08.00.00 Economic sciences
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ECONOMIC GROWTH IN THE KRASNODAR REGION
DescriptionThe article considers the economic growth and its components, the main indicators, targets and the effect that it has on the economy. In addition, we briefly describe the main trends of the economic growth of the Krasnodar region and the forecast of their change over the next 2 years
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ANALYSIS OF THE CAPABILITY OF CURRENT ASSETS IN THE AGRARIAN AND BAKERY SPHERES OF THE ECONOMY
DescriptionIn the article we consider the methodological framework for the analysis of asset turnover; critical assessment of individual provisions of the traditional methods of analysis of capital turnover; a method to eliminate the influence of the price factor and the composition of current assets by results of approbation of an improved method for analyzing the turnover of circulating assets and own capital of business entities. The basis of the theory of capital turnover is the classic formula of the reproduction of capital by K.Marx, suggesting the increase of goods, money and money capital at the last stage of treatment, and improving the efficiency of the rational organization of the use, the rational level of concentration. The higher the speed of capital turnover, the more efficient its use is. The peculiarity of the process of the turnover of inventories, working capital is its dependence on specialization of business entities, defining the structure of fixed and current assets, ratio of reserves, participating and not participating in circulation during the reporting year. However, the traditional method of analysis of asset turnover, inventory does not distinguish between reserves for participating and non-participating in circulation during the reporting year, which precludes an accurate assessment of the process of circulation of assets to make the best management decision for their formation, to determine an objective rating of the business entity in its credit scoring. With regard to the method of analysis of asset turnover, inventory use of non-participating stocks in circulation during the reporting year, overstates the average annual total assets, inventory is the baseline for calculating the number of revolutions; inflated the average book value of assets, inventory, reduces the number of revolutions per year overstates the duration of one rotation of assets, stock, increases the capacity revenue (annual turnover) and, therefore, overestimates the need for assets, inventories, leading to inaccurate assessment of the release (raising) of assets stocks
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TO THE QUESTION OF THE EVOLUTION OF THE AGRIBUSINESS STATE REGULATION
DescriptionThe authors note, that the system of state regulation of agribusiness sets the rules and creates a relatively equal competitive opportunities for all market participants. The state support though is directed to increase efficiency of the state regulation of all agricultural subjects, including small-scale farming. Classics of retrospective of market relations’ development have shown that the manufacturing business can be quite successful in a self-regulatory market. Later, the practice of using the Marxist economic theory revealed the insolubility of the contradictions in the functioning of the classical market model. The Paradigm of the Keynesian school has confirmed the contradictions of the classical equilibrium theory of the free market. In the result, the strategy of the industrial markets development has swept in the direction of the neo-conservative models of regulation. Today, the integration models that are using synthesis of state-and market-based regulatory instruments are remaining the philosophy of many Worlds’ developed economies. At the same time, in our agrarian economy, the balanced and equilibrium proportions of the development are absent, what requires greater state involvement in the regulation of the agribusiness growth. The authors believe that the latest Western sanctions provide additional opportunities for the development of domestic agricultural production. The state should actively use its capabilities in the development and strengthening of domestic agricultural production and access to foreign commodity markets. After achieving adequate competitive position providing sustainable economic growth of the agricultural economy, the intervention of state protectionism can be reduced and, simultaneously, the role of the liberal approaches should be increased
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Description
A variety of factors among which a special place is taken to the quality of lands influences the efficient functioning of agricultural organizations. Therefore, the study of methodical approaches to ensure the effective functioning of agricultural organizations taking into account the quality of lands is necessary to make balanced, economically substantiated administrative decisions. In the article there were defined the indicators of an integrated evaluation of the efficiency of functioning of agricultural organizations taking into account the quality of lands based on the account of key economic, technological and environmental parameters, providing an integrated picture of activities of these organizations for the rational use of all factors of production (land, labor, capital)
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TO THE QUESTION OF THE REGULATING ROLE OF THE STATE IN LAND RESOURCES OF AGRICULTURAL PURPOSE
DescriptionThe purpose of this article is an evolutionary analysis of the regulatory role of the state land resources in the agrarian sphere of Russia; researches have been carried out on the use of agricultural land in the period of economic transformation, problems are identified both at the federal and the territorial level of the subject of the Russian Federation. Recommendations for solving the identified problems are suggested
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THE INFLUENCE OF SANCTIONS ON THE SOURCES OF FUNDING OF RUSSIAN BANKS
