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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2018-22-3-36-51</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-657</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ДЕНЕЖНО-КРЕДИТНАЯ ПОЛИТИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>MONETARY &amp; CREDIT POLICY</subject></subj-group></article-categories><title-group><article-title>НАЦИОНАЛЬНАЯ МОДЕЛЬ КОРПОРАТИВНОГО УПРАВЛЕНИЯ: ИМПЕРАТИВЫ ФИНАНСИРОВАНИЯ РОСТА РОССИЙСКОЙ ЭКОНОМИКИ</article-title><trans-title-group xml:lang="en"><trans-title>NATIONAL CORPORATE GOVERNANCE MODEL: THE IMPERATIVES OF FUNDING THE GROWTH OF THE RUSSIAN ECONOMY</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8222-1231</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname> Межов</surname><given-names>И. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Mezhov</surname><given-names>I. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>доктор экономических наук, профессор, заведующий кафедрой экономики и производственного менеджмента, </p><p>Барнаул</p></bio><bio xml:lang="en"><p>Dr. Sci. (Econ), Professor; Head of the Department of Economics and Production Management,</p><p>Barnaul</p></bio><email xlink:type="simple">mgvis@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8150-9014</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname> Дронова</surname><given-names>О. Б.</given-names></name><name name-style="western" xml:lang="en"><surname>Dronova</surname><given-names>O. B.</given-names></name></name-alternatives><bio xml:lang="ru"><p>кандидат экономических наук, доцент кафедры экономики и производственного менеджмента, </p><p>Барнаул</p></bio><bio xml:lang="en"><p>Cand. Sci. (Econ), Associate Professor; Department of Economics and Production Management,</p><p>Barnaul</p></bio><email xlink:type="simple">suholga.08@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Алтайский государственный технический университет им. И.И. Ползунова</institution><country>Россия</country></aff><aff xml:lang="en"><institution>I.I. Polzunov Altai state technical university</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2018</year></pub-date><pub-date pub-type="epub"><day>10</day><month>06</month><year>2018</year></pub-date><volume>22</volume><issue>3</issue><fpage>36</fpage><lpage>51</lpage><permissions><copyright-statement>Copyright &amp;#x00A9;  Межов И.С.,  Дронова О.Б., 2018</copyright-statement><copyright-year>2018</copyright-year><copyright-holder xml:lang="ru"> Межов И.С.,  Дронова О.Б.</copyright-holder><copyright-holder xml:lang="en">Mezhov I.S., Dronova O.B.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/657">https://financetp.fa.ru/jour/article/view/657</self-uri><abstract><p>В статье рассматривается роль, значение, потенциал и проблемы корпоративной организации промышленности в России. Установлено, что реализация развитой модели корпоративного управления является надежной и достаточно эффективной системой финансирования роста предприятий. Осуществлен обзор корпоративного управления в экономически развитых странах, которые являются главными драйверами мирового экономического развития.</p><p>На основе широкого анализа теоретических исследований и  практики крупных зарубежных и  российских корпораций предпринята попытка показать, что предположение об эффективности реформ в Российской Федерации на основе приватизации государственной собственности и за счет этого усиления финансирования процессов развития так и осталось не доказанной гипотезой. Причина этого — игнорирование реформаторами теоретических принципов и мирового практического опыта эволюции корпоративного управления. Методической основой данной статьи являются экономико-статистические, системные, а также сравнительные методы исследования.</p><p>Проведен анализ и  сравнение крупных зарубежных и  российских корпораций по отраслевой принадлежности, позиции государства в  управлении, количеству акционеров, объему и  механизмам финансирования инноваций. Обобщены основные рейтинги крупных корпораций по объемам выручки и капитализации, финансирования на исследования и разработки. Выявлены тенденции отставания России по данным факторам от экономически развитых стран-лидеров. Сделан вывод о сложности и неоднозначности влияния национального корпоративного управления на экономическое развитие стран. Высокая производительность труда, передовые технологии и инновации позволяют экономически развитым странам извлекать шумпетерианскую ренту, получать дополнительные источники финансирования НИОКР, обеспечивая себе конкурентные преимущества. На основе всестороннего анализа статистических данных авторы рекомендуют соответствующим органам исполнительной и законодательной власти Российской Федерации не медлить со вступлением в новую фазу развития российской экономики, что может предотвратить системные и непреодолимые препятствия в обозримой перспективе. Предложено подкрепить организацию корпоративного управления законодательством, системой государственного регулирования и принятой деловой практикой. </p></abstract><trans-abstract xml:lang="en"><p>The article discusses the role, importance, potential and problems of corporate organization of industry in Russia. We established that the implementation of a developed model of corporate governance is a reliable and effective system of funding the growth of enterprises. The authors reviewed corporate governance in economically developed countries, which are the main drivers of global economic development. On the basis of a broad analysis of theoretical studies and practice of large foreign and Russian corporations, we attempt to show that the assumption about the effectiveness of reforms in the Russian Federation on the basis of privatization of state property and due to this increase in funding of development processes has not remained a proven hypothesis. The reason for this is the reformers’ ignorance of the theoretical principles and international practical experience in the evolution of corporate governance. The methodical basis of this article is economic-statistical, system, and comparative research methods. The authors analyzed and compared large foreign and Russian corporations by industry, the position of the state in management, the number of shareholders, the volume and mechanisms of funding of innovations. We have also summarized the main ratings of large corporations by revenue and capitalization, financing for research and development. The authors identified trends in the gap between Russia according to the factors of the economically developed countries-leaders. The authors concluded that the impact of national corporate governance on the economic development of countries is complex and ambiguous. High productivity, advanced technologies and innovations allow economically developed countries to extract Schumpeterian rent, to obtain additional sources of R&amp;D funding, providing themselves with competitive advantages. Based on a comprehensive analysis of statistical data, the authors recommend that the relevant executive and legislative authorities of the Russian Federation do not delay the entry into a new phase of development of the Russian economy, which can prevent systemic and insurmountable obstacles in the foreseeable future. We propose to strengthen the organization of corporate governance with legislation, state regulation and business practices.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>финансирование роста</kwd><kwd>корпоративное управление</kwd><kwd>экономический рост</kwd><kwd>институты</kwd><kwd>эволюция</kwd><kwd>либеральный подход</kwd><kwd>инвестиции</kwd><kwd>инсайдеры</kwd><kwd>аутсайдеры</kwd><kwd>стейкхолдеры</kwd><kwd>промышленная политика</kwd><kwd>экономическая теория</kwd><kwd>технологический уклад</kwd></kwd-group><kwd-group xml:lang="en"><kwd>funding of growth</kwd><kwd>corporate governance</kwd><kwd>economic growth</kwd><kwd>institutions</kwd><kwd>evolution</kwd><kwd>liberal approach</kwd><kwd>investments</kwd><kwd>insiders</kwd><kwd>outsiders</kwd><kwd>stakeholders</kwd><kwd>industrial policy</kwd><kwd>economic theory</kwd><kwd>technological structure</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Аганбегян А. 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