Challenges and solutions in the digital economy and finance : proceedings of the 5th International Scientific Conference on Digital Economy and Finances (DEFIN 2022), St. Petersburg 2022

This volume presents the proceedings of the 4 th International Scientific and Practical Conference on Digital Economy and Finances (DEFIN22) at the Saint-Petersburg University of Management Technologies and Economics (UMTE), which took place in March 2022. It includes the newest research on the impact of new digital technologies on the growth and capitalization of companies and the labor market. The volume discusses the problems of situational modeling of economic processes and the creation of "digital twins" of enterprises. The contributions analyse how big data and artificial intelligence technologies are shaping the financial markets. Contents Contributors Teaching Students Professionally Based Foreign Language Communication in the Era of Digitalization Introduction Materials and Methods Results and Discussion Conclusion References Possibility of Digital Technology Use to Improve the Efficiency of Economic Entities Interaction Introduction Materials and Methods Results Discussions Conclusion References Mutual Investment Funds Under Financial Instability Introduction Methods and Materials Results Discussion Conclusion References International Legal and Economic Aspects of Regulation of Digital Technologies and Artificial Intelligence Introduction Materials and Methods Results Discussion Conclusion References Innovative Approach to Starting of Outsourcing Company Introduction Materials and Methods Results Discussion Conclusions References Implementability of a Process Approach to Strategic Management in the Conditions of Digitalization Introduction Materials and Methods Results Discussion Conclusion References Research on the Effects of ``DeepFake ́ ́ Technology for the Modern Digital Space Introduction Materials and Methods Results Discussion Conclusion References Innovative Capital as Difficult-to-Identify Factor of Production Introduction Materials and Methods Results and Discussion Innovation Activity of a Production Company: Meaning Innovative Capital: Concept Innovative Capital: Structure Innovative Capital as Difficult-to-Identify Factor of Production Conclusion References Challenges in Professional Translation: Implications for Linguistic Education and the Modern Digital Economy Introduction Material and Methods Results Discussion Conclusion References The Quality of the Digital Ecosystem in the Financial Sector Introduction Materials and Methods Results Discussion Conclusion References Human Potential in the Sustainable Development of Regions Introduction Materials and Methods Results Discussion Conclusion References Labour Resources use in the National Economy: G7 and Russia Comparative Analysis Introduction Materials and Methods Results and Discussion Conclusion References Formation of a Comprehensive ``Tourism and Travel ́ ́ Digital Platform in the Russian Federation Introduction Methodology Results and Discussion Conclusions References Promoting Film Tourism as a Marketing Promotion of Audiovisual Products in the Russian Media Market Introduction Methods Results Discussion Conclusion References Law in the Era of Digitalization Introduction Materials and Methods Results Discussion Conclusion References Teacher ́s Identity in Online ESP and Music Education. Teacher ́s Primus Inter Pares Factor Introduction Materials and Methods Results Discussion Conclusion References Economic Mechanism for Assessing the Efficiency of the Department as a Business Unit of a Higher Educational Institution Introduction Materials and Methods Results Discussion Conclusion References Digital Business Models in the Manufacturing Sector Introduction Materials and Methods Results Discussion Conclusion References Increasing of the Technological Cooperation Efficiency in the Context of Digitalization Introduction Materials and Methods Results Discussion Conclusion References Business Models Transformation in Light Industry in the Context of Digitalization Introduction Materials and Methods Results Discussion Conclusion References Constitutional Principles of Forming the Foundations of the Digital Economy in the Russian Federation Introduction Materials and Methods Results Discussion Conclusion References Optimization of Control in the Management of Transport Business Objects Using the Game Theory Methods Introduction Materials and Methods Development of Control Rules and Sanctions Mechanisms The Problem of Checking with Probabilistic Strategy of Participants Results and Discussion Solving the Problem of Control with Sanctions Against the Most Malicious Violator Control with ``Tolerance Threshold ́ ́ Control with the Possibility of Collusion of Employees Multi-stage Control Strategy Conclusions References Regulatory Regulation of the Issue and Circulation of Digital Currencies in the Countries of the Modern World Introduction Materials and Methods Results Discussions Conclusions References Socio-Economic Factors Determining the Genuine Savings Introduction Materials and Methods Results Discussion Conclusion References Translation in the Era of Digitalization: Slang Rendering in TV Series Introduction Material and Methods Results Discussion Conclusion References Some Aspects of the Introduction of the Digital Ruble into the Russian Economic and Legal Space Introduction Materials and Methods Results Discussion Conclusion References Three-Dimensional Copy of a Three-Dimensional Copy: Database of Estampages of Proto-Bulgarian Inscriptions Introduction Materials and Methods Results Discussion