Adaptive stability as the conceptual model for managing Russian corporate structures in modern geoeconomic environment
Olga Andreeva ()
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Olga Andreeva: Rostov State Transport University, Rostov-on-Don, Russia
Review of Applied Socio-Economic Research, 2014, vol. 8, issue 2, 13-28
Abstract:
This article represents the author's approach to provision of adaptive stability of corporate structures as the essential characteristic in a highly moderated geoeconomic uncertainty environment. The analysis of current theoretical and methodological background of modern corporate management, such as network economics theory, financial globalization theory, uncertainty theory within conspiracy theories group, economic and mathematical instruments in supporting management decision making, including a group of methods of fuzzy sets theory, risk management theory and modern aspects of finance and credit theory has demonstrated a principal change in properties and manifestations of economic systems, which allows to draw the conclusion that current risk management technologies are dysfunctional in modern geoeconomic environment due to manifestation of negative network effects, hypersystematic qualities of economics and limitations of available scale of implication of modern analytical instruments. Within the typological structure for types of stability of corporate structures the following types can be distinguished: non-adaptive instability, non-adaptive stability and stable adaptivity. According to the author, adaptive stability in development of corporate structures can be provided by the presumption of achieving the hormesis type reactions as the main criterion in the system of making management decisions. The type of stability of a corporate structure is determined by a system of linguistic variables as well as financial strategy parameters, because the kind and configuration of the engaged financial instruments in finansomics environment demonstrates some serious influence on the mechanism of management decision making, which is especially important when analyzing strategic objectives and vectors of movement of global financial capital. In practice building-up financial sovereignty with consideration of financial flexibility as well as provision of technological sovereignty with involvement of instruments, providing informational interaction and consulting, is essential for the stable development of corporate structures.
Keywords: network economics; uncertainty; network effects; hypersystem; extraterritorial organization; risk management; corporate structure management; financial globalization. (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2014
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