scholarly journals INTERNATIONAL EXPERIENCE OF FUNCTIONING OF THE CREDIT SERVICES MARKET

2020 ◽  
pp. 68-77
Author(s):  
Artur Zhavoronok
Keyword(s):  
Bank Lending ◽  
Developed Countries ◽  
Economic Sectors ◽  
Systematic Analysis ◽  
Scientific Methods ◽  
Credit Score ◽  
Foreign Experience ◽  
The Usa ◽  
General Scientific ◽  
Business Entities

Introduction. The country's economy is still in a state where its development is hampered by the absence of clearly defined, priority programs to stimulate business and economic sectors, including through credit. Bank lending to business entities is an effective way of getting out of the crisis. Strengthening the role of credit relations as a means of stimulating the development of production is manifested in various aspects. Methods. Fundamental economic theories, lending theories, financial studies, as well as research by scholars and foreign scientists are investigated in the research. They used the generally accepted principles of scientific research to make their decision. A number of general scientific methods were used in the process of research, in particular: analogies and logical generalization (to study the prospects of bank lending); systematic analysis (to study the organization of the process of bank lending in the market of credit services), etc. Results. Based on the isolated problems, the foreign experience of countries such as the USA, Germany, Argentina, Mexico, Poland, Canada and Italy was explored, on the basis of which the prospects for improvement of the bank lending mechanism in Ukraine and credit monitoring of the borrower in particular were outlined. Discussion. Given the overseas experience of developed countries, it is possible to distinguish: a combination of different methods of restructuring problem loans; when assessing the potential risk of default on a loan, use different methods of determining it ("SAMRARI", "PARSEL" or "Rule 5 C"); when making class calculations, make corrective adjustments to the credit score of the borrower. Prospects for further studies of the credit services market may be the intensification of bank lending, which certainly implies further liberalization of refinancing policy, taking into account foreign experience. Keywords: credit, credit relations, credit policy, credit services market, bank lending.

scholarly journals Legal instruments for stimulating environmentally friendly behavior: successful practices in Russia and abroad

2020 ◽  
Vol 164 ◽  
pp. 11039 ◽  
Author(s):  
Alexsei Malinovsky ◽  
Dina Osina ◽  
Elena Trikoz
Keyword(s):  
Public Relations ◽  
Environmentally Friendly ◽  
Premature Death ◽  
State Regulation ◽  
Scientific Methods ◽  
Electric Cars ◽  
Foreign Experience ◽  
Advantages And Disadvantages ◽  
The Usa ◽  
General Scientific

This paper presents an analysis of the most successful legal tools to stimulate environmentally friendly behavior of the population. The relevance of studying this issue follows from the disappointing data of the official statistics of the Organization for Economic Cooperation and Development, according to which air pollution can lead to premature death of 6-9 million people by 2060. Using the example of Russia, the EU countries, the USA, India and Japan, the specifics of state influence are revealed with the aim of stimulating “green” behavior of the population, the advantages and disadvantages of various approaches to state regulation in the environmental sphere are considered. Foreign experience is analyzed through the prism of the potential for its further reception in Russia - for example, it is proposed to turn to the practice of India, expressed in the functioning of a separate environmental court; special attention is paid to foreign experience in providing benefits and state assistance in the acquisition of electric cars. Despite the fact that achieving socially desirable behavior is possible through the imposition of sanctions, measures to stimulate environmentally friendly behavior can also be an effective way of influencing public relations, as they can lead to the formation of environmental legal awareness, lead to conscious and responsible, socially active behavior in relation to the environment. In the process of preparing the paper, an extensive regulatory and scientific material was studied (including using the legal research services such as Consultant Plus, Garant and Westlaw Academics), and the research methodology was both special legal (rather-legal, technical) and general scientific methods (analysis, synthesis, deduction, induction, etc.).

Modernizing the lending facility under concession agreements

2020 ◽  
Vol 26 (7) ◽  
pp. 1590-1609
Author(s):  
V.A. Rakhaev
Keyword(s):  
Financial Structure ◽  
Bank Lending ◽  
Early Termination ◽  
Scientific Methods ◽  
Financial Condition ◽  
Revenue Collection ◽  
Analysis And Synthesis ◽  
Financing Mechanism ◽  
General Scientific ◽  
The Russian Federation

