Economic sustainability of state-owned enterprises as basis of sustainable economic development

Abstract

The main purpose of the paper is to analyze the problems of effectiveness improvement, sustainability and development of Russian state-owned enterprises. Factors that affect economic sustainability of complex social and economic systems are revealed. The authors classify the factors of economic sustainability of state-owned industrial enterprises. The inconsistency of the institution of state-owned corporations is analyzed, its role and specific character are revealed, resources and possible drawbacks of state-owned corporations are shown in the contexts of modernization processes in the Russian Federation. The essence of the concept of sustainability is considered from the perspective of systems theory and system analysis. The necessity to increase the economic sustainability of state-owned enterprises under the conditions of imperfect government control and uncertainty of the external environment is justified. The authors emphasize urgency and reasonability of forming conditions to increase the effectiveness and sustainability of the functioning of state-owned corporations which were established to ensure the strategic interests of the state in the economic sphere.