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1 – 10 of 15Imeda A. Tsindeliani, Maxim M. Proshunin, Tatyana D. Sadovskaya, Zhanna G. Popkova, Mariam A. Davydova and Oksana A. Babayan
The purpose of this paper is to study the current state of the Russian banking system in the context of digital economy development, to establish and identify the benchmarks and…
Abstract
Purpose
The purpose of this paper is to study the current state of the Russian banking system in the context of digital economy development, to establish and identify the benchmarks and needs of legal regulation, to study the potential possibilities of digitalization of relations in the banking sector in the mechanism of implementing prudential rules.
Design/methodology/approach
Using the method of political and legal analysis used in this study, the legal guidelines for the digitalization of the banking sector and the financial services market have been determined, which in the Russian legal system are strategic planning documents.
Findings
International research in the field of banking indicates that digitalization and globalization of the economy stimulate the processes of international regulatory cooperation and harmonization of legislation, the use of new approaches in the development and adoption of regulations in the financial market. The growth of digitalization of relations in the banking sector will contribute to the effective implementation of prudential rules, including those related to the need to protect public interests.
Originality/value
The study revealed a number of issues related to the digitalization of the activities of credit institutions that are professional participants in the securities market and the central bank as a financial mega-regulator, requiring a legal solution. Measures aimed at improving the current legislation and procedures of state regulation and supervision are proposed.
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Keywords
The purpose of the work is to verify the offered hypothesis and to evaluate the potential of the modern Russian entrepreneurship in economy’s informatization.
Abstract
Purpose
The purpose of the work is to verify the offered hypothesis and to evaluate the potential of the modern Russian entrepreneurship in economy’s informatization.
Methodology
A specially developed proprietary method of evaluation of entrepreneurship’s potential in economy’s informatization and the level of its opening is used, which is created on the basis of the classical method of effectiveness evaluation. The information and analytical basis of studying the entrepreneurship’s potential in economy’s informatization is the materials of the report “The Global Information Technology Report 2016. Innovating in the Digital Economy”, prepared and presented by INSEAD, JOHNSON (Cornell University) and World Economic Forum. The offered proprietary method envisages evaluation of entrepreneurship’s potential in economy’s informatization and the level of its opening on the basis of statistical data according to four criteria: business and innovational environment, business ICT infrastructure, usage of new ICT in business, and economic consequences of using new ICT in business.
Results
The author evaluates the entrepreneurship’s potential in economy’s informatization in modern Russia in 2016 and concludes that entrepreneurship’s potential in modern Russia is rather high, due to which high value of the index of information economy’s formation in Russia is achieved. That is, large entrepreneurship’s potential in economy’s informatization should be viewed as a precondition for information economy’s formation in modern Russia.
Recommendations
The author proves that entrepreneurship’s potential in economy’s informatization is an important component of the process of information economy’s formation in the economic system and can stimulate successful and quick implementation of this process or, quite on the contrary, slow down it rated, based on which it should be paid more attention.
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Elena Popkova, Zhanna Gornostaeva and Natalia Tregulova
The purpose of this paper is to determine the role of innovations in provision of competitiveness and innovational development of economy and overcoming of “underdevelopment…
Abstract
Purpose
The purpose of this paper is to determine the role of innovations in provision of competitiveness and innovational development of economy and overcoming of “underdevelopment whirlpools” in Russia and countries of Eastern Europe with the help of a special proprietary methodology.
Design/methodology/approach
The authors substantiate the concept and methodology of calculation of “underdevelopment whirlpools”, perform the analysis of development of “underdevelopment whirlpools” in Russia and countries of Eastern Europe and evaluate the influence of “underdevelopment whirlpools” on competitiveness of these countries’ economy.
Findings
The authors determine the perspectives of overcoming the “underdevelopment whirlpools” in Russia and countries of Eastern Europe and increasing their competitiveness with the help of innovation and develops practical recommendations for creation of innovational economy for the purpose of provision of high competitiveness and overcoming of “underdevelopment whirlpools” in Russia and countries of Eastern Europe and overcoming of strong and growing differentiation of the level of socio-economic development of their sub-systems.
