Прогнозирование банкротства российских компаний: межотраслевое сравнение.
There co-exist several problems when measuring the level of competitiveness. The major one is that it represents an integral indicator of the enterprise performance. The indicator has something in common with the notion of the utility function used in economics. The latter one stamps a numerical equivalent of the utility associated by an individual from the consumption (or possession) of certain goods. Nevertheless, it stays an implicit (non-observable) function.
In the current climate of sanctions imposed against Russia by several countries in 2014, special attention should be given to high-tech sectors of the economy as a key source of import substitution on the domestic market. One of the important policy measures is to support the development of high-tech, specialized clusters by forming new linkages and strengthening existing ones between small and medium-sized businesses, large enterprises, and research organizations. The starting point for an effective cluster policy is to define areas with high potential for clustering of these industries. The paper presents an original method to identify potential clusters and tests the method on Russian regions. We show that most of the state-supported pilot innovative territorial clusters are being developed in regions and sectors that have a high level of cluster potential. A typology of existing clusters depends on the index of clustering potential. We identified regions that have similar or comparatively favourable conditions for creating clusters in the pilot sectors.
The Bill on amendments to Part II of the Civil Code of the Russian Federation consists of legislation provisions on a new limited interest in land - a right to development. The principal difference between the new model of development and the right to development concept in Russian and foreign treaties and the Concept of civil legislation development is pointed out in the article. Hence, a comparative analysis of the notion, provisions on the right to development entitlement and the correspondence between the right to development and the right to building is conducted by the author. The problems which can rise during the practical realization of the aforementioned model of the right to development are highlighted in the article.
This book contains the materials of the International conferencs on the problem of Economics, Engeneering and Construction.
There is a sharp contradiction between public policies to support SMEs and features of Russian national SMEs. Using western experience in Russia, doing some bright projects to stimulate small businesses was important twenty years ago. Quantitative and qualitative parameters of SMEs in Russia lag behind most countries, largely due to the structure of its economy with the traditional dominance of large enterprises
and the prevailing business climate. Small and medium-sized business in Russia is not innovative, does not perform antitrust function and does not create many
jobs. Small and medium-sized business generates a positive competitive environment. But the importance of SMEs in Russia should not be exaggerated. The scale of subcontracting and franchising with independent small businesses in our country is extremely small. It happened so that the Russian economic policy and the leading part of the national political establishment were in a subordinate position in relation to the interests of a narrow circle of large businesses, mainly engaged in production and export of the most important natural resources. Manufacturing, infrastructural and other facilities of big business, its supply and marketing relations and, most importantly, its long-term economic interests focus on large enterprises and, with few exceptions, show no interest for the SMEs sector. The situation is exacerbated by the fact that the Russian system of economic institutions encourages big business mostly. It also proves an essential specific situation of small and medium-sized businesses in Russia. The development of Russian small and medium-sized business entirely depends on the state of the economy and the business climate in the country. The business climate in Russia does not correspond to the needs of small and medium-sized businesses. Measures to improve the business climate can potentially help Russian small and medium-sized businesses much more than the existing costly system meant to support them. It is obvious that the whole Russian system for SMEs support, fold increase in the federal budget to support Russian SMEs occurred in the recent years, is unable to compensate for a generally unfavorable business environment in Russia. It is necessary to improve the quality of investment, business climate and institutions in Russia. The real growth of the Russian SMEs can be expected only with the modernization, new industrialization of the Russian economy and business climate improvements.
This article provides the results of development of bankruptcy prediction static model and its testing on the sample of more than thousand companies of manufacturing industry. The main scenarios of bankruptcy are identified and it is shown that depending on the bankruptcy scenario possible insolvency can be predicted one or four years before.
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.