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dc.contributor.authorRobertie, Catherine de la-
dc.contributor.authorDanilov, Semyon-
dc.date.accessioned2018-06-22T09:39:48Z-
dc.date.available2018-06-22T09:39:48Z-
dc.date.issued2015-
dc.identifier.citationDe La Robertie, C., & Danilov, S. (2015). Methods of investment management in the Russian electricity transmission industry. International Journal of Economics & Business Administration, 3(1), 21-37.en_GB
dc.identifier.issn23817356-
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/31254-
dc.description.abstractThe paper surveys the methods of investment management in the Russian electricity transmission industry: state regulation and corporate planning of investment activity. The analysis of these two methods highlights their features, advantages and disadvantages. The investigation of the forecasting and investment decision process is given with regard to the electricity industry restructuring. The algorithm of interests’ alignment between the state and the electricity network company is provided through the mechanism of investment management. The analysis of the methods of investment management in electricity transmission in Russia shows that corporate planning of investment activity coexists on a parallel basis with state regulation of investment activity. Corporate planning conforms to the interests of the electricity network company. Elaboration of efficient investment programs is associated with the lack of reliable development forecasts, regional specific features, tight deadlines for preparing the investment programs, centralized investment decision-making. A French approach for organizing the state forecasting system in Russia is also presented in the research and could be of use in Russia. Corporate planning of investment activity in France defers the goals of state regulation due to the fact that investment decisions are eventually made by the Regulator, which manages the electricity transmission company. Investment decision process is characterized by a larger degree of social responsibility taken by the electricity network company when making an investment decision. For that a special attention is drawn to public relations, whose interests are taken into account at the initial stage of investment process.en_GB
dc.language.isoenen_GB
dc.publisherEleftherios Thalassinosen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectInvestments -- Management -- Russiaen_GB
dc.subjectElectric industries -- Russiaen_GB
dc.subjectBusiness planning -- Russiaen_GB
dc.subjectBusiness enterprises -- Russiaen_GB
dc.titleMethods of investment management in the Russian electricity transmission industryen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleInternational Journal of Economics & Business Administrationen_GB
Appears in Collections:IJEBA, Volume 3, Issue 1

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