The feature of contemporary enterprises is an aspiration of achieving the competitive edge thanks to investments in the knowledge and innovation. Apart from investment in tangible capital, more and more enterprises undertake many initiatives directed at the development of the intellectual...

The feature of contemporary enterprises is an aspiration of achieving the competitive edge thanks to investments in the knowledge and innovation. Apart from investment in tangible capital, more and more enterprises undertake many initiatives directed at the development of the intellectual...

Building on the established Post Keynesian theory of the firm, we identify different stakeholders inside and outside the firm, and we assess their potentially conflicting objectives. Depending on the bargaining power of these different stakeholders, we can distinguish different macroeconomic...

The business enterprise in the real world wrestles with fundamental uncertainty and instability. Key enterprise decisions such as pricing, financing, and investment are thus made strategically rather than optimally. Heterodox economists are, however, divided in the account of business...

Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment outlined in the literature: enterprise ownership; corporate governance; market structures and competition;...

The paper is the first part of the study which is devoted to the analysis of the macroeconomic trends in the Russian Federation and the Republic of Armenia in the period 1995–2011 and the development of the aggregated macroeconometric models of the national economies of these two countries. We...

This study is aimed at creation of the macroeconometric models of the key macro-indices of the national economics of Russia and Armenia: GDP, inflation, export and import, the average wage, etc. The choice of predictors of these models is made according to findings from theoretical models...

In investment appraisal, uncertainty can be managed through intervals or fuzzy numbers because the arithmetical properties and the extension principle are well established and can be successfully applied in a rigorous way. We apply interval and fuzzy numbers to the Average Internal Rate of...

Decisions for substantiating the investments projects in agricultural sector are basedon the assessment of the business's profitability but also, of the economic risk assumed by theenterprisers. The paper presents a dynamic analysis model of the operating risk which is validatedin a case study...