The Working Paper examines the peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, bank owners, investors, top managers and other insiders. The Anglo-American concept of corporate governance, based on agency theory and implying outside investors’ control over banks through stock market, is found to bear limited relevance. We suggest some ways of overcoming the gap between formal institutions of governance and the real life.
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.
The efficiency of social reforms in different countries mostly depends on the extent to which they can be accepted by people. Moreover, even if the problems are similar, the reasons may differ, which can lead to fail in applying existing laws of one state to another one. Bribery, as shows the Corruption Perception Index, calculated by Transparency International, is a typical problem for developing countries – that also matches research (Levin & Satarov, 2000; Ilzetzki, 2010) concluding that corruption has roots in socialist regimes and that in recently established political stability instable economic situation leads to growth in crime. The main problem within the scope of this project is to identify the relation between corruption perception and level of trust in the society and to distinguish the differences in factors affecting these characteristics in post-soviet countries. The research discoveres that distrust matters a lot for the problem in Russia and suggests further examining European countries in order to explain the difference in trust.
In this article we describe a system allowing companies to organize an efficient inventory management with 40 suppliers of different products. The system consists of four modules, each of which can be improved: demand planning, inventory management, procurement planning and KPI reporting. Described system was implemented in a real company, specializing on perishable products totaling over 600 SKUs. The system helped the company to increase its turnover by 7% while keeping the same level of services.