scholarly journals Current State and Development Prospects of the Russian Factoring Market (Brief Statistical Analysis)

2021 ◽  
Vol 18 (4) ◽  
pp. 22-34
Author(s):  
Lyubov Yu. Arkhangelskaya ◽  
Viktor N. Salin

Factoring is a fairly new way for Russia to finance the accounts payable and receivable of business structures by specialized companies or credit institutions and their divisions (Factors) against the assignment of claims against one of the parties (buyer or seller) of a sale and purchase transaction of products or property to a third party (Factor) is currently developing at a high pace. On average, according to sample data for 2011 -2019 the annual growth rate of the volumes of financing of accounts payable and receivable of companies in Russia due to factoring operations increased by 20%, which in absolute terms amounted to 303.3 billion rubles, and reached by 2019 - 3.5 trillion rubles.However, there is still no established definition of this economic category in the Civil Code of the Russian Federation. In the scientific and educational foreign and domestic literature there are somewhat contradictory interpretations of the classifications of the types of factoring, there is no legislatively established system of statistical indicators characterizing this segment of the financial intermediation services market. The lack of a developed regulatory framework for regulating relations in this market segment slows down its development, necessitates improving both Russian legislation and methodological support for a comprehensive statistical analysis of the state and development of this market segment. In this regard, the purpose of this study is to develop a methodology for a comprehensive statistical analysis of the market segment of financial intermediation services, to determine the prevailing sectoral, territorial and types of proportions related to the scale of business of the parties to the factoring agreement in this market segment using the statistical methodology for analyzing the series of dynamics and attributive groupings of the main indicators characterizing the state and development of the Russian factoring market. Based on the theoretical analysis, the author’s interpretation of the content of the economic category “factoring” is given, a system of indicators is proposed that characterizes factoring as a type of financial intermediation services (object of research), based on the development of the Association of factoring companies, Rosstat, expert agencies (for example, “Expert RA”); the features of the formation of statistical groupings (series: attributive, variation, dynamics) for various purposes of analyzing the market of factoring services are revealed, the author’s method of complex statistical analysis of any segment of the financial intermediation services market, which is the subject of research, is presented. The results of approbation of the methodology for a comprehensive statistical analysis of the Russian factoring market based on sample data for 2011 – 2019 are presented, conclusions are drawn about the dynamics of the main indicators of the factoring market development, structural shifts and changes in proportions in this market segment, a forecast of expected changes in the Russian factoring market for  2021 is made, incl. and influenced by the Covid-19 pandemic.The results of this study are aimed at developing a methodology for a comprehensive statistical analysis of factoring as a segment of the financial intermediation services market, including for the purposes of international comparisons of indicators of the state and development of the Factors and their clients.They can be useful to the professional community of factoring companies (Factors), business structures - consumers of factoring services, and also be used in educational activities in the preparation of financial specialists in economic universities of the country.

2005 ◽  
Vol 4 (2) ◽  
pp. 393-400
Author(s):  
Pallavali Radha ◽  
G. Sireesha

The data distributors work is to give sensitive data to a set of presumably trusted third party agents.The data i.e., sent to these third parties are available on the unauthorized places like web and or some ones systems, due to data leakage. The distributor must know the way the data was leaked from one or more agents instead of as opposed to having been independently gathered by other means. Our new proposal on data allocation strategies will improve the probability of identifying leakages along with Security attacks typically result from unintended behaviors or invalid inputs.  Due to too many invalid inputs in the real world programs is labor intensive about security testing.The most desirable thing is to automate or partially automate security-testing process. In this paper we represented Predicate/ Transition nets approach for security tests automated generationby using formal threat models to detect the agents using allocation strategies without modifying the original data.The guilty agent is the one who leaks the distributed data. To detect guilty agents more effectively the idea is to distribute the data intelligently to agents based on sample data request and explicit data request. The fake object implementation algorithms will improve the distributor chance of detecting guilty agents.


2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.


2020 ◽  
Author(s):  
Riska Nurhapsari Santoso ◽  
Yudis Satrio Utomo ◽  
Yuliani Luturmasse

Abstract - Statistics is a framework of theories and methods that have been developed to collect, analyze, and write sample data in order to obtain useful conclusions. Statistics is the science of ways of collecting, classifying, analyzing, and searching for information related to the collection of data that investigations and conclusions based on evidence in the form of figures.Based on the results of the study can be concluded as follows: the size of the symptoms of the data center has not been grouped is the data compiled into the frequency distribution so that it does not have class intervals and midpoints of the class. Symptom Size Un-Grouped Data Center The size of the data center included in the statistical analysis is the calculated average (mean), median, mode, and fractil (quartile, decile, percentile)


Author(s):  
A.Ya. Kibirov ◽  

The article uses methods of statistical analysis, deduction and analogy to consider programs at the Federal, regional and economic levels, which provide for measures aimed at improving the technical equipment of agricultural producers. Particular attention is paid to the acquisition of energy-saving, high-performance agricultural machinery and equipment used in the production and processing of agricultural products. An assessment of the effectiveness of state support for updating the material and technical base of agriculture is given. Based on the results of the study, conclusions and recommendations were formulated.


2019 ◽  
pp. 27-37
Author(s):  
V.A. Morozov

The article analyzes the state of public health on the example of domestic and foreign statistics, as well as prospects for its development and improvement. The state of relations and forms of interaction of budgetary medical institutions (state, municipal) with private clinics, as well as directly private clinics with the structures of municipal and state power are considered. The directions and ways of interaction of power and business structures for improvement of methods and forms of service of patients on the basis of indicators of values and innovations are offered.


