Pub Date : 2019-12-06DOI: 10.21638/spbu05.2019.305
O. V. Motovilov, I. Samylov, Madina S. Seidova, Jsc PwC Audit
The article examines factors influencing the choice of exchange platform used by the manage-ment of innovation-oriented companies, such as depth, accessibility, efficiency, and stability, as well as the level of underestimation of the shares of new issuers during an IPO. The au-thors formulate a series of hypotheses and show that the level of the depth of a site is directly dependent on the degree of development of the country's financial institutions for all types of sites (main and alternative), and on the level of trading intensity (but only for alternative ones). It was discovered that alternative sites of countries belonging to the Anglo-Saxon fi-nancial system are, on average, less concentrated than corresponding major exchange sectors. Regarding the underestimation of shares, it was shown that on the first day of trading, this is higher among Russian companies in the high-tech industry. A site selection algorithm is pro-posed that can be applied by managers of Russian innovation-oriented companies for making IPO decisions. This algorithm combines previously analyzed quantitative factors and a num-ber of qualitative factors, which include the level of marketing and organizational support for new issuers, level of financial support for new issuers, and degree of company readiness to place shares on a specific site. The advantage is to take into account a wider set of factors that influence the decision to choose a site for an IPO of an innovation-oriented company and to consider opportunities offered by alternative stock exchanges for such issuers.
{"title":"Selection of a stock exchange for an IPO of a technology-based company","authors":"O. V. Motovilov, I. Samylov, Madina S. Seidova, Jsc PwC Audit","doi":"10.21638/spbu05.2019.305","DOIUrl":"https://doi.org/10.21638/spbu05.2019.305","url":null,"abstract":"The article examines factors influencing the choice of exchange platform used by the manage-ment of innovation-oriented companies, such as depth, accessibility, efficiency, and stability, as well as the level of underestimation of the shares of new issuers during an IPO. The au-thors formulate a series of hypotheses and show that the level of the depth of a site is directly dependent on the degree of development of the country's financial institutions for all types of sites (main and alternative), and on the level of trading intensity (but only for alternative ones). It was discovered that alternative sites of countries belonging to the Anglo-Saxon fi-nancial system are, on average, less concentrated than corresponding major exchange sectors. Regarding the underestimation of shares, it was shown that on the first day of trading, this is higher among Russian companies in the high-tech industry. A site selection algorithm is pro-posed that can be applied by managers of Russian innovation-oriented companies for making IPO decisions. This algorithm combines previously analyzed quantitative factors and a num-ber of qualitative factors, which include the level of marketing and organizational support for new issuers, level of financial support for new issuers, and degree of company readiness to place shares on a specific site. The advantage is to take into account a wider set of factors that influence the decision to choose a site for an IPO of an innovation-oriented company and to consider opportunities offered by alternative stock exchanges for such issuers.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44252800","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 : 2019-12-06DOI: 10.21638/spbu05.2019.306
Канаев Александр Владимирович, Канаева Ольга Алексеевна
The article explores the actively developing and little-investigated phenomenon of a modern financial system termed “sustainable banking.” The relevance of the study is due to a number of circumstances: first, awareness of the growing importance of sustainable (responsible) fi-nancing as key driver of sustainable development for solving large-scale economic, social, and environmental problems; second, the lack of a generally accepted holistic system of views on sustainable banking, the content of relevant concepts, which indicates that its conceptualiza-tion is incomplete; third, scholarly and public interest in foreign banks’ modern practices of sustainable development, which opens up broad opportunities for Russian banks to use their experience. This article determines the direction of sustainable banking, reveals the content of its conceptualization, and identifies features of the formation of this phenomenon in Rus-sia. By sustainable banking, the authors understand processes of theoretical comprehension and generalization of the practice of banks that declare a commitment to ideas of sustainable development, leading to the formation of ideas about this phenomenon and formation of a relevant system of concepts. The article describes current approaches to sustainable banking; shows the most important international initiatives for incorporating ideas and principles of sustainable development into activities of financial institutions, as well as practical steps taken by various financial institutions (development banks, traditional banks and so-called non-traditional banks, known as sustainable banks) for integrating principles of sustainable devel-opment into strategies and bank operations. The authors conclude that this integration and the development of sustainable banks allows us to speak of the formation of a special business model of responsible business conduct — a sustainable banking model. A separate section is devoted to an analysis of the situation in the area in question and identification of measures to enhance the role of banks in ensuring responsible financing in Russia.
