ECONOMICS, MANAGEMENT AND ORGANIZATION OF CONSTRUCTION PROCESSES

Features of innovative development of a construction complex in the conditions of national economy modernization

Vestnik MGSU 3/2014
  • Alekseeva Ta'tyana Romanovna - Moscow State University of Civil Engineering (MGSU) Сandidate of Economic Sciences, Associate Professor, Moscow State University of Civil Engineering (MGSU), 26 Yaroslavskoe shosse, Moscow, 129337, Russian Federation; This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Pages 236-246

Today, one of the major tasks facing Russia is modernization of the national economy. The construction complex is one of the most important sectors of the national economy and it also needs innovative and technological rearmament. Transition of the construction complex to an innovative way of development is a difficult process. In the article the features of innovative development of a construction complex in Russia are considered. Innovative activity assumes the existence of certain types of resources, which in total are required for the solution of specific production objectives and reflect readiness of the construction organizations, the enterprises of building industry, design, research and other organizations within a construction complex, to their decision. The set of these resources represents the innovative potential of a construction complex. Innovative potential of a construction complex is presented by a set of components: fixed assets, construction materials, architectural and planning decisions, construction technologies, manpower, investment resources, organizational and economic mechanisms, administrative technologies. In the process of scientific research we carried out an assessment of innovative potential of a construction complex concerning the offered components. According to the results the problems of innovative development of a construction complex are revealed and the factors stimulating its transition to new technological mode are proved.

DOI: 10.22227/1997-0935.2014.3.236-246

References
  1. Asaul A.N., Batrak A.V. Korporativnye struktury v regional'nom investitsionnom komplekse [Corporative Structures in Regional Investment Complex]. Moscow, ASV Publ.; Saint Petersburg, SPbGASU Publ., 2001, 168 p.
  2. Innovatsionnye stroitel'nye materialy i tekhnologii: ikh vliyanie na razvitie gradostroitel'stva i gorodskoy sredy. Mirovoy opyt, rossiyskiy vzglyad [Innovative Construction Materials and Technologies: their Infl uence on the Development of Town Planning and Urban Environment. World experience, Russian View]. Doklad NIU VShE, Institut menedzhmenta innovatsiy [Report of Higher School of Economics, Institute of Innovational Management]. Moscow, 2013. Available at: http://imi.hse.ru. Date of access: 10.09.2013.
  3. Koshelev V.A. Osobennosti innovatsionno-investitsionnoy deyatel'nosti v stroitel'noy otrasli [Features of Innovative and Investment Activity in Construction Branch]. Ekonomika i upravlenie [Economy and Management]. 2009, no.5, pp. 191—194.
  4. Shlyakhto I.V. Otsenka innovatsionnogo potentsiala promyshlennogo predpriyatiya [Assessment of the Innovative Capacity of an Industrial Enterprise]. Vestnik Bryanskogo gosudarstvennogo tekhnicheskogo universiteta [Proceedings of Bryansk State Technical University]. 2006, no. 1, pp. 109—115.
  5. Yas'kova N.Yu., Kamenetskiy M.I. Krizis otechestvennoy modeli upravleniya stroitel'stvom i rynkom nedvizhimosti [Crisis of the Domestic Model of Management of the Construction and Real Estate Market]. Ekonomika stroitel'stva [Economy in the Construction]. 2009, no. 3, pp. 3—13.
  6. Yas'kova N.Yu. Innovatsionnye metamorfozy investitsionnykh tsiklov [Innovative Metamorphoses of Investment Cycles]. Ekonomika stroitel'stva [Economy in the Construction]. 2013, no. 3, pp. 49—59.
  7. Yas'kova N.Yu. Tendentsii razvitiya stroitel'nykh korporatsiy v novykh usloviyakh [Development Tendencies of Construction Corporations in New Conditions]. Nauchnoe obozrenie [Scientific Review]. 2013, no. 5, pp. 174—177.
  8. Chetverik N. Chto nam stoit dom postroit', ili Nuzhna li innovatsionnost' proektno-smetnoy dokumentatsii [It is as Easy as Pie to Build Castles, or whether Innovation of Design and Budget Documentation Is Necessary]. Smetno-dogovornaya rabota v stroitel'stve [Estimated-contract Work in Construction]. 2013, no. 11, pp. 56—60.
  9. Glaz'ev S.Yu. Mirovoy ekonomicheskiy krizis kak protsess zameshcheniya dominiruyushchikh tekhnologicheskikh ukladov [World Economic Crisis as a Process of Replacing Dominating Technological Modes]. Available at: http://www.glazev.ru. Date of access: 10.05.2013.
  10. Lipsey R.G., Carlaw K.I., Bekar C.T. Economic Transformations — General Purpose Technologies and Long-Term Economic Growth. Oxford University Press, 2005, 618 p.
  11. Filosofova T.G. Effektivnost' ispol'zovaniya lizinga v skhemakh modernizatsii [Leasing Efficiency in Schemes of the Russian Economy Modernization]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2011, no. 9, pp. 6—21.
  12. Syrtsova O.N. Lizing kak instrument modernizatsii ekonomiki Rossii [Leasing as a Tool to Modernize the Russian Economy]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2012, no. 8, pp. 14—29.
  13. Putin V.V. Soveshchanie po razvitiyu maloetazhnogo stroitel'stva ot 22 iyulya 2011 g. [Meeting on Low-height Construction Development from 22 July, 2011]. Putin. Itogi [Putin. Results]. Available at: http://www.putin-itogi.ru. Date of access: 12.12.2013.

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Institutional model of the management system of innovativedevelopment in a construction complex with use of innovative engineering

Vestnik MGSU 7/2015
  • Alekseeva Tat’yana Romanovna - Moscow State University of Civil Engineering (National Research University) (MGSU) Candidate of Economic Sciences, Associate Professor, Department of Economy and Management in the Construction, Moscow State University of Civil Engineering (National Research University) (MGSU), 26 Yaroslavskoe shosse, Moscow, 129337, Russian Federation; This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Pages 113-126

Today the national economy is facing the need of modernization. There is a problem of its transfer to an innovative way of development. The construction complex is one of the most important sectors of national economy. Now its innovative and technological rearmament is necessary. Creation and introduction of new technologies in a construction complex will allow improving the quality of construction production, its consumer characteristics, reliability and ecological safety. Also application of innovations in construction will provide energy efficiency of buildings and constructions. Application of institutional approach to the process of innovative development of a construction complex allows understanding better features of its functioning in modern conditions. In the article the institutional approach to innovative development of a construction complex is considered. The control system of innovative development of a construction complex with the use of innovative engineering from the point of view of institutional approach is considered. Its advantages are revealed and proved.

DOI: 10.22227/1997-0935.2015.7.113-126

References
  1. Asaul A.N. Problemy innovatsionnogo razvitiya otechestvennoy ekonomiki [Problems of Innovative Development of Domestic Economy]. Ekonomicheskoe vozrozhdenie Rossii [Economic Revival of Russia]. 2009, no. 4, pp. 3—6. (In Russian)
  2. Alekseeva T.R., Pastukhova Ya.Z. Innovatsionnyy potentsial stroitel’nogo kompleksa i ego struktura struktura [Innovative Potential of a Construction Complex and Its Structure]. Nauchnoe obozrenie [Scientific Review]. 2015, no. 8, pp. 270—274. (In Russian)
  3. Alekseeva T.R. Lizingovye tekhnologii v innovatsionnom razvitii stroitel’nogo kompleksa [Leasing Technologies in Innovative Development of Construction Complex]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2014, no. 5, pp. 152—161. (In Russian)
  4. Dolzhenko Yu.A. Metodicheskie podkhody dlya otsenki urovnya innovatsionnosti investitsionno-stroitel’nykh proektov [Methodological Approaches to Assessing the Innovativeness Level of Investment and Construction Projects]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2015, no. 2, pp. 178—186. (In Russian)
  5. Zagidullina G.M., Kleshcheva O.A. Razvitie innovatsionnoy infrastruktury investitsionno-stroitel’nogo kompleksa [Development of Innovative Infrastructure of an Investment and Construction Complex]. Izvestiya Kazanskogo gosudarstvennogo arkhitekturno-stroitel’nogo universiteta [News of Kazan State University of Architecture and Engineering]. 2011, no. 2 (16),pp. 271—277. (In Russian)
