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The Impact of R&D on the Financial Performance of Russian Oil and Gas Companies
Journal of Corporate Finance Research. 2025. Vol. 19. No. 4. P. 67–77.
The article explores the impact of the oil recovery factor on the financial performance of Russian vertically integrated oil companies. Special attention is given to hydraulic fracturing technologies (HFT) and rotary steerable systems (RSS), which are critical for enhancing oil extraction rates and oil recovery factor, particularly for hard-to-recover reserves (HTR). Sanctions have complicated access to these technologies, leading to a deterioration in the financial results of Russian oil companies in 2022-23. The study identified a decrease in revenue due to the restricted activities of foreign oilfield service companies and an increase in the discount on Urals crude oil. Using the financial model of Russia’s largest vertically integrated company, Rosneft, it was demonstrated that improving extraction efficiency through the adoption of technologies
can increase the company’s value by 8%. The analysis highlights that delayed technology replacement directly threatens production sustainability, especially for HTR reserves, which require advanced extraction methods. The study’s findings align with the resource-based view: effective management of technological resources is one of the key factors in the competitiveness of oil companies. Under the conditions of sanctions pressure, it remains necessary for Russian oil companies to reduce technological dependence.
Kravtsova M., Musaev A. U., Welzel C., / Series "SSRN Working Paper Series". 2026.
Elaborating on Welzel et al.'s "Cool Water Theory," our study zooms into the more limited (albeit still varied) framework conditions of Russia's huge territory. Within Russia's confines, we examine how the combination of moderately cool seasons with steady rain (i.e., Cool Water) affects sub-national areas' contemporary societal progress in two modernization indicators: material prosperity in ...
Added: June 3, 2026
Блохин А. А., Larionov A., Вестник Российской академии наук 2026 Т. 96 № 6 С. 564–574
The study confirms the importance of institutional factors in the formation of digital ecosystems. Their advantages for participants consist in the creation of a common environment with reduced transaction costs. Such an advantage is created by the dominant large business in it, organizing the ecosystem, based on its access to information arrays, a wide network ...
Added: June 3, 2026
Styrin E. M., Sanina A., Ataeva A. et al., Public administration and development 2026 P. 1–18
Digital public procurement is increasingly implemented through e-procurement platforms, yet evidence on the governance capabilities needed to deliver transparency, coordination and organisational learning remains limited outside high-capacity contexts. This article reframes public procurement as a socio-technical platform ecosystem and develops an ecosystem capability framework that links three tiers (government, platform operators and users) to three ...
Added: June 2, 2026
Shirokova G., Bystrov Arsenii, Tyutneva Anna, Foresight and STI Governance 2026 Vol. 20 No. 2 Article 31636
Small and medium-sized enterprises (SMEs) operate under conditions of chronic resource constraints, which makes it important to study strategies capable of transforming available resources into sustainable financial outcomes. One such strategy is entrepreneurial bricolage - the unconventional recombination of existing resources to address organizational challenges. This article examines the impact of bricolage on SME performance, ...
Added: June 2, 2026
Rincon C. J., Journal of Economic Studies 2026 P. 1–18
Purpose
This study assesses the impact of the European Central Bank's (ECB) Unconventional Monetary Policy (UMP) on economic growth via its effects on sovereign bond yields in the Eurozone. Unlike previous studies that focus on high-frequency data and short-term effects, this study provides evidence on the long-term effects of the ECB's asset purchases on key macroeconomic ...
Added: June 2, 2026
Biryukova A., Zasimova L. S., Вопросы статистики 2026 Т. 33 № 2 С. 40–57
The paper examines changes in the economic affordability of cigarettes in Russian regions in 2011–2023. Using fixed-effects models, it estimates the impact of prices, incomes, and tobacco affordability (the ratio of per capita income to cigarette price), on three indicators: retail sales of cigarettes per capita, adult population spending on tobacco products, and the share of these ...
Added: June 1, 2026
Saakyan T. V., Региональная экономика и управление: электронный научный журнал 2023 № 4 (76) Статья 41
The article is devoted to the analysis of conditions influencing the choice of the option of selecting the recipients of subsidies in order to provide them with state budget support. The results of the analysis of possible actions of subnational authorities and local governments in the transition to a new procedure for selecting recipients of ...
