Socially responsible investment of nonmetallic materials mining companies in Ekaterinburg municipal district
ru
Original Article|Economics
AbstractFull textReferencesFilesAuthorsAltmetrics
Denis A. Malyavtsev
Russian Presidential Academy of National Economy and Public Administration (66, 8 Marta St., Ekaterinburg, 620144, Russian Federation)
The most important part of the modern economy is construction, which, in turn, cannot exist without materials called non-metallic. The industry of non-metallic building materials extraction is currently actively developing, which cannot but affect the social sphere, environmental situation and other aspects of life in the Russian society. Thus, the current state of the industry of non-metallic building materials, in particular, crushed stone, requires significant management decisions both at the level of the state and at the level of economic entities themselves.

The system-functional method, which allows us to study the activity of participants of economic relations in the aspect of axiological approach, is used as a determining method of research. The synergetic approach is also used, which allows us to assess the regularities of economic systems development. The choice of this methodological approach is due to the fact that this method of scientific knowledge allows us to reveal the integrity and complex nature of socio-economic policy of economic entities.

Figures of development of the non-metallic materials mining industry show a serious interest of the regional and national economies in it. Economic entities begin to solve not only production problems, but are also involved in solving social problems of the region and the country as a whole. At the same time, the study shows that the costs of socially responsible type of business activity are significantly higher than the costs of traditional type of business activity, and currently only large production associations can afford it.

The development of the industry cannot but be reflected in the socio-economic picture. Market leaders have begun to introduce a socially responsible approach to economic management, which can and should serve as a basis for the formation of state policy based on a value-based approach.

It is necessary to introduce a socially responsible approach of business entities, taking into account the accumulated experience of leading companies in the production of non-metallic construction materials. Given the dependence of production companies on supplies of foreign equipment and machinery, the profitability of such companies decreases, and the state needs to develop and introduce a comprehensive program to support socially responsible business, which, in turn, will help to solve serious social problems and prevent social conflicts. For this purpose, it is worth considering the possibility of providing socially responsible investors with various kinds of tax, financial and other benefits aimed at supporting business and minimizing the costs of mining and production of non-metallic construction materials.
Keywords: socially responsible investment, finance, non-metallic construction materials, state policy, investment, social partnership, mining industry development, support measures, tax benefits
УДК: 338.45
ВАК: 05.02.04
Article received: September 15, 2023
Article accepted: September 20, 2023
Kharov, O. E., & Levkova, N. S. (2010). Non-Metallic Materials for Road Construction. Stroitel’nye Materialy (Construction Materials), (1), 4–5. https://elibrary.ru/mbchhf.
Peshkova, G. Yu. (2015). The industry for the extraction of non-metallic building materials in the Leningrad region: Key program documents and development priorities. Scientific notes of the St. Petersburg University of Management and Economics, (4), 50–57. https://elibrary.ru/uxmzhr.
Nagin, A. S. (2010). The problem of supplying large construction companies with non-metallic materials. Mining Informational and Analytical Bulletin (Scientific and Technical Journal), (1), 55–59. https://elibrary.ru/ncrhqt.
Vokhmin, S. A., Kurchin, G. S., Volkov, E. P., & Zaitseva, E. V. (2012). Modern viewing of non-metallic building materials extraction in Russia. Bulletin of Higher Educational Institutions. North Caucasus Region. Technical Sciences, (4), 82–84. https://elibrary.ru/pajzir.
Fedorova, N. F., & Kashkinbaeva, A. B. (2019). Environmental protection during geological exploration work. In V. V. Zanozin, M. M. Iolin, A. Z. Karabaeva, & M. V. Valov (Eds.) Geographical Sciences and Education (pp. 123–126). Astrakhan State University. https://elibrary.ru/cbqwqh.
Strizhkova, L. A., Medvedev, V. P., & Sotnikov, A. V. (2021). Growth of Russia’s cement and cement building materials market. Russian Foreign Economic Journal, (3), 77–86. https://doi.org/10.24412/2072-8042-2021-3-77-86.
Butkevich, G. R. (2019). Industry of Nonmetallic Building Materials. Prospection. Construction Materials, (11), 32–36. https://doi.org/10.31659/0585-430X-2019-776-11-32-36.
Galieva, N. V., Bagautdinov, V. Sh., Korochkin, G. V., & Parshin, N. O. (2015). Development prospects for nonmetal construction materials industry. Mining Informational and Analytical Bulletin (Scientific and Technical Journal), (12), 187–193. https://elibrary.ru/vbbzkb.
Barchok, F. K., Mabwoga, S. O., & Kirui, S. (2022). Assessment of Socio-Economic Impacts of Stone Quarrying Activities in Narok Town Ward, Narok North Sub-County. East African Journal of Environment and Natural Resources, 5(2), 86–96. https://doi.org/10.37284/eajenr.5.2.976.
Dias, A., Nezami, S., Silvestre, J., Kurda, R., Silva, R., Martins, I., & de Brito, J. (2022). Environmental and Economic Comparison of Natural and Recycled Aggregates Using LCA. Recycling, 7(4), Article 43. https://doi.org/10.3390/recycling7040043.
Semenskaya, N. E. (2010). Problems of non-metallic building materials enterprises and ways to solve them. Stroitel’nye Materialy (Construction Materials), (7), 70–72. https://elibrary.ru/mthghx.
Benza, S. M. (2022). Forms of spatial organization of production, characteristic for the sphere of non-metallic building materials. International Research Journal, (9). https://doi.org/10.23670/IRJ.2022.123.25.
Lapshin, N. S., Vinogradov, I. P., & Dzyuric, D. O. (2018). Analysis of development trend in the market of nonmetallic constructional materials in the Russian Federation. Mining Informational and Analytical Bulletin (Scientific and Technical Journal), (7), 205–211. https://doi.org/10.25018/0236-1493-2018-7-0-205-211.
Mavlyutov, R. R., & Belyaev, M. K. (2022). Construction Complex in the New Economic Reality. Management Accounting, (11-3), 803–811. https://doi.org/10.25806/uu11-32022803-811.
Dias, A. B., Pacheco, J. N., Silvestre, J. D., Martins, I. M., & de Brito, J. (2021). Environmental and Economic Life Cycle Assessment of Recycled Coarse Aggregates: A Portuguese Case Study. Materials, 14(18), Article 5452. https://doi.org/10.3390/ma14185452.
Times citedRecent citationsField Citation RatioRelative Citation Ratio
© Article. Denis A. Malyavtsev, 2023.
This article is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.