Article ID Journal Published Year Pages File Type
981289 Procedia Economics and Finance 2014 6 Pages PDF
Abstract

The paper uses retrospective analysis in order to emphasize that XIX, XX and XXI centuries’ deepest global crisis were due to lack of regulation regarding finance and financial instruments. Meanwhile paper drives to a conclusion that since the said problem was reappearing again in certain time (which is known as Kondratyev's cycle) it can not be the main reason, provoking crisis. Than the idea is expressed that the main reason for crisis is “one-dimensional” management which focuses on maximization of short-term results which are measured only in terms of financial efficiency regardless of consequences. A few cases of Russian enterprise management are analyzed by means of both qualitative and quantitative instruments which helps to prove the justice of expressed hypothesis.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics