Acceptance of New Technologies by Employees in Financial Industry
Banks now are facing strong competition from both technological giants and small fintech startups. Under these conditions, banks also have started to implement disruptive technologies in their day-to-day operations. However, in some cases huge investments in different technological systems do not lead to the increase in company performance due to the resistance of employees. In this paper, we focus on both internal and external factors that may influence employees’ labor productivity and performance of the whole company. The sample includes 148 employees with education in banking and finance. The model was estimated based on Partial Least Squares Structural Equation Modelling (PLS SEM). It was shown that both motivation to use disruptive technologies and digital skills have a strong impact of labor productivity, while both labor productivity and organisational support positively contribute to the improvement of company performance that is based on usage of new technologies.
In the article on the materials of the author's research, the question of the attitude of small business employers to the health of their employees was considered and a conclusion was drawn that the lack of employers' desire to preserve this resource creates prerequisites for the growth of disability of workers in this sector of the economy
Because it continually implements entrepreneurial creativity and innovative business models, the economic landscape is ever-changing in today’s globalized world. As consumers become more willing to accept new strategic trends, this has led to the emergence of disruptive technologies. Since this equipment has an insufficient amount of information and high risks, it is necessary to assess the potential of disruptive technologies in the commercial environment.
Impact of Disruptive Technologies on the Sharing Economy provides emerging research exploring the theoretical and practical aspects of disruptive technologies and knowledge-based entrepreneurial efforts and applications within management, business, and economics. Featuring coverage on a broad range of topics such as consumer ethics, corporate governance, and insurance issues, this book is ideally designed for IT specialists, IT consultants, software developers, computer engineers, managers, executives, managing directors, students, professors, scientists, professionals, industry practitioners, academicians, and researchers seeking current research on the consequences of disruptive technologies.
Though there is a perception among managers that corporate social responsibility (CSR) is an important part of today business activity and it positively influences the organizational performance, several research conducted in 1970-2010s did not find any correlation or even found a negative one. In order to analyze the relationship between CSR and organizational performance of business organizations in Russia, the research among Russian banks was conducted. The sample of the research consists of fifty largest banks. The data on organizational performance, including total assets, return on assets and equity, earnings per share, and growth indexes was collected in annual reports of the 2011 year of banks. Information about corporate social responsibility was gathered in social reports, codes of ethics, and on websites of banks. The research demonstrates that the majority of banks in Russia are involved in CSR projects, but it did not find statistically significant correlation between corporate social responsibility and organizational performance of banks.
In recent years more and more participants of the retail segment of the banking sector of Russia are launching platform-based value chains along with traditional linear value chains. As a result, business organizations are transforming into a complex system within which customers, banks and retail chains enter into business relations with each other as well as the platform itself, the owner of which is one of the participants of this interaction. A new kind of value exchange is the result of this which has become possible due to the existence of the platform. Platforms complement and compete with linear value chains in order to attract customers. In this article a comparison of these two types of value chains is presented using the example of purchasing goods by installments in Russia, their peculiar workings are also distinguished.
The purpose of this paper is to assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. We distinguish between banks that are majority-owned by federal executive authorities or Central Bank of Russia, by sub-federal (regional and municipal) authorities, by state-owned enterprises and banks, and by "state corporations". We estimate their combined market share to have reached 56% of total assets by July 1, 2009. Banks indirectly owned by public capital are the fastest-growing group. Concentration is increasing within the public sector of the industry, with the top five state-controlled banking groups in possession of over 49% of assets. We observe a crowding out and erosion of domestic private capital, whose market share is shrinking from year to year. Several of the largest state-owned banks now constitute a de facto intermediate tier at the core of the banking system. We argue that the direction of ownership change in Russian banking is different from that in CEE countries.
The paper analyses prerequisites for development of the transnational financial regulator for Eurasian Economic Union (EAEU). It reviews theoretical researches on integration of financial regulators. The EU’s integrated financial regulative practices are introduced as a possible exemplary pattern. EAEU formation is treated within its historical context, and with its allowances for robust integrated financial regulation. Policy recommendations for transnational financial regulations are proposed in the light of the member countries specifics.
In the article the concept of precariousness in labor relations is being developed. Presented a review of sociological theory that studies the precariousness of work and employment. On the materials of the two databases, 22 waves of the Russian Longitudinal Monitoring Survey and research of the behavior of employees of small and medium businesses in Nizhny Novgorod labor market was identified the development of precarious labor relations. It is noted the tense economic situation of the analyzed group, reducing the value of the work to the level of wages, willingness to change jobs even in case of small increases in pay. Was fixed a significant proportion of workers who experience anxiety regarding the possible loss of a job, lack of sense of stability and confidence in the near future of the majority of employees in small and medium business. However, the majority consider their situation as more or less satisfactory, close to the average in the background of their own environment.
This study guide on Business English is for the students of non-linguistic departments who study Business English. Structurally this study guide consists of several sections including a text on a given topic, a series of pre- and after-reading tasks, and also a range of vocabulary and grammar exercises. This book helps students work on the topic more profoundly either in class or all by themselves. Besides, It can be also useful to those studying Business English
The purpose of this paper is to carefully assess the size of public sector within the Russian banking industry. We identify and classify at least 78 state-influenced banks. For the state-owned banks, we distinguish between those that are majority-owned by federal executive authorities or Central Bank of Russia, by sub-federal (regional and municipal) authorities, by state-owned enterprises and banks, and by "state corporations". We estimate their combined market share to have reached 56% of total assets by July 1, 2009. Banks indirectly owned by public capital are the fastest-growing group. Concentration is increasing within the public sector of the industry, with the top five state-controlled banking groups in possession of over 49% of assets. We observe a crowding out and erosion of domestic private capital, whose market share is shrinking from year to year. Several of the largest state-owned banks now constitute a de facto intermediate tier at the core of the banking system. We argue that the direction of ownership change in Russian banking is different from that in CEE countries.