Subject. The article addresses modernization of lending facilities under concession agreements. It is important for evaluating the terms of credit transactions, effectiveness of credit projects, and the concessionaire's ability to repay the loan. Objectives. The purpose is to review the current financing mechanism and underpin approaches to improving the credit facilities within concession agreements. Methods. The study rests on general scientific methods, like the systems and logical analysis and synthesis, principles of induction and deduction, financial calculation techniques. The analytical part employs the balance method, methods of financial coefficients and the method of technical and economic estimates. Results. I analyzed the financial structure and special characteristics of concession agreements, parameters of concessionaires’ activities; considered the types of risks inherent in bank lending under concession agreements, methods for their identification and mitigation; offered a mechanism of lending, including the structure of credit transactions, restrictions for the financial condition of concessionaires, additional requirements and penalties for their non-fulfillment. The findings can help banks define lending parameters for concession agreements. The provided recommendations may be useful for consideration by the authorities of the constituent entities of the Russian Federation. Conclusions. It is possible to reduce the risks of lending under concession contracts, if their terms and conditions are stable, and if the lost income of concessionaires is compensated in the event of early termination. Reasonable tariffs for works and services and increased revenue collection will promote this type of lending.

Verification of the typical ratio between both the number of households and business entities (quantum satis) for selected countries

2017 ◽  
Vol 62 (7) ◽  
pp. 18-24
Author(s):  
Józef Hozer ◽  
Szymon Machała
Keyword(s):  
Regression Function ◽  
Developed Countries ◽  
Economic Liberalism ◽  
The Usa ◽  
Business Entities

There is a G = αX ratio between the number of households (G) and the number of business entities (X), where α equals 5.00 for well-developed countries. The aim of the study was to verify this proportion (called ”quantum satis”) for countries with significant number of population in the period of 2010—2016. It involved countries such as Brazil, Canada, China, India, Poland, Russia and the USA on the basis of data obtained from the statistical offices websites and the OECD. The formulas of the regression function were used in the research. In 2016 such proportion was reached by Russia and China. For the economies of highly developed countries the value of α may be less than 5,00, which is influenced by processes such as outsourcing, entrepreneurship and economic liberalism (such countries include i.a. the USA and Canada).

scholarly journals INTERNATIONAL EXPERIENCE OF ASSESSMENT OF CREDIT CAPACITY OF BORROWERS BY COMMERCIAL BANKS

2021 ◽  
Author(s):  
Natalia Ostrovska
Keyword(s):  
Commercial Banks ◽  
System Analysis ◽  
Bank Lending ◽  
Management Skills ◽  
Loan Portfolio ◽  
Scientific Methods ◽  
Financial Condition ◽  
Credit Risks ◽  
Scientific Principles ◽  
General Scientific

The country's economy is still in a state where its development is hampered by the lack of clearly defined, priority programs to stimulate entrepreneurship and industries, including through credit. Bank lending to businesses is an effective way out of the crisis. The strengthening of the role of credit relations as a means of stimulating the development of production is manifested in various aspects. The purpose of the article is to analyze and assess the creditworthiness of borrowers by commercial banks in the international space and the possibility of their introduction into the mechanism of bank lending, which is based on world practice. The study uses the fundamental provisions of economic theory, credit theory, banking, as well as studies of domestic and foreign scholars. General scientific principles of conducting complex scientific researches were used to solve the set tasks. In the process of research a number of general scientific methods were used, in particular: analogies, logical generalization and system analysis. Based on the identified problems, foreign experience was studied, on the basis of which the prospects for improving the assessment of creditworthiness of borrowers by commercial banks in Ukraine were identified. Based on studies of various methods of assessing creditworthiness, set out in the economic literature and used in banking practice, the author proposes an improved method of assessing the creditworthiness of a legal entity, which includes analysis of both quantitative and qualitative indicators of the borrower (financial condition, collateral, credit history, management skills). the borrower's ability to repay the loan). This method contains a sufficient, in the author's opinion, a set of indicators that will allow you to make decisions on the loan agreement and minimize credit risks. To reduce the risks of the loan portfolio, measures should be applied both at the level of risk management of the loan portfolio as a whole and at the level of the specific borrower.

scholarly journals Current Trends in the Development of Mechanisms of State Stimulation in the Manufacturing Industry in Developed Countries

2019 ◽  
Vol 12 (3) ◽  
pp. 118-127
Author(s):  
N. M. Abdikeev ◽  
Yu. S. Bogachev ◽  
E. L. Moreva
Keyword(s):  
Manufacturing Industry ◽  
Developed Countries ◽  
The United States ◽  
Scientific Methods ◽  
Leading Role ◽  
Current Trends ◽  
Foreign Countries ◽  
General Scientific ◽  
Effective Use ◽  
Stimulation Of

