Methodological Aspects of Prioritization of Financial Tools for Stimulation of Innovative Activities

Anikina, Irina; Гукова, А. В.; Golodova, Anastasiya A.; Chekalkina, Anna A.

doi:10.35808/ersj/525

Cited by 51 publications

(40 citation statements)

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“…This is evidenced by the increasing number of bankruptcies of agricultural enterprises that is accompanied by transition of their property to commercial banks. According to the letter of Rosselkhozbank addressed in 2015 to the Committee of the State Duma: "the current level of financial stability of agricultural enterprises is assessed as insufficient for timely servicing of received loans" (Doronin 2015;Anikina, Gukova, Golodova and Chekalkina, 2016;Bashmakov, Popov, Zhedyaevskii, Chikichev and Voyakin 2015;Frank, Mashevskaya and Ermolina 2016;Ovchinnikov, Kozenko, Bichkov, Kabanov and Karpova, 2015).…”

Section: Resultsmentioning

confidence: 99%

Problems and Contradictions of the Financial System of the Agro-business Industry of Russia in Contemporary Conditions and Methodological Aspects of their Overcoming

Zoya¹,

Ramazan²,

Sabina³

et al. 2017

ERSJ

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The article deals with the problems related to financial provision of investing activities of agribusiness industry as the most important sector of the Russian economy, as well as the ways of overcoming these problems. The authors formulated main concerns hindering economic growth and development of Russian agribusiness industry, and substantiated the dependence of the economic development of the agribusiness industry on the level, content, and mechanism of financial support.The article refines the major contradictions in the financial security of agribusiness industry developments, which reduces the level of financing and contributes to the emergence of disproportions in terms of both the industry-specific aspect and the territorial (regional) aspect in the development of the agricultural sector of the economy. It is proved that in spite of excessive government centralization of financial resources in the state budget, solutions to the critical national problems on the social arrangement of the agricultural regions and financial support of the needs of agribusiness industry are not achieved yet. The authors give critical assessment of financial and credit policy of the Bank of Russia, which led to the monopolization of the financial market and the emergence of speculative and often criminal banking operations to extract excessively high income. It is noted that wrong state policy has resulted in a significant differentiation in the development of Russian regions.The authors prove the necessity to align socio-economic development of agrarian regions in Russia and create their own food economy by ensuring the development of agricultural production with due considerations of climatic and other conditions characteristic of the various regions. The article reveals also causes and contradictions hindering financial wellbeing of enterprises of agro-industrial complex, substantiating and systemizing main objectives, methodological approaches, and organizational measures aimed at overcoming these contradictions in the development of financial support in Russia in the current context. Provision of financial resources in accordance with the proposed approaches and measures will allow comprehensively solving problems concerned both the development of infrastructure in rural areas, and peculiarly, the strengthening and growth of agricultural production.

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Section: Resultsmentioning

confidence: 99%

Problems and Contradictions of the Financial System of the Agro-business Industry of Russia in Contemporary Conditions and Methodological Aspects of their Overcoming

Zoya¹,

Ramazan²,

Sabina³

et al. 2017

ERSJ

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show abstract

“…The forecast in long-term social-economic development of Russia, with the purpose of rapid development and providing the national sovereignty, states the necessity to create the digital economy model, which will be based on the national innovation platforms and breakthrough technologies (I.D. Anikina et al, 2016).…”

Section: Methodsmentioning

confidence: 99%

Issues on Diffusion of Digital Payment Innovations in Agribusiness in Russia

Korobeynikova¹,

Korobeynikov²,

Dugina³

2018

International Scientific and Practical Conference "AgroSMART - Smart Solutions for Agriculture" (AgroSMART 2018)

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The article states that to achieve the advanced development in agrarian sector and to ensure food sovereignty of Russia it is required to introduce a digital economy model. Diffusion of financial digital innovations into agriculture can occur through industrial adaptation of platforms and technologies, on the basis of which general and specific competencies are formed to develop payment and adjacent markets. The identified tendencies indicate towards the reduction in physical presence of banks and other financial institutions located in the peripheral territories relating to the federal center that could be agents of digital innovations in agribusiness sector. The applicability of new technologies (cloud technologies, big data, artificial intelligence and robotics, open interfaces (API), biometrics, distributed registries, mobile contactless technologies) used by representatives of agribusiness is considered. It is proposed to develop the regional banking sector and the regional payment infrastructure that create conditions not only for leveling the economic development of the regions, but also making it possible to increase the availability to innovative financial technologies that can be used in agribusiness and in other traditional industries. We propose the measures of territorial diversification to make payments and of the infrastructure development and of the diffusion of digital payment innovations used in agriculture.

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“…Managers of companies that perform well will try to show a good signal to stakeholders. On the other hand, managers of less wellperforming companies also have an incentive to show unfavorable signal to stakeholders to maintain the company's credibility in the capital markets (Godfrey et al, 2010;Anikina et al, 2016;Averina et al, 2016;Kosinova et al, 2016). Investors' response to the signal is reflected in the increase or decrease in the company's stock price.…”

Section: Theory Overviewmentioning

confidence: 99%

Consequences of Going Concern Opinion for Firms and Capital Market with Accounting Firm Size as Moderation Variable

Hapsoro¹

2017

ERSJ

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This research aims to observe the consequences of going concern opinion (GCO) and examine the role of specialist accounting firms for the financial reports of business firms and capital markets. The research is based on an experimental study consisting of 107 undergraduate and graduate students who were asked to act as financial analysts.The GCO consequence for the financial reports of business firms is that the stock price of the corresponding firms will decline, but the decline will be smaller if the financial reports are audited by specialist accounting firms. The GCO consequence for rival firms is that the stock prices of the rival firms will rise if other companies in the same industry receive GCO, but the increase will be smaller if the companies receiving GCO are audited by specialized accounting firms.The GCO consequences of the capital markets is that the stock prices of all companies, the composite index and the market participants will increase, but the presence of a specialized accounting firm has not been proven to strengthen the market participants' willingness to participate further in the stock market.

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Methodological Aspects of Prioritization of Financial Tools for Stimulation of Innovative Activities

Cited by 51 publications

References 0 publications

Problems and Contradictions of the Financial System of the Agro-business Industry of Russia in Contemporary Conditions and Methodological Aspects of their Overcoming

Problems and Contradictions of the Financial System of the Agro-business Industry of Russia in Contemporary Conditions and Methodological Aspects of their Overcoming

Issues on Diffusion of Digital Payment Innovations in Agribusiness in Russia

Consequences of Going Concern Opinion for Firms and Capital Market with Accounting Firm Size as Moderation Variable

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