Pub Date : 2024-05-22DOI: 10.21686/2413-2829-2024-3-61-68
P. N. Kobin
The article analyzes the current condition and latest changes that took place in the steel-making cluster of the Russian Federation. It describes key problems and challenges that faced enterprises producing goods of ferrous metallurgy during COVID-19 pandemic and since the beginning of the special war operation. Key steps of the government of the Russian Federation aimed at supporting the cluster and stimulating its development were provided. At the same time the role and place of the steel-making cluster in global and home production were studied. On the basis of statistics the author depicted production dynamics in the industry, the level of innovation activity at enterprises, analyzed the structure of innovation costs in the cluster and showed priority tasks facing producers of goods of ferrous metallurgy and promising trends of their functioning. It was pointed out that in line with the global trend aiming at ecological innovation goods of ferrous metallurgy in the near future shall meet principles of carbon neutrality and high power-efficiency. Meanwhile, the development of digital infrastructure at industrial enterprises shall play an important role. Apart from that, the article provided factors of innovation development affecting seriously the balanced progress of home enterprises of ferrous metallurgy.
{"title":"Innovation in Steel-Making Cluster in the Russian Federation and Factors of Innovation Development","authors":"P. N. Kobin","doi":"10.21686/2413-2829-2024-3-61-68","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-3-61-68","url":null,"abstract":" The article analyzes the current condition and latest changes that took place in the steel-making cluster of the Russian Federation. It describes key problems and challenges that faced enterprises producing goods of ferrous metallurgy during COVID-19 pandemic and since the beginning of the special war operation. Key steps of the government of the Russian Federation aimed at supporting the cluster and stimulating its development were provided. At the same time the role and place of the steel-making cluster in global and home production were studied. On the basis of statistics the author depicted production dynamics in the industry, the level of innovation activity at enterprises, analyzed the structure of innovation costs in the cluster and showed priority tasks facing producers of goods of ferrous metallurgy and promising trends of their functioning. It was pointed out that in line with the global trend aiming at ecological innovation goods of ferrous metallurgy in the near future shall meet principles of carbon neutrality and high power-efficiency. Meanwhile, the development of digital infrastructure at industrial enterprises shall play an important role. Apart from that, the article provided factors of innovation development affecting seriously the balanced progress of home enterprises of ferrous metallurgy.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141112595","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 : 2024-05-22DOI: 10.21686/2413-2829-2024-3-92-104
L. V. Dmitrieva
The article studies the world experience in pursuing state policy of space development in remote territories and small towns in Germany, Japan, Poland, Slovenia, Check Republic and Italy. The article describes experience of these countries in developing territories characterized by depopulation, reducing real sector of economy and jobs, declining standard of living, rising costs of social infrastructure. It also analyzes dynamic of priorities in policy of territorial development depending on predominant academic concepts: from policy of leveling-up, developing endogenous factors of territories (policy established in the spot) to policy beyond growth limits. Negative experience of developing Check municipalities was shown and results of certain stages of policy in countries that could not reach the set goals were highlighted. On the basis of the analysis some common approaches were found, as well as tools, which proved their effectiveness in testing this experience for small towns in Russia. By analyzing practices of six overseas countries the author came to the conclusion that small towns often experience after-effects of urbanization, such as population outflow, its aging and economic stagnation. The most important conditions of pursuing state policy on such territories are as follows: search for finance sources for their support, maintenance of infrastructure and improvement of quality of state service rendering and creation of sources of endogenous development. Today we can observe the development of such concepts as ‘The Slow Town’ (Italy), ‘Life beyond Growth’ (Japan) that aim at shaping living conditions for people focusing on benefits of remote territories. At the same time trends of developing small towns advance specific requirements to implementing state branch policies, in particular, in the field of education, public health service, to new formats of rendering basic services, including remote territories in conditions of their low budget support.
