Company capitalization has become a household name nowadays. Presently most successful companies find ways to weigh their operations on the enterprise value model. Though the government level uses quite a different system of axes to measure the efficiency of regional development. Till recently one could consider it fashionable to discuss GDP doubling challenge in Russia. Today this topic appears to be less vital but the more important issue is that gross accounting parameters, while poorly adapted for the strategic planning purposes, are still widely used on the macro management level. So methods built on the basis of such criteria are scarcely adjusted to analyze the efficiency of varieties of scarce recourses allocation. Correspondingly they can't be adequately employed to search optimal ways to realize the regional economic potential. Few experts would argue the doctrine that the concept of business cost is a more adequate strategic management measure than book profit.. We claim that Value-Based Management concept (VBM) which proved to be effective in the private sector can be adjusted to solve the relevant managerial problems on the regional level.
The article considers the uniform account of budget in the Russian Federation, opened for the Federal Treasury Office. On the basis of analysis of the mechanism of functioning of the uniform account the author shows its importance for effectuation of budgetary process.
Key words: budget, execution of budget, Federal Treasury Office, uniform account of budget, cash servicing of execution of budget.
Organizing and regulating influence of public authorities on the activity of the population of the region, in order to streamline and reproduce, based on their power force.
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.
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.