External Factors of Big Business Transformation in Russia

2005 ◽  
pp. 72-89 ◽  
Author(s):  
Ya. Pappe ◽  
Ya. Galukhina

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.

Author(s):  
Daniel Maman

The chapter documents patterns of both change and continuity in the structure of big business in Israel in the neoliberal era, and the role of state agencies vis-à-vis big business. Specifically, it discusses how privatization, financial liberalization, and direct and indirect state subsidies have contributed to the dominant position of large enterprises and business groups in the Israeli political economy. While neoliberal policies have served the interests of private capital and business groups, they were actively driven by state agencies seeking to regain autonomy by withdrawing unselective and burdensome state subsidies, and by shrinking and depoliticizing the public sector.


2021 ◽  
Vol 92 ◽  
pp. 08007
Author(s):  
Victor Dengov ◽  
Irina Tulyakova ◽  
Elena Gregova

Research background: The products of the arms and military equipment market create the material basis for the country’s military security. The most important segment of this market is the market of naval equipment. The acquired competencies have naturally led Russia to the role of the most important exporter in this market. The authors have repeatedly addressed the topic of Russian shipbuilding and the role of Russia in the world market of naval equipment and military ships. Purpose of the article: The main goal of the research is to analyze the current state of the market of naval equipment, the positions of its main participants and, especially, Russia. To determine the future prospects of Russia’s presence in this market, it was necessary to identify the main problems of Russian shipbuilding and consider the impact of external factors on the state of the industry. Methods: Generalizations of the research are based on processing and systematization of data obtained from available information sources. Analyzing the statistics, the authors were able to deduce the trends of the current moment and determine the prospects. Findings & Value added: The analysis of key market indicators, as well as the problems of Russian shipbuilding, allowed the authors to build possible scenarios for its future development, from optimistic under favorable external factors to pessimistic, in which the loss of not only military security, but also the position of the largest exporter in the world market of naval equipment and military ships is inevitable.


2015 ◽  
Vol 6 (2) ◽  
pp. 23
Author(s):  
Ali Amin Isfandiar

This paper discusses the rationality from the angle of language and itscoverage, rationality from the standpoint of immanence and transcendence.The theme of the study are about the relationship between ethics andrationality, rationality in economics including the position of rationality inIslamic economy, the role of the outsider (external factors) of rationality (ineconomy in taking decisions). The approach used is a philosophicalexploratory, i.e. tracing the linguistic philosophical side which started from the rational root of the word itself is up to on the word transformation in economics, so that gave rise to some form of the word rational that was so extreme and radical as the pretext of self to behave as free-free economy. The presence of characteristic trandensi in Islamic economy which is not owned by the conventional economy, namely the risk of uncertainty as to the resigned expression tawwakul and unrestricted time jangkauang (time horizon) from the life of the world to the life of the hereafter.Tulisan ini membahas rasionalitas dari sudut bahasa dan cakupannya, rasionalitas dari sudut pandang imanensi dan transendensi. Tema kajianadalah mengenai hubungan antara etika dan rasionalitas, rasionalitas dalambidang ekonomi termasuk di dalamnya posisi rasionalitas dalam ekonomiIslam, peranan outsider (faktor eksternal) terhadap proses rasionalitas (kedalam diri pelaku ekonomi dalam mengambil keputusan). Pendekatan yangdigunakan adalah filosofis-eksploratif, yakni menelusuri sisi filosofiskebahasaan yang dimulai dari akar kata rasional itu sendiri hingga sampaipada proses transformasi kata tersebut dalam bidang ekonomi, sehinggamemunculkan bentukan kata rasional yang begitu ekstrim dan radikal sebagai dalih diri untuk berperilaku sebebas-bebasnya dalam bidang ekonomi. Adanya karakteristik trandensi dalam ekonomi Islam yang tidak dimiliki oleh ekonomi konvensional, yaitu pasrah kepada resiko ketidakpastian sebagai ekspresi tawakal dan jangkauang waktu yang tak terbatas (time horizon) dari kehidupan dunia sampai kehidupan akhirat.


Author(s):  
Nizamülmülk Güneş

In Derivatives markets, contracts made concerning an asset or a financial instrument between a buyer and a seller entered into today regarding a transaction to be fulfilled at a future point in time. The derivatives markets incorporate forward, swap, futures and options transactions. Banks, the principle actor in financial markets, finds derivatives favorable in developing countries like Turkey in which there is high interest rates and inflation. It is crucial to express the role of the derivatives markets, whereas the uncertainty concerns are perceived enormously. 2008 mortgage crises, the main cause is stated as to sheer of expectations, which started in US and spread out to all developed and developing countries evoke to encounter against risks intensely. The aim of this paper is to study how efficient is the use of the derivatives market instruments in Turkey, a developing country, by the banks and other financial market actors after the 2008 Global Crises.