{"title":"Sustainable banking: conceptualization and implementation practice","authors":"Канаев Александр Владимирович, Канаева Ольга Алексеевна","doi":"10.21638/spbu05.2019.306","DOIUrl":"https://doi.org/10.21638/spbu05.2019.306","url":null,"abstract":"The article explores the actively developing and little-investigated phenomenon of a modern financial system termed “sustainable banking.” The relevance of the study is due to a number of circumstances: first, awareness of the growing importance of sustainable (responsible) fi-nancing as key driver of sustainable development for solving large-scale economic, social, and environmental problems; second, the lack of a generally accepted holistic system of views on sustainable banking, the content of relevant concepts, which indicates that its conceptualiza-tion is incomplete; third, scholarly and public interest in foreign banks’ modern practices of sustainable development, which opens up broad opportunities for Russian banks to use their experience. This article determines the direction of sustainable banking, reveals the content of its conceptualization, and identifies features of the formation of this phenomenon in Rus-sia. By sustainable banking, the authors understand processes of theoretical comprehension and generalization of the practice of banks that declare a commitment to ideas of sustainable development, leading to the formation of ideas about this phenomenon and formation of a relevant system of concepts. The article describes current approaches to sustainable banking; shows the most important international initiatives for incorporating ideas and principles of sustainable development into activities of financial institutions, as well as practical steps taken by various financial institutions (development banks, traditional banks and so-called non-traditional banks, known as sustainable banks) for integrating principles of sustainable devel-opment into strategies and bank operations. The authors conclude that this integration and the development of sustainable banks allows us to speak of the formation of a special business model of responsible business conduct — a sustainable banking model. A separate section is devoted to an analysis of the situation in the area in question and identification of measures to enhance the role of banks in ensuring responsible financing in Russia.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67780889","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 : 2019-12-06DOI: 10.21638/spbu05.2019.301
J. Hass
This article addresses a long-held dispute across social science disciplines: that market and moral economies are distinctly different and even contradictory. This debate was never resolved, and was also problematic, as both sides did not address either competing claims, not empirical reality, with sufficient rigor and care. I suggest revisiting the original Scott-Popkin debate afresh, while exploring whether moral and market economy explanations are complementary, rather than contradictory. I posit that market and moral economies, as phenomena, are intertwined, and that a proper approach treats both framing (norms) and decisions (calcu-lation) as embedded in fields. Actors have historically articulated moral economies of norms as well as interests, thus underpinning market and other economies. The author posits three possibilities for a future framework of moral economy: moral economies as transformative; moral economies as anchored in concrete entities, rather than as free-floating norms; and moral economies as multiple, embedded in field contexts. Using these approaches to moral economy, I give brief examples of economic transformations that involved not only interests and markets, but also moral claims.
