Tuesday, June 3, 2008

Russian financial industrial groups of Russia and its positive and negative economic impact analysis

From the world's economic development, financial capital and industrial capital are moving toward integration is not uncommon. Financial Industrial Group is the privatization of Russia's economic characteristics of the product, its emergence and development has its own logic. Securities privatization of the enterprise's internal control system to replace the traditional state-to-business monopolies, and the financial industry is a group of "internal control" the result of the development-oriented enterprises. On the one hand, the internal control of the enterprise managers and workers maintain the vested interests, the rejection of external access and thus unable to obtain much-needed reorganization of its own funds, privatization and a far cry from the original intention. Therefore, in the second phase of privatization in particular, in 1995, the Government's financial industrial groups can be seen as support for the establishment of an effective system of corporate finance and external oversight bodies attempt. On the other hand, with the collapse of the planned system, business managers, in fact, control of enterprises, while losing the support of the authorities. To fill this vacuum, in addition to relying on their enterprise, the enterprise must seek external financial or commercial institutions to support financial and commercial institutions are actively involved in the privatization of the enterprise's economic activities, in a bid to their activities into the framework of the law. In this way, there have been large-scale industrial and commercial enterprises and financial institutions to constantly strengthen mutual ties the trend. Clearly, the Russian financial industrial group since its independence in the implementation of the banking system reform and enterprise reform and privatization in the process of a special form of financial institutions, commercial banks and industrial enterprises in the development of relations between the product, reflecting the economic recovery and development An objective requirement.

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