In the article we have given a critical assessment of
credit scoring by American economist D. Duran, we
have grounded the developing of his method for the
domestic economic conditions. The unacceptability of
D. Duran’s method for the analysis of financial
condition of domestic economic entities is explained
by the following reasons: 1) the imperfection of the
hierarchy of indicators of credit scoring, and 2) the
imperfection of differentiation of scoring for the actual
value of the indicators, forming the credit scoring by
groups of firms. In the methodology of D. Duran the
main indicator is a level of credit scoring profitability
of total assets - for the first class of firms, that are the
most financially stable, the authors have given a rating
of "50 points" for the actual value of the profitability
of 30%; the second most important indicator by the
author’s choice is the ratio of current liquidity - for the
actual value of the coefficient "of 2.0 and higher," are
given 30 points to a first-class firms; the third indicator
of the financial condition of firms author has defined
as the ratio of the financial independence - for the first
group of firms the actual value of the coefficient "of
0.7 and higher," are assessed 20 points. In the fifth, the
last group of firms, numerical score is 0 (for the actual
return on total assets "of less than 1%", as the value of
the current liquidity ratio "of 1.0 or less," for the
coefficient of financial independence "less than 0.2").
For assessment of the financial condition of the
domestic agricultural producers, a priority in the
hierarchy of indicators, in our opinion, has the ratio of
financial independence, which is formed mainly by
retained earnings. Our researches have shown that the
numerical score of the coefficient value "of 0.8 and above" should be 50 points. The second most
important in the assessment of the financial condition
of the organization, in our opinion, is the profitability
of total assets; its actual value "of 5% and above"
should correspond to score 30 points. The third in the
system of indicators, characterizing the financial
condition, is the ratio of current liquidity of the assets.
Its actual value "of 3.2 and above" should be evaluated
in 20 points for the agricultural organizations of the
first, most financially stable, group
This article is devoted to protection of innovative
processes against threat of emergence of risks.
Innovative processes need to be realized in the
conditions of high confidentiality, safety of industrial
samples, new technology, and documentation.
Conditions of risks of various physical nature,
reliability of work of the scientific and production
stuff are defined
The article examines organizational and economic
preconditions of the increasing of innovative activity
of the personnel of a company in the modern
conditions of managing. We have substantiated
conclusions about the necessity and the importance of
the development and the implementation of the
corporate system of innovative-personnel management
at the production level. We present specific proposals
on the formation of the key system-oriented blocks, the
basic elements of which in their totality and
interconnection will contribute to efficient
implementation of management decisions on
innovative capacity of production through the change
in labor behavior
The article analyzes trends of the modern information
technologies and approaches to engineering.
Information technologies are effective in all areas and
fields of activity; they provide steady growth rates,
increasing competitiveness of the organizations
The article is dedicated to solving such an important
state task as improving the employment rate level of
people with disabilities in the Krasnodar region. The
promising areas of governmental support of
employable disabled people at the regional level were
reflected in the article, and the socio-economic
significance of proposals, presented by the author, was
considered. As an object of this study, the modern
conditions of functioning and factors, influencing the
activity of employable disabled people were
considered. The subject of study is a set of
organizational and economic relations, which
characterize a governmental support of disabled
people in the Krasnodar region. Nowadays the federal
and regional targeted programs for social integration
of the persons with disabilities and for their support at
the labor market of Russian Federation are being
worked out, rehabilitation and professional
development centers are being created. The more
attention is being paid to the issues of disabled
people's social rehabilitation and their involvement of
labor at the different levels of authorities, which
determines the relevance of the research topic. A
number of provisions in the article, such as a rationale
of the extra forms of disabled people's governmental
support formation, has a scientific novelty
The article examines the characteristics and the efficiency
of modern organizational and economic mechanisms
of the spread of high-tech technologies and products of
double application, identifying the most promising areas
of improvement and progressive development, is determined
by their role in attracting additional funding for
national and international innovative projects and programs
The relevance of the article is because the authorities of the constituent entities of the Russian Federation have to pursue an active debt policy in order to strengthen the financial autonomy of the regions, search funds for the implementation of regional social programs, programs of modernization and innovation. However, this policy leads to the significant accumulation of public debts by a number of regions, major increase in the debt burden on the budget of the constituent entity of the Russian Federation, violation of debt sustainability parameters. The author's interpretation of "debt sustainability of the constituent entity of the Russian Federation" concept is given. The performed comparison of the amounts and dynamics of the debt for the constituent entities with these entities’ security costs by their own income let us highlight the periods of intensifying debt activity of the constituent entities of the Russian Federation. The inverse relation between absolute growth of the public debt of the constituent entities of the Russian Federation and entities’ security costs by their own income is also established. The range assessment of violation of Russian budget legislation by the regional authorities with respect to regulatory compliance of debt burden on the budget of the constituent entity of the Russian Federation is given. The conclusion on irrationality of the current debt structure of the constituent entities of the Russian Federation in ensuring entities’ debt sustainability is made. A number of doubts concerning the adequacy of mechanism (proposed by the Ministry of Finance of the Russian Federation) that improves debt sustainability of regions and upgrades the penalties of regional authorities for its debt policies were expressed. This is because all the possibilities of operating mechanism were not implemented
The article deals with the evolution of content of
innovative systems from the traditional to the
innovative ecosystems (IES). It is noted that this
transformation of terminology is not mechanistic,
and describes changes of essence. Problems of IES
and problems of management of medium systems
are formulated. System - integration - reproduction
approach in regional innovative policy and the
principles of its implementation are offered.
Classification of infrastructure facilities of regional
IES is presented. Necessary conditions of forming
of innovation ecosystems are allocated: awareness
by society the need of innovative development, the
choice of strategic priorities, high level of science
funding, the high (global) level of education, the
relevant legislation in the field of financing, the
taxation, create of the innovative organizations, and
also decrease in bureaucratic procedures in the
sphere of innovative business, commercialization
and a transfer of technologies. The stages of
forming are allocated in the organization of IES:
inventory, purpose saving and concentration of
tangible, intangible, investment and human capitals
(resources) which are adequate to the features of the chosen megatrend of development of the macro
region; transformations of region economy, forming
of regional sector of knowledge economy and
innovative regional ecosystem; scientific and
innovation - technological breakthrough; the
maturity of regional scientific centers and
innovation ecosystem; development of the technoeconomic
paradigms
This article discusses the formation of a new development
bank of BRICS. We have considered the background
of creation of the bank in this economic situation,
which are infrastructure problems of some country-member
and future founders. We reviewed the creation
of the bank, the official start of its work, financial
characteristics, pool of currency reserves, pool of
foreign exchange reserves, which has the functions and
short-terms perspective of bank in international scene.
We have reflected the existing difficulties, including a
lack of common borders among the participants and
the growing influence of China. We processed the
opinions of experts about an alternative to the New
Development Bank by Western financial institutions,
which show the interest of strengthening the political
component of the BRICS cooperation and the desire to
change the current situation. We have conducted a
comparative analysis of the New Development Bank
and other international organizations which can serve
to BRICS bank competitors such as the ADB, the IMF
and the World Bank. Here we talk about the advantages
and disadvantages of each organization. In
order to form and strengthen the potential of BRICS
we have presented several lines of activities. NDB
should support projects for economic growth and provide
for this purpose the long-term financing available,
which will ensure the stability of the infrastructure
projects of the Bank
The problems of the management of the innovative potential were discussed in this article; the new structure and the conceptual model of the management mechanism for the innovative potential, based on the orientation on the new technology or new product were offered