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Institutional framework of state property pledge in nizhniy Novgorod Rregion

Author

Listed:
  • Tat'yana Danilova

    (Russian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of Management)

  • Mariya Lamottke

    (Russian Presidential Academy of National Economy and Public Administration — Nizhniy Novgorod Institute of Management)

  • Ol'ga Guseva

    (Ministry of State Property and Land Resources of Nizhniy Novgorod region)

Abstract

Collateral legal relations are an important factor of the investment process development. They reduce opportunistic loan risks and increase partners’ confidence within the transaction. The mortgage fund of Nizhniy Novgorod region is nowadays involved in the implementation of investment and innovation projects up to 70%. Although the institutional environment of regional collateral relation has drastically improved in the last 11 years, the current status is far away from the ideal. Imperfect legal framework of collateral legal relations with the public property leads not only to information asymmetry, but also to a reduced states’ income from these transactions. The paper analyzes the current legislative pledge of state property, describes the main steps of its modernization, identifies the positive aspects and trends, as well as deficiencies, provides and gives a proof of necessary legal framework changes aimed at collateral financial relations efficiency improvement in the region.

Suggested Citation

  • Tat'yana Danilova & Mariya Lamottke & Ol'ga Guseva, 2012. "Institutional framework of state property pledge in nizhniy Novgorod Rregion," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 133-140.
    • Handle: RePEc:ura:ecregj:v:1:y:2012:i:3:p:133-140
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    References listed on IDEAS

    as
    1. Yelena Sidorova, 2010. "Private-public partnership in the context of the crisis: problems, risks, opportunities," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(2), pages 95-103.
    2. Viktoriya Kookuyeva, 2010. "The present financial situation regarding municipal establishments," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 187-191.
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