scholarly journals Relationship between Regional Socio-Economic Development and Corporate Ratings of Russian Companies

2021 ◽  
Vol 17 (1) ◽  
pp. 86-102
Author(s):  
Elena Y. Makeeva ◽  
Irina V. Ivashkovskaya ◽  
Liudmila S. Ruzhanskaya ◽  
Konstantin A. Popov

The search for new sources of regional development is important due to the slowdown in economic growth and the need to shift the emphasis of industrial policy from the macro level to the level of regions and individual companies. In this regard, we consider the participation of companies in reputation ratings as a new source for increasing the investment attractiveness of regions. Additionally, we examine the relationship between corporate and regional ratings: corporate ratings demonstrate a company’s compliance with the sustainable development goals, which, in turn, improves the socio-economic performance of regions. We revealed the positive influence of high corporate ratings on the socio-economic development of regions, opening a new area for interdisciplinary research combining corporate finance and regional economics. On the example of 130 biggest Russian public non-financial companies, we obtained several significant results that allow determining the impact of corporate ratings on the socio-economic situation of regions and corporate financial performance. The ratings include Sustainable development Index of the Russian Union of Industrialists and Entrepreneurs (RUIE), Environmental responsibility rating of the World Wildlife Fund (WWF) Russia, and Corporate social responsibility rating of the Association of Managers of Russia (AMR). The calculations showed that the participation of companies in the ratings of WWF Russia and RUIE positively affects the indicators sustainable development of regions where these companies are located. Simultaneously, the influence of companies’ participation in the rating of WWF Russia is higher than the influence of participation in the RUIE rating. In addition, reputation ratings have a positive impact on the return on assets and market capitalisation of Russian companies. Thus, we proved that participation in corporate ratings leads to an increase in performance. However, the effects of participation in various ratings differ. For example, to increase its conditions and performance, a company should be a leader of the rating of RUIE and just participate in the rating of WWF Russia. The rating of AMR influences the market capitalisation the most. The obtained findings indicate the need for expanding the participation of Russian companies in corporate ratings and enable research in the field of sustainable development of companies.

Agriculture ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 279
Author(s):  
Piotr Prus ◽  
Marek Sikora

The transport infrastructure can be defined as a factor that guarantees the growth and economic development of the region, due to the functions of traversing space in terms of the movement of people and the exchange of goods. The effects of the impact of transport infrastructure on the economy of the region largely depend on how the society uses the services offered by infrastructure facilities and devices. The study examines the impact of transport infrastructure on the sustainable socio-economic development of the Wałcz Lake District. To conduct the analysis, a questionnaire addressed to entrepreneurs from this region was used. In the second part of the research, the indicators of sustainable development at the regional level were applied: the level of transport infrastructure and the level of socio-economic development of the studied area. The study is an attempt to fill the cognitive gap for areas outside the country’s main transport corridors. The existing differentiation in both the development of infrastructure and the economic attractiveness of urban and rural areas was shown. Factors influencing the effectiveness of implementing the concept of sustainable rural development were indicated.


MEST Journal ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 43-49
Author(s):  
Grzegorz Olszewski

For several years, the concept of sustainable development appears the philosophy of many scientific studies. This concept came from the field of forestry. It means that forest management cut down only as many trees as they can grow in this place. That way, the forest is never liquidated and can always rebuild itself. There are many definitions of sustainability. Perhaps the best comes from the 1987 report "Our Common Future" of the UN World Commission on Environment and Development, where "sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs." That implies a challenge to developing all areas of human life without harming any of them. One of the areas with significant impact is the activity of organizations that affects the development and stability of the economy. Also, in studies on organization and management, the sustainable development concept is increasingly common. Progress in the application of the sciences of organization and management undoubtedly has a positive impact on the activities of organizations, which leads to economic development and changes in the quality of life. This paper intends to bring closer the meaning of the evolution of people management in today's state of development and to determine trends in future organizations management. The content of this paper does not exhaust the discussed issues but may contribute to further discussion and activities in the field of sustainable development.


2021 ◽  
Vol 74 (2) ◽  
pp. 30-40
Author(s):  
S.A. Abenov ◽  

This article examines the socio-economic development of monotowns in Kazakhstan on the example of Zhezkazgan city. The authors analyzed the satisfaction of citizens with the living conditions in monotowns, as well as identified the problems of sustainable development and prospects for socio-economic transformation of this region. The results of the study showed that the main problem of a monotown is its dependence on the city-forming enterprise. At the same time, respondents expressed a high desire to migrate to other regions (78% of respondents).


Author(s):  
Touhidul Islam ◽  
Dr. Razu Ahmed ◽  
Kohinur Aktar

Non-governmental Organizations (NGOs) evolved in Bangladesh with the commitment of bringing positive social change and attaining balanced socio-economic development through the disbursement of micro-credit among the marginal people in society. The main intention of the study is to assess the impact of micro-credit on the overall socio-economic development of micro-credit receivers. The Chi-square (χ2) and Multinomial Logistic Regression techniques have applied on primary data collected from 260 beneficiaries of micro-credit of ASA and BRAC NGOs in the Mymensingh district of Bangladesh. The χ2 analysis shows that the amount of micro-credit taken has a significant positive impact on respondents’ type of home, sanitation facilities, ownership of other household assets, health service received, yearly income, expenditure, and savings, and participation in family’s decision making, whereas an insignificant relationship is observed for occupational status, children education, ownership of land and livestock, sources of drinking water, economic solvency, and social status of the respondents.


