Плюсы и минусы государственного участия в капитале компаний
At the moment in Russia a policy of privatization of companies with the state participation in the share capital is being conducted; the results of this study will help to make predictions about the dynamics of performance of privatized companies
The main goal of the research is to study the impact of state participation in the share capital on performance of the company. The study showed that state participation in the capital negatively affects to the companies' performance. However, in this work an interesting result that enterprises of a natural monopoly receive the net profit more than other companies was obtained.
Analysis of innovative activity of businesses, particularly those in the transport sphere, in the Russian Federation is provided, based on the OECD data. Company size, level of monopoly power and industryspecific characteristics were used as factors to determine innovative activity. All factors point at low level of R&D spending by Russian businesses, including those in the transport industry. Natural transport monopolies are significantly behind the world's largest companies in R&D. Lack of innovative management system in businesses is the chief barrier to innovative activity.
The book is devoted to consideration in a popular form of evolution of one of the most debatable creations of the Western European metaphysics - the ontological argument better known as the ontological argument of evidence for God's existence. The ontological argument is a logical nonsense for classical the subject - object relation; it becomes the natural phenomenon in the reflexive systems including cognitive activity of the subject as an element of the functioning and existence. The concept of classical and non-classical arguments has allowed the author to analyze argument development as process of formation of the reflexive methodology in the course of the Western philosophy development. From the standpoint of the received results, the methodological problems of economic science related to the alienation and also the reflexive paradoxes encountered within sociology of knowledge are analyzed in the last part of the book. The book is primarily addressed to specialists in the field history of philosophy and methodology of social knowledge, philosophy and sociology of religion, and also to all who are interested in fundamental questions of classical metaphysics.
Monograph by S. Khasyanova «Upgrading Banking Regulation and Supervision in Russia in the line with International Standards» is devoted to the study of the development of banking regulation and supervision in Russia on the basis of international principles and standards. The process of implementation of international principles and standards of banking regulation in the Russian Federation and the following consequences are analyzed in the context of financial stability. Particular attention is paid to macroeconomic regulation and development of prudential regulations and requirements for banks, taking into account banking sector peculiarities. The regulation of systemic risk, identification of systemically important banks and applied to them a particular regulatory regime were investigated. The Deposit Insurance System and its role in enhancing the stability of banks as well as its directions of improvement are also considered in the study. The book is intended for professionals in the field of finance and banking, teachers and students of universities’ economic and financial departments.
The research is devoted to the analysis of reasons and risks of use of the essential facilities doctrine in Russian antitrust policy. Basing on the comparative analysis of the US and European experience it is shown that the results of the doctrine application depend very much on the legal system. According to the considered cases Russian experience of following the principles of the Doctrine in antitrust cases against natural monopolies is quite successful. However, the efficiency of the instrument becomes questionable when it is used outside of the infrastructure sectors due to the high probability of errors of law enforcement.
The article analyzes trends in fixed assets formation and fixed investment in Russia’s transition economy. It is shown that the official Rosstat approach to measuring fixed assets and fixed investment may substantially understate fixed assets renovation and replacement rates. The depth of the decline in investment spending during the transition period might therefore be substantially overstated. This bias may be explained by severe difficulties in measuring price and capital replacement trends in first years of transition. Alternative estimates of physical volume indexes of fixed assets and investment in fixed capital by fifteen main industrial sectors and branches during 1991−2003 are derived and industry-specific investment and fixed assets trends are discussed. These alternative fixed asset and investment estimates suggest that conventional views on investment and capital stock trends in the Russian economy need to be revised.
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.