National Interests: Priorities and Security
 

Setting up a financial mechanism for corporate development during the adaptation of the Russian economy to a new technological mode

Vol. 13, Iss. 8, AUGUST 2017

Received: 12 July 2017

Received in revised form: 30 July 2017

Accepted: 18 August 2017

Available online: 29 August 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: G34, O12

Pages: 1491–1516

https://doi.org/10.24891/ni.13.8.1491

Radionova S.P. Saint Petersburg State University of Economics, St. Petersburg, Russian Federation spradionova@mail.ru

Importance The article reviews the corporate finance governance in adapting to new conditions of the socio-economic environment.
Objectives The research forms a financial mechanism for corporate governance that would streamline the adaptation to a new technological mode in the financial and economic instability.
Methods The research relies upon a systems and logic analysis of various aspects of corporate finance governance.
Results I examine the financial mechanism for corporate development in the dialectical unity with the financial mechanism of management. I review key steps of a comprehensive analysis of financial and business operations to determine the functionality of the financial system. I provide the rationale for a dynamic structural unit – the financial design sector. The article also analyzes issues of corporate governance that are common for SME during organizational changes and innovation. I propose methods for vector-oriented optimization of investment projects for SME in line with available software. The article presents a conditional and conceptual model of the financial system, formalizes it and points out financial criteria based on discounted cash flows.
Conclusions and Relevance Considering the adoption of a new technological mode, entities should articulate competition strategies, using a comprehensive approach and individual development paths. The financial mechanism for development grows more important as it bolsters such production factors as knowledge, organization, information. The unstable market situation and financial restrictions make entities use their economic capabilities and software to support innovative and investing activities.

Keywords: financial mechanism, development, competitive strategy, economic potential, financial analysis

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