{"title":"Moral Economies: Possibilities for a New Framework of Economic Structure and Change","authors":"J. Hass","doi":"10.21638/spbu05.2019.301","DOIUrl":"https://doi.org/10.21638/spbu05.2019.301","url":null,"abstract":"This article addresses a long-held dispute across social science disciplines: that market and moral economies are distinctly different and even contradictory. This debate was never resolved, and was also problematic, as both sides did not address either competing claims, not empirical reality, with sufficient rigor and care. I suggest revisiting the original Scott-Popkin debate afresh, while exploring whether moral and market economy explanations are complementary, rather than contradictory. I posit that market and moral economies, as phenomena, are intertwined, and that a proper approach treats both framing (norms) and decisions (calcu-lation) as embedded in fields. Actors have historically articulated moral economies of norms as well as interests, thus underpinning market and other economies. The author posits three possibilities for a future framework of moral economy: moral economies as transformative; moral economies as anchored in concrete entities, rather than as free-floating norms; and moral economies as multiple, embedded in field contexts. Using these approaches to moral economy, I give brief examples of economic transformations that involved not only interests and markets, but also moral claims.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48791279","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 : 2019-12-06DOI: 10.21638/spbu05.2019.304
P. Druzhinin, D. Zimin
This article examines changes in the spatial structure of the population in border regions of Finland and Russia along the Finnish-Russian and Finnish-Swedish borders in 1970–2016.The influence of external shocks (such as Russia’s economic reforms, liberalization of the border regime, and Finland’s accession to the EU) is analyzed. The article then identifies patterns of change in the population of territorial units, depending on their geographic location. Statistical models linking the dynamics of the population of territorial units and their location show that only since the early 1990s, i.e. during and after the aforementioned shocks, did population dynamics start to depend on distance to the regional capital and so-called “active zones.” On the Russian side, a few border municipalities were identified as active zones — they participate actively in cross-border cooperation and have developed transport and customs infrastructure, including international border crossing points. On the Finnish side, active zones include cities with strong regional universities generating and disseminating innovations. Cooperation of Finnish eastern border subregions with the Russian Federation has not had a significant impact. In contrast, some Finnish western coastal regions with small universities benefit more tangibly from their cooperation with Sweden. This collaboration increases their innovation potential. The results of the study could be useful for public bodies in charge of the development of border and peripheral regions.
{"title":"Influence of external shocks on the spatial structure of the population of the border Territories","authors":"P. Druzhinin, D. Zimin","doi":"10.21638/spbu05.2019.304","DOIUrl":"https://doi.org/10.21638/spbu05.2019.304","url":null,"abstract":"This article examines changes in the spatial structure of the population in border regions of Finland and Russia along the Finnish-Russian and Finnish-Swedish borders in 1970–2016.The influence of external shocks (such as Russia’s economic reforms, liberalization of the border regime, and Finland’s accession to the EU) is analyzed. The article then identifies patterns of change in the population of territorial units, depending on their geographic location. Statistical models linking the dynamics of the population of territorial units and their location show that only since the early 1990s, i.e. during and after the aforementioned shocks, did population dynamics start to depend on distance to the regional capital and so-called “active zones.” On the Russian side, a few border municipalities were identified as active zones — they participate actively in cross-border cooperation and have developed transport and customs infrastructure, including international border crossing points. On the Finnish side, active zones include cities with strong regional universities generating and disseminating innovations. Cooperation of Finnish eastern border subregions with the Russian Federation has not had a significant impact. In contrast, some Finnish western coastal regions with small universities benefit more tangibly from their cooperation with Sweden. This collaboration increases their innovation potential. The results of the study could be useful for public bodies in charge of the development of border and peripheral regions.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47426626","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 : 2019-07-23DOI: 10.21638/spbu05.2019.202
М. А. Губина
This article is devoted to Indian experience of catch-up development strategy implementation in the pharmaceutical industry. Economic development in various countries is sometimes based upon import substitution system. But for the officially supported programs, production sectors used to demonstrate low competitiveness (or worse). On the other hand, alternative industrial strategies (export-orientation) tend to be resulting considerable performance and promotion on the global market. So, the following issues have attracted our attention: 1) effects of catch-up development policy enforcement in Indian pharmaceutical industry (from 1947 up to now); 2) identification of competitive differentiators in Indian pharmaceutical industry. The research showed that Indian pharmaceutics success had been determined by combination of external and internal factors: a wide range of import substitution and export-oriented tools and activities (internal factors); forfeiture of patent rights of leading medical products on the international market that had encouraged some Indian medicine manufacturers to advance; essential need to control increasing drug expenditures in the USA and regulations established by Hatch-Waxman Act in 1984 (external factors). Those factors facilitated Indian generics expansion and brought Indian companies to leading positions on the American generic market. Top-priority industries can yield huge dividends eventually provided that state-backed policy is pursued. The other article worth mentioning is that effect of the import substitution activity is time limited. Export-oriented policy is recognized as more productive and profitable in the long run.
