The focus is on how to reconstruct the allocation system of local budget funds by taking into account new legislation requirements. Basic approaches are outlined to constructing a maximum efficient system for placement of municipal order.
The article discusses the factors contributing to collusion in public procurement, with a particular focus on the Russian Federation. It says that the problem of detecting collusion in public procurements is largely determined by institutional features of the environment that promote coordination of participant buying procedures. In the course of the discussion, the paper notes the characteristics of the market structure that affect the likelihood of collusion. It goes on to unveil related problem areas including perennial barriers, stability of market shares, frequency of interaction, market demands, ability to exchange information, product differentiation, and asymmetry of the participants. Subsequently, the critique identifies the risk factors tor collusion in the Russian market, basing its conclusions on empirical data about the municipal order of petroleum assets in that country. In its in-depth analysis the blueprint assesses the characteristics and level of competition among bidders in several Russian regions. Finally the document recommends several measures designed to prevent collusion from flourishing in public procurement systems. These include transforming state- and municipal-level contracts so they become less susceptible to potential efforts of collusion.
The purpose of this article is to present an approach to systemic liquidity management of the company. In order to achieve this purpose, a systematic literature review was conducted in the field of methods and indicators of the company's liquidity assessment, financial consequences of poor liquidity management, and sources of liquidity risk. The authors presented patterns of liquidity management that reflect the requirements of the relationship between strategic and current financial management, the interaction of liquidity risk and profitability as the core of added value creation, as well as the tools for their implementation. The econometric toolkit was aimed at identifying threshold points in the joint dynamics of liquidity and profitability with the identification of ranges of positive and negative nature of their interaction. A possible direction for future research in this field is the use of comprehensive approach to the study of liquidity management in order to understand which combination of tactic and strategic action enables liquidity management to be expedient for the company.
The article introduces a methodology which has been developed to sustain an enterprise's organizational culture and its potential to regulate various aspects of organizational life. Organizational culture, the paper posits, is a basic organizational construct, which forms a distinct social discourse of a production company. In the document's view, it combines the effect of the institution's functional and social cultures, respectively, aiming to minimize the existence of intra-organizational transaction costs and of extra-organizational interactions with the entity (for the most part, due to the employees' high variability and their low predictability). Functional culture, by contrast, is focused on the creation and maintenance of a system of mandated behavioral activities that tend to contribute to a pattern of behavior with a focus on the company's strategic objectives. Social culture, a third division noted by the review, embraces the activity-relational aspect of organizational culture. It regulates the ratio of employees to the requisites defined by their professional activities, and provides rules that are not directly related to the operation of the organization. According to the blueprint, the development of any important company is characterized by functional and social cultural consistency in values and norms, offering evidence of meaningful coherence. The critique deals with a situation of real and notional content coherence, and proposes a method of value assessment. Its technique is based on the collection and analysis of opinions by the entity's employees, dealing with the nature of their labor and social behavior. The study also identifies the results' statistical objectivity in phases such as data collection and processing.
The article has provided several methodological ap- proaches (MAs) for profiling international-border-divided cities. The critique aims, in the course of the discussion, to systemize the process of describing these cities' key characteristics. The review would do so by defining the term “a profile of border-divided cities” and by clas- sifying indicators it includes. With respect to the MAs, the approaches would interpret their important aspects (strengths, weaknesses, and areas of use). Subsequently, the report details five MAs: criticizing-supporting types; comparing-contrasting variants; sectoral-panoramic sorts; contextual-discrete versions (related to environ- ment); chronological-futurological kinds (focused on the past or on the future) and their mixed types. As an example of the latter, the document points to the border municipalities of Narva (Estonia) and Ivangorod (the Russian Federation).