Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.015
Y. Sigidov, Marina A. Korovina, N. Vlasova
tbu_kuban@mail.ru ABSTRACT Financial Reporting shows the status of assets, financial results, structure of capital and cash flow of the economic entity. The opinions and decisions of vested interests depend on how reliable is the data depicted in reporting. Often firm managers use a variety of measures to «sugarcoat» Financial Reporting and affect decisions of vested interests. Falsification of Financial Reporting misleads investors, creditors and other entities. That is why the detection of falsification of Financial Reports is the main task not only of administration but also of internal controlling branches. The goal of this research is to develop a procedure based on the analysis of rate variation of financial ratios for the detection of Financial Reporting falsifications. From the set goal, the next tasks were found - a sample of financial rations traditionally used in Russia are observed carefully on variations of rates where proof of falsification can be stated; make a calculation of coefficients using the Financial Reports on a given sample of firms during the specified period; analyze the rates of calculated ratios and detect the availability of falsifications in given reports. A novelty of the research is based on the development of a method using financial indexes applied in the Russian reporting
{"title":"Analysis of Financial Reporting as a Method of Detection of the Facts of Falsification","authors":"Y. Sigidov, Marina A. Korovina, N. Vlasova","doi":"10.2991/aebmr.k.200509.015","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.015","url":null,"abstract":"tbu_kuban@mail.ru ABSTRACT Financial Reporting shows the status of assets, financial results, structure of capital and cash flow of the economic entity. The opinions and decisions of vested interests depend on how reliable is the data depicted in reporting. Often firm managers use a variety of measures to «sugarcoat» Financial Reporting and affect decisions of vested interests. Falsification of Financial Reporting misleads investors, creditors and other entities. That is why the detection of falsification of Financial Reports is the main task not only of administration but also of internal controlling branches. The goal of this research is to develop a procedure based on the analysis of rate variation of financial ratios for the detection of Financial Reporting falsifications. From the set goal, the next tasks were found - a sample of financial rations traditionally used in Russia are observed carefully on variations of rates where proof of falsification can be stated; make a calculation of coefficients using the Financial Reports on a given sample of firms during the specified period; analyze the rates of calculated ratios and detect the availability of falsifications in given reports. A novelty of the research is based on the development of a method using financial indexes applied in the Russian reporting","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130176477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.069
A. Udalov, Z. Udalova, L. Postnikova
The World Trade Organization celebrated its 25 anniversary on 1 January 2020. During its work, WTO has sought to contribute to the liberalization of global trade and the resolution of many trade disputes. This article is devoted to the analysis of the consequences of Russia's accession to the WTO, namely the consequences for the agriculture of the Russian Federation.
{"title":"The Analysis of the Consequences of Russia’s Accession to the World Trade Organization","authors":"A. Udalov, Z. Udalova, L. Postnikova","doi":"10.2991/aebmr.k.200509.069","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.069","url":null,"abstract":"The World Trade Organization celebrated its 25 anniversary on 1 January 2020. During its work, WTO has sought to contribute to the liberalization of global trade and the resolution of many trade disputes. This article is devoted to the analysis of the consequences of Russia's accession to the WTO, namely the consequences for the agriculture of the Russian Federation.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"220 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130483054","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.062
R. Taibyl, Chayana Darzhaa, A. Bor
Animal husbandry is a means of subsistence and a major source of income for families in rural areas in the Central Asia. The article discusses the results of economic activity of personal subsidiary plots engaged in livestock in the Republic of Tuva. The Republic of Tuva lies at the Asian part of Russia and is allocated in southern Siberia. In the article, the calculation of basic annual expenses and incomes of personal subsidiary plots engaged in livestock is made. The calculation is based upon the information on the results of the activities of personal subsidiary plots gained in the field expedition conducted in summer 2019. 59 plots in all 17 regions of the republic are surveyed. Depending on the quantity and species composition of livestock in households in the districts of Tuva, small, average and large personal subsidiary plots are allocated. The study showed that the income of a person working in a small personal subsidiary plot does not reach the average subsistence level of the population established in the region in 2019; and the income in the average one is above the subsistence level but below the minimum wage established in 2019. The income of a person in a large personal subsidiary plot is at the level of the minimum wage. The main factors of low income of livestock breeders are the distance from the capital of the Republic where the main market is located, and the transport inaccessibility due to the terrain and natural conditions.
