152 research outputs found

    Comparison among Hamiltonian light-front formalisms at q+ = 0 and q+ <> 0: space-like elastic form factors of pseudoscalar and vector mesons

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    The electromagnetic elastic form factors of pseudoscalar and vector mesons are analyzed for space-like momentum transfers in terms of relativistic quark models based on the Hamiltonian light-front formalism elaborated in different reference frames (q+ 0 and q+ 0). As far as the one-body approximation for the electromagnetic current operator is concerned, it is shown that the predictions of the light-front approach at q+=0 should be preferred, particularly in case of light hadrons, because of: i) the relevant role played by the Z-graph at q+ 0, and ii) the appropriate elimination of spurious effects, related to the orientation of the null hyperplane where the light-front wave function is defined.Comment: version to appear in Phys. Rev. C. No change in the results and in the conclusion

    Decay constants of heavy pseudoscalar mesons from QCD sum rules

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    We revisit the sum-rule extraction of the decay constants of the D, Ds, B, and Bs mesons from the two-point correlator of heavy-light pseudoscalar currents. We use the operator product expansion for this correlator expressed in terms of the MSbar heavy-quark mass, for which the perturbative expansion exhibits a reasonable convergence. Our main emphasis is laid on the control over the uncertainties in the decay constants, related both to the input QCD parameters and to the limited accuracy of the method of sum-rules. This becomes possible due to the application of our procedure of extracting hadron observables that involves as novel feature dual thresholds depending on the Borel parameter. For charmed mesons, we find the decay constants f_D=206.2\pm 7.3(OPE)\pm 5.1(syst) MeV and f_Ds=245.3\pm 15.7(OPE)\pm 4.5(syst) MeV. For beauty mesons, the decay constants turn out to be extremely sensitive to the precise value of mb(mb). By requiring our sum-rule estimate to match the average of the lattice results for f_B, a very accurate value mb(mb)=4.245\pm 0.025 GeV is extracted, leading to f_B=193.4\pm 12.3(OPE)\pm 4.3(syst) MeV and f_Bs=232.5\pm 18.6(OPE)\pm 2.4(syst) MeV.Comment: 12 page

    Good covers are algorithmically unrecognizable

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    A good cover in R^d is a collection of open contractible sets in R^d such that the intersection of any subcollection is either contractible or empty. Motivated by an analogy with convex sets, intersection patterns of good covers were studied intensively. Our main result is that intersection patterns of good covers are algorithmically unrecognizable. More precisely, the intersection pattern of a good cover can be stored in a simplicial complex called nerve which records which subfamilies of the good cover intersect. A simplicial complex is topologically d-representable if it is isomorphic to the nerve of a good cover in R^d. We prove that it is algorithmically undecidable whether a given simplicial complex is topologically d-representable for any fixed d \geq 5. The result remains also valid if we replace good covers with acyclic covers or with covers by open d-balls. As an auxiliary result we prove that if a simplicial complex is PL embeddable into R^d, then it is topologically d-representable. We also supply this result with showing that if a "sufficiently fine" subdivision of a k-dimensional complex is d-representable and k \leq (2d-3)/3, then the complex is PL embeddable into R^d.Comment: 22 pages, 5 figures; result extended also to acyclic covers in version

    ΠŸΡ€ΡΠΌΠΎΠ΅ Π½Π΅Ρ‡Π΅Ρ‚ΠΊΠΎΠ΅ ΠΎΡ†Π΅Π½ΠΈΠ²Π°Π½ΠΈΠ΅ Β«Ρ†Π΅ΠΏΠΎΡ‡Π΅ΠΊΒ» финансовых рисков ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΈ

