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Financial Potential in the Context of Sustainable Development of Machine-Building Enterprises

https://doi.org/10.21686/2413-2829-2019-4-96-105

Abstract

The development of the machine-building complex is essential in the process of Russian economy functioning. An important aspect of the machine-building enterprise functioning being a key element of the complex is sustainable development. The necessary component to support the development is financial potential. The article studies issues of providing finance potential of Russian machine-building enterprises. The authors analyzed their finance standing and investment climate. They showed the position of Russia in the international rating by the level of competitiveness, which depends on the innovation status, the development of business and finance market. It was grounded that in order to decrease finance risks and to raise competitiveness of machine-building enterprises it could be necessary to use an effective mechanism of optimization of line of risk factors impact on the system of managing the finance potential, which must have a simple and transparent structure eliminating extra links, overlapping of functions and watering responsibility for fulfilling fixed tasks. Policy of import-substitution depends directly on machine-building, which is a driving industry of the industrial revolution and a core of the highly-technological sector of Russian economy.

About the Authors

A. P. Garnov
Plekhanov Russian University of Economics
Russian Federation

Andrei P. Gamov - Doctor of Economics, Professor of the Department for Industrial Economics of the PRUE.

36 Stremyanny Lane, Moscow, 117997


D. V. Kabanov
Plekhanov Russian University of Economics
Russian Federation

Dmitry V. Kabanov - Post-Graduate Student of the Department for Industrial Economics of the PRUE.

36 Stremyanny Lane, Moscow, 117997


References

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Review

For citations:


Garnov A.P., Kabanov D.V. Financial Potential in the Context of Sustainable Development of Machine-Building Enterprises. Vestnik of the Plekhanov Russian University of Economics. 2019;(4):96-105. (In Russ.) https://doi.org/10.21686/2413-2829-2019-4-96-105

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ISSN 2413-2829 (Print)
ISSN 2587-9251 (Online)