Can one state that perfect competition in a market of a service always favor this service quality increase? No, it’s not always like that, and many examples from real life show that. First of all, consumers should be concerned about the quality. Second, they have to be able to use certain measures against low quality services (for example, they should be ably to apply to a court and with a high probability get a refund big enough to scare producers). This article shows that otherwise no any control really exists. So in case that low quality of a service leads to deaths or injures, government has to take the control functions (to compensate its inability to provide court functions). If this is also impossible or too costly (for instance, the number of the quality criteria is too big, and there is a high possibility of regulator’s corruptive behavior), the service market should not be fully and only private.
To show this, we used the examples of several markets in Russia as well as abroad. The special attention was paid to the market of suburb transport in Perm region.
Theorists and practical men discussed about the nature of amortization in Russia at the turn of the 19—20 centuries. The formation of the accounting of amortization in Russia is considered in the article in the framework of this discussion.
The article considers transformation of bank business model being results of macroeconomic and regulative system changes for identifying bank sector possible risks. Analysis was carried out on base of commercial banks official public reporting for 2014-2018 reporting period. The research found out availability of Russian bank business model transformation containing increasing of interbank lending operation and part of bonds operation in its balances. It is defined that increasing this assets part is accompanied by a risks rising scale as past due balances as for separate banks and the whole bank sector. Systematically important banks were defined as being a subject to risk of loosing financial soundness due to its business model transformation.
Currently, companies actively support the application of the concept of corporate social responsibility (CSR), but are guided by different values and expectations. The increased number of CSR reports published has given rise to discussions about the motivation of managers behind their publication, as well as the veracity of the information presented in these reports. Understanding the determinants of corporate governance associated with obtaining an independent assessment of reporting can affect the further dissemination of standards for non-financial reporting and the development of services provided by consulting and auditing companies. The paper reveals the dependence of the decision to evaluate the CSR report by third parties and compliance with GRI standards on corporate governance factors.
The article presents a model of behavior of consumer, choosing between two alternative ways of financing the purchase of housing: a traditional mortgage loan and a building savings cooperative. The factors that shape consumer preferences and affect its budget constraint are analyzed. The conditions under which a rational consumer will choose to join a savings and construction cooperative instead of buying a home on credit are shown.
In this paper we undertake an assessment of the rapidly growing body of research on financial literacy by Russian authors, published in the period from 2008 to 2018. The articles are systematized for journals and professional status of authors. Systematic an overview of theoretical and empirical research on financial literacy is presents. The thematic analysis of articles with the highest citation indexes trends helped to identify the general directions for future research on financial literacy in Russia.
What hide and what can tell changeable municipal budgets? Subject of this research is variability of budgets of large 26 Russian capital cities of regions of Russia from seven federal districts in 2010-2012. Variability of the budget is understood as a divergence in the volume and structure of the expenses recorded in the report on budget performance and originally voted budget. For an assessment of variability the general and structural coefficients of variability are calculated. Items of expenditure which are more and often more than others are revealed grow in the course of budget performance are analyzed. The expenses occupying the greatest specific weight in total amount of the actual and planned costs are revealed. The criterion of "real budgetary priorities" in the studied cities is defined.