Innovative Activity of Financial and Industrial Groups

The creation of financial-industrial groups (FIG) is one of the most promising ways of overcoming the investment crisis in the country. FIG-like structure which can combine financial and industrial capital is established in order to ensure efficient (due to more efficient administration of financial resources) and accelerated development of science and industrial production. This is achieved by diversification into new industrial products and services to guarantee higher and sustainable profit. FIG acts as a tool for comprehensive and cost-effective capacity utilization of enterprises that have not received sufficient orders for the state needs, and targeted financial support. In modern Russia the urgency is the problem of creating in the economy competitive organizational structures. Financial-industrial groups are to become a key link in the institutional framework of the reformed economy, increase its competitiveness in both the global and domestic markets, to become promoters of the structural adjustment of the economy. The process of creation FIG requires significant assistance from the state. This poses the following challenges for public authorities: to remove all artificial obstacles to the unification of capital, to develop measures for the operational support of the process, to ensure its uniform distribution in various fields. Keywords: financial-industrial groups, innovation, enterprise economy, innovative activity JEL Classifications: G23, O14, O2

Energy Enterprise Risks Analysis Using Fuzzy Logic Methods

In Russia's contemporary conditions, enterprises fail to make the full use of the state-of-the-art financial risks management toolkit. Both diagnosing methods and criterial norms within the mechanism of managing the energy enterprises are not adapted to the current crisis conditions of economic management, which renders it essential to develop the financial management tools that will take into account the industry-related specific nature and anti-crisis constituent of the organizations. In the work, the opportunity of applying the fuzzy logic method for analyzing the financial risks of energy enterprises in Russia is explored. For this purpose, the analysis and assessment of financial situation have been performed for a modeled energy enterprise and bankruptcy risk of the enterprise has been analyzed using the fuzzy logic method. It is demonstrated that the process of managing financial risks at the enterprise using the fuzzy sets approach is relevant in the contemporary conditions of energy enterprises functioning in Russia. There has been found the problem of having to improve the integrated risk management of energy enterprises. Keywords: Energy enterprise; risk management; financial risks; bankruptcy risk; business activity indicator; concept of economic value added (EVA); fuzzy logic methods JEL Classifications: O13, P28, P48 DOI: https://doi.org/10.32479/ijeep.795

Electronic structure and x-ray magnetic circular dichroism in uranium monochalcogenides

The electronic structure and x-ray magnetic circular dichroism (XMCD) spectra of US, USe, and UTe are investigated theoretically from first principles, using the fully relativistic Dirac LMTO band structure method. The electronic structure is obtained with the local spin-density approximation (LSDA), as well as with a generalization of the LSDA+U method which takes into account that in the presence of spin–orbit coupling the occupation matrix of localized electrons becomes non-diagonal in spin indexes. The origin of the XMCD spectra in the compounds is examined