DescriptionIn the years 2014-2016 under the influence of the sanctions against Russia, the arrangement of the funding base had been carried out mainly from the internal sources, which are from the funds of the Central Bank of the Russian Federation, the funds of organizations and the population savings. This article examines the Central Bank’s rates of lending in the period of 2014-2016; it studies the impact of the lending rates from the financial regulator on the finance result of the banks. The article contains the analysis of the funds raised by credit companies from legal entities and individuals. Due to the lack of access to the resources of the world market’s loanable funds and, as the result of it, the shortages of funding, Russian banks were forced to function using the fund deposits of individuals. Next, the article unfolds the analysis of the current environment and the prospects of borrowing on the foreign market in the conditions of sanctioning. In may 2016 Russia returned as a sovereign borrower to the international debt market. It has been noted that in the case of the situation remaining calm on the geopolitical arena, the conditions of external funding for Russian banks are going to improve. On the other hand, the prompt and optimal way out of the present conditions is seen in the development of the innovative environment, which is impossible without venture capital financing
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THE DEVELOPMENT AND MANAGEMENT DECISION-MAKING
DescriptionThe article is devoted to discussion of modern views on management decisions. We have released several bulk textbooks on the theory of decision-making. This article discusses several key aspects of this theory: a comparison of approaches to decisionmaking, the pitfalls of voting, and the methodology of decision-making, management responsibility. We have considered a simple example of a problem of decision-making in the management of the organization: selection a model of a new car to run into a series. Criteria for making a decision, which put forward by the four experts-theorists, contradicted each other. The Board of Directors decided to issue a vote. We have considered the "reefs" of voting. In the production and realization of administrative decisions we distinguish four levels. The first and most important level, which determine the success or failure of administrative activity is methodological. We discuss the levels of production and realization of administrative decisions. We give some examples where methodological errors lead to wrong management decisions. For example, a call to "maximum profit at the lowest cost" is quite common in the speeches and orders of a general nature. However, it is mistaken. Practice of development, adoption and implementation of solutions is based on a few basic concepts: Who makes the decisions? The procedure for preparation of the solution (the regulations). Objectives. Resources. The risks and uncertainties. Criteria for estimating decisions. The manager has his responsibility for the decisions taken. Volition of manager - the basis of management
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THE CRIMEAN POULTRY ORGANISATIONS FINANCIAL DEVELOPMENT FEATURES
DescriptionThe Crimean poultry organizations financial development features are researched in the article. The current poultry sector condition in Crimea is analyzed, its main problems are examined. It is observed that a reduction of both head of livestock and poultry products has been taking place for the past years in Crimea; the competition from mainland manufactures has increased due to the lower cost that is offered as their competitive advantage. The financial analysis of four major poultry organizations of Crimea has been conducted, the complex estimation of their financial condition has been given. It is revealed that three of the four analyzed organizations has problems in their financial resources management. There are also the problems that the enterprises handle in the field of liquidity and solvency management. The objective problems that has negative influence on the poultry industry of Crimea are investigated. The conducted analysis has showed that the poultry organizations of Crimea key problems solution requires a comprehensive approach including enhancement of both production processes and financial management methods. The poultry organizations production relations improvement methods are suggested. It is noted that the most significant of them should be the following: technical equipment and technology modernization, feed base arrangement improvement, strategic management, marketing and advertising development. The poultry organizations of Crimea financial management system amelioration areas are considered. The complex of the suggested measures will favor the effectiveness growth of both an individual organization and the industry in whole
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Description
We have considered the most important direction of development of enterprises of the military-industrial complex: modernizing production capacity and technical re-equipment of these enterprises. The relevance of this issue in recent years has increased significantly due to changes in the terms of military development (economic hardship, sanctions, etc.). We have developed an economic-mathematical model of the choice between modernization and radical technical re-equipment of enterprises. The article has an analysis of this model taking into account the financial factors in this choice. The use of the developed economic-mathematical apparatus in practice allows increasing the efficiency of technological development of enterprises of the military-industrial complex
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THE EVALUATION OF HUMAN CAPITAL WITH THE HELP OF THE COMPANY’S POTENTIAL EVALUATION
DescriptionStrategically significant dealings of business entities’ amalgamation and absorption are revised in the article. We have listed the methods and the information supply of the evaluation of the business entity’s potential and the evaluation of potential increment of a business entity as a result of integration