Экспорт продукции военного назначения: использование метолов и подходов поведенческих финансов в маркетинге и продвижении
The article presents the results of a survey of the Russian fast-growing innovative companies participating in the national rating “Techuspekh” (rating ‘TechUp’). As a part of the study, we 81 surveyed companies and interviewed the company’s ten executives. The aim of the researchers was an analysis of the development of export companies and solving their organisational and management problems. More than half of the companies consider the domestic market as a priority. However, despite this, three-quarters of firms operate in foreign markets. The share of exports in revenue is still small and averages 10 per cent. It seems that companies are more likely to probe foreign markets. Financial terms of supply, organisation of after-sales service, advertising and work with the brand remain the weak side of exporting companies. The main directions of organisational and managerial changes in these companies over the past three years were: scaling of production capacity, digitalisation of business, development of HR-system and development of work with consumers. Among the main organisational problems to be solved in the future, the companies mentioned the weak development of sales in foreign markets, the problems of stimulating and motivating staff, and the lack of efficiency of existing business processes. At the same time, many of the surveyed managers do not pay enough attention to the systematic work on the analysis of changes in the organisational and managerial environment of the company and the planning of measures to improve it.
The article presents the results of foreign trade block modelling, as an integrated part of the Input-Output tool, including sub-blocks with calculations of imports and exports. Factor demand functions for imports are described, as well as demand functions for Russian non-energy exports. Method of transition from export forecast estimates compiled in groups of customs classifier to national commodity classifier is described.
The article addresses the main issues hindering adaptation of Russian business to the terms and standards of the World Trade Organization in the framework of international economic integration. The author outlines the main areas of cooperation between business and government, as well as proposes some of the methods for the adaptation of Russian business in the framework of Russia’s accession to the WTO and entering the international trade space. The close relationship between the processes of international economic integration and adaptation of Russian business to the standards and norms of the World Trade Organization is emphasized.
We examine the transformation of export (import) commodity structure for 77 countries from 2001 to 2015 and consider the links between changes in the extent of export (import) diversification and the share of intra-industry trade, accounting for countries’ size (PPP GDP) and per capita income (per capita PPP GDP). We apply Theil index to assess the extent of international trade diversification, while the share of intra-industry trade is calculated using Grubel-Lloyd index. The importance of the between and the within components of Theil index for the case of export and import concentration is compared for the first time in the literature. We find that the within component makes the largest contribution to the change in the extent of export and, especially, import diversification, while the between component is important only for a limited number of countries (oil exporters, some developed countries). Our results show that rapid changes in the share of intra-industry trade over the period were experienced only in countries with the high contribution of the within component in the Theil index. We also demonstrate that countries’ size or per capita income only partially impact the nature of structural transformation: on the one hand, export and import bundle for developing countries tends to diversify, while it is more likely to concentrate for developed countries; on the other hand, the share of the within component in the Theil index is virtually not affected by size and per capita income.
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.
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.