IMPROVING THE EFFECTIVENESS OF CORPORATE GOVERNANCE
Abstract
Purpose. The aim of the article is a search of theoretical foundation for the development of effective methods of management corporations as a subject of economic relations in Ukraine. Methodology of research. The theoretical and methodological basis of the research is fundamental provisions of modern economic theory, scientific works of domestic and foreign scientists, normative and legislative acts of Ukraine concerning establishment of the corporate sector. During the research were applied the following methods: analysis and synthesis – to study the object and subