Innovative Activity of Financial and Industrial Groups

The creation of financial-industrial groups (FIG) is one of the most promising ways of overcoming the investment crisis in the country. FIG-like structure which can combine financial and industrial capital is established in order to ensure efficient (due to more efficient administration of financial...

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Main Authors: Marina N. Rudenko, Ludmila V. Goloshchapova, Oksana V. Savvina, Andrey A. Zamkovoy, Natalia V. Chernikova, Olga G. Andryushchenko
Format: Article
Language:English
Published: EconJournals 2016-11-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32018/354077?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Marina N. Rudenko
Ludmila V. Goloshchapova
Oksana V. Savvina
Andrey A. Zamkovoy
Natalia V. Chernikova
Olga G. Andryushchenko
author_facet Marina N. Rudenko
Ludmila V. Goloshchapova
Oksana V. Savvina
Andrey A. Zamkovoy
Natalia V. Chernikova
Olga G. Andryushchenko
author_sort Marina N. Rudenko
collection DOAJ
description The creation of financial-industrial groups (FIG) is one of the most promising ways of overcoming the investment crisis in the country. FIG-like structure which can combine financial and industrial capital is established in order to ensure efficient (due to more efficient administration of financial resources) and accelerated development of science and industrial production. This is achieved by diversification into new industrial products and services to guarantee higher and sustainable profit. FIG acts as a tool for comprehensive and cost-effective capacity utilization of enterprises that have not received sufficient orders for the state needs, and targeted financial support. In modern Russia the urgency is the problem of creating in the economy competitive organizational structures. Financial-industrial groups are to become a key link in the institutional framework of the reformed economy, increase its competitiveness in both the global and domestic markets, to become promoters of the structural adjustment of the economy. The process of creation FIG requires significant assistance from the state. This poses the following challenges for public authorities: to remove all artificial obstacles to the unification of capital, to develop measures for the operational support of the process, to ensure its uniform distribution in various fields.
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spelling doaj.art-4b96d6a5a2514e24b287580d1a3cfd412023-02-15T16:13:24ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-11-01681081141032Innovative Activity of Financial and Industrial GroupsMarina N. RudenkoLudmila V. GoloshchapovaOksana V. SavvinaAndrey A. ZamkovoyNatalia V. ChernikovaOlga G. AndryushchenkoThe creation of financial-industrial groups (FIG) is one of the most promising ways of overcoming the investment crisis in the country. FIG-like structure which can combine financial and industrial capital is established in order to ensure efficient (due to more efficient administration of financial resources) and accelerated development of science and industrial production. This is achieved by diversification into new industrial products and services to guarantee higher and sustainable profit. FIG acts as a tool for comprehensive and cost-effective capacity utilization of enterprises that have not received sufficient orders for the state needs, and targeted financial support. In modern Russia the urgency is the problem of creating in the economy competitive organizational structures. Financial-industrial groups are to become a key link in the institutional framework of the reformed economy, increase its competitiveness in both the global and domestic markets, to become promoters of the structural adjustment of the economy. The process of creation FIG requires significant assistance from the state. This poses the following challenges for public authorities: to remove all artificial obstacles to the unification of capital, to develop measures for the operational support of the process, to ensure its uniform distribution in various fields.https://dergipark.org.tr/tr/pub/ijefi/issue/32018/354077?publisher=http-www-cag-edu-tr-ilhan-ozturkfinancial-industrial groups innovation enterprise economy innovative activity
spellingShingle Marina N. Rudenko
Ludmila V. Goloshchapova
Oksana V. Savvina
Andrey A. Zamkovoy
Natalia V. Chernikova
Olga G. Andryushchenko
Innovative Activity of Financial and Industrial Groups
International Journal of Economics and Financial Issues
financial-industrial groups
innovation
enterprise economy
innovative activity
title Innovative Activity of Financial and Industrial Groups
title_full Innovative Activity of Financial and Industrial Groups
title_fullStr Innovative Activity of Financial and Industrial Groups
title_full_unstemmed Innovative Activity of Financial and Industrial Groups
title_short Innovative Activity of Financial and Industrial Groups
title_sort innovative activity of financial and industrial groups
topic financial-industrial groups
innovation
enterprise economy
innovative activity
url https://dergipark.org.tr/tr/pub/ijefi/issue/32018/354077?publisher=http-www-cag-edu-tr-ilhan-ozturk
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AT ludmilavgoloshchapova innovativeactivityoffinancialandindustrialgroups
AT oksanavsavvina innovativeactivityoffinancialandindustrialgroups
AT andreyazamkovoy innovativeactivityoffinancialandindustrialgroups
AT nataliavchernikova innovativeactivityoffinancialandindustrialgroups
AT olgagandryushchenko innovativeactivityoffinancialandindustrialgroups