2021 ◽  
Author(s):  
Paul Ezinna ◽  
Christopher Ugwuibe ◽  
Chikaodili Ugwoke

<p>Gender equity in education generates a push force that accelerates progress across sectors and goals; thus sustainable development. Gender equality constitutes central position in both national and international programmes as an accelerator for achieving development. Women’s place in national development appears subordinated. Thus, this study examined gender equity in education in Nigeria and the impact on national development. Specifically, the study sought to determine the degree of women access to education, ascertain the impact of women education on socio-economic development and determine the factors that constitute barriers to women education in Nigeria. The study discovered that educated women serve as stabilizing factor in national development and recommended ‘soft competition technique’ as the approach that will grant women the needed equity in national development in Nigeria. </p>


2019 ◽  
Vol 9 (4) ◽  
pp. 190-194
Author(s):  
BALUSAMY S ◽  
VENKATASUBRAMANIAM A ◽  
GIRI N

Until the late 1990’s the only form of media known to businesses were television, newspapers and radio, however in the early 2000s, a revolution in media was witnessed and the world was introduced to Social Media. Social Media is a just like any other Form of media is a tool used for communication but at the larger scale for social interaction using highly accessible and scalable Communication techniques. Social media has a positive impact and a positive influence on the company as well as the customers. Social media is becoming an essential tool for marketers, which is at a very minimum investment. In today’s’ scenario consumers judge a company based on their online presence, hence companies can innovate and simultaneously create a strong social presence by always catering to their customers’ needs and concerns.Internationally, companies have adopted Social Media as an essential tool for their marketing campaign; however the same is not adapted in India to a large extent. What are the benefits of Social media? What are the examples of Social media? This study understands the benefits,impact and importance of Social Media on business performance and growth.


2021 ◽  
Author(s):  
Yue Zhu ◽  
Wenbo Du ◽  
Juntao Zhang

Abstract It is the theme of today to develop green economy and improve environmental efficiency (EE). As a comprehensive index to measure energy input, economic output and environmental development, environmental efficiency (EE) is of great significance for China to realize the sustainable development of economy and environment. China is in a critical period of industrial transformation and upgrading and ecological civilization construction, the effect of the collaborative agglomeration of manufacturing and productive services on environmental efficiency has drawn attention from policymakers. In this study, the stochastic frontier approach (SFA) with unpaid input is used to measure the environmental efficiency (EE) of 66 cities in eastern China during 2009–2018. Population structure is regarded as a mediator to investigate the impact of industrial collaborative agglomeration on environmental efficiency based on the spatial econometric model. The results show that industrial collaborative agglomeration has a positive impact on environmental efficiency, which can be moderated by population density, aging and quality at the same time, while the moderating effect of population urbanization is not significant. Therefore, it is necessary to optimize the coordinated governance system of regional ecological environment, accelerate the construction of industrial collaborative agglomeration, and promote the sustainable development of industry and ecology with the advantage of population structure in order to improve environmental efficiency (EE).


2019 ◽  
Vol 4 (1) ◽  
pp. 78-90
Author(s):  
Juan-Luis Klein ◽  
Diane-Gabrielle Tremblay ◽  
Laurent Sauvage ◽  
Leila Ghaffari ◽  
Wilfredo Angulo

This article focuses on cultural and creative activities and the development of local communities. Several studies on North America, Europe and Latin America have shown that this type of activity may have a positive impact on the local economy and living environments, and in particular on the sense of territorial belonging and on relations between citizens. In this text, we propose a reading of the impact of neighborhood cultural initiatives in the context of local socio-economic development based on a set of indicators of the local cultural vitality of a neighborhood. The empirical research was carried out in Montreal, namely on two boroughs: Rosemont–La Petite-Patrie and Sud-Ouest.


Author(s):  
Viktor Samarukha

In modern conditions, threats and risks are constantly emerging for the sustainable socio-economic development of various regions of the world, including Russia. In this regard, one of the most important is the problem of sustainable dynamic development of the country and its closest partner-countries, one of which is Mongolia. The article presents a historical analysis of international relations between Russia and Mongolia. The main points of the development of the economy of the RSFSR, the USSR and Mongolia after the signing of the coopera­tion agreement in 1921 are described. The analysis of the changed geopolitical conditions of the socio-economic development of Russia and Mongolia in connection with the collapse of the world socialist system and the unfolding modern economic crisis is carried out. The conducted research made it possible to conclude that it is necessary to develop a scientifically based medium-and long-term strategy for the socio-economic development of the country in the new geopoliti­cal realities. Recommendations on strengthening the role of the state in regulating the real sector of the economy and investment processes are offered. The study shows that the main directions of state policy in the field of sustainable development and national security, including food security, should be social, political and economic transformations for the sustainable development of the regions.


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