The paper compares the possibility of saving and accumulation of funds by citizens of the Russian Federation through bank deposits, bonds and currencies. We present descriptive statistics on these conservative investment instruments (volume and profitability levels), regulative norms and the practice of taxation. Emphasis is placed on obtaining a comparison of the benefits of real income (taking into account the current Russian tax rules and practices of the tax regulation) and investment risks, which are defined as the risks of closing the investment position and liquidity risks. The paper raises the problem of identifying the causes of the weak participation of market investors in the domestic bond market (ruble bonds), which creates difficulties for companies to attract capital investment and reduces the choice of the citizens in the formation of the independent pension plans and provisions in case of loss of employment, health, etc.
This article is devotedto analysis of top management team heterogeneity of banks on the Russian market. Sample of the research consists of 178 banks, which represent well the Russian banking sector. Data about age, gender, education, and work experience of Executive Board members is collected from websites of banks. Team heterogeneity is analysed based on the coefficient of variance calculation. The research demonstrated that top management teams in banks are homogenous in terms of citizenship, lack of international work experience and duration of Executive Board membership. High heterogeneity is found out in functional work experience and education.
The paper substantiates a universal and simple marginal formula for guaranteed profit from improving the rating-scoring model underlying credit decisions. An example of the one-parameter family of Lorentz curve profiles (CAP-curve), which characterizes the discriminatory power of the rating, shows the range of applicability of the conservative estimate obtained. This area covers everything incoming parameters, that is most interesting from the point of view of practice - credit risk / profitability, the basic discriminatory capacity to be improved. The approach provides a reliable benchmark for making decisions about investing in improving the quality of the credit process and risk management in particular.
The issue of financing the power industry in recent time is one of the sharpest in the industry. The need for investment and new technologies of generation and transportation of electricity, the need to make electricity generation more environmentally friendly offers to attract a large number of funds into the sector. However, the access to investment capital will get only financially strong companies with well-organized management system. In this regard, the selection and use of methods of prediction of crisis developments in the electricity industry is one of the keys to a correct choice of object of investment.
The article describes existing models and techniques for analyzing and predicting the crisis state of enterprises of the power industry of the Russian Federation, and also the analysis of an example of the largest energy companies in order to determine their effectiveness in modern conditions of industry.
Article is devoted to realize the choice of the optimal capital structure and financing instruments for companies. The realization of the main activities of most real sector’s companies is capital intensive process, so there is an urgent need for external financing and increasing the investment attractiveness, which may be possible by optimization of the capital structure and the correct selection of appropriate sources of the finance.