scholarly journals Financial and Economic Performance of the Russian Railways in the Context of Reform

2019 ◽  
Vol 23 (3) ◽  
pp. 49-63
Author(s):  
D. A. Macheret ◽  
N. A. Valeev
Keyword(s):  
Economic Performance ◽  
Practical Importance ◽  
Sustainable Growth ◽  
Economic Indicators ◽  
Operating Costs ◽  
Optimum Level ◽  
Joint Stock Company ◽  
Stock Company ◽  
Public Authorities

The performance of companies in the real sector of the economy is highly relevant for the economic development of the country. The Joint Stock Company “Russian Railways” (the JSCo “RZD”) occupies a special place in the Russian economy, since it does 45% of the total cargo turnover and more than 25% of passenger traffic in the country. The aim of the article is to identify trends in key financial and economic indicators of the Russian railways in the context of the structural reform of the industry. The objective of the study is to develop a methodology for the long-term management of the financial and economic performance of the railways, as well as recommendations for its sustainable growth. The authors analyzed the financial and economic performance of the JSCo “RZD” for 15 years. They used the analysis of time series, logical and analytical method, as well as benchmarking — comparative analysis based on reference indicators. It is shown that with a low but positive profitability, the company’s financial and economic situation can be improved. The authors reviewed the dynamics of the operating costs ratio, whose value has an excessively high level in the JSCo “RZD”. To identify ways to achieve the optimum level of operating costs ratio, an analysis of financial and economic indicators of the US railway companies was conducted. The factors contributing to the systematic improvement of the operating costs ratio were revealed. Among them are: increase in the JSCo “RZD” market opportunities and their competent use based on flexible adaptation to market conditions and changing customer needs; attraction of private and private-state investments. On this basis, the following actions are proposed for improving the financial and economic indicators of the JSCo “RZD”: monitoring of the operating costs ratio; developing a scenario program to improve the long-term competitiveness and effectiveness of the Russian Railways for the period of 2025–2035. The materials of the article are of practical importance and can be used by public authorities, transport companies, as well as for the educational purposes.

scholarly journals ANALYSIS OF DEPOSIT PORTFOLIO FORMATION OF A COMMERCIAL BANK

2021 ◽  
Author(s):  
Oksana Horbachova ◽  
Keyword(s):  
Commercial Bank ◽  
Commercial Banks ◽  
Main Part ◽  
Economic Indicators ◽  
Joint Stock Company ◽  
Stock Company ◽  
International Bank ◽  
Investment Resource ◽  
Banking Institution

The main part of the bank's resources is formed by attracting customers' funds to deposit accounts, and their amount, in turn, depends on the effectively planned policy of the bank. The possibility of active operations depends on the volume and structure of borrowed funds by a banking institution. In the context of financial and economic and pandemic crises, the analysis of the structure of attracted resources becomes important, namely: the formation of the deposit portfolio of commercial banks, taking into account the use of long-term deposits as a future investment resource. The essence and significance of deposit activity of a commercial bank are analyzed. The peculiarities of the formation of the deposit portfolio of a commercial bank are determined. The financial and economic indicators of the deposit activity of the First Ukrainian International Bank Joint-Stock Company are analyzed. The analysis of the bank's deposit programs was performed.

The Bubble Act: Its Passage and Its Effects on Business Organization

1994 ◽  
Vol 54 (3) ◽  
pp. 610-627 ◽  
Author(s):  
Ron Harris
Keyword(s):  
Turning Point ◽  
Direct Evidence ◽  
Economic Effects ◽  
Joint Stock Company ◽  
Stock Company ◽  
Short Term ◽  
Dominant Position ◽  
South Sea ◽  
Conversion Scheme

By surveying contemporary sources this article reveals direct evidence for the involvement of the South Sea Company in the passage of the Bubble Act. The dominant position of the Company and of its national debt conversion scheme in the affairs of England in 1720 support the conclusion that the act was in fact a piece of special-interest legislation for the Company. The short-term interest that motivated the enactment, together with the limited legal and economic effects of the act, minimized its significance as a turning point in the long-term development of the English joint-stock company.

scholarly journals FORESIGHT AS A TOOL OF TECHNOLOGICAL PLANNING IN THE MANAGEMENT OF PUBLIC JOINT STOCK COMPANY “GAZPROM” IN THE ERA OF DIGITALIZATION

2020 ◽  
pp. 54-62
Author(s):  
V. V. Degtyareva ◽  
D. A. Lozhnikova
Keyword(s):  
Big Data ◽  
Strategic Planning ◽  
Technology Assessment ◽  
Semantic Analysis ◽  
Graphical Model ◽  
Joint Stock Company ◽  
Stock Company ◽  
Technological Developments ◽  
Information Input

