+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

Transformation of the organization and management of small and medium-sized business' finance

Vol. 10, Iss. 7, JULY 2017

PDF  Article PDF Version

Received: 30 November 2016

Received in revised form: 31 May 2017

Accepted: 5 June 2017

Available online: 14 July 2017

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: G23, G30

Pages: 767–789

https://doi.org/10.24891/fa.10.7.767

Laktionova O.E. Pryazovskyi State Technical University (PSTU), Mariupol, Ukraine
o.laktionova@inbox.ru

Tereshchenko E.Yu. Humanities and Education Science Academy, Branch of V.I. Vernadsky Crimean Federa1 University (Vernadsky CFU), Yalta, Russian Federation
ellakopp@rambler.ru

Desyatskii S.P. Pryazovskyi State Technical University (PSTU), Mariupol, Ukraine
sergedes@gmail.com

Subject The article discusses the trends in the development of small and medium-sized businesses in the economy of Russia and supplies a rationale for the transformation of financial organization and management through the use of financial outsourcing instruments.
Objectives The article aims to explore the dynamics and trends of small and medium-sized business' development in Russia and propose a direction for improving the organization and management of finance of the actors to enhance their development, comparable to that of similar actors in developed countries.
Methods We used econometric methods to analyze various financial and economic indicators of the small and medium-sized business' activities.
Results The paper identifies the regions of Russia where small and medium-sized business is particularly low.
Conclusions The paper concludes that the use of financial outsourcing tools enables small and medium-sized business to concentrate resources on the core business, reduce financial management costs, improve economic performance, and increase business activity in a country's economy.

Keywords: outsourcing, financial service, financial outsourcing, financial management, company

References:

  1. Vasil'ev F.P. Chislennye metody resheniya ekstremal'nykh zadach [Numerical methods for solving extremal problems]. Moscow, Nauka Publ., 1980, 520 p.
  2. Makarova O.N. Autsorsing kak instrument povysheniya ekonomicheskogo potentsiala i obespecheniya finansovoi bezopasnosti khozyaistvuyushchego sub"ekta [Outsourcing as a tool to increase the economic potential and ensure the financial security of the business entity]. St. Petersburg, SPbUE Publ., 2015, 84 p.
  3. Petrova I.V. Effektivnyi autsorsing: mekhanizm prinyatiya upravlencheskikh reshenii: monografiya [Effective outsourcing: a mechanism of management decision-making: a monograph]. Moscow, RIOR, INFRA-M Publ., 2014, 108 p.
  4. Sinyaev V.V. Marketing autsorsinga – funktsiya menedzhmenta sovremennoi kompanii: problemy, teoriya, praktika: monografiya [Outsourcing Marketing – a function of management of a modern company: problems, theory and practice: a monograph]. Moscow, Dashkov i K° Publ., 2015, 205 p.
  5. Sheveleva E.A. Bukhgalterskii autsorsing innovatsionnoi deyatel'nosti v natsional'nykh issledovatel'skikh universitetakh [Accounting outsourcing of innovation activities in the national research universities: a monograph]. Chelyabinsk, SUSU Publ., 2013, 180 p.
  6. Hamada K. The Benefit of Reduced Competition and the Cost of Information Rent Under Outsourcing. Bulletin of Economic Research, 2011, vol. 64, iss. 2, pp. 209–225. doi: 10.1111/j.1467-8586.2011.00397.x
  7. Shor I.M. Finansovye strategii strakhovykh kompanii, primenyayushchikh autsorsing: monografiya [Financial strategies of insurance companies using outsourcing: a monograph]. Volgograd, VolSU Publ., 2012, 121 p.
  8. López А. Outsourcing and Firm Productivity: A Production Function Approach. Empirical Economics, 2014, no. 47, iss. 3, pp. 977–998. doi: 10.1007/s00181-013-0770-x
  9. Andone I.I., Pavaloaia V.D.W. Outsourcing the Business Services. Informatica Economica, 2010, vol. 14, no. 1, рp. 160–170.
  10. Shelkunov D.O. [Internet economy: Russia and India as the two sides of the same coin]. Aziya i Afrika segodnya = Asia and Africa Today, 2011, no. 11, pp. 2–7. (In Russ.)
  11. Konig J., Kjskela E. Profit Sharing and Outsourcing under Labor Market Imperfection. Review of International Economics, 2012, no. 20, pp. 18–28.
  12. Swar D., Khan G.F. An Analysis of the Information Technology Outsourcing Domain: A Social Network and Triple Helix Approach. Journal of the American Society for Information Science and Technology, 2013, no. 64(11), pp. 2366–2378. doi: 10.1002/asi.22918
  13. Fraga M.G., Varajão J., Amaral L., Bulas-Cruz J. Information Systems Outsourcing in Major Portuguese Companies – Contracting Services. Journal of Research and Practice in Information Technology, 2012, vol. 44, no. 1, pp. 81–106. URL: Link jrpit/JRPITVolumes/JRPIT44/JRPIT%20Vol-44,-No.-1-2012-Fraga%20Information-Systems-Outsourcing-in-Major-Portugese-Companies-Contracting-Services.pdf

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive