The role of goal setting in the mechanism of the management of sustainable regional development

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...