European Research Studies

European Research Studies publishes articles on the economic and financial sectors in Europe.

Articles from Vol. 20, No. 1, January

Analysis of Moral-and-Ethic Business in Russia
1. Significance of social responsibility in business activities Corporate social responsibility is a process of making decision taking into account social and environmental consequences of business activities which are based on the respect to employees,...
Comparative Legal Analysis of Mediation in Russia and the EU
Introduction Mediation--a procedure in which an impartial third party helps to understand and resolve the conflict of interest that has risen in between the other two opposing parties. The advantage of this method of dispute resolution is that the...
Contractual Forms of Agreement between the Bodies of the Executive
Introduction The governance system that is adequate to modern social realities dictates the need to review traditional views about the extremely powerful and imperative specifics of managerial actions in favor of recognizing the admissibility of...
Difficulties and Perspectives of Incorporating Russian Economy into the European Economy and Centripetal Tendencies in the EU
1. Introduction Modern economic realia in the RF, characterized largely by political context and complexities in interrelations between Russia and the EU, sanction pressure in the national economy, efforts to narrow down the circle of national economic...
Economic Cooperation of Russia and Greece during the Sanction Restrictions Period and the Policies to Strengthen the Integration Process
1. Introduction The economic cooperation between Russia and the European Union Member States is characterized not only by a close interdependence due to their history and geographical proximity, but also by the opposition of their international...
Economic Crime and Problem of Complicity Understanding
1. Introduction The high unemployment rate leading to lack of constant earnings, unsatisfactory material security entail irreversible social and psychological consequences, which promote further significant growth of economic crime, and can act...
Electronic Currency: The Potential Risks to National Security and Methods to Minimize Them
Introduction Due to the rapid developments in spheres of financial innovation and information technologies, world space is being transformed into a global business system (Akopova and Przhedetskaya, 2016; Boldeanu and Tache, 2015; Dmitrishina and...
Ensuring Financial Stability of Companies on the Basis of International Experience in Construction of Risks Maps, Internal Control and Audit
JEL Classification Codes: G10, G32, M1, M4. 1. Introduction Currently in terms of economic recession short-term priorities in financial activity of companies prevail over the long-term. The research of the Southern Federal District companies...
Experience of Greece on Recapitalization of Banks, Marketing Management and Personnel Retraining in Conditions of Economic Recession
JEL Classification Codes: GOO, G01, G21, HI2, H60, M31. 1. Introduction In the globalizing financial economy the imbalances reflecting peculiarities, limitations and structural weaknesses in development of banking services markets and financial...
Features of Social and Economic Transformations in the Globalization Era
JEL Classification Codes: F60, F63, 035, 044 1. Introduction The notion of transformation (from Latin) means conversion, modification. One should take into account that transformation can introduce both rather positive and negative, crisis features...
Financial Instruments of the Socially Responsible Economy
JEL Classification Codes: E 60, E 69, H 53,138 1. Introduction An important role in ensuring the social and political stability in the society is taken by the integral concept of the social policy aimed at strengthening the democratic character...
Green Logistics in Russia: The Phenomenon of Progress, Economic and Environmental Security
1. Introduction Following the desire to use the environment wisely and effectively, so as to ensure the stability of consumption for future generations, it is currently necessary to create all the conditions for its preservation and protection....
Increasing of Cost Efficiency as a Trend of Public Law Entities' Activity Intensification in a Public Administration Sector
JEL Classification Codes: Hl 1, H40, H50 1. Introduction More than fifteen years issues of budget costs' efficiency and its increasing have been put on agenda in Russia. Accepting the Concept of budget process reform by Russian Government in...
Instruments of Investment Attraction in Order to Fulfill the Structural Priorities of Sustainable Regional Development (Study Based on the Rostov Region)
JEL Classification Codes: R50, R53, R58. 1. Introduction In order for Rostov region to ensure it competitiveness and sustainable levels of growth, it requires a transition to a new economic model that complies with criteria used in most developed...
Instruments of Marketing and Credit Support of the Large Industrial Enterprises Development: International Experience
JEL Classification Codes: GOO, G20, G28, G38, LI, M3. 1. Introduction Modern development of Russian economy is characterized by unstable and risk-related character, shaping process of institutional transformation in new historical, geopolitical,...
Marketing and Logistic Instrumentarium of Activation of Inter-Country Cooperation of Russia and Solving the Issue of Import Substitution
1. Introduction In the modern global economy, trade and economic cooperation is a basis for provision of demands of consumers and formation of competitive positions in external markets. Apart from these problems, there is a problem of self-provision...
Marketing Aspects of Russia-The European Union Cooperation in the Field of Education
JEL Classification Codes: F19, F36, F59, F69 1. Introduction Under forming the innovative economy the sphere of education gains a significant meaning being a locomotive of the social and economic development. Gradual unification and formation...
