Foreign Members Research Articles

Особенности стратегирования предприятий индустрии спорта

The current state policy of the Russian Federation supports the development of physical culture and sports, in particular hockey, to solve a complex of social and political problems. Sport as a sphere and industry is changing rapidly due to various external challenges. Consequently, strategic management has to adapt to these changes and challenges. The current situation demands a clear strategic plan, not universal business models or outdated strategic methods. Sport is a business that requires complex management and a strategy. A sports team owes its success not only to its athletes but also to the proper strategic decisions. Unfortunately, the methodology of developing strategies for sports industry received little scientific attention. The present research objective was to identify effective strategies in the sports industry. This paper clarifies and systematizes many concepts and approaches to the strategy development that have been adapted for sports organizations with all their specifics. The authors propose a new scheme for sports industry strategy and a number of recommendations on the strategy development in the sports industry that can be recommended for practical application. The study relied on the general theory and methodology of strategizing developed by V.L. Kvint, Foreign Member of the Russian Academy of Sciences, Dr.Sc.(Econ.), at the Center for Strategic Studies of the Institute for Mathematical Research of Complex Systems, the Central Economics and Mathematics Institute of the Russian Academy of Sciences, the Department of Economic and Financial Strategy of the Moscow School of Economics of the Lomonosov Moscow State University, the Department of Regional and Sectoral Development Strategy of the Kemerovo State University, and the Department of Industrial Strategy of National University of Science and Technology “MISIS”.

Стратегирование выхода региона из дотационного экономического состояния на примере Кабардино-Балкарской Республики

Many Russian regions depend on gratuitous transfers from the federal center. These regions lag behind the average Russian level of economic development and standard of living, which creates uneven prerequisites for economic growth. In addition, such regions attract no investments, and the effectiveness of the use of federal money is often impossible to assess. These conditions lead to inequal economic development, living standards, and welfare in different regions, which creates social tension and hinders the economic growth of the whole country. The research relied on the theory of strategy and methodology of strategizing developed by V.L. Kvint, Foreign Member of the Russian Academy of Sciences and Honored Worker of the Higher School of the Russian Federation, whose projects have been successfully implemented in a number of regional and sectoral strategies. According to the general methodology of strategizing, new opportunities are determined by analyzing global, sectoral, and regional trends. The present research featured the subsidized region of the Kabardino-Balkarian Republic. The proposed term of subsidized economic condition made it possible to take into account the peculiarities of such regions during strategizing. The author developed some tools for assessing the effectiveness of the Kabardino-Balkarian Republic’s exit strategy from subsidized economy. The main strategic priority was to improve the quality of life in the region, as well as to increase the level of its financial independence. Conclusion. The analysis made it possible to identify and substantiate the theoretical features of strategizing the exit from subsidized economy, as well as to develop some tools for assessing the effectiveness of this strategy for the Kabardino-Balkarian Republic.

Стратегическое планирование экономического развития Китая

Strategic planning is one of the most important functions of strategic management. The state uses different strategic planning tools when developing and implementing strategies. China boasts one of the most effective best practices in strategizing, which can be expanded to other countries. This review covers the main approaches to strategic planning in China. The methodology relied on the theory of strategy and methodology of strategizing developed by Vladimir L. Kvint, Dr.Sc.(Econ.), foreign member of the Russian Academy of Sciences. The Chinese system of strategic planning takes into account the latest achievements of strategizing, including Dr. Kvint’s ideas. Its longterm, medium-term, and short-term development is compiled by the Academy of Sciences, research centers of the State Council, and the Committee for Development and Reform. Chinese regional development strategies are based on the modern global trends. However, the regions evaluate their own resources and development rates, as well as use estimates from various central and regional departments. The policy differs from region to region, depending on both objective factors, e.g., geography, and various subjective features. Large investments in R&D are a necessary part of innovation-driven strategy, but they not always ensure high innovation performance. In fact, Chinese R&D needs more attention to provide innovative development. The regional economic structure fails as a result of unbalanced regional development. Eastern China has better science and technology than the less developed Central, Western, and North-Eastern regions. However, the high population density and the close interregional collaboration compensate for the uneven development for the country, as well as provide a centralized management of economic growth and distributed research infrastructure. Conclusion. The experience of strategic planning in China can serve as a role model for other countries. The prolonged strategic interests, goals, and objectives increase the effectiveness and motivation. In addition, China is constantly developing the field of strategizing theory, methodology, and practice, thus increasing its scientific and innovative potential.

