Zhelyabovskiy A.Yu. The role of goal setting in the mechanism of the management of sustainable regional development 




Aleksandr Yuryevich Zhelyabovskiy 



Postgraduate Student, Belgorod State Agrarian University named after V.Ya. Gorin 



alex.zhelyabovskiy@gmail.com 



Vavilova St., 1, 308503 settlement Maiskiy, Belgorod Region, Russian Federation 




  





Abstract. The purpose of the study is to assess the role of goal-setting in the management of sustainable regional development. The empirical basis of the research became the information provided by public companies of Russia on the information disclosure site “Interfax”. To achieve this, the elements and types of statutory goals of joint stock companies were revealed and classified; the grouping of joint stock companies by types of statutory goals was performed; the statistical hypotheses about the equality of average values of profitability by groups of joint stock companies with different types of statutory goals were tested; the correlation and regression analysis of the impact of elements of statutory goals on the profitability of joint stock companies from 54 regions of the Russian Federation was carried out. It is established that the average regional level of profitability of joint-stock companies is significantly positively influenced by such elements of the statutory objectives as efficiency, public interests, development of the organization. The share of profitable joint-stock companies in the region is significantly influenced by such elements of the statutory objectives as the development of the organization, efficiency. In this respect profit should not be considered as a goal. Profit should be considered as a concomitant effect of a commercial organization focused on the interests of shareholders and public interests. In total the denial of importance of profit as the main goal of a commercial organization creates the institutional basis for the integration of economic and private and commercial goals. 



Key words: sustainable development, region, joint-stock companies, information disclosure, goal-setting, correlation analysis, integration of national economic and private-commercial purposes, interaction of government and business structures.