THE SELF-FINANCING OF INDUSTRIAL ENTERPRISES IN THE CHELYABINSK REGION AS THE BASIS FOR THE INNOVATIVE DEVELOPMENT OF THE REGION
Authors
Olga Zubkova
Ural Socio-Economic Institute (branch) of the OUP VO “Academy of Labor and Social Relations”
Lyudmila Shaibakova
Ural State University of Economics
Keywords:
self-financing, net profit, depreciation, industrial enterprises, innovative development, technological development
Abstract
The level of innovative development of Chelyabinsk region should be based on the indicators of innovative development of local industrial enterprises. This article assesses the self-financing of the technical and technological development of industrial enterprises. The research analyzes the selffinancing potential of industrial enterprises in Chelyabinsk region, and the directions and rationality of this self-financing. Research methods include trend analysis, comparative analysis, and financial and the calculation of financial coefficients. The research substantiates the influence of self-financing of industrial enterprises in their innovative development. The use of self-financing can accelerating the pace of innovative development of the region. The study revealed that a number of industrial enterprises in the Chelyabinsk region do not provide self-financing for the development of intangible assets, R&D expenses, or investments in updating machinery and equipment, which reduces the potential for innovative development. The conclusions can be used for developing management decisions in financing and investment in regional industrial enterprises.
Author Biographies
Olga Zubkova, Ural Socio-Economic Institute (branch) of the OUP VO “Academy of Labor and Social Relations”
Associate Professor, Deputy Director for Academic and Educational Work, Professor of the Department of Economics
Lyudmila Shaibakova, Ural State University of Economics
Professor of the Department of Competition Law and Antimonopoly Regulation
