IMPACT OF CORPORATE FACTORS ON MARKET CAPITALIZATION PROCESSES IN RUSSIAN COMPANIES
( Pp. 54-62)
More about authors
Viktor D. Orekhov
International Institute of Management LINK
Zhukovsky, Russian Federation Shinkareva Olga V. kandidat ekonomicheskih nauk, zaveduyuschaya kafedroy «Finansy i kredit»
Russian State Social University Panfilova Elena A. Cand. Sci (Econ), Associate Professor
Rostov State University of Economics (RINH)
Rostov-on-Don, Russian Federation
International Institute of Management LINK
Zhukovsky, Russian Federation Shinkareva Olga V. kandidat ekonomicheskih nauk, zaveduyuschaya kafedroy «Finansy i kredit»
Russian State Social University Panfilova Elena A. Cand. Sci (Econ), Associate Professor
Rostov State University of Economics (RINH)
Rostov-on-Don, Russian Federation
Abstract:
Market capitalization of companies is an important indicator of whether the financial system and the economy of a country show sustainable development. Market capitalization processes depend on both internal factors related to a company value management and corporate management elements including ESG (environmental, social, governance) factors related to a business model adopted by the company, interaction between the company’s external stakeholders and its shareholders as well as information transparency of companies. Russian corporate stocks are underestimated in the international financial markets not only due to political sanctions but also due to some aspects of national accounting system as to the equity capital and corporate earnings, dynamics of the corporate sector development as well as specific thematic corporate indicators of sustainability and transparency of Russian companies; and all these require adjusting corporate mechanisms promoting domestic business structures should these mechanisms be used as an effective tool for managing corporate market value.
How to Cite:
Viktor D.O., Shinkareva O.V., Panfilova E.A., (2019), IMPACT OF CORPORATE FACTORS ON MARKET CAPITALIZATION PROCESSES IN RUSSIAN COMPANIES. Economic Problems and Legal Practice, 4 => 54-62.
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U Sberbanka nabezhali protsenty po brendu. Kommersant. №18, 2018. Elektronnyy resurs . - Rezhim dostupa: https://www.kommersant.ru/doc/3535290 (data obrashcheniya 28.07. 2019)
Prichina, O.S., Orekhov, V.D., Evdokimova, Y.V. Kukharenko, O.G. Kovshova M.V. Evolution of Key Factors and Growth Potential of Human Capital. International Journal of Innovative Technology and Exploring Engineering (IJITEE), Vol.-8 Issue-7, 2019.
Prichina O.S., Orekhov V.D., SHCHennikova E.S. Upravlenie personalom i innovatsiyami na osnove ispol zovaniya obrazovatel nykh tekhnologiy. - M., YUr-VAK. Problemy ekonomiki i yuridicheskoy praktiki. - № 2, 2017. - S. 77 - 81.
Malova, T.A. Kapitalizatsiya v usloviyakh strukturnykh osobennostey rossiyskoy ekonomiki (kontseptual nyy podkhod) // Audit i finansovyy analiz. 2007. - № 5. - S. 287 - 291.
Durmanov, S. YU. Sovershenstvovanie struktury kapitala korporatsii kak uslovie rosta ee kapitalizatsii: na primere energeticheskogo sektora: dis. k.e.n.: 08.00.10. M., 2010. - 154 s.
CHernikova, L.I. Metodologiya issledovaniya sovremennykh transformatsiy kapitala: finansovyy aspekt. avtoref. diss..d.e.n.: 08.00.10. - M. 2010. - 35 s.
Dedkova, M.V. Ontologicheskoe issledovanie teorii kapitalizatsii // Vestnik Samarskogo gosudarstven. ekonomich. univer-ta. 2007. - № 7 (33).
KHotinskaya, G.I. Kapitalizatsiya kak faktor ukrepleniya finansovoy ustoychivosti kompanii // Finansovyy menedzhment. - 2006. - № 4. - S. 26 - 30.
CHernyshev, S. B. Rossiya suverennaya: kak zarabotat vmeste so stranoy. - M. - 2007. - 304 s.
Moyer, R.S., McGuigan R. J, Rao P. R. (2017) Contemporary Financial Management. Boston. 960 r.
Kuvshinov, D. Zimmermann, K. (2018) The Big Bang: Stock Market Capitalization in the Long Run // Working Papers from European Economics Society, No 136.
Lennhoff D.(2013)Direct Capitalization: It Might Be Simple But It Isn t That Easy //The Valuation Journal, vol. 8, issue 1, 42-59
Tselykh L.A., Panfilova E.A., Prichina O.S., Karasheva A.G., Karanashev A.K.(2015) Methods of fuzzy set theory in the purpose of expansion of the value chains based on the main factors of corporate culture //Mediterranean Journal of Social Sciences. T. 6. № 5 S3. S. 249-258.
Indeks korporativnoy prozrachnosti. Elektronnyy resurs . - Rezhim dostupa: http://transparency2017.downstream.ru (data obrashcheniya 28.07. 2019)
