Assessment of factors influencing the formation of corporate savings in Azerbaijan

 
PIIS020736760018139-1-1
DOI10.31857/S020736760018139-1
Publication type Article
Status Published
Authors
Occupation: Associate Professor of the Department of Economy and Management
Affiliation: Azerbaijan State Economic University (UNEC)
Address: Azerbaijan, Baku
Journal nameObshchestvo i ekonomika
EditionIssue 2
Pages89-104
Abstract

The article examines the theoretical and practical aspects of the formation of savings in the corporate sector. There is a significant dependence of national savings on oil revenues in Azerbaijan. The redistribution of oil revenues by the state has a significant impact on the formation of corporate savings. The study found a significant relationship between household and government savings and corporate savings. The impact of inflation on corporate savings has been limited. In addition, the rise in interest rates led not to an increase, but to a decrease in corporate savings.

Keywordssavings, corporate sector, oil revenues
Received22.01.2022
Publication date18.02.2022
Number of characters30511
Cite  
100 rub.
When subscribing to an article or issue, the user can download PDF, evaluate the publication or contact the author. Need to register.

Number of purchasers: 0, views: 514

Readers community rating: votes 0

1. Mehn'kyu N.G. Makroehkonomika. M.: Izd-vo MGU, 1994.

2. Tumanova E.A., Shagas N.L. Makroehkonomika. Ehlementy prodvinutogo podkhoda. M.: INFRA-M, 2004.

3. Yudzhin Brigkhem, Luis Gapenski. Finansovyj menedzhment. Sankt-Peterburg, «Ehkonomicheskaya shkola», 1997.

4. Alan J. Auerbach, Kevin Hassett. Corporate Savings and Shareholder Consumption. NBER Working Paper No. 2994, 1991.

5. Arora Vivek B. Rebalancing growth in Asia: economic dimensions for China / Vivek Arora and Roberto Cardarelli. Washington, D.C.: International Monetary Fund, 2010.

6. Ayyagari M., A.Demirgüç-Kunt, A.Maksimovic. Formal versus Informal Finance: Evidence from China // Review of Financial Studies 2010, 23(8), pp. 3048-3097.

7. Bernanke Ben S. The global saving glut and the US current account deficit. Remarks at the Sandridge Lecture, Virginia Association of Economics, Richmond, Virginia (March 2005).

8. Carroll C., Weil D. Saving and Growth: A Reinterpretation // Carnegie-Rochester Conference Series on Public Policy 1994, 40, pp. 133-192.

9. Dooley Michael P., D.Folkerts‐Landau, P.Garber. The revived Bretton Woods system: The effects of periphery intervention and reserve management on interest rates and exchange rates in center countries. NBER Working Paper 10332, 2004.

10. Fan J., S.Titman, G.Twite. An International Comparison of Capital Structure and Debt Maturity Choices // Journal of Financial and Quantitative Analysis, 2012, 47(1), pp. 23-56.

11. Kaldor N. Alternative Theories of Distribution // Review of Economic Studies, 1956, 23, pp. 83-100.

12. Keynes John Maynard. The general theory of employment, interest, and money. Macmillan: London, 1936.

13. Kim C., Mauer D., Sherman A. The determinants of corporate liquidity: Theory and evidence // Journal of Financial and Quantitative Analysis, 1998, 33, pp. 335-359.

14. Kyttack Hong. Interest Rate, Corporate Saving and Household Saving in Korea and Taiwan // Journal of Economic Development, Volume 13, Number 1, June 1998, pp. 195-206.

15. Levine R. Financial Development and Economic Growth: Views and Agenda // Journal of Economic Literature, 35, 1997, pp. 688-726.

16. Loayza N., K.Schmidt-Hebbel, L.Serven. What Drives Private Saving across the World // Review of Economics and Statistics 82(2), 2000, pp.165-181.

17. Masson P.R., T.Bayoumi, H.Samiei. International evidence on the determinants of private saving // The World Bank Economic Review, 1998, Vol. 12, pp. 483-501.

18. Mendoza Enrique G., Quadrini Vincenzo, Rios-Rull Jose-Victor. Financial Integration, Financial Development, and Global Imbalances // Journal of Political Economy, 2009, 117 (3), pp. 371-416.

19. Montiel P., Serven L. Real Exchange Rates, Saving and Growth: Is There a Link? World Bank Policy Research Working Paper Series, 4636, 2008.

20. Riddick Leigh A., Toni M. Whited. The corporate propensity to save // Journal of Finance, 2009, 64, pp.1729-1766.

21. Sachs J. D., Larrian F. B., Macroeconomics in the Global Economy. Hemel Hempstead: Prentice-Hall, 1993.

22. Schmidt-Hebbel K., Serven L. The Economics of Saving and Growth: Theory, Evidence, and Implications for Policy. Cambridge: Cambridge University Press, 1999.

23. System of National Accounts 2008. New York: 2009.

24. https://www.oilfund.az/report-and-statistics/report-archive

25. https://socar.az/socar/az/economics-and-statistics/economics-and-statistics/socar-reports

Система Orphus

Loading...
Up