상사무례가 직무열의 및 반생산적 과업행동에 미치는 영향

Incivility in the workplace has become an issue among domestic and foreign corporate members. According to a survey, it is difficult to find members of an organization who have not experienced incivility in the workplace. Among them, in particular, incivility by the supervisor accounts for the highest proportion. This study aims to analyze the effect of commercial practices on job engagement and counterproductive work behavior for employees of Chinese restaurant companies. The counterproductive work behavior was investigated by dividing it into three types: counterproductive work behavior for customers(CWB-C), counterproductive work behavior for organizations(CWB-O), and counterproductive work behavior for organizational employees(CWB-I). The investigation period was conducted from February 1 to March 28, 2022. A total of 400 questionnaires were distributed, and 382 questionnaires were collected, of which 361 were used for the final analysis, excluding 21 were dishonest. The summary of the analysis results are as follows. First, it was found that supervisor’s incivility had a significant negative (-) effect on job engagement. This means that as you experience incivility from your supervisor, your subordinates' enthusiasm for the job decreases. Second, job engagement had a significant negative (-) effect on all three types of counterproductive work behavior. This indicates that the weaker the job engagement, the higher the three types of counterproductive work behavior. Based on these analysis results, a plan to improve the organizational culture of restaurants was proposed by presenting theoretical and practical implications of the study.

Board Diversity and Firm Performance: Evidence from Indonesia

This study aims to examine the impact of board diversity of company’s board of commissioner and board of director on the financial performance. This study was motivated by two factors. Firstly, there is limited number of studies associated to board diversity existence on company performance, especially in Indonesia. Secondly, the diverse board is not mandatory for companies in Indonesia as developing country, which means there is no obligation for companies to make a diverse boardroom. In this study, the board of diversity consist of board gender, board nationality and board age, while the firm performance is proxied by Return on Asset, Return on Equity and Tobin’s Q. This study used purposive sampling and the samples comprise all manufacturing and banking companies listed on Indonesia Stock Exchange during 2016-2017. By using independent t-test, this study found only the existence of foreign board members for both Board of commissioner and Board of Director which has impact on company performance. Meanwhile, the board gender and board age have inconsistent result on company financial performance. This study provides new insight for regulator and practitioner on the need of diverse board as a way to improve performance and enable them to manage the complexity within the company

Entrepreneurial structures of the extractive industry: foreign experience in environmental protection

Purpose. To propose measures on assessing the initial state of the environment based on the foreign experience of natural resources protection by business structures in the extractive industry (using the example of some countries that are members of the Organization for Economic Co-operation and Development (OECD). Methodology. In the course of the scientific research, the authors used a number of general scientific and special methods of cognition, such as analysis for critical assessment of approaches to the interpretation of the essence and necessity of nature protection; quantitative and qualitative comparisons to highlight the mutual impact of environmental protection measures used by companies of OECD member countries; scientific abstraction and systematization for setting out proposals regarding the application of the most successful measures for Ukraine, applied by OECD member countries. Findings. The authors considered the experience of foreign member countries of the OECD such as Kazakhstan, Australia, Canada, the USA in terms of the implementation of some international regulations on labor protection, local maintenance standards, the governments focus on cooperation with license holders for subsoil use operations. Originality. The authors suggested that the government of Ukraine pay attention to the measures introduced by Australia in terms of assessment of the initial state of the environment. Subsoil user companies should collect environmental information at the project planning stage in order to determine the factors that are subject to monitoring, further study, and control at the stage of liquidation of consequences after the termination of operations. Environmental information should include information on climatic conditions, geological data, soil data, hydrological data, data on vegetation, terrestrial and subterranean fauna, as well as information on socioeconomic conditions and cultural heritage sites. Practical value. The considered experience is also useful for Ukraine, since we have a significant part of enterprises in the extractive industry and the issues of environmental protection and nature management should occupy one of the first places in companies. The results of the research can be used by practitioners, scientists, and civil servants for further perspectives of the development.

