DOI: 10.33917/mic-6.107.2022.49-59

This article assesses the financial potential and corporate asset management policy of Severstal Corporation PJSC. A recommendation is given to change the current liabilities management policy from aggressive to moderate, which will lead to an increase in the financial stability of the enterprise, a decrease in the effect of financial leverage, as well as an increase in the weighted average cost of capital as a whole. The study conducted by the authors showed that Severstal Corporation PJSC has average estimates for almost all components of the financial potential of the corporation, therefore, it can be assigned an integral average level of financial potential.

References:

1. Eroputova O.A. Analysis and evaluation of cash flows from investment operations of PJSC Severstal. The Scientific Heritage. 2022;86-3(86):17-20.

2. Izzuka T.B., Tkachenko I.D. The impact of COVID-19 on the financial condition of metallurgical enterprises: problems and prospects. Economic sciences. 2021;195:67-77. (In Russ.).

3. Isaeva S.S. Assessment of the probability of bankruptcy by various methods on the example of PJSC Severstal (foreign practice). The world economy: security problems. 2017;3:25-29. (In Russ.).

4. Karkanitsa A.S., Strunnikova Ya.D., Rodionova D.V., Savinkina A.D., Kirdyanova D.I., Khayak A.A., Strunnikova A.D. Market model of shares of PJSC Severstal. Economics and entrepreneurship. 2020;1(114):767-769. (In Russ.).

5. Nikolaeva E.V., Pletnev D.A., Mirvakhedi S. The practice of assessing transaction costs: the case of PJSC Severstal. Bulletin of Chelyabinsk State University. 2020;6(440):204-211. (In Russ.).

6. Rykanin N.V. Overview of the metallurgical industry of Russia and the position of PJSC Severstal in it. Financial economics. 2021;4:194-197. (In Russ.).

7. Rykanin N.V. Prospective analysis of cash flows of PJSC Severstal. Natural sciences and humanities research. 2021;35 (3):278-284. (In Russ.).

8. Sapunova T.A., Koivistoinen A.A. Development of innovative financial strategy of PJSC Severstal. Economics and Business: theory and practice. 2022;6-2 (88):149-152. (In Russ.).

9. Cherednichenko A.S. Analysis of financial results of PJSC Severstal in terms of outsourcing of business processes. Modern Science. 2019;9-1:121-124.

10. Shuvarikov M.D. Principles of IFRS in the financial analysis of PJSC Severstal and PJSC NLMK. Economic security. 2021;4(3):839-852. (In Russ.).

DOI: 10.33917/mic-5.106.2022.50-61

This article discusses benchmarking as a continuous process of quality management and investment and innovation activities on the example of PJSC Severstal Corporation.

The definition of the concept of «benchmarking» is given, its purpose, tasks, stages of implementation are shown. A comparison of Russian and foreign approaches in benchmarking is presented.

The results of benchmarking are shown, which identified shortcomings and gave directions for improving the efficiency of PJSC Severstal. Companies need to bet more on R&D and get better results from it. In recent years, against the background of the pandemic and economic sanctions, PJSC Severstal faced a lack of funds for the modernization and reconstruction of production facilities, with a mismatch with the structure of supply and demand.

The authors propose to reduce costs, develop the metal products market and introduce innovative technologies.

References:

1. Al-Yavar A.A., Zharikov R.V., Bezpalov V.V. Improving the quality of products (services) of commercial organizations. Modern Economy Success. 2020;6:120-126. (In Russ).

2. Garipov A.S. The genesis of benchmarking in the time continuum. Bulletin of the Kazan State Financial and Economic Institute. 2007;4 (9):70-74. (In Russ.).

3. Devlet-Geldy G.K. Benchmarking as a tool for competitive development of modern enterprises. Problems of the economy. 2016;1 (71):42-46. (In Russ.).

4. Eroputova O.A. Analysis and evaluation of cash flows from investment operations of PJSC Severstal. The Scientific Heritage. 2022;86-3(86):17-20. (In Russ.).

5. Kozhemyako A.P. Benchmarking as a tool for analyzing target client groups. Quality management. 2020;4:314-322. (In Russ.).

6. May I. Knowledge management, production efficiency and benchmarking. Rationing and remuneration of labor in industry. 2010;7:52-55. (In Russ.).

