+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Financial architecture of corporations in digital reality

Vol. 29, Iss. 3, MARCH 2023

Received: 13 December 2022

Received in revised form: 23 January 2023

Accepted: 6 February 2023

Available online: 30 March 2023

Subject Heading: Financial system

JEL Classification: G00, G30

Pages: 507–526

https://doi.org/10.24891/fc.29.3.507

Lelya G. PASHTOVA Financial University under Government of Russian Federation, Moscow, Russian Federation
palelya@yandex.ru

https://orcid.org/0000-0002-5618-5978

Subject. The article addresses economic conditions for the development of financial architecture of corporations, the impact of economy digitalization on financial design of business.
Objectives. The aim is to review the financial architecture under global digitalization of the financial system and adopt a law on digital financial assets in Russia.
Methods. The study employs general scientific and special methods of scientific knowledge, like system, functional-structural methods, methods of statistical analysis of numerical data (comparison, grouping, dynamic analysis, and graph method).
Results. I considered theoretical foundations of financial structure and architecture of business in Russia, principles and technologies of corporate cash flow management, defined the essence of restructuring and reengineering for the business, unveiled the need for building a domestic financial business architecture.
Conclusions. Financial architecture is of great importance for corporations. It not only shapes a financial design, but also determines prospects for further development under the digital economy and the use of new financial instruments in digital practice.

Keywords: financial architecture, digital financial asset, digitalization, restructuring, reengineering

References:

  1. Glaz'ev S.Yu. [On the underlying causes of growing chaos and measures of the economic crisis overcoming]. Evraziiskaya integratsiya: ekonomika, pravo, politika = Eurasian Integration: Economics, Law, Politics, 2020, no. 2, pp. 11–22. URL: Link (In Russ.)
  2. Zhitnikov D., Zvonova E. [Issues of the influence of international economic standardization on the world financial architecture]. International Independent Scientific Journal, 2021, no. 24-2, pp. 16–20. URL: Link (In Russ.)
  3. Pashtova L.G. [Investment opportunities for venture funds in the economics of mobilization]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2022, vol. 21, no. 11, pp. 2060–2073. (In Russ.) URL: Link
  4. Talimova L.A. [Transformation of the paradigm of financial architecture in the conditions of cyclical and digital development of the economy]. Nauchnyi rezul'tat. Ekonomicheskie issledovaniya = Research Result. Economic Research, 2021, vol. 7, no. 3, pp. 89–102. (In Russ.) URL: Link
  5. Grieves M. Digital Twin: Manufacturing Excellence through Virtual Factory Replication. White Paper, 2014. URL: Link
  6. Myers S.C. Financial architecture. European Financial Management, 1999, vol. 5, iss. 2, pp. 133–141. URL: Link
  7. Ivanova M.M. [Financial architecture of the company as a special system design]. Teoreticheskaya i prikladnaya ekonomika, 2013, no. 1, pp. 111–116. (In Russ.) URL: Link
  8. Elghaish F., Rahimian F.P., Hosseini M.R. et al. Financial Management of Construction Projects: Hyperledger Fabric and Chaincode Solutions. Automation in Construction, 2022, vol. 137, no. 104185. URL: Link
  9. Veselinovich A., Didenko V.Yu., Kornilova E.V. et al. Finansovye tekhnologii (FinTech): sistemnye osobennosti, riski, perspektivy [Financial technologies (FinTech): System features, risks, prospects]. Moscow, Rusains Publ., 2020, 168 p.
  10. Elghaish F., Abrishami S. A centralised cost management system: Exploiting EVM and ABC within IPD. Engineering, Construction and Architectural Management, 2021, vol. 28, no. 2, pp. 549–569. URL: Link
  11. Orlov F.P. [Trends in the development of the world monetary and financial system]. Teoriya i praktika obshchestvennogo razvitiya = Theory and Practice of Social Development, 2022, no. 10, pp. 91–97. URL: Link (In Russ.)
  12. Golovnin M.Yu. [International financial system: Global trends and qualitative changes]. Nauchnye trudy Vol'nogo ekonomicheskogo obshchestva Rossii = Scientific Works of the Free Economic Society of Russia, 2022, vol. 235, no. 3, pp. 95–104. URL: Link (In Russ.)
  13. Barinov V.A. [Re-engineering: The essence and methodology]. Glavnyi mekhanik, 2016, no. 1, pp. 29–38. URL: Link (In Russ.)
  14. Germogentova M.N., Kapranova L.D., Kornilova E.V. et al. Reorganizatsiya biznesa: sliyanie i pogloshchenie: monografiya [Business reorganization: Mergers and acquisitions: a monograph]. Moscow, KnoRus Publ., 2018, 206 p.
  15. Hammer M., Champy J. Reinzheniring korporatsii: manifest revolyutsii v biznese [Reengineering of the Corporation: A Manifesto of Business Revolution]. Moscow, Mann, Ivanov i Ferber Publ., 2010, 274 p.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4
April 2024

Archive