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    The object of the research is the diagnosis and evaluation of financial risks in order to create an effective risk management policy. The subject of the research is the methodology of direct fuzzy evaluation of financial risk β€œchains” of an organisation. The relevance of the problem is due, on the one hand, to the dynamic and chaotic macro-environment and the business environment of organisations, on the other hand, to the drawback of the analytical and expert methods used to assess financial risks. The former, moreover, imply statistical data processing and operate with quantitative measures. For the latter, the difficulty is the impossibility of their application in a short time interval. From the perspective of operational risk management, financial risks deserve special attention since the effective operation of the entire organisation depends on them. The purpose of the research is to form a methodology for direct fuzzy evaluation of financial risk β€œchains” of an organisation. The authors apply the methods of mathematical forecasting, fuzzy modelling, calculation of financial and economic indicators, and expert risk assessment. The proposed methodology consists of 12 stages, beginning with the analysis of business processes and the identification of financial risks of the organisation. The main stage is the construction of a fuzzy evaluation model and the calculation of indicators: the probability of occurrence and realization of risks and risky situations of the financial risk β€œchains”, and the degree of confidence of the calculations conducted. The final stage of the methodology is an analysis of the results obtained to adjust the selected development strategy of the organisation, and the choice of methods for managing identified financial risks bearing the most significant financial and economic losses. The authors conclude the developed methodology allows to accurately assess the threat of a certain risk β€œchain” and losses from the implementation of specific risk situations for any organisation in the conditions of dynamic changes in internal and external elements of the business environment. The advantage of the methodology should be considered in the comparability of the accuracy of the evaluation and the low cost of modelling.ΠžΠ±ΡŠΠ΅ΠΊΡ‚ΠΎΠΌ исслСдования выступаСт диагностика ΠΈ ΠΎΡ†Π΅Π½ΠΊΠ° финансовых рисков с Ρ†Π΅Π»ΡŒΡŽ создания эффСктивного риск-ΠΌΠ΅Π½Π΅Π΄ΠΆΠΌΠ΅Π½Ρ‚Π°. ΠŸΡ€Π΅Π΄ΠΌΠ΅Ρ‚ΠΎΠΌ исслСдования являСтся ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΈΠΊΠ° Π½Π΅Ρ‡Π΅Ρ‚ΠΊΠΎΠ³ΠΎ прямого оцСнивания Β«Ρ†Π΅ΠΏΠΎΡ‡Π΅ΠΊΒ» финансовых рисков ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΉ. ΠΠΊΡ‚ΡƒΠ°Π»ΡŒΠ½ΠΎΡΡ‚ΡŒ ΠΏΡ€ΠΎΠ±Π»Π΅ΠΌΠ°Ρ‚ΠΈΠΊΠΈ обусловлСна, с ΠΎΠ΄Π½ΠΎΠΉ стороны, Π΄ΠΈΠ½Π°ΠΌΠΈΡ‡Π½ΠΎΠΉ ΠΈ Ρ…Π°ΠΎΡ‚ΠΈΡ‡Π½ΠΎΠΉ ΠΊΠ°ΠΊ макросрСдой, Ρ‚Π°ΠΊ ΠΈ бизнСс-срСдой ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΉ, с Π΄Ρ€ΡƒΠ³ΠΎΠΉ β€” нСдостатками примСняСмых аналитичСских ΠΈ экспСртных ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΎΠ² ΠΎΡ†Π΅Π½ΠΊΠΈ финансовых рисков. ΠŸΠ΅Ρ€Π²Ρ‹Π΅ ΠΏΡ€ΠΈ этом ΠΏΠΎΠ΄Ρ€Π°Π·ΡƒΠΌΠ΅Π²Π°ΡŽΡ‚ ΡΡ‚Π°Ρ‚ΠΈΡΡ‚ΠΈΡ‡Π΅ΡΠΊΡƒΡŽ ΠΎΠ±Ρ€Π°Π±ΠΎΡ‚ΠΊΡƒ Π΄Π°Π½Π½Ρ‹Ρ… ΠΈ ΠΎΠΏΠ΅Ρ€ΠΈΡ€ΡƒΡŽΡ‚ количСствСнными ΠΌΠ΅Ρ‚Ρ€ΠΈΠΊΠ°ΠΌΠΈ. Для Π²Ρ‚ΠΎΡ€Ρ‹Ρ… Ρ‚Ρ€ΡƒΠ΄Π½ΠΎΡΡ‚ΡŒ Π·Π°ΠΊΠ»ΡŽΡ‡Π°Π΅Ρ‚ΡΡ Π² нСвозмоТности ΠΈΡ… примСнСния Π½Π° ΠΊΠΎΡ€ΠΎΡ‚ΠΊΠΎΠΌ Π²Ρ€Π΅ΠΌΠ΅Π½Π½ΠΎΠΌ ΠΈΠ½Ρ‚Π΅Ρ€Π²Π°Π»Π΅. Π‘ ΠΏΠΎΠ·ΠΈΡ†ΠΈΠΈ ΠΎΠΏΠ΅Ρ€Π°Ρ‚ΠΈΠ²Π½ΠΎΠ³ΠΎ риск-ΠΌΠ΅Π½Π΅Π΄ΠΆΠΌΠ΅Π½Ρ‚Π° Π·Π°ΡΠ»ΡƒΠΆΠΈΠ²Π°ΡŽΡ‚ особого внимания финансовыС риски, ΠΏΠΎΡΠΊΠΎΠ»ΡŒΠΊΡƒ ΠΎΡ‚ Π½ΠΈΡ… зависит эффСктивноС Ρ„ΡƒΠ½ΠΊΡ†ΠΈΠΎΠ½ΠΈΡ€ΠΎΠ²Π°Π½ΠΈΠ΅ всСй ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΈ. ЦСль исслСдования Π·Π°ΠΊΠ»ΡŽΡ‡Π°Π΅Ρ‚ΡΡ Π² Ρ„ΠΎΡ€ΠΌΠΈΡ€ΠΎΠ²Π°Π½ΠΈΠΈ ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΈΠΊΠΈ Π½Π΅Ρ‡Π΅Ρ‚ΠΊΠΎΠ³ΠΎ прямого оцСнивания Β«Ρ†Π΅ΠΏΠΎΡ‡Π΅ΠΊΒ» финансовых рисков ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΉ. Π˜ΡΠΏΠΎΠ»ΡŒΠ·ΠΎΠ²Π°Π½Ρ‹ ΠΌΠ΅Ρ‚ΠΎΠ΄Ρ‹ матСматичСского прогнозирования, Π½Π΅Ρ‡Π΅Ρ‚ΠΊΠΎΠ³ΠΎ модСлирования, расчСта финансово-экономичСских ΠΏΠΎΠΊΠ°Π·Π°Ρ‚Π΅Π»Π΅ΠΉ, экспСртной ΠΎΡ†Π΅Π½ΠΊΠΈ рисков. ΠŸΡ€Π΅Π΄Π»Π°Π³Π°Π΅ΠΌΠ°Ρ ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΈΠΊΠ° состоит ΠΈΠ· 12 этапов, начинаСтся с Π°Π½Π°Π»ΠΈΠ·Π° бизнСс-процСссов ΠΈ ΠΈΠ΄Π΅Π½Ρ‚ΠΈΡ„ΠΈΠΊΠ°Ρ†ΠΈΠΈ финансовых рисков ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΈ. ΠžΡΠ½ΠΎΠ²Π½Ρ‹ΠΌ Π΅Π΅ этапом являСтся построСниС Π½Π΅Ρ‡Π΅Ρ‚ΠΊΠΎΠΉ ΠΎΡ†Π΅Π½ΠΎΡ‡Π½ΠΎΠΉ ΠΌΠΎΠ΄Π΅Π»ΠΈ ΠΈ расчСт ΠΏΠΎΠΊΠ°Π·Π°Ρ‚Π΅Π»Π΅ΠΉ: Π²Π΅Ρ€ΠΎΡΡ‚Π½ΠΎΡΡ‚ΡŒ возникновСния ΠΈ Ρ€Π΅Π°Π»ΠΈΠ·Π°Ρ†ΠΈΠΈ рисков ΠΈ рисковых ситуаций Β«Ρ†Π΅ΠΏΠΎΡ‡ΠΊΠΈΒ» финансовых рисков, ΡΡ‚Π΅ΠΏΠ΅Π½ΡŒ увСрСнности ΠΏΡ€ΠΎΠ²ΠΎΠ΄ΠΈΠΌΡ‹Ρ… расчСтов. ΠšΠΎΠ½Π΅Ρ‡Π½Ρ‹ΠΉ этап ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΈΠΊΠΈ являСт собой Π°Π½Π°Π»ΠΈΠ· ΠΏΠΎΠ»ΡƒΡ‡Π΅Π½Π½Ρ‹Ρ… Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚ΠΎΠ² с Ρ†Π΅Π»ΡŒΡŽ ΠΊΠΎΡ€Ρ€Π΅ΠΊΡ‚ΠΈΡ€ΠΎΠ²ΠΊΠΈ Π²Ρ‹Π±Ρ€Π°Π½Π½ΠΎΠΉ стратСгии развития ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΈ, Π²Ρ‹Π±ΠΎΡ€Π° ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΎΠ² управлСния выявлСнными финансовыми рисками, нСсущими Π½Π°ΠΈΠ±ΠΎΠ»Π΅Π΅ сущСствСнныС финансово-экономичСскиС ΠΏΠΎΡ‚Π΅Ρ€ΠΈ. Π‘Π΄Π΅Π»Π°Π½ Π²Ρ‹Π²ΠΎΠ΄ ΠΎ Ρ‚ΠΎΠΌ, Ρ‡Ρ‚ΠΎ разработанная ΠΌΠ΅Ρ‚ΠΎΠ΄ΠΈΠΊΠ° позволяСт с высокой Ρ‚ΠΎΡ‡Π½ΠΎΡΡ‚ΡŒΡŽ ΠΎΡ†Π΅Π½ΠΈΡ‚ΡŒ ΡƒΠ³Ρ€ΠΎΠ·Ρƒ возникновСния ΠΎΠΏΡ€Π΅Π΄Π΅Π»Π΅Π½Π½ΠΎΠΉ Β«Ρ†Π΅ΠΏΠΎΡ‡ΠΊΠΈΒ» рисков ΠΈ ΠΏΠΎΡ‚Π΅Ρ€ΠΈ ΠΎΡ‚ Ρ€Π΅Π°Π»ΠΈΠ·Π°Ρ†ΠΈΠΈ ΠΊΠΎΠ½ΠΊΡ€Π΅Ρ‚Π½Ρ‹Ρ… рисковых ситуаций для любой ΠΎΡ€Π³Π°Π½ΠΈΠ·Π°Ρ†ΠΈΠΈ Π² условиях Π΄ΠΈΠ½Π°ΠΌΠΈΡ‡Π½Ρ‹Ρ… ΠΈΠ·ΠΌΠ΅Π½Π΅Π½ΠΈΠΉ Π²Π½ΡƒΡ‚Ρ€Π΅Π½Π½ΠΈΡ… ΠΈ Π²Π½Π΅ΡˆΠ½ΠΈΡ… элСмСнтов бизнСс-срСды. Π•Π΅ прСимущСством слСдуСт ΡΡ‡ΠΈΡ‚Π°Ρ‚ΡŒ ΡΠΎΠΏΠΎΡΡ‚Π°Π²ΠΈΠΌΠΎΡΡ‚ΡŒ точности ΠΏΡ€ΠΎΠ²ΠΎΠ΄ΠΈΠΌΠΎΠΉ ΠΎΡ†Π΅Π½ΠΊΠΈ ΠΈ Π½Π΅Π±ΠΎΠ»ΡŒΡˆΠΈΡ… Π·Π°Ρ‚Ρ€Π°Ρ‚ Π½Π° ΠΌΠΎΠ΄Π΅Π»ΠΈΡ€ΠΎΠ²Π°Π½ΠΈΠ΅

