VolRC RAS scientific journal (printed edition)
RuEn

Journal section "Sustainable development of territories, branches, and production complexes"

Impact of the work of the largest chemical enterprises on regional economic development

Kopytova E.D.

6 (80), 2015

Kopytova E.D. Impact of the work of the largest chemical enterprises on regional economic development. Problems of Territory's Development, 2015, no. 6 (80), pp. 73-92

Abstract   |   Authors   |   References
The research performed by the staff of the Institute of Socio-Economic Development of Territories of RAS has shown that if metallurgical corporations serve only the interests of their owners and consolidated groups of taxpayers, it has a destructive influence on the formation of budget revenues. In these circumstances, the possibility of full implementation of social projects reduces, which leads to a slowdown of economic growth rate and increase in social tensions. The analysis of the processes going on at the largest enterprises is of particular relevance due to the fact that recent years witnessed the expansion of the use of new tools for the realization of economic interests of the owners. Moreover, this is happening on the background of exhaustion of the possibilities of recovery economic growth and a general slowdown of its pace. In order to make an accurate assessment of the influence of the interests of large owners, we believe it appropriate to expand the object of our research and analyze the largest enterprises of Russian chemical industry (OJSC PhosAgro and OJSC Acron). The research described in the paper was based on a methodological approach developed by the Institute of Socio-Economic Development of Territories of RAS, which consists in examining the influence of corporations’ performance effectiveness on national and regional socio-economic development. The article reveals main trends in the production of mineral fertilizers in Russia, analyzes the production and financial performance of chemical enterprises, assesses dividend policy and trends in the relationship between enterprises and the budget. The author used general scientific methods (logical, system approaches, structural-functional analysis, method of generalization), statistical methods (grouping, sampling, comparison, and synthesis), and graphs and tables for data visualization. The materials presented in the article can be used in scientific and educational activity, they can be of practical interest to the authorities when they develop industrial and fiscal policy concerning big business

Keywords

region, socio-economic development, chemical industry, budget revenues, influence of activity of enterprises

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