  6. Glaz’ev S.Yu. Mirivoy ekonomicheskiy krizis kak protsess zameshcheniya dominiruyushchikh tekhnologicheskikh ukladov [World Economic Crisis as a Process of Replacement of Dominating Technological Ways]. Sayt S.P. Kurdyumova [The site of S.P. Kurdyumov] Available at: http://spkurdyumov.ru/economy/mirovoj-ekonomicheskij-krizis/. Date of access: 12.03.2015. (In Russian)
  7. Syrtsova O.N. Lizing kak instrument modernizatsii ekonomiki Rossii [Leasing as a tool for modernization of Russian economy]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2012, no. 8, pp. 14—29. (In Russian)
  8. Lukmanova I.G. Metodicheskie osnovy transfera tekhnologiy v stroitel’noy otrasli [Methodological Bases for Technology in the Construction Industry]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2012, no. 3, pp. 193—198. (In Russian)
  9. Sannikova T.D. K voprosu o transformatsii institutsional’noy sredy innovatsionnoy deyatel’nosti v regione [On the Question of Transformation of the Institutional Environment of Innovative Activity in the Region]. Innovatsionnyy Vestnik Region [Innovative Herald Region]. 2013, no. 2, pp. 67—71. (In Russian)
  10. Filosofova T.G. Effektivnost’ ispol’zovaniya lizinga v skhemakh modernizatsii [Leasing as an Efficient Tool in Modernization Schemes]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2011, no. 9, pp. 6—21. (In Russian)
  11. Krutchankova K.A., Bukhtiyarova T.I. Institutsional’naya sreda innovatsionnogo razvitiya ekonomiki regiona [Institutional Environment of Innovative Development of Regional Economy]. Fundamental’nye issledovaniya [Fundamental Research]. 2013, no. 6-6, pp. 1485—1492. (In Russian)
  12. Timofeeva T.V. Institutsional’naya infrastruktura ekonomiki: metodologicheskiy aspekt issledovaniya [Institutional Infrastructure of Economy: Methodological Aspect of Research]. Izvestiya Volgogradskogo gosudarstvennogo tekhnicheskogo universiteta [News of Volgograd State Technical University]. 2005, no. 5, pp. 10—15. (In Russian)
  13. Kharisova G.M. Razvitie innovatsionnoy infrastruktury respubliki Tatarstan [Development of Innovative Infrastructure of the Republic of Tatarstan]. Izvestiya Kazanskogo gosudarstvennogo arkhitekturno-stroitel’nogo universiteta [News of Kazan State University of Architecture and Engineering]. 2010, no. 2 (14), pp. 360—365. (In Russian)
  14. Kamenetskiy M.I., Yas’kova N.Yu. Krizis otechestvennoy modeli upravleniya stroitel’stvom i rynkom nedvizhimosti [Crisis of the Domestic Model of Management of Construction and Real Estate Market]. Ekonomika stroitel’stva [Economy of Construction]. 2009, no. 3 (576), pp. 3—13. (In Russian)
  15. Lipsey R.G., Carlaw K.I., Bekar C.T. Economic Transformations — General Purpose Technologies and Long-Term Economic Growth. Oxford University Press, 2005, 618 p.
  16. Davis L., North D. Institutional Change and American Economic Growth. Cambridge, 1971, 803 p.
  17. Kamenetskii M.I., Yaskova N.U. Administrative Resources as a Factor in Improving the Efficiency of the State Administration System. Studies on Russian Economic Development. 2015, vol. 26, no. 2, pp. 124—131. DOI: http://dx.doi.org/10.1134/S1075700715020057.
  18. Levy M.J. Modernization and the Structure of Societies. Princeton University Press, 1966, 735 p.
  19. Meier G.M. Leading Issues in Economic Development. 6th edition. New York, Oxford University Press, 1995, 86 p.
  20. Eisenstadt Sh.N. Breakdowns of Modernization the Dynamics of Modern Society. J.G. William ed. New York, Basic Books, 1964, pp. 434—448.

