Corporate Governance in the Digital Economy

The task of organizing corporate governance of groups of business systems that carry out industrial activities in the Industry 4.0 paradigm and are focused on a single market segment is considered. The subjects of governance are defined as residents of corporate business relations (stakeholders) who provide management or action the business as an investor, owner, lender, etc. The objects of governance are defined as business systems and their groups (business complexes, State corporations) formed as a result of institutional and infrastructural transformations in the primary and aggregated parts of industry. The innovative component (subject), corresponding to the globalization of economic and digitalization of business processes, introduced an information system into the management channel that performs modeling and evaluating the effectiveness of corporate business relations in a virtual environment using digital twins of governance objects. Digital twins are the information components of a virtual corporation deployed on a platform of a decentralized ecosystem. The criterion for the quality of governance is the effectiveness of the corporation, formed in a balanced space of parameters relevant to financial and production indicators. The technology is described and the scheme of the corporate governance system is presented, which complementarily combines the action of business management systems and artificial intelligence (scheduler) of the virtual environment on the groups. It is proposed to extend the mechanisms of corporate governance to the business relations of the parties regulated in the digital institutional environment by electronic procedures.

Mobilizing the Synergy Potential of Digital Platform in Managerial Education

The article studies modernization of digital platform potential in order to coordinate interaction of practice, science and education in the field of management. The key focus is made on the fact that as a result of digital organization development the role of virtual space becomes prevailing in managers’ work and nearly all traditional methods of management undergo drastic changes. Unique processes of managing digital organizations require revision of methodological approaches to the problem of sustainable development in conditions of digital transformation, which mainly has a turbulent character. It is underlined that the major problem of today’s management is the vague definition of different notions, whose understanding is crucial for managers, who otherwise cannot link digital strategy with their work. The article used materials and findings of fundamental and applied research done by authors within the frames of budget, business and initiative development of innovation, industrial and educational products. Testing of these solutions proved their need in the field of practical management, scientific research and managerial education.

Using Options and Futures as Tools of Capital Increase in Digital Economy

The article provides basic notions of derivative market, shows what these finance tools are, how they work and how capital can be increased with their help. By citing examples from historical development and simple conventional examples the mechanism of derivatives’ functioning was explained and their links with underlying assets were studied, for instance it was shown how the value of exchange tool can enter the negative zone. Exchange and OTC markets were analyzed, their value was investigated on the basis of historical statistics of international finance institutions and mechanisms of their interaction with regulators on the territory of the Russian Federation and abroad were researched. Strategies of using these finance tools for speculation, hedging and arbitration were demonstrated, their advantages and disadvantages were identified. As a result the authors put forward strategy of entering overestimated market with the help of options.

Key Trends in Esg-Agenda Development: Reviewing the Situation in Russia and the World

The article studies successive implementation of the concept of sustainable development on the international and Russian market starting with the official formulating the concept in the report ‘Our Common Future’, which was presented by the UN in 1987 and till the latest trends of national economy of the Russian Federation. The author provides the gist of key aspects and notions of ESG-approach to management, analyzes their rise and assesses the degree of their academic elaboration and practical use in Russia. On the basis of the current trend analysis a conclusion was drawn about the importance of introducing the concept of management from ESG-standpoint on all levels of economy. Scientific generalization of practical experience allowed the author to come to the conclusion that international trends of sustainable development will determine the general line in ESG-approach to management of social and economic development in Russia on all levels – from federal to corporate one. The article identifies key regulator trends in carbon regulation, the development of tools of green and responsible financing, commitments on ESG-information revealing and risk management. The latest initiatives of big state, public and finance companies in issuance of green bonds were described, as well as acute trends in the state regulator work in ESG- sphere.

Developing Society Integrity and Cultural Code by Means of Social and Cultural Activity as Factor of Ensuring National Security

Trends of developing relations in today’s society, spread of digital technologies and restrictions in movement during the last year showed a rising diffusion of society, split of opinions and weakening of the cultural code of the Russian population. The article studies sources of these changes and searches for solutions based on means of social and cultural activity. It is well known that cultural code is formed for decades and it is the social and cultural sphere that can concentrate this process and direct it to strengthening of national self-identification, rise in the rate of patriotism, education and wellbeing of the population. The process of shaping the civil society in the post-soviet period is based on pursuing cultural policy financed at the expense of the country budget, in contrast to western countries. This aspect makes us think about the necessity to change means and methods of social and cultural activity with due regard to processes of society digitalization. At the same time cultural policy acts as a significant section of the system of national security, as a way of shaping civil society, keeping cultural values and traditions. The research showed that non-linear interaction of such tensors, as sustainable development, corporate social responsibility, national security, digitalization, technologization of society can seriously affect the processes of diffusion of society integrity, destruction of its cultural code and sovereignty of state as it is. Preserving the cultural code as a foundation of national culture and overcoming problems of society diffusion are possible in case the state participation in reforming approaches to pursuing cultural policy is extended. A separate aspect is developing the HR potential of cultural institutions of the future oriented to advanced technologies, continuous learning the achievements of psychology as a science, which can create patriotic feelings in society promoting values of cultural inheritance as a foundation of national identification.

