What kind of Russian firms get state support? The analysis of changes in priorities under crisis conditions

2020 ◽  
pp. 47-62
Author(s):  
Andrei A. Yakovlev ◽  
Nina V. Ershova ◽  
Olga M. Uvarova
Keyword(s):  
Social Development ◽  
Organizational Support ◽  
Manufacturing Firms ◽  
Business Associations ◽  
State Support ◽  
Support Provision ◽  
Manufacturing Enterprises ◽  
State Participation ◽  
Crisis Conditions ◽  
Different Levels

The paper analyzes the shifts in government priorities in terms of support of big and medium manufacturing enterprises amid 2008—2009 and 2014—2015 crises. Based on the data of 2009, 2014 and 2018 surveys of Russian manufacturing firms, using logit regressions we identify factors that affect the receipt of financial and organizational support at different levels of government. The analysis shows that in 2012—2013 the share of manufacturing firms that received state support shrank significantly as compared to 2007—2008; moreover, the support concentrated on enterprises that had access to lobbying resource (such as state participation in the ownership or business associations membership). In 2016—2017 the scale of state support coverage recovered. However, the support at all levels of government was provided to firms that carried out investment and provided assistance to regional or local authorities in social development of the region, while the factor of state participation in the ownership became insignificant. The paper provides possible explanation for these shifts in the criteria of state support provision in Russia.

scholarly journals SYSTEM OF PROVIDING FINANCIAL AND ECONOMIC SECURITY OF PUBLIC-PRIVATE PARTNERSHIP

2021 ◽  
Author(s):  
Olesia Solodovnik
Keyword(s):  
Organizational Support ◽  
Economic Security ◽  
Coordination Mechanism ◽  
Economic Management ◽  
Protective Mechanisms ◽  
Economic Interests ◽  
Effective System ◽  
Crisis Conditions ◽  
Different Levels

The article identifies that the pandemic crisis has significantly increased the role of public-private partnerships (PPPs), which enable the involvement of private sector resources and competencies for the implementation of socially significant projects. It is justified that in order to achieve the goals of PPPs in crisis conditions, the formation of an effective system of ensuring its financial and economic security becomes especially important. To conceptualize this process, the essence of the categories “financial and economic security of PPPs” and “strategy to protect the financial and economic interests of PPPs’ parties”, which constitute the theoretical basis for the formation of the system of financial and economic security of the PPP, is identified; the principles of building a system of financial and economic security of the PPP, its main purpose and objectives, its components (elements) are formulated, as: subjects of financial and economic security of PPPs, strategy to protect the financial and economic interests of PPPs, organizational and economic mechanism ensuring the protection of financial and economic interests of PPPs’ parties, the coordination mechanism for ensuring the protection of the financial and economic interests of the PPPs’ parties. It is emphasized that the allocation of such a component of the system of financial and economic security of PPPs as a coordination mechanism to protect the financial and economic interests of PPPs, is due to the specifics of PPPs, in particular: PPPs’ parties have different interests to be agreed; opportunities for complimentary use of protective mechanisms of partners, which provides a synergistic effect of PPP; the affiliation of PPPs’ parties to different levels of the hierarchy of economic management, which affects the format of their interaction and organizational support of PPPs. The expediency of creating a working group of specialists representing the PPPs’ parties and, in addition to their main functions, dealing with the financial and economic security of PPPs is justified, its tasks are defined, which allows to form organizational support for cooperation of partners to build protection of their interests on a complimentary basis.

Peculiarities of improving interbudgetary relations in conditions of authorities’ decentralization

2020 ◽  
pp. 46-54
Author(s):  
Zenoviy Siryk
Keyword(s):  
Economic Development ◽  
Social Development ◽  
Social Services ◽  
The State ◽  
Major Objective ◽  
Formal Approach ◽  
Advantages And Disadvantages ◽  
Local Areas ◽  
And Control ◽  
Different Levels

