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

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

Vertical restructuring of the construction holding company at the time of financial and economic crisis

Vol. 15, Iss. 7, JULY 2017

PDF  Article PDF Version

Received: 27 January 2017

Received in revised form: 18 March 2017

Accepted: 18 April 2017

Available online: 14 July 2017

Subject Heading: THEORY OF REGIONAL ECONOMY

JEL Classification: D2

Pages: 1202–1211

https://doi.org/10.24891/re.15.7.1202

Val'dshtein L.V. Bauman Moscow State Technical University (Bauman MSTU), Moscow, Russian Federation
valdshteyn@yandex.ru

Subject The article discusses the issues of vertical restructuring of the construction holding company during a financial and economic crisis.
Objectives The article aims to develop an enterprise model to analyze its vertical structure. The paper considers the use of the S3 method to conduct a comprehensive analysis of the industrial holding. It assesses the feasibility of vertical restructuring of the construction holding company at a time of financial and economic crisis. As well, the article aims to suggest options for the most effective vertical restructuring at the enterprise.
Methods For the study, I used the S3 method that combines systems, synergistic and situational approaches.
Results The article presents possible options for the most efficient reorganization of the enterprise during a financial and economic crisis.
Conclusions and Relevance The availability of in-house capacity in the structure of large industrial holdings reduces production costs and in some cases, it may help yield additional profits. A significant factor is the volume of activities, which is the basis to calculate the feasibility of vertical integration. The results obtained may be of interest to the management of large industrial and, in particular, building development holdings to reduce costs during a period of financial and economic crisis and to improve the financial performance of the company.

Keywords: development holding company, S3 method, financial economic crisis, analysis, activity, vertical restructuring

References:

  1. Rudyi K.V. Finansovye krizisy: teoriya, istoriya, politika: monografiya [Financial crises: theory, history, politics: a monograph]. Moscow, Novoe znanie Publ., 2003, 399 p.
  2. Ermakova E.M., Agafonova M.S. [Application of system and situational approaches in formation of organizational structures of control]. Nauchnoe obozrenie. Ekonomicheskie nauki = Scientific Review. Economic Sciences, 2016, no. 2, pp. 68–73. (In Russ.)
  3. Ermilov A.E., Mikhailova T.L. [A scenario-situational approach in the light of the autopoiesis theory as a basis for developing automated management systems]. Mezhdunarodnyi zhurnal eksperimental'nogo obrazovaniya = International Journal of Experimental Education, 2014, no. 6-1, pp. 161–163. (In Russ.)
  4. Kopylova E.A. [The possibilities of applying of the contingency approach to the analysis of management of the organisation]. Ekonomika i menedzhment innovatsionnykh tekhnologii, 2014, no. 2. (In Russ.) URL: Link
  5. Bertalanffy K.L. fon. Obshchaya teoriya sistem – kriticheskii obzor. Obshchie sistemy. V kn.: Issledovaniya po obshchei teorii sistem: sbornik perevodov [General System Theory. A Critical Review: General Systems. In: General System Theory Studies: A compilation of translations]. Moscow, Progress Publ., 1969, pp. 23–82.
  6. Shchedrovitskii G.P. Problemy metodologii sistemnogo issledovaniya [System research methodology issues]. Moscow, Znanie Publ., 1964, 48 p.
  7. Blauberg I.V. Problema tselostnosti i sistemnyi podkhod: monografiya [The problem of integrity and a systems approach: a monograph]. Moscow, Editorial URSS Publ., 1997, 448 p.
  8. Val'dshtein L.V., Malinin V.L. [Use of the S3 method in crisis management]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2014, no. 1-3, pp. 460–465. (In Russ.)
  9. Metelev S.E., Kur'yakov I.A. [World financial and economic crisis: the state of the art and the prospects]. Sibirskii torgovo-ekonomicheskii zhurnal, 2009, no. 8, pp. 124–129. (In Russ.)
  10. Kudrin A.L. [World financial crisis and its impact on Russia]. Voprosy Ekonomiki, 2009, no. 1, pp. 9–27. (In Russ.)
  11. Shishkina N., Shibanova-Roenko E.A. [The world financial and economic crisis of 2007–2010 as one of the cycles of economic development]. Uspekhi sovremennogo estestvoznaniya = Advances in Current Natural Sciences, 2012, no. 4, pp. 130–132. (In Russ.)
  12. Drucker P.F. Effektivnoe upravlenie. Ekonomicheskie zadachi i optimal'nye resheniya [The Effective Executive. Economic challenges and optimal solutions]. Moscow, FAIR-PRESS Publ., 1998, 288 p.
  13. Airapetov O.R. [Analysis of existing methods of manufacturing and sales industrial activities]. Sovremennye problemy nauki i obrazovaniya, 2013, no. 3, pp. 295–299. (In Russ.) URL: Link
  14. Levchenko L.N., Natapov A.S., Mashkin L.F. et al. Proizvodstvo armaturnoi stali [Production of reinforcing steel]. Moscow, Metallurgiya Publ., 1984, 136 p.
  15. Sergeeva I.G., Tsyplukhina D.G. [Mergers and Acquisitions as a Tool of Industrial Corporate Governance]. Nauchnyi zhurnal NIU ITMO. Ser. Ekonomika i ekologicheskii menedzhment = Scientific Journal NRU ITMO. Ser. Economics and Environmental Management, 2015, no. 2, pp. 208–214. (In Russ.)
  16. Prokopenko N.V., Litovchenko V.V. [Value oriented management of company in M&A projects]. Sovremennye problemy nauki i obrazovaniya, 2013, no. 2, pp. 150–153. (In Russ.) URL: Link

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 4
April 2024

Archive