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Review of Business and Economics Studies

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Vol 5, No 4 (2017)
5-19
Abstract
The paper studies the ‘first great discovery’ of Marx in works of his disciples and followers. We analyse the background and reasons for rejection of Marx’s economic doctrine by Western academia, on the one hand, and the rapid spread of Marxist philosophy, on the other. Unsystematic perceptions of the economic legacy of Marx, absolutisation in different periods of development of separate published works, their analysis in isolation from other writings of the founder of Marxism led to a certain simplification and vulgarisation of his views in the Social-Democratic literature of the late XIX-early XX century, as well as in Soviet economic literature in the years 1920-1980. Particular attention is paid to analysis of works of Marx’s followers, showing their role as a factor of promoting and vulgarising of his writings. There are also studied the factors that contributed to primitivisation of Marxism. Why did Marx have ‘no luck’ with the followers? Above all, it seems because he was looking for them among the working class. Those few whose did not come from the workers’ environment, unfortunately, did not have a fundamental economic education. Any departure from strictly economic objectivism perceived not only academic scientists, but also the social-democratic theorists as a retreat from historical materialism, the rejection of the basic precepts of Marxism. Mechanistic study of materialism in the knowledge of socio-economic phenomena, focus on the study of history as a natural-historical process led to an underestimation of social practice and its role in the transformation and development of society. Understanding history as a result of human activities left in the shadows. This is typical not only for Karl Kautsky, but also to some extent for the largest philosopher among the Social Democrats - Plekhanov. The spread of Marxism ‘in breadth’ has occurred to a much greater extent than it was allowed by existing economic, social and cultural conditions of the countries of Eastern Europe. But the same Russian reality has become a brake for the spread of Marxism in Russia ‘in depth’ for its development in an integrated and adequate primary source form. Finally, we analyse the causes of increasing interest to the scholarly Marxism in recent years.
22-36
Abstract
Traditionally, for the purposes of forecasting socio-economic phenomena are used econometric methods (methods). Much less frequently for these purposes, we used the methods of multidimensional comparative analysis, including the Wroclaw method of taxonomy. This methodology allows not only classifying the analyzed objects, such as countries or regions but also, taking into account time, to determine the trajectory of the actual development. By modeling the numerical values of variables one can determine a desired or optimal path of development. The third method of application of Wroclaw taxonomy is a ranking of the studied objects about the level of development. The article presents the fundamentals of the Wroclaw taxonomy and basic methodological issues that arise in its application.
37-45
Abstract
This paper aims at empirically examining the impact of bank-specific factors and macroeconomic variable on the Vietnam listed banks’ profitability over the period for 2007-2016 by using the ratios return on assets (ROA) as a proxy of profitability. A total 80 listed banks’ financial reports were analyzed and the statistical tool employed is the technique of linear multiple regression analysis. Empirical results found that bank-specific factors such as non-performing loan ratio, operating expenses to total assets ratio and total loan to total assets ratio have significant negative impact on the return on assets, while equity to assets ratio is found to have a positive significant impact. However, deposit to assets ratio and inflation ratio are found to be insignificant on affecting the profitability of banks.
46-53
Abstract
The subject matter of the research is the genesis of the methodology of stratification of modern civil society in Russia. The objective of the research is to analyze the methods of studying socium and isolating the strata of modern civil society. The methodology of the research is based on general and special methods of scientific knowledge: generalization, comparison, structural-functional (system) analysis. This article considers a wide range of parameters, combined in the factors of stratification such as political loyalty, economic well-being of the region and social tension. The stratum of modern civil society is treated as a form of classification of civil society, graded by focal features, characterizing the form of the state and its social structure: social, economic, cultural needs, political priorities; educational level; types of elitism; social guarantees of the state; gradation of consumption balance; activity in the protection of legitimate interests, rights and freedoms; conflictogenity of the socium [1, 2]. Social stratification is considered from the point of view of differentiation of large elements of the social structure of society into strata (layers), expressing their social ranking by income, education, status, social prestige and other objective and subjective criteria. The novelty of the research is determined by: Correlation of groups of factors (social, political, economic) and their weight significance in the formation and the conciliation of civil society strata interests; The introduction of the concept into the scientific use, the definition of the structural elements of the modern Russian socio-political public formation; presentation of its interdisciplinary evaluation in the context of analysis of socio-political problems of aligning the interests of strata of modern civil society in the Russian Federation; Study of the genesis of the stratification of civil society on the basis of the current characteristics of its strata for developing an interdisciplinary approach to analyzing the forms and intensity of social and political conflict, the problems of reconciling interests.
54-61
Abstract
This paper is devoted to analysis of short-termism in its influence on modern international finance and accounting practices. One might say that short-termism is a problem of a particular company and the market should correct this inefficiency in a usual way. However, many analysts and scientists suggest that it is problem of the society as well. Short-termism is not a recent issue in the world of finance and accounting, however, there are not many extensive researches available. The topic became more popular after 2008-2009 when financial crisis hit the financial world and made professionals analyze what went wrong, at what stage and why. The overview of main views on the issue is provided in the article. Main causes of focus on short-term outlook are reasoned in this work. Formal foundation of short-termism and main disadvantages of it is disclosed. In order to mitigate negative impact of short-termism it is recommended to implement three-part model.
62-70
Abstract
This article discusses the freedom of expression and the right to information that are constitutionally guaranteed. The authors emphasize that the use of the Internet is a right but the fact of depriving this right to the population constitutes a violation of rights and individual liberties of citizens and implicates the democracy.
71-76
Abstract
Through the lens of the “green growth” concept prepared by OECD and used in many developed countries, the article addresses issues of development and adoption of environmentally clean technologies with an appeal to the Russian legislation’s current trends. Enacted by laws and regulations, plans of the Russian industry for the transition to the principles of best available technologies demonstrate a significant progress towards improvement of environmental regulation.


ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)