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Assessment method of leasing economic efficiency in innovative development of a construction complex in comparison with crediting

Vestnik MGSU 8/2014
  • Alekseeva Tat'yana Romanovna - Moscow State University of Civil Engineering (MGSU) Candidate of Economic Sciences, Associate Professor, Department of Economics and Management in Construction, Moscow State University of Civil Engineering (MGSU), 26 Yaroslavskoe shosse, Moscow, 129337, Russian Federation; This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Pages 179-191

Construction complex as one of the most important sectors of Russian economy needs innovative and technological rearmament. For its accelerated transfer to an innovative way of development technological, material, financial, labor and other resources are necessary. Also there is a need of search of new administrative tools providing accelerated distribution of the sixth technological way in a construction complex. In our opinion, leasing is one of the factors of innovative development of a construction complex and one of effective administrative tools stimulating this development. In leasing transaction the owner of an asset temporarily transfers the right to use an asset to other party. The owner of an asset is a lessor. The other party is a lessee. The lessor makes the lease for a specified time in return for periodic rental payments from the lessee. One of the advantages of leasing is that it provides alternative to ownership. Also lessees benefit from a number of tax advantages. Leasing has many other advantages. The results of scientific research of leasing features are presented in the article in comparison with the credit in innovative development of a construction complex. Efficiency assessment criteria of leasing for innovations in construction are offered. The assessment method of economic efficiency of leasing in comparison with the credit as administrative tools in innovative development of a construction complex is developed and presented.

