Scientific Journal of KubSAU

Polythematic online scientific journal
of Kuban State Agrarian University
ISSN 1990-4665
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146 kb

DYNAMICS AND PROSPECTS OF FOREIGN DIRECT INVESTMENT IN THE ECONOMY OF THE REGION (ON THE EXAMPLE OF THE REPUBLIC OF TATARSTAN)

abstract 1151601022 issue 115 pp. 356 – 368 27.01.2016 ru 2057
The article examines the main trends in foreign direct investment (FDI) in the Russian Federation and the Republic of Tatarstan, as well as it analyzes the structure and the dynamics of the inflow of foreign direct investment in Russia and the Republic of Tatarstan. The emergence of new investment projects and the increase in production volume are due to receiving investments in the country and in the region. Unfortunately, there are still problems in the way of receipt of investments in the Russian economy and its subjects, which are formulated in the article and that require solutions. On an example of the economy of the Republic of Tatarstan we have analyzed an inflow of foreign direct investments for 2010 – 2013, as well as the dynamics, sectoral and geographical structure of income from investments. We consider the strategy of attracting foreign investors to the region on the example of the Republic of Tatarstan. The article proposes key measures aimed at improving the investment climate, improving the competitiveness of industries. All these activities will positively contribute to the inflow of foreign investments into the economy of the country and its regions. Foreign direct investment can serve as a mechanism for increasing Russia's competitiveness in the global economy, and help to integrate into the international economic system more active
188 kb

THE FEATURES OF THE DEVELOPMENT AND THE STATE REGULATION OF SMALL RURAL FARMING

abstract 1151601032 issue 115 pp. 480 – 497 27.01.2016 ru 608
The features of the process of functioning, development and regulation of agricultural growth of small agrarian farming forms (SAFF) with the participation of the state are discussed. It is noted that systematization of features of small agricultural farms plays a big role in the increasing of economic efficiency and state regulation. It is said that in certain circumstances, the same features can have both positive and negative, problematic impact, so the authors conducted their separate classification. They consider a great influence of SAFF on local development, rural employment, tax and social preferences, opportunities of cooperation, low costs and risks to create new jobs, informal management, combining the functions of manager and owner in one person, a high sensitivity to government regulation, protection of the population from the local monopoly of employers, selfdevelopment, responsibility, self-defense from external factors, and others to be positive. But SAFF work in the environment of perfect competition in the absence of market power, low, often only declared security, an underdeveloped industrial infrastructure of small farms, a high probability of unauthorized interference from shadow entities, supervisory bodies, local bureaucracy, institutional limitations in the access to information, counseling material and financial resources, low mobility, small size of economy, high dependence on local conditions, capacity of local raw material and consumer market, limited distribution channels, permanent market volatility, distrust of the practice of production and consumer cooperatives, the scarcity of capital, problematic accessibility to financial instruments, the high cost of credit, low legitimacy, the credibility of the decisions of the local bureaucracy is considered to be negative
204 kb

THE NATURE, GROWTH STAGES AND DIRECTIONS OF SMALL AGRARIAN FARMING

abstract 1151601033 issue 115 pp. 498 – 516 27.01.2016 ru 613
It is said, that small agrarian economy takes an important place in the market economy, creates new jobs, new sources of income in excessing labor resources of the rural sector .The transformational stages of small business development, motivation of starting up cooperation, conditions of formation of mixed economy is discussed. The development of diverse economic forms is considered here. The main ones are: small agricultural farms with low technical and energy equipment of labor, low level of mechanization and high level of manual labor. Small agricultural businesses were developed in the provision of production services in agriculture; the production of small agricultural forms of management that are embedded in a complex system of relations between technological specialization with medium and large businesses; small farms, which are independently or in cooperation aimed at commercial implementation, development and realization of innovations. It is shown that today's best practices in support of small business implement a number of avenues to reduce tax contributions to the pension funds of entities that use high technology; the use of tax holidays on property; the abolition of tax on profits of small industries, obtained through the sale of paper funds and other assets; the extension of preferential privatization rented small industries of real estate, with exemption from payment of tax on value added; the provision of annual financial aid packages to small businesses; the transfer to the budgets of the municipalities collected payment for the sale of patents from small entrepreneurial activity and other areas of support. The necessity of improving the economic instruments, replacement of the existing inefficient structure of domestic small entities, a greater motivation in creating new jobs, raising the living level of participants of subjects of small forms of managing
169 kb

CYCLIC RECURRENCE ASSESSMENT OF GRAIN YIELD TIME SERIES USING PHASE ANALYSIS INSTRUMENTS

abstract 1151601036 issue 115 pp. 583 – 593 27.01.2016 ru 838
An algorithm of phase analysis as the instrument of nonlinear dynamics' methods used to study cyclic recurrence of time series is viewed in current article. The existing classical econometric methods for estimating cyclic recurrence developed for random systems which dynamics matches to the normal distribution. However, there also exists non-random systems characterized by trends, periodic and non-periodic cycles called quasicycles. An example of computing process of identifying quasicycles is illustrated on time series of all grain yields in Russia for the last 119 years. Phase portrait of this time series is illustrated in twodimension space. As a result, the phase portrait consists of 22 frequently unstable quasicycles which tottality forms a strange attractor. Quasicycles have quantitative (length) and quality (configuration) characteristics. Their combination defines very important characteristic called trend-stability. Phase analysis is a powerful form of analysis of time series to assess cyclic recurrence and is a tool for pre-forecasting analysis. Fuzzy sets' mathematical apparatus is also used in this article. An algorithm of formation of fuzzy sets' quasicycles' length is also presented here. Quasicycles' statistics are presented in tables, geometric patterns and in the form of fuzzy sets
471 kb

THE STUDY OF HRM SYSTEMS: MARKET ANALYSIS, SELECTION AND IMPLEMENTATION FOR MEDIUM-SIZED AND LARGE BUSINESSES

abstract 1151601043 issue 115 pp. 707 – 729 27.01.2016 ru 682
The article reveals the basic concepts, purpose and classification of HRM systems used to manage the organization's staff. The analysis of the international and Russian market of HRM-systems and selected alternatives (seven information systems) of this class focused on the Russian practice of large and mediumsized businesses has been performed. The process of implementing an information system involves selecting the system that best suited to the needs of the business. For this purpose, there were developed evaluation criteria of information systems and their importance for the company. This stage of research was conducted through a survey of experts from among the University staff and practitioners. As a result, we have obtained the matrix of evaluations of alternative information systems of HRM and selected class "1C: Salary and personnel management 8". Research demos of the selected HRM system allowed developing a functional model, presented in the form of complex diagrams of cases of modeling language UML 2.0. The developed diagrams clearly reflect the allocated subsystems and their functions, as well as the relationship between the actors of the process and system functions. Summarizing the experience of implementing similar systems, we composed a smartchart showing the main stages of its implementation. The results have practical value and can be used by companies of the considered business segment as specific recommendations
238 kb

TRENDS IN POULTRY PRODUCTION IN THE RUSSIAN FEDERATION

abstract 1151601047 issue 115 pp. 769 – 782 27.01.2016 ru 664
The article examines the factors, which influence the formation of the market of poultry production. Agricultrual producers have developed diversified business channels, which depend on the nature of the economic interests of the owners of farms, local market conjuncture, the level of development of its own product processing and logistics structures. The growing share of imports has created a tangible threat to food security and the increasing dependence of megalopolises and big cities on import, in addition long-term relationaships have been destroyed within the existing socialist system, increased prices disparity. Only at the beginning of the 21st century Russian poultry industry started to get rid of the consequences of liberal market reforms. In many ways, the development of industry were contributed by the realization of the priority national project «Development of agriculture» and by the State program of development of agriculture and regulation of markets for agricultural products, raw materials and food for 2008-2012. However, the modernization of poultry subcomplex was mainly catching and accompanied by increasing dependence on imports cross, equipment, premixes and feed. Poultry organizations have high debt on loans, subsidies for reimbursement of the cost of interest com unevenly, putting poultry farms in a disastrous situation. In 2014, Russia has 21 region – poultry donor (where the volume of domestic production exceeds consumption) and 61 recipient regions (where the volume of domestic production is less than consumption)
172 kb