Added: June 1, 2026
Saakyan T. V., Финансовые рынки и банки 2024 № 4 С. 92–100
The publication presents the results of a study focusing on the legal foundations and practical aspects of state financial control in the Russian Federation. Particular attention is paid to the analysis of legal regulations governing control activities aimed at assessing compliance with the requirements of Russian legislation by participants in relations arising in the process ...
Added: June 1, 2026
Saakyan T. V., Финансовые рынки и банки 2024 № 8 С. 52–64
The article is devoted to the review of the development of legislative and regulatory legal acts in terms of gradual unification and standardization of legal regulation of the provision of state support in the form of subsidies and gradual transition to unified rules for the provision of subsidies and the procedure for selecting recipients. The ...
Added: June 1, 2026
Saakyan T. V., Тихонова А. С., ЧЕЛОВЕК. СОЦИУМ. ОБЩЕСТВО (Российская Федерация) 2024 № 11 С. 179–191
In accordance with Russian legislation in the field of real estate, the involvement of an independent evaluator is a prerequisite for determining the initial (minimum) price of the object of tendering for the right to conclude a lease contract. The current procedure for determining the rental value of real property does not ensure a proper ...
Added: June 1, 2026
Saakyan T. V., Ключников О. И., Ученые записки Международного банковского института 2024 № 2(48) С. 129–143
Subject: green finance as a new market-state mechanism for optimizing human interactions with nature. The purpose of the article: the study of the mechanism of market development and government regulation from the perspective of pricing features of green financial products.
Method: the study used contextual analysis as well as comparisons.
Results: in comparison with the available literature, ...
Added: June 1, 2026
Ключников И. К., Saakyan T. V., Ученые записки Международного банковского института 2024 № 4 С. 125–150
Subject. Subsidies as a fiscal instrument used to support socially significant industries, as well as to stabilize the level of domestic prices. The purpose of the study is to develop approaches to the theoretical and methodological substantiation of the principles for assessing the effectiveness of state subsidies to business entities.
Results. The possibility of using the ...
Added: June 1, 2026
Saakyan T. V., Финансовый журнал 2024 Т. 16 № 4 С. 24–40
The article considers approaches to regulatory and methodological support of tracking the results of research, development and technological works for civil purposes (R&D) funded with subsidies provided to legal entities from the federal budget, including grants in the form of subsidies for R&D from the federal budget to legal entities (except for state (municipal) institutions), ...
Added: June 1, 2026
СПб.: Издательство МБИ имени Анатолия Собчака, 2025.
Статья посвящена вопросам предоставления субсидий из федерального бюджета коммерческим организациям в условиях санкционных ограничений. Целью исследования является определение особенностей практики предоставления указанных субсидий в контексте процесса, направлений и объектов субсидирования. Результатом исследования является вывод о корректировке системы субсидирования коммерческих организаций, взаимосвязанной по целеполаганию, объемам и временному периоду с иными мерами стимулирования экономического роста в условиях ...
Added: June 1, 2026
Saakyan T. V., Кондратенко А. П., Финансовые рынки и банки 2025 № 10 С. 181–185
Эффективное использование бюджетных средств - ключевой аспект государственной финансовой политики, так как напрямую влияет на социально-экономическое развитие страны, обеспечивая баланс между государственными расходами и доходами. Одним из инструментов бюджетной политики является предоставление из федерального бюджета бюджетам субъектов РФ межбюджетных трансфертов в форме субсидий. Субсидии играют существенную роль в обеспечении сбалансированного развития субъектов РФ за счет ...
Added: June 1, 2026
Брянск: Брянский государственный инженерно-технологический университет, 2025.
В сборник включены научные труды преподавателей, аспирантов и магистрантов Брянского государственного инженерно-технологического университета. В статьях отражены результаты исследований концептуальных и прикладных аспектов социально-гуманитарных наук. Материалы сборника представляют интерес для преподавателей, аспирантов, магистрантов и студентов, а также инженерно-технического персонала различных предприятий, представителей бизнес-сообщества. ...
