Experience of Greece on recapitalization of banks, marketing management and personnel retraining in conditions of economic recession

The article covers instruments which are aimed at strengthening of global and national financial and credit systems, encouraging banks recapitalization, techniques of marketing management of financial and credit sector development focused on ensuring financial stability of banks. The authors consider also basic methods of banking market services regulation, point out specific issues of bank management and human recourse management development in conditions of economic recession. Greek experience of anti-crisis measures has revealed key factors and peculiarities of the changes that were brought by the global financial crisis of 2008-2010 to development of banking systems of the countries implementing the model of “catch-up development”. The experience of Greece in development and application of regulatory instruments has shown that if in the period of long sustainable economic growth for countries having emerging markets an opportunity to use the methods and control systems of developed countries can be visible, then with the appearance of negative scenarios system limitations come to the fore and the risks associated with high degree of uncertainty are realized.peer-reviewe

Instruments of marketing and credit support of the large industrial enterprises development : international experience

Instruments of marketing management and techniques of credit support should be aimed at providing sustainable development of large industrial enterprises as well as at creation of effective systems of corporate governance on the basis of integration of service and knowledge-based technologies. Development of industrial technologies and modernization of financial services assumes formation and improvement of adaptable marketing model of technological development of the industrial policy. It is also considered to be aimed at technological development of large industrial companies which demand of credit and finance and organizational support in current economic, institutional and geopolitical context in Russia.peer-reviewe

The role of retraining technologies of personnel in ensuring financial stability of transport and industrial companies

The industry-based companies with state participation operating in the Russian Federation are significant producers of economic growth and core economic entities identifying the Russian labor market growth. In terms of risky business environment, the mechanism for implementing personnel development strategy at transport and industrial companies with state participation in the capital assets, which are based on an innovative personnel training and retraining system, determines the vector of ensuring their financial stability. Considering the latter, the risk management of transport and industrial companies’ personnel development is directly related to the strategy for the intangible assets formation. It also ensures institutionalization of promising systems of human capital management.peer-reviewe

Formation of an adaptive personnel training system as a factor of ensuring financial stability of leasing companies

The article considers the developmental characteristics of training programs of leasing companies’ personnel ensuring financial stability of the business, justifying the need to use command methods in managing the leasing companies. It is generally accepted that for a sustainable business development, lease can be used as an effective tool covering medium and long-term financing. The main aim of this article is to propose contemporary ways in leasing based on an effective personnel training system.peer-reviewe

Tools of financial management of reputational risks

This study is devoted to the issues of financial management of reputational risks. The authors consider the tools for internal and external factors monitoring and analysis; identify and classify the company’s stakeholders according to their influence degree; suggest the methods of determining external and internal factors influence on the company’s business reputation. Besides they suggest using aggregated (net assets) and disaggregated (net liabilities) indicators of property obtained according to a zero-balance sheet as a criterion for assessing changes in the company’s goodwill.peer-reviewe

Balanced budget system : organizational and financial tools

The organizational and financial tools aimed at management of the Russian balanced budget are considered in the article. The Russian economy differs by instability of budget indices, which reduces economic growth and provokes strengthening of fiscal risks both for the entire national economy and its regions. To institutionalize the new budget rule non-keynesian effects of fiscal consolidation are assessed. These effects are related with the prevention of fiscal risks formation due to budget forecasting and increase of the economy adaptive capacity with the use of the budgetary rules institutional design.peer-reviewe

A tool of qualification coadaptation

A tool of qualification coadaptation is proposed to solve the problems of professional standards’ implementation. The article describes its technique and some experience in implementing.peer-reviewe

Financial engineering of infrastructure projects : the concessional mechanism

Purpose: The article considers the model of financial engineering, in which financial resources for an infrastructure project are formed based on syndicated loans. Design/Methodology/Approach: The study is based on modern concepts of uncertainty and risk management theories and the concept of digital economy. It includes a system and diagnostic analysis, methods of financial analytics as well as quantitative and qualitative risk assessment methods. Findings: Authors analyzed the investment in the infrastructure projects development in the Russian Federation. The railways' export potential is analyzed and determined to depend on coal and container terminals. Authors highlighted the need for business consolidation and new infrastructure projects based on technologies of digitalization in the transport industry, reviewed the strategic importance of concession agreement for the construction of “Northern Latitudinal Railway”. Practical Implications: The research findings revealed that implementation of large infrastructure projects is capable to render breakthrough effect on GDP and economic growth rates of the Russian Federation. The adjusted experience could be introduced in the transport framework of the Russian Federation and abroad. Originality/Value: The main contribution of this study is in the highlighting features of concessional mechanism in the framework of large infrastructure projects.peer-reviewe