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Nowadays, many countries of the world are characterized by the change of conceptual approaches to the management of spatial development of territories and the search for new sources of economic growth. As a rule, in the economy of resource regions most of the perspective technologies are developed and implemented in the resource sector. Such technologies have unique feature – a wide range of secondary products that can be transformed into independent innovative products, services, technologies, management models f...

This article discusses the methodological issues of determining value added in the framework of intercompany networks - industrial clusters, which is an effective tool for analyzing and decision making. A sequence of stages of the formation of value chains (VCC) is proposed, their features and mechanisms for optimizing the interaction and coordination of actions of participants according to the criterion of gross value added (GVA) are highlighted. An approach to the definition of value added in the framework of gl...

This article presents an analysis of literature on shadow banking. The attention of researches on shadow banking topic have increased exponentially after the global financial crisis. Despite of the fact that this concept has been used for over ten years, there is no one common conception and definition of it. The innovations, global challenges like artificial intelligence, big data, etc., makes this topic very important for regulators, economists, researchers in order to make the right decisions and impact in thei...

Digital advances in the financial sector have led to the emergence of electronic finance, which is a new business model and publicly accessible information, financial, technological, economic and cultural platform for financial services and products. The transition of the financial industry to the “digit” and the emergence of the e-finance are associated with the FinTech revolution. E-finance is a deeply global phenomenon, representing the digital correction of spacetime processes and/or quasi resolution of a numb...

The article presents the rationale for using the Data Envelopment Analysis method for assessing innovation sustainability at the regional level. The theoretical basis for the paper is based on results of the study of foreign experience gained and the current Russian practice on evaluation of innovative development at the federal and regional levels. Focusing on the examined approaches, the authors propose an algorithm of regional innovative resistance estimation using the method of comparative analysis of the data...

This paper is linked to a research project that takes into account the Southern Italian landowning class from the eighteenth to the twentieth century and the process of development of the Italian Mezzogiorno, with particular reference to the influence of institutional and economic change on liberal Italy. We focus on the analysis of the life and the career of a southern Italian banker, Quinto Quintieri, whose family’s background and fortunes were entirely rooted in the latifundia who, in November 1944, was sent to...

The financialization of operations is related to the growing importance of financial motives in the activities of non-financial entities. Referring the problem to various sized enterprises, due to the specificity of the functioning of large and small and mediumsized enterprises, theoretical differences in the impact of the financial market on the form of management, as well as in the capabilities of access to financial instruments (e.g. through access to the stock market), can be observed. The aim of this publicat...

We have considered regarding this paper the identification and evaluation of the financial and accounting risks within the public emergency hospital located in Bucharest, the capital of Romania, which has a great impact on its objectives. The main objectives of the public emergency hospital in Romania are: - guaranteeing the quality and safety of the medical act; - diversifying and increasing the quality of medical services offered to patients; - tracking population accessibility and patient satisfaction; - respec...

During the last decades, the paradigm of management accounting and control has noticeably changed from “number-crunching”, assuming mostly a technical role of an accountant, towards strategic partnership within a management team. Leadership is mentioned as one of the four building blocks of the professional competency framework, determined by Global Management Accounting Principles [13]. Besides this “internal” trend within a profession, an external trend of increasing influence of social and organizational factor...

The concept of value co-creation (VCC), which has been widely discussed in recent years in economic literature, is used in the paper to consider the co-creation of the value of works of art. Three entities involved in co-creating the value of a piece of art are indicated: 1. the artist – the creator of a piece of art; 2. the recipient/intermediary in the conclusion of a transaction; and 3. the customer/buyer. Special attention is paid to the interactive nature of creating the market value of a piece of art. In the...

Raising the standard of living of the population is one of the most pressing problems in any society. Currently, it is acquiring even greater significance for Russia due to the growing influence of a number of negative factors leading to a reduction in real incomes of the population. First of all, it should be noted that, presumably, the final tax burden on individuals, starting from January 1, 2019, increases substantially. This is due both to the direct growth of the amount of obligatory payments payable by indi...

Analysis of the present condition and prospects of development of financial markets in Russia and abroad allowed the author to identify risks and provide specific recommendations to improve Russia's economic policy in the new geopolitical reality. The paper aims to examine topical issues on the current status and development prospects of the Russian monetary economy. Developing economy of Russia plays a special role in contemporary world. Financial market is of particular importance for the development of the Russ...

Objective: The objective of the study is to assess the provision of social infrastructure in the context of municipalities with the construction of a rating based on the developed methodology. Methods: A method is proposed for calculating the integral index of the social infrastructure of municipalities according to the level of indicators and taking into account the dynamics of its change. Findings: The presented methodology for assessing the provision of social infrastructure was tested on the example of municip...

The article devoted to development and implementation of long-term forecast of the development of public infrastructure in the Russian Federation and its integration into the system of strategic planning. The life cycle of many infrastructure objects (transport, energy, social, etc.) is tens and hundreds of years (railways, sea and river ports, airports, etc.). Various forms and models of public-private partnership are in demand during their creation or modernization in the conditions of objective budget constrain...

This article analyses the aspects of the development of relationships in intercompany networks. For these purposes, the authors summarized data from various studies of Russian and foreign scientists. Also, the article summarizes the results of studying the issues of interaction efficiency both between the network participants and between partners and the network. Emphasis is placed on the ability of a central company to manage individual relationships, a portfolio of relationships, a central network and an industr...

Mining regions are traditionally most technogenic pressured and transformed during the exploration of mineral resources. In each country producing mineral resources the problem of restoration of damaged territories is especially significant because of a variety of consequences of the destruction of natural complexes: latent/ hidden effects, secondary pollutions and destruction of soils and state of groundwater, complex of consequences for the biota. In Russia, i.e., currently there are more than 340 large scale ob...

The article presents a theoretical analysis of existing approaches to assessing threats to the state economic security. The analysis revealed three main methods for assessing economic security: a simple rationing method based on a threshold value, a complex rationing method based on a threshold value, a rationing method for amount of discrepancy. These methods, despite the presence of specific features, are implemented in a certain sequence. As a result of the synthesis of methodological approaches, the authors ha...

The purpose of the present paper is to assess the relevance of several notoriously applied financial indicators to construct an appropriate risk evaluation structure for enterprises. The authors aim to include in the empirical study a wide array of variables, grouped into clusters, to match the complexity implied by the data collected from 100 Nasdaq quoted companies, based in 9 countries, from 8 industries. The methodology employed is the Principal Component Analysis, which supports in capturing the most signific...

Project management represents a modern analytical approach for managing the phases of project cycles that support strategic goals and programs. The aim of this research is to create a unique rounded theoretical and applicative basis for understanding and using the concept of strategic management within the higher education projects in North Macedonia. After the completed studies of the theoretical aspects of strategic project management, a comprehensive analysis was conducted on the projects supporting the strateg...

The article analyzes the monthly growth of the MOEX Russia Index from 2005 to 2018. The average values of the index growth for each month over 13 years were found. The decline dynamics of the MOEX Russia Index on average during the study period in the spring months were revealed, in contrast to growth in other months of the year. Two identical investment portfolios were compared from 2005 to 2018, the first of which remained open during the entire period, the second was closed in the spring months of the year, i.e...

Social marketing becomes the philosophy of modern management and business practices. Higher education institutions also seek to implement the concept of social and ethical marketing that characterizes the philosophical foundations of marketing to the fullest extent possible and orients towards satisfying consumers’ needs taking into account the development of the society. The main problem considered in this paper is the building of a system of thought aimed at satisfying the needs of educational services. The obje...