EXPECTED PROFIT OPTIMIZATION OF CONSULTING COMPANY USING THE METHODS OF DYNAMIC PROGRAMMING

abstract 1151601054 issue 115 pp. 873 – 883 27.01.2016 ru 551
The article presents the methods of specialists’ distribution for a consulting company between its projects in accordance with the methodology of dynamic programming for expected profit maximization. For its implementation, a mathematical model is being formed with nonlinear objective function and linear restrictions. The non-linearity of the objective function is due to the specifics of consulting companies and their size. The model includes probability parameters determined by expert evaluations method based on previous experience of the company in the analogical works and describing successful implementation of each project in its portfolio. Then the parameter and function of the state, satisfying recurrence are considered and linear replacement is performed to reserve a minimum number of experts on each job. The article gives a hypothetical example of a consulting company, including in its portfolio five projects with the mentioned profits in case of their success. On its basis, the developed method is implemented as a 5-step procedure of modeling of unknown parameters. Economic impact of the methods’ application is estimated . The developed model and method can be used by specialists in consulting companies, as well as in service industries
141 kb

EFFECTIVE EVALUATION OF THE INTERNAL CONTROL AND AUDIT

abstract 1151601055 issue 115 pp. 884 – 893 27.01.2016 ru 592
This article is an attempt to improve the work on the organization of the audit of the effectiveness of the internal control of business processes of economic agents of the market, has been successfully tested in practice, internal audit of a number of agricultural holdings of the Krasnodar region. The results of these internal audits, organized in accordance with the procedure provided, can provide substantial assistance in the construction management personnel of the sound system of internal control
154 kb

PROBLEMS OF RATING OF FINANCIAL ACTIVITY OF MANAGING SUBJECTS OF AGRARIAN SPHERE

abstract 1151601057 issue 115 pp. 908 – 920 27.01.2016 ru 735
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
189 kb

ANALYSIS OF INTERCOMMUNICATION OF FINANCIAL RESULTS OF ACTIVITY AND INDEXES OF ESTIMATION OF THE FINANCIAL STATE OF A COMMERCIAL ORGANIZATION

abstract 1151601058 issue 115 pp. 921 – 937 27.01.2016 ru 714
The system of indicators characterizing the financial condition of a commercial organization, the major thing is profitability of its operations as the ratio of profit on sales and revenues, the ratio of profit before tax and the average annual value of total assets, the ratio of net profit and the average value of all assets, net income and average equity. Great practical importance for the efficient management of resources economic entity is marginal analysis, but it requires, in our opinion, improvement. In the academic literature on management analysis it is recommended to determine the relative value of the stock of financial strength ratio of the absolute value of the stock of financial strength and actual revenue; financial headroom suggested determined by the difference between the actual value of revenue and earnings, the corresponding break-even point. The relative value of the stock of financial strength should be determined, in our opinion, the ratio of the absolute value of the stock of financial strength and the amount of revenue in the break-even point. Recommended in textbooks relative value of the stock of financial strength is a share of stock of financial strength in the actual revenue. The method of rating the financial condition of commercial organizations (credit scoring of the American economist D. Durant) return on total assets is also a priority index, largely determining the solvency and liquidity of the balance sheet, the financial stability of the business entity. However, in practice the profitability of the invested capital is not always characterized by an optimal investment
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