Practical implications
Creation of innovational economy in Russia and countries of Eastern Europe is hindered by multiple obstacles (socio-economic and institutional), the success of overcoming of which determines the realization of a certain scenario of development of events.
Originality/value
The main conclusion is that creation of innovational economy can and should become a new vector of economic growth in Russia and countries of Eastern Europe and overcoming of strong and growing differentiation of the level of socio-economic development of their sub-systems.
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Zhanna V. Gornostaeva, Ekaterina S. Alekhina, Inna V. Kushnareva, Olga Y. Malinina and Sergey L. Vasenev
The purpose of this work is to determine the key barriers on the path of information economy’s formation in modern Russia and to determine the possibilities and perspectives of…
Abstract
Purpose
The purpose of this work is to determine the key barriers on the path of information economy’s formation in modern Russia and to determine the possibilities and perspectives of overcoming them.
Methodology
In order to determine weak spots in the Russian practice of information economy’s formation, the values of the indicators that reflect the corresponding progress in technosphere, sociosphere, economic sphere, and target result in Russia are compared to average values for the leading countries of the world that achieved the largest success in the formation of information economy. For that, the method of comparative and problem analysis is used.
Results
In the course of the research, the institutional barrier, which is related to the limitation of acceptance of priorities of information economy in the national strategy; structural barrier, which is based on insufficient development of the ICT spheres; and investment barrier, caused by deficit of investments in the ICT spheres, were found.
Recommendations
The determined barriers do not correlate with the national peculiarities of the socio-economic system of modern Russia. In particular, despite the incompleteness of market reformation, the level of informatization of the Russian economic system is very high. Despite the traditional public mode, sociosphere is the sector of the largest success in Russia in information economy’s formation, and the directive character of modernization of the socio-economic system stimulates quick formation of information economy due to timely establishment of the corresponding strategic course and implementation of state initiatives in the direction of its practical implementation.
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Zhanna V. Gornostaeva, Elvira A. Khalikova, Inna V. Andronova and Platon A. Lifanov
To elaborate on the model terms for the effective integration in Russia's special economic zones in the long term.
Abstract
Purpose
To elaborate on the model terms for the effective integration in Russia's special economic zones in the long term.
Design/Methodology/Approach
The statistical method, comparative method and a formalised model of game theory are used in this research.
Findings
The research is aimed at determining the model conditions for effective integration in Russia's special economic zones. The proprietary methodology envisages the following stages: establishment of the case experience of the development of Russia's special economic zones and determination of requirements that are set to residents (players) for entrance; comparison of the functioning of players of one of the studied integration structures under the conditions of individual development and the conditions of business integration; description of advantages; development of the practical implications to improve the business strategies of residents (players). The analysis is performed based on the materials of the development of Industrial Production SEZ ‘Alabuga’ (Republic of Tatarstan) and its residents, as well as the evaluation of the system of regulation of the parameters of joining special economic zones of different types. The assessed residents of Industrial Production SEZ ‘Alabuga’ (Republic of Tatarstan) are Trakya Glass Rus and Automotive Glass Alliance Rus (in 2021, the name was changed to Shishejam Automotive Rus), which started functioning within the association in 2017.
Originality/Value
The originality and scientific value of this research are due to the description of the specific features and perspective directions of integration in Russia's special economic zones.
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Olga T. Cherney, Zhanna V. Smirnova, Sergey D. Tsymbalov, Elena V. Romanovskaya and Ekaterina P. Garina
The development of service activities at the present stage of the economy is increasingly taking its place in the market for the provision of services, thereby intensifying…
Abstract
Purpose
The development of service activities at the present stage of the economy is increasingly taking its place in the market for the provision of services, thereby intensifying competition among service organisations.
Methodology
In the process of research, the author identified the main ways to improve the quality of customer service.
Findings
A theoretical substantiation of the analysis of the studied problem of service quality by organisations and the impact of service quality on the economic performance of enterprises, which are one of the problems of the country's economic development at the present stage, is carried out, the service process is an integral part of the service.
Originality
As part of the study, an assessment was made of the qualitative indicators of service organisations providing services to the population. Proposals have been made to improve the efficiency of service quality.
Details