SWS Academic Research eLibrarySocial Sciences & Art

Scholarly record

INVESTIGATION OF THE INFLUENCE OF FINANCIAL SECURITY OF REGION-FORMING ORGANIZATIONS ON THE SOCIO-ECONOMIC DEVELOPMENT OF TERRITORIES (ON THE MATERIALS OF THE SIBERIAN FEDERAL DISTRICT)

I.N. Sannikova, E. A. Prikhodko

First published: 2018https://doi.org/10.5593/sgemsocial2018/1.5/S05.069View metrics

Abstract

Currently, one of the main directions of Russian policy in the sphere of economic security and social and economic development of the territories is to ensure the sustainable development of the national financial system. The base for the development of the financial system is the corporate finance. The share of tax revenues of regional budgets in Russia is in the range of 70-85%, as shown by the analysis of the dynamics of revenues of the consolidated budget of the region. The share of tax revenues from the ten largest taxpayers-regional organizations in the Novosibirsk region is about 20% of all tax revenues of the region. Thus, it is assumed that there is a direct link between the financial health of organizations – the largest taxpayers and the financial provision of social and economic development of the territories. Obviously, in order to achieve a balanced consolidated regional budget, targeted government support is needed for organizations that can maximize budget revenues and also have the necessary level of financial health for ongoing activities. To assess the dynamics of revenues of the consolidated budget, statistical methods are used in the paper: analysis of time series, etc.; to determine the elements of budgetary policy, the formation of a financial health system for regional companies methods of system analysis such as classification, analogies, etc. are used. The study proposes and approves a system of financial health indicators, which includes four groups of indicators. It is proposed to assess the dynamics of the integral indicator of the financial health of the organization to justify the implementation of budgetary policy in terms of stimulating revenue growth, the relevance of the initial information. Approbation of the methodology is performed on the financial statements of one of the largest energy companies in Siberia.

Publication Impact Profile

Publication details

Title
INVESTIGATION OF THE INFLUENCE OF FINANCIAL SECURITY OF REGION-FORMING ORGANIZATIONS ON THE SOCIO-ECONOMIC DEVELOPMENT OF TERRITORIES (ON THE MATERIALS OF THE SIBERIAN FEDERAL DISTRICT)
Authors
I.N. Sannikova, E. A. Prikhodko
Proceedings
5th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2018
Publisher
STEF92 Technology
Year
2018
Pages
555-562
SWS Citekey
Sannikova20185555562
ISSN
2367-5659
ISBN
978-619-7408-65-2
Language
en
Publication type
Proceedings Paper
Proceedings contents
Open official contents
Keywords
References12
  1. On the Strategy of Economic Security of the Russian Federation. Approved by the decree of the President of the Russian Federation of May 13, 2017 No. 208

  2. Federal State Statistics Service. RUSSIAN FEDERATION [electronic resource]: URL:http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/efficiency/#

  3. Ministry of Finance and Tax Policy of the Novosibirsk Region [electronic resource]: URL: http://mfnso.nso.ru

  4. Miletus V.I. Financial security of the region: the concept and problems of evaluation / / Economics: theory and practice. 2018. No. 1 (49). P. 41-47.

  5. Shalamova O.V. On the stability of the economic system // Bulletin of the South Ural State University. Сер .: Economics and management. 2009. № 21. P. 27-33.

  6. Gorshenina EV, Khomyachenkova NA Monitoring of sustainable development of an industrial enterprise // Journal of Russian Entrepreneurship. 2011. № 1-2. P. 63-67.

  7. Kolosova Т.V. Integrated assessment of indicators of sustainable development of an industrial enterprise / / Economics and management in the XXI century: development trends. 2014. No. 19-1. P. 74-79.

  8. Gibadullin AA Estimation of the stability of the industrial complex of the electric power industry [Text] / A.A. Gibadullin // Bulletin of the Volga State University of Service. - 2013. - No. 1 (27). - P. 8-15.

  9. Official site of the Central Bank of Russia. On the methodology for analyzing the financial condition of a bank [electronic resource]: URL: http://www.cbr.ru/analytics/bank_system/print.aspx?file=metodica-2013.htm&pid=bnksyst&sid=itm_33659

  10. Porter M. Competitive Advantage. How to achieve a high result and ensure its stability [Text]: Per. with English. / M. Porter. - 3rd ed. - M.: Alpina Business Books, 2018. - 1020 p.

  11. Aniskin Yu.P., Dytynenko PN, Sukhmanov AA, Yakovlev AS Corporate management of business activity in non-equilibrium conditions. Monograph. – М.: Omega-L, 2015, 299 р.

  12. The official website of Public company "Siberian Energy Company" [Electronic resource]: URL: http://www.sibeco.su (дата обращения: 16.04.2018)

View or Download full articleAccess options
Full paper accessChoose SWS login, librarian support, or instant article download.

SWS access login

Login as SWS Scientific Committee

Authors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.

For librarian assistance: [email protected]

Purchase Instant Access

48-hour online accessComing soon
Online-only accessComing soon
Download the full article in PDF formatEUR 35
  • Article can be downloaded after successful payment.
  • Article may be used according to SWS library access terms.
  • Article cannot be redistributed.
Get full paper

Back to publication list

Connected events

SGEM WORLD SCIENCE Conferences

The SSA Library connects published research with the scientific events where it was presented, reviewed and prepared for long-term scholarly discovery.

SWS Social Sciences and Arts conference
SWS Social Sciences & Arts

Social Sciences and Arts & Humanities

The joint SGEM WORLD SCIENCE forum for Social Sciences and Arts & Humanities, bringing together research in society, culture, education, law, economics, humanities and the arts.

Visit sgemsocial.org
SWS Vienna When Science Meets Art
SWS Vienna - When Science Meets Art

Social Sciences, Science Meets Art

The Vienna platform for Social Sciences, interdisciplinary research and the dialogue between science, art, society and culture.

Visit sgemvienna.org
SWS Italy The Renaissance Reimagined
SWS Italy - The Renaissance Reimagined

Arts and Humanities, Renaissance Studies

The SGEM WORLD SCIENCE forum for Arts and Humanities in Italy, Florence and Bologna, focused on culture, history, heritage, literature, philosophy, art and humanistic research.

Visit sgemitaly.org

International Indexing & Global Visibility of Our Scientific Publications