The issues of presenting the basic prerequisites for forecasting and planning tools for managing an organization based on the foresight method, – have been highlighted. The strategic planning mechanism of PJSC Gazprom has been described, the place of foresight research in the formation of a long-term strategy has been reflected, and interaction with the innovation environment has been reflected. Five stages of foresight research and their filling have been presented. The sequence of stages of foresight research has been described. A generalized picture of collecting the necessary information for conducting a foresight study and forming a pool of experts from the preliminary registry on thematic selected areas has been presented. A list of criteria for assessing the prospects of technologies, as well as the sequence of their selection in accordance with the system of prospects indexes of technological developments for further updating the organization’s strategy, – has been considered. A graphical model of the results of technology assessment for their use in the strategic planning of the organization. A digital model that makes a decision on the choice of the necessary technologies based on semantic analysis of big data – IFORA has been considered. A comparison of information input and applied methods has been made. When preparing the article, such research methods as analysis, synthesis, and generalization were used.

scholarly journals The role of modern methods for intravascular visualization of coronary arteries in diagnostics and treatment of coronary heart disease in the employees of the Russian Railways joint stock company related to train movements.

2018 ◽  
Vol 95 (11) ◽  
pp. 1001-1006
Author(s):  
Z. Kh. Shugushev ◽  
Olga A. Prishchep ◽  
D. A. Maksimkin ◽  
A. G. Faibushevich ◽  
G. I. Veretenik
Keyword(s):  
Coronary Arteries ◽  
Study Groups ◽  
Diagnostic Techniques ◽  
Joint Stock Company ◽  
Stock Company ◽  
Survival Index ◽  
Group 2 ◽  
Group 1

The aim of this study was to show the importance of modern non X-ray diagnostic techniques of coronary arteries for diagnosis and treatment of CHD. Material and methods. 110 patients, who took part in the study, were divided into two groups according to their coronarography: group 1 - patients with intermediate coronary stenosis (n = 80) and group 2 - patients with normal coronary arteries (n = 30). All patients of group1 underwent FFR measurement in the magistral arteries. On the base of FFR value the second group was conventionally divided into two subgroups: Ia (47.5% patients) - with a positive FFR value (≤0,8), in which the lesion was considered functionally significant and responsible for ischemia, and Ib (52.5% patients) - with a negative FFR value (>0,8). In the case of positive FFR value patients underwent IVUS-guided PCI. Results. Survival index free of MACE and readmissions was not significantly different in the group II and subgroup Ib and were 100 and 95.2%, respectively (p > 0.05). A comparison of this index in the subgroups Ia and Ib was no significantly different (97.3% and 95.2%, respectively, p > 0.05). The rate of restenosis in the Ia subgroup, which required re-intervention, was 2.7%, which corresponds to the data in the literature. Late stent thrombosis was not revealed. Conclusions. Survival index free of MACE and readmissions is not different in the long-term period in the study groups.

scholarly journals The analysis of investment into industries based on portfolio managers

2021 ◽  
pp. 161-170
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Investment Strategy ◽  
Joint Stock Company ◽  
Stock Company ◽  
Expected Return ◽  
Government Bonds ◽  
Self Interest ◽  
Portfolio Managers

The main goal of each investor when investing capital is to recover funds. The current market brings unlimited opportunities in creating an investment strategy. This strategy is highly dependent on the investor's preferences, his attitude to risk, financial capacity, expected return, self-interest, and many other factors that determine what is best for the investor. For this reason, the submitted work concerns investors who will comply with strict restrictions. In this way, an investment strategy for a selected group of investors can be created. The paper focuses on investors in Slovakia. The art of investment decisions to make the greatest possible return is portfolio management. The studies presented in this work are designed to explore different models and to achieve investor goals to maximise their investment and minimise risk. Investing is a systematic and long-term process where the investor gives up part of his free funds to increase their value and collect the return for them in the future. Investing is effective only if it follows certain rules. Sending a monthly deposit with iron regularity is, in the event of a recession and crisis, the only guarantee of achieving the desired future goal of investing. Mutual funds are a simple way of collective investment, where a person collects money from investors and invests in various assets such as stocks, government bonds, currencies, commodities. Profits from the investment are distributed to all investors who contributed to the fund. These funds are professionally managed by investment specialists based on their market knowledge. A share is equity security representing an equity interest in a joint-stock company. Monetary policy and financial stress significantly affect the ability of the actively managed fund's performance vis-a-vis ETFs performance. This fact must be stated as this is a limitation of the analysis in the presented paper.