{"title":"Policy of Small Town Development: Lessons of Overseas Experience for Russia","authors":"L. V. Dmitrieva","doi":"10.21686/2413-2829-2024-3-92-104","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-3-92-104","url":null,"abstract":" The article studies the world experience in pursuing state policy of space development in remote territories and small towns in Germany, Japan, Poland, Slovenia, Check Republic and Italy. The article describes experience of these countries in developing territories characterized by depopulation, reducing real sector of economy and jobs, declining standard of living, rising costs of social infrastructure. It also analyzes dynamic of priorities in policy of territorial development depending on predominant academic concepts: from policy of leveling-up, developing endogenous factors of territories (policy established in the spot) to policy beyond growth limits. Negative experience of developing Check municipalities was shown and results of certain stages of policy in countries that could not reach the set goals were highlighted. On the basis of the analysis some common approaches were found, as well as tools, which proved their effectiveness in testing this experience for small towns in Russia. By analyzing practices of six overseas countries the author came to the conclusion that small towns often experience after-effects of urbanization, such as population outflow, its aging and economic stagnation. The most important conditions of pursuing state policy on such territories are as follows: search for finance sources for their support, maintenance of infrastructure and improvement of quality of state service rendering and creation of sources of endogenous development. Today we can observe the development of such concepts as ‘The Slow Town’ (Italy), ‘Life beyond Growth’ (Japan) that aim at shaping living conditions for people focusing on benefits of remote territories. At the same time trends of developing small towns advance specific requirements to implementing state branch policies, in particular, in the field of education, public health service, to new formats of rendering basic services, including remote territories in conditions of their low budget support.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141111397","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 : 2024-05-21DOI: 10.21686/2413-2829-2024-3-20-29
K. Khodzha
The article analyzes the attitude of Russian citizens to the institution of private property. The author estimates the level of confidence and respect of people to this institution, perception of their property right protection and risks connected with property management. The empiric base of the research was formed by findings of the sociological survey conducted in 2023 among 542 respondents of different age groups. The data provided an opportunity to identify common features in perceiving the institution of private property by Russian citizens, their expectation concerning this institution in the long run. The research findings refuted a number of stereotypes formed in society concerning perception of private property by people, who demonstrated rather high level of confidence to the institution of private property and its inviolability. At the same time the majority of respondents today follow the saving model aimed at long-term accumulation and increasing their assets to ensure sustainable standard of life in the future.
{"title":"Russian Citizents’ Attitute Towards Private Property: Myths and Contradictions","authors":"K. Khodzha","doi":"10.21686/2413-2829-2024-3-20-29","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-3-20-29","url":null,"abstract":" The article analyzes the attitude of Russian citizens to the institution of private property. The author estimates the level of confidence and respect of people to this institution, perception of their property right protection and risks connected with property management. The empiric base of the research was formed by findings of the sociological survey conducted in 2023 among 542 respondents of different age groups. The data provided an opportunity to identify common features in perceiving the institution of private property by Russian citizens, their expectation concerning this institution in the long run. The research findings refuted a number of stereotypes formed in society concerning perception of private property by people, who demonstrated rather high level of confidence to the institution of private property and its inviolability. At the same time the majority of respondents today follow the saving model aimed at long-term accumulation and increasing their assets to ensure sustainable standard of life in the future.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141113550","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 : 2024-05-21DOI: 10.21686/2413-2829-2024-3-5-19
I. A. Gerasev
The article analyzed the experience of economic system functioning in view of researching trends acute for resolving problems of labour productivity in Russia. The research goal is to find ways of optimizing economic policy of labour productivity stimulation. The author conducted theoretical research in raising labour productivity within the frames of neo-Keynesian theory and studied retrospective ideas concerning this problem in the previous classical economic theory. The research showed the emergence of ideas dealing with the role of labour in value creation, macro-economic balance between investment and remuneration in labour productivity. The author identified in theory and proved in practice the importance of raising labour productivity as a factor of economic growth. Based on empiric research results of economic policy were analyzed in certain fields, such as wages, investment macro-economic policy and technological policy of state. By using post-soviet economy of Russia as an example the author proved key economic theses about trends of economic policy necessary for stimulating labour productivity. The importance of macro-economic regulation and innovation was highlighted in view of foreign-economic sanctions and trade restrictions. Findings of the research demonstrate key trends needed to resolve the problem of raising labour productivity and put forward steps necessary to reach positive results.
