Abstract: The subject of this research is the practice of application of antimonopoly legislation of the Russian Federation to budgetary (autonomous) institutions, including in the context of restricting the established by the Section 3 of the Article 15 of the Federal Law No.135-FZ of July 26, 2006 “On Protection of Competition". The goal consists in identification and analysis of possible legal issues emerging due to the dual nature of the status of such institutions, substantiated by the conducted reform for increasing their economic independence. The article provides a scientific assessment of legal consequences of recognition of the budgetary (autonomous) institutions as economic entities for the purpose of application of antimonopoly legislation, taking into account the existing ban on combining functions of government branches and functions of economic entities, as well as authorizing the economic entities for the functions and rights of these branches, including state control and supervision bodies. Content of the concept of “function of the government branch” is reviewed. The author’s special contribution consists in evaluation of the situation, in which in the monopolized by public entity spheres related to the exercise of powers, are established  budgetary (autonomous) institutions that charge for rendering services required and essential for provision of state (municipal) services. The article views the mechanism of social procurement as market-oriented, a competitive way of rendering services using budget funds by both governmental and nongovernmental organizations. The novelty of this work lies in conclusion on the need to consider the principle of fair competition in case if the public legal entity decides to forgo the implementation of a new competitive method for selection of executants established by the law on social procurement, and use the traditional scheme of approval of the state (municipal) assignment.

Keywords: Budget law, Non-profit organizations, Monopoly, Competition, Autonomous institutions, Budgetary institutions, Social order, State task, Public services, Reform

Abstract: This article examines the processes of formation of financial strategy within the system of corporate management in the conditions of digitalization. Implementation of digital technologies in all spheres of life opens new opportunities for socioeconomic development of the companies. In the nearest future, scientific research in the sphere of digital economy will be especially relevant due to heightened risk of being in arrears of global trends. Rapid changes taking place in engineering, technology, and organization of production increase the importance of corporate financial management. The digital age changes the traditional models of sectoral markets, enhances competitiveness between  the participants of economic processes. The theoretical and methodological framework of this research contains the works of economists on the problems of finances, financial management, and planning. The subject of this research is the combination of economic, organizational and management relations developed in the process of strategic activity of corporations in the conditions of digital economy. Enterprises that are adapted to modern economic conditions set new priorities in the process of formation of management models: the role of fixed assets decreases, while intangible assets and information become the key business engines. The effectiveness of management decisions, and thus, the effective functioning of the enterprise overall depends on the availability of accurate, timely and exhaustive information. Prompt responsiveness to the changes of external environment is the primary factor for ensuring effective management of the economic entity. The novelty of this research lies consists in the original concept of corporate financial strategic planning in digital economy in the context of the corporate management system of the industrial enterprise.

Keywords: stages of strategic planning, economic factors, financial resources, management, strategic planning, Corporation, financial strategy, Finance, internal environment, control

Abstract: The subject of this article is the corporate internal control processes. Internal control plays an important role in activity of the company and is based upon the principles of respecting the interests of all stakeholders, scope of the rights and obligations of shareholders, top managers and the board of directors. Since the chief executive officer is the key figure responsible for the implementation of development strategy, the goal of this research consists in working out the performance indicators of the CEO. The author explores the following theoretical approaches: system of balanced indicators, prism of performance, stakeholder theory, and theory of dynamic capabilities. Special attention is given to dependence of performance of the CEO to his compensation. For implementation of the effective mechanism of internal control, it is proposed to develop the performance indicators of the CEO, taking into account the interests of stakeholders: board of directors, investors, creditors, employees, clients, vendors, and company. In outlining the goals and tasks of activity of the chief executive officer, the expectations of the stakeholders should be considered. The author develops the matrix of key performance indicators for the CEO in the context of stakeholders. The scientific novelty consists in the proposed original methodological approach towards performance assessment of the chief executive officer, the peculiarity of which is lies in comprehensive application of the system of balanced indicators and comparative market efficiency of a corporation.

Keywords: CEO, dynamic capability, Balanced Score Card, Performance Prism, stakeholder theory, corporate governance, corporate control, efficiency, Board of Directors, joint-stock company

Abstract: The subject of this research is the assessment of management relations developed as a result of involvement of fishing industry enterprises in the corporate social responsibility. The object of this research is the processes of formation of corporate social responsibility in the fishing industry business as a sector promoting national interests. This article tests the original complex methodology for assessing the involvement of business structures in the corporate social responsibility based on calculation of the integrated index. Special attention is given to calculation of the index, which consists of the system of quantitative and qualitative elements of the corporate social responsibility of the business structure, as well as to the choice and justification of measures for implementation of these elements into the individual profile of the corporate social responsibility of the business structure for subsequent comparative analysis. Leaning on the approaches existing in the world scientific literature towards the concept of corporate social responsibility, the author identifies the need for definition and assessment of such indicator as the involvement of business structures in the corporate social responsibility. The author proposes to calculate this indicator according to the algorithm of methodology that takes into consideration the elements of corporate social responsibility determined on the basis of actions on the development of internal and external environment of the company. Approbation of methodology on the example of fishing industry business structures can serve as the foundation for comparative analysis of business structures of various sectors in the regions, taking into account their impact upon the regional development for determination of feasibility of state support and development of the unified structure of corporate social reporting.

