101 - 110 из 114
Egorova N.E. Central Economics and Mathematics Institute, Russian Academy of Sciences, Moscow, Russian Federation ( firstname.lastname@example.org )
Ivanov K.A. OOO ABSOLYUT-SIRIUS, Moscow, Russian Federation ( email@example.com )
Journal: Financial Analytics: Science and Experience, #27,
Importance The research focuses on the issues of coordinating interests at various levels of the hierarchical management system. The research examines a certain type of tasks for aligning economic interests with ideal points within and out of the attainability domain.
Objectives The research pursues a comparative economic and mathematical analysis, and identifying strengths of various algorithms for addressing the issues, including formal and heuristic procedure algorithms.
Methods The methods of the research involve the concept of a Pareto optimality that defines a coordinated decision, as well as Larichev's method for analyzing the correctness of heuristic procedures applied to multi-criteria tasks.
Results As a result of the research, we deliver modified and iterative procedures for coordinating economic interests in two-tier systems, using the correct heuristic procedures.
Conclusions and Relevance We prove that the methods for coordinating economic interests, including heuristic procedures, allow to consider informal aspects, which are significant for the real practice of coordinating economic interests, rather than factors, which are conventionally deemed present in models with formal criteria. We develop effective formal and heuristic algorithms for finding reasonable (in line with a Pareto optimality) economic decisions in two-tier management structures, a wide spectrum of multi-criteria optimization tasks with some social and economic criteria that are hard to formalize.
Ivanov A.P. Russian Open Academy of Transport of Moscow State University of Railway Engineering, Moscow, Russian Federation ( firstname.lastname@example.org )
Mikhalev A.S. PAO Uralsib, Moscow, Russian Federation ( email@example.com )
Journal: Economic Analysis: Theory and Practice, #11,
Importance The article investigates real rate of return on household deposits.
Objectives The aim is to consider the problems related to transformation of personal savings into investment for manufacturers.
Methods To present an algorithm for estimating the real rate of return, deposits were divided into two groups: in foreign and national currencies. For ruble-denominated deposits, the numerical algorithm of profitability was determined by the weighted average interest rate of the bank, adjusted for inflation. A similar algorithm was used to calculate the real rate of return on deposits denominated in foreign currency.
Results The study shows that under stable economy the real rate of return on bank deposits is above zero. However, during the crisis, the real rate of return is below zero except for certain peak cases of liquidity shortage causing a sharp increase in deposit interest rates.
Conclusions and Relevance The study presents factors that prevent real rate of return from permanent staying in the positive zone. Nevertheless, a bank deposit as a savings tool continues being a profitable product under stable national economy. It is worthwhile to say that there is no adequate development of alternative savings institutions in our country. On the one hand, this fact increases the importance of bank deposits for the population, on the other hand, it bears additional risk for the banking system.
Ivanov P.A. Institute of Socio-Economic Research, Ufa Science Centre of RAS, Ufa, Republic of Bashkortostan, Russian Federation ( firstname.lastname@example.org )
Journal: Economic Analysis: Theory and Practice, #10,
Subject Insufficient investment activity, which is currently observed in many territorial entities of Russia, is a sticking point for sustainable socio-economic development at all levels, including municipal. In most cases, there is little or no regard for stadial characteristics of territories.
Objectives The aim of this study is to assess dominant factors of investment appeal of municipalities at different stages of their life cycle, using the case of municipalities of the Republic of Bashkortostan.
Methods The study employs methods of systematization, comparative and correlation-regression analysis. I use the Statistical Package for the Social Sciences software to assess the relationship between investment attractiveness and indicators of socio-economic development of municipalities of the Republic of Bashkortostan by their life cycle stage.
Results I analyzed ratings of investment attractiveness of subjects of the Russian Federation, identified challenges of their comparative analysis and made suggestions to smooth them. The paper states that at different stages of any life cycle there is a differentiated set of factors (with two key factors), and they reflect the specifics of stages of territory development. It also reveals a direct relation between investment activity and the level of stadial development of municipalities.
Conclusions It is necessary to stir up the State policy in the field of household savings as a key driver of investment development of territories, to improve the system of inter-budget transfers, taking into account the specifics of investment processes at different stages of life cycle of territories.
Ivanov D.A. Embassy of Republic of Kazakhstan in Russian Federation, Moscow, Russian Federation ( email@example.com )
Journal: National Interests: Priorities and Security, #9,
Importance The European Union (EU) is Kazakhstan's first trade and economic partner despite neighboring markets of Russia and China. The parties have signed the Enhanced Partnership and Cooperation Agreement in 2015 with respect to Kazakhstan's obligations in the Eurasian Economic Union and WTO. Energy is a key element in the cooperation between Kazakhstan and the EU. Both sides are keen to provide energy security. The major part of the Kazakh oil exports goes to Europe. Kazakh crude oil and uranium are the most valuable energy resources for the EU in Central Asia.