Board diversity and intellectual capital disclosure in listed firms in Nigeria: The moderating role of ownership concentration

This study examines the moderating role of ownership concentration on the relationship between board diversity and intellectual capital of forty-four listed non-financial services firms in Nigeria during the period of ten years from 2011-2020. The descriptive statistics tool was used to obtain summary statistics for the variables in the study. Similarly, ordinary least square regresion was employed to examine the study's hypotheses using STATA 12 software. The finding of the study revealed that board education has a significant positive impact on intellectual capital disclosure. However, board nationality was discovered to have a significant negative impact on intellectual capital disclosure. The study also revealedthat board ownership has no effect on intellectual capital disclosure. The findings from the moderated model revealed that ownership concentration increased the negative impact of board education and board ownership on intellectual capital disclosure. The study recommends that in constituting the boards of these firms, board education background should be given top priority in order to ensure quality decision concerning intellectual capital. Likewise, in order to ensure quality decision making, non-financial services firms in Nigeria should ensure that there is increase in number of foreign members on the board and attend board meeting regularly. Also, there should be regulation as to the percentage of shares held by directors. Finally, management should consider the multiple roles of the concentrated ownership and board diversity when constituting the board. This will enable the management to carefully select, nominate, and appoint members of the board with great diversity which will ultimately lead to disclosure of intellectual capital.

Bölgesel ve Küresel Ortaklık ve İşbirlikleri Çerçevesinde Yabancı Uyruklu Öğrenci ve Öğretim Görevlilerinin Değişim Programlarına Katılımının İncelenmesi

International partnerships and global collaborations in the framework of foreign students and foreign faculty members in this study which examined the status of their participation in student and faculty exchange programs, foreign students and professors in question, as well as exchange programmes of students and lecturers who went from our country and abroad in the conditions of participation have been analysed. In this sense, participation in exchange programs is not only an academic-oriented initiative, but also a cultural activity. Due to the lack of laboratories and equipment, scientists who cannot conduct research and work with their own means in their institutions and countries are given the opportunity to conduct research and work in the laboratories of other institutions and countries. Key Words: Partnerships and Collaborations, Foreign Students and Lecturers

Institutional opportunities for the development of option programs for top management remuneration in the Russian Federation

In the context of the sanctions pressure on the economy of the Russian Federation and the opportunistic behavior of certain foreign members of the boards of directors, it is necessary to develop a national model of corporate governance in terms of remuneration of top management, the level of which in Russian corporations is currently focused on the practice of foreign companies, which entails significant overpayments and causes public complaints. Companies do not personalize the payments made, do not disclose the remuneration structure as a whole, nor do the criteria by which the amounts are determined, which are the overall performance of the company, generally, techno-economic. In the world practice, of remuneration of top managers there is a shift from direct cash payments to optional programs. In Russian practice, such programs are not sufficiently developed: there is a brief information about their use, but without explaining the details. The purpose of the article is to identify institutional opportunities for the development of options for the remuneration of managers of Russian companies, and its tasks — analysis of experience of application and possibilities of development of optional programs of remuneration of the top management of Russian companies, analysis of the legislative base for allocation of its shares. In the article applied methods of generalization, analysis and synthesis in the part of the study of methodical and legislative approaches to the identification of variants for the application of option programs. There has been shown that remuneration of stocks of top management in the Russian practice is possible through shareholder agreements.

