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Allocation of a resource portfolio in a group of industrial enterprises

Author

Listed:
  • Svetlana V. Orekhova

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Ivan A. Butakov

    (OOO MMC-Steel, Verkhnyaya Pyshma, Sverdlovsk oblast; Ural State University of Economics, Ekaterinburg, Russia)

Abstract

Efficient resource allocation is the key to ensuring the economic growth. Business integration generates both coordination and distribution effects of resource allocation. The former reflects the efficiency of the whole group in terms of resources distribution, the latter illustrates benefits and/or costs of its individual participants obtained due to resources dispensed to them. The paper develops and tests a method for assessing distributive allocative characteristics of resources in a group of enterprises. Neoclassical and new institutional economics constitute the methodological basis of the research, including the theories of production possibilities and industrial organisation, and the contract theory. The 2014–2021 data on economic performance of OOO MMC-Steel, a local group of enterprises in control of the Ural Mining Metallurgical Company, one of the largest holdings in Russia, are studied using general (system analysis and synthesis, typology) and economic statistical methods. According to the findings, there are seven types of resource allocation, which impact on the coordination and distribution effects in a group of industrial enterprises. The study develops a method for assessing three types of distributive allocation of resources: factor- and product-based, intra-organisational. The testing of this toolkit in three groups of resources (production, material, and labour) demonstrated that OOO MMC-Steel features a significant heterogeneity, and the level of allocation of resource portfolio is substantial. The proposed approach enables the creation of a resources strategy that takes into account the solutions to the problem of resources’ allocative efficiency in a group of industrial enterprises.

Suggested Citation

  • Svetlana V. Orekhova & Ivan A. Butakov, 2022. "Allocation of a resource portfolio in a group of industrial enterprises," Journal of New Economy, Ural State University of Economics, vol. 23(4), pages 87-120, January.
    • Handle: RePEc:url:izvest:v:23:y:2022:i:4:p:87-120
    DOI: 10.29141/2658-5081-2022-23-4-5
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    References listed on IDEAS

    as
    1. Leibenstein, Harvey, 1978. "General X-Efficiency Theory and Economic Development," OUP Catalogue, Oxford University Press, number 9780195023800.
    2. Joseph E. Stiglitz, 2002. "Information and the Change in the Paradigm in Economics," American Economic Review, American Economic Association, vol. 92(3), pages 460-501, June.
    3. Kenneth J. Arrow, 1985. "The Potentials and Limits of the Market in Resource Allocation," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Microeconomics and Welfare, chapter 2, pages 107-124, Palgrave Macmillan.
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    More about this item

    Keywords

    resource allocation; resources; holding; industrial group; resources strategy; industrial enterprise.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing

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