Keywords: involvement, assessment methodology, rating score, human capital, entrepreneurship, corporate citizenship, corporate social responsibility, fishing industry, corporate social reporting, social investments

Abstract: This article examines such mandatory element and special purpose of entrepreneurial activity as gaining profit applicable to medical activity. The author analyzes medical activity in terms of gaining profit based on the legislatively consolidated sources of funding in the sphere of health promotion, which are united into three groups: funds from budgets of all levels, funds from mandatory medical insurance and funds from organizations and citizens, funds received from private and legal entities, including voluntary donations, and other sources that are not prohibited by the legislation of the Russian Federation. The article employs the general and private scientific methods, such as formal legal, analytical, systemic, statistical, and economic analysis. The scientific novelty of this research consists in the following conclusions: that profit from conducting medical activity can be acquired within the framework of rendering paid medical services; the prices (tariffs) for medical services provided within the framework of compulsory health insurance and budget funding do not imply profit. The author advances an opinion that the model of funding in the sphere of protection of public health is substantiated by the social orientation of the activity of the state towards maintenance and promotion of health of its citizens.

Keywords: budget financing, compulsory health insurance, paid services, profit, medical activity, entrepreneurial activity, profitability, legislation, welfare state, health care

Abstract: Multiple theories and models that examine different aspects of corporate growth can be systematized on the basis of the methodology of paradigms. For this purpose, the author determines the three dominant paradigms of growth (causal, paradigm of the results of growth, and process paradigm); each of them forms the methodological principles of growth research and original representation on the process of corporate growth. The methodology of causal paradigm is based on orientation towards determining causal relations (laws) responsible for the growth. Paradigm of the results synthesizes the theories and models of growth that study the life cycle of the companies and changes taking place on different stages. The concepts of process paradigm of growth view the company as a complex, self-organizing system, and follow the organizational changes that emerge as a result of growth. The present time marks the establishment of integration paradigm, which describes growth as a process of integrating companies into supra-organizational structures. This article attempts to systematize the theoretical approaches towards understanding the mechanisms and distinctive features of corporate growth based on the general scientific methodology of paradigms. The author believes that the fundamental difference between the proposed typology consists in  the focus on “natural” systematization, which is based not on the highlighted characteristics, analogies, isomorphic manifestations of growth essential for classification, but on homologies, i.e. characteristics based on the theoretical and methodological grounds shared by one or another group of theories, which set the general vector of research and representations on the peculiarities of the object of study — corporate growth. Such general principles of research comprise the core of a particular paradigm that encompasses a group of concepts of corporate growth.

Keywords: alliances, supra-organizational structures, systems approach, determinism, paradigms, mechanistic organizations, methodology, corporate growth, growth concept, reductionism

Abstract: This article attempts to analyze the theoretical approaches towards regulation of state insurance by various branches of the Soviet law that existed in the legal thought of the XX century. Attention is focused on the state activity aimed at formation of the specialized insurance funds and peculiarities of their use. The article examines the procedure for the formation of state insurance fund, development trends, understanding of the essence and the key role of state insurance in the Soviet period. It is indicated that state insurance in the Soviet period represented the activity of government branches on formation of the specialized monetary funds by means of contributions made by socialist organizations and citizens (policyholders) that were used by the insurance system to compensate for material damage caused by natural disasters, accidents, etc., as well as carried out preventive measures and awareness-raising activity for their prevention. The following conclusions were formulated: in the Soviet period insurance as the legal institution was studied by a range of legal sciences, including the science of financial law; the insurance relations were regulated by several branches of the Soviet law. It is worth noting that the question on the boundaries of such regulation was of ambiguous and debatable nature. For the most part, insurance relations in the Soviet period were regulated by the norms of financial and civil law. The Soviet financial law regulated the relations that arouse in the process of development of state insurance as one of the main types of financial activity of the state. The property relations that established on the basis of implementation of these general terms were of civil nature. The question of sectoral borders is still relevant for many post-Soviet states.

Keywords: financial system, mandatory payments, Soviet economy, Soviet legal science, national economy, state finance, state insurance, legal doctrine, finance, financial law