Ukraine is a unitary state, yet historically various regions, oblasts, districts, and local areas have different levels of economic development. To secure sustainable economic and social development and provide social services guaranteed by the state for each citizen according to the Constitution, the mechanism of redistribution between revenues and expenditures of oblasts, regions, and territories through the budgets of a higher level is used. The paper aims to research the peculiarities of improving interbudgetary relations in conditions of authorities’ decentralization. The paper defines the nature of interbudgetary relations. The basic and reverse subsidies to Ukraine and Lvivska oblast are analyzed. The advantages and disadvantages the communities face at changing approaches to balancing local budgets are determined. Regulative documents that cover the interbudgetary relations in Ukraine are analyzed. Special attention is paid to the problem of local finances reforming, including the development of interbudgetary relations. The scheme of the economic interbudgetary relations system in Ukraine is developed. The ways to improve the system of interbudgetary relations in Ukraine are suggested. The negative and positive aspects, advantages, and disadvantages of the system of interbudgetary relations in Ukraine require the following improvements. 1. It is necessary to avoid the complete budget alignment in the process of budgets balancing by interbudgetary transfers as the major objective. 2. The interbudgetary transfers should be distributed based on a formal approach. 3. The changes have to be introduced to the calculation of medical and educational subsidies in terms of financial standard of budget provision to avoid the money deficit for coverage of necessary expenditures. 4. There is a need to improve interbudgetary relations at the levels of districts, villages, towns, and cities of district subordination. 5. Improvement of the mechanism of targeted benefits provision, their real evaluation, and control for the use of funds.

scholarly journals Determinants of Capital Structure on Trading and Manufacturing Enterprises: A Case of Nepal

NCC Journal ◽  
2019 ◽  
Vol 4 (1) ◽  
pp. 163-170
Author(s):  
Shanker Dhodary
Keyword(s):  
Capital Structure ◽  
Comparative Research ◽  
Manufacturing Firms ◽  
Coverage Ratio ◽  
Manufacturing Enterprises ◽  
Corporate Capital ◽  
Secondary Sources ◽  
Growth Opportunity ◽  
Corporate Capital Structure ◽  
Size Growth

This study mainly aimed at examining the determinants of capital structure in Nepalese trading and manufacturing firms. The study has covered eleven major on-financial enterprises of trading and manufacturing firm’s specific variables. Firm’s size, growth opportunity, asset tangibility, profitability, firm’s age, liquidity and interest coverage ratio have selected as variables to examine their effect on corporate capital structure. The study used both descriptive and causal comparative research design to examine the determinants of capital structure. Data required for undertaking the study were collected from secondary sources. For each enterprise, financial data for 10 fiscal years covering the period of F/Y 2005/2006 to F/Y 2015/2016.The study concluded that asset tangibility, profitability, liquidity and interest coverage ratio are the major determinants of corporate capital structure in Nepalese trading and manufacturing firms.

A quantile regression approach to trail financial performance of manufacturing firms

2019 ◽  
Vol 20 (3) ◽  
pp. 290-310
Author(s):  
Swagatika Nanda ◽  
Ajaya Kumar Panda
Keyword(s):  
Quantile Regression ◽  
Financial Performance ◽  
Large Scale ◽  
Service Sector ◽  
Business Environment ◽  
Manufacturing Firms ◽  
Policy Implications ◽  
Content Type ◽  
Regression Approach ◽  
Different Levels

Purpose The purpose of this paper is to track the financial performance of manufacturing firms at different levels of their conditional quantiles. It also analyzes the relevance of revenue and cost channels along with key firm-specific parameters that influence firm’s profitability. Design/methodology/approach The study analyses a sample of 1,000 manufacturing firms over a study period spanning from 2000 to 2016. It uses both quantile regression and panel ordinary linear square (OLS) models to analyze the financial performance of the firms. Findings The study finds large scale of heterogeneity among the firms under different quantiles of profitability. Export earnings, firm size, asset turnover and volatility of exchange rate are the decisive determinants of financial performance across all quantiles. Financing assets by current debt is negatively impacting return on assets and return on capital employed of firms from lower quantile whereas profitability is positively impacted if they are financed by long term debt. Debt financing of assets does not make any sense for firms with high quantile of profitability. The study also finds that quantile regression approach is a better method than panel OLS models in the presence of highly heterogeneous and non-normal distributions. Research limitations/implications This study is limited to the financial performance of manufacturing firms and does not consider service sector which is also equally competitive. However, a sector wise analysis of firm’s profitability could be more meaningful than comparing all the firms in one basket of manufacturing domain. Practical implications The research findings have both practical as well as policy implications. Practically, the study helps the firm managers to identify critical success factors that significantly influence firm’s financial performance at different levels of profitability. It also helps the policy makers to align policy focus to stabilize firms at lower level of profitability and also to manage conducive business environment for all firms at different levels of their profitability. Originality/value The study provides a deep theoretical underpinning of literatures on firm’s financial performance and empirically investigates it using advanced methodology. The robust estimates of the study ensure to analyze financial performance under revenue and cost channels at diverse level of their profitability.

scholarly journals Influence of information and legal policy on the legal consciousness of an individual in conditions of information dependence: theoretical and legal aspects

2020 ◽  
Author(s):  
С.М. Воробьев ◽  
С.А. Комаров
Keyword(s):  
Organizational Support ◽  
Social Reality ◽  
Legal Aspects ◽  
Internal Communication ◽  
Legal Consciousness ◽  
Legal Environment ◽  
Legal Policy ◽  
Mutual Regulation ◽  
The Subject ◽  
Different Levels

В статье проведен анализ существования информационной зависимости разного уровня, предопределяющей развитие информационно-правовой политики. В работе рассматриваются некоторые теоретико-правовые аспекты, раскрывающие особенности влияния информационно-правовой политики на правосознание, посредством имеющейся между ними внутренней связи. Авторы считают, что индикаторами внутренней связи выступает правовая среда и социальная действительность; субъектный состав организационного обеспечения; информация как объект взаимного регулирования. При этом настоящая статья отражает субъективную позицию авторов по данной проблематике. The article analyzes the existence of information dependence at different levels, which determines the development of information and legal policy. The paper considers some theoretical and legal aspects that reveal the features of the influence of information and legal policy on legal awareness, through the internal connection between them. The authors believe that the indicators of internal communication are the legal environment and social reality; the subject structure of organizational support; information as an object of mutual regulation.

scholarly journals FORMATION OF CLUSTERS IN THE AGRARIAN SPHERE OF THE NATIONAL ECONOMY IN THE CONDITIONS OF GLOBALIZATION

2018 ◽  
pp. 30-35
Author(s):  
Serhiy Nadvynychnyy
Keyword(s):  
Economic Development ◽  
Policy Implementation ◽  
National Economy ◽  
Cluster Model ◽  
Synergetic Effect ◽  
Cluster Policy ◽  
Agrarian Sector ◽  
State Participation ◽  
Cluster A ◽  
Different Levels

The article substantiates the essential content of the agrarian cluster. A number of advantages, which are obtained by economic entities in the agrarian sector from the synergetic effect of clusterization in the economic development and productivity of the regions, are distinguished. Based on international experience, the specific features of the cluster are defined. Four typical variants of cluster policy implementation are formed at different levels of state participation. They can be applied in Ukraine depending on the specifics of the regions. The cluster model of agrarian sphere development is proposed.

scholarly journals O ensino profissionalizante e suas novas artes de governamento: os Institutos Federais de Educação, Ciência e Tecnologia

2013 ◽  
Vol 2 (1) ◽  
Author(s):  
Tatiana Teixeira Silveira ◽  
Maria Rita De Assis César
Keyword(s):  
Social Development ◽  
Vocational Education ◽  
Michel Foucault ◽  
Technical Education ◽  
Science And Technology ◽  
Neoliberal Governmentality ◽  
Brazilian Government ◽  
Fundamental Dimension ◽  
Education Science ◽  
Different Levels

