The goal is to develop a regional innovation model for managing the redistribution of transport flows through their local deceleration. Achieving this goal implies justification of the innovative approach as a key development factor; specificity of the innovative approach for motor transport networks; developing model of organizational efficiency and traffic safety; application this model to the organization and safety of traffic on Perm regional highways. The following methods were used in the article: data analysis method, mathematical modeling method, design and survey method, statistical method. In this paper, we present an innovative automated traffic light system that allows you to redistribute the load on the transport network by applying technical means of organizing traffic without changing the basic parameters of the carriageway.
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.
The book prepared for the purposes of The 2nd World Congress on Logic and Religion, organised by the Institute of Philosophy of the University of Warsaw.
The book contains the final version of the abstracts submitted by majority of speakers.
A 364-Day Calendar Encapsulated in the Liturgy of the Seventh Sabbath of the Betä Ǝsra’el of Ethiopia
As any other genre, academic paper can be characterized by its own specific rules and fitches. The authors assume that academic style fitches called in this research “style markers” can be modelled by means of ontology engineering. The article is aimed at describing the academic style markers ontology design and its practical using. The designed ontology is divided into two levels. The first level provides information about linguistic terms and the second level consists of style markers, which were suggested by experts in linguistic. It is assumed that two tasks will be solved on the basis of developed ontology. The first task is generating lexical-semantic templates, which is used to identify the list of markers in a text. Due to ontology approach and Domain Specific Language (DSL) technologies applying users can be able to extend and modify marker templates. The second task is developing an expert system rules for text style enhancement.
This study explores the recovery in the Market Value Added (MVA) of European companies after the recent global economic crisis in 2008–2009. It introduces empirical evidence that intangible-intensive strategy in human and relational capital reinforces speed of the after-crisis correction for companies. Based on a panel dataset of more than 1600 listed corporations this research aims to discover drivers of Market Value Added trends in 2011–2013. The established results contribute to the understanding of the advantages that companies can exploit for the recovery after systematic shocks of markets. Our study demonstrates that intangible-intensive strategy not always enabled faster recovery speed. Meanwhile, it provided year-to-year acceleration of MVA growth after crisis.
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.
This paper explores the relationship between socioeconomic factors—particularly, the rate of time preferences and alcohol consumption in Russia. The rate of time preferences shows an individual’s willingness to delay the utility from consumption to future periods of time. The relationship between this rate and indicators of alcohol consumption is examined separately for men and women. We find significant differences in men’s and women’s patterns of consumption of alcohol. Our findings suggest that the rate of time preferences, along with age, educational level, income, place of residence, and health substantially, affects an individual’s decision to drink alcohol. We show that employment status is endogenous to alcohol consumption and that estimating a system of binary equations is necessary.
Recovery after stroke relates tightly to the white matter integrity. Currently, the main methodology for non-invasive white matter integrity assessment is diffusion-weighted magnetic resonance imaging (DW-MRI), a state-of-the-art approach which is, however, prone to multiple limitations. Using DW-MRI, it was demonstrated that many pathways including corticospinal tract (CST) and corpus callosum contribute to structural brain reserve after stroke, but only a few of these tracts were found to be useful in the clinical practice. The most widely known measure is an asymmetry of the fractional anisotropy (FA) in CST at the level of the internal capsule, which could be used for predicting motor recovery in acute stroke. Recently, a new complementary motor component of the structural reserve, the so-called alternate motor fibers (AMFs), was proposed for motor recovery prognosis in stroke patients, and it was even reported to correlate with the effect of the transcranial direct current stimulation in chronic stroke. Here, we would like to point out a possible additional sensory interpretation of the AMF that appears plausible after taking into account technical limitations of DW-MRI approach, which may potentially give rise to different interpretations of the same results.
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.
In the era of the knowledge economy intangibles are recognized by investors as pivotal value drivers. This paper proposes an intangibles-based tool for picking companies with value growth potential.Design/methodology/approach
We suggest a model to select companies that effectively use unique intangibles (in contrast to the generic intangibles). To test whether these results can be explained by skill we implement a bootstrap procedure. Companies that are able to use unique intangibles efficiently are combined in a portfolio.Findings
Only 22% of companies have the skills to use unique intangibles, but all of them are characterized by the efficiency of their use. The created portfolio demonstrates a higher cumulative return, Sharpe ratio and lower drawdown than S&P500. We also find the increasing importance of intangibles for investors during the crisis.Research limitations/implications
Both the created portfolio and the benchmark (S&P 500 index) are analyzed without transaction costs. Also the benchmark construction is based on equal-weighted sum of company M/B ratios.Originality/value
We take into account the quality of intangibles (efficiency of unique intangibles use) while previous research of portfolio forming methods is based on quantity of intangibles.
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.
The purpose of of the paper is to explore consumers' willingness to purchase a processed food containing GM ingredients in Tajikistan.
The article examines how identity is represented through space in Anglo-Irish literature of the Troubles in the context of public multimodal public discourse. The paper addresses the structure and functions of the space in Anglo-Irish novels of the Troubles within the framework of visual and verbal identity. It also focuses on verbal and visual ways of identification of the place in divided society as it is represented by Anglo-Irish literature. The analysis of the novels demonstrated that place identity performed in the real life is represented in the novels and operate there not only as a recognizable landscape marker creating a historical background of the novels but performs several communicative functions. Visual and verbal identity represent community solidarity and unification. In case of identity cognition of the other community are associated with the threat. A more detailed view of four Troubles novels give a detailed picture of how place is conceptualized as an integral part of national identity.
We analyze the effect of pyramidal ownership levels on the performance of Chilean firms by considering the impact of business groups. Using an unbalanced panel of 1018 firm-year observations from 88 quoted firms for the period from 2000 to 2014, we find that higher levels of separation between ownership rights and control rights decrease performance in family firms that are not part of a business group. This result suggests that too much separation of ownership and control rights in family firms can result in deviant incentives for family members to extract private benefits. However, we also find that group affiliation reduces the negative impact of the separation of ownership and control rights in family firms, which corroborates the bright side of internal capital markets for these firms.
This paper analyses the relation between corporate risk-taking and firm performance for a sample of international listed firms over the period 2001–2013. We consider the approaches on individual behavior (specifically prospect theory) to propose a U-shaped relation between corporate risk-taking and firm returns. We find that firms adopt an attitude of risk-seeking when the expected performance is below a target performance (to avoid an anticipated loss) and an attitude of risk averse when the performance exceeds that target. This relation is affected by the economic context and the nature of the major shareholder: Firms controlled by families or institutional investors react more conservatively (taking or avoiding risk) to changes in corporate results. We are aware that our results, are affected by both the theoretical model and the temporal and spatial framework used.
Tajikistan is an active participant of international migratory flows since the breakup of the Soviet Union. The primary goal of the paper is to identify factors affecting labor migration to Russia as an important place of destination for Tajik migrants.