When does innovation collaboration pay off? The role of relational learning and the timing of collaboration
Extant research argues that innovation collaboration (IC) has strong potential to create relational rents, but few scholars have investigated what capabilities can drive and enhance IC. This paper considers relational learning (RL) as a dynamic capability that strengthens IC and its contribution to firm performance through a better understanding of a firm's past collaboration and its future potential. By focusing on the timing of collaboration, the paper explains how IC is embedded in a firm's innovation activities by investigating the extent to which external partners are involved at various stages of the innovation process. The results of the study, which are based on a quantitative survey of 155 Russian firms, confirm the positive role of RL in innovation collaboration. They also highlight that the extent of the collaboration payoff varies according to its timing. The inclusion of the IC timing perspective indicates that firms should account for both the direct and indirect effects of RL on IC, and IC on firm performance when preparing for and managing their IC efforts with external partners.
Resume of the 17th April Scientific Conference on Economic and Social Development
This article is devoted to the analysis of the existence of target capital structure of insurance companies and empirical testing of wide known capital structure theories for Russian insurance companies. Trade-of and “pecking order” theories were consider and the model that reflects the impact on the capital structure indicators various characteristics of firms was build. Traditional for insurance markets coefficients: net premium / capital ratio and liabilities / active ratio were consider as capital structure indicators. It was showed that trade-of theory is more adequate for Russian insurance market. It was discovered the existence of target capital structure. Such indicators as firm size, the share of premiums transferred to reinsurance, return on assets, return on capital has significant impact on the capital structure. The opportunity to grow, which was estimated as growth in premiums, and the breadth of the range didn’t has significant impact.
The aim of the research is to conduct an empirical investigation and reveal what types of globalization and innovation strategies in turbulent and unfavorable regional institutional environment are most likely to be associated with different trajectories of Russian manufacturing firms’ performance in 2007- 2012. We employ the results of empirical survey of 1000 medium and large enterprises in manufacturing (2009) linked to financial data from Amadeus database and the data on the regional institutional environment. We test that (1) introduction of innovations before the crisis ceteris paribus helped the firms to successfully pass the crisis and recover. We expect that (2) companies that became globalized before the crisis (via importing of intermediate and capital goods; exporting; FDI; establishment of partner linkages with foreign firms) ceteris paribus are more likely to successfully pass the crisis and grow. And (3) propose the positive effect of synergy of innovation efforts and globalization strategy of the firm. We expect that the abovementioned factors are complimentary and reinforce the ability of the firm to recover after crisis shock. We found strong support for the hypothesis that firms financing introduction of new products before the crisis and simultaneously managed to promote and sell them on the global market were rewarded by quick return to the growing path after global crisis. Other strategies, i.e. solely innovations without exporting play insignificant role while exporting without attempts to introduce new products contribute even negatively to post-crisis recover. Institutional environment also matters: in the regions with less level of corruption firms were more likely to grow after the crisis
An experimental approach was created for the comparative investigation of the cognitive abilities of the glaucous-winged gull (Larus glaucescens) in their natural habitat. The territoriality of gulls during the breeding period and the fact that the gulls inhabiting the territory of the Komandorsky Reserve are practically not in fear of humans allowed us to work with individually recognized birds directly at their nest sites inside the colony. The possibility of using this approach to investigate their cognitive abilities was demonstrated on 24 gulls, in particular, to investigate their abilities for relative size generalization. The first experiment illustrated that the gulls are able to learn to discriminate two pairs of stimuli according to the feature: 'larger' or 'smaller'. They were then given a test to transfer the discriminative rule in which novel combinations of the same stimuli were used. The gulls successfully coped with only a few of these tests. In the next experiment the birds were taught to discriminate four pairs of similar stimuli. The majority of the birds coped with the tests to transfer the discriminative rule both to the novel combinations of familiar stimuli, and also to the novel stimuli of the familiar category (items of different colour and shape). However, none of the birds transferred the discriminative rule to stimuli of a novel category (sets differing by number of components). Thus, in their ability to generalize at a preconceptual level gulls are more comparable with pigeons, whereas large-brained birds (crows and parrots), are capable of concept formation.
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.
портовый менеджмент, показатели деятельности, анализ эффективности, система учета, распределение издержек, методы анализа деятельности портовой системы
At present many industries reveal tendency for setting up of vertically integrated companies (VIC) the structure of which unites all technological processes. This tendency proved its efficiency in oil industry where coordination of all successive stages of technological process, namely, oil prospecting and production -oil transportation - oil processing - oil chemistry - oil products and oil chemicals marketing, is necessary. The article considers specific features of introduction of "personnel management" module at enterprises of oil and gas industry.
vertically integrated companies; personnel management