Conclusions References Development of Industry 4.0: A Practical Case Study from the Netherlands Introduction Background Practical Implementation of Industry 4.0 Industry 4.0 Case Study in the Netherlands Conclusion References The Transformation of Corporate Management Business Processes in the Context of the Digitalization of the National Economy Introduction Materials and Methods Results Discussion References Business Models in Clothing Market: Value Proposal Specific Introduction Materials and Methods Results Discussion Conclusion References Assessment of the Impact of the Economy Digitalization on GRP Dynamics: The Regional Aspect Introduction Materials and Methods Results Discussion Conclusion References Impact of the ESG Principles on the Corporate Financial Strategy Introduction Materials and Methods Results Discussion Conclusion References Students ́ Attitude to Digital Entrepreneurship Introduction Materials and Methods Results Discussion Conclusion References Organizational-Economic Mechanism for Monitoring University Activities Under the Conditions of Digitalization Introduction Materials and Methods Results and Discussions Conclusions References Transformation of Financial Relations Under the Digital Economy in the Forest Industry Introduction Materials and Methods Results Discussion Conclusion References Artificial Intelligence Technologies in the Implementation of the e-Navigation Concept Introduction Materials and Methods Results and Discussion Conclusion References Application of Digital Simulation Models of Railway Transport Polygons Introduction Materials and Methods Results Discussion Conclusion References Development of a GIS Model ``World Heritage ́ ́ to Assess the Tourist and Recreational Potential of the Territory Introduction Materials and Methods Results and Discussion Conclusions References World Labor Market: The Influence on State Economic Security Introduction Materials and Methods Results Discussion Conclusion References Financial Inclusion of Rural Areas in the Conditions of Digitalization: Studies in Europe and Russia Introduction Materials and Methods Results Discussion Conclusion References Evolution of Payment Instruments and Their Development in the Digital Economy Introduction Materials and Methods Results Discussion Conclusion References Electric Power Industry of Russia in the Transition to a Low-carbon Economy Introduction Materials and Methods Results Discussion ``Path Dependence ́ ́ in the Transition of Russia ́s Electric Power Industry to Low-carbon Energy Institutional Environment Stimulating the Transition to a Low-carbon Economy Practices and Consumer Behavior in Energy Markets Assessment of Russia ́s Readiness for the Energy Transition: The Position of the World Energy Forum Barriers to the Development of Russia ́s Electric Power Industry in the Transition to a Low-carbon Economy Conclusion References Cryptocurrency Development in Russia Introduction Materials and Methods Results Discussion Conclusion References Mechanism for the Development of the National Digital Services Market Introduction Materials and Methods Results Discussion Conclusion References Silver Economy of a Megapolis: St. Petersburg Case Study Introduction Materials and Methods Results Discussion Conclusion References Digitalization of Electricity Suppliers ́ Activities in the Arctic Zone Introduction Materials and Methods Results Discussion Conclusion References The System of Mechanisms for Improving Russia ́s Industrial Policy While Expanding Industrial Network Interaction with the Repu... Introduction Materials and Methods Results Discussion Conclusion References Adaptation of the Terminological and Lexical System in the Field of Customs to the Modern Conditions of Digitalization and Sus... Introduction Materials and Methods Results Discussion Conclusion References New Technologies of Financial Support of Municipalities Introduction Practice in Applying Targeted Municipal Bonds Conclusion References Digitalization of Modern Educational Processes and Improvement of Inclusive Programs Introduction Materials and Methods Result Conclusion References Analysis of Instruments and Restrictions of Foreign Trade Before and During the Pandemic Introduction Materials and Methods Results Discussion Conclusion References Transformation of Logistics Systems in the Context of Digitalization Introduction Materials and Methods Results Discussion Conclusion References Efficiency of Business Models Based on Innovations (Additive Technologies) in a Circular Economy Introduction Materials and Methods Results Discussion Conclusion References Auditors in Russia: Entry into the Profession Introduction Materials and Methods Result and Discussions Brief History of Russian Audit in the Modern Era: From 1991 to 2019 Entry into the Profession from the Evolutionary Perspective Qualification Certificates New Qualification Examination Model Conclusion References Analysis and Forecast of Labor Immigration to Japan in 2009-2019 Introduction Materials and Methods Results Discussion Conclusion References Assessment of Indirect Economic Benefit from the Introduction of Electricity Storage Systems Introduction Results and Discussions Indicator of Infrastructure Savings Indicator of Technological Savings Operational Economy Indicator Conclusions References Estimation of Innovative Indicators as Growth Dynamics Indicator Introduction Materials and Methods Results and Discussions Conclusion References Project Management: University Leaders ́ Willingness Materials and Methods Informative Mathematical Model Results and Discussions Sample Characteristics Conclusion References