Modernity imperatives impact on the Russian coal industry enterprises institutional environment

Abstract

In recent years, there has been an increase in the influence of the imperatives of the modern world on the institutional environment of the national economy, which not only creates qualitatively new combinations of challenges, but also contributes to the emergence of multiple institutional gaps. The Russian coal industry is a representative example of an asymmetric institutional environment based on different technological paradigms. In the article, the authors analyze the inconsistencies of the institutional environment of the Russian coal industry with the requirements of the modern world and propose ways to overcome the revealed institutional gaps. The phenomenon of institutions is considered and their significance for the economic sphere is determined. The main institutions of the market economy are presented. The influence of the imperatives of our time on the institutional breaks of the coal industry is indicated. The importance of improving the quality of the institutional environment has been substantiated. The state of the institutional environment of the Russian coal industry is critically analyzed. The directions of corrections of the identified problem areas are proposed for the purpose of innovative development of the domestic coal industry. The mutual influence of formal and informal institutions was clarified. The importance of the innovative development of the Russian coal industry in conjunction with investments in human capital is determined. Finally, the main results of the study are summarized.