Governmental support to small and medium enterprises in the period of the pandemic of 2020
ID number: J202111
Abstract: The current situation companies are forced to transfer workers to remote work and adjust the process of producing goods and providing services. But, perhaps, the unluckiest for small and medium-sized businesses, which suffered the most due to prolonged quarantine and suspended work. A huge number of companies were on the verge of bankruptcy. That is why we will talk about measures of state support for these enterprises, evaluate them and see if the level of support really depends on the degree of development of the country, or there are still exceptions.
Key-words: government support, lending, small and medium-sized enterprises, developing countries, pandemic,government,bank
Mergers and acquisitions of businesses as a tool to increase their value and competitiveness
ID number: J202112
Abstract: The article presents theoretical aspects of the essence of the concept of mergers and acquisitions (M&A), as well as a specific case and analysis of the synergy from the m&A transaction on the example of the merger of two companies in the media sector, the Walt Disney Company and 21st Century Fox. The analysis is performed by calculating and comparing financial indicators and multipliers based on the balance sheet, profit and loss statement, as well as on the basis of historical data on the value of shares of the Walt Disney Company and 21st Century Fox before and after the transaction.
Key-words: mergers and acquisitions, M&A transactions, operational synergy, horizontal merger, financial synergy, fair value of the transaction
Prospects for development of mergers and acquisitions in the field of consulting, audit and outsourcing
ID number: J202113
Abstract: The article defines the main vectors of development of mergers and acquisitions, analyzes the mechanisms of qualitative choice of development strategy. The algorithm for selecting a target company for international transactions is analyzed, and a table of ratios of goals and types of transactions is constructed. The information provided may be applied in practice by the company that is performing the merger.
Key-words: mergers and acquisitions, adaptation, strategic goals, transaction, development, criteria
Sociàl insurànce àgàinst unemployment throughout the Russiàn history ànd todày
ID number: J202114
Abstract: During its formàtion ànd existence, insurànce in the Russiàn Federàtion hàs undergone vàrious chànges, including unemployment insurànce. Màny modern scientists ànd economists hàve à similàr view of sociàl risk. Unemployment às àn event in à person's life is àlso àn event thàt is threàtening the well-being of à person. Sociàl insurànce àgàinst unemployment càn be returned to use to prevent this risk.
Financial manegment in oil&gas companies with international operations
ID number: J202115
Abstract: Companies with international operations on the oil&gas market have quite a specific management towards raw materials and semi-finished goods. This means that oil&gas companies tend to hedge their losses by using futures and options for crude oil or gas. Sometimes fixing the price at a certain level may suddenly lead to losses due to overestimation of oil prices for a certain period, but 99% of cases such losses are adjusted for potential losses that could have been made due to sone unfavorable events. Thus, Gazprom Neft PJSC had hedged millions in futures during COVID-19 March-May period. If not this risk adverse tool, losses for Gazprom Neft would have been much higher and lead to debt overweight, personnel cutting, negative revenues and even (the worst-case scenario) bankruptcy.
Mamakina Julia Aleksandrovna, Mizgireva Margarita Grigor’evna
Ensuring the economic security of the stock market
ID number: J202116
Abstract: The stock market is an important element in the country's economic system, which contributes to the redistribution of funds in the country. The Russian stock market is at the stage of development. This stage is determined by the following characteristics: an unstable mechanism of legislative regulation, distrust of potential customers, the dependence of the market on the capital of foreign investors. We believe that the development of the stock market is one of the factors for the economic growth of the national economy. For this reason, in this article, we made an attempt to determine the state of economic security of the stock market and formed recommendations to minimize threats.
Ñurrency risk management problems in the banking sector
ID number: J202117
Abstract: This article is devoted to the problems of foreign exchange risks and analysis of currency risk management in the banking sector. The state of the Russian foreign exchange market is considered, the dynamics of the dollar against the ruble is analyzed. The research examines the essence of hedging as a segment for managing foreign exchange risk, the key derivative financial instruments for risk management and the problems of their use.
Key-words: risks, banks, risk management, hedging, currency risk, methods of reducing currency risks, financial risks of banks
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