DOI: 10.22227/1997-0935.2014.8.179-191

References
  1. Asaul A.N. Problemy innovatsionnogo razvitiya otechestvennoy ekonomiki [Problems of Innovative Development in Domestic Economy]. Ekonomicheskoe vozrozhdenie Rossii [Economic revival of Russia]. 2009, no. 4, pp. 3—6.
  2. Alekseeva T.R. Osobennosti innovatsionnogo razvitiya stroitel'nogo kompleksa v usloviyakh modernizatsii natsional'noy ekonomiki [Features of Innovative Development of a Construction Complex in the Conditions of National Economy modernization]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2014, no. 3, pp. 236—246.
  3. Alekseeva T.R. Lizingovye tekhnologii v innovatsionnom razvitii stroitel'nogo kompleksa [Leasing Technologies in Innovative Development of Construction Complex]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2014, no. 5, pp. 152—161.
  4. Batrutdinov A.S., Fedoseev I.V. Lizing kak sposob finansovo-kreditnogo obespecheniya innovatsionnoy deyatel'nosti stroitel'nogo predpriyatiya [Leasing as Way of Financial and Credit Ensuring of Innovative Activity of a Construction Enterprise]. Problemy sovremennoy ekonomiki [Problems of Modern Economy]. 2006, no. 3/4, pp. 237—240.
  5. Glaz'ev S. Mirovoy ekonomicheskiy krizis kak protsess zameshcheniya dominiruyushchikh tekhnologicheskikh ukladov [World Economic Crisis as Process of Dominating Technological Ways Replacement]. Voprosy ekonomiki [Questions of Economy]. 2009, no. 3, pp. 26—38.
  6. Lukmanova I.G. Metodicheskie osnovy transfera tekhnologiy v stroitel'noy otrasli [Methodical Bases of Technologies Transfer in the Construction Industry]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2012, no. 3, pp. 193—198.
  7. Filosofova T.G. Effektivnost' ispol'zovaniya lizinga v skhemakh modernizatsii [Leasing as an Effective Tool to Modernize the Russian Economy]. Lizing. Tekhnologii biznesa [Leasing. Business Technologies]. 2011, no. 9, pp. 6—21.
  8. Yas'kova N.Yu. Innovatsionnye metamorfozy investitsionnykh tsiklov [Innovative Metamorphoses of Investment Cycles]. Ekonomika stroitel'stva [Construction Economy]. 2013, no. 3, pp. 49—59.
  9. Kamenetskiy M.I., Yas'kova N.Yu. Krizis otechestvennoy modeli upravleniya stroitel'stvom i rynkom nedvizhimosti [Crisis of Domestic Model of Construction and Real Estate Market Management]. Ekonomika stroitel'stva [Construction Economy]. 2009, no. 3, pp. 3—13.
  10. Lipsey R.G., Carlaw K.I., Bekar C.T. Economic Transformations — General Purpose Technologies and Long-Term Economic Growth. Oxford University Press, 2005, 618 p.
  11. Prokaeva I.G. Sravnenie effektivnosti lizinga i kredita [Comparison of Leasing and Credit Efficiency]. Problemy sovremennoy ekonomiki [Problems of Modern Economy]. 2013, no. 11, pp. 8—12.
  12. Miceli T.J., Sirmans C.F., Turnbull G.K. The Property-contract Boundary: an Economic Analysis of Leases. American Law and Economics Review. Oxford University Press, 2001, vol. 3, no. 1, pp. 165—185.
  13. Eisfeldt A.L., Rampini A.A. Leasing, Ability to Repossess, and Debt Capacity. The Review of Financial Studies. 2009, vol. 22, no. 4, pp. 1621—1657. DOI: http://dx.doi.org/10.1093/rfs/hhn026.
  14. Sumit Agarwal, Brent W. Ambrose, Hongming Huang, Yildiray Yildirim. The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence. Journal of Financial and Quantitative Analysis. Cambridge University Press, 2011, vol. 46, no. 2, pp. 553—584. DOI: http://dx.doi.org/10.2139/ssrn.1409129.

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Leasing technologies in innovative development of construction complex

Vestnik MGSU 5/2014
  • Alekseeva Tat'yana Romanovna - Moscow State University of Civil Engineering (MGSU) Candidate of Economic Sciences, Associate Professor, Department of Economics and Management in Construction, Moscow State University of Civil Engineering (MGSU), 26 Yaroslavskoe shosse, Moscow, 129337, Russian Federation; This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Pages 152-161

In the article the problem of financing innovative activity in the construction complex is considered. The essence of leasing as one of the factors stimulating transition of the construction complex to new technological way is shown. Leasing represents a special form of financing. In the leasing transaction the owner of an asset (lessor) temporarily transfers the right to use an asset to other party (lessee). The lessor makes the lease for a specified period of time in return for a periodic rental payments from the lessee. The article shows the advantages of leasing in the construction complex and its functions. For example, one of the advantages of leasing is that it provides alternative to ownership. Also lessees benefit from a number of tax advantages. We offered a model of leasing relations in innovative development of the construction complex. In frames of this model, in our opinion, it is expedient to assign functions of management by a leasing cycle in the construction complex to engineering companies, for the purpose of increase of efficiency of its innovative activity. The functions of leasing are specified and their classification in innovative development of the construction complex is presented. We proved a leasing role in modernization of the construction complex in the conditions of transition of national economy to an innovative way of development.

