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State owned theatres are balancing between maximizing attendance and revenue. Using Perm opera data we reveal an effect of price on demand for various types of performances and places. Using censored quantile regression we estimate parameters of demand function. We reveal that demand is weakly elastic by price. Moreover, we prove that estimates of demand function parameters are biased if we not control for quality of performances and seats and for limited capacity of a house.
This article presents the results of a research dedicated to the correlation between cultural values and economic attitudes (n = 110 people). The participants belonged to the young (18 – 25 years old) generation and the adult (37 – 63 years) generation of Russian people. The goal of the research was to reveal a correlation between cultural values and economic attitudes among representatives of different generations of Russians. It has been found that for the adult generation, the “Power Distance” value is positively correlated with economic self-determination and the desire of having money. For the young generation, the “Power Distance” value is not associated with the growth of the welfare, and “Uncertainty Avoidance” encourages economic autonomy but does not create more opportunities for increasing personal material income; “Masculinity” does not bring along the economic self-determination. The study has also demonstrated that economic paternalism is most expressed among representatives of the young generation, and they are more ready to take economic risks in order to increase their income, but the chances of making their personal financial income higher are not as big as those of the adult generation.
Purpose: The paper explores factors of the low competitiveness of Russian companies assuming that the gap in the endowment of intangible resources is responsible for the gap in competitiveness.
Design/Methodology: The framework of resources-based view is used to examine causality between the resources employed and competitiveness measured by Economic Value Added. Controlling for the most relevant factors, we place an emphasis on those intangible resources that are considered in the literature as being the most critical for Russian companies when contending for global competitiveness: productivity, strategic long-term orientation of companies, quality of human capital, innovative behaviour of companies, foreign investments, and corporate networks. The dataset of more than 1000 Russian companies benchmarked to the dataset of more than 1600 European companies during a period of 10 years: 2004-2013 is analyzed to test the hypothesis put forward.
Findings: Causal effect of the gap in intangible endowment and competitiveness of Russian companies compared with European rivals is revealed. According to our analysis, gaps in productivity, strategy implementation, qualifications of the board of directors and company location play critical roles in the global competitiveness of Russian companies. Meanwhile, underinvestment in structural resources, like those such as ERP systems and other intangible assets, are considered positive factors that reduce gaps in EVA.
Originality/value: The paper introduces original approach for studying the gap in performance caused by gap in employed resources.
The issue of capital city relocation is a topic of debate for more than forty countries around the world. In this first book to discuss the issue, Vadim Rossman offers an in-depth analysis of the subject, highlighting the global trends and the key factors that motivate different countries to consider such projects, analyzing the outcomes and drawing lessons from recent capital city transfers worldwide for governments and policy-makers.
This research combines theories of civil society and local self-governance in describing citizen participation in solving neighborhood problems. Similar to neighborhood associations elsewhere, in Russia “organizations of territorial social selfgovernance” (TOS) have been formed to facilitate citizen participation in improving their communities. This research presents the first ever study of TOS across all Russian regions, drawing on a range of secondary data, lists of registered groups, and a phone survey of potential collaboration partners conducted in 2015. This paper explores the current state of these groups and their potential for collaboration with other civic organizations, government and business.
In the course of the last few years, the Russian society has been going through a stage of political, cultural and economic transformations that bring changes into the lifestyle, attitudes, and worldview of Russian citizens. The process of development has embraced not only science and technology, but also the social and cultural aspects of life. The contemporary image of Russia is in many ways defined by its younger generation that grew up within new economic, social and political standards. Young people’s values, attitudes and aspirations differ from those of the adult generation of Russians, since the last years have been marked by transformations inside the country, as well as by some global changes. The paper demonstrates the results of a study which aimed to identify the relationship between individual values and attitude towards innovation. 380 respondents, young and adult representatives of the Russian population, took part in the research. The respondents belonged to the younger generation (under 25 years old) or to the adult generation (over 45 years old). The principal instrument used was the method of questionnaires. The methodic inventory consists of three main blocks oriented to the study of the following constructs: the PVQ-R method of measuring individual values (Schwartz et al., 2011) and the method of “Self-assessment of innovative qualities of a personality” (Lebedeva, Tatarko, 2009).The goal of the research is to reveal the age differences in values and attitudes towards innovation, and to find out which values determine positive or negative attitude towards innovations among representatives of different generations of Russians. The younger generation values "Self-Direction Thought", "Stimulation", "Achievement", " Power Dominance" stimulate the adoption of innovations.
