation, financial industry
Annotation: This article discusses the development of FinTech and Big Data in the financial sector. It is revealed that the financial industry is rapidly moving towards data-based optimization, and organizations must respond to these changes in a timely manner. Financial and banking services are becoming more accessible, and the impact of technological innovations is very diverse. Big data problems in Finance are identified. The incentive to invest and implement data analysis tools and methods is huge, and businesses will need to adapt, innovate, and develop strategies for the emerging digital market. Big data is characterized by the following: the main volume of data, the speed with which it is processed, and a wide range of data. Data Analytics has expanded to the technological fields of machine learning and artificial intelligence. Along with the development of computer methods of data analysis, analysis relies on traditional statistical methods. Ultimately, data analysis methods are applied in two ways in an organization: big data analysis is processed by streaming data as it becomes available, and then batch data analysis is performed as it is created to search for behavioral patterns and trends. As data generation increases, various methods that manage this will evolve. As data becomes more insightful in its speed, scale, and depth, the more it spurs innovation. According to statistics, the revenues of the global big data market for software and services will increase from 42 to 103 billion USD by 2027.
ON THE MOVEMENT OF FOREIGN DIRECT INVESTMENT IN RUSSIA AND ABROAD
Release: 2020-3 (34)
DOI: 10.21777/2587-554X-2020-3-43-49
Keywords: investment, direct investment, capital investment, analysis, movement, capital, export, import
Annotation: The article deals with the problem of formation and analysis of foreign direct investment in the Russian Federation. The study of concepts and definitions: “foreign direct investment”, “classification of foreign direct investment” and “forms of ownership of investors”. The analysis of direct investment in the Russian Federation by institutional sectors of the economy is carried out. Considering these trends, it was found that the largest share in the structure of foreign direct investment was accounted for by debt financial instruments. The article defines the tasks related to the movement of foreign direct investment in Russia and abroad. Based on the assessment of current trends in the world economy and the review of mutual trade of the BRICS countries, the factors of increasing the inflow of foreign investment are identified. The article examines the current state of capital flows in foreign countries and analyzes the indicators of capital investment in countries with a significant drop in direct investment. This article is aimed at improving the quality of the country’s investment policy, considering possible trends in its further integration into the system of international economic relations.
INFLUENCE OF THE FACTORING TOOL ON THE FINANCIAL STABILITY OF ENTERPRISES FROM THE PERSPECTIVE OF ACCELERATING THE TURNOVER OF WORKING CAPITAL
Release: 2020-4 (35)
DOI: 10.21777/2587-554X-2020-4-46-51
Keywords: factoring, factor, current assets, turnover of working capital, business activity, accounts receivable, financial stability
Annotation: The article deals with the influence of factoring operations on the turnover rate of working capital on the example of 15 companies in the packaging industry, selected due to the peculiarities of their production process, characterized by minimal seasonal fluctuations and selling products exclusively to wholesale buyers. Companies were grouped by the degree of involvement of receivables in factoring transactions into three categories: the first group includes 5 companies, handed over to the factor of about 75 % of accounts receivable, the second group including 5 companies that gave the factor of about 40 %, and the third group of 5 companies presented a factor of about 15 % of its receivables. The main purpose of the study is to determine the degree of influence of factoring operations on the acceleration of the turnover of current assets of the organization, depending on the share of accounts receivable transferred to factoring. The results of the study showed that 67 % of the companies selected for analysis confirmed the assumption that with an increase in the volume of financing of factoring transactions, the speed of turnover of working capital significantly increases, which ultimately allows us to determine the presence of a strong inverse relationship between the studied variables.
DENMARK FINANCIAL SECTOR OVERVIEW
Release: 2020-3 (34)
DOI: 10.21777/2587-554X-2020-3-50-56
Keywords: Denmark, public debt, financial sector, inflation, productivity, production volumes
Annotation: This article examines the development of the Danish economy, which is clearly working well. Growth was at its fastest in a decade last year, and the output gap seemed to narrow for the first time since the global financial crisis. The labor market has strengthened, and opportunities are being constrained in the financial sectors. Wage growth is consistent with productivity while inflation remains subdued. The financial situation continues to improve, and the public debt remains stable. This article contains figures and tables for several years. Key financial vulnerabilities include high levels of household debt amid high property valuations after a long period of weak financial conditions. There were also signs of risk in some sectors, such as commercial real estate, Taxation in Denmark is based on tax obligations under domestic law as an ordinary tax resident or non-resident. Denmark’s financial protection system and crisis management system, including Bank rehabilitation, have improved significantly.