Marketing Mechanisms for the Development of Transport Infrastructure of Russia and the EU
JEL Classification Codes: F18, F36, F55, F69 1. Introduction In XXI century despite the post-industrialization trend and increasing role of the service sector in modern economies, the real economic sector is still satisfying the most part of...
Methodology of Building Up the Accounting and Analytical Management Support for Organizations in Russia
JEL Classification Codes: M10, M40, M41, M42 1. Introduction For effective development of entrepreneurship in Russia, it is vital to have a system of accounting and analytical support, adequate to the existing market relations and allowing making...
New Approaches to Modernization of Spatial and Sectorial Development of Russian and Greek Regional Economy
JEL Classification Codes: O1, R11. 1. Introduction At the beginning of the 21st century, highly integrated global economy faced new challenges of economic globalization. One of them is emergence of global crises, which, on the one hand, having...
New Scenarios of Joint Crises Fighting in Socio-Economic Sphere of Russia and Greece
JEL Classification Codes: H12, F02. 1. Introduction At the beginning of the 21st century, the global economy faced a new global problem - unsustainable development caused by emergence of socio-economic crises. This shattered the positions of...
Organizational and Financial Modeling of Transnational Industrial Clusters Sustainable Development: Experience, Risks, Management Innovation
JEL Classification Codes: G30, G32, O16, O25, C45 1. Introduction The purpose of this research is identification of valid methodology of the organizational and financial modeling of management systems of industrial clusters sustainable development,...
Providing the Budget Transparency and State Projects Efficiency Monitoring in Russia
JEL Classification Codes: H11, H40, H50 1. Introduction Switching to the programme based budget development in Russia causes extra requirements to the budget framework sustainability towards covering costs with funds and transparent allocation...
Research and Development Intensity in Business: Russia and EU
JEL Classification Codes: F60, F63, 035, 044 Introduction The strategy of European development till the year of 2020 determines research and development as the key objective of country's development, with the key indicator of efficiency set to...
Scientific Innovation and Its Representation in Discourse
1. Introduction In the process of expanded reproduction the latest scientific knowledge becomes an important development resource of modern society innovation (novation) is understood as actualized result and efficient complex process of scientific...
Social and Economic Diagnostics of Foreign Economic Activity of the Rostov Region
JEL Classification Codes: F40, F21, F23 1. Introduction Currently meso economy is an integrant structural component in the framework of the efficient economic development of the state and its successful representation in the system interregional...
The Basic Principles of the European State and Dynamics of the Political and Legal Development within the Russian Federation
JEL Classification Codes: K00, O10, O52 Introduction The process of modern development of Russia as a democratic, legal and social state is associated with a number of yet unsolved problems. This is a very long and rather complicated path that...
The Development of Cluster Relations within the State and Business Structures in Terms of Strategy of Non-Primary Sector Import-Substitution
JEL Classification Codes: F60, F63, O35, O44 1. Introduction The adopted policy of overcoming the problem of resource dependence and the modernization of the Russian economy and its regions, it is necessary to formulate mechanisms of development...
The Evolution of E-Money
Introduction This paper analyzes the concept of electronic money in the context of the evolutionary theory of the origin of money and put forward the hypothesis that the emergence of cryptocurrency was the next step in the evolution of money, which...
The Impact of European Law on the Development of Legal System of Russia
Introduction The European Union and the Russian Federation are geographical neighbors and prior trading partners for each other, demonstrating the expediency of the development of more compatible regulations and standards by Russia that is currently...
The Influence of Financial and Industrial Policy on Harmonization of European and Asian Integration Processes
JEL Classification Codes: E42, E52, F00, G38. 1. Introduction The aim of this study is to determine the characteristics of financial and industrial policies implemented in context of Western sanctions, as well as existing demographic, infrastructural,...
Theoretical Basis for Composition of Economic Strategy for Industry Development
1. Introduction Machine-manufacturing industry, just like other sectors of the Russian economy, is in a situation of permanent influence of long-term systemic challenges that determine not only the global trends, but also internal destabilizing...
The Problem of Individualization of Legal Entities in Terms of Innovative Development of the Russian Federation and the European Union Economy
JEL Classification Codes: O31, O34, M13, M21 Introduction Building an innovative economy as one of the strategic objectives of national development brings together most of the countries in the modern world, including the Russian Federation (RF)...
The Regional Cluster Initiatives
1. Introduction The actualization of modern tools and economy forms at the regional markets of the Russian Federation should be based on the usage of integrative management forms, which include internal and external development factors of a region;...
The Role of Human Factors in the Bank Capital Evaluation Framework
JEL Classification Codes: F60, F63, 035, 044 1. Introduction Bank capital is defined in economic dictionary as a complex of monetary capitals raised in banks for applying in payments and other transactions i.e. bank funds. According to Raizberg...
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