This study explores the value creation and agent conflict in a company that employs intangibles. The conceptual model of value creation is used to test how intangibles affect companies' outperforming and simultaneously build investors' expectations. The research is carried out using a sample of more than 1,650 European companies covering the period from 2004 to 2011. The study reveals the diverse impact of intangibles on the outperforming of a company by Economic Value Added (EVA) and its ability to create market value (MVA). The study discovers that managers are prone to set positive signals for investors rather than create sustainable competitive advantages. This work contributes primarily to the field of corporate governance in companies that employ intangibles. The issues to be considered when designing rules and incentives for proper communication between managers and investors that drive both outperforming and sustainable value creation are emphasized.
Studying the heterogeneity of consumers allows to price the product differently for consumer segments or groups of a product. In this paper we estimate a model of aggregate demand for Perm Opera and Ballet Theatre focusing on the heterogeneity in price effect on demand for tickets on different performances and seats. We estimate parameters of demand function using censored quantile regression that accounts for the limited capacity of the theatre house. We reveal the price effect variation across different types of theatrical productions and seats with lower elastic demand on ballets and for seats of higher quality.
This volume deals with one of the most understudied aspects of everyday life in Russian society. Its main heroes are the providers of goods and services to whom people turn for healthcare instead of official medical institutions. A wide range of agents is described—from network marketing companies to 'folk' journals on health as well as healers, complementary medicine specialists, and religious organizations.
Krasheninnikova’s book is based on rich empirical observations and avoids both positive and critical assessment of the analyzed phenomena. Her investigation pays particular attention to the legal, social, and economic status of informal healthcare providers. She demonstrates that these agents tend to flourish in bigger towns rather than in small settlements, where public healthcare is lacking. The study reveals the important role of institutions that are generally not related to alternative medicine, such as pharmacies, libraries, and church shops.
The result is a vivid and thorough introduction to the world of self-medication and alternative healing in contemporary Russia. A special emphasis was made on the flexibility of boundaries between formal and informal healthcare due to the evolution of rules and regulations.
Purpose: the paper aims to theoretically justify the link between the endowment of intellectual capital and product novelty, and to find empirical evidence for such a link for SMEs in the Russian business environment.
Design/methodology/approach: the study implements an intellectual capital based view and the concept of novelty proposed by Schumpeter to highlight the crucial role of knowledge for transition to a higher level of competition. Drawing on a literature review, the authors determine three specific components of intellectual capital: foreign human capital, ICT capital developed at an international level and cooperation with foreign partners in order to pinpoint a premier position on the next level of the market. For empirical testing of the proposed model, a dataset comprising more than 1400 Russian manufacturing SMEs was used. Estimations were performed with the help of a principal component analysis and ordinal logistic regression.
Findings: the findings reveal that higher intellectual capital endowment promotes the level of product novelty. For Russian manufacturing SMEs, the most important is R&D capital. At the same time, ICT capital developed at an international level and cooperation with foreign partners contribute significantly to the probability of transition to a new market level.
Research limitations/implications: the study employs cross sectional data that restrict the analysis of innovation dynamics.
Practical implications: the study appears to have policy implications for the development of governmental programmes for Russian SMEs such as the creation of IC awareness, training for IC management, special programmes for R&D support and ICT capital accumulation.
Originality/value: this paper proposes a new approach for investigating the “knowledge-innovation” link, shifting the focus from a general analysis of product innovation to a level of novelty for product innovation. This is the first empirical study of the relationship between intellectual capital components and the level of product novelty for SMEs in the context of the Russian business environment.
