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The chapter studies the current tendencies of the Russian practice of decision-making in business systems by the example of a gas distribution company of the Russian Federation. In the modern Russian practice, the companies transform the system of decision-making to the process-oriented approach, which envisages decision-making and correction of decisions not according to functional responsibilities but according to consecutively performed procedures of conducted business processes.

The authors describe the procedure of formation of business processes in a gas distribution company by the example of the business process “Technological connection” and provide its characteristics.

As a result of studying foreign approaches to formation of the model of management and decision-making in companies, the authors develop a methodology of evaluation of economic effectiveness of implementation of a business process, based on the principles of management according to goals and KPI. This methodology allows evaluating the obtained results of a separate stage and of the business process on the whole.

By the example of the studied business process, a set of key indicators of effectiveness of a separate subprocess “Formation of technical condition” in a company is offered, and calculations of final results of effectiveness of this business process are provided. As a result of the final evaluation, practical recommendations for development of managerial decisions in a company are provided.

The purpose of this chapter is to study the key components of well-balanced information economy. The authors offer a hypothesis that progressive development of information economy in the country depends on the balance of its components. The methodology of the research is based on using the method of comparative analysis and analysis of statistical information for determining the state, tendencies, and dynamics of development of the main components of well-balanced information economy. The research allowed for generalization of certain empirical data on structural components of well-balanced information economy of Russia. The performed research showed that there is a difference in approaches to determination of the essence of information economy and variety of approaches to its structure. Also, there is a sustainable tendency of growth of the key components of information economy: in the sphere of production of means of information equipment, reliability of functional equipment grows, its weight and dimensions reduce, and energy saving ratio increases; in the sphere of production of information products, variety of products grows and limits of their usage expand – from professional activities to application in households; service sphere in information economy is the fastest growing component – especially in the sphere of telecommunication systems. Russia is peculiar for imbalance between separate components of information economy, which is deepened by excessive dependence of domestic market of the information and communication technology (ICT) on foreign suppliers; as a result of which Russian companies lag behind their rivals. Hence, formation of well-balanced information economy requires symbiosis of efforts of the state, private business, and scientific community. Qualitative growth of economy is possible with technologies that allow evaluating the current state of markets and spheres and conducting effective forecasting of their development, as well as reacting to changes in the situation in national and world markets.

The purpose of this chapter is to determine the basic institutes of well-balanced information economy and compile its institutional model.

The research methodology is based on the methods of the new institutional economic theory. The authors determine the most important qualitative characteristics of the innovational model of a well-balanced information economy and select social institutes that allow taking them into account and ensuring them during practical implementation of the model. The authors describe social institutes that are the basis of a well-balanced information economy and the process of their formation. The authors also use the method of modeling socio-economic phenomena and processes to compile the institutional model of a well-balanced information economy and the method of formalization of its graphic interpretation.

It is concluded that the basic institutes of the innovational model of a well-balanced information economy include the institutes of feedback collection and control and protection of information. These institutes ensure observation of the principles of implementation of this model and ensure its cyclic development and sustainability in the long-term.

The presented institutional model of a well-balanced information economy harmonizes the interaction between all the participants of socio-economic relations and processes of information economy, including its state regulation, transition of new information into the category of existing (from product into resource), internal and external exchange of information, its usage, etc.

The purpose of this chapter is to study perspectives of formation of the optimization model of a well-balanced information economy in modern Russia.

The research methodology includes the complex SWOT analysis of the environment, wherein the optimization model of a well-balanced information economy in modern Russia is implemented; this analysis allows determining threats and possibilities for its formation. Also, the method of formalization is used that allows tablulation of results.

The authors show a number of prerquisites for the formation of a well-balanced information economy in Russia, as well as multiple internal barriers on the path of its development. One of the barriers is deficit of resources. Also, there exist large perspectives of formation of the optimization model of a well-balanced information economy. These perspectives include improvement of legal conditions of financing of development of digital economy, intensive development of the ICT spheres and online business, growth of innovational activity and efficiency in the information sphere, and creation and stimulation of implementing the possibilities for feedback in the course of information economy’s formation. Based on the analyzed tendencies, it is concluded that these perspectives will allow overcoming the major barriers on the path of implementation of the strategy of building the optimization model of a well-balanced information economy in modern Russia, related to deficit of resources, structural imbalance of the noosphere, low efficiency of information, and linear direction of the process of management of information economy.

The authors determine that successful practical implementation of this strategy is largely predetermined by the capability of state regulators for a highly effective management of internal and external factors. It is recommended to pay attention to the management of these factors in the process of practical implementation of the strategy of forming the optimization model of a well-balanced information economy in modern Russia.

The purpose of this chapter is to compile the expected scenarios of development of information economy in the global economic system, determine the role of scenario that envisages practical implementation of the new model of a well-balanced information economy among these scenarios according to the criterion of effectiveness and probability, and select and substantiate the optimal scenario.

Due to the absence of initial statistical information that allows characterizing the basic conditions for further development of information economy in the global economic system, the method of stochastic modeling is used for describing forecast scenarios in this chapter. This method is used due to its applicability for forecast analysis in the conditions of uncertainty. With the help of this method, qualitative description of the expected scenarios of development of information economy in the global economic system is accompanied by selected quantitative characteristics, which are conventional, that is, they are given for comparing various scenarios, not for specifying a precise value of estimate indicators. Comparison of the expected scenarios of development of information economy in the global economic system is conducted using comparative analysis method.

It is concluded that the most effective and optimal scenario is the one that supposes implementation of the offered new model of a well-balanced information economy – despite its lower probability as compared to the other scenarios.

The set optimal expected scenario of development of information economy, which envisages application of its new well-balanced model, is recommended for practical implementation in the modern economic systems.

This paper explores how the disclosure quality, measured by the abnormal tone of environmental and social report, may determine the environmental, social and corporate governance (ESG) performance of the firm. This study also investigates the impact of the moderator “board of directors” to explore the extent to which a well-balanced board of directors may affect this association within an impression management strategy.

This work uses a sample of 616 firm-year observations using a sample of French firms indexed on SBF120 index from 2010 to 2017. To test the developed hypotheses, the GLS regression is applied and to control for endogeneity issue and sample selection bias, the authors used, respectively, the two stage least square (2SLS) procedure and the Heckman model.

Findings suggest that a well-balanced board of directors moderates the relationship between the ESG performance and the disclosure quality. The positive effect of abnormal tone management on ESG is weakened by the presence of a good structure of the board, attenuating impression management initiatives.

The research provides evidence of the impact of corporate social responsibility (CSR) reporting quality, in particular disclosure tone management, on the level of ESG performance in the French context. As the board of directors may have a major impact on weakening impression management strategies in particular tone management practices, in order to improve CSR report quality, the authors recommend French companies to ensure a well-balanced board of directors.

This study helps investors to comprehensively evaluate the information disclosed on CSR reports. It unveils that a strong board composition induces better quality of CSR report and brings better ESG performance. Thus, the study results point to the importance of a well-balanced board of directors and the regulation of the narrative disclosure of CSR information.

The chapter studies top-priority directions of implementation of the optimization model of well-balanced information economy. It is shown that digital economy is a result of transformation of technological processes in the sphere of information and communications. New technological platforms allow legal entities and individuals to reduce transaction costs of the process of communications between themselves and public authorities. The basic reason of active development of digital economy is growth of transaction sphere, incomes from which constitute 70% of GDP in developed countries. Digital technologies stimulate more intensive training of population, help reducing expenditures during knowledge exchange, and are a basic resource during development and implementation of innovational projects. The authors study various approaches to evaluation of implementation of digital technologies and analyze Russia’s role in the sphere of development of digital technologies in the world. The performed analysis allows distinguishing priorities of implementing the optimization model of well-balanced information economy.

The purpose of this chapter is to compile the expected scenarios of development of digital economy in modern Russia and determine the essence and peculiarities of the optimal scenario implementation.

The research is based on the Theory of Games, which is used for comparison of expected scenarios of development of digital economy in modern Russia. A criterion of optimality of the scenario of development of digital economy in modern Russia in this work is effectiveness of its implementation, determined by comparing the results and expenditures in view of probability of each possible sub-scenario.

The performed scenario analysis of development of digital economy in modern Russia showed that the most effective and, therefore, optimal scenario is the one that envisages implementation of the offered new model of a well-balanced digital economy. Despite the fact that probability was determined only for sub-scenarios, within each distinguished scenario, (for determining confidence intervals of the values of indicators) which were not compared with the level of their probability, the given optimal scenario envisages the largest changes compared to the current set course of the formation of digital economy in Russia and hence is the least probable.

The established optimal expected scenario of development of digital economy, which envisages application of its new well-balanced model, is recommended for practical implementation in modern Russia. The given quantitative characteristics of the optimal scenario of development of digital economy in modern Russia could and should be recommended for usage as the basis for developing practical recommendations for monitoring and control of implementation of the optimization model of digital economy in modern Russia.

The purpose of this chapter is to develop the algorithm of the strategy of implementing the information economy’s optimization model in modern Russia.

The method of systemic, problem, and logical analysis, synthesis, and the method of compilation of block schemes are used.

The algorithm of the strategy of implementing the information economy’s optimization model in modern Russia is presented. It has a cyclic characteristic and is variable, successfully adapting the conceptual model of a well-balanced information economy to the practical peculiarities of the social system of modern Russia and ensuring flexibility of the developed strategy of its application in the Russian economic practice. The offered algorithm of the strategy of implementing the information economy’s optimization model in modern Russia is a logical continuation of the developed strategy, supplementing its scientific and theoretical significance with the possibilities and perspectives of successful practical application. The offered algorithm shows clarity and simplicity of the general internal structure of the process of implementing this strategy with a simultaneous high complexity of specific measures.

The developed algorithm explains the logic of successful realization of the strategy of implementing the optimization model of a well-balanced information economy in modern Russia and is recommended for usage as a practical guide for implementing this strategy.

The purpose of the work is to model disproportions in development of regional economy of Russia and to determine perspectives and recommendations for overcoming them and achieving the balance of the economy. The applied methods are based on Popkova's methodology of calculation of “underdevelopment whirlpools,” which allows conducting dynamic modeling of disproportions in development of regional economy. The research is performed in three consecutive stages. At the first stage, the dynamic model of development of the Russia's regional economy is compiled with the help of the methodology of “underdevelopment whirlpools” in federal districts of the Russian Federation based on GDP per capita. At the second stage, the key factors of emergence of disproportions in development of the Russia's regional economy are determined and models of multiple regression of development of the Russia's regional economy are compiled. At the third stage, target parameters of the determined factors are set for reducing the “underdevelopment whirlpools” in the Russia's regional economy by automatized solution of the optimization task with application of the simplex method and recommendations for overcoming the disproportions in development of the Russia's regional economy are compiled. As a result, it is concluded that regional economy of Russia is not well-balanced, as it has deep structural disproportions. These disproportions are caused by insufficient attention to peculiarities of regional economic systems during development and implementation of regional strategies of state management of economy. For more precise accounting of the influence of the key factors of appearance of disproportions and highly-effective management of them for overcoming the “underdevelopment whirlpools,” the algorithm of overcoming the disproportions in development of the Russia's regional economy is developed by the authors, which envisages various managerial measures depending on peculiarities of each Russian region.