Finance and Credit

The financial mechanism of management organizations in the field of housing and communal services: Deformation problems

Vol. 24, Iss. 5, MAY 2018

Received: 14 March 2018

Received in revised form: 3 April 2018

Accepted: 17 April 2018

Available online: 29 May 2018

Subject Heading: Financial system

JEL Classification: G30

Pages: 1063-1078

Sukharev A.N. Tver State University, Tver, Russian Federation

Golubev A.A. Tver State University, Tver, Russian Federation

Karaseva L.A. Tver state University, Tver, Russian Federation

Importance The article considers the system of internal and external financial relations of managing organizations in the sphere of housing and communal services.
Objectives The article aims to reveal the specifics and problems of the financial mechanism of managing organizations in the housing sector.
Methods The basis of the research is formal logic and the systems approach to the study of financial and economic aspects of the activities of economic entities.
Results The article presents certain results of research of a complex of financial and economic problems of managing companies in the sphere of housing and utilities. The article highlights the problem of insufficient financial resources to finance the working capital needed to provide housing and utilities services and shows the way to solve this problem.
Conclusions Owners of managing companies are not interested in obtaining legal profits, and their financial risks are almost nil due to the small size of the authorized capital.

Keywords: financial mechanism, housing payments, utility payments, managing organization, authorized capital, current assets


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