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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">scimanagement</journal-id><journal-title-group><journal-title xml:lang="ru">Наука и искусство управления</journal-title><trans-title-group xml:lang="en"><trans-title>Science and art of management</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2782-2222</issn><publisher><publisher-name>РГГУ</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.28995/2782-2222-2021-2-45-58</article-id><article-id custom-type="elpub" pub-id-type="custom">scimanagement-46</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>Управление развитием бизнеса</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>Business development management</subject></subj-group></article-categories><title-group><article-title>Роль и значение Investor relations-отделов в развитии инвестиционных отношений на рынках капитала</article-title><trans-title-group xml:lang="en"><trans-title>The role and importance of the Investor relations departments in developing the investment relations in the capital markets</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Федоров</surname><given-names>А. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Fedorov</surname><given-names>A. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Александр С. Федоров, кандидат экономических наук</p><p>119192, Россия, Москва, Мичуринский пр., д. 19, корп. 3</p></bio><bio xml:lang="en"><p>Aleksandr S. Fedorov, Cand. of Sci. (Economics)</p><p>bldg. 3, bld. 19, Michurinskii Avenue, Moscow, Russia, 119192</p></bio><email xlink:type="simple">kafedra612@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Минченкова</surname><given-names>А. М.</given-names></name><name name-style="western" xml:lang="en"><surname>Minchenkova</surname><given-names>A. M.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Александра М. Минченкова, кандидат экономических наук</p><p>111395, Россия, Москва, ул. Юности, д. 5</p></bio><bio xml:lang="en"><p>Aleksandra M. Minchenkova, Cand. of Sci. (Economics)</p><p>bld. 5, Yunosti Street, Moscow, Russia, 111395</p></bio><email xlink:type="simple">kafedra612@mail.ru</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Минченкова</surname><given-names>Л. М.</given-names></name><name name-style="western" xml:lang="en"><surname>Minchenkova</surname><given-names>L. M.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Лидия М. Минченкова, PhD</p><p>Av. Viel 1497, Santiago, Región Metropolitana, Чили</p></bio><bio xml:lang="en"><p>Lidiya M. Minchenkova, PhD</p><p>Av. Viel 1497, Santiago, Región Metropolitana, Santiago</p></bio><email xlink:type="simple">kafedra612@mail.ru</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru">ООО «Маилстоун Риал Эстейт»<country>Россия</country></aff><aff xml:lang="en">Milеstone Real Estate<country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru">Московский гуманитарный университет<country>Россия</country></aff><aff xml:lang="en">Moscow University for the Humanities<country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru">Университет Бернарда О’Хиггинса, Сантьяго<country>Чили</country></aff><aff xml:lang="en">Bernard O’Higgins University<country>Chile</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2021</year></pub-date><pub-date pub-type="epub"><day>02</day><month>12</month><year>2021</year></pub-date><volume>0</volume><issue>2</issue><fpage>45</fpage><lpage>58</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Федоров А.С., Минченкова А.М., Минченкова Л.М., 2021</copyright-statement><copyright-year>2021</copyright-year><copyright-holder xml:lang="ru">Федоров А.С., Минченкова А.М., Минченкова Л.М.</copyright-holder><copyright-holder xml:lang="en">Fedorov A.S., Minchenkova A.M., Minchenkova L.M.</copyright-holder><license license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://scimanagement.elpub.ru/jour/article/view/46">https://scimanagement.elpub.ru/jour/article/view/46</self-uri><abstract><p>В статье рассматриваются важнейшие вопросы формирования инвестиционных отношений на рынках капитала. Определяются субъекты этих рынков, что не представляется возможным выполнить без уточнения понятия инвестиционных отношений. В статье приведен обзор зарубежных подходов к определению “Investor relations”. Для обоснования необходимости развития отношений дан анализ развития инвестиционного рынка с привлечением населения и возможностей для инвестирования в РФ. Обоснована необходимость создания IR-отделов компаний как основных коммуникаторов с рынками инвестиций. Подробно рассмотрены вопросы функционала IR-отделов компаний, определены направления их деятельности и требования, предъявляемые к персоналу этих отделов.</p></abstract><trans-abstract xml:lang="en"><p>The article discusses the most important issues of forming the investment relations in the capital markets. It defines the subjects of those markets, which does not seem possible to do without clarifying the investment relations concept. There is an overview of foreign approaches to the definition of “Investor relations”. To substantiate the need for elaborating relations the authors give an analysis of the investment market development with the involvement of the population and opportunities for investment in the Russian Federation. The necessity for creating the IR-departments of companies as the main communicators with investment markets is also substantiated. The issues of the functionality of the IR departments of companies are considered in detail, the directions of their activities and the requirements for the personnel of those departments are defined.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>инвестиции</kwd><kwd>инвестиционные отношения</kwd><kwd>эффективность инвестиций</kwd><kwd>рынки капитала</kwd><kwd>структура инвестиционного рынка</kwd><kwd>качество персонала</kwd></kwd-group><kwd-group xml:lang="en"><kwd>investments</kwd><kwd>investment relations</kwd><kwd>investment efficiency</kwd><kwd>capital markets</kwd><kwd>structure of the investment market</kwd><kwd>quality of personnel</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Botosan, Plumlee 2002 – Botosan C.A., Plumlee M. Are-examination of disclosure level and the expected cost of equity capital // Journal of Accounting Research. 2002. Vol. 40. 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