Pub Date : 1900-01-01DOI: 10.25205/2542-0429-2020-20-3-84-107
L. I. Lugacheva, M. Musatova, E. A. Solomennikova
The article analyzes the key trends in consolidation and restructuring defense sector assets developed in the XXI century, i.e. the creation of vertically integrated structures in accordance with the decrees of the President of the Russian Federation; the inclusion of financially disadvantaged enterprises in concerns and state corporations, their subsequent financial recovery within the framework of integrated structures; the specifics of integration strategies of the leading defense industry holdings by the example of Rostec group, Almaz-Antey concern, USC group, and Roscosmos group. The paper gives the motives of the Russian defense companies for non-organic growth strategies and restructuring according to the state priorities. The article proposes the approaches to financial recovery of defense enterprises, given the preparation of profound amendments to the bankruptcy law; maintaining a favorable institutional climate in the M&A market for defense enterprises, etc. According to the authors, dominant leaders will continue to participate in the implementation of state programs that will require certain concentration of both efforts and capital as well as assets redistribution of a particular state Corporation.
{"title":"Consolidation and restructuring of defense industry assets","authors":"L. I. Lugacheva, M. Musatova, E. A. Solomennikova","doi":"10.25205/2542-0429-2020-20-3-84-107","DOIUrl":"https://doi.org/10.25205/2542-0429-2020-20-3-84-107","url":null,"abstract":"The article analyzes the key trends in consolidation and restructuring defense sector assets developed in the XXI century, i.e. the creation of vertically integrated structures in accordance with the decrees of the President of the Russian Federation; the inclusion of financially disadvantaged enterprises in concerns and state corporations, their subsequent financial recovery within the framework of integrated structures; the specifics of integration strategies of the leading defense industry holdings by the example of Rostec group, Almaz-Antey concern, USC group, and Roscosmos group. The paper gives the motives of the Russian defense companies for non-organic growth strategies and restructuring according to the state priorities. The article proposes the approaches to financial recovery of defense enterprises, given the preparation of profound amendments to the bankruptcy law; maintaining a favorable institutional climate in the M&A market for defense enterprises, etc. According to the authors, dominant leaders will continue to participate in the implementation of state programs that will require certain concentration of both efforts and capital as well as assets redistribution of a particular state Corporation.","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116442792","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 : 1900-01-01DOI: 10.25205/2542-0429-2017-17-3-35-46
T. Y. Kryshtaleva
{"title":"Assessment Method of the State of Labour Potential in Regions of the Russian Federation","authors":"T. Y. Kryshtaleva","doi":"10.25205/2542-0429-2017-17-3-35-46","DOIUrl":"https://doi.org/10.25205/2542-0429-2017-17-3-35-46","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128957320","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 : 1900-01-01DOI: 10.25205/2542-0429-2018-18-1-42-53
I. Filimonova, O. Samsonová, D. Yuva, G. Geology, G. Ras
{"title":"Synergy Effect Estimation of Eastern Siberia Deposits Joint Development","authors":"I. Filimonova, O. Samsonová, D. Yuva, G. Geology, G. Ras","doi":"10.25205/2542-0429-2018-18-1-42-53","DOIUrl":"https://doi.org/10.25205/2542-0429-2018-18-1-42-53","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127006202","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 : 1900-01-01DOI: 10.25205/2542-0429-2018-18-4-42-54
E. Kondratieva
{"title":"Social Capital and Economic Welfare: Perspectives of Russia","authors":"E. Kondratieva","doi":"10.25205/2542-0429-2018-18-4-42-54","DOIUrl":"https://doi.org/10.25205/2542-0429-2018-18-4-42-54","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130602784","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 : 1900-01-01DOI: 10.25205/2542-0429-2018-18-3-140-150
Liang Xueqiu
{"title":"STUDY ON SINO-RUSSIAN CROSS-BORDER COOPERATION ON HIGHER EDUCATION IN THE CONTEXT OF THE BELT AND ROAD INITIATIVE","authors":"Liang Xueqiu","doi":"10.25205/2542-0429-2018-18-3-140-150","DOIUrl":"https://doi.org/10.25205/2542-0429-2018-18-3-140-150","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131542672","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 : 1900-01-01DOI: 10.25205/2542-0429-2017-17-3-170-178
L. Bulysheva, N. Loseva, M. Kataev
