At present, the share of the public sector in the Russian economy plays a significant role. The state sector is actively used as a means of regulation to achieve many state social and economic goals, including provision of the stable development of important strategic sectors. The article reveals the features of the formation and development of the corporate model of the public sector of the Russian economy, related, including the creation and functioning of the institution of state corporations. Special features of the formation of the corporate model of the public sector of the Russian economy are identified, by defining its features, principles, advantages and disadvantages of use, including the achievement of the integration effect in the process of interaction of its economic entities. The results could be used in the activities of state structures in the implementation of state policy for the development of the public sector, solving problems of accounting for its boundaries and scales, and in developing and improving strategies for the development of state corporations, and improving the efficiency of their activities.

One of the key pressing challenge the Russian electric power industry faces today in its development and performance is the problem of the cross subsidization between consumer groups. The volume of the cross subsidization in Russia has increased 4 times for 15 years. The conditionally acceptable level of the cross subsidization is estimated based on the additional tariff burden on industrial consumers associated with the implementation of the cross subsidization mechanism. In order to reduce the cross subsidization, it is recommended to increase electricity tariffs for the house-holders by 6% annually. At the transition stage to the target model should be based on the marginal tariff burden on industrial consumers; retail electricity prices for similar consumers in Europe can serve as a “standard” for such a limit (a possible increase in electricity tariffs for industrial consumers on average in Russia is 1.4 times the level of 2016). Options for reducing the cross subsidization and recommendations on how to determine the appropriate volumes are proposed, that is important in the current conditions of the absence of a single adopted methodology for assessing both the value of cross-subsidization and economically justified tariffs.
The mechanism of the cross subsidization in the target model of electric energy pricing should be completely excluded, for which the indicator “growth of regulated (final) tariffs for the population” should be included in the forecast of social and economic development of Russia (return to the existing practice until 2017), providing for faster growth rates compared to other consumers.

Digital currency became a relevant topic lately, with the central banks contemplating the idea of issuing their own virtual currencies. Central banks may issue their virtual currencies to simplify interbank cross-border settlements and make them cheaper. In order to achieve this, both commercial and central banks recognize these virtual currencies as means of payments. In these projects blockchain could be used to store information about the digital currencies, instead of fiat money. We have identified the risks associated with the virtual currencies issued by the central banks: conversion and volatility risks. We have looked at different approaches to the distributed ledger, principles for decentralized virtual currencies, possibility of these technologies being used by the central banks, various risks and their mitigation strategies. We also formulated the technological and legal principles that may guide the issuance of the digital currency by the central banks. And reviewed the practicability of issuing virtual currencies by the central banks, based on exogenous and endogenous factors.

Studying the performance of industrial companies in difficult economic conditions represents an actual scientific objective given that Russian companies are faced to identify new ways of development in the conditions of sanctions of the Russian economy and instability of economic development. The article includes generalization of the factors and conditions determining "difficult economic conditions"; definition of threats and opportunities of the Russian industrial companies; the description of the strategies already accepted by the companies in difficult economic conditions
The article also includes the comparative analysis of substantial aspects of strategy of the Russian industrial companies. It appears that the most widespread strategy applied by the Russian industrial companies in the conditions of recession, especially in short-term perspective is the retrenchment strategy. The imposed sanctions and the state policy of import substitution are regarded as the stimulus for the industrial companies to revise the structure of the asset portfolio, to focus on reduction of operational costs and divestment of non-core assets. At the same time, the reduction of costs and assets reduces further capability of the industrial companies for growth and development when the conditions improve and revert to positive trend.
The analysis of the strategies of Russian industrial companies identified four groups of strategies applied in difficult economic conditions: moderate product diversification; group protective diversification; rationalising diversification; conservative rationalization. It should be noted that no clear significant relationships were found between recession strategy types and recovery performance. This highlights the diversity of business responses to recession conditions and the uncertainty of subsequent performance outcomes.

Learning-by-export effects exist due to the nature of the creation, accumulation, transfer of knowledge, as well as the companies’ absorption capacity to accumulate and adapt the best experience, competences borrowed from abroadwithin the organization. The length and direction of exports have a significant impact on the innovation activities of organizations, while innovations do not always encourage the leaders to initiate export activities.
In the course of empirical research, we have identified the following rules in relation to Russian IT-firms:
1) New IT-exporters have no visible link between the introduction of new products, technologies and the start of exports. Investments in research and development, which may have been initiated after entering foreign markets or at the same time, have not yet yielded results.
2) Stable export activity encourages IT-companies to apply new technological, process and marketing innovations that were not previously part of the firm's plans, much more often than firms in the local market.
3) The impact of external knowledge effects on the productivity of IT-companies depends on the geographical direction of exports: a) the markets of the near abroad (CIS countries) and Russia itself;b) the markets of the far abroad. 4) Investments in R&D, marketing and production of new products are more typical for companies located in capitals (Moscow and Saint-Petersburg). On the contrary, the relationship between the presence of an international office and the introduction of innovations has not been proven. The size of companies has only affected the production of new technologies: if a company is a medium-sized enterprise or a larger one, the probability of innovation is increased by 22%. 5) The smaller the firm, the lower its desire to participate in extensive innovation networks, increase the number and diversity of external relations. The size of the company determines the level of influence of cooperation with other market participants on its internal innovation process
The article discusses the classification of knowledge spillover effects, the methodology of the study, the analysis of the economic impact of the process "flow" as a result of entering foreign markets. The paper’s emphasis is on assessment of recipients’ capabilities to accumulate new knowledge in the course of export activities, to extract advantages in terms of future development such as increasing innovation activity and, consequently, attractiveness, resulting in higher performance efficiency.