DOI: 10.22227/1997-0935.2014.5.152-161

References
  1. Asaul A.N. Problemy innovatsionnogo razvitiya otechestvennoy ekonomiki. [Problems of Innovative Development in the Domestic Economy]. Ekonomicheskoe vozrozhdenie Rossii [Economic Revival of Russia]. 2009, no. 4, pр. 3—6.
  2. Alekseeva T.R. Osobennosti innovatsionnogo razvitiya stroitel'nogo kompleksa v usloviyakh modernizatsii natsional'noy ekonomiki [Features of Innovative Development of a Construction Complex in the Conditions of National Economy modernization]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2014, no. 4, pр. 236—246.
  3. Alekseeva T.R. Razvitie maloy energetiki s ispol'zovaniem lizingovykh tekhnologiy [The Development of Small-scale Power Generation Using Leasing Technologies]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2013, no. 12, pp. 156—162.
  4. Glaz’ev S.Yu. Mirivoy ekonomicheskiy krizis kak protsess zameshcheniya dominiruyushchikh tekhnologicheskikh ukladov [World Economic Crisis as a Process of Replacement of Dominating Technological Ways]. Available at: http://www.glazev.ru. Date of access: 10.05.2013.
  5. Lukmanova I.G. Metodicheskie osnovy transfera tekhnologiy v stroitel’noy otrasli [Methodological Bases for Technology in the Construction Industry]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2012, no. 3, pp. 193—198.
  6. Zhuravlev M.V. «Energeticheskaya konstitutsiya», ili Ob aktual’nosti stroitel’stva miniTES [«Power Constitution», or On the Relevance of Constructing Mini-Thermal Power Station]. Seti i sistemy svyazi [Networks and Communication Systems]. 2007, no. 13, pp. 27—29.
  7. Filosofova T.G. Effektivnost’ ispolzovaniya lizinga v skhemakh modernizatsii [Efficiency of Leasing in Modernization Schemes]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2011, no. 9, pp. 6—21.
  8. Syrtsova O.N. Lizing kak instrument modernizatsii ekonomiki Rossii [Leasing as a tool for modernization of Russian economy]. Lizing. Tekhnologii biznesa [Leasing. Technologies of Business]. 2012, no. 8, pp. 14—29.
  9. Ibraeva A.A. Sushchnost' i funktsii lizinga v sisteme ekonomicheskikh otnosheniy khozyaystvuyushchikh sub"ektov [Leasing Essence and Functions in the system of Economic Relations of Economic Entities]. Problemy sovremennoy ekonomiki [Problems of Contemporary Economy]. 2010, no. 4 (36), pp. 196—199.
  10. Yas'kova N.Yu. Innovatsionnye metamorfozy investitsionnykh tsiklov [Innovative Metamorphoses of Investment Cycles]. Ekonomika stroitel'stva [Construction Economy]. 2013, no. 3, pp. 49—59.
  11. Yas'kova N.Yu., Kameneckii M.I. Krizis otechestvennoy modeli upravleniya stroitel'stvom i rynkom nedvizhimosti [Crisis of Domestic Model of Management by Construction and Real Estate Market]. Ekonomika stroitel'stva [Construction Economy]. 2009, no. 3, pp. 3—13.
  12. Miceli T.J., Sirmans C.F., Turnbull G.K. The Property-contract Boundary: an Economic Analysis of Leases. American Law and Economics Review. Oxford University Press, 2001, no. 3 (1), pp. 165—185. DOI: 10.1093/aler/3.1.165.
  13. Lipsey R.G., Carlaw K.I., Bekar C.T. Economic Transformations — General Purpose Technologies and Long-Term Economic Growth. Oxford University Press, 2005, 618 p.
  14. An Yan. Leasing and Debt Financing: Substitutes or Complements? Journal of Financial and Quantitative Analysis. 2006, vol. 41, no. 3, pр. 709—731. DOI: 10.2139/ssrn.302157.
  15. Adams A.T., Booth P.M., MacGregor B.D. Lease Terms, Option Pricing and the Financial Characteristics of Property. British Actuarial Journal. 2003, vol. 9, no. 3, pp. 619—635.

