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Current problems of value-based management use in Russian practice

Vol. 26, Iss. 1, JANUARY 2020

Received: 8 October 2019

Received in revised form: 14 November 2019

Accepted: 28 November 2019

Available online: 30 January 2020

Subject Heading: BUSINESS VALUE

JEL Classification: G2, G21, G32

Pages: 228–240

https://doi.org/10.24891/fc.26.1.228

Jafarov V.A. Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow, Russian Federation
vasif.asif@mail.ru

ORCID id: not available

Subject This article discusses the application of the Value-Based Management (VBM) concept to maximize the value of the company.
Objectives The article aims to identify the current problems of applying the VBM concept in Russian practice.
Methods For the study, I used the methods of analysis and synthesis, induction and deduction, and general scientific knowledge.
Results The article reveals that currently, there are a number of problems in applying the VBM concept in Russian practice.
Conclusions and Relevance Company value-based management is becoming an increasingly important financial instrument in Russia. The results of the study can be used by enterprises' management to solve the problem of implementing the company VBM concept aimed at maximizing the company value.

Keywords: Value-Based Management, management concept, company value, value assessment

References:

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  10. Khiramanov N.A. [The concept of Value Based Management (VBM) in the banking industry: analysis of the main drivers of growth of capitalization of banks]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2017, no. 11, pp. 1082–1086. (In Russ.)
  11. Gunina E.N., Ibragimova N.V., Moiseenko A.A. et al. Tekhnologii sovremennogo menedzhmenta: teoriya i praktika: monografiya [Technologies of modern management: theory and practice: a monograph]. Rostov-on-Don, AkademLit Publ., 2010, 352 p.

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