Оценка эффективности декларирования корпоративных ценностей в российском банковском секторе
In this article the influence of publicly declarative values on the performance of top fifty banks in Russia is analyzed. For determination of correlations an index of corporate values (CV-Index) is calculated as well as relationship between this index and financial indicators of banks are examined in SPSS program. In order to calculate CV-Index the detailed research of banks’ websites, codes of ethics and corporate behavior is conducted. All the defined corporate values are categorized into seventeen groups. The research has confirmed a statistically significant correlation between CV-Index and net profit of banks.
Increased attention and focus has been laid on the strategic importance of intellectual capital for modern management. However, intangible resources appear difficult to measure. Today, there are several methods, both financial and nonfinancial ones that allow managing them, to provide benchmarking and analyze its value added function (Sveiby, 2007). The rare investigations of intellectual capital in Russian enterprises show that “Almost in all industries it is still more profitable to invest in tangible assets rather than in intangible ones” (Volkov, Garanina, 2007). Still, some investigations on the micro level show that there are enterprises with high level of technological capital and innovative activity. The researchers called them “innovative leaders” and empirically proved that they have high labour productivity and are awarded by market through extra profit (Gonchar et al., 2010). Using the research sample and Pulic’s Value Added Intellectual Coefficient (VAIC™) the authors investigate empirically the dynamics and structure of VAIC, and study the relation between the intellectual capital and indicators of organizational performance, such as labour productivity, sales growth and profitability. Additionally, the VAIC™ model allows analysing the role of human, structural and physical capital. This paper outlines the study based on 350 Russian industrial enterprises’ annual statistical and account reports from 2005 through 2007. Besides, the authors adopt the VAIC calculation according to the Russian accounting system’s specifications and limitations. The findings support the hypothesis that a company’s intellectual capital influences favourably the organizational performance, and may indicate future competitiveness. A proof showing that the explanatory power of models is higher when considering the additional variables such as investment in fixed capital, R&D expenditures and a company’s size is represented. The results extend the understanding of the intellectual capital role in creation of sustainable advantages for companies in developing economies where different technological advancements may bring different implications for organizational value creation efficiency.
In this article corporate social responsibility (CSR) of banks on the Russian market is considered. Empirical studies of different countries have proved the influence of CSR on organizational performance of business organizations. Based on the analysis of Russian publications it can be concluded that there is a great interest to the problems of corporate social responsibility from scientific and business communities. However, there is a lack of research studying the relationship between CSR and financial performance of Russian companies, especially in the field of a specific industry. In order to fill the determined gap the research on correlation between CSR and financial indicators of Russian banks was conducted. The choice of the object of the research is not casual and is related to the high importance of banking sector for the economy of any country.
The current research has confirmed that CSR is one of the key corporate values in Russian banking industry. An analysis of official websites of banks, codes of ethics and corporate behavior has demonstrated the main projects in the sphere of corporate social responsibility. For studying the relationship between CSR and organizational performance in banking industry correlations were examined in SPSS program. The research has not found statistically significant correlations between corporate social responsibility and organizational performance of banks.
This article offers a critical review of the concept of "shared value" proposed in 2011 by M. Porter and M. Kramer. This concept is an important element of corporate strategy development. The idea of the approach is that the business builds its commercial and social priorities, and because of this, it can develop a more balanced way. However, this concept is not indisputable, and contains a number of difficulties in understanding and implementation.
Nowadays business organizations pay more attention to human resources management. HR departments are more involved in development and implementation of HR strategy. Because of change of HR department role the need in its evaluation is increasing. The actual problem of research in this sphere is to study how HR department assessment influences performance of business organizations. Based on the analysis of international literature several empirical studies devoted to HR department assessment and performance of companies were determined. At the same time this topic is not studied yet in Russian environment. The objective of this paper is to study international research devoted to HR department assessment and its influence on performance of business organizations and analyze Russian specificity. An analysis of international research demonstrates the existence of positive correlation between HR department assessment and performance of companies. In order to study Russian environment the data of business organizations of different industries was collected. Then it was analyzed by statistical computer program SPSS. The research conducted in Russian business organizations has not provided with the evidence of correlation between HR department assessment and performance of business organizations.