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The influence of distortion of international foreign trade relations on the financing of Russian enterprises under globalization

Vol. 24, Iss. 7, JULY 2018

PDF  Article PDF Version

Received: 30 March 2018

Received in revised form: 21 May 2018

Accepted: 4 June 2018

Available online: 27 July 2018

Subject Heading: CHALLENGES OF GLOBALIZATION

JEL Classification: D53, F36, G32

Pages: 1751–1764

https://doi.org/10.24891/fc.24.7.1751

Sysoeva E.F. Voronezh State University, Voronezh, Russian Federation
fin@econ.vsu.ru

ORCID id: not available

Budilova E.S. Voronezh State University, Voronezh, Russian Federation
sms6@yandex.ru

ORCID id: not available

Importance The article studies the impact of the distortion of international foreign trade relations on the domestic enterprises financing.
Objectives The paper aims at identifying the negative changes after using the international sources of domestic enterprises financing. It also aims to determine the main factors neutralizing the violation of the international capital flow in the aspect of Russian enterprises financing.
Methods The research uses the methods of systems and comparative analysis, abstraction, logical-gnoseological and dialectical methods.
Results The movement of capital from developed to developing countries entails a violation of the normal functioning of the developed economies. Economic sanctions lead to a serious limitation of the possibility of financing the domestic enterprises. It necessitates reorientation of Russian enterprises to internal sources of financing that have limited volumes. Russia searches investors in foreign financial markets, in particular, in the countries of the Asia-Pacific cooperation.
Conclusions ans Relevance The results of the research can be used in making decisions on the choice of financial sources for Russian enterprises. Identification of the patterns of international capital movement can be used by domestic enterprises to solve practical problems related to attracting international financing.

Keywords: distortion, international foreign trade relations, globalization, financing, financing sources

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