The need to ensure the transition of Russia to the six technological mode, of creation of the adequate conditions for this and effective management of such a transition, make the authors turn to the analysis of modern mechanisms used for this purpose, including the state stimulation of the manufacturing industry, which has a leading role in the consolidation of such a transition. The difficulties faced by our country in this task make us turn to the study of the experience of foreign countries that have succeeded in this transition. These includeGermany,Japanand theUnited States, which have long been the steady leaders in the development and use of advanced technologies and in the development of the manufacturing industry as well. The subject of our study was the assessment of the mechanisms of state incentives for manufacturing industry used in countries with developed market economies, through the prism of the objectives and approaches to the functional purpose of the sector. The aim of the study was a determination of the limits of effective use of the mechanisms of state stimulation of the manufacturing industry inGermany,Japanand theUnited States. The methodological basis of the study was: general scientific methods of cognition and research, including system and logical methods, analysis, synthesis, analogy; branch scientific methods, such as economic comparative studies, etc. The analysis of the use of mechanisms of state stimulation of the manufacturing industry in Germany, Japan and the United States shows that the effective use of well-established and well-known in the world mechanisms of state stimulation of manufacturing industry requires in each case a separate integrated and balanced approach to their application with a clearly defined target focus of such use, as well as taking into account the specifics of the entities to which they are addressed, and the multilevel environment in which they operate.

scholarly journals FOREIGN EXPERIENCE IN ELECTRONIC TAX ADMINISTRATION AND THE POSSIBILITIES OF ITS USE IN UKRAINE

2019 ◽  
Vol 4 (5) ◽  
pp. 240
Author(s):  
Nataliia Ortynska ◽  
Liudmyla Savranchuk ◽  
Svitlana Matchuk
Keyword(s):  
Legal Framework ◽  
Tax Administration ◽  
The European Union ◽  
Legal Doctrine ◽  
Scientific Methods ◽  
Foreign Experience ◽  
Foreign Countries ◽  
Domestic Legislation ◽  
Effective System ◽  
The Usa

The aim of the article is to study the foreign experience of electronic tax administration on the basis of the analysis of scientific literature, and as well as to determine the possibilities for its use with further improvements of domestic legislation in this field in Ukraine. The subject of the study is the foreign experience of electronic tax administration and the possibility of its use in Ukraine. Methodology. The research is based on the dialectical method of scientific knowledge and on general scientific methods, which are based on it, such as: analysis, comparison, analogy, induction, and others. Results of the conducted study have shown that today there is a large number of countries where the digital tax format functions effectively and constantly develop. It is substantiated that the use of the experience provided in the article will give an opportunity to build a simple and effective system of electronic tax administration in Ukraine. And this fact, of course, will influence positively on the financial sphere in Ukraine. Practical impact. The positive experience of establishing a legal framework for the provision of electronic tax administration in foreign countries proves that the digital tax format functions effectively and is constantly developing. Besides, some practices of these countries in the field of electronic tax administration can be rather positive for implementation in the territory of Ukraine. Correlation/originality. Conducting a comparative analysis of the legislation and legal doctrine of Ukraine, and the countries of the European Union and the USA regarding the legal provision of electronic tax administration is the basis for developing the most promising directions of development of domestic legislation in the financial sector of the entire Ukrainian state.

The Eurasian Technology Platforms As Attractors of Scientific, Technological and Industrial Integration Within the EAEU: The Analysis of the Legal Framework

Legal Concept ◽  
2021 ◽  
pp. 12-23
Author(s):  
Mark Shugurov ◽  
Keyword(s):  
Legal Framework ◽  
Legal Regulation ◽  
Member States ◽  
Systematic Analysis ◽  
Scientific Methods ◽  
Legal Provisions ◽  
Technology Platforms ◽  
Legal Model ◽  
Legal Foundations ◽  
General Scientific

Introduction: in the context of expanding and deepening the cooperation between the EAEU member states in the field of science, technology, and innovation, which is provided for in the Strategic Directions for the Development of the Eurasian Economic Integration until 2025, the importance of improving the legal regulation of such joint innovation and infrastructure facilities as the Eurasian Technology Platforms (ETP) is increasing. The purpose of the study is to develop a comprehensive conceptual understanding of the purpose of the legal regulation of the ETP at the level of Union law in terms of the legal model used. The objectives of the study are 1) to establish the correlation of the structure of the legal foundations of the ETP with the structure of Union law; 2) to undertake a systematic analysis of the scale of consolidation of the normative legal provisions in the sources of Union law that have different legal force; 3) to predict the development of the legal foundations of the ETP. Methods: the general scientific methods (system, structural and functional), the specific scientific methods (comparative-legal, dogmatic legal). Results: the classification of the legal bases of the scientific and technological integration of the EAEU member states based on the ETP is proposed. Conclusions: further development of the legal foundations of the functioning of the ETP will involve following their established legal model while simultaneously developing it in the direction of combining the expansion of the international treaty provisions and the expansion of the provisions of the regulatory legal acts of the Union bodies, as well as the inclusion of the provisions on interaction within the ETP into interstate programs.