{"title":"Results of Economic Activity of Personal Subsidiary Plots Engaged in Distant-Pasture Animal Husbandry in the Republic of Tuva","authors":"R. Taibyl, Chayana Darzhaa, A. Bor","doi":"10.2991/aebmr.k.200509.062","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.062","url":null,"abstract":"Animal husbandry is a means of subsistence and a major source of income for families in rural areas in the Central Asia. The article discusses the results of economic activity of personal subsidiary plots engaged in livestock in the Republic of Tuva. The Republic of Tuva lies at the Asian part of Russia and is allocated in southern Siberia. In the article, the calculation of basic annual expenses and incomes of personal subsidiary plots engaged in livestock is made. The calculation is based upon the information on the results of the activities of personal subsidiary plots gained in the field expedition conducted in summer 2019. 59 plots in all 17 regions of the republic are surveyed. Depending on the quantity and species composition of livestock in households in the districts of Tuva, small, average and large personal subsidiary plots are allocated. The study showed that the income of a person working in a small personal subsidiary plot does not reach the average subsistence level of the population established in the region in 2019; and the income in the average one is above the subsistence level but below the minimum wage established in 2019. The income of a person in a large personal subsidiary plot is at the level of the minimum wage. The main factors of low income of livestock breeders are the distance from the capital of the Republic where the main market is located, and the transport inaccessibility due to the terrain and natural conditions.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"713 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116972568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.094
E. Grigoryan, I. Golubkova
This article attempts to consider the methods of quality management as a system of tools, to justify their theoretical and practical significance, to illustrate the possibilities of practical application on the basis of real examples. The article proved the active development of quality management systems in parallel with the development of production, enrichment of the experience of the world's leading enterprises. One of the most well-known methods of quality management was identified and justified – the ‘Seven Basic Quality Control Tools’. The article illustrates in detail the possibility of applying each of the instruments of this complex in the activities of production enterprises. Most of the tools reviewed are suitable for assessing the timing of activities, their sequence, the responsible agents, and the effectiveness of activities. Application of the method ‘Seven basic instruments of quality control’ contributes to rational organization of production and business processes of the enterprise, increase their stability and competitiveness in domestic and foreign markets.
{"title":"Seven Tools for Quality Management and Control: Theory and Practice","authors":"E. Grigoryan, I. Golubkova","doi":"10.2991/aebmr.k.200509.094","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.094","url":null,"abstract":"This article attempts to consider the methods of quality management as a system of tools, to justify their theoretical and practical significance, to illustrate the possibilities of practical application on the basis of real examples. The article proved the active development of quality management systems in parallel with the development of production, enrichment of the experience of the world's leading enterprises. One of the most well-known methods of quality management was identified and justified – the ‘Seven Basic Quality Control Tools’. The article illustrates in detail the possibility of applying each of the instruments of this complex in the activities of production enterprises. Most of the tools reviewed are suitable for assessing the timing of activities, their sequence, the responsible agents, and the effectiveness of activities. Application of the method ‘Seven basic instruments of quality control’ contributes to rational organization of production and business processes of the enterprise, increase their stability and competitiveness in domestic and foreign markets.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125271561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.096
N. Kovaleva, E. Filippova, Mariya Raznoglyadova, Tatiana Rudchenko
Information technologies, penetrating into all spheres of society, ensure the evolution of legal regulation, including the field of government administration. The purpose of the study is to analyse the impact of technologization of government administration, government regulations and regional development and assess the impact on the development of the digital environment. The result of the study was the argumentation of the author’s position regarding the need for the government regulation of the use of information technologies and artificial intelligence technologies. Conclusions of the study: analysis of trends in modernization of government administration in the context of using information technologies contributes to the formation of the information society, improving the quality of living standards through the comprehensive implementation of information technologies in government regulation, as a result of which there are effects that improve the quality of living standards and development of industrial engineering, there is also an increase in the possibility of using artificial intelligence in ensuring the industrial economy, which in its turn is one of the factors of regional development and, as a result, the most important tool for creating strong competitive advantages of the Russian state in the setting of digital environment.
{"title":"Problems of Using Information Technologies in Governmental Regulation","authors":"N. Kovaleva, E. Filippova, Mariya Raznoglyadova, Tatiana Rudchenko","doi":"10.2991/aebmr.k.200509.096","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.096","url":null,"abstract":"Information technologies, penetrating into all spheres of society, ensure the evolution of legal regulation, including the field of government administration. The purpose of the study is to analyse the impact of technologization of government administration, government regulations and regional development and assess the impact on the development of the digital environment. The result of the study was the argumentation of the author’s position regarding the need for the government regulation of the use of information technologies and artificial intelligence technologies. Conclusions of the study: analysis of trends in modernization of government administration in the context of using information technologies contributes to the formation of the information society, improving the quality of living standards through the comprehensive implementation of information technologies in government regulation, as a result of which there are effects that improve the quality of living standards and development of industrial engineering, there is also an increase in the possibility of using artificial intelligence in ensuring the industrial economy, which in its turn is one of the factors of regional development and, as a result, the most important tool for creating strong competitive advantages of the Russian state in the setting of digital environment.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125363479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.048
L. Glubokova, D. V. Kokhanenko, S. Shevelev, Marina Ilyina
Sustainable rural development is a global problem. The importance of this issue lies in the fact that economically sustainable and socially developed rural territories guarantee stability, independence and food security of the state, therefore the direction of their development becomes a national policy priority. The solution to this scientific problem is the emergence of a new area in scientific research of sustainable rural development by substantiating the necessary conceptual framework and determining the indicators of rural development in accordance with the goals of sustainable development.