7. Ostrovskaya V.N. Theory of SWOT analysis in competitive integration benchmarking. Economic sciences. 2008;47:64-67. (In Russ.).

8. Startseva M.V. The problem of using benchmarking in modern conditions. Economy and society. 2015;2-5(15):943-944. (In Russ.).

9. Silaeva A.V. Analysis of the financial results of the company’s activities on the example of PJSC Severstal for 2019-2021. A young scientist. 2022;23(418): 577-580. (In Russ.).

10. Tyupin N.A. Modern principles of benchmarking. Student. 2020:34-1(120):39-41. (In Russ.).

11. Chekeeva N.K. Benchmarking: conceptual apparatus. Bulletin of the Magistracy. 2017;12-3 (75):46-47. (In Russ.).

12. Shakirova N.N., Zhukovskaya S.L. Problems and possibilities of using financial benchmarking. Topical issues of the modern economy. 2022;4:609-616. (In Russ.).

13. Shuvarikov M.D. Principles of IFRS in the financial analysis of PJSC Severstal and PJSC NLMK. Economic security. 2021;4(3):839-852. (In Russ.).

14. Bezpalov V.V., Lochan S.A., Fedyunin D.V., Solopova N.A., Gorin D.S. Electric power industry development in the russian federation considering the structural trends of the world economy. Environment, Development and Sustainability. 2021.

DOI: 10.33917/mic-2.103.2022.58-64

The article considers the issue of forming the optimal structure of assets of manufacturing enterprises according to the goals of their owners. An original approach is proposed to optimize the structure of the company’s assets according to the criterion of maximizing their effectiveness for owners through the enterprise capitalization indicator.

To link the indicators of capitalization and profit from the existing assets of manufacturing enterprises of the manufacturing industry, the authors propose to create a multiple regression model, where the independent variable is capitalization (profit), the dependent ones are indicators of specific assets.

After finding the contributions (regression coefficients) of each asset, we propose to form their structure according to the principle of a portfolio approach, in which the efficiency indicator of all assets will strive to the maximum and at the same time the specific features of the enterprise in each case will be taken into account [10].

References:

1. Azrilinyan A.N. Big Economic Dictionary. M.: Institute of New Economics, 1997. (In Russ.).

2. Bezpalov V.V., Dorofeev A.Yu., Gorin D.S., Marien L.S. Designing stages of anti-crisis organizational engineering of agricultural enterprises within the universal management cycle. Journal of Applied Research. 2021;1(4):22-35. (In Russ.).

3. Blazhevich O.G. Turnover indicators and their significance for assessing the efficiency of asset use // Scientific Bulletin: Finance, Banks, Investments. 2018;4 (45):31-38. (In Russ.).

4. Brigham Yu., Erhardt M. Financial management: St. Petersburg: Peter, 2009. (In Russ.).

5. Voloshchuk L.A., Tkachev S.I., Monina O.Yu. Statistics. Educational and practical manual: Saratov, 2016. (In Russ.).

6. Van Horn D., Vakhovich D. Fundamentals of Financial Management: M.: Dialectics, 2020. (In Russ.).

7. Dorofeev A.Yu., Filatov V.V., Medvedev V.M., Shestov A.V., Fadeev A.S. Methodology for calculating the discount rate using the capital asset valuation model. Online journal of Science Studies. 2015;7(2 (27)):18. (In Russ.).

8. Mukhidov R.H., Simonova V.A., Filatov V.V. Initial public offering of securities as a financial instrument of Russian corporations for attracting investments // Collection of scientific papers Actual issues of economics, commerce and service, Kosygin Russian State University, 2021. pp. 124-128. (In Russ.).

9. Samuelson P., Nordhaus U. Economics: M: Williams, 2018. (In Russ.).

10. Simonova V.A. Methods of optimization of technological assets of business processes of industrial enterprises // Transport business of Russia. 2010;5:68-71. (In Russ.).

11. Simonova V.A. Efficiency assessment and optimization of business processes of food industry enterprises // Economics, statistics and computer science. Bulletin of UMO. 2012;2:177-183. (In Russ.).

12. Simonova V.A., Tomm V.A. Normative values of financial coefficients as a basis for the formation of the balance sheet structure of industrial enterprises // Modern humanitarian studies. 2013;4 (53):29-34. (In Russ.).