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ИД «Финансы и кредит»






Finance and Credit

Sustainability of development of economic entities in partially autarkic economy

Vol. 30, Iss. 4, APRIL 2024

Received: 2 November 2023

Received in revised form: 11 December 2023

Accepted: 25 December 2023

Available online: 26 April 2024

Subject Heading: BUSINESS VALUE

JEL Classification: G17, O12

Pages: 914–925


Dar'ya M. KORSHUNOVA Tula State University (TulSU), Tula, Russian Federation

ORCID id: not available

Lyudmila E. ROMANOVA Tula State University (TulSU), Tula, Russian Federation

ORCID id: not available

Aleksandr S. VASIN Federal Treasury, Moscow, Russian Federation

ORCID id: not available

Subject. The article considers the methodology for assessing the sustainability of business entities’ development in modern Russia, characterized by elements of autarky.
Objectives. Our aims are to reveal the specifics of sustainable development in a closed economy, determine the degree stakeholders’ interests coordination as a basis for identifying sustainability of their development, elaborate a methodology for determining the sustainability of development of economic entities in a partially autarkic economy.
Methods. We employ general scientific methods, i.e. scientific abstraction, analysis and synthesis, as well as approaches to determining the influence of behavioral motives of decision-makers when identifying the effectiveness of economic entities’ development.
Results. The paper underpinned the need to determine the impact of the degree of coordination of stakeholders' interests in determining the sustainability of development of market actors; offered a classification of stakeholders' interests; developed the traditional concept of triple bottom line that rests on identification of economic, social, and environmental indicators of development on the basis of supplementing the assessment of sustainability by the results of stakeholder interests coordination.
Conclusions. In addition to the impact of social, environmental and economic factors, it is necessary to determine the level of coordination of stakeholders' interests, as well as stakeholder risk.

Keywords: stakeholder, behavioral pattern, sustainable development, digital business analysis


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