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MAIN PAGE > Journal "Finance and Management" > Contents of Issue № 01/2021
Contents of Issue № 01/2021
Competition and monopoly
Fedoseeva K. - Legal aspects of implementation of competition in the sphere of rendering public (municipal) services pp. 1-11

DOI:
10.25136/2409-7802.2021.1.34783

Abstract: The subject of this research is the practice of application of antimonopoly legislation of the Russian Federation to budgetary (autonomous) institutions, including in the context of restricting the established by the Section 3 of the Article 15 of the Federal Law No.135-FZ of July 26, 2006 “On Protection of Competition". The goal consists in identification and analysis of possible legal issues emerging due to the dual nature of the status of such institutions, substantiated by the conducted reform for increasing their economic independence. The article provides a scientific assessment of legal consequences of recognition of the budgetary (autonomous) institutions as economic entities for the purpose of application of antimonopoly legislation, taking into account the existing ban on combining functions of government branches and functions of economic entities, as well as authorizing the economic entities for the functions and rights of these branches, including state control and supervision bodies. Content of the concept of “function of the government branch” is reviewed. The author’s special contribution consists in evaluation of the situation, in which in the monopolized by public entity spheres related to the exercise of powers, are established  budgetary (autonomous) institutions that charge for rendering services required and essential for provision of state (municipal) services. The article views the mechanism of social procurement as market-oriented, a competitive way of rendering services using budget funds by both governmental and nongovernmental organizations. The novelty of this work lies in conclusion on the need to consider the principle of fair competition in case if the public legal entity decides to forgo the implementation of a new competitive method for selection of executants established by the law on social procurement, and use the traditional scheme of approval of the state (municipal) assignment.
Financial planning and forecasting
Levchaev P.A., Khezazna B. - Peculiarities of strategic activity of corporations in the conditions of digital economy pp. 12-20

DOI:
10.25136/2409-7802.2021.1.30823

Abstract: This article examines the processes of formation of financial strategy within the system of corporate management in the conditions of digitalization. Implementation of digital technologies in all spheres of life opens new opportunities for socioeconomic development of the companies. In the nearest future, scientific research in the sphere of digital economy will be especially relevant due to heightened risk of being in arrears of global trends. Rapid changes taking place in engineering, technology, and organization of production increase the importance of corporate financial management. The digital age changes the traditional models of sectoral markets, enhances competitiveness between  the participants of economic processes. The theoretical and methodological framework of this research contains the works of economists on the problems of finances, financial management, and planning. The subject of this research is the combination of economic, organizational and management relations developed in the process of strategic activity of corporations in the conditions of digital economy. Enterprises that are adapted to modern economic conditions set new priorities in the process of formation of management models: the role of fixed assets decreases, while intangible assets and information become the key business engines. The effectiveness of management decisions, and thus, the effective functioning of the enterprise overall depends on the availability of accurate, timely and exhaustive information. Prompt responsiveness to the changes of external environment is the primary factor for ensuring effective management of the economic entity. The novelty of this research lies consists in the original concept of corporate financial strategic planning in digital economy in the context of the corporate management system of the industrial enterprise.
Economic control and management
Kudin L. - Regulations of corporate internal control based on performance assessment of the chief executive officer pp. 21-33

DOI:
10.25136/2409-7802.2021.1.35164

Abstract: The subject of this article is the corporate internal control processes. Internal control plays an important role in activity of the company and is based upon the principles of respecting the interests of all stakeholders, scope of the rights and obligations of shareholders, top managers and the board of directors. Since the chief executive officer is the key figure responsible for the implementation of development strategy, the goal of this research consists in working out the performance indicators of the CEO. The author explores the following theoretical approaches: system of balanced indicators, prism of performance, stakeholder theory, and theory of dynamic capabilities. Special attention is given to dependence of performance of the CEO to his compensation. For implementation of the effective mechanism of internal control, it is proposed to develop the performance indicators of the CEO, taking into account the interests of stakeholders: board of directors, investors, creditors, employees, clients, vendors, and company. In outlining the goals and tasks of activity of the chief executive officer, the expectations of the stakeholders should be considered. The author develops the matrix of key performance indicators for the CEO in the context of stakeholders. The scientific novelty consists in the proposed original methodological approach towards performance assessment of the chief executive officer, the peculiarity of which is lies in comprehensive application of the system of balanced indicators and comparative market efficiency of a corporation.
Business organization
Matveeva E.V., Latkin A.P. - Approbation of comprehensive methodology for assessing the involvement of business structures in the corporate social responsibility pp. 34-48

DOI:
10.25136/2409-7802.2021.1.35411

Abstract: The subject of this research is the assessment of management relations developed as a result of involvement of fishing industry enterprises in the corporate social responsibility. The object of this research is the processes of formation of corporate social responsibility in the fishing industry business as a sector promoting national interests. This article tests the original complex methodology for assessing the involvement of business structures in the corporate social responsibility based on calculation of the integrated index. Special attention is given to calculation of the index, which consists of the system of quantitative and qualitative elements of the corporate social responsibility of the business structure, as well as to the choice and justification of measures for implementation of these elements into the individual profile of the corporate social responsibility of the business structure for subsequent comparative analysis. Leaning on the approaches existing in the world scientific literature towards the concept of corporate social responsibility, the author identifies the need for definition and assessment of such indicator as the involvement of business structures in the corporate social responsibility. The author proposes to calculate this indicator according to the algorithm of methodology that takes into consideration the elements of corporate social responsibility determined on the basis of actions on the development of internal and external environment of the company. Approbation of methodology on the example of fishing industry business structures can serve as the foundation for comparative analysis of business structures of various sectors in the regions, taking into account their impact upon the regional development for determination of feasibility of state support and development of the unified structure of corporate social reporting.
Question at hand
Korobko K.I. - pp. 49-59

DOI:
10.25136/2409-7802.2021.1.34891

Abstract:
Financial politics
Kuzmin S.S. - pp. 60-71

DOI:
10.25136/2409-7802.2021.1.35489

Abstract:
Matters of government insurance
Tedeev A.A. - pp. 72-78

DOI:
10.25136/2409-7802.2021.1.35126

Abstract:
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