    Constraints on R-parity violating supersymmetry from leptonic and semileptonic tau, B_d and B_s decays

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    We put constraints on several products of R-parity violating lambda lambda' and lambda' lambda' type couplings from leptonic and semileptonic tau, B_d and B_s decays. Most of them are one to two orders of magnitude better than the existing bounds, and almost free from theoretical uncertainties. A significant improvement of these bounds can be made in high luminosity tau-charm or B factories.Comment: 14 pages, latex. A few references added, two typos corrected. Version to be published in Physical Review

    On Some rare weak decays of vector mesons

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    Some semileptonic weak decays of vector mesons are considered in the framework of the most popular quark models. The predicted branching ratios are unfortunately too small to make a study of these decays realistic at meson factories under construction.Comment: 14 pages, LaTeX. Some typos correcte

    Measuring the Photon Helicity in Radiative B Decays

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    We propose a way of measuring the photon polarization in radiative B decays into K resonance states decaying to K\pi\pi, which can test the Standard Model and probe new physics. The photon polarization is shown to be measured by the up-down asymmetry of the photon direction relative to the K\pi\pi decay plane in the K resonance rest frame. The integrated asymmetry in K_1(1400)\to K\pi\pi, calculated to be 0.34\pm 0.05 in the Standard Model, is measurable at currently operating B factories.Comment: 4 pages, final version to appear in Physical Review Letter

    Evidence for Factorization in Three-body B --> D(*) K- K0 Decays

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    Motivated by recent experimental results, we use a factorization approach to study the three-body B --> D(*) K- K0 decay modes. Two mechanisms are proposed for kaon pair production: current-produced (from vacuum) and transition (from B meson). The Bbar0 --> D(*)+ K- K0 decay is governed solely by the current-produced mechanism. As the kaon pair can be produced only by the vector current, the matrix element can be extracted from e+ e- --> K Kbar processes via isospin relations. The decay rates obtained this way are in good agreement with experiment. Both current-produced and transition processes contribute to B- --> D(*)0 K- K0 decays. By using QCD counting rules and the measured B- --> D(*)0 K- K0 decay rates, the measured decay spectra can be understood.Comment: 17 pages, 6 figure

    ВлияниС импортозамСщСния Π½Π° рост производства ΠΌΠΈΠ½Π΅Ρ€Π°Π»ΡŒΠ½Ρ‹Ρ… ΠΏΡ€ΠΎΠ΄ΡƒΠΊΡ‚ΠΎΠ² ΠΈ ΠΌΠ΅Ρ‚Π°Π»Π»ΡƒΡ€Π³ΠΈΠΈ: краткосрочноС ΠΈ долгосрочноС ΠΏΡ€ΠΎΠ³Π½ΠΎΠ·ΠΈΡ€ΠΎΠ²Π°Π½ΠΈΠ΅ Π±Π°Π·ΠΎΠ²Ρ‹Ρ… отраслСй Π½Π°Ρ†ΠΈΠΎΠ½Π°Π»ΡŒΠ½ΠΎΠ³ΠΎ хозяйства