{"title":"Import Substitution and/or Export Orientation: the Case of Indian Pharmaceutical Industry","authors":"М. А. Губина","doi":"10.21638/spbu05.2019.202","DOIUrl":"https://doi.org/10.21638/spbu05.2019.202","url":null,"abstract":"This article is devoted to Indian experience of catch-up development strategy implementation in the pharmaceutical industry. Economic development in various countries is sometimes based upon import substitution system. But for the officially supported programs, production sectors used to demonstrate low competitiveness (or worse). On the other hand, alternative industrial strategies (export-orientation) tend to be resulting considerable performance and promotion on the global market. So, the following issues have attracted our attention: 1) effects of catch-up development policy enforcement in Indian pharmaceutical industry (from 1947 up to now); 2) identification of competitive differentiators in Indian pharmaceutical industry. The research showed that Indian pharmaceutics success had been determined by combination of external and internal factors: a wide range of import substitution and export-oriented tools and activities (internal factors); forfeiture of patent rights of leading medical products on the international market that had encouraged some Indian medicine manufacturers to advance; essential need to control increasing drug expenditures in the USA and regulations established by Hatch-Waxman Act in 1984 (external factors). Those factors facilitated Indian generics expansion and brought Indian companies to leading positions on the American generic market. Top-priority industries can yield huge dividends eventually provided that state-backed policy is pursued. The other article worth mentioning is that effect of the import substitution activity is time limited. Export-oriented policy is recognized as more productive and profitable in the long run.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42971262","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 : 2019-07-23DOI: 10.21638/spbu05.2019.205
S. Saksonova, I. Kuzmina-Merlino
This paper considers the development of attractive strategies featuring cryptocurrency assets, considering their costs and potential risks. The object of analysis in this paper is cryptocurren- cy as an investment instrument. The main hypothesis of the research is that modern portfolio theory can be applied to cryptocurrency investments to design an investment portfolio with appropriate risk and profitability characteristics. The authors of the paper: (i) place crypto- currencies in the context of modern financial market and financial technology development; (ii) develop assessment criteria for determining attractiveness of individual cryptocurrencies; and (iii) develop recommendations for creating an optimal cryptocurrency investment portfolio. In order to test the hypothesis, the authors performed calculations and used such methods of scientific research as the collection and processing historical values for cryptocurrency rates from July 2017 to January 2018, as well as data analysis for correlation, covariance, and return on investment. It is shown that a cryptocurrency investment portfolio should be created considering investor objectives and should obey a logical relationship between risk and profitability. Therefore, cryptocurrencies should not be correlated; an investment portfolio should be sufficiently diversified to minimize risk; cryptocurrencies should be liquid, that is freely exchangeable to a fiat currency on an appropriate exchange (e.g. dollars, euros). Investors should also consider regular rebalancing of the portfolio, which could help increase its profitability.
{"title":"Cryptocurrency as an Investment Instrument in a Modern Financial Market","authors":"S. Saksonova, I. Kuzmina-Merlino","doi":"10.21638/spbu05.2019.205","DOIUrl":"https://doi.org/10.21638/spbu05.2019.205","url":null,"abstract":"This paper considers the development of attractive strategies featuring cryptocurrency assets, considering their costs and potential risks. The object of analysis in this paper is cryptocurren- cy as an investment instrument. The main hypothesis of the research is that modern portfolio theory can be applied to cryptocurrency investments to design an investment portfolio with appropriate risk and profitability characteristics. The authors of the paper: (i) place crypto- currencies in the context of modern financial market and financial technology development; (ii) develop assessment criteria for determining attractiveness of individual cryptocurrencies; and (iii) develop recommendations for creating an optimal cryptocurrency investment portfolio. In order to test the hypothesis, the authors performed calculations and used such methods of scientific research as the collection and processing historical values for cryptocurrency rates from July 2017 to January 2018, as well as data analysis for correlation, covariance, and return on investment. It is shown that a cryptocurrency investment portfolio should be created considering investor objectives and should obey a logical relationship between risk and profitability. Therefore, cryptocurrencies should not be correlated; an investment portfolio should be sufficiently diversified to minimize risk; cryptocurrencies should be liquid, that is freely exchangeable to a fiat currency on an appropriate exchange (e.g. dollars, euros). Investors should also consider regular rebalancing of the portfolio, which could help increase its profitability.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47125684","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 : 2019-01-01DOI: 10.21638/spbu05.2019.404
