UDC 338.012: 330.5
DOI: 10.36871/ek.up.p.r.2024.04.06.009

Authors

Igor N. Korabeinikov,
Olga A. Korabeynikova,
Orenburg State University, Orenburg, Russia
Sergey V. Sidorenko,
Russian Academy of Sciences, Moscow, Russia

Abstract

The article studies the financial possibilities of modernizing industrial enterprises of the Russian Federation. The relevance of the research topic lies in the need to increase the competitiveness of industrial enterprises of the Russian Federation in a rapidly changing economic environment. Internal financial capabilities play a key role in modernizing production facilities, introducing new technologies, increasing production efficiency and improving product quality. Taking into account sanctions and changes in the global market, Russian industrial enterprises are faced with the need to update equipment, increase labor productivity and reduce costs. A study of internal financial opportunities for modernization of industrial enterprises in Russia will help identify potential for growth and determine development strategies that contribute to the sustainable development of the industry and the economy as a whole. Small, medium and large mechanical plants are considered as the object of research. The subject of the study is the economic, organizational, financial and production relations of modernization of industrial enterprises of the Russian Federation. The purpose of the study is to study the financial possibilities of modernizing industrial enterprises of the Russian Federation. The article proposes methodological support for studying the financial possibilities of modernizing industrial enterprises using the example of Russian mechanical plants. During the study, it was highlighted that in conditions of external restrictions and insufficient access to credit resources, industrial enterprises have the opportunity to modernize by using a mechanism to increase the share of cost in the enterprise's revenue. These opportunities depend on the volume of production of the enterprise and its diversification. This approach has a number of limitations, but in the realities of the current economic situation it can be used both by enterprises themselves and by government authorities to modernize production. The results of the study can be used for further research in the search for intra-organizational reserves for the development of enterprises.

Keywords

industrial enterprise, finance, opportunities, modernization, mechanical plant