Innovative and research activities within universities are increasingly linked with regional socio-economic conditions and innovative capacities of local business. In less innovative Russian regions, though, prospects for mid-range universities might be limited due to poor research quality and the lack of mutual trust between Academia and industry. In this paper university-level data are analysed in relation to regional innovative development. Despite gross heterogeneity within the sample, the findings suggest that research and commercialization propensities are likely to be shaped by the type of university, its proactive approach and internal structure rather than regional settings. Mid-range universities might consider less formal ways to contribute to regional innovation systems, which is more in line with ‘engaged’ rather than ‘entrepreneurial’ university approach.
Perception of higher educational institutions (HEIs) as engines for regional growth has preoccupied the minds of scholars and policymakers for a considerable timespan already, while the “Triple helix” model has marked the departure from an “ivory tower” university to a proactive entrepreneurial entity. Taking cue from the international trend umpteen political initiatives in Russia have emphasized government support aimed at augmenting “innovativeness” of universities and local industry. Moreover, imposed publication and R&D intensity requirements, higher salaries demanded by academic staff as well as student mobility have deemed purely teaching functions increasingly unsustainable. This poses a challenge for HEIs, especially in less innovative regions where the divergence between Academia and industry is quite pronounced and opportunities for technology transfer are limited due to relatively weak entrepreneurial milieux.
This research attempts to determine to what extent regional socio-economic conditions and absorptive capacity of local budiness modify innovation potential of mid-range HEIs and how the latter can contribute to regional and local innovation systems in less innovative Russian regions. The rest of this paper is structured as follows. The first section offers a regionalized perspective on HEIs’ entrepreneurial activities and links HEIs’ research performance to the overall level of innovative activity within the home region. In the following section methodology and data employed in the research are presented. The next section presents quantitative data analysis of Russian HEIs and discusses major findings. The penultimate part highlights the implications of the study and suggests solutions for mid-range HEIs, and the last part concludes.
The paper demonstrated that the localization of production includes three stages. The analysis showed that a national economy should try to reach the third stage because it allows to set up this country's own value chain and to lauch a final product of the global market
The article is devoted to the problem of the company specific risk. The main methods of risk assessment, the questions of specific and systematic risks definitions are considered in the article. The results of contemporary publications on the topic of specific risk reviewing are summarized in the article.
The present paper outlines the need for an algorithm of management of relations between banks and debtors who do not fulfill their credit obligations. Inability to pay in time is proposed as a formal criterion of potential risk of insolvency. A classification of debtors based on their solvency and good will is proposed. Different models of relation management for each group of debtors are given. A classification of bank strategies is proposed. Unlawful strategies are described
The article discusses the use of price discrimination in the primary market of apartments. First, we discuss various techniques of price discrimination, which the building company can apply in the sale of apartments to increase revenue (discrimination based on observable characteristics or discrimination through self-selection). Then we propose a practical method to assess the possibility of using various methods of price discrimination on the basis of a survey of actual buyers of apartments in the primary market. In conclusion, discusses the results of the test of empirical verification of this method and further research directions.
In the contemporary circumstances the company needs the system of indicators that will help to understand and to predict the process of the risks development: how the risks emerge, how the threats for the company arise, how much the risks menace the company. The methods and approaches considered reports the special value for the risks analysis. In this research financial contagion indicators assessment methods are analysed. Such indicators were proposed and tested in the related studies [2–5].
The present paper contains a description of the phenomenon of virtual consumer cooperative as specific networking form of organization of customers. Different forms of these cooperative are described. Risks of participation in these cooperatives are analyzed
The goal of the present paper is to establish stages of evolution of approaches towards the understanding of nature of the economic entity. Importance of this analysis is based on the fact that both the understanding of this entity and terminology used to describe it have many contradictions. I propose and demonstrate the hypothesis that this evolution includes three stages (the first of them includes a separate substage). It is demonstrated that the economic entity represents now a more large notion than the firm, being rather an operator of non-market commercial transactions. The term “metafirm” is proposed to describe this operator. An example of metafirm is given, differences between the metafirm and the firm and the hybrid are described
The article is devoted to the relevance of the development of legal mechanism for the protection of private deposits in the banking system, dictated by the need to strengthen measures to support confidence of depositors in the banking sector of the economy. The current unfavorable reality requires to apply a wide range of improvements to maintain the financial stability of the economy as a whole. The key role here is played by the development of Deposit insurance system, including increasing insurance coverage, strengthening financing mechanisms. The existence of a developed system for the protection of people's savings is increasingly recognised worldwide as an essential element of an effective system of ensuring financial security and stability of the state. The state to provide reliable protection of deposits and accounts of private (natural) persons is a necessary condition to maintain citizens' trust in banks, which posted them money, since deposits are the most important factor in increasing the stability of the Russian banking system. The development of the Deposit insurance system is of particular relevance in the current unstable economic situation. The joint efforts of all stakeholders were needed to mitigate the negative trends in the macroeconomic conditions and the timely enforcement of regulatory base in accordance with the requirements of the market economy and subject to the laws of the free market will contribute to the strengthening and effectiveness of the entire financial system.