Main news

Chairman of the Supervisory Board of NII KPU E.Sh. Juraev joined the RSPP Board

The participation of representatives of the Research Institute of the Communist Party in the composition of the expert council on the import substitution of the State Duma of the Federal Assembly of the Russian Federation

Director of the Research Institute of the Communist Party became a member of the Council of the RF CCI on Intellectual Property

Chairman of the Supervisory Board of the CPMI was appointed as a member of the Expert Council on Import Substitution and Improvement of Innovation Public Procurement in the transport sector at the Ministry of Transport of the Russian Federation

The CPMI is included in the TK-481 of the Federal Agency on Technical Regulating and Metrology of Russia

Chairman of the Supervisory Board of the Research Institute of the Communist Party was appointed a board member of the MIC board of PPP Development

The Chairman of the Supervisory Board of the СPMI is appointed a member of the Expert Council on the software under the Russian Ministry of Communications of the Russian Federation

CPMI is included in TC 100 of Federal Agency on Technical Regulating and Metrology

Activities CPMI received a high rating

Heads of CPMI were included in Center of Monitoring of Peoples’ Front for Russia

Coordinated participation of CPMI Experts as experts of Government Commission on Fuel-Energy Complex

Skolkovo and CPMI are joining forces in solving issues on import substitution in RF

An article by the leading expert of the Control Department of the President of the Russian Federation, NII KPU expert Sergey Lutsenko, “The Influence of Information Signals on Future Profit”, was published in the journal Strategic Decisions and Risk Management (No. 4, 2019).

The article discusses the influence of information signals on the future profits of Russian companies. Information signals may influence the behavior of investors in assessing future profits. Profit in the future may be affected by indicators of internal growth and shock. Shock indicator allows you to take into account the situation when the company will move from debt financing to domestic sources of financing in order to reduce the level of loss of assets associated with the impact of shocks. Internal financing is carried out at the expense of the cheapest source - profits. It allows you to reduce the level of debt risk by adjusting the capital structure (repayment of part of the debt). Indicators of shock and domestic growth for investors are an information indicator of the company's development prospects.

According to the author, using the indicators “internal growth” and “shock” it is possible to assess the role of the management of Russian public companies when making decisions within the framework of an economic business strategy. Along with dividend payments, domestic growth and shock carry information about future profits to shareholder investors. In the framework of the presented research, the author concludes that the management of Russian companies strives to act in the logic of a precautionary motive (precautionary motive - the hypothesis of precautionary savings is a kind of buffer from negative influences (shocks) from external capital markets)) - the company's readiness to "switch" to internal sources of financing (saving money for domestic investment). The company creates an internal cash reserve in order to cope with lower losses associated with shocks affecting profit margins.

Read the full article in Expert Library NII KPU .