{"title":"Ways of Upgrading Macro-Economic Stimulation of Labour Productivity in View of Neo-Keynesian Economic Theory","authors":"I. A. Gerasev","doi":"10.21686/2413-2829-2024-3-5-19","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-3-5-19","url":null,"abstract":" The article analyzed the experience of economic system functioning in view of researching trends acute for resolving problems of labour productivity in Russia. The research goal is to find ways of optimizing economic policy of labour productivity stimulation. The author conducted theoretical research in raising labour productivity within the frames of neo-Keynesian theory and studied retrospective ideas concerning this problem in the previous classical economic theory. The research showed the emergence of ideas dealing with the role of labour in value creation, macro-economic balance between investment and remuneration in labour productivity. The author identified in theory and proved in practice the importance of raising labour productivity as a factor of economic growth. Based on empiric research results of economic policy were analyzed in certain fields, such as wages, investment macro-economic policy and technological policy of state. By using post-soviet economy of Russia as an example the author proved key economic theses about trends of economic policy necessary for stimulating labour productivity. The importance of macro-economic regulation and innovation was highlighted in view of foreign-economic sanctions and trade restrictions. Findings of the research demonstrate key trends needed to resolve the problem of raising labour productivity and put forward steps necessary to reach positive results.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141114161","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 : 2024-05-21DOI: 10.21686/2413-2829-2024-3-30-37
A. Bobkov
The article studies methodological approach, advanced by the author, to using key predictors of organizational transformation necessary to forecast limits of feasible organization growth within the frames of the present production structure. The principle distinguishing feature of this methodological approach is the use of indicators defined by the author as key predictors of organizational transformation. This set of indicators was identified by the author through results of earlier statistical research of transformation laws of organization production structure in different sectors of economy. With the help of such indicators it is possible not only to describe the predominant type of organization production structure but also, on the basis of their quantitative values, to identify limits of corresponding level of its development. Methodological approach advanced by the author is based on statistical methods of research and gives an opportunity to forecast limits of feasible organization growth based on the earlier developed method of their production structure. Within the frames of the given methodological approach the method of statistical forecasting limits of feasible organization growth was elaborated. The use of this methodology could allow organization management to forecast in advance the moments of coming organizational transformation, which is connected with changes in production structure type and to make necessary managerial decisions.
{"title":"Forecasting Limits of Feasible Organization Growth by Using Key Predictors of Organizational Transformation","authors":"A. Bobkov","doi":"10.21686/2413-2829-2024-3-30-37","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-3-30-37","url":null,"abstract":" The article studies methodological approach, advanced by the author, to using key predictors of organizational transformation necessary to forecast limits of feasible organization growth within the frames of the present production structure. The principle distinguishing feature of this methodological approach is the use of indicators defined by the author as key predictors of organizational transformation. This set of indicators was identified by the author through results of earlier statistical research of transformation laws of organization production structure in different sectors of economy. With the help of such indicators it is possible not only to describe the predominant type of organization production structure but also, on the basis of their quantitative values, to identify limits of corresponding level of its development. Methodological approach advanced by the author is based on statistical methods of research and gives an opportunity to forecast limits of feasible organization growth based on the earlier developed method of their production structure. Within the frames of the given methodological approach the method of statistical forecasting limits of feasible organization growth was elaborated. The use of this methodology could allow organization management to forecast in advance the moments of coming organizational transformation, which is connected with changes in production structure type and to make necessary managerial decisions.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141114991","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 : 2024-03-28DOI: 10.21686/2413-2829-2024-2-65-75
O. Maksimchuk, S. Boldyreva
Research topicality is stipulated by system contradictions at the current stage of global economy development, which creates challenges and acute agenda for national economy of the Russian Federation and economy of its entities that face objectives of reaching target figures of social and economic development in view of strategic landmarks and priorities of development based on state programs up to 2030. The goal of the article is to analyze effectiveness of state regulators of cutting the gap and disproportions in the development of Russian regions based on sampling data concerning state program resection, including materials dealing with the Republic of Kalmykia. Attaining of the set goal is ensured by resolving the following problems: to identify theoretical approach to understanding state programs as a tool of managing impacts of different factors, brief review and analysis of methodology and methods of estimating efficiency and results of implementing state programs; to find problem zones in stated methodology and methods and to formulate proposals aimed at their alteration and upgrading. The research findings can be important for further investigation and practical use by responsible executors at departmental bodies for collecting and processing information dealing with state program implementation.