{"title":"Analysis of Indicators of Sustainable Development Goals for Rural Areas of Russia","authors":"L. Glubokova, D. V. Kokhanenko, S. Shevelev, Marina Ilyina","doi":"10.2991/aebmr.k.200509.048","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.048","url":null,"abstract":"Sustainable rural development is a global problem. The importance of this issue lies in the fact that economically sustainable and socially developed rural territories guarantee stability, independence and food security of the state, therefore the direction of their development becomes a national policy priority. The solution to this scientific problem is the emergence of a new area in scientific research of sustainable rural development by substantiating the necessary conceptual framework and determining the indicators of rural development in accordance with the goals of sustainable development.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128715088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.042
L. Orlik, I. Khasanova
Multivariate generalizations of the modified and adaptive time series correlation coefficients are obtained using the example of the dependence of currency pairs quotations and Brent crude oil price. The analysis of the movement of exchange rates and oil price in the R software environment. A much more detailed data analysis than the classical theory suggestion is obtained. Based on the identified trends in the dynamics of these markets, short-term forecasting was carried out using ARIMA, TBATS models and neural networks.
{"title":"Dynamics of Exchange Rates and Oil Price: Adaptive Analysis and Forecasting","authors":"L. Orlik, I. Khasanova","doi":"10.2991/aebmr.k.200509.042","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.042","url":null,"abstract":"Multivariate generalizations of the modified and adaptive time series correlation coefficients are obtained using the example of the dependence of currency pairs quotations and Brent crude oil price. The analysis of the movement of exchange rates and oil price in the R software environment. A much more detailed data analysis than the classical theory suggestion is obtained. Based on the identified trends in the dynamics of these markets, short-term forecasting was carried out using ARIMA, TBATS models and neural networks.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128638530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.031
L. Makarova, E. Tkach, I. Kudryavtseva, A. Seliverstova, N. Vinogradova
Based on institutional approach corporate social responsibility as an institutional category is defined. The category of corporate social responsibility as a non-functional norm is suggested. Its basic features are revealed. The impact of economic, political, ideological institutions on corporate social responsibility features is researched. The conclusion on quasi-corporate social responsibility affecting factors existence of industrial environment in context of modern Russian economy is made.
{"title":"Corporate Social Responsibility as a Non-Functional Norm: Its Nature and Formation Factor","authors":"L. Makarova, E. Tkach, I. Kudryavtseva, A. Seliverstova, N. Vinogradova","doi":"10.2991/aebmr.k.200509.031","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.031","url":null,"abstract":"Based on institutional approach corporate social responsibility as an institutional category is defined. The category of corporate social responsibility as a non-functional norm is suggested. Its basic features are revealed. The impact of economic, political, ideological institutions on corporate social responsibility features is researched. The conclusion on quasi-corporate social responsibility affecting factors existence of industrial environment in context of modern Russian economy is made.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116874137","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.100
V. Tatyannikov, T. Reshetnikova, E. Prokofieva
The subject of this research is the economic relations developing in the banking sector of the economy, where the role and application of the basic financial instruments of monetary regulation are fundamental to maintain liquidity, increase the reliability and business reputation of credit organizations. Purpose of the study: analyze the changes in the monetary policy of the Bank of Russia in the context of containing inflation at a low level, summarize the practice of applying its main financial instruments at the present stage, identify problems and develop proposals for the effective use of regulatory standards in order to ensure economic growth in the country. The methodological basis of this study was composed by methods of comparative and system analysis, methods of deduction and induction, grouping and comparison, detailing and generalization, systematization and classification. Key results: 1. An analysis of the evolution of the development of monetary policy in the context of containing inflation is presented. 2. The modern practice of applying financial instruments of monetary regulation is generalized. 3. The advantages and disadvantages of strengthening inflation targeting in comparison with other instruments of monetary regulation are revealed. 4. Proposals are submitted to state authorities and the Bank of Russia both in legislative acts and in the main directions of monetary policy. The authors justified the conclusion of the transition to a stimulating monetary policy, aimed at ensuring a more dynamic economic growth in the country. Key findings of the research: 1. The approaches to the formation and application of the main financial instruments of monetary regulation are systematized 2. The investment characteristics of deposit and credit instruments of the Bank of Russia are presented.