Chinese foreign medical aid work should pay attention to heat stroke as a preventable disease under global warming context

Within the global warming context, heat stroke heavily threatens human health as the most severe type of heat-related illnesses. Despite the urgent onset, severe condition and poor prognosis, heat stroke is entirely preventable and treatable. Most of the recipient countries of Chinese foreign medical aid work are concentrated in the tropical and subtropical regions. It is necessary to popularize the knowledge of heat stroke and improve the ability of diagnose and treatment among foreign medical aid members, which is critical to enhance the quality of medical service and provide better medical care for recipient countries and workers in Chinese-funded institutions. This article reviews the latest research progress in the epidemiology, pathophysiology, diagnosis, and treatment of heat stroke to provide scientific reference for actively implementing interventions and reducing morbidity and mortality.

New challenges for Chinese foreign medical aid in the context of global warming: heat-related illnesses

Global warming poses an ever-increasing threat to human health, with heat-related illnesses affecting economically underdeveloped tropical regions, posing new challenges to Chinese foreign medical aid work in Africa. By improving the professional ability of foreign aid medical team members and paying attention to the prevention and treatment of heat-related illnesses, they can provide better medical services for recipient countries and Chinese migrant workers in Africa while ensuring their safety.

Audit committee members’ proximity to corporate headquarters and audit fees

PurposeThis study aims to investigate how audit committee members’ geographical location relative to corporate headquarters affects audit fees. The motivation for the paper rests on the observation that regulatory and market trends have significantly affected the composition of boards of directors and audit committees. To ensure that audit committees play their monitoring role, regulations now require directors’ independence and some level of financial expertise. The need to find directors who meet these requirements, as well as the advent of globalization and technological improvements lead firms to expand their reach when looking for directors.Design/methodology/approachThe authors use a sample of 1,517 firm-year observations of Canadian firms from 2008 to 2017. The study relies on multivariate analyses.FindingsThe results show that, among nonlocal audit committee members, the presence of foreign directors is associated with higher audit fees. In contrast, other nonlocal audit committee members do not have a differential impact on audit fees. This effect is more prevalent in large firms. Moreover, having a foreign chair of the audit committee as well as foreign audit committee members who are not accounting experts appear to accentuate the increase in audit fees. A possible explanation for the finding is that, from the supply side, auditors assign a higher risk to firms with a higher percentage of foreign audit committee members. Alternatively, from the demand side, firms with foreign audit committee members may ask for more audit effort. Further analysis indicates that having a higher percentage of foreign audit committee members is associated with a higher likelihood of restatements, an indication of low audit quality.Originality/valueTo the best of the authors’ knowledge, this study is the first to document that auditors price the location of audit committee members and consider it when planning for their audit.

King in the North: evaluating the status recognition and performance of the Scandinavian countries

The Scandinavian states’ pursuit of status in world politics is well documented. However, little is known about whether these endeavors have resulted in higher status for these states. In this article, we suggest that the Scandinavian countries represent a useful case to explore whether similar foreign policy profiles and common club membership equalizes or exacerbates the unequal distribution of status recognition in world politics. To measure the status recognition of Sweden, Denmark, and Norway, we use a network centrality measure of diplomatic representation and exchange from 1970 to 2010. We also measure how well the states have performed to increase their status recognition given their available status resources (measured by military capabilities and wealth) and their status-seeking effort (measured by relative diplomatic outreach). Our results show that Sweden has received significantly more recognition and performed much better than both Denmark and Norway in the measured period. We offer three explanations for these developments. First, the spoils of seeking status using the Scandinavian brand is akin to a regional zero-sum game in which Sweden, as the most visible state of the three, is the main beneficiary of the status recognition in the direction of the club. Second, status recognition often lags achievements or increases in status resources because the beliefs of foreign policy practitioners are only updated sporadically. This status lag is especially visible when states struggle to convert their resources into status (Norway), or when they succeed in maintaining their status despite experiencing a drop in status resources (Sweden). Third, an increase in status resources will only influence status recognition if it plays into a corresponding narrative. Sweden, in contrast to the nouveau riche Norwegians, has managed to rearticulate its foreign policy in a way that has attracted recognition in world politics.

