Institutional Tool of Financial Policy: Contractual Policy

Nadezhda N. Makarova, Ekaterina I. Zubko, Larisa I. Bestuzheva, Ivan A. Chusov, Viktoria V. Surkova
European Research Studies Journal, Volume XIX, Issue 2, 310-319, 2016
EOI: 10.11214/thalassinos.19.02.031

Abstract:

Under the market conditions, the most important role in economic subject belongs to the financial aspect – therefore, effective decisions at the micro-level are pre-determined by financial policy, as realization of the strategy in the tactics of finances management is not possible if there’s none. Finances of economic subject are a component of the financial system of the Russian Federation. Together with the state financial policy, which is aimed at overcoming of consequences of the global financial crisis, there is financial policy of separate economic subjects and corporate structures.


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