{"title":"Impact of Financial Instruments of the Bank of Russia for the Stability of the Banking System","authors":"V. Tatyannikov, T. Reshetnikova, E. Prokofieva","doi":"10.2991/aebmr.k.200509.100","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.100","url":null,"abstract":"The subject of this research is the economic relations developing in the banking sector of the economy, where the role and application of the basic financial instruments of monetary regulation are fundamental to maintain liquidity, increase the reliability and business reputation of credit organizations. Purpose of the study: analyze the changes in the monetary policy of the Bank of Russia in the context of containing inflation at a low level, summarize the practice of applying its main financial instruments at the present stage, identify problems and develop proposals for the effective use of regulatory standards in order to ensure economic growth in the country. The methodological basis of this study was composed by methods of comparative and system analysis, methods of deduction and induction, grouping and comparison, detailing and generalization, systematization and classification. Key results: 1. An analysis of the evolution of the development of monetary policy in the context of containing inflation is presented. 2. The modern practice of applying financial instruments of monetary regulation is generalized. 3. The advantages and disadvantages of strengthening inflation targeting in comparison with other instruments of monetary regulation are revealed. 4. Proposals are submitted to state authorities and the Bank of Russia both in legislative acts and in the main directions of monetary policy. The authors justified the conclusion of the transition to a stimulating monetary policy, aimed at ensuring a more dynamic economic growth in the country. Key findings of the research: 1. The approaches to the formation and application of the main financial instruments of monetary regulation are systematized 2. The investment characteristics of deposit and credit instruments of the Bank of Russia are presented.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123774666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-12DOI: 10.2991/aebmr.k.200509.001
O. Bazhenov, A. Ilyina, A. Oykher
The research paper defines and describes the factors and the impact of foreign direct investment (FDI) on iron and steel industry enterprises. For this purpose the following objectives have been gradually achieved: 1) Identifying FDI factors, which affect economic performance of iron and steel industry enterprises; 2) Building an econometric regression model for basic iron and steel industry enterprises in Russia on the basis of publicly available information; 3) Interpreting statistical modeling results.The research was carried out using the comparative analysis methods and the methods of summarizing the information gathered from various sources. The authors have conducted a content analysis of recent analytical Russian and foreign keynote publications. In addition, we have completed the analysis of strategic data (panel data), based on which a regression model has been designed. The model has been estimated by Ordinary Least Squares (OLS), where the revenues of iron and steel industry enterprises appeared as a dependent variable and the size of FDI, capital and supplies of enterprises appeared as an explanatory (independent) variable. The following conclusion has been drawn from the present study: foreign direct investment is one of the key components of both the national economic development and the development of iron and steel industry. Foreign direct investment has the most significant positive impact on large metallurgical enterprises, which hold a considerable share of foreign investment. Theses and conclusions presented in the study can be applied by the managers of metallurgical holdings as a theoretical basis for corporate development programs, and by regional authorities and executive powers for identifying the directions of improving investment appeal of the region.
{"title":"Foreign Direct Investment as a Factor of Iron and Steel Industry Development in Russia","authors":"O. Bazhenov, A. Ilyina, A. Oykher","doi":"10.2991/aebmr.k.200509.001","DOIUrl":"https://doi.org/10.2991/aebmr.k.200509.001","url":null,"abstract":"The research paper defines and describes the factors and the impact of foreign direct investment (FDI) on iron and steel industry enterprises. For this purpose the following objectives have been gradually achieved: 1) Identifying FDI factors, which affect economic performance of iron and steel industry enterprises; 2) Building an econometric regression model for basic iron and steel industry enterprises in Russia on the basis of publicly available information; 3) Interpreting statistical modeling results.The research was carried out using the comparative analysis methods and the methods of summarizing the information gathered from various sources. The authors have conducted a content analysis of recent analytical Russian and foreign keynote publications. In addition, we have completed the analysis of strategic data (panel data), based on which a regression model has been designed. The model has been estimated by Ordinary Least Squares (OLS), where the revenues of iron and steel industry enterprises appeared as a dependent variable and the size of FDI, capital and supplies of enterprises appeared as an explanatory (independent) variable. The following conclusion has been drawn from the present study: foreign direct investment is one of the key components of both the national economic development and the development of iron and steel industry. Foreign direct investment has the most significant positive impact on large metallurgical enterprises, which hold a considerable share of foreign investment. Theses and conclusions presented in the study can be applied by the managers of metallurgical holdings as a theoretical basis for corporate development programs, and by regional authorities and executive powers for identifying the directions of improving investment appeal of the region.","PeriodicalId":191445,"journal":{"name":"Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020)","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124409633","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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