The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy
Introduction. The article shows the importance of the factor of institutional differences in the development of the Russian economy, in particular — the steel markets.Methods. In this article, we proposed some institutional criteria to determine the institutional differences, by which we selected th...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2019-12-01
|
| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/245 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850026592381698048 |
|---|---|
| author | A. A. Blokhin S. Y. Dranev |
| author_facet | A. A. Blokhin S. Y. Dranev |
| author_sort | A. A. Blokhin |
| collection | DOAJ |
| description | Introduction. The article shows the importance of the factor of institutional differences in the development of the Russian economy, in particular — the steel markets.Methods. In this article, we proposed some institutional criteria to determine the institutional differences, by which we selected three samples — the largest, large, medium-sized ferrous metallurgy companies with a foundry technological redistribution for a higher degree of comparability. Initially, we determined a sample of companies on the basis of annual revenue. Further, we examined all three samples of companies in terms of economic criteria for the last ten reporting years — from 2008 to 2017. We selected the main directions of the considered criteria for comparing groups of enterprises: ratings, market coverage, level of state support, access to financing.Results. The study was able to determine that each of the samples has its own characteristics of development and performance indicators. At the same time, a comparison of the dynamics of economic indicators in the three institutionally different groups shows that the first sector significantly exceeds the second and third in terms of both volume indicators and the dynamics of their growth. The differences between the second and third sectors are less pronounced, but also in favour of the second. In general, groups of companies, separated by institutional characteristics, demonstrate marked differences in the dynamics of economic parameters. A comparative analysis of the technological level, despite the lack of detailed studies, showed that the selected groups of companies differ significantly in terms of access to new and high technologies, and the level of interaction with universities.Discussion. The approach described in the article allows predicting the development of markets and industries, taking into account the selected institutional and economic features. Also, besides the distinction according to the institutional characteristics of a group of companies in terms of economic parameters, further studies of their technological level are required. |
| format | Article |
| id | doaj-art-e01606b05ee0457298608d2e860f556e |
| institution | DOAJ |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2019-12-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-e01606b05ee0457298608d2e860f556e2025-08-20T03:00:30ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722019-12-01131364710.26794/2220-6469-2019-13-1-36-47235The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgyA. A. Blokhin0S. Y. Dranev1Institute of Economic Forecasting of RAS; Financial UniversityInstitute of Economic Forecasting of RASIntroduction. The article shows the importance of the factor of institutional differences in the development of the Russian economy, in particular — the steel markets.Methods. In this article, we proposed some institutional criteria to determine the institutional differences, by which we selected three samples — the largest, large, medium-sized ferrous metallurgy companies with a foundry technological redistribution for a higher degree of comparability. Initially, we determined a sample of companies on the basis of annual revenue. Further, we examined all three samples of companies in terms of economic criteria for the last ten reporting years — from 2008 to 2017. We selected the main directions of the considered criteria for comparing groups of enterprises: ratings, market coverage, level of state support, access to financing.Results. The study was able to determine that each of the samples has its own characteristics of development and performance indicators. At the same time, a comparison of the dynamics of economic indicators in the three institutionally different groups shows that the first sector significantly exceeds the second and third in terms of both volume indicators and the dynamics of their growth. The differences between the second and third sectors are less pronounced, but also in favour of the second. In general, groups of companies, separated by institutional characteristics, demonstrate marked differences in the dynamics of economic parameters. A comparative analysis of the technological level, despite the lack of detailed studies, showed that the selected groups of companies differ significantly in terms of access to new and high technologies, and the level of interaction with universities.Discussion. The approach described in the article allows predicting the development of markets and industries, taking into account the selected institutional and economic features. Also, besides the distinction according to the institutional characteristics of a group of companies in terms of economic parameters, further studies of their technological level are required.https://wne.fa.ru/jour/article/view/245institutional characteristicsinstitutional criteriainstitutional featuresinstitutional differencesinstitutional rentinstitutional groupsferrous metallurgy enterpriseslargest metallurgical enterprises |
| spellingShingle | A. A. Blokhin S. Y. Dranev The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy Мир новой экономики institutional characteristics institutional criteria institutional features institutional differences institutional rent institutional groups ferrous metallurgy enterprises largest metallurgical enterprises |
| title | The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| title_full | The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| title_fullStr | The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| title_full_unstemmed | The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| title_short | The differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| title_sort | differences of the institutional environment of the activities of firms of varying size on the example of ferrous metallurgy |
| topic | institutional characteristics institutional criteria institutional features institutional differences institutional rent institutional groups ferrous metallurgy enterprises largest metallurgical enterprises |
| url | https://wne.fa.ru/jour/article/view/245 |
| work_keys_str_mv | AT aablokhin thedifferencesoftheinstitutionalenvironmentoftheactivitiesoffirmsofvaryingsizeontheexampleofferrousmetallurgy AT sydranev thedifferencesoftheinstitutionalenvironmentoftheactivitiesoffirmsofvaryingsizeontheexampleofferrousmetallurgy AT aablokhin differencesoftheinstitutionalenvironmentoftheactivitiesoffirmsofvaryingsizeontheexampleofferrousmetallurgy AT sydranev differencesoftheinstitutionalenvironmentoftheactivitiesoffirmsofvaryingsizeontheexampleofferrousmetallurgy |