THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY
In this paper we propose to look at the «capital» category from the standpoint of the changes that have affected the evolution of the role of capital in production. It implies the emerging shift from an industrial to a financial economy, the decline of critical importance of level of capital intensi...
| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Novosibirsk State University Press
2017-03-01
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| Series: | Mir Èkonomiki i Upravleniâ |
| Subjects: | |
| Online Access: | https://nsu.ru/ef/vestnik_ngu_ef/2017_1_10 |
| _version_ | 1818539453522640896 |
|---|---|
| author | Perfilyev A. A. Bufetova L. P. |
| author_facet | Perfilyev A. A. Bufetova L. P. |
| author_sort | Perfilyev A. A. |
| collection | DOAJ |
| description | In this paper we propose to look at the «capital» category from the standpoint of the changes that have affected the evolution of the role of capital in production. It implies the emerging shift from an industrial to a financial economy, the decline of critical importance of level of capital intensity and the growing influence of the human factor on the efficiency of production and the development of innovative economy. The growing influence of human factor on the achievement of business goals, the cash flows and profitability of invested capital that is taking place in the second half of the twentieth century is caused by the fact that all these results largely depend on the professional and personal characteristics of a manager. In management theory a great attention is paid to such influence and the role of managerial capital in risk reduction and in growth of return on capital are explored. In our opinion, modern views about the role of the managerial capital in the company functioning create a basis for inclusion of the category of the managerial capital in the totality of the basic concepts of financial theory. Therefore, this article attempts to identify this basis, and to introduce and justify the possible approaches to the managerial capital within the financial theory. |
| first_indexed | 2024-12-11T21:42:14Z |
| format | Article |
| id | doaj.art-23aa53e0ebb14bd89ef826eab259edc6 |
| institution | Directory Open Access Journal |
| issn | 2542-0429 2542-0429 |
| language | Russian |
| last_indexed | 2024-12-11T21:42:14Z |
| publishDate | 2017-03-01 |
| publisher | Novosibirsk State University Press |
| record_format | Article |
| series | Mir Èkonomiki i Upravleniâ |
| spelling | doaj.art-23aa53e0ebb14bd89ef826eab259edc62022-12-22T00:49:47ZrusNovosibirsk State University PressMir Èkonomiki i Upravleniâ2542-04292542-04292017-03-0117 (1)12613410.25205/2542-0429-2017-17-1-126-134THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORYPerfilyev A. A.0Bufetova L. P.1Novosibirsk State UniversityNovosibirsk State UniversityIn this paper we propose to look at the «capital» category from the standpoint of the changes that have affected the evolution of the role of capital in production. It implies the emerging shift from an industrial to a financial economy, the decline of critical importance of level of capital intensity and the growing influence of the human factor on the efficiency of production and the development of innovative economy. The growing influence of human factor on the achievement of business goals, the cash flows and profitability of invested capital that is taking place in the second half of the twentieth century is caused by the fact that all these results largely depend on the professional and personal characteristics of a manager. In management theory a great attention is paid to such influence and the role of managerial capital in risk reduction and in growth of return on capital are explored. In our opinion, modern views about the role of the managerial capital in the company functioning create a basis for inclusion of the category of the managerial capital in the totality of the basic concepts of financial theory. Therefore, this article attempts to identify this basis, and to introduce and justify the possible approaches to the managerial capital within the financial theory.https://nsu.ru/ef/vestnik_ngu_ef/2017_1_10управленческий капиталфинансовый капиталмеханизм использования управленческого капиталачеловеческий капиталmanagerial capitalfinancial capitalmechanism for the use of managerial capitalhuman capital |
| spellingShingle | Perfilyev A. A. Bufetova L. P. THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY Mir Èkonomiki i Upravleniâ управленческий капитал финансовый капитал механизм использования управленческого капитала человеческий капитал managerial capital financial capital mechanism for the use of managerial capital human capital |
| title | THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY |
| title_full | THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY |
| title_fullStr | THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY |
| title_full_unstemmed | THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY |
| title_short | THE PHENOMENON OF MANAGERIAL CAPITAL IN FINANCIAL THEORY |
| title_sort | phenomenon of managerial capital in financial theory |
| topic | управленческий капитал финансовый капитал механизм использования управленческого капитала человеческий капитал managerial capital financial capital mechanism for the use of managerial capital human capital |
| url | https://nsu.ru/ef/vestnik_ngu_ef/2017_1_10 |
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