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Efficiency assessment method of financial leasing as a factor of innovative development of a construction complex for a lessee in comparison with a credit

Vestnik MGSU 2/2015
  • Alekseeva Tat’yana Romanovna - Moscow State University of Civil Engineering (National Research University) (MGSU) Candidate of Economic Sciences, Associate Professor, Department of Economy and Management in the Construction, Moscow State University of Civil Engineering (National Research University) (MGSU), 26 Yaroslavskoe shosse, Moscow, 129337, Russian Federation; This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Pages 153-167

Modernization and innovative and technological rearmament of a construction complex is one of the priority problems of national economy development. Development and implementation of innovative technologies in the process of creating construction production will allow improving its quality, consumer characteristics, ensuring energy efficiency and ecological safety of buildings and constructions. One of problems of innovative development of a construction complex is the problem of financing of innovative activity. In our opinion leasing is one of effective ways of its solving. In the leasing transaction the owner of an asset temporarily transfers a right to use an asset to other party. The owner of an asset is a lessor. Other party is a lessee. The lessor makes a lease for a specified time in return for a periodic rental payments from the lessee. One of the advantages of leasing is that it provides alternative to ownership. Also lessees benefit from a number of tax advantages. Leasing has many other advantages. The assessment method of the efficiency of financial leasing as a factor of innovative development of a construction complex for a lessee enterprise in comparison with the credit is shown in article. As a result of scientific research we specified the criteria of this assessment.