2021 ◽  
Vol 7 (Extra-B) ◽  
pp. 203-209
Author(s):  
Nikolai Nikolaevich Romanov ◽  
Aleksandra Ivanovna Zakharova ◽  
Alexandra Fedorovna Bortnik ◽  
Maria Nikiforovna Romanova ◽  
Vladilena Romanovna Abramova

The processes of globalization and related integration that are taking place in the world, as well as the transition to the digitalization of all spheres of human life in the information society, adjustments introduced into people's lives, caused by unforeseen situations that cover the whole world, require a revision of the content of modern education. The relevance of the study is related to the need to search for stable support in a person in a constantly changing world, which inevitably leads to studying the role of the internal as related to the external factor in a person in the education system. The purpose of the article is to reveal the role of the inner world of a person in education. The leading research method was the analysis of the existing theoretical provisions and emerging practice in the spheres of pedagogy and education. The results of the study on the analysis of the role and place of the internal (motivation, impetus as the beginning of development, self-ordering) as related to the external (factors, causes, and conditions).


Author(s):  
Nizamülmülk Güneş

In Derivatives markets, contracts made concerning an asset or a financial instrument between a buyer and a seller entered into today regarding a transaction to be fulfilled at a future point in time. The derivatives markets incorporate forward, swap, futures and options transactions. Banks, the principle actor in financial markets, finds derivatives favorable in developing countries like Turkey in which there is high interest rates and inflation. It is crucial to express the role of the derivatives markets, whereas the uncertainty concerns are perceived enormously. 2008 mortgage crises, the main cause is stated as to sheer of expectations, which started in US and spread out to all developed and developing countries evoke to encounter against risks intensely. The aim of this paper is to study how efficient is the use of the derivatives market instruments in Turkey, a developing country, by the banks and other financial market actors after the 2008 Global Crises.


2000 ◽  
Vol 1 (4) ◽  
pp. 443-464 ◽  
Author(s):  
Claudia M. Buch

Abstract The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated, the home bias will remain. Implications of market integration for the risk-taking and the monitoring of banks are not clear-cut.


Author(s):  
Miraj Ahmed Bhuiyan ◽  
Natalia Sokolinskaya

This study was conducted to research the use of blockchain technology to ensure the competitiveness of tourism and energy investment using a statistical approach. The chapter offers a comprehensive approach to examining the aforementioned topics and confirms the conclusion of the revitalization of the financial market (tourism and energy) development. Moreover, it also plays a role regarding the factors of inflation, devaluation, and proposes benefits – the activation of entrepreneurial activity, expansion of the service sector. Based on the results of the study, financial market (tourism and energy) clients (especially buyers) can benefit most from the lower costs of capital market transactions and securities servicing. Retail and wholesale investors can participate in a larger volume of deals among themselves with guaranteed execution in the open market.


2017 ◽  
pp. 133-138
Author(s):  
Oleksandr Lavryk ◽  
Tetiana Kovalenko

Introduction. The current alternative type of bank lending is the market of financial instruments. Nowadays it is gaining considerable popularity in international practice, but remains rather new in the domestic financial market and beyond. Such situation causes the actualization of scientific research related both to the coverage of the theoretical positions of the functioning of the financial instruments system, as well as to the improvement of practical features of their implementation. At the same time, taking into account bank-centricity of financial market of Ukraine (the assets of banks make over 87 % of combined assets of financial mediators) and absence of the adjusted infrastructure of stocks market, the banks themselves must become the initiators and providers of new financial mechanisms of the investment support of the domestic economy. Purpose. The article aims to determine the features, advantages, disadvantages and consequences of financial instruments usage on the basis of theoretical generalization of the essence and functional characteristics of financial market instruments and carrying out financial and economic analysis of their use. Method (methodology). The implementation of the tasks has been realized with the help of estimation and analysis of methods of risks and financing efficiency, estimation of financial and economic performance, statistical methods. Results. Research of dynamics and structure of financial mediation in the different countries of the world have allowed to draw the following conclusion: prevailing of the bank crediting in the structure of outsourcing of financing of activity of subjects of the real economy in the world, with the exception of Japan and USA; reduction of part of the bank crediting in the combined volume of the credits which have been given in economy by the financial sectors of different countries of the world; increasing of role of financial instruments in economic growth ensuring.


2021 ◽  
Author(s):  
Michelle Poller

The statutory model constitutes BaFin not only as a capital market supervisory authority, but also as an auxiliary authority providing preliminary investigations in criminal matters. This interlocking of supervisory and criminal proceedings conflicts with fundamental and constitutional guarantees. The problem is not unknown, but it has arisen anew as a result of the comprehensive financial market amendment of 2016/17 based on European law. The author elaborates the ambivalent role of the BaFin and analyzes the amended procedural law of the WpHG while comparing it to criminal procedural law. The result is measured against the standard of European Union law, with the focus of her analysis on the freedom from self-incrimination.


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