Projects on development and a conclusion of new products to the market remain one of the most demanded in practice of the modern companies. In case of their successful realization the companies manage to increase significantly a market share, to attract new consumers, to raise level of the innovative activity, and also to improve financial performance. At the same time a fact of common knowledge is the high share of unsuccessful projects in the field of a conclusion of new products to the market, especially it is characteristic for pharmaceutical branch. Therefore, the purpose of this article is identification of the main channels of obtaining information by the consumer about innovative products, and; definition of the factors having impact on consumers at a choice of new products in the pharmaceutical market.
As a result of research it is revealed that two components belong to factors of success of an innovative product: technical, defining high usefulness of an innovative product, and marketing, considering criteria of a choice of goods of consumers. In work it is shown that the majority of consumers as B2B, and B2C of segments during making decision on purchase rely on such source of information as the Internet. Thus, effective communication with potential consumers on the Internet will be one of major factors of success of start of a new product. Following the results of the conducted research it was defined that the main factors allocating an innovative pharmaceutical product are completeness of information on it, and also high level of client support. In this connection, for satisfaction of requirements, it is offered to start a hotel independent platform of support of start of an innovative product which will include: full information on properties of a product; all necessary technical documentation, and also the section devoted to support of potential clients.
Practical realization of results of the conducted research is shown on the example of development of strategy of advance innovative BIOCAD company products.

The idea of the fourth technological revolution on the one hand is conceptual as formulates understanding of occurring changes, on the other hand, institutional, so creates the base for a number of the political initiatives developed and supported by the state and business for development of a research and development program. In article questions are considered:
• Where the third industrial revolution comes to an end and the fourth begins?
• What distinctive features and elements characterize "the industry 4.0"?
• What changes expect an industry and the enterprise? the main characteristics of industrial production carry are:
• digitalization and vertical integration on a value creation chain; digitalization and horizontal integration of several chains of value creation;
• digitalization of products and services;
• digital business models and access of clients;
• the developed technological platform.
The analysis of influence of the technologies characterizing the fourth industrial revolution on increase of productivity of the industrial companies is carried out. Application of the specified technologies not only allows to reduce number of unplanned shutdowns of the equipment considerably; time spent for jet, emergency work; but thus to increase time spent for pro-active, preventive maintenance. Besides, transformation of industrial production affects business-models of the industrial companies. The carried-out analysis of cases, allowed to allocate three new models of the organization of plants: the clever automated plants, the plants focused on the client, and mobile plants.

Analysis of the legal and economic support of the public procurement system and the functions of control and monitoring procedures in the modern model of public procurement in the Russian Federation is an important issue in the region of competition. The main innovations and weaknesses in the regulations and results of control procedures at the planning, placement, evaluation and control stages were identified. Conclusions and recommendations on improving the effectiveness of the public procurement control system in Russia are developed through the integration of modern valuation tools and the inclusion of control measures in the process, the formation of experts' conclusions regarding the justification and confirmation of the cost characteristics of the contract in government procurement and procurement of state corporations. The specifics of the institutionalization of control processes in the mechanism of public procurement are considered.
The theoretical and practical principles of improving the system of control over public procurement in Russia are studied. The approach to the formation of proposals on additional regulation of control procedures in the contract system is formulated with the aim of providing a qualitative effect on procurement processes.

The author’s concept of parametric strategic management approach is considered in accordance with generally accepted strategic management conceptions. Simultaneously the article makes an attempt to substantiate application of qualitative comparative analysis as a relevant method of empirical verification and to construct one-dimensional model of employee’s labor participation as the demonstration of practical application of the author’s concept

The cause-effect relationships between performance dimensions were assessed using a multivariate linear regression. The author analyzes the strategic behavior of Russian football clubs using the profit/win maximization classification. The causality tests allowed the author to form a conceptual model of the main performance dimensions of professional football clubs in Russia. The results help better understand the managerial pitfalls in Russian club football. The article contributes to the literature on organizational performance of professional football clubs by focusing on the Russian context, which has not been done previously. The findings of the paper confront the managerial fallacies of Russian club football and broaden the understanding of club football management practices in general.

Digitalization of the economy is one of the priorities of the Long-term development strategy of the Russian Federation. One of the key components of the digital economy is Smart grids.
This study aims to identify and systematize the technological, economic and other effects of the introduction of intelligent energy networks. The sources of these effects can either be a transition to digital management in the electricity industry, or a change in the behavior patterns of consumer companies, business practices of energy supply and service companies.

The article considers place and role of the risk-oriented approach in environmental management at enterprises, describes mechanisms for use of risk assessment in environmental management processes and documents, tools for use of risk characteristics in development and implementation of programmes and plans for oil refineries.
The study relevance is based on the need to improve the environmental management system of “Orsknefteorgsintez” in line with the plans to include risk-oriented approach in supervisory work, including state environmental supervision.
The main goal of the work was development of approaches to risk-oriented environmental management at “Orsknefteorgsintez” based on the health risk assessment from environment pollution, followed by interpretation of gained data and appropriate management decisions.
The research was conducted in two stages. The first stage included health risk levels determination resulted from air pollution by “Orsknefteorgsintez”. The results included hygienic studies of human health risk assessment from negative impact by “Orsknefteorgsintez” considering the implementation of the middle-term enterprise development program; and results of comparative analysis of human health risk levels prior to and after operational commissioning of reconstructed objects within the middle-term enterprise development program. The recommendation on human health risk management from the “Orsknefteorgsintez” production facilities (including control and monitoring) are based on the results of the first stage.
Risk-oriented improves environmental management systems at enterprises, helps in interactions with government bodies, enhances management decisions in line with environmental legislation and increases environmental-economic investment efficiency.