According to the author, there is no cause to think that the state's interference into economic life is something positive in its origin. The question is in aims that authorities set before the citizens and the levels of real responsibility of authorities for achievement of these goals. If the state is responsible, the citizens are able to set the limits of influence.
The article examines Path Dependence Theory. Exacerbation of dualism of the Russian economy and aggravation of conditions for entrepreneurship are analyzed. The article is also concerned with strengthening of power-property and tendencies of modifi cation of Russian elective institutions.
In the collection proceedings of XI scientific-practical conference @Management of Small and Medium Business^ Re-engineering@ are represented.
Agenda: 1.Introduction to Controlling in Small and Medium Sized Enterprises 2.Financial aspects: Profit and Cash Flow 3.Non-financialAspects in Controlling 4.Setting the right Selling Price 1.Product Calculation 2.Target Costing
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.