Nowadays, mind mapping is rather popular educational technique. Like any other learning tools, mind maps became a part of modern educational trends like blended learning and computer-supported collaborative learning. Lots of mind mapping software tools are adopted to teaching and learning routines such as educational content delivery or assessment. This paper focuses on the additional automatic evaluation of digital educational mind maps gained from the existing procedures of assessments. The review of automatic graders which support the evaluation process demonstrates that some systematical work is done in automation grading by comparing students’ mind maps with a template. But lots of questions about automatic mind maps’ scoring by retrieving the data from a scored mind map are still open. This paper introduces the automatic grader for educational mind maps (AGEMM) which acts like a teacher’s assistant and calculates several quantitative metrics. The AGEMM is implemented as a web-service and interacted with mind maps prepared in the Coggle web-service through its API. The AGEMM is adopted to a bachelor course. Results demonstrate that scores from the AGEMM may be transformed to scales or criterial levels which are used to evaluation. Moreover, the AGEMM application revealed several problems and shew lines of development which we discuss in the paper.
This article examines theoretical aspects of the co-production concept and illustrates its applicability within the framework of place marketing and tourism. A theoretical exploratory technique based on literature and discussion is employed to propose a conceptual model on residents’ willingness to be engaged in co-production activities.
Sustainable public procurement (SPP) is a process of purchasing goods, services, works and utilities for public needs in a way that ensures benefits not only to the organization, but also to society and the economy, whilst minimizes damage to the environment. SPP can be part of the overall mechanism of sustainable development. The purpose of this paper is to investigate how SPP can contribute to sustainable development, what is the legal framework for it, what factors promote and inhibit SPP, how SPP can be implemented in practice. By analyzing regulatory legal acts, the international SPP experience, a large body of international academic research and reports of international organizations involved in the promotion of SPP, we advance two key features that make public procurement an effective mechanism of sustainable development: (1) the scale of public procurement and (2) the power and authority of procurement bodies. We distinguish between several different schemes of legal support of SPP. The main drivers of SPP are leadership, clarity of strategies and plans that articulate SPP goals, the legislative support of the SPP process, and the information support of procurement specialists. Our review of international experience in SPP is expected to contribute to a more vigorous implementation of SPP by procurement authorities.
In today's fast-moving world, project management gradually covers one activity after another. Increasingly, projects are the major components of the organization. Over time, projects are becoming more complex and dynamic, often, to achieve this goal it is necessary to implement a whole range of projects. Successful implementation of such projects, in most cases is only possible when using the approach to management based on values, the correct application of which makes it possible to optimize and balance the activities of the organization to achieve strategic and tactical objectives. This article discusses the application of value driven project portfolio methodology.
This study is devoted to the analysis of ownership concentration as the mechanism of corporate governance and its impact on corporate performance. We estimated the concentration through the Herfindahl-Hirshman Index, whereas corporate performance indicators are measured trough ROA and Tobin’s Q. Based on the data of Russian public companies during 2004-2013 years, we found out that high concentrated companies outperform firms who have distributed shareholders. According to the results ownership concentration could be considered as the instrument compensating drawbacks of the institutional environment on emerging markets.
The present publication consists of two reports on a common topic,
The problem of inter-generational distinctions in values is actual in modern Russia. Since the middle of the 80-90th years of the XX century the valuable gap between generations is observed. The aim of the work is to generalize the theoretical researches on a problem of existence/lack of inter-generational distinctions in values and to conduct the empirical research directed on identification of a valuable gap between generations. 380 people acted as respondents in this research: representatives of adult generation and youth of Russia. The hypothesis of existence of inter-generational distinctions in individual values of Russians was confirmed during the research. Values "Independence of thought", "Stimulation", "Universalism", and "Universalism: tolerance" prevail among youth. Among adults the values expressing interests of group prevail: "Tradition", "Benevolence: care" and valuable orientation "Modesty"