Prevention of Violations of Mandatory Requirements by Antimonopoly Authorities

2021 ◽  
Vol 8 (3) ◽  
pp. 105-112
Author(s):  
Pavel P. Kabytov
Keyword(s):  
Preventive Measures ◽  
Legal Regulation ◽  
Management Science ◽  
State Control ◽  
Prevention Measures ◽  
Scientific Methods ◽  
Logical Interpretation ◽  
Antitrust Laws ◽  
General Scientific ◽  
Business Entities

The reform of control and supervisory activities of business entities, which has been going on for several years, is aimed at increasing the level of security and eliminating excessive administrative burden. At the same time, one of the fundamental principles formulated in modern management science states that prevention is more important than enforcement. In such circumstances, it is crucial to achieve the goals of the ongoing reform of control and supervision activities, such as the reorientation of control (supervisory) bodies from the detection and suppression of offenses to their prevention. The implementation of this direction is conducted through the introduction in various areas of a set of measures aimed at preventing violations of mandatory requirements. The purpose of the study is to systematize the forms and methods used by antimonopoly units to prevent violations. The methods include formal-legal, formal-logical, interpretation of law, as well as general scientific methods. According to the results of the study, the author concludes that the implementation of various forms and methods of state control directly aimed at preventing violations of mandatory requirements, such as preventive measures, administrative prevention measures, and preliminary control, plays an increasingly important role in the activities of antimonopoly authorities. The author has formulated proposals for improving the legal regulation and practice of preventing violations of mandatory antitrust laws by the antimonopoly authorities.

Digital Strategies for the Transnationalization of the Banking Business: International Experience and Russian Practices

2021 ◽  
Vol 27 (7) ◽  
pp. 557-568
Author(s):  
A. R. Akhmetova ◽  
T. A. Subtselnaya
Keyword(s):  
Banking Sector ◽  
New Technologies ◽  
Developing Economies ◽  
Developed Countries ◽  
Successful Implementation ◽  
Scientific Methods ◽  
Economic Relations ◽  
Goods And Services ◽  
Banking Business ◽  
General Scientific

Aim. The strengthening of globalization processes goes hand in hand with the intensification of international trade in goods and services, the structure of which depends on the decisive influence of new technologies that change the nature of cross-border cooperation. This determines the goals for studying the development of transnational banking with allowance for digitalization, which serves the purpose of maintaining economic relations at this level.Tasks. The authors consider digital technologies in banking as a resource that ensures the successful implementation of banking strategies aimed at reaching the transnational level of operation.Methods. This study uses theoretical and general scientific methods of systems, logical, structural, and comparative analysis.Results. It is established that changes taking place in the transnational banking business are primarily associated with the decreasing growth of the banking sector in developed countries and the increasing financial influence of countries with transitional and developing economies, including Russia.Conclusions. Based on a review of the international and Russian experience of digitalization in the banking sector, it is concluded that an efficient strategy for the development of transnational banking involves the integration of digital and non-digital resources. The goal of this process is to develop a brand-new service for providing access to innovative banking products and services, allowing the bank to remain competitive.

scholarly journals Mechanisms for Incentivizing Top Managers of the Company in the Long Term

2021 ◽  
pp. 81-94
Author(s):  
I. I. Ordinartsev
Keyword(s):  
Large Scale ◽  
Synthesis Method ◽  
Developed Countries ◽  
Top Management ◽  
Compensation Plans ◽  
Scientific Methods ◽  
Top Managers ◽  
Legislative Framework ◽  
General Scientific ◽  
Option Compensation

Motivating and rewarding company employees requires constant development and improvement the remuneration of the top management of the company is especially difficult. For this, compensation plans are being developed, which can be conditionally divided into two groups: bonus and stock-based option programs. Bonus programs provide for large-scale remuneration of managers based on the company’s performance in the current year. Compensation plans that reward top management with shares are effective. Such programs are developed only for selected top managers who have a direct impact on the financial results of the company.The purpose of the study is to substantiate the optimal mechanisms for remunerating top managers in Russian conditions and to determine the directions for the development of compensation plans. The object of the research is the mechanisms of involvement and motivation of managers. The subject of the research is the remuneration of the top managers of the company. Methods and methodology of work. General scientific methods were used, such as analysis, synthesis, method of classification and typology, generalization, abstraction, modeling. It has been established that in Russia it is advisable to use «phantom» shares because the domestic legislative framework does not define the mechanisms of reward with shares as broadly as is customary in developed countries. It is also recommended to apply bonus programs with payments in installments for 2–3 years. Directions have been identified to improve the effectiveness of bonus and option compensation plans in Russia.

Sign in / Sign up

Export Citation Format

Share Document