IDEAS home Printed from https://ideas.repec.org/p/rnp/ppaper/dud9.html
   My bibliography  Save this paper

The organization approaches peculiarities of an industrial enterprises financial management

Author

Listed:
  • Dudin, Mikhail

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Russian Academy of Entrepreneurship)

  • Ljasnikov, Nikolaj

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Russian Academy of Entrepreneurship)

  • Yahyaev, Magomedsaid

    (The Russian academy of enterprise)

  • Kuznetzov, Aleksandr

    (Moscow university of economics, policy and law)

Abstract

The actuality of a given research consists in a fact that a production plants financial management, under unstable and turbulently changing environment is exposed to transformation determining new peculiarities and specificity appearing. The aim of a given research is to find the financial management organization approaches in industrial production plants which are large corporate structures. Within the made research the following basic conclusions where made: - industrial plants financial relationships are characterized by multiplicity and multidimensionality of outer and inner connections which considerably increase the financial management risks. At the same time for financial and strategic development planning and modeling the new strategic development perspective development opens up on the basis of the current and potential risks; - an industrial plants financial management is a systematic process which has a strategic target setting and planning, organization, control, motivation, adaptation, coordination, prediction which are implemented by means of the basic management functions. Coordination, adaptation and prediction functions have the most important sense while possibilities and threatens connected with them are to be found. These functions determine further direction structuring of a plant evolving taking into account newly environment circumstances being opened; - the industrial plant financial management should be aimed at a stable intensive economic growth providing. Thereby, an industrial plants financial management is determined by total management efforts in operational and investing activity; - an industrial plants financial management should be based on an integrative-functional approach which allows to maximize economic profits and optimize loses. It provides an economic value forming as a result of a given market participant activity.

Suggested Citation

  • Dudin, Mikhail & Ljasnikov, Nikolaj & Yahyaev, Magomedsaid & Kuznetzov, Aleksandr, 2014. "The organization approaches peculiarities of an industrial enterprises financial management," Published Papers 9, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:dud9
    Note: Published in "Life Science Journal", #9'2014
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/ppaper/dud9.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul Geroski & Klaus Gugler, 2004. "Corporate growth convergence in Europe," Oxford Economic Papers, Oxford University Press, vol. 56(4), pages 597-620, October.
    2. Toby E. Stuart, 2000. "Interorganizational alliances and the performance of firms: a study of growth and innovation rates in a high‐technology industry," Strategic Management Journal, Wiley Blackwell, vol. 21(8), pages 791-811, August.
    3. Dudin, Mikhail & Ljasnikov, Nikolaj & Pankov, Sergej & Sepiashvili, Ekaterina, 2013. "Innovative Foresight as the Method for Management of Strategic Sustainable Development of the Business Structures," Published Papers dud2, Russian Presidential Academy of National Economy and Public Administration.
    4. Dudin, Mikhail & Ljasnikov, Nikolaj & Baranenko, Sergej & Busygin, Konstantin, 2014. "Use of environmental approach to innovation-oriented development of industrial enterprises," Published Papers dud4, Russian Presidential Academy of National Economy and Public Administration.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dudin, Mikhail & Frolova, Evgenia, 2015. "The Balanced Scorecard as a basis for strategic company management in the context of the world economy transformation," Published Papers dud12, Russian Presidential Academy of National Economy and Public Administration.
    2. repec:rnp:artcls:dud12 is not listed on IDEAS
    3. Dudin, Mikhail & Sekerin, Vladimir & Smirnova, Olga & Frolova, Evgenia & Sepiashvili, Ekaterina, 2014. "State Anti-Crisis Management of Banking Sector: Looking for Optimization Ways and Contemporary Development Trends," Working Papers dudnov, Russian Presidential Academy of National Economy and Public Administration.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dudin, Mikhail & Prokofiev, Mikhail & Fedorova, Irina & Frygin, Aleksandr, 2014. "The World Experience of Transformation of Innovative Approaches to Assurance of Financial Stability of Social Economic Systems," Published Papers dud8, Russian Presidential Academy of National Economy and Public Administration.
    2. Dudin, Mikhail Nikolaevich & Lyasnikov, Nikolaj Vasil'evich & Dzhurabaeva, Gulnora Kahramanovna & Dzhurabaev, Kahraman Tursunovich, 2015. "Economic and mathematical modeling of the costs of production in industrial enterprises (english version)," Published Papers d153e, Russian Presidential Academy of National Economy and Public Administration.
    3. Dudin, Mikhail Nikolaevich & Lyasnikov, Nikolaj Vasil'evich & Dzhurabaeva, Gulnora Kahramanovna & Dzhurabaev, Kahraman Tursunovich, 2015. "Economic and mathematical modeling of the costs of production in industrial enterprises," Published Papers d153, Russian Presidential Academy of National Economy and Public Administration.
    4. Henri A. Schildt & Markku V.J. Maula & Thomas Keil, 2005. "Explorative and Exploitative Learning from External Corporate Ventures," Entrepreneurship Theory and Practice, , vol. 29(4), pages 493-515, July.
    5. Jarle Aarstad & Olav Andreas Kvitastein & Stig-Erik Jakobsen, 2019. "What Drives Enterprise Product Innovation? Assessing How Regional, National, And International Inter-Firm Collaboration Complement Or Substitute For R&D Investments," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(05), pages 1-25, June.
    6. Annika Rickne, 2006. "Connectivity and Performance of Science-based Firms," Small Business Economics, Springer, vol. 26(4), pages 393-407, May.
    7. Keun-Seob Choi & Jeong-Dong Lee & Chulwoo Baek, 2016. "Growth of De Alio and De Novo firms in the new and renewable energy industry," Industry and Innovation, Taylor & Francis Journals, vol. 23(4), pages 295-312, May.
    8. Kathryn Rudie Harrigan & Maria Chiara Guardo & Bo Cowgill, 2017. "Multiplicative-innovation synergies: tests in technological acquisitions," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1212-1233, October.
    9. Tom Broekel & Matthias Brachert, 2015. "The structure and evolution of inter-sectoral technological complementarity in R&D in Germany from 1990 to 2011," Journal of Evolutionary Economics, Springer, vol. 25(4), pages 755-785, September.
    10. Vanhaverbeke, Wim & Li, Ying & Van de Vrande, Vareska, 2009. "The dual role of external corporate venturing in technological exploration," MPRA Paper 26488, University Library of Munich, Germany, revised 2010.
    11. Daunfeldt, Sven-Olov & Elert, Niklas & Lang, Ã…sa, 2012. "Does Gibrat's law hold for retailing? Evidence from Sweden," Journal of Retailing and Consumer Services, Elsevier, vol. 19(5), pages 464-469.
    12. Kang, Min-Ping & Mahoney, Joseph T. & Tan, Danchi, 2007. "Why Firms Make Unilateral Investments Specific to Other Firms: The Case of OEM Suppliers," Working Papers 07-0110, University of Illinois at Urbana-Champaign, College of Business.
    13. Tammy L. Madsen & Michael J. Leiblein, 2015. "What Factors Affect the Persistence of an Innovation Advantage?," Journal of Management Studies, Wiley Blackwell, vol. 52(8), pages 1097-1127, December.
    14. Agata Sudolska & Justyna Łapińska, 2020. "Exploring Determinants of Innovation Capability in Manufacturing Companies Operating in Poland," Sustainability, MDPI, vol. 12(17), pages 1-21, August.
    15. Thomas Brenner & Matthias Duschl, 2018. "Modeling Firm and Market Dynamics: A Flexible Model Reproducing Existing Stylized Facts on Firm Growth," Computational Economics, Springer;Society for Computational Economics, vol. 52(3), pages 745-772, October.
    16. Grant Savage & Michele Bunn & Barbara Gray & Qian Xiao & Sijun Wang & Elizabeth Wilson & Eric Williams, 2010. "Stakeholder Collaboration: Implications for Stakeholder Theory and Practice," Journal of Business Ethics, Springer, vol. 96(1), pages 21-26, August.
    17. Yenn-Ru Chen & Carl R. Chen & Chih-Kang Chu, 2014. "The Effect of Executive Stock Options on Corporate Innovative Activities," Financial Management, Financial Management Association International, vol. 43(2), pages 271-290, June.
    18. Partanen, Jukka & Kohtamäki, Marko & Patel, Pankaj C. & Parida, Vinit, 2020. "Supply chain ambidexterity and manufacturing SME performance: The moderating roles of network capability and strategic information flow," International Journal of Production Economics, Elsevier, vol. 221(C).
    19. Thorgren, Sara & Wincent, Joakim & Eriksson, Jessica, 2011. "Too small or too large to trust your partners in multipartner alliances? The role of effort in initiating generalized exchanges," Scandinavian Journal of Management, Elsevier, vol. 27(1), pages 99-112, March.
    20. Cui, Li & Chan, Hing Kai & Zhou, Yizhuo & Dai, Jing & Lim, Jia Jia, 2019. "Exploring critical factors of green business failure based on Grey-Decision Making Trial and Evaluation Laboratory (DEMATEL)," Journal of Business Research, Elsevier, vol. 98(C), pages 450-461.

    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:rnp:ppaper:dud9. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    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.