Influence factors on the financial performance of industrial organizations russia with regard to the state support of industry economy

Abstract

Inna Nikolaevna Rykova - National Research University "Higher School of Economics."

E-mail: rycova@yandex.ru

Denis Vladimirovich Korablev - National Research University "Higher School of Economics."

Roman Sergeevich Gubanov - National Research University "Higher School of Economics."

This article presents the results of empirical research of influence of parameters of functioning of activity of the organizations of the real sector of the economy on their financial results based on the experience of state support of industries of Russia and developing countries. On the basis of correlation analysis of data on volumes of shipment of products, goods, works and services of domestic enterprises, formed for the period from 2008 to 2015, were revealed peculiarities of changes in the economic performance of enterprises by type of activity.The determination of the degree of influence of factors on revenue, cost and corporate profit is one of the most challenging tasks in the management of financial results. It is possible to allocate a number of the most significant factors which will allow to solve this problem: the size of the short-term and long-term loans and credits, the amount of capital and reserves, accounts receivable organizations, the cost of products, the value of the assets.The relevance of this study lies in the fact that in the process of formation of financial results of the real sector of the economy, it is necessary to study not only the impact of equity capital and borrowed funds from external sources of funding, but the features of state support of selected industries: mechanical engineering, automotive engineering, aviation industry, metallurgy, timber industry, textile industry.The purpose of this article is to determine the factors that influence the cost, revenue, profit and other financial outcomes of organizations of Russian industry taking into account the efficiency of state support of the leading sectors of the economy.