Objectives The research provides unbiased information about the current status and prospects for the development of the bilateral cooperation in energy.
Methods The research applies a systems approach and traditional method for comparative analysis, up-to-date statistical data from international and Kazakh sources.
Results I overview the Kazakh oil and gas industry and the European multinational corporations' strategy in the country. I make the first attempt to scrutinize the structure of trade in energy goods, existing barriers that impede a full-fledged Kazakhstan-EU energy dialogue. I thus introduce my own recommendations and describe the role of Russia and China in the Kazakh-European energy cooperation.
Conclusions and Relevance Despite the relatively high level of Kazakhstan's cooperation with the EU in energy, Astana will remain just an alternative energy supplier to Europe, and thus the share of the country's energy supplies is unlikely to increase. The role of Russia and China in the Kazakh energy industry will rise and that of the EU will decline in the future.
Ivanov A.P. Russian Open Transport Academy of Moscow State University of Railway Engineering, Moscow, Russian Federation ( firstname.lastname@example.org )
Mikhalev A.S. PAO URALSIB, Moscow, Russian Federation ( email@example.com )
Journal: Economic Analysis: Theory and Practice, #40,
Subject The article addresses the operating efficiency of credit institutions.
Objectives The study aims to consider the effect of credit policy focused on loans to individuals on bank performance indicators.
Methods To perform the analysis, we selected 50 credit institutions with the highest figure of total assets as of the end of 2013, and distinguished a group of retail banks (focusing their credit policy on loans to individuals) and a group of universal banks (having a relatively balanced proportion of loans to legal entities and individuals). We defined a set of indicators characterizing the bank operating efficiency, and compared the indicators calculated for these two groups to assess the influence of the dynamics of loans to individuals on bank performance indicators.
Results The findings show that the total loan portfolio yield (inclusive of loan loss provision) of universal banks is lower than that retail banks. Universal banks demonstrated better ratios of operating expense to loan portfolio, and the sum of operating and interest expenses to loan portfolio. We selected the return on equity and return on assets as resulting indicators of performance.
Conclusions The retail model of banking business proves to be more efficient in terms of credit institution's profit maximization. However, this study does not cover the issue of the stability of the retail banking model, which requires special consideration.
Leont'ev N.Ya. AO ASE Engineering Company, Nizhny Novgorod, Russian Federation ( firstname.lastname@example.org )
Ivanov A.A. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation ( email@example.com )
Ivanova N.D. Nizhny Novgorod State Technical University n.a. R.E. Alekseev, Nizhny Novgorod, Russian Federation ( firstname.lastname@example.org )
Journal: Economic Analysis: Theory and Practice, #8,
Importance The article reviews indicators for rapid assessment of the current position and innovative capacity of the enterprise to enhance its competitive ability and choose a development strategy.
Objectives The study aims to design methods to assess the efficiency of innovative development of the enterprise for improving its competitiveness.
Methods The study draws on general methods of scientific research, method of enterprise development, ratio analysis, classification techniques, graphical visualization, and a matrix approach.
Results We considered the most relevant approaches and methods of enterprise innovative development evaluation, their advantages and disadvantages, and areas for further improvement. The paper presents our own classification of indicators of innovative development based on the assessment of current position and development prospects, and gives examples of these indicators. We developed a matrix scheme for visualization of results and further development strategy selection. The paper also includes an integrated methodology for evaluation of innovative development efficiency.
Conclusions As investments are expected to yield results not only in the short term but also in the far future, the application of only current performance estimates limits the significance of results. The inclusion of a dynamic component will make it possible to assess the sustainability of innovative development and competitiveness of the enterprise as a whole.
Yashin S.N. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation ( email@example.com )
Koshelev E.V. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation ( firstname.lastname@example.org )
Ivanov A.A. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation ( email@example.com )
Journal: Finance and Credit, #2,
Subject This article deals with the issues of evaluating innovative projects of the firm, which are integrated into the operating enterprise and at the same time unusual for it. Estimating the weighted average capital cost in this case is the most difficult task to be handled in several steps.
Objectives The article aims to create a methodology for assessing the estimated weighted average capital cost in the case of analysis of innovative projects of the firm, which are integrated into the operating enterprise and at the same time unusual for it.
Methods The article proposes to assess not the estimated weighted average capital cost of the project, but the estimated weighted average capital cost of the firm as a whole, as the cost of capital invested in an innovative project will be exorbitant and inflated, if using just the weighted average capital cost of the project. This approach will take into account various systemic financial effects.
