Contemporary Issues in Business and Financial Management in Eastern Europe

Simon Grima, Ph.D (Melit.), MSc (Lond), MSc (BCU), B.Com (Hons) (Melit.), FFA, FAIA (Acad), is the Head of the Insurance dept, in charge of the Bachelor of Commerce in Insurance, the Bachelor of Commerce (Honours) and Master’s degree in Insurance and Risk Management and a Senior lecturer at the University of Malta. He served as the President of the Malta Association of Risk Management (MARM) between 2013 and 2015, and is the Current President of the Malta Association of Compliance Officers (MACO) since 2016. Moreover, he is among the first Certified Risk Management Professional (FERMA), is the chairman of the Scientific Education Committee of PRIMO and a member of the curriculum development team of PRIMIA in 2014. His research focus and consultancy is on Governance, Regulations and Internal Controls (i.e. Risk Management, Internal Audit and Compliance) and has over 30 years of experience varied between Financial Services and with public entities in academia, Internal Controls, Investments and IT. He acts as an Independent Director for Financial Services Firms, sits on Risk, Compliance, Procurement, Investment and Audit Committees and carries out duties as a Compliance Officer, Internal Auditor and Risk Manager.  Simon has acted as co-chair and is a member of the scientific program committee on some international conferences and is a chief editor, editor and review editor of some Journals and Book Series. He has been awarded outstanding reviewer for Journal of Financial Regulation and Compliance in the 2017 Emerald Literati Awards. Eleftherios I. Thalassinos, Ph.D., (UIC, Chicago), M.B.A., (De-Paul U Chicago), B.A., (U of Athens) a Jean Monnet Chair Professor experienced in European Economic Integration and International Finance. He is the Editor-in-Chief of ERSJ, a 21-years-old international publication, of IJEBA, a 5-years-old international publication, of ICABE, a 15-year-old international conference and editorial board member in various journals. His professional experience includes, quantitative analysis, technical and financial analysis, banking, business consulting, project evaluations, international business financing and shipping.  He has an extensive record of lecturing in several Universities around the world, participating in international conferences as a key note speaker, coaching Ph.D. students, cooperating in projects and scientific initiatives through a worldwide networking channel, the International Strategic Management Association, where he holds the position of the Chair of the Board of Directors. He has received two DHC Degrees from the University of Craiova and the Danube’s University of Galati as a recognition to his efforts to promote research and cooperation in former Eastern European countries. He has also received a Honorius Medal of high recognition from the Rostov State University of Economics. Among others he is organizing specific workshops promoting scientific research and writing tips to young researchers and academics. He has a long track of publications in many journals, collective volumes and chapter books. Among them a publication as a chapter book in the World Scientific Handbook in Financial Economic Series Vol. 5, dedicated to the memory of Late Milton Miller, Nobel prize winner in Economics in 1990. Parallel to his academic career he has performed as Banking Director for 12 years, Ministerial Advisor for 6 years, Public Servant for 4 years and independent consultant for a long time.

This volume contains 14 chapters on issues in business and financial management in Eastern Europe, contributed by economics and other scholars mainly from the Rostov State U. of Economics in Russia. They discuss the green economy and green finance; the digitalization of Russian banks; problems of fundraising for projects on cumulative damage repair in Russian regions; marketing models; competency-based management in a system of sustainable development of banks and financial and technology companies; the use of coenosis theory to design and analyze cost systems of an ordinary industrial enterprise; the prospects of treasury technologies in the current financial environments in Russia; individual entrepreneurship activity strategies; the problems of an optimal and economically grounded approach of the tax revenue distribution among the Russian Federation; key aspects of economics interaction of the world information economy and the features of the development of Russian society; the use of the economic capital model in a bank's capital assessment; corporate reporting formation at commercial organizations; and Karl Marx's concept of labor alienation.

• Editors' Note Chapter 1. GREEN ECONOMY: A PHENOMENON OF PROGRESS AND A CONCEPT OF ENVIRONMENTAL SECURITY;A.U. Albekov, T.V. Parkhomenko, A.A. Polubotko Chapter 2. GREEN FINANCE: TRENDS AND FINANCIAL REGULATION PROSPECTS; O.V. Andreeva, N.G. Vovchenko, O.B. Ivanova, E.D. Kostoglodova  Chapter 3. INFORMATION AND FINANCIAL TECHNOLOGIES IN A SYSTEM OF RUSSIAN BANKS DIGITALIZATION: A COMPETENCY-BASED APPROACH; N.G. Vovchenko, L.Yu. Andreeva, V.S. Kokhanova, O.T. Dzhemaev Chapter 4. PROBLEMS OF FUNDS’ RAISING OF PROJECTS ON ACCUMULATED DAMAGE REPAIR: EXPERIENCE FROM RUSSIAN REGIONS; N.G. Kuznetsov, N.D. Rodionova, M.A. Ponomareva Chapter 5. JUSTIFICATION ISSUES OF THE COMPANY’S MARKETING MODEL OF WINNING BUSINESS STRATEGY; V.A. Bondarenko, E.V. Pisareva Chapter 6. COMPETENCY-BASED MANAGEMENT IN A SYSTEM OF SUSTAINABLE DEVELOPMENT OF BANKS, FINANCIAL AND TECHNOLOGY COMPANIES; L.Yu. Andreeva, T.V. Epifanova, O.V. Andreeva, A.S. Orobinsky Chapter 7. ECONOMIC COENOSIS STABILITY: METHODOLOGY AND FINDINGS; A.N. Kuzminov, N.G. Korostieva, V.M.Dzhukha, O.A. Ternovsky Chapter 8. DEVELOPMENT OF TREASURY TECHNOLOGIES: RUSSIAN AND FOREIGN EXPERIENCE; T.F. Romanova, L.V. Bogoslavtseva, V.V. Terentjeva Chapter 9. ANALYSIS OF INDIVIDUAL ENTREPRENEURSHIP ACTIVITY STRATEGIES; Yu.G. Chernysheva, G.I. Shepelenko Chapter 10. THE FISCAL MECHANISM IN RUSSIA: DEVELOPMENT AND TRENDS; M.S. Basnukaev, Z.A. Klukovich, A.A. Mambetova, T.M. Dodokhyan Chapter 11. THE GLOBAL NATURE OF INTERACTION IN WORLD ECONOMY; I.N. Efremenko, T.V. Panasenkova, V.A. Larionov Chapter 12. THE ECONOMIC CAPITAL MODEL IN BANK’S CAPITAL ASSESSMENT; E.A. Posnaya, E.V. Dobrolezha, I.G. Vorobyova, G.P.Сhubarova Chapter 13. CORPORATE REPORTING FORMATION AT COMMERCIAL ORGANIZATIONS; N.T. Labyntsev, I.V. Alekseeva, E.M. Evstafjeva, R.G. Osipova Chapter 14. SCIENTIFIC PROJECTIONS OF K. MARX’S “CONCEPT OF ALIENATION”; S.S. Galazova