Added: June 1, 2026
Saakyan T. V., Барабанова Ю. В., Финансовые рынки и банки 2025 № 11 С. 147–151
The right to grant subsidies to commercial organizations from the budgets of the Russian budgetary system was established as early as the first version of the Budget Code of the Russian Federation. Simultaneously with the enactment of this right, questions arose regarding its implementation, the scope of which has evolved through various stages of the ...
Added: June 1, 2026
Saakyan T. V., Ключников И. К., Финансовые рынки и банки 2025 № 5 С. 244–254
In the conditions of increased uncertainty and change of the economic development model, the importance of effective financial assistance to the economy increases. The article considers the essence and purpose of subsidies in the system of economic relations, as well as key features of attitudes towards subsidies of various economic schools. The idea of full ...
Added: June 1, 2026
Ключников И. К., Saakyan T. V., Финансовый журнал 2025 Т. 17 № 1 С. 74–91
Subject. Rationality and efficiency of budgeting state subsidies to business entities. Objectives. To develop a science-based system for assessing the rationality and effectiveness of the process of state subsidization of business entities. Results. The interrelation of rationality and efficiency of the process of budgeting subsidies to business entities is substantiated. Determination of the logic of ...
Added: June 1, 2026
Синяков А. А., Зверева В., Шелованова Т. И., / Центральный банк Российской Федерации. Серия 132 / 2024 "Серия докладов об экономических исследованиях". 2024. № 132.
At the end of 2023, Russia updated its Strategy for Improving Financial Literacy and Developing Financial Culture Until 2030. Unlike the previous strategy, the current strategic goals include not only financial literacy but also financial culture. ‘Culture’ is normative and socially preferred behaviour. The updated strategy brings into focus the relationship between financial literacy and responsible financial behaviour. To explore this relationship, the authors rely on data from the All-Russian Survey of Consumer Finance (2020 and 2022). Socially ...
Added: June 1, 2026
Vorchik A., / SSRN. Серия Social Science Research Network "Social Science Research Network". 2026.
This work is devoted to a theoretical explanation of the Easterlin paradox, according to which long-term economic growth does not make average level of people's happiness increasing. By happiness, we mean the intensity of emotions people experience while comparing their new income with its expected value, or the target income with its original value. In the first case, ...
Added: May 31, 2026
Plotnikov S., Kruglov M., Smetanin I. et al., , in: Proceedings of the 2025 7th International Youth Conference on Radio Electronics, Electrical and Power Engineering (REEPE).: United States of America: IEEE, 2025.
The paper is devoted to the analysis of calibration and measurement capabilities of Russia, which ranks second among the participants of the metric convention according to the International Bureau of Weights and Measures. The main attention is paid to the modern State Primary Standards, which realize the units of measurement based on fundamental physical constants. ...
Added: May 28, 2026
Gokhberg L., Streltsova E., Bocharov M. et al., М.: Институт статистических исследований и экономики знаний НИУ ВШЭ, 2026.
Статистический сборник продолжает серию публикаций, посвященных различным аспектам развития науки в Российской Федерации. Открывают сборник таблицы с основными показателями науки и технологий, инновационной деятельности, в которых впервые представлены сводные оценки, учитывающие деятельность всего сектора исследований и разработок, включая малые предприятия. Приводятся статистические данные об организациях, выполнявших исследования и разработки, кадрах и финансировании науки, ее материально-технической ...
Added: May 8, 2026
Okulova O., Shakina E., Экономика. Право. Инновации 2025 Т. 13 № 3 С. 4–16
За последнее десятилетие проблема инновационного развития стала значимой для рынка высшего образования. Вузы стремятся к внедрению различных форм организационных инноваций для формирования устойчивой позиции на национальном и международном рынках. Исследователями отмечается значимость анализа мирового опыта инструментов развития инновационного потенциала и необходимость изучения их влияния на способность реагировать на изменения во внешней среде. Важным элементом устойчивого ...
Added: October 7, 2025