Development of methodological approach to enterprise’s financial strategy based on comprehensive evaluation of its strategic potential

The article presents research results of theoretical and methodological basis of financial strategy formation and mechanisms for implementation of Russian industrial enterprises to ensure their strategic development. The necessity of developing the industrial enterprise’s financial strategy based on comprehensive evaluation of its strategic potential. The authors propose a methodological approach to developing a financial strategy based on the analysis of the enterprise’s strategic potential by calculating the integrated index (SPt), which allows not only to analyze and evaluate the influence of factors internal and external environment, financial position and internal capacity of the enterprise, its strategic capabilities and competitiveness, but also to determine the best type of financial strategy. The results of the analysis showed that depending on the value of this indicator identifies five basic levels of strategic potential development (absolute, high, stable, unstable and critical levels) and the most appropriate types of financial strategies: aggressive or accelerated growth, moderate growth, conservative or defensive, crisis or financial stabilization strategy, survival or elimination. Under the proposed methodological approach, the method of comprehensive evaluation of the industrial enterprise’s strategic potential, outlining the priority areas for the implementation of the financial strategy.peer-reviewe

FINANCIAL PROVISION OF THE REGION INFRASTRUCTURE DEVELOPMENT: RESTRICTIONS AND RISKS

Infrastructure is a key factor in the development and maintenance of long-term economic growth, both in countries and regions. Analysis of regulatory and legal support for the development of the infrastructure investment market shows that the Russian Federation has not so far created a unified system for regulating longterm investment in infrastructure facilities, while foreign experience indicates the possibility of its construction in modern conditions. The main trends in the formation and development of the market for long-term investment in Russia are identified, and its constraints are revealed. The authors consider the restrictions and risks of financial support for the development of the region’s infrastructure, related both to demand and supply. The financing of infrastructure projects has a complex and diverse risk profile due to uniqueness, technical complexity and low liquidity of the created assets, which leads to constant adjustments and changes during design and construction, and requires adaptive management of the financial infrastructure support process. The above restrictions on investment in infrastructure are not difficult to overcome, but a range of measures is necessary for this: careful assessment of investment risk reduction instruments, knowledge of regional practices, involvement of reliable counterparts in the implementation of infrastructure projects, state protection, as well as maintenance of a favorable macroeconomic, legal and investment climate, both in the region and in the country as a whole. Taking into account the special status of financing long-term infrastructure projects, a system of incentives and measures is proposed that would, on the one hand, specifically stimulate and protect investment in infrastructure, and on the other hand, create a common quality investment environment for the preparation and implementation of infrastructure projects