Финансовые измерения корпоративных стратегий. Стейкхолдерский подход
Article represents the results of the research of practical approaches to corporate social responsibility programs (CSR) management in Russian sustainable development oriented companies. Some features of CSR as a management tool were described according to modern Russian business conditions. Author suggests the model of mechanisms of corporate social responsibility programs management for sustainable development oriented companies.
Foresight has become an ‘institutional’ activity as more emphasis has been given to the active participation of stakeholders to shape the future of society. As a key element of Foresight, participation improves the quality of Foresight exercises through the engagement of both scientific and non-scientific knowledge, and stakeholder values and preferences. The overall aim of this chapter is to strengthen the Foresight literature with novel concepts and ideas, which are rooted in the participation literature. This will assist Foresight researchers and practitioners understand various rationales of participation and to determine the type and extent of participation that is desirable for different types of Foresight exercises.
In this article the influence of publicly declarative values on the performance of top fifty banks in Russia is analyzed. For determination of correlations an index of corporate values (CV-Index) is calculated as well as relationship between this index and financial indicators of banks are examined in SPSS program. In order to calculate CV-Index the detailed research of banks’ websites, codes of ethics and corporate behavior is conducted. All the defined corporate values are categorized into seventeen groups. The research has confirmed a statistically significant correlation between CV-Index and net profit of banks.
Socially-oriented projects require specific stakeholder approach for social impact (SROI) evaluation. In this article we attempt to identify groups of stakeholders interested in getting information concerning social impact of the project. We also offer classification of stakeholders with reasons to include or exclude a particular group from different steps of SROI analisys. Practical aspects of this approach are illustrated by the example of the “Separate collection” ecological movement.
When writing this tutorial, the contributions received by the authors with the assistance of the NTF - National Training Fund subproject "Creating a center of excellence for economics teachers ' Innovation Project Development of education and work , received diplomas Russian competitions intellectual projects " Ideas for Russia " ( 2004) and "Power" (2008 , the Public Chamber of the Russian Federation ) . The manual is intended for students and undergraduates enrolled in the direction of "Economics" and "Management" , and may also be useful to managers and professionals , both financial and non-financial corporations.
This paper presents an analysis of the UK Technology Foresight Exercise from the Dialogue, Vision and Dissemination perspectives. Participation and dialogue-based visioning and policy making process was one of the key components of the Foresight exercise, which aimed at involving stakeholders to set priorities in the UK science base and industry. In this way, the stakeholders were given the opportunity to shape the S&T policies and strategies. The exercise helped in a great deal to the establishment of better links between the Government funded S&T and industry in a collective visioning process.
The paper analyzes the general tendencies and the main problems that arise when corporative structures implement their own strategies. Considering the peculiarity of the Russian economy, almost all large corporations are functioning under extremely tough market conditions. They have to adapt their organizational structure so as to be able to follow a chosen strategy. Awareness of the main problems, which are often common for all large companies, is essential for structural adaptation.
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.