2014 ◽  
Vol 15 (2) ◽  
pp. 119-129
Author(s):  
Paweł Trippner

Abstract Collective investors play an extremely important role in the financial system of the state and in the economy. They operate in the financial market as institutions that enable households and businesses to convert savings into investments. Investment funds are the most conventional institutions which are dealing with financial intermediation. The main purpose of the submitted paper is to characterise the essence of investment funds operation in the role as financial intermediaries, to present the investment strategies and to characterise the methodology for measuring the effectiveness of capital management entrusted by the clients. The author has formulated a research hypothesis, according to which, the strategies of capital location policy used by the investment funds have an impact on the level of their performance, while funds holding higher risk portfolios perform better compared to the funds using passive investment strategies


ICSID Reports ◽  
2021 ◽  
Vol 19 ◽  
pp. 630-648

630Procedure — Addition of a party — Conditional application — UNCITRAL Rules, Article 22 — UNCITRAL Rules, Article 17 — Whether the UNCITRAL Rules or lex loci arbitri allowed for applications to be made conditional on a tribunal’s future decision — Whether the application was consistent with the State’s procedural rights — Whether the amendment to a claim under Article 22 of the UNCITRAL Rules allowed for the addition of a third party as claimantJurisdiction — Investment — Shares — Whether an investor’s shares and rights derived from those shares were protected investments under the BITJurisdiction — Investment — Assets of subsidiary — Whether profits, goodwill or know-how of a local subsidiary constituted investments of the investor protected by the BITJurisdiction — Consent — Cooling-off period — Premature claims — Whether the investor had communicated its own claims rather than those of its local subsidiary — Whether the investor’s failure to comply with a waiting period of six months under the BIT required a tribunal to deny jurisdiction or admissibility — Whether the negotiation of a local subsidiary’s dispute in good faith was relevant to jurisdiction over a foreign investor’s claimsInterpretation — Cooling-off period — VCLT, Article 31 — Object and purpose — Whether the object and purpose of the BIT required a tribunal not to adopt a strict or formalistic interpretation of the waiting period of six monthsRemedies — Declaratory award — Interpretation — Just compensation — Whether the tribunal had jurisdiction under the BIT to make a declaratory award on the interpretation and application of the term “just compensation”Jurisdiction — Dispute — Whether the tribunal had jurisdiction under the BIT to advise the parties of an imminent disputeExpropriation — Direct deprivation — Shares — Rights derived from shares — Whether the State directly deprived the investor of its rights as a shareholder in its local subsidiaryExpropriation — Indirect deprivation — Shares — Rights derived from shares — Whether the shares had lost all or almost all significant commercial value — Whether the measures were adopted in the public interest — Whether due process had been followed — Whether there were any undertakings by the StateExpropriation — Interpretation — “Just compensation” — Whether there was any difference between the terms of the BIT and general international law — Whether the meaning of just compensation could be determined in the abstract631Fair and equitable treatment — Whether the impending expropriation constituted a breach of the standard of fair and equitable treatment — Whether the claim concerned the investor’s rights derived from sharesFull protection and security — Whether the State failed to protect an investment from expropriation by local authorities — Whether the claim concerned the investor’s rights derived from sharesUmbrella clause — Whether there was any assurance directed at the investor that created any legal obligations — Whether the claim concerned the investor’s rights derived from sharesCosts — Arbitration costs — Variation by agreement — UNCITRAL Rules — Whether the terms of the BIT varied the default rules for the allocation of arbitration costs


Author(s):  
Alla Orlova ◽  

The article considers a set of issues related to the formation of sustainability in the state at different levels of government: national, regional and local, with an emphasis on the sustainability of territorial communities. The concept of "sustainability" is defined, the criteria of sustainability for national security and its components at the local level are analyzed, in particular, in the formation of affluent communities. Sustainability is considered in various aspects: as a component of national security and defense of the state, in relation to the concepts of "cohesion" and "national security". Financial stability is justified as an important sign of the viability of local communities. The role of civil society in shaping the sustainability of communities is revealed, as well as different views of scientists on the impact of civil society on sustainability are analyzed. The foreign experience of implementation of the basic principles of sustainability in the life of communities is studied. The most important component of sustainability is the ability of the community to consolidate to counteract harmful and dangerous external and internal influences. Open partnership of public authorities with business structures and the public should be a prerequisite for this. It is proved that in the conditions of decentralization and various internal and external challenges, civil society (active citizens and civil society institutions) can and should be a driver of community sustainability. It is assumed that the implementation of state policy to promote the development of civil society should create a solid foundation of democracy in Ukraine as a component of national sustainability. Since the systemic mechanisms for ensuring national sustainability in the Ukrainian state at both national and local levels are not yet fully formed, the development and implementation of comprehensive strategic decisions in this area requires proper scientific substantiation, which is why the author’s contribution to this topic.


Author(s):  
Joanne G. Carman

This article explores the accountability relationship between the state auditor’s office and non-profit organisations by examining the audit reports prepared by the North Carolina State Auditor’s Office for non-profit organisations from 2009 to 2018. The data collected for this study show that the extent to which the state auditor conducts audits of non-profit organisations is fairly limited. Yet, when it does audit them, it is doing so to police their behaviours, monitor their expenditures and ensure that they are being good stewards with the resources they have been given. The findings from this study have important implications, in that they suggest that other accountability mechanisms continue to be important, including: training and education for board members about their legal and fiduciary responsibilities; the importance of adhering to best practices and standards; and the important role that third-party watchdog organisations and accreditors can play in ensuring non-profit accountability.


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