scholarly journals Construction of the economic indicators of performance in relation to environmental, social and corporate governance (ESG) factors

2012 ◽  
Vol 60 (4) ◽  
pp. 195-206 ◽  
Author(s):  
Alena Kocmanová ◽  
Marie Dočekalová
Keyword(s):  
Corporate Governance ◽  
International Organizations ◽  
Economic Performance ◽  
Performance Indicators ◽  
Manufacturing Sector ◽  
Economic Indicators ◽  
Added Value ◽  
Key Factors ◽  
Governance Indicators

The article is focused on economic performance in relation to environmental, social and corporate governance indicators. Indicators are increasingly used by investors to understand the processes in company, focusing on the key factors. Many international institutions engaged in the development of environmental, social and corporate governance indicators and they are in accordance with financial institutions trying to find a common language in defining the environmental, social and corporate governance indicators affecting their common objectives to achieve sustainable, long-term growth and prosperity. The aim of the article is searching for the way of measuring economic performance of the company in relation to environmental, social and corporate governance indicators. On the basis of analysis of the environmental, social and corporate governance performance indicators of international organizations has been carried out empirical research of economic indicators for the companies in the manufacturing sector. The expected result of the research is the design of the economic indicators of performance in relation to environmental, social and corporate governance indicators. These proposed economic performance indicators should enable companies to measure the economic performance and added value towards sustainability.

Studying Demand for Institutes of Corporate Governance: Legal Aspects

2003 ◽  
pp. 50-61 ◽  
Author(s):  
T. Medvedeva ◽  
A. Timofeev
Keyword(s):  
Corporate Governance ◽  
Legal Aspects ◽  
Joint Stock Company ◽  
Federal Law ◽  
Stock Company ◽  
Open Joint Stock Company ◽  
Open Joint ◽  
Market Relations ◽  
Corporate Legislation

The article analyzes legal aspects of institutes of corporate governance. Different draft laws "On Joint-Stock Companies" are considered which reflected interests of separate groups of participants of market relations. Stages of property redistribution are outlined. The advantages of the model of the open joint-stock company are formulated. Special attention is paid to the demand for legal institutes of corporate governance as well as to the process of accepting the Federal Law "On Entering Amendments to the Federal Law "On Joint-Stock Companies"" which was enacted in 2002. The article contains proposals directed at improvement of corporate legislation.

Economics of Happiness as an Academic Research Discipline

2012 ◽  
pp. 94-107 ◽  
Author(s):  
O. Antipina
Keyword(s):  
Economic Performance ◽  
Research Methodology ◽  
Academic Research ◽  
Well Being ◽  
Economic Indicators ◽  
Research Discipline ◽  
Happiness Economics ◽  
Education And Health ◽  
Economics Of Happiness ◽  
Happiness Level

The article contains a review of the contemporary research in the field of economics of happiness. Economics of happiness deals with correlation between the subjective notion of well-being and happiness with ones life (happiness level) and economic indicators. The author considers the correlation of economic and noneconomic factors. The last ones —  such as education and health — also affect the level of happiness. The author dwells upon the following questions: research methodology in economics of happiness, correlation between subjective notion of well-being and happiness with ones life and economic performance on micro- and macrolevels.

An Evaluation of Provincial Macroeconomic Performance in Vietnam

2017 ◽  
pp. 34-47
Author(s):  
Hoi Le Quoc ◽  
Nam Pham Xuan ◽  
Tuan Nguyen Anh
Keyword(s):  
Development Strategy ◽  
Institutional Transformation ◽  
Economic Indicators ◽  
Macroeconomic Performance ◽  
Economic Development Strategy ◽  
Socio Economic Development ◽  
The Cost ◽  
Development Objectives ◽  
First Time

The study was targeted at developing a methodology for constructing a macroeconomic performance index at a provincial level for the first time in Vietnam based on 4 groups of measurements: (i) Economic indicators; (ii) oriented economic indicators; (iii) socio-economic indicators; and (iv) economic - social – institutional indicators. Applying the methodology to the 2011 - 2015 empirical data of all provinces in Vietnam, the research shows that the socio-economic development strategy implemented by those provinces did not provide balanced outcomes between growth and social objectives, sustainability and inclusiveness. Many provinces focused on economic growth at the cost of structural change, equality and institutional transformation. In contrast, many provinces were successful in improving equality but not growth. Those facts threaten the long-term development objectives of the provinces.

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