"Актуальные задачи математического моделирования и информационных технологий", Материалы международной научно-практической конференции, 20-29 сентября 2017г.
In the paper technical efficiency of Russian plastic and rubber production firms in 2006–2010 is estimated by SFA. It is demonstrated that increasing firm size will cause increase in its efficiency and also there is increasing returns to scale in the sector. This result is robust for various specifications of the production function and SFA models. Autocorrelation of efficiency estimates is considered as a measure of their persistency.
Paper presents research findings devoted to technical efficiency of banks based on financial reports prepared in accordance with Russian accounting standards (RAS) and international financial reporting standards (IFRS). Key finding is that these estimates vary not only in absolute terms, but also across time and with respect to banks ranks.
In literarure there is no single answer to the question, whether the growth of imports in industry leads to decrease or to increase the technical efficiency: possible effect of different mechanisms. In this paper we estimate the stochastic production frontier using firm-level data for food industry in 2005–2011, taking into account a possible relationship between changes in imports and firm’s technical efficiency. We use the «Ruslana» (Bureau van Dijk) database, which contains financial information on companies in Russia. Our results show that in food industry technical efficiency is reducing while import share is increasing.
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.