Methodological Aspects Concerning Evaluation of the Financial Stability of Companies in the Crisis Economy Conditions

The financial stability of a company is one of the most important criteria for assessing the situation of enterprises both for the current period and for subsequent periods of functioning. Of course, every enterprise wants to have business liquidity, otherwise the basis of entrepreneurship collapses; however, the purpose of doing business is to make a profit. An enterprise can make good profits, but at the same time have large liabilities, that is, debts. In this case, it is difficult to call the company financially stable. The onset of the economic crisis in the Russian Federation only prompts the conduct of such studies. Firstly, because it is necessary to understand how the situation in the country's economy as a whole affects a single enterprise, and secondly, what the prerequisites for this influence can be noticed in advance and how to try to prevent them. The relevance of this study lies in the fact that today in Russia there are a number of difficulties with assessing the status of organizations and their adequate comparison with reality. There are many different methods for assessing the financial condition and, in particular, the financial stability of a company. However, when choosing one of them, it is necessary to consider them in order to identify the shortcomings of their application to certain market conditions. Identification of these disadvantages of different theories will allow us to competently and reliably analyse the financial condition of various companies. It is also worth noting that this topic is relevant not only for the companies themselves. The presence of positive dynamics of financial stability indicators as an integral part of the financial condition of the enterprise is one of the most important bases of investment attractiveness. Therefore, not only a company itself is interested in such studies in the inside, but also other market entities from the outside.

Improvement of Tax Regulation Arrangements for the Russian Stock Market

The paper discusses various options for taxation of transactions with securities issued by Russian companies. The study aims to solve the problem of low investor activity in the Russian stock market by transforming the current tax legislation. An assessment of the factors restraining the development of the primary public offerings market is given. The problems of the existing methodology for the formation of the tax base when calculating income tax and personal income tax on transactions with exchange-traded financial assets are analysed. A methodology for providing tax benefits and tax incentives for investors is proposed. An assessment of the effectiveness of tax benefits using an individual investment account is given. A comparative analysis of the amount of taxes paid is carried out depending on the status of an investor and the type of securities. A detailed description of the methods for calculating taxes on stocks, bonds and futures is given. The results of the study consist in substantiating theoretical and practical provisions that allow us to develop an effective mechanism for taxing financial transactions in the securities market. The need is theoretically substantiated and the significance of state support in the stock market for citizens of the Russian Federation is determined. Mechanisms are proposed for cancelling separate accounting for several types of tax bases. The main problems are found and ways to improve the mechanism of taxation of transactions made on the Russian stock market are developed.

Recognition and ranking of organizational performance management based on process-driven approach in state organization

Performance evaluation and the presentation of a comprehensive performance model have always been considered as one of the important concerns of managers. The provision of a comprehensive performance model at the level of state organizations is a matter that has been investigated for many years. The main purpose of this study is recognition and ranking of organizational performance management based on process driven approach in state organizations. This model has been proposed in three dimensions: individual, group and organizational. For this purpose, first, the identification of components has been concerned. So, expert interview tool has been used. In the second part, 384 experts from state organizations were used to examine the fitness of the model. The results of examining of the fitness of the model illustrated that the final model has a suitable statistical fitness. Finally, in order to prioritize the components of the research, analytical hierarchy method and expert choice software were used. The results exhibited that the inconsistency rate at this stage was calculated at the level of 0.09, which indicates the suitability of pairwise of comparisons situation. Organizational factors with weight of 0.48, individual factors with weight of 0.3, and group factors with weight of 0.22 have the highest and lowest weight among the main dimensions respectively.

Internal outsourcing as personnel process optimization in a large company

The article is devoted to the presentation of the study results concerning the practice of personnel processes for the selection and adaptation of personnel in the context of the main functions of personnel management centralization in the form of internal outsourcing. One of the isolated subdivisions of the transport and logistics company of Russia, FESCO, was selected for the study. The company has locations in various cities of the country. In order to increase manageability and ensure the implementation unity of all processes in the company, many functions are centralized, including the function of personnel administration. The tasks of personnel provision are assigned to the personnel recruitment department of the FESCO Service Center. The study was conducted in order to identify problems in the implementation of personnel selection and their adaptation and to determine the possibility of these processes optimization. They used the following research methods: the analysis of approaches to this activity, the survey of the Transport Group employees and the experts of the centralized personnel service, and the timing of their working day. Thus, it was established that the practice of the company personnel recruitment and adaptation has the problems leading to a long-term closing of vacancies and overloading of HR managers. In order to optimize the functions, the possibilities of automating the selection and adaptation of personnel are considered. It is proposed to introduce template mailings into the practice of personnel management, to automate work with sites based on the E-Staff platform. They described the mechanism of work organization on the selection and adaptation of personnel using this platform, the indicators are given. They concluded that the automation of recruiters' activities has a positive effect on the effectiveness of worker recruitment and adaptation.

