Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union

Modern digital systems in the EEU do not meet the requirements for official methods of transferring funds, and are not appropriate for use in the field of corporate finance. As such, we propose the development of a modified digital system combining the principles and capabilities of traditional and...

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Главные авторы:	Dyudikova, E. I., Дюдикова, Е. И., Kunitsyna, N. N., Куницына, Н. Н.
Формат:	Статья
Язык:	English
Опубликовано:	National Research University, Higher School of Econoimics 2024
Темы:	Cash flow Digital settlements Corporate finance Distributed register Digital financial assets Digital system
Online-ссылка:	https://dspace.ncfu.ru/handle/123456789/29272
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spelling	ir-123456789-292722024-11-28T10:07:25Z Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union Dyudikova, E. I. Дюдикова, Е. И. Kunitsyna, N. N. Куницына, Н. Н. Cash flow Digital settlements Corporate finance Distributed register Digital financial assets Digital system Modern digital systems in the EEU do not meet the requirements for official methods of transferring funds, and are not appropriate for use in the field of corporate finance. As such, we propose the development of a modified digital system combining the principles and capabilities of traditional and innovative systems based on distributed registry technolo-gy. This should promote integration of national payment systems into the financial sphere under conditions of sanction burden, and low trust in the virtual world. First, we outline the features of corporate cash flows through digital financial assets transfer in a national digital system, and cross-border settlements within a common digital payment space. Next, we describe the possible roles of corporate structures and individuals in payment systems within an EEU common digital payment space. We combine methods of formal logic, historical and comparative analysis, modeling, and graphical interpretation. The study of the digital financial space was carried out on a selection of materials from the Russian Federation, Armenia, Belarus, Kazakhstan, and the Kyrgyz Republic. Our results illustrate the practical value of a new digital system in reducing the influence of intermediaries, and of inte-grating systems with different types of information into a common database. In addition, we indicate how the prevailing international digital transfer system will accelerate, simplify and reduce the cost of cash flow procedures for organisations. By leveling the need for an international digital unit, such a system will play an intermediary role. We identify the necessary conversion operations to achieve this. The scientific novelty of this study resides in the fact that there is no current analogue for the project proposed herein. As such, we present a large scale and straightforward roadmap for an ambitious and adaptive response to digital development opportunities, social evolution, and financial obstacles. 2024-11-28T10:04:31Z 2024-11-28T10:04:31Z 2020 Статья Dyudikova E., Kunitsyna N. Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union // Journal of Corporate Finance Research. - 2020. - 14 (3). - pp. 90 - 102. - DOI: 10.17323/j.jcfr.2073-0438.14.3.2020.90-102 https://dspace.ncfu.ru/handle/123456789/29272 en Journal of Corporate Finance Research application/pdf National Research University, Higher School of Econoimics
institution	СКФУ
collection	Репозиторий
language	English
topic	Cash flow Digital settlements Corporate finance Distributed register Digital financial assets Digital system
spellingShingle	Cash flow Digital settlements Corporate finance Distributed register Digital financial assets Digital system Dyudikova, E. I. Дюдикова, Е. И. Kunitsyna, N. N. Куницына, Н. Н. Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
description	Modern digital systems in the EEU do not meet the requirements for official methods of transferring funds, and are not appropriate for use in the field of corporate finance. As such, we propose the development of a modified digital system combining the principles and capabilities of traditional and innovative systems based on distributed registry technolo-gy. This should promote integration of national payment systems into the financial sphere under conditions of sanction burden, and low trust in the virtual world. First, we outline the features of corporate cash flows through digital financial assets transfer in a national digital system, and cross-border settlements within a common digital payment space. Next, we describe the possible roles of corporate structures and individuals in payment systems within an EEU common digital payment space. We combine methods of formal logic, historical and comparative analysis, modeling, and graphical interpretation. The study of the digital financial space was carried out on a selection of materials from the Russian Federation, Armenia, Belarus, Kazakhstan, and the Kyrgyz Republic. Our results illustrate the practical value of a new digital system in reducing the influence of intermediaries, and of inte-grating systems with different types of information into a common database. In addition, we indicate how the prevailing international digital transfer system will accelerate, simplify and reduce the cost of cash flow procedures for organisations. By leveling the need for an international digital unit, such a system will play an intermediary role. We identify the necessary conversion operations to achieve this. The scientific novelty of this study resides in the fact that there is no current analogue for the project proposed herein. As such, we present a large scale and straightforward roadmap for an ambitious and adaptive response to digital development opportunities, social evolution, and financial obstacles.
format	Статья
author	Dyudikova, E. I. Дюдикова, Е. И. Kunitsyna, N. N. Куницына, Н. Н.
author_facet	Dyudikova, E. I. Дюдикова, Е. И. Kunitsyna, N. N. Куницына, Н. Н.
author_sort	Dyudikova, E. I.
title	Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
title_short	Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
title_full	Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
title_fullStr	Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
title_full_unstemmed	Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union
title_sort	corporate cash flow transformation and payment space digitalisation in the eurasian economic union
publisher	National Research University, Higher School of Econoimics
publishDate	2024
url	https://dspace.ncfu.ru/handle/123456789/29272
work_keys_str_mv	AT dyudikovaei corporatecashflowtransformationandpaymentspacedigitalisationintheeurasianeconomicunion AT dûdikovaei corporatecashflowtransformationandpaymentspacedigitalisationintheeurasianeconomicunion AT kunitsynann corporatecashflowtransformationandpaymentspacedigitalisationintheeurasianeconomicunion AT kunicynann corporatecashflowtransformationandpaymentspacedigitalisationintheeurasianeconomicunion
_version_	1842245576090976256

Corporate Cash Flow Transformation and Payment Space Digitalisation in the Eurasian Economic Union

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