Механизмы решения агентской проблемы в российской экономике
The impact of certain norms of anti-monopoly legislation on the comparative costs of intraand inter-firm transactions of Russian companies is investigated. It is shown that some changes in the Russian anti-trust legislation over the past four years, lead to lowering the cost of the business organization (the rules mergers), some have ambiguous (criminal liability for abuse of dominance) and some (illegality of vertical restraints, concerted actions and monopolistically high prices) unfavorable impacts on the development of the Russian company model. In some cases, stricter anti-trust legislation, creating a basis for I and II error types, can not only initiate but directly impedes competition.
Agency problem, or the problem “principal - agent”, related with the connection between owners and managers, creditors, have being studying for a long time. In the article author analyses theoretical and practical aspects of this problem in the Russian economy.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.