A. Larin, A. Novak, I. Khvostova
{"title":"How Corporate Governance Influence Dividends on Different Corporation Lifecycle Stages","authors":"A. Larin, A. Novak, I. Khvostova","doi":"10.21638/spbu05.2019.404","DOIUrl":"https://doi.org/10.21638/spbu05.2019.404","url":null,"abstract":"","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67781118","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 : 2019-01-01DOI: 10.21638/spbu05.2019.403
O. Sukharev, E. Voronchikhina
The Chinese economy over the long term has shown relatively high average growth rates, even considering a gradual slowdown over the last several years. In this regard, it is important to identify features of this model and policies of economic growth in comparison with other countries. Purpose of this research is to conduct a structural analysis of the Chinese economic growth in comparison with the United States, Germany, Japan, and Russia, as well as to identify features of its structural dynamics and macroeconomic policy. The subject of investigation is models of economic growth in these countries, and approaches to macroeconomic growth policy in China and Russia that determine the contribution of GDP components and economic sectors to the rate of economic growth. The hypothesis is that the economy growth model is determined by the dominance of the components and sector in GDP. Three basic growth models are defined. The model based on the dominance of gross consumption in the USA and Russia, investment in China, and a mixed growth model in Germany and Japan. The Chinese economy is close to the “Schumpeterian” growth model. The Russian economy approximates the “Fisher” model, especially in terms of macroeconomic policy requirements. Therefore, to ensure the investment growth model, it is necessary, in addition to encouraging investments, to change the characteristics of structural dynamics, including change in macroeconomic policy instruments.
{"title":"Structural Analysis of Economic Growth in China: International Comparison Context","authors":"O. Sukharev, E. Voronchikhina","doi":"10.21638/spbu05.2019.403","DOIUrl":"https://doi.org/10.21638/spbu05.2019.403","url":null,"abstract":"The Chinese economy over the long term has shown relatively high average growth rates, even considering a gradual slowdown over the last several years. In this regard, it is important to identify features of this model and policies of economic growth in comparison with other countries. Purpose of this research is to conduct a structural analysis of the Chinese economic growth in comparison with the United States, Germany, Japan, and Russia, as well as to identify features of its structural dynamics and macroeconomic policy. The subject of investigation is models of economic growth in these countries, and approaches to macroeconomic growth policy in China and Russia that determine the contribution of GDP components and economic sectors to the rate of economic growth. The hypothesis is that the economy growth model is determined by the dominance of the components and sector in GDP. Three basic growth models are defined. The model based on the dominance of gross consumption in the USA and Russia, investment in China, and a mixed growth model in Germany and Japan. The Chinese economy is close to the “Schumpeterian” growth model. The Russian economy approximates the “Fisher” model, especially in terms of macroeconomic policy requirements. Therefore, to ensure the investment growth model, it is necessary, in addition to encouraging investments, to change the characteristics of structural dynamics, including change in macroeconomic policy instruments.","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67780938","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 : 2019-01-01DOI: 10.21638/spbu05.2019.407
I. Lola, M. Bakeev
{"title":"Digital Transformation in the Manufacturing Industries of Russia: an Analysis of the Business Tendencies Observations Results","authors":"I. Lola, M. Bakeev","doi":"10.21638/spbu05.2019.407","DOIUrl":"https://doi.org/10.21638/spbu05.2019.407","url":null,"abstract":"","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67781130","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 : 2019-01-01DOI: 10.21638/spbu05.2019.203
S. Bekareva, E. Meltenisova, Ekaterina A. Shikhovtsova, Yuying Song
{"title":"Influence of the People’s Bank of China Monetary Policy on the Country’s Economic Development","authors":"S. Bekareva, E. Meltenisova, Ekaterina A. Shikhovtsova, Yuying Song","doi":"10.21638/spbu05.2019.203","DOIUrl":"https://doi.org/10.21638/spbu05.2019.203","url":null,"abstract":"","PeriodicalId":41730,"journal":{"name":"Vestnik Sankt-Peterburgskogo Universiteta-Ekonomika-St Petersburg University Journal of Economic Studies","volume":null,"pages":null},"PeriodicalIF":0.5,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67780759","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}