Identifying and Ranking Implementation Strategies of Human Resources Productivity Improvement Management in IRAN Insurance Company

Improving quality of workforce, acquiring new skills, and identifying factors influencing on human resources productivity will help the organization to strive for its improvement. Deploying management strategies for productivity improvement enables productivity to be promoted as a continuous process, identifying productivity paths, and laying necessary groundwork.This study was conducted to identify and rank human resources management improvement strategies in Iran Insurance Company, with effective and impressionable indicators. To do this, two methods of non-probability and snowball sampling were used, opinions of 15 experts of Iran Insurance Company were considered as the largest insurance supply network in the country. Process of this research was consisted of five steps: a) Identifying factors influencing human resources productivity by studying relevant literature, b) Screening of identified factors using Fuzzy Delphi technique in Iran Insurance Company ,c) Determining interactions and prioritizing factors influencing human resources productivity using Fuzzy Demetel; d) Determining deployment strategies for improving productivity through depth interviews with experts; and e) Ranking productivity deployment strategies using Fuzzy Victor method. Results showed that job satisfaction factor is the most effective and also the highest priority among 15 factors influencing human resources productivity in Iran Insurance Company. Results also showed that establishment of productivity research system ranked as the highest among 7 identified research strategies.

Features of regional investment policy

Current trends in the development of the economy during the period of an unexpected global critical situation caused by the coronavirus and resulting in the financial and economic crisis indicate that there is an accelerated world-wide deglobalization, and a comprehensive transformation of the world community and the economic environment. Modern society highlights the issue of regionalization of the economy. This confirms the relevance and significance of the research topic and issues under discussion, while opening up new facets of the formation of the concepts describing economic security of Russia as a member of the world community. The purpose of the paper is to analyze the implementation of investment policy in the region. The object of the study is the regional investment policy. The subject of the study is features of the regional investment policy of the Primorsky Territory. The paper uses general scientific methods of empirical research, methods of theoretical knowledge, general logical methods and techniques, as well as methods of system analysis, and statistical methods. The paper provides a systematization of the concepts from the category “regional investment policy”; views on the current positions of investment attractiveness of the Russian Federation and the Primorsky Territory are considered. The criteria, features and constituent elements of a regional investment policy are analysed. Factors of investment potential of Primorsky Territory, and also dynamics and volumes of investments in Primorsky Territory are considered.

Problems and prospects of factoring market development in Russia

Under the conditions of the economic crisis and fierce competition, companies are able to efficiently use affordable financial resources such as factoring, which is a competitive business financing tool that meets international standards. The benefits of factoring can be seen in all participants of this service. It is beneficial for suppliers in terms of increasing sales, turnover, and reducing cash gaps. Due to the factoring, buyers obtain commodity loans and provide the optimal use of working capital. Commission merchants increase in their revenues and the number of customers, and strengthen their market positions. In the global market, an increase in factoring regardless of the presence or absence of a crisis leads to an increase in the volume of trade flows. In Russia, the popularity of the factoring is low compared to bank loans, especially among small and medium-sized businesses. The paper analyses the composition of the players in this market, examines the dynamics of the volumes of financing provided, the weighted average cost of factoring in comparison with the interest on loans, the number of participants, and financing by industry and region of the country. Based on an analysis of the current situation and long-term market data, the paper summarizes the problems of factoring in Russia, and identifies key factors for factoring market growth in the future.

Políticas Económicas Implementadas Por El Gobierno De Nicaragua Para Mitigar Los Efectos Negativos Del Covid-19 Sobre La Economía Nicaragüense En El Año 2020

Las Políticas Económicas implementadas por el Gobierno de Reconciliación y Unidad Nacional (GRUN) para mitigar los efectos negativos del COVID-19 en la economía nicaragüense son el principal tema abordado en la presente investigación. En la misma, se valora la naturaleza, fines, objetivos, instrumentos, alcances y resultados de dichas Políticas Económicas.

Exchange Rate Fluctuations & Economy of Pakistan, Time series Analysis (1989-2013)

Economic stability is remained on topmost priority of every country, and different measures were suggested by the researchers worldwide, by moving on the same track study was carried out to predict the currency valuation factors, data were collected from export promotion bureau, state bank of Pakistan, and ministry of finance for 25 years (1989-2013), by using linear regression; currency valuation as dependent variable, exports, changes in external debt, and total reserves as independent variables and concluded that only the exports of Pakistan is a right predictor of currency valuation of the country which policy makers must have incorporate in formation of economic policies and setting the targets before fiscal policy.

Information Technologies and Reaching to Information Society

The quick development of information and communication technologies has made the countries using these technologies a step forward in the global competition. Thanks to the contributions of the public, private sector and non-governmental organizations all over the world since the beginning of the 1990s, there has been considerable progress in reaching the information society. The age we live in is called the information age. In this society where knowledge becomes power, a lot is expected from individuals. There is a need for individuals who can reach the information themselves, question the information they obtain, use them in line with their needs, and have the ability to think scientifically. In this study, analysis of written documents was used. In this respect, the analysis of written documents and documents is an information gathering method used in the qualitative research to support the information obtained both on its own and the interview and observation.