Inshakova A.O. The Policy of Investment and Financial Regulation of Entrepreneurial Activity in the Context of Digitalization
DOI: https://doi.org/10.15688/lc.jvolsu.2024.1.1
Agnessa O. Inshakova, Doctor of Sciences (Jurisprudence), Professor, Honorary Worker of Higher Professional Education of the Russian Federation, Honorary Worker of Science and High Technologies of the Russian Federation, Expert of the Russian Academy of Sciences, Head of the Department of Civil and International Private Law (Base Department of the Southern Scientific Centre of the Russian Academy of Sciences), Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. , https://orcid.org/0000-0001-8255-8160
Relevance of the research: the paper analyzes the relevance, content and research results of the feature topic of the current issue of the journal “Legal Concept = Pravovaya paradigma” entitled “Investment and Financial Activity in the Digital Business Environment: Legal Support Tasks”. The need to modernize the legal regulation of entrepreneurial activity is due to the digitalization of economic relations based on digital technologies and emerging new types of entrepreneurial activity carried out using the Internet platforms. The relevance of the comprehensive study is due to the importance of the issues discussed in the feature topic of the issue on national policy in the field of the legal regulation of investment and financial activity as an important part of entrepreneurial activity, which is an important tool for ensuring inclusive growth and sustainable economic development, poverty reduction and job creation. Scientific novelty: the importance of solving a number of key objectives of national investment policy aimed at ensuring the concept of sustainable development, as well as inclusive growth, is substantiated. During the analysis of scientific papers on the feature topic of the issue, the conclusions and recommendations were identified aimed at expanding and increasing the intensity of investment turnover and which can be used in legislative activities, as well as for the development of theoretical provisions on investment relations in the information space, which provides a solution to a major world-class scientific problem of great socio-economic and administrative importance. The methodological framework for the research is a systematic evolutionary approach combined with structural and functional, temporal and spatial, comparative and documentary, statistical and econometric analysis, as well as legislative modeling. In the course of the research, the general scientific methods were used, including dialectical, inductive, deductive, analytical, predictive, and the specific scientific methods such as formal legal, the method of legal interpretation, the comparative law method, etc. Results of the study: the list of key objectives of national investment policy aimed at ensuring the concept of sustainable development highlights: 1) supporting and stimulating certain sectors of the economy (tax incentives, subsidies or other measures aimed at attracting investment and stimulating growth in certain sectors); 2) ensuring the balanced development of economic sectors and export production; 3) achieving the competitiveness of domestic products; 4) carrying-out the environmental programs such as health development, environmental protection; 5) ensuring the defense and security of the state by promoting the development of critical infrastructure, such as transport and communication networks, and investing in the research and development of new technologies. The priorities and mechanisms for the implementation of social programs are studied as key objectives of the investment policy in the context of inclusive growth, among them: 1) the development of education, housing and communal services; 2) the regulation of employment. Conclusions: it is proved that the investment policy aims to solve a number of strategic tasks of the state, and therefore should be closely linked to the overall development strategy of the country, regularly updated and reflect changes in the investment environment. In general, in the context of the study, the author classifies such tasks into two groups: firstly, the tasks to be solved within the framework of the concept of sustainable development; secondly, the ones aimed at ensuring inclusive growth. The analysis of the hierarchy of normative legal acts in the investment sphere is carried out. It is proved that the system of domestic investment legislation needs a significant revision in terms of combining disparate legal norms into a single set of regulatory prescriptions logically built on the basis of common goals and principles. The implementation of this measure, according to the authors, will serve as the key to achieving the goals of investment policy, and, ultimately, to promote inclusive growth and sustainable economic development. The scientific results presented in the papers that made up the heading “Mainstream issue” are analyzed. It is concluded that the proposals and recommendations formulated in the key section of the journal cover legislative activities to improve and regulate digital entrepreneurial activity in the field of investment and turnover of modern financial instruments. The specific scientifically based provisions are identified for the purpose of supplementing a number of federal laws of the Russian Federation. The substantial conclusions and recommendations are identified that can be used in the future both to expand and increase the intensity of investment turnover, and to develop theoretical provisions on investment relations in the information space.
Key words: entrepreneurial activity, digitalization, investments, investment relations, securities, state investment policy, state regulation of investment activities, investment platform.
Citation. Inshakova A.O. The Policy of Investment and Financial Regulation of Entrepreneurial Activity in the Context of Digitalization. Legal Concept = Pravovaya paradigma, 2024, vol. 23, no. 1, pp. 6-15. (in Russian). DOI: https://doi.org/10.15688/lc.jvolsu.2024.1.1