{"title":"Technique Based on Business Processes for an Estimation of Quality of Rendering Services in a State Institution","authors":"L. Bulysheva, N. Loseva, M. Kataev","doi":"10.25205/2542-0429-2017-17-3-170-178","DOIUrl":"https://doi.org/10.25205/2542-0429-2017-17-3-170-178","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131969228","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 : 1900-01-01DOI: 10.25205/2542-0429-2020-20-3-47-69
J. Gayomey, A. Kostin
Recently, advances in computer technology and data recording and storage have made high-frequency financial data readily available to researchers. As a result, the volatility literature has steadily progressed toward the use of higher-frequency data. However, the move towards the use of higher-frequency financial data in the estimation of volatility of financial returns has resulted in the development of many realised volatility measures of asset return variability based on a variety of different assumptions and functional forms and thus making theoretical comparison and selection of the estimators for empirical applications very difficult if not impossible. This article provides an empirical review on the performance of estimators of quadratic variation/integrated variance based on high-frequency data to aid their application in empirical analysis. The result of the review shows that no single estimator works best in all situations; however, the more sophisticated realised measures, in particular the TSRV and KRV, are superior to the other estimators in terms of their estimation accuracy in the presence of market microstructure noise.
{"title":"Performance of estimators of quadratic variation based on high frequency data—empirical review","authors":"J. Gayomey, A. Kostin","doi":"10.25205/2542-0429-2020-20-3-47-69","DOIUrl":"https://doi.org/10.25205/2542-0429-2020-20-3-47-69","url":null,"abstract":"Recently, advances in computer technology and data recording and storage have made high-frequency financial data readily available to researchers. As a result, the volatility literature has steadily progressed toward the use of higher-frequency data. However, the move towards the use of higher-frequency financial data in the estimation of volatility of financial returns has resulted in the development of many realised volatility measures of asset return variability based on a variety of different assumptions and functional forms and thus making theoretical comparison and selection of the estimators for empirical applications very difficult if not impossible. This article provides an empirical review on the performance of estimators of quadratic variation/integrated variance based on high-frequency data to aid their application in empirical analysis. The result of the review shows that no single estimator works best in all situations; however, the more sophisticated realised measures, in particular the TSRV and KRV, are superior to the other estimators in terms of their estimation accuracy in the presence of market microstructure noise.","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"31 8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133092167","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 : 1900-01-01DOI: 10.25205/2542-0429-2018-18-2-49-68
А. M. Zargaryan
{"title":"The Improving of Efficiency Development of Entrepreneurship Sectors from the European North of Russia","authors":"А. M. Zargaryan","doi":"10.25205/2542-0429-2018-18-2-49-68","DOIUrl":"https://doi.org/10.25205/2542-0429-2018-18-2-49-68","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"130 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122410773","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 : 1900-01-01DOI: 10.25205/2542-0429-2017-17-2-72-85
T. V. Sumskaya
{"title":"Methodical Approach of Analysis of Regional and Local Budgets: Content and Application on the Example of Novosibirsk Oblast","authors":"T. V. Sumskaya","doi":"10.25205/2542-0429-2017-17-2-72-85","DOIUrl":"https://doi.org/10.25205/2542-0429-2017-17-2-72-85","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128839442","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 : 1900-01-01DOI: 10.25205/2542-0429-2017-17-3-62-84
V. M. Markova, V. Churashev
{"title":"Possibilities of Increase in Efficiency and Structure Optimization of Power Industry: «Big» and «Small» Generation Roles","authors":"V. M. Markova, V. Churashev","doi":"10.25205/2542-0429-2017-17-3-62-84","DOIUrl":"https://doi.org/10.25205/2542-0429-2017-17-3-62-84","url":null,"abstract":"","PeriodicalId":344304,"journal":{"name":"Wem-water Engineering & Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116764591","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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