Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)

New Industrialization: Financial and Legal Problems of Reserve Creation in Modern Public Corporations

Authors
Margarita Irizepova
Corresponding Author
Margarita Irizepova
Available Online January 2019.
DOI
https://doi.org/10.2991/sicni-18.2019.32How to use a DOI?
Keywords
financial reserves; reserve funds; state corporations’ reserves; financial reserves of state corporations; special reserve funds of corporations
Abstract

The ideas of new industrialization when the combination of an employee, computer equipment and automated tools form a new technetronic triad must necessarily include new approaches to the functioning of this triad in the modernized financial environment. Moreover, this modernization is connected with a new attitude to financial reserves, without which a sustainable economic growth in any economic system is impossible. Nowadays a number of issues of dealing with financial reserves do not have a proper theoretical study. The terms by which they are described are often incorrect (for example, there is no unambiguous understanding of how ‘reserves’ differ from ‘reserve funds’), the statistics equate reserves with expenditures in the system of financial flows, although in essence they represent their own element that requires a separate statistical group, there are no reliable classifications of their varieties, etc. In this paper the author draws attention to two important theoretical aspects: the terminological status of reserves and reserve funds, which are created in domestic state corporations, and the features of the created reserves functioning in the form of temporarily free funds. The results of the analysis should attract the attention of theoretical economists to the question whether it is necessary to burden the real production with the creation of financial reserves for what purposes, what their optimal volume should be, and how they should be described in the legal documents.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
January 2019
ISBN
978-94-6252-654-9
ISSN
2352-5398
DOI
https://doi.org/10.2991/sicni-18.2019.32How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Margarita Irizepova
PY  - 2019/01
DA  - 2019/01
TI  - New Industrialization: Financial and Legal Problems of Reserve Creation in Modern Public Corporations
BT  - Proceedings of the 2nd International Scientific conference on New Industrialization: Global, national, regional dimension (SICNI 2018)
PB  - Atlantis Press
SP  - 161
EP  - 164
SN  - 2352-5398
UR  - https://doi.org/10.2991/sicni-18.2019.32
DO  - https://doi.org/10.2991/sicni-18.2019.32
ID  - Irizepova2019/01
ER  -