Financial Analytics: Science and Experience
 

Structural reforms of the housing and utility complex of Vladikavkaz

Vol. 10, Iss. 11, NOVEMBER 2017

Received: 21 April 2017

Received in revised form: 26 September 2017

Accepted: 3 October 2017

Available online: 15 November 2017

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: L32, L97, P25

Pages: 1234–1244

https://doi.org/10.24891/fa.10.11.1234

Valieva Z.R. North Caucasian Institute of Mining and Metallurgy (State Technological University) (NCIMM (STU), Vladikavkaz, Republic of North Ossetia–Alania, Russian Federation Zaraa-666@inbox.ru

Dzhagaeva M.S. North Caucasian Institute of Mining and Metallurgy (State Technological University) (NCIMM (STU), Vladikavkaz, Republic of North Ossetia–Alania, Russian Federation codieum@rambler.ru

Rubanovskaya S.G. North Caucasian Institute of Mining and Metallurgy (State Technological University) (NCIMM (STU), Vladikavkaz, Republic of North Ossetia–Alania, Russian Federation senpoli@rambler.ru

Importance The article deals with the issues of structural changes and accumulated problems in the urban housing and communal economy.
Objectives The study aims to develop recommendations to improve the efficiency of the housing and communal sector of Vladikavkaz, using the city as a case study, and taking into account limited financial resources and maintaining the social focus of the sector.
Methods For the study, we used the logical, causal, and comparative methods of analysis.
Results The article defines a formula of total synergy effect determination from the integration of housing and communal services enterprises into a holding. As well, we have developed a housing and communal services conceptional structure of Vladikavkaz.
Conclusions and Relevance Integration by type of holding is the most effective tool for improving the efficiency of housing and communal services enterprises. An important positive aspect of such a holding is the possibility of applying forms of public-private partnership, which allows municipalities to directly or indirectly control the holding and participate in its activities.

Keywords: housing and communal services, integration, synergy, holding, specialization effect

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