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Strategic decisions and risk management

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No 2 (2016)
https://doi.org/10.17747/2078-8886-2016-2

НАУКА

58-64 2515
Abstract

The aim of the study is to identify the specific characteristics of companies with state participation, relating to medium-sized companies, and their reflection during assessment of corporate governance quality in preparation for the long-term development programs for public companies, the share of the Russian Federation in the authorized capital in the aggregate more than fifty per cent. Actualization of the goal set in this publication is that the typical structure of corporate governance of large corporations is of little use for small and medium-sized companies because of their significant features. It occurs sort of collision: the corporate governance system in mid-sized companies can not be possesses a fundamental corporate governance of large corporations, but it should be oriented towards the development and improvement. After all, only the use of basic standards, elements and tools of traditional corporate governance systems allows to build robust governance structure to medium-sized businesses.

The article discusses specific features of corporate governance and to assess its quality with regard to medium-sized companies with state participation. Spells out interests of stakeholders associated with the company. The problems of corporate governance in the midmarket companies with 100% state package are analyzed. We consider the practical experience of evaluating the quality of corporate governance for the purposes of long-term development of the company and strategic management. Consideration characteristics companies with state participation, belonging to medium-sized businesses, during of corporate governance quality assessment in them will expand methodological assessment base and can be used in the practice of taking effective managerial decisions.

66-71 1287
Abstract
The article is devoted to the study of activity of the Russian Agency for Insurance of Export Credit and Investment (EXIAR): first results of the Agency's the Agency's activities, analysis of the key financial indicators. There are the directions in the possible privatization process EXIAR, directions of activating the output of Russian exporters in the international market and measures to improve the evaluation and improvement of financial sustainability of the agency. This article was prepared according to the results of research carried out at the expense of budget funds by the state task Financial University under the Government of Russian Federation.
72-76 1910
Abstract
The article is devoted to regulation of the road transport in the cities. It is shown the application of the theory of externalities for practical problems of transition to sustainable transport development. The author presented estimates of road transport externalities in Moscow. It is shown that less than a quarter of externalities of road transport in Moscow are internalized. The analysis of results of regulation of road transport in Russia is carried out.
78-84 4355
Abstract

The article is devoted to the assessment of the on-site generation effectiveness taking into account the risk associated with the uncertainty of future values of energy prices. It is shown that the economic efficiency is significantly affected by the unevenness of growth in energy prices and the correlation between load profile and graph of wholesale electricity prices.

Restrictions on the applying existing approaches to evaluating the effectiveness of investment projects, based on calculation of uniquely defined cash flows, are approved. The paper shows the necessity of taking risks into account in order to increase the quality of decisions given the influence of energy resources prices on project’s economic efficiency and the uncertainty of future price values. Based on the analysis of quantitative methods of risk assessment it is proposed to use fuzzy-set approach as one of the most effective methods in the conditions of uncertainty of future values.



ISSN 2618-947X (Print)
ISSN 2618-9984 (Online)