{"title":"Assessing the Efficiency and Results of Implementing Programs: Theory, Methodology and Practice (illustrated by the Republic of Kalmykia)","authors":"O. Maksimchuk, S. Boldyreva","doi":"10.21686/2413-2829-2024-2-65-75","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-2-65-75","url":null,"abstract":"Research topicality is stipulated by system contradictions at the current stage of global economy development, which creates challenges and acute agenda for national economy of the Russian Federation and economy of its entities that face objectives of reaching target figures of social and economic development in view of strategic landmarks and priorities of development based on state programs up to 2030. The goal of the article is to analyze effectiveness of state regulators of cutting the gap and disproportions in the development of Russian regions based on sampling data concerning state program resection, including materials dealing with the Republic of Kalmykia. Attaining of the set goal is ensured by resolving the following problems: to identify theoretical approach to understanding state programs as a tool of managing impacts of different factors, brief review and analysis of methodology and methods of estimating efficiency and results of implementing state programs; to find problem zones in stated methodology and methods and to formulate proposals aimed at their alteration and upgrading. The research findings can be important for further investigation and practical use by responsible executors at departmental bodies for collecting and processing information dealing with state program implementation.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140370070","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 : 2024-03-28DOI: 10.21686/2413-2829-2024-2-102-108
Y. Lyandau, D. Ter-Ovanesov
The fundamental goal of any state on the current stage of development is professional and systematic shaping and regulating money stock. Only properly organized cash circulation can foster successful establishment of the finance system and development of economy of the country in general. Today in the field of rendering finance services advanced technologies, digital mechanisms and tools are used, which modernize business-models and raise demand of clients. The future of banking service will be affected mainly by FinTech- and TechFin-companies. The authors studied these economic categories, analyzed key benefits and drawbacks of these structures and forecast their interaction in banking and non -banking fields.
{"title":"Transition from Fintech to Techfin","authors":"Y. Lyandau, D. Ter-Ovanesov","doi":"10.21686/2413-2829-2024-2-102-108","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-2-102-108","url":null,"abstract":"The fundamental goal of any state on the current stage of development is professional and systematic shaping and regulating money stock. Only properly organized cash circulation can foster successful establishment of the finance system and development of economy of the country in general. Today in the field of rendering finance services advanced technologies, digital mechanisms and tools are used, which modernize business-models and raise demand of clients. The future of banking service will be affected mainly by FinTech- and TechFin-companies. The authors studied these economic categories, analyzed key benefits and drawbacks of these structures and forecast their interaction in banking and non -banking fields.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140370658","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 : 2024-03-28DOI: 10.21686/2413-2829-2024-2-142-149
A. Shpileva
The article studies possible definitions of the notion ‘youth entrepreneurship’ with regard to including in it specific features of entrepreneurial resource use, such as generation of business ideas (initiatives), implementation of business-projects and management of their realization. The author proposed to summarize definitions that take into account both age characteristics of young people and level of their education and features of entrepreneurial resource realization, such as entrepreneurial capital, skills, knowledge, motivation and innovation abilities. Within the frames of the article the model of education lever was put forward and discussed that shows the impact of state support tools being realized in state education policy on the development of youth entrepreneurship. The research findings can be useful for investigators, practical workers and state bodies dealing with the development of youth entrepreneurship.
{"title":"Defining the Notion ‘Youth Entrepreneurship’ in View of Including in it Specific Features of Entrepreneurial Resource Use","authors":"A. Shpileva","doi":"10.21686/2413-2829-2024-2-142-149","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-2-142-149","url":null,"abstract":"The article studies possible definitions of the notion ‘youth entrepreneurship’ with regard to including in it specific features of entrepreneurial resource use, such as generation of business ideas (initiatives), implementation of business-projects and management of their realization. The author proposed to summarize definitions that take into account both age characteristics of young people and level of their education and features of entrepreneurial resource realization, such as entrepreneurial capital, skills, knowledge, motivation and innovation abilities. Within the frames of the article the model of education lever was put forward and discussed that shows the impact of state support tools being realized in state education policy on the development of youth entrepreneurship. The research findings can be useful for investigators, practical workers and state bodies dealing with the development of youth entrepreneurship.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140370665","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 : 2024-03-28DOI: 10.21686/2413-2829-2024-2-235-242
A. L. Beloborodova, N. V. Kalenskaya
The article explains the necessity to use cross-methodological approach to realization of marketing analytical function that combines methodology of classical marketing research and DataScience methodology. The explanation is based on results of literature analysis, which studies trends of DataDriven marketing development and DataScience; HeadHunter research dealing with assessing the compliance of the competence profile of specialist in the field of analytical marketing with demands of labour market and on results of the authors’ research in the present sphere. Comparative appraisal of efficiency of using classical methods of marketing research and DataScience methodology was conducted at enterprises; benefits and drawbacks of each of them were identified; similar and distinguishing stages of these approaches were found and efficiency of their integration was proved. Progress of Russian companies in realization of marketing analytical function by using DataDriven culture was estimated. Two principle reasons hindering the process of marketing based on data introduction to Russian organizations were named, i.e. non-compliance of competence profile of marketers-analysts//with market demands and uncoordinated investment in technologies aiming at DataDriven approach introduction into the company.