Assessing Economic Security of the Russian Federation in Technological Field

The article studies elements of technological sphere, such as science, technology and innovation. Appraisal of economic security of Russia was conducted by using methodology of utmost crucial indicators. The most important indicators and their crucial values based on the principle ‘resources – results’ were selected, which gave an opportunity to estimate the efficiency of resource investment and their use. The author substantiated the threshold values for each indicator The method of utmost crucial values together with zoning by the degree of risk can allow us to identify the possibility of threat arising and understand their degree for spheres being investigated. During the analysis the standing of values in accordance with zone distribution was estimated and general trends were found out. On the basis of estimation the general dynamics of indicators was plotted in the form of indexes of economic security and on their foundation the integral appraisal of the condition of economic security in technological field was built. In conclusion the author stated the overall level of technological sphere and described threats to economic security of Russia.

Methodological Approaches and Tools for Managing Working Assets in the System of Finance Management in Russian Corporations

The article summarizes today’s theoretical aspects of the notion ‘working assets’ and their management with focus on the most widely used in Russia ideas about this group of enterprise and organization assets. At the same time the author provides findings of academic research by classics of economic theory and finance management (F. Kene, A. Smith, D. Ricardo, K. Marx) and present day scientists and experts. While studying academic works by today’s scientists the most frequently used in Russia definitions of the notion ‘working assets’ were identified. The author gave explanations, which allow us to see the differences between non-current and working assets of business entities. Apart from that, the effective legal aspects of managing working assets by corporations were studied with focus on describing the procedure of their fixing in forms of periodical accounting and showing material costs. The article provides different types of working asset management, depicts groups of methods for working asset management and gives a list of the most widely used tools for effective management of working assets in the system of finance management of Russian corporations.

Methodology of Writing Literature Review on Management and Business: Digest of Overseas Highly-Cited Articles

The goal of the research is to elaborate methodology how to systematize findings in the field of management published during previous years. Special attention is paid to typology of reviews. In this case the author distinguished systematic (meta-analysis as its variant), semi-systematic, integrative and other types of reviews. The article traces the origin of literature reviews starting from medical science to their use in articles concerning management in business. The author described difficulties of conducting meta-analysis and systematic analysis on materials of research on management and showed several methods of presenting results of systematic review of literature. Review articles can both rely on proofs obtained in previous quality (or mixed) methods of research and include quantitative data. Orientation to author is also possible. The most widely used type is a subject review, where researcher describes publications fostering the development of general comprehension of the concept or phenomenon being of interest, including for the future research. The choice of the review type and methodology of its conducting is determined by the data that should be analyzed. Authors should follow the chosen methodology.

Competitiveness of HR Policy as Factor of Organization Social Infrastructure

The article systematized key lines in upgrading social infrastructure of enterprise HR policy, descried factors, which affect greatly the efficiency of HR policy. The author formulated principle trends in social infrastructure organization as a factor of HR policy competitiveness, assessed and analyzed findings of the research studying the mechanism of interaction between social and HR policy on the basis of factors of competition, satisfaction and efficiency of enterprise workers. The dependence on current trends, economic situation, prevailing public values and other factors was investigated. Customers tend to buy goods of appropriate quality at low price and become more demanding for extra services, such as delivery speed, quality of accompanying service, etc. These factors make companies change, following the changing preferences of their target audience. The article put forward steps aimed at building effective HR policy in the current situation of Russian economy, among which it is necessary to point out to differentiated use of compensation packages for enterprise workers.

Conceptual Foundations of Modeling Tourist Service Market in Russia by Using Digital Technologies

Big participants of IT market, whose profits can depend seriously on dynamics of tourist flows use today’s analytical systems in order to get information concerning tourist service providing. Such information can be used for efficient distribution of resources. In March 2021 spokespeople of such companies as ‘RZhD’, ‘Yandex’, ‘Megafon’, ‘MTS’, ‘Roscosmos’ and others delivered reports on possibility to use indirect data to analyze tourist flows at the round table discussion ‘Managing Tourist Industry on the Basis of Data’, that was arranged by the Analytical Center under the Government of the Russian Federation. Opportunities to use big data and advanced methods of data analysis were demonstrated. However, such systems are not meant to solve problems of social character. Moreover, a player cannot affect the steps and preferences of the considerable circle of people, which means that there is no need to test the community response on possible planned events that can increase usefulness of the entity. In view of state entities the latter is rather important, especially in case usefulness is considered in the social-economic aspect. As a conclusion the authors underline significance of tourist market modeling in Russia by using digital technologies.