The two members from the “Obstetrics, Gynecology and Reproduction” Editorial Board have been elected as Foreign Members of the Russian Academy of Sciences

On June 02, 2022, the results of the elections to the Russian Academy of Sciences (RAS) were announced. The two members of the Editorial Board of our Journal were elected as Foreign Members of the RAS: Professor Jean-Christophe Gris (France) specialized in hematology-hemostaseology and Professor Sam Schulman (Canada) specialized in hemostaseology. The most prominent foreign scientists who have received recognition from the world scientific community are elected as Foreign Members of the RAS. In total, according to the results of the 2022 elections, 48 scientists from 24 countries became new Foreign Members of RAS. The Editors of the Journal congratulate Professor Jean-Christophe Gris and Professor Sam Schulman with election as Foreign Members of the Russian Academy of Sciences.

Board Characteristics and performance of listed firms in Ghana

PurposeThis study aims to compare the impact of board characteristics on the performance of listed non-financial firms to the impact of board characteristics on the performance of listed financial firms (commercial banks) in Ghana.Design/methodology/approachThe fixed and random effects models with generalized least square specifications are used in estimating regressions to correct for heteroscedasticity and serial correlation. Additionally, this study uses lagged models of the board variables to address the possibility of the presence of endogeneity and to generate robust estimates.FindingsThe empirical results show some similarities and differences on the impact of board characteristics on the performance of listed non-financial firms and banks. On similarities, for both non-financial firms and banks, board size is seen to have a significant non-linear impact on Tobin’s q. Also, the proportion of foreign board members shows a positively significant relationship with firm performance for both listed non-financial firms and banks. The effect of the proportion of board members with higher educational qualifications on firm performance appears to be negative and statistically significant for both sample of firms. On the other hand, the impact of board composition and board gender diversity on firm performance differs from listed banks and non-financial firms.Research limitations/implicationsThe panel regressions for the listed banks were run on 63 observations because of the small sample size for the listed banks. Though enough for estimation purposes, inferences from results should be made with caution.Originality/valueThis paper, unlike most corporate governance – firm performance studies, focuses not only on listed non-financial firms but also on listed banks. From a multi-theoretical perspective, this paper provides a comparative analysis on the impact of board characteristics on financial performance of listed non-financial firms and banks.

Election of the Full Members (Academicians), Corresponding Members, and Foreign Members of the Russian Academy of Sciences

Election of the Full Members (Academicians), Corresponding Members, and Foreign Members of the Russian Academy of Sciences

CORPORATE GOVERNANCE CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY

This study aims to analyze the characteristics of corporate governance influencing CSR disclosure in banking. Implementing good corporate governance allows the company's stakeholders to receive accurate and transparent information about the company's internal conditions through CSR disclosure. Thus, good corporate governance can affect the company's relationship with its stakeholders to maintain long-term sustainability. The research sample obtained was 180 companies from banking sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. A multiple linear regression test was used to test the research model. The study results found that foreign ownership, state ownership, size of the board of commissioners, and the proportion of women on the board of commissioners significantly positively affected CSR.Meanwhile, the proportion of foreign members on the board of commissioners is known to have a significant adverse effect on CSR. In addition, the results showed that diffusion ownership, the size of the board of directors, the proportion of women on the board of directors, chairman of the board of directors, chairman of the board of commissioners, and the proportion of foreign members on the board of directors did not affect CSR. However, there are differences in the level of information disclosed. Furthermore, it can be concluded that the characteristics of corporate governance used in this study do not fully affect CSR disclosure in banks. This research enriches the existing literature, considering that the banking sector is often excluded from CSR studies because of its specific legal regulations and perceived small environmental impact. In addition, in developing countries, very few studies still analyze the effect of board characteristics on bank CSR disclosures. Furthermore, this study emphasizes important implications for the banking sector, shareholders, and regulatory bodies