DOI: 10.22227/1997-0935.2015.2.153-167

References
  1. Asaul A.N. Problemy innovatsionnogo razvitiya otechestvennoy ekonomiki [Problems of Innovative Development in Domestic Economy]. Ekonomicheskoe vozrozhdenie Rossii [Economic Revival of Russia]. 2009, no. 4, pp. 3—6. (In Russian)
  2. Alekseeva T.R. Osobennosti innovatsionnogo razvitiya stroitel’nogo kompleksa v usloviyakh modernizatsii natsional’noy ekonomiki [Features of Innovative Development of a Construction Complex in the Conditions of National Economy modernization]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering ]. 2014, no. 4, pp. 236—246. (In Russian)
  3. Glaz’ev S.Yu. Mirovoy ekonomicheskiy krizis kak protsess zameshcheniya dominiruyushchikh tekhnologicheskikh ukladov [World Economic Crisis as a Replacement Process of Dominating Technological Ways]. Personal’naya stranitsa S.P. Kurdyumova [Personal Site of S.P. Kurdyumov]. Available at: http://spkurdyumov.ru/economy/mirovoj-ekonomicheskij-krizis/. Date of access: 10.05.2013. (In Russian)
  4. Lukmanova I.G. Metodicheskie osnovy transfera tehnologiy v stroitel’noy otrasli [Methodological Bases for Technology Transfer in the Construction Industry]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2012, no. 3, pp. 193—198. (In Russian)
  5. Filosofova T.G. Effektivnost’ ispol’zovaniya lizinga v skhemakh modernizatsii [Leasing Efficiency as a Tool of Modernization]. Lizing. Tekhnologii biznesa [Leasing. Technologies of business]. 2011, no. 9, pp. 6—21. (In Russian)
  6. Syrtsova O.N. Lizing kak instrument modernizatsii ekonomiki Rossii [Leasing as a Tool to Modernize the Russian Economy]. Lizing. Tekhnologii biznesa [Leasing. Technologies of business]. 2012, no. 8, pp. 14—29. (In Russian)
  7. Yas’kova N.Yu., Kamenetskiy M.I. Krizis otechestvennoy modeli upravleniya stroitel’stvom i rynkom nedvizhimosti [Crisis of Domestic Model of Management by Construction and Real Estate Market]. Ekonomika stroitel’stva [Construction Economy]. 2009, no. 3, pp. 3—13. (In Russian)
  8. Yas’kova N.Yu. Tendentsii razvitiya stroitel’nykh korporatsiy v novykh usloviyakh [Development Tendencies of Construction Corporations in New Conditions]. Nauchnoe obozrenie [Scientific Review]. 2013, no. 6, pp. 174—177. (In Russian)
  9. Lipsey R.G., Carlaw K.I., Bekar C.T. Economic Transformations — General Purpose Technologies and Long-Term Economic Growth. Oxford University Press, 2005, 618 p.
  10. Alekseeva T.R. Metodika otsenki ekonomicheskoy effektivnosti lizinga po sravneniyu s kreditom v innovatsionnom razvitii stroitel’nogo kompleksa [Assessment Method of Leasing Economic Efficiency in Innovative Development of a Construction Complex in Comparison with Crediting]. Vestnik MGSU [Proceedings of Moscow State University of Civil Engineering]. 2014, no. 8, pp. 179—191. (In Russian)
  11. Batrutdinov A.S., Fedoseev I.V. Lizing kak sposob finansovo-kreditnogo obespecheniya innovatsionnoy deyatel’nosti stroitel’nogo predpriyatiya [Leasing as Way of Financial and Credit Ensuring of Innovative Activity of a Construction Enterprise]. Problemy sovremennoy ekonomiki [Problems of Modern Economy]. 2006, no. 3—4, pp. 237—240. (In Russian)
  12. Ibraeva A.A. Sushchnost’ i funktsii lizinga v sisteme ekonomicheskikh otnosheniy khozyaystvuyushchikh sub”ektov [Leasing Essence and Functions in the System of Economic Relations of Managing Subjects]. Problemy sovremennoy ekonomiki [Problems of Modern Economy]. 2010, no. 4 (36), pp. 196—199. (In Russian)
  13. Kirkorov A.N. Metody opredeleniya effektivnosti finansovogo lizinga po sravneniyu s kreditom [Methods of efficiency estimation of financial leasing in comparison with a credit]. Lizing-revyu [Leasing-review]. 2000, no. 5/6, pp. 30—38. (In Russian)
  14. Nedogoda D.K. Lizing ili kredit: vybor sposoba finansirovaniya [Leasing or Credit: Choice of a Way of Financing]. Ekonomicheskie nauki [Economic Sciences]. 2007, no. 10, pp. 293—296. (In Russian)
  15. Prokaeva I.G. Sravnenie effektivnosti lizinga i kredita [Efficiency Comparison of Leasing and Credit]. Problemy sovremennoy ekonomiki [Problems of Modern Economy]. 2013, no. 11, pp. 8—12. (In Russian)
  16. Adams A.T., Booth P.M., MacGregor B.D. Lease Terms, Option Pricing and the Financial Characteristics of Property. British Actuarial Journal. 2003, vol. 9, no. 3, pp. 619—635.
  17. Eisfeldt A.L., Rampini A.A. Leasing, Ability to Repossess, and Debt Capacity. Review of Financial Studies. 2009, vol. 22, no. 4, pp. 1621—1657. DOI: http://dx.doi.org/10.1093/rfs/hhn026.
  18. An Yan. Leasing and Debt Financing: Substitutes or Complements? Journal of Financial and Quantitative Analysis. 2006, vol. 41, no. 3, pp. 709—731. DOI: http://dx.doi.org/10.2139/ssrn.302157.
  19. Miceli T.J., Sirmans C.F., Turnbull G.K. The Property-Contract Boundary: an Economic Analysis of Leases. American Law and Economics Review. Oxford University Press, 2001, no. 3, pp. 165—185. DOI: http://dx.doi.org/10.1093/aler/3.1.165.
  20. Agarwal S., Ambrose B.W., Huang H., Yildirim Y. The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence. Journal of Financial and Quantitative Analysis. Cambridge University Press, April 2011, vol. 46, no. 2, pp. 553—584. DOI: http://dx.doi.org/10.1017/S0022109010000839.

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