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Journal of Reviews on Global Economics

Modernization of the Company's Fixed Assets: Critical Factors that Affect the Capital Budgeting Decisions Pages 804-811

 

Svetlana V. Shchurina and Marina A. Prunenko

DOI: https://doi.org/10.6000/1929-7092.2018.07.78

Published: 12 November 2018  


Abstract: Modernization of the company's fixed assets is a necessary condition for its development and competitiveness. Assessing projects and efficient allocation of the capital depend on the project requirements. The identification of the critical factors makes it possible to compile a realistic investment budget of the company. It also contributes to the optimal solution of the problem of modernization of fixed assets. The capital investment decision of project ranking plays a crucial role in capital investment decisions. The business concerns prioritize the various projects on the base of the kind of project a firm has at a particular point of time. Project ranking is dependent on the fact as to how much would a particular project return as well as which project has the ability to provide the business, a maximum value. The development of recommendations to improve the company's policies of modernization of fixed assets under the investment budget project makes the right accents for the targeted usage of funds.

Keywords: Budget decisions, capital investment projects, fixed assets, project valuation, capital budgeting techniques, facility management.

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Journal of Reviews on Global Economics

Investment and Dividend Policy of Oil and Gas and other Russian Companies: Financial Aspect Pages 812-824

 

V.F. Gaponenko, O.I. Zhukova, R.R. Alaberdeev, Kh.Sh. Kilyskhanov2 and E.A. Teterina

DOI: https://doi.org/10.6000/1929-7092.2018.07.79

Published: 12 November 2018  


Abstract: In the article features of formation of investment and dividend policy of oil and gas and other the Russian companies are presented: financial aspect, existing problems are revealed and the corresponding recommendations are offered. The extensive world practice and its invaluable experience in the field of formation of effective investment and dividend policy can help to solve a number of problems to the Russian public joint-stock companies. The analysis, systematization and generalization of the theory and practice of payment of dividends by Russian joint-stock companies are carried out, forecasts are made.

Keywords: Dividend and investment policy, Russian public oil and gas and other companies, dividend payout statistics, dividend stability index, dividend signal theory.

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Journal of Reviews on Global Economics

Problems of the Russian Market of Merger and Absorption Transactions  Pages 825-833

 

Ermolovskaya O. Yu

DOI: https://doi.org/10.6000/1929-7092.2018.07.80

Published: 12 November 2018  


Abstract: Importance: Nowadays mergers and acquisitions, in addition to the organic growth, act as a tool for achieving competitiveness of the organization in the long run. While determining the strategic objectives of mergers and acquisitions, managers of the participants of transaction are driven by motives associated with obtaining synergetic effects, which require from the stakeholders concentration of resources, managers with sufficient experience and reasonable approaches to transactions at all stages. Thus, the complex of factors determines whether the transaction is successful and points out reasons for a failure.

Objective: Develop the factors contributing to the failure in mergers and acquisitions at stages of implementation. Evaluate the necessity of measures, preventing failure of transaction and minimizing negative effects of it.

Methods: Theoretical analysis, synthesis, systematization of scientific literature on the subject; structural analysis of mergers and acquisitions process, logical analysis of causes of unsuccessful transactions.

Results: Determined the groups of factors weakening the ability to achieve success in mergers at stages of their implementation. Evaluated the necessity of measures, preventing failure of transaction.

Conclusions and Relevance: It is concluded that mergers and acquisitions, despite their attractiveness for increasing business value even in times of deteriorating financial situation, carry many risks. In order to achieve desired effects, the parties involved in transaction must anticipate internal and external factors that can destroy the success of transaction on stages of preparation, closing the deal and in integration period, which determines the necessity of developing measures, minimizing negative effects of unsuccessful outcome of transactions.

Keywords: Reorganization, a synergistic effect, the success of the transaction, strategic goals, mergers and acquisitions.

Journal of Reviews on Global Economics

Nature of the System of Common Standards for Valuation in the Countries of the Eurasian Economic Union  Pages 834-842

 

Grigoriev Vladimir Viktorovich

DOI: https://doi.org/10.6000/1929-7092.2018.07.81

Published: 12 November 2018  


Abstract: The article is devoted to the concept of a system of common valuation standards in the countries of the Eurasian Economic Union. Much attention is given to the necessity of creating a system of unified standards, its composition and structure. It is spoken in detail elements of the codification of evaluation standards. The article gives a detailed analysis of the results of implementing a system of common standards in the practice of assessing the countries of the Eurasian Economic Union.

Keywords: System of cost standards, the concept of common standards, the Eurasian Economic Union, appraisal activity, harmonization of evaluation standards, codification of evaluation standards.

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