{"title":"Cross-Methodological Approach to Realization of Marketing Analytical Function","authors":"A. L. Beloborodova, N. V. Kalenskaya","doi":"10.21686/2413-2829-2024-2-235-242","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-2-235-242","url":null,"abstract":"The article explains the necessity to use cross-methodological approach to realization of marketing analytical function that combines methodology of classical marketing research and DataScience methodology. The explanation is based on results of literature analysis, which studies trends of DataDriven marketing development and DataScience; HeadHunter research dealing with assessing the compliance of the competence profile of specialist in the field of analytical marketing with demands of labour market and on results of the authors’ research in the present sphere. Comparative appraisal of efficiency of using classical methods of marketing research and DataScience methodology was conducted at enterprises; benefits and drawbacks of each of them were identified; similar and distinguishing stages of these approaches were found and efficiency of their integration was proved. Progress of Russian companies in realization of marketing analytical function by using DataDriven culture was estimated. Two principle reasons hindering the process of marketing based on data introduction to Russian organizations were named, i.e. non-compliance of competence profile of marketers-analysts//with market demands and uncoordinated investment in technologies aiming at DataDriven approach introduction into the company.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140370892","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 : 2024-03-28DOI: 10.21686/2413-2829-2024-2-28-35
N. Tikhomirov, T. Tikhomirova
The article analyzes different approaches to estimating risk of declining efficiency of investment projects that are recommended to practical use by academic literature. The author pointed to their subjectivity and high uncertainty of results. As an alternative we can consider approaches and methods of estimating risk of declining efficiency of the investment project as a difference between the expected by the project and risky values of its NPV defined by the law of this figure distribution. In this case the risky NPV assessment depending on the ratio to risk is either its average value in the field of existence limited from above by expected in the project value or any quantile located in the field of possible NPV values. The article presents substantiation of the standard law of NPV distribution as a complicated random value formed by a sum of random variables, i.e. features of finances flows by the project and discount. The author also analyses the approach to estimating dispersion of the NPV distribution law and risky values depending on its amount based on this figure expansion into the Tailor series with initial data showing average values and dispersion of its finance flows and discount.
{"title":"Methods of Estimating Risk Dealing with Declining Efficiency of Investment Project in Conditions of Statistic Uncertainty","authors":"N. Tikhomirov, T. Tikhomirova","doi":"10.21686/2413-2829-2024-2-28-35","DOIUrl":"https://doi.org/10.21686/2413-2829-2024-2-28-35","url":null,"abstract":"The article analyzes different approaches to estimating risk of declining efficiency of investment projects that are recommended to practical use by academic literature. The author pointed to their subjectivity and high uncertainty of results. As an alternative we can consider approaches and methods of estimating risk of declining efficiency of the investment project as a difference between the expected by the project and risky values of its NPV defined by the law of this figure distribution. In this case the risky NPV assessment depending on the ratio to risk is either its average value in the field of existence limited from above by expected in the project value or any quantile located in the field of possible NPV values. The article presents substantiation of the standard law of NPV distribution as a complicated random value formed by a sum of random variables, i.e. features of finances flows by the project and discount. The author also analyses the approach to estimating dispersion of the NPV distribution law and risky values depending on its amount based on this figure expansion into the Tailor series with initial data showing average values and dispersion of its finance flows and discount.","PeriodicalId":210894,"journal":{"name":"Vestnik of the Plekhanov Russian University of Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140372343","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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