Purpose: The article analyzes the content of economic and legal mechanisms of state control over the emerging market of ICO (Initial Coin Offering). Methodology: This was analytical-logical research based on content analysis. Result: Regarding the considered areas of legal regulation, it is worth noting that in regulating the protection of intellectual rights, counteracting legalization and laundering of money obtained by criminal means, as well as in regulating the protection of personal data, most states use the current legislation without any changes. Applications: This research can be used for universities, teachers, and students. Novelty/Originality: In this research, the model of the analysis of foreign experience in the regulatory framework of distributed ledgers and ICO (initial coin offering) within innovative economy is presented in a comprehensive and complete manner.
The urgency of the problem under investigation is conditioned by the need to find mechanisms that contribute to maintaining a balance in the process of realizing increasingly complex tasks that state faces with a lower level of budgetary opportunities The article is aimed at developing the theoretical foundations of finance and the mechanism for mobilizing financial resources necessary for the region in implementing strategic tasks by means of involving decentralized finances in the process of implementation of state programs by the subject of measures to achieve the synergistic effect obtained in their interaction with centralized finances contributing to improving the efficiency of public finances The article considers theoretical aspects of finance and formulates the necessity of application and introduction in practice of the accumulated scientific potential in the processes of solving state problems makes generalization of the main problems in the sphere of centralized finance management in the subjects of the Russian Federation presents the algorithm of practical application of the model of the mobilization mechanism of centralized and decentralized financial resources in the process of implementing the state program designed to increase the effectiveness of public finances in the region using the example of the Samara region The materials of the article can be useful and successfully implemented in practice in other regions of the Russian Federation
This paper discusses how to use financial tools to support the national strategy public entrepreneurship and innovation. To implement the strategy public entrepreneurship and and reach the overall goal of building an innovative country, it's needed to conceive of the top-level design of the financial support system for innovation and entrepreneurship, make full use of financial strength, carry out the ideas of innovation and entrepreneurship thoroughly,promote the national strategy by financial guidance. In practice, it's needed to use the decentralization in governing to build a highly-efficient financial market environment for innovation and entrepreneurship, make full use of the function of banking institutions to support innovation and entrepreneurship, actively improve the multi-level capital markets to service innovation and entrepreneurship, strengthen international cooperation to improve the level of financial support to service innovation and entrepreneurship.
In the course of financing of innovative industrial clusters, it is the informational move that investors finance enterprises or projects. Investors have difference in priori probabilities, which will lead to the diversity of opinion among investors. The degree of the diversity has determined investors choose to take decentralized action or collective action. The difference of market finance and intermediated finance in reducing the cost of collecting and processing information determines that the difference of the performance in financing of innovative industrial clusters among different methods of financing.
Positive financial policy always goes along with unbalanced economic structure in China.It is easy to follow the simple logic and make the judgment that large-scale public investment construction may aggravate structural imbalance and threaten sustainable economic growth while maintaining rapid economic growth.Based on research of Chinese practice,intrinsic investment impulsion of local authority indeed strengthens the imbalance of economic structure under specific decentralization system of China.But as a policy tool,public investment doesn't have positive connection with the transition of economic structure.However,under the control of finance decentralization and other institutional factors,excessive growth of public investment and economic aggregate has remarkable inhibitory effect on transition of economic structure.Therefore,moderate economic growth and investment increase will benefit the transition of economic structure.
This paper testified the privilege of SME cluster financing through an empirical study on the issues of financing situation of SME clusters.The empirical results show that the clustering is an innovation in SME's financing,which lays financing foundation for SME to solve the natural constraints.As a result,we must consider the risk sharing mechanism of symbiotic relationship,increasing the system utility and decentralizing systematic credit risk.An opinion has been put forward that the expanding the boundary of symbiotic relationship is an innovative mechanism of industrial clusters'financing.
According to a series of problems appeared in the rural finance management,this thesis applied trusting-agent theory,internal control theory,centralization and decentralization theory,accounting rent-seeking and control theory,and put forward a series of affective measures to improve the present situation of financial management in the countryside,which including township finance trusting to govern,democratic financial management,democratic management,democratic decision-making,democratic supervision,perfecting supporting measures,and so on.
The weakness of traditional financial management is obvious increasingly in network economy,such as management means backward comparatively,budget control system imperfect,capital control ineffective,which will restrict the optimization of resource allocation.Correspondingly,network technique provides guarantee for business groups to establish centralized management model in finance.i.e.business groups can adapt to the requirement of network economic development and realize the reform,innovation and maximum of total profit via transferring the model of financial management from decentralized to centralized,strengthening the functions of supervising agency,centralized management of capital and limitation of right to financial personnel.