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    The purpose of the study is to identify ways of short- and medium-term development of mineral production and metallurgy in the Russian Federation in the context of the policy of sanctions based on economic and mathematical modeling. The impact of sanctions on production in the basic sectors of the Russian economy, as well as the impact of import substitution on production in the short- and long-term is investigated. The research methodology includes panel regression with fixed effects and Bayesian vector autoregression (BVAR model). The sanctions index is calculated based on a sentimental analysis of the texts of news publications. This index is based on the results of computer analysis of a set of thematic texts (evaluation of the frequency of words and phrases, correlation analysis, case analysis based on the BERT neural network). The paper demonstrates the importance of an industry-specific approach to the implementation of import substitution policy in view of its time horizon. For example, for the mineral products industry, the current import substitution policy can be considered effective in terms of the production index forecast, and for the metallurgical industry, the import substitution policy needs to be revised, since a sharp decline is expected in the short-term when the baseline scenario is implemented, and in the long-term production stabilizes without showing growth. As a result, the efficiency of the import substitution policy is considered to be completely dependent on the industry in which it is implemented. Fund intensity and other factors affecting industry cycles must be considered in order to forecast policy results. Import substitution also has a long-term positive impact.ЦСль исслСдования Π·Π°ΠΊΠ»ΡŽΡ‡Π°Π΅Ρ‚ΡΡ Π² выявлСнии Π½Π° основС экономико-матСматичСского модСлирования ΠΏΡƒΡ‚Π΅ΠΉ краткосрочного ΠΈ срСднСсрочного развития ΠΌΠΈΠ½Π΅Ρ€Π°Π»ΡŒΠ½ΠΎΠ³ΠΎ производства ΠΈ ΠΌΠ΅Ρ‚Π°Π»Π»ΡƒΡ€Π³ΠΈΠΈ Π Π€ Π² условиях ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠΈ санкционного воздСйствия. Π˜ΡΡΠ»Π΅Π΄ΡƒΠ΅Ρ‚ΡΡ влияниС санкций Π½Π° производство Π² Π±Π°Π·ΠΎΠ²Ρ‹Ρ… отраслях экономики Π Π€, Π° Ρ‚Π°ΠΊΠΆΠ΅ импортозамСщСния