Economic efficiency is a function of two types of resources: those that are presented in financial statements and those that are not. Non-balance sheet resources are referred as to intellectual capital (IC). The purpose of the paper is to investigate the relationship between IC, its components and the level of financial profitability. To conduct the analysis, we used the system generalized method of moments for a broad sample of Russian firms that operate in the agribusiness industry. We employed two financial approaches to IC estimation. The first one is the Value Added Intellectual Coefficient (VAIC). The second one is own-created approach that is supposed to respond the criticism regarding VAIC. Comparison between VAIC and own-created approach to IC estimation revealed that the latter is more appropriate due to its advantages. Our approach unlike VAIC allows measuring both efficiency ratios and the stocks of IC. The results showed that the efficiency of structural capital usage and the stock of human capital have the biggest impact on the profitability level of the agricultural businesses among employed measures of IC.

This article aims to analyze the levels of collective trust in banks in Poland and Russia. These are post-socialist countries and emerging markets and yet there are large discrepancies in the mentality of the respective labour markets. The hypothesis is that collective trust in banks in Russia is lower than in Poland. This has to do with the high level of declarative trust proclaimed by the Russian employees. Moreover, trust is inversely proportional to the level of education. 1,920 bank employees were surveyed in Poland and 359 in Russia. Then the overall indexes of trust in banks and sub-indexes (loyalty; care; openness; dyadic trust; honesty/fairness; common values; appreciation; job security) were calculated.

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Modern Russia faces difficulties in ensuring food quality and safety. The updated federal food security doctrine focuses on export opportunities and monitoring the ratio between domestic production and consumption. This agenda is determined by possible external threats: sanctions and trade wars, various conflicts, and economic and agricultural crises. The aim is to reveal the features of consumer behavior when interacting with food operators and to show the influence of socio-economic characteristics on individual practices. Empirical data are obtained from the authors’ mass survey and in-depth interviews. Results might signify that society came to a consensus on trust in quality and safety of food. Observed differences in outlet and product choices can be explained by income, settlement type, and age. Local producers are struggling to enter retail chains, as there are contradictions between consumer expectations and internal policies of sales operators. Experts argue that people poorly assess the real risks of economizing and favoring low-quality food.