Ценностные ориентиры в ст ратегии лидера молодежного проекта

Introduction. Youth projects become especially important in a situation of uncertainty since they create the country’s development potential. New leaders should be focused not only on their own well-being, but also on that of others. Therefore, the value orientations of youth leaders are of highest significance for strategizing. Study objects and methods. The present research featured the value orientations that leaders choose for the effective implementation of youth projects. The study was based on the theory of strategizing introduced by Professor Vladimir Kvint, Doctor of Economic Sciences, Foreign Member of the Russian Academy of Sciences. His strategic thinking methodology was used to perform a systematic analysis of the value orientations in the leaders of the National University Laboratories of Sustainable Development and Environmental Safety Project of the Russian Federation. Results and discussions. If leadership is a value-oriented quality, then a leader’s strategy should be based on objective values and ideals that define the leader’s choice. The value priorities of the youth project leader should take into account the values of society, the state, the region, and the team, its main goal being life-quality improvement. The proposed national system of university laboratories can develop effective value attitudes in its leaders. The project is carried out at the Saint-Petersburg State Agrarian University; it has been tested at various conferences, the public feedback was included in the annual Public Resolution on Environmental Protection and Development of the Russian Federation of the XII International Environmental Forum 2021. Conclusion. The national system of research and academic laboratories is capable of forming value-ecological and socially responsible leaders in different activity spheres on the global, national, regional, industrial, and corporate levels.

Strategic development of human potential at the regional level

Aim. The presented study aims to structure strategic planning documents at the global and national levels in the context of human development and to identify strategic priorities for human development.Tasks. The authors investigate the development of human potential in Soviet and modern Russia; systematize strategic planning documents adopted at the global and national level; examine global and national development goals and human development indices of several countries,including Russia.Methods. This study uses general scientific methods of cognition to consider strategic approaches to human potential development in various aspects. The study also uses the strategizing methodology developed by foreign member of the Russian Academy of Sciences (RAS), PhD in Economics, Professor V.L. Kvint.Results. The share of human potential in the capital structure is determined. The highest human development index is observed in the Scandinavian countries, the USA, Japan, several developed countries of Western Europe, and the CIS. The development of human potential in Soviet and modern Russia is investigated. Differences in the application of the human potential index for Russian regions are identified. The need for the interconnection of programs at the international and national levels is established when preparing documents. The importance of human potential forecasting in the development of strategic documents at the regional level is emphasized. The people and the population’s quality of life are the most important factors in making any management decision.Conclusions. Creating the necessary infrastructure for the development of human potential will boost the economic growth of any region. When developing programs and plans for each Russian region, it seems appropriate to be guided by the mission, vision, goals, and objectives that make allowance for existing resources, including human potential.

Comparative analysis of strategies of Chinese companies in the digital economy

With the progress of science and technology, the world is experiencing rapid digital transformation, new technologies and new business models are developing, digital technology and traditional industries are expanding their integration and involvement levels, and the economies and societies of various countries are increasingly entering the digital age. The overall scale of the world’s digital economy continues to grow, and the proportion of the digital economy is increasing, but the development between regions is uneven, and the problem of the digital divide is highlighted. The level of digital economic development is highly related to the overall level of economic development. The overall level of digital economy development in advanced economies is higher, the digital economy is larger, and the digital economy accounts for a higher proportion of the total domestic economy. It has entered a highly digitized stage, and the world’s major Internet companies and high-tech companies are also highly concentrated in these countries and regions. The article presents the results of a comparative analysis of the strategies of Chinese companies in the digital economy. The work was written in accordance with the strategy methodology of the Foreign Member of the Russian Academy of Sciences (Life-time), Dr.Sci. (Econ.), Professor Vladimir L. Kvint. The author pays considerable attention to the current state and forecasts of the digitalization of the Chinese economy, the connection between digital transformations and the growing need of the population to improve technologies that simplify their life. Based on statistical data, the author determines the advantages and disadvantages of existing digital technologies, states the deepening of their integration with the industrial sector. Analyzing the strategies of the largest digital campaigns, the author reveals the dynamics of the use of applications developed by them by citizens. In conclusion, a conclusion is made about the importance and rapid spread of digital technologies, as well as the need for states interested in their development to create conditions for the latter.