Resumo: O artigo investiga o processo de criação dos Institutos Federais de Educação, Ciência e Tecnologia, por parte do governo Federal, através da lei nº 11.892 de 29 de dezembro de 2008, demonstrando o interesse recente pela educação profissionalizante como um segmento fundamental para o desenvolvimento econômico e social do país. Para tanto, são utilizados conceitos criados e empregados por Michel Foucault em suas obras da segunda metade dos anos de 1970, como biopolítica e governamentalidade neoliberal. A análise deve mostrar que a reformulação das instituições destinadas ao ensino profissionalizante em nosso país requer novas maneiras de pensar a educação técnica no que concerne aos diversos níveis de ensino destinados atualmente a essa instituição. O que se pretende é analisar criticamente a formação do profissional técnico, atualmente imerso nas regras da economia de mercado neoliberal, por meio dos conceitos de empreendedorismo e empregabilidade. Palavras-chave: governamentalidade neoliberal. biopolítica. políticas públicas. ensino profissionalizante. VOCATIONAL EDUCATION AND ITS ARTS OF GOVERNMENTS: THE FEDERAL INSTITUTES  OF EDUCATION, SCIENCE AND TECHNOLOGY Abstract: The text investigates the foundation of the Federal Institutes of Education, Science and Technology by the Brazilian Government through the law  11.802, publish on December 29th, 2008. It’s a recent movement concerning professionalizing education, understood as a fundamental dimension for the country’s economic and social development. The analysis employs Foucauldian concepts from the second half of the 1970’s, such as biopolitics and neoliberal governmentality. We point out that this reframing of Brazil’s professionalizing education calls for a new understanding of technical education in the different levels in which it is implemented in such Institutes. We shall also critically investigate the technical professional formation, nowadays immersed in the neoliberal market’s economy, thru the concepts of entrepreneurism and empregability. Keywords: Governmentality. Biopolitics. Public policies. Professionalizing teaching. 

scholarly journals The Moscow youth’s resources of successful adaptation to the economic crisis and factors of enhancing their adaptation potential

2019 ◽  
Vol 19 (3) ◽  
pp. 443-457
Author(s):  
E. V. Shlykova
Keyword(s):  
Social Development ◽  
Economic Crisis ◽  
Urban Youth ◽  
Family Income ◽  
Methodological Approach ◽  
Value Orientations ◽  
Adaptation Potential ◽  
Successful Adaptation ◽  
Crisis Conditions ◽  
High Level

The article presents the features of the adaptation potential of the urban youth as the most successfully adapting to the crisis group of the Russian population. Based on the results of the secondary analysis of empirical data, the author emphasizes the lack of scientific knowledge about the factors contributing to the successful adaptation of the megapolis youth to the social-economic crisis. The article explains the necessity to use a special methodological approach to the study of adaptation of young people to crisis conditions, which takes into account the complex of resources involved in adaptation and social development. Based on the P.S. Kuznetsov’s complex model of social development resources ensuring successful adaptation of the youth, the author conducted empirical interpretation and operationalization of the notion “youth’s adaptation potential” using seven sets of resources: material, self-preservation, regulatory, reproductive, communicative, cognitive and self-realization. Based on the monitoring of the Institute of Sociology of the FCTAS RAS, the author identifies the factors for successful adaptation of the Moscow youth to the economic crisis: high family income; search for additional earnings rather than waiting for help from government and public structures; small cash savings; the indirect impact of the crisis and the high assessment of one’s financial situation; high level of readiness to take material, social and financial risks; stability and security in the workplace, the ability to realize one’s skills; high level of communicative resources; high level of education, a broad outlook and motivation for self-education; value orientations that contribute to an active adaptation strategy; positive attitude to achieving life goals. The article presents some recommendations for decision makers in the field of youth policy aimed at strengthening the adaptive potential of the Moscow youth and successful models of adaptation to crisis conditions in everyday practices.

Mental Illness Among Formosan Aborigines As Compared with the Chinese in Taiwan

1962 ◽  
Vol 108 (453) ◽  
pp. 134-146 ◽  
Author(s):  
Hsien Rin ◽  
Tsung-Yi Lin
Keyword(s):  
Mental Illness ◽  
Mental Disorders ◽  
Social Development ◽  
Chinese Population ◽  
Characteristic Features ◽  
Relationship Of ◽  
The Relationship ◽  
Different Levels

Following the socio-psychiatric surveys on the Chinese population in three communities from 1946 to 1948 (Lin, 1953), similar studies were carried out in Taiwan (Formosa) from 1949 to 1953 on four aboriginal tribes. The purpose of these studies was to investigate the characteristic features of mental disorders among the aborigines and the relationship of the occurrence of mental illness to their differential levels of social development. The present paper reports the main results of the comparative psychiatric surveys on 11,442 aborigines distributed among tribal groups of different levels of acculturation.

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