Conclusions and Relevance This approach makes it possible to take into account the integration of a new innovative project into the operating enterprise. The results of the study can be useful to financial analysts and top managers of companies to make proper decisions about the effectiveness of innovative projects.
Ivanov P.A. Institute of Social and Economic Research of Ufa Scientific Center of RAS, Ufa, Republic of Bashkortostan, Russian Federation ( firstname.lastname@example.org )
Journal: Economic Analysis: Theory and Practice, #7,
Importance The financial instability in both external and domestic financial markets necessitates improving the balance, debt sustainability of the Russian budgetary system through strengthening the financial security as one of the most important element of the overall national security.
Objectives The study aims to review the financial performance and budget targets of the national security, and their thresholds enabling to assess the budgets of constituent entities of the Russian Federation and local budgets from the perspective of their balance and debt sustainability and identify critical areas in public finance.
Methods Using the statistical and econometric methods, I calculated indicators of balance and debt sustainability, compared actual data with threshold values, and classified debt sustainability indicators by four zones (normal, pre-crisis 1 (initial), pre-crisis 2 (developing), critical).
Results The paper reveals greater differentiation in the analyzed indicators at the regional level as compared to the municipal one, shows critical zones in public finance in terms of annual amount of debt repayment and service (over half of Russian subjects and about 1/3 of municipalities are in the critical zone) and leverage, including loans from the budget (14 subjects are in the critical zone). The analysis of consolidated budget deficit of the RF subjects for 2014–2015 shows the balance improvement in most regions.
Conclusions It is crucial to officially approve threshold values of indicators measuring the national security in the effective National Security Strategy, increase the transparency of analytical information on the results of State monitoring of the national security.
Khrapov V.E. Institute for Economic Problems n.a. G.P. Luzin, Kola Scientific Centre of RAS, Apatity, Murmansk Region, Russian Federation ( email@example.com )
Ivanov T.N. Murmansk Academy of Economics and Management, Murmansk, Russian Federation ( firstname.lastname@example.org )
Journal: Regional Economics: Theory and Practice, #43,
Importance Due to unfavorable investment conditions in the country, growing capital outflows and the national economy growth slowdown, the regional economic policy should rest on more accurate methods of identifying the most promising industrial complexes, which provide the greatest multiplicative effect for territorial development. The article considers the issues of developing the methods of quantitative measurement of spatial distribution of resources under the influence of an industrial complex functioning (on the case of a fishing complex of the seaside region).
Objectives The goal of the authors was to elaborate methods of quantitative evaluation of a fishing complex influence on spatial distribution of resources in the regional economy.
Methods Using the methods of economic-mathematical modeling, the authors analyzed the interaction of a fishing complex with related industries. In the course of the study, the authors applied the methodology of simulation modeling of economic processes and the methodology of structural analysis and design. The result of the study is a simulation model of operations of a fishing complex, which demonstrates quantitative relationship between the fishing industry and related industries. To develop the model, the authors have chosen the Simulink development environment on the basis of the Matlab platform as it has the highest degree of visual programming principle realization.
Results The authors concluded that a fishing industry complex creates a significant aggregate demand for businesses operating in related industries. This result is important for identifying the most promising sectors in terms of regional growth.
Conclusions and Relevance However, the model has a number of shortcomings and needs further elaboration.
Ivanov A.P. Russian Open Transport Academy of Moscow State University of Railway Engineering, Moscow, Russian Federation ( email@example.com )
Mikhalev A.S. OAO URALSIB, Moscow, Russian Federation ( firstname.lastname@example.org )
Journal: Financial Analytics: Science and Experience, #39,
Importance The problem of stability of credit institutions being a center of financial flows is particularly relevant for countries with developing economies.
Objectives The paper aims to study the relation of the credit policy focused on loans to individuals and the bank's stability.
Methods The study rests on analysis, synthesis, comparison and generalization methods.
Results We consider various approaches to the definition of banking stability. There is a need to assess the category together with the credit organization's balance sheet. We define a set of indicators characterizing the bank's balance sheet, and analyze changes in selected ratios when implementing the credit policy focused on lending to individuals. Banks, using a retail lending model, have a bigger share of past due loans, less share of loan portfolio reserve, and less liquidity in the balance sheet. They considerably use retail deposits, but alternative sources of funding, like corporate deposits, issued securities, interbank loans are underutilized. At the same time, retail credit institutions have longer-maturity liabilities due to higher yield; the latter neutralizes the lower ratio of liquid assets to total assets.
Conclusions If external factors are positive (no stress situations in the economy, growing demand for banking products), the retail lending model is more profitable. However, qualitative and structural characteristics of balance sheet are indicative of the lower degree of financial stability as compared to credit institutions with a more balanced portfolio in terms of the customer segment.
101 - 110 из 114
Отсортировано по релевантности | Сортировать по дате