IDEAS home Printed from https://ideas.repec.org/h/spr/lnichp/978-3-030-73261-5_25.html
   My bibliography  Save this book chapter

Role of the Banking Sector in Shaping the Financial Potential of the Economic Development of Territories

In: Digital Transformation in Industry

Author

Listed:
  • Ilya V. Naumov

    (Institute of Economics of Ural Branch of the Russian Academy of Sciences
    Ural State Mining University)

Abstract

In the context of the lack of financial resources in the real sector of the economy and enterprises of various economic activities, low budgetary security of territorial systems to solve acute problems of socio-economic development and implementation of spatial strategies, bank capital becomes an important strategic resource. The wide range of investment instruments available to banks and credit institutions improves financial security economic actors, to form the financial potential of the progressive development of territorial systems. The main purpose of the work is to justify the role of the banking sector of the economy and its investment resources in shaping the financial potential of progressive socio-economic development of territorial systems. To achieve this goal, the study proposes the use of methods of statistical and multiple regression analysis on the method of the smallest squares based on panel data on subjects of the Russian Federation for the period 2008–2016, as well as methods of spatial analysis. The study found that the progressive socio-economic development of territorial systems depends not only on the volume of investment resources of enterprises of the real sector of the economy, incoming foreign direct investment, but also on investments of the banking sector of the economy in government and corporate debt securities and shares, the volume of lending to financial and non-financial institutions, households. The study showed that the banking sector has a strong investment potential, its volume of investments during the period 2008–2016 it significantly exceeded the volume of investments in the fixed capital of enterprises and the volume of foreign investment, and since 2014 it has exceeded the size of the GDP of the Russian Federation. Comparison of GRP of Russian entities and the amount of investment resources concentrated in them allowed to identify the regions where bank investments are most in demand.

Suggested Citation

  • Ilya V. Naumov, 2021. "Role of the Banking Sector in Shaping the Financial Potential of the Economic Development of Territories," Lecture Notes in Information Systems and Organization, in: Vikas Kumar & Jafar Rezaei & Victoria Akberdina & Evgeny Kuzmin (ed.), Digital Transformation in Industry, pages 273-282, Springer.
    • Handle: RePEc:spr:lnichp:978-3-030-73261-5_25
    DOI: 10.1007/978-3-030-73261-5_25
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnichp:978-3-030-73261-5_25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.