Π½Π° производство Π² краткосрочном ΠΈ долгосрочном ΠΏΠ΅Ρ€ΠΈΠΎΠ΄Π°Ρ…. ΠœΠ΅Ρ‚ΠΎΠ΄ΠΎΠ»ΠΎΠ³ΠΈΡ исслСдования Π²ΠΊΠ»ΡŽΡ‡Π°Π΅Ρ‚ Π² сСбя ΠΏΠ°Π½Π΅Π»ΡŒΠ½ΡƒΡŽ Ρ€Π΅Π³Ρ€Π΅ΡΡΠΈΡŽ с фиксированными эффСктами ΠΈ Π±Π°ΠΉΠ΅ΡΠΎΠ²ΡΠΊΡƒΡŽ Π²Π΅ΠΊΡ‚ΠΎΡ€Π½ΡƒΡŽ Π°Π²Ρ‚ΠΎΡ€Π΅Π³Ρ€Π΅ΡΡΠΈΡŽ (BVAR модСль). Π‘Π°Π½ΠΊΡ†ΠΈΠΎΠ½Π½Ρ‹ΠΉ индСкс рассчитываСтся Π½Π° основС сСнтимСнт-Π°Π½Π°Π»ΠΈΠ·Π° тСкстов новостных ΠΏΡƒΠ±Π»ΠΈΠΊΠ°Ρ†ΠΈΠΉ. ΠŸΠΎΡΡ‚Ρ€ΠΎΠ΅Π½Π½Ρ‹ΠΉ индСкс основан Π½Π° Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Π°Ρ… ΠΊΠΎΠΌΠΏΡŒΡŽΡ‚Π΅Ρ€Π½ΠΎΠ³ΠΎ Π°Π½Π°Π»ΠΈΠ·Π° массива тСматичСских тСкстов (ΠΎΡ†Π΅Π½ΠΊΡƒ частотности слов ΠΈ словосочСтаний, Π°Π½Π°Π»ΠΈΠ· коррСляций, тСматичСский Π°Π½Π°Π»ΠΈΠ· Π½Π° основС Π½Π΅ΠΉΡ€ΠΎΠ½Π½ΠΎΠΉ сСти BERT). Π Π°Π±ΠΎΡ‚Π° дСмонстрируСт Π·Π½Π°Ρ‡ΠΈΠΌΠΎΡΡ‚ΡŒ ΠΈΠ½Π΄ΠΈΠ²ΠΈΠ΄ΡƒΠ°Π»ΡŒΠ½ΠΎΠ³ΠΎ отраслСвого ΠΏΠΎΠ΄Ρ…ΠΎΠ΄Π° ΠΊ ΠΏΡ€ΠΎΠ²Π΅Π΄Π΅Π½ΠΈΡŽ ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠΈ импортозамСщСния с ΡƒΡ‡Π΅Ρ‚ΠΎΠΌ Π΅Π΅ Π²Ρ€Π΅ΠΌΠ΅Π½Π½ΠΎΠ³ΠΎ Π³ΠΎΡ€ΠΈΠ·ΠΎΠ½Ρ‚Π°. Π’Π°ΠΊ, Π½Π°ΠΏΡ€ΠΈΠΌΠ΅Ρ€, для отрасли производства ΠΌΠΈΠ½Π΅Ρ€Π°Π»ΡŒΠ½Ρ‹Ρ… ΠΏΡ€ΠΎΠ΄ΡƒΠΊΡ‚ΠΎΠ² тСкущая ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠ° импортозамСщСния ΠΌΠΎΠΆΠ΅Ρ‚ ΡΡ‡ΠΈΡ‚Π°Ρ‚ΡŒΡΡ эффСктивной с Ρ‚ΠΎΡ‡ΠΊΠΈ зрСния ΠΏΡ€ΠΎΠ³Π½ΠΎΠ·Π° индСкса производства, Π° для мСталлургичСской отрасли ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠ° импортозамСщСния нуТдаСтся Π² пСрСсмотрС, ΠΏΠΎΡΠΊΠΎΠ»ΡŒΠΊΡƒ ΠΏΡ€ΠΈ Ρ€Π΅Π°Π»ΠΈΠ·Π°Ρ†ΠΈΠΈ Π±Π°Π·ΠΎΠ²ΠΎΠ³ΠΎ сцСнария Π½Π° краткосрочном ΠΏΠ΅Ρ€ΠΈΠΎΠ΄Π΅ оТидаСтся Ρ€Π΅Π·ΠΊΠΈΠΉ спад, Π° Π² долгосрочном производствС стабилизуСтся, Π½Π΅ показывая рост. Π’Π°ΠΊΠΈΠΌ ΠΎΠ±Ρ€Π°Π·ΠΎΠΌ утвСрТдаСтся, Ρ‡Ρ‚ΠΎ ΡΡ„Ρ„Π΅ΠΊΡ‚ΠΈΠ²Π½ΠΎΡΡ‚ΡŒ ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠΈ импортозамСщСния Π²ΠΎ ΠΌΠ½ΠΎΠ³ΠΎΠΌ зависит ΠΎΡ‚ отрасли, Π³Π΄Π΅ такая ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠ° проводится. НСобходимо ΡƒΡ‡ΠΈΡ‚Ρ‹Π²Π°Ρ‚ΡŒ Ρ„ΠΎΠ½Π΄ΠΎΠ΅ΠΌΠΊΠΎΡΡ‚ΡŒ ΠΈ Π΄Ρ€ΡƒΠ³ΠΈΠ΅ Ρ„Π°ΠΊΡ‚ΠΎΡ€Ρ‹, Π²Π»ΠΈΡΡŽΡ‰ΠΈΠ΅ Π½Π° Ρ†ΠΈΠΊΠ»ΠΈΡ‡Π½ΠΎΡΡ‚ΡŒ Π² отрасли, Ρ‡Ρ‚ΠΎ позволяСт ΠΏΡ€ΠΎΠ³Π½ΠΎΠ·ΠΈΡ€ΠΎΠ²Π°Ρ‚ΡŒ Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Ρ‹ ΠΏΡ€ΠΎΠ²ΠΎΠ΄ΠΈΠΌΠΎΠΉ ΠΏΠΎΠ»ΠΈΡ‚ΠΈΠΊΠΈ. Π’Π°ΠΊΠΆΠ΅ подтвСрТдаСтся ΠΏΠΎΠ»ΠΎΠΆΠΈΡ‚Π΅Π»ΡŒΠ½ΠΎΠ΅ влияниС импортозамСщСния Π² долгосрочном ΠΏΠ΅Ρ€ΠΈΠΎΠ΄Π΅

    Π’Π·Π°ΠΈΠΌΠΎΠ·Π°Π²ΠΈΡΠΈΠΌΠΎΡΡ‚ΡŒ ΠΏΡ€ΠΈΡ€ΠΎΠ΄ΠΎΠΎΡ…Ρ€Π°Π½Π½ΠΎΠΉ Π΄Π΅ΡΡ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ ΠΈ инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ: финансы российской ΠΌΠ΅Ρ‚Π°Π»Π»ΡƒΡ€Π³ΠΈΠΈ

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    All countries now share a long-term vision of the importance of implementing technology development and transfer to improve climate resilience and reduce greenhouse gas emissions. Metallurgical enterprises play a significant role in achieving this goal, since they produce a large amount of carbon dioxide emissions into the atmosphere. In connection with the changing operating conditions and changing markets of presence, the issues of ensuring their investment attractiveness are acquiring obvious importance in the framework of the finances of Russian metallurgical companies. The object of the study is an assessment of the investment attractiveness of Russian metallurgical companies. The subject of the study is the relationship between the investment attractiveness of metallurgical companies and the results of their environmental protection activities. The purpose of this study is to identify the interdependence of environmental metrics and the investment attractiveness of steel companies. The methodological basis is a regression analysis of the impact of environmental metrics on the investment attractiveness of metallurgical companies. The authors chose the following indicators of environmental performance: CO2 emissions, energy consumption, water recycling, waste. To assess the investment attractiveness of metallurgical companies, the following indicators were used: revenue, EBITDA, investment in R&amp;D. The authors concluded that the environmental activities of companies have a significant impact on their investment attractiveness. The scientific novelty of the study lies in identifying the interdependence of environmental protection activities and the investment attractiveness of Russian metallurgy companies. The results of the study can be used by both Russian steel companies and institutional investors as part of the development of an investment strategy.Π’ настоящСС врСмя всС страны Ρ€Π°Π·Π΄Π΅Π»ΡΡŽΡ‚ долгосрочноС Π²ΠΈΠ΄Π΅Π½ΠΈΠ΅ ваТности Ρ€Π΅Π°Π»ΠΈΠ·Π°Ρ†ΠΈΠΈ Ρ€Π°Π·Ρ€Π°Π±ΠΎΡ‚ΠΊΠΈ ΠΈ ΠΏΠ΅Ρ€Π΅Π΄Π°Ρ‡ΠΈ Ρ‚Π΅Ρ…Π½ΠΎΠ»ΠΎΠ³ΠΈΠΉ для ΠΏΠΎΠ²Ρ‹ΡˆΠ΅Π½ΠΈΡ устойчивости ΠΊ измСнСнию ΠΊΠ»ΠΈΠΌΠ°Ρ‚Π° ΠΈ сокращСния выбросов ΠΏΠ°Ρ€Π½ΠΈΠΊΠΎΠ²Ρ‹Ρ… Π³Π°Π·ΠΎΠ². Π—Π½Π°Ρ‡ΠΈΡ‚Π΅Π»ΡŒΠ½ΡƒΡŽ Ρ€ΠΎΠ»ΡŒ Π² достиТСнии этой Ρ†Π΅Π»ΠΈ ΠΈΠ³Ρ€Π°ΡŽΡ‚ прСдприятия мСталлургичСской отрасли, ΠΏΠΎΡΠΊΠΎΠ»ΡŒΠΊΡƒ ΠΎΠ½ΠΈ ΡΠ²Π»ΡΡŽΡ‚ΡΡ производитСлями большого количСства выбросов углСкислого Π³Π°Π·Π° Π² атмосфСру. Π’ связи с ΠΌΠ΅Π½ΡΡŽΡ‰ΠΈΠΌΠΈΡΡ условиями функционирования ΠΈ смСной Ρ€Ρ‹Π½ΠΊΠΎΠ² присутствия ΠΎΡ‡Π΅Π²ΠΈΠ΄Π½ΡƒΡŽ Π²Π°ΠΆΠ½ΠΎΡΡ‚ΡŒ Π² Ρ€Π°ΠΌΠΊΠ°Ρ… финансов российских мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ ΠΏΡ€ΠΈΠΎΠ±Ρ€Π΅Ρ‚Π°ΡŽΡ‚ вопросы обСспСчСния ΠΈΡ… инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ. ΠžΠ±ΡŠΠ΅ΠΊΡ‚ΠΎΠΌ исслСдования являСтся ΠΎΡ†Π΅Π½ΠΊΠ° инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ российских мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ. ΠŸΡ€Π΅Π΄ΠΌΠ΅Ρ‚ изучСния β€” связь ΠΌΠ΅ΠΆΠ΄Ρƒ инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΡŒΡŽ мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ ΠΈ Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Π°ΠΌΠΈ ΠΏΡ€ΠΎΠ²ΠΎΠ΄ΠΈΠΌΠΎΠΉ ΠΈΠΌΠΈ ΠΏΡ€ΠΈΡ€ΠΎΠ΄ΠΎΠΎΡ…Ρ€Π°Π½Π½ΠΎΠΉ Π΄Π΅ΡΡ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ. ЦСлью Π΄Π°Π½Π½ΠΎΠ³ΠΎ исслСдования являСтся выявлСниС взаимозависимости экологичСских ΠΌΠ΅Ρ‚Ρ€ΠΈΠΊ ΠΈ инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ. ΠœΠ΅Ρ‚ΠΎΠ΄ΠΎΠ»ΠΎΠ³ΠΈΡ‡Π΅ΡΠΊΡƒΡŽ основу составляСт рСгрСссионный Π°Π½Π°Π»ΠΈΠ· влияния экологичСских ΠΌΠ΅Ρ‚Ρ€ΠΈΠΊ Π½Π° ΠΈΠ½Π²Π΅ΡΡ‚ΠΈΡ†ΠΈΠΎΠ½Π½ΡƒΡŽ ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΡŒ мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ. Авторы Π²Ρ‹Π±Ρ€Π°Π»ΠΈ ΡΠ»Π΅Π΄ΡƒΡŽΡ‰ΠΈΠ΅ ΠΏΠΎΠΊΠ°Π·Π°Ρ‚Π΅Π»ΠΈ экологичСской Π΄Π΅ΡΡ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ: выбросы CO2 , ΠΏΠΎΡ‚Ρ€Π΅Π±Π»Π΅Π½ΠΈΠ΅ энСргии, Π²Ρ‚ΠΎΡ€ΠΈΡ‡Π½ΠΎΠ΅ использованиС Π²ΠΎΠ΄Ρ‹, ΠΎΡ‚Ρ…ΠΎΠ΄Ρ‹. Для ΠΎΡ†Π΅Π½ΠΊΠΈ инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ мСталлургичСских ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ использовались ΡΠ»Π΅Π΄ΡƒΡŽΡ‰ΠΈΠ΅ ΠΏΠΎΠΊΠ°Π·Π°Ρ‚Π΅Π»ΠΈ: Π²Ρ‹Ρ€ΡƒΡ‡ΠΊΠ°, EBITDA, инвСстиции Π² НИОКР. Авторами сдСлан Π²Ρ‹Π²ΠΎΠ΄ ΠΎ сущСствСнном влиянии экологичСской Π΄Π΅ΡΡ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ Π½Π° ΠΈΡ… ΠΈΠ½Π²Π΅ΡΡ‚ΠΈΡ†ΠΈΠΎΠ½Π½ΡƒΡŽ ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΡŒ. Научная Π½ΠΎΠ²ΠΈΠ·Π½Π° исслСдования Π·Π°ΠΊΠ»ΡŽΡ‡Π°Π΅Ρ‚ΡΡ Π² выявлСнии взаимозависимости ΠΏΡ€ΠΈΡ€ΠΎΠ΄ΠΎΠΎΡ…Ρ€Π°Π½Π½ΠΎΠΉ Π΄Π΅ΡΡ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ ΠΈ инвСстиционной ΠΏΡ€ΠΈΠ²Π»Π΅ΠΊΠ°Ρ‚Π΅Π»ΡŒΠ½ΠΎΡΡ‚ΠΈ ΠΊΠΎΠΌΠΏΠ°Π½ΠΈΠΉ российской ΠΌΠ΅Ρ‚Π°Π»Π»ΡƒΡ€Π³ΠΈΠΈ, Ρ€Π΅Π·ΡƒΠ»ΡŒΡ‚Π°Ρ‚Ρ‹ исслСдования ΠΌΠΎΠ³ΡƒΡ‚ Π±Ρ‹Ρ‚ΡŒ ΠΈΡΠΏΠΎΠ»ΡŒΠ·ΠΎΠ²Π°Π½Ρ‹ ΠΊΠ°ΠΊ российскими мСталлургичСскими компаниями, Ρ‚Π°ΠΊ ΠΈ ΠΈΠ½ΡΡ‚ΠΈΡ‚ΡƒΡ†ΠΈΠΎΠ½Π°Π»ΡŒΠ½Ρ‹ΠΌΠΈ инвСсторами Π² Ρ€Π°ΠΌΠΊΠ°Ρ… Ρ€Π°Π·Ρ€Π°Π±ΠΎΡ‚ΠΊΠΈ инвСстиционной стратСгии
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