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

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Sustainability of development of economic entities in partially autarkic economy

Vol. 30, Iss. 4, APRIL 2024

Received: 2 November 2023

Received in revised form: 11 December 2023

Accepted: 25 December 2023

Available online: 26 April 2024

Subject Heading: BUSINESS VALUE

JEL Classification: G17, O12

Pages: 914–925

https://doi.org/10.24891/fc.30.4.914

Dar'ya M. KORSHUNOVA Tula State University (TulSU), Tula, Russian Federation
Tula007@mail.ru

ORCID id: not available

Lyudmila E. ROMANOVA Tula State University (TulSU), Tula, Russian Federation
Milarom12@yandex.ru

ORCID id: not available

Aleksandr S. VASIN Federal Treasury, Moscow, Russian Federation
vasin_as@mail.ru

ORCID id: not available

Subject. The article considers the methodology for assessing the sustainability of business entities’ development in modern Russia, characterized by elements of autarky.
Objectives. Our aims are to reveal the specifics of sustainable development in a closed economy, determine the degree stakeholders’ interests coordination as a basis for identifying sustainability of their development, elaborate a methodology for determining the sustainability of development of economic entities in a partially autarkic economy.
Methods. We employ general scientific methods, i.e. scientific abstraction, analysis and synthesis, as well as approaches to determining the influence of behavioral motives of decision-makers when identifying the effectiveness of economic entities’ development.
Results. The paper underpinned the need to determine the impact of the degree of coordination of stakeholders' interests in determining the sustainability of development of market actors; offered a classification of stakeholders' interests; developed the traditional concept of triple bottom line that rests on identification of economic, social, and environmental indicators of development on the basis of supplementing the assessment of sustainability by the results of stakeholder interests coordination.
Conclusions. In addition to the impact of social, environmental and economic factors, it is necessary to determine the level of coordination of stakeholders' interests, as well as stakeholder risk.

Keywords: stakeholder, behavioral pattern, sustainable development, digital business analysis

References:

  1. Aroshidze A.A. [Features of the interpretation of sustainable development of enterprises: Key approaches and changes in priorities for the period 1990–2020]. Finansovyi biznes = Financial Business, 2021, no. 10, pp. 3–7. (In Russ.)
  2. Khazin M.L. Vospominaniya o budushchem. Idei sovremennoi ekonomiki [Memories of the future. The ideas of the modern economy]. Moscow, Ripol-klassik Publ., 2019, 463 p.
  3. Anufriev V.P., Gudim Yu.V., Kaminov A.A. Ustoichivoe razvitie. Energoeffektivnost'. Zelenaya ekonomika [Sustainable development. Energy efficiency. Green economy]. Yekaterinburg, INFRA-M Publ., 2021, 201 p.
  4. Bobylev S.N. [Sustainable development: A new vision of the future?]. Voprosy politicheskoi ekonomii = Problems in Political Economy, 2020, no. 1, pp. 67–83. (In Russ.)
  5. Starikova E.A. Ustoichivoe razvitie v menyayushchemsya mire. Rol' gosudarstva i biznesa [Sustainable development in a changing world. The role of the State and the business]. Moscow, KnoRus Publ., 2022, 318 p.
  6. Guzei V.A. [Analysis of factors affecting the sustainable development of the organization]. Innovatsionnaya ekonomika i obshchestvo = Innovative Economics and Society, 2023, no. 4, pp. 2–8. URL: Link (In Russ.)
  7. Kleiner G.B. [Inclusive growth in a circular economy]. Ekonomicheskoe vozrozhdenie Rossii = Economic Revival of Russia, 2022, no. 3, pp. 37–44. URL: Link (In Russ.)
  8. Pakhomova N.V., Richter Knut K., Vetrova M.A. [Transition to circular economy and closed supply chains as a factor of sustainable development]. Vestnik Sankt-Peterburgskogo universiteta. Ekonomika = St. Petersburg University Journal of Economic Studies, 2017, vol. 33, no. 2, pp. 244–268. URL: Link (In Russ.)
  9. Barilenko V.I. [Business analysis as a tool for sustainable development of economic entities]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2014, no. 1, pp. 25–31. URL: Link (In Russ.)
  10. Malkolm E., Hindle K., Rollaston C. et al. Business Analysis. British Computer Society, 2010, 302 p.
  11. Yamaguchi I., Furukawa M., Aoyama M., Kikushima Y. A Digital Business Analysis Method. In: Lee S.W., Nakatani T. (eds) Requirements Engineering Toward Sustainable World. APRES 2016. Communications in Computer and Information Science. Singapore, Springer, 2016, vol. 671. URL: Link
  12. Yamamoto S. Enterprise Requirements Management Knowledge Towards Digital Transformation. In: Kim K., Kim H., Baek N. (eds) IT Convergence and Security 2017. Lecture Notes in Electrical Engineering. Singapore, Springer, 2018, vol. 449. URL: Link
  13. Korshunova G.V., Nemtsev A.D., Romanova L.E. [The behavioral finances: Laws governing decision making of the financial nature]. Vestnik Volzhskogo universiteta im. V.N. Tatishcheva = Vestnik of Volzhsky University after V.N. Tatischev, 2017, vol. 2, no. 2, pp. 36–44. URL: Link (In Russ.)
  14. Tambovtsev V.L. [Embeddedness concept in the theory and empirical research]. Voprosy teoreticheskoi ekonomiki, 2022, no. 4, pp. 25–45. (In Russ.) URL: Link
  15. Kachalov R.M. [Risk phenomenon as an artificial economic science object]. Problemy analiza riska = Issues of Risk Analysis, 2020, vol. 17, no. 1, pp. 100–108. URL: Link (In Russ.)
  16. Ivashkovskaya I.V. Finansovye izmereniya korporativnykh strategii. Steikkholderskii podkhod [Financial dimensions of corporate strategies. A stakeholder approach]. Moscow, INFRA-M Publ., 2019, 320 p.

View all articles of issue

 

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

Journal current issue

Vol. 30, Iss. 4
April 2024

Archive