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Abstract - Modeling the Process of Financing Small Organizations
Modeling the Process of Financing Small Organizations - Pages 774-783
Natalia Morozko, Nina Morozko and Valentina Didenko DOI: https://doi.org/10.6000/1929-7092.2018.07.74 |
Abstract: Most small business organizations are constantly lacking financial resources. This situation is associated with a small amount of own funds and the difficulty of raising borrowed funds. In the prevailing conditions, the need for well-founded financing management, this ensures the stable financial condition of a small organization, increases. Modeling the process of financing an organization allows you to consider different financing options, to influence the most significant factors in a particular situation. It is proposed to use the cognitive approach for dynamic management of the financing process and the choice of a rational variant based on the logit model. Determination of the degree of influence of various factors is proposed to be determined using correlation-regression modeling. With the help of the proposed modeling of the financing process of a small organization, it is possible to forecast positive changes in financial performance. Keywords: Management, small business, financing, is modeling. |
Abstract - Prospects for the Use of Private Sector Capital in the Development of High-Tech Industry
Prospects for the Use of Private Sector Capital in the Development of High-Tech Industry - Pages 784-789
Alexey V. Kemenov, Nikolay A. Okatyev, Vladimir K. Proskurin and Boris V. Proskurin DOI: https://doi.org/10.6000/1929-7092.2018.07.75 |
Abstract: Relevance: The solution to the problems of competitiveness of innovative technologies and products in global markets, accelerating the process of import substitution (if existing international economic sanctions by Russia) perhaps with the active using the capital of private business. This calls for the formation of certain financial and economic conditions of overcoming the barriers of innovative development of enterprises. Keywords: Life cycle of an innovation, transformation of management, innovative infrastructure, portfolio investments, innovative appeal. |
Abstract - Dividend Policy and Its Influence on the Cost of Capital
Dividend Policy and Its Influence on the Cost of Capital - Pages 790-796
Svetlana V. Shchurina and Elvira F. Mustafina DOI: https://doi.org/10.6000/1929-7092.2018.07.76 |
Abstract: This article conducts a research about the dividend policy of information technology companies with the highest growth rates and a comparison of cash dividends and stock buybacks in terms of cost of capital optimization and increase of enterprise value. In addition, the article presents a comparison between the dividend policy of US and Russian technology companies and concludes that Russian policy is less complicated due to relatively low country market capitalization and short dividend policy background. It is noticed that more and more companies with share equity use share repurchase policy and shorten quantity of cash for dividends payout. Calculation of a number of indexes show that such policy positively influences on the enterprise value, may decrease cost of capital and bring more stability into financial condition of a company. Keywords: Dividend policy, cost of capital, share price, share buybacks/repurchase, capital structure. |
Abstract - The Development of Taxation of Small Business in Russia in the Conditions of the Digital Economy
The Development of Taxation of Small Business in Russia in the Conditions of the Digital Economy - Pages 797-803
I.A. Zhuravleva DOI: https://doi.org/10.6000/1929-7092.2018.07.77 |
Abstract: The subject of the study of the proposed topic of the article is the tax relations arising in the process of tax regulation by states of taxation of small business in the digital economy. The relevance of small business development as one of the important categories of taxpayers plays an essential role in the formation of the revenue side of the budget, as well as in the solution of social issues in society. The novelty of scientific research lies in the fact that the problems of investing and taxing small business are based on the prospects of digitalization of the economy. The purpose of writing this research is to address the identified problems of small business taxation in the rapidly changing information and communication technologies, Internet sites, the emergence of new paradigms and business models. The problems of taxation of self-employed population in the country are touched, anddirections for their solution are determined. When writing the article, general scientific methods of financial, economic, comparative analysis, analytical and systematic approach to the object of research and methodological approaches in a number of proposals were used. Problems are identified and investigated in the scientific context, and an in-depth analysis is conducted to ensure the development of small enterprises in Russia in the digital economy. Keywords: Small business, digital economy, innovations, information and communication technologies, taxation. |