A model of the socially oriented financial market of the subject of the Russian Federation
Subject. A region's economy growth is determined by the nature of a number of underlying economic processes, which include procedures for the financial market functions that play a crucial role. The function of financial institutions is most pronounced in the context of trends that are central to socio-economic development strategies. The article makes an attempt to systematize and highlight indicators, influencing and reflecting the essence of the economic category of finance, with an emphasis on social aspects. Objectives. The aim of the study is to review the economic category of finance in the context of indicators that have a significant impact on the nature of its function. Methods. I employ logical and systems approaches, methods of grouping, comparison, regression, and correlation analysis. The structured database of Rosstat official reporting served as information source. Results. The paper presents an economic-and-mathematical model of the financial market category. The model's functionality is sufficient to substantiate causal relationships between specific indicators. The proof was revealed empirically, based on the case of constituent entities of the Russian Federation that are part of the Siberian and the Volga Federal Districts, and using a dedicated software application. Conclusions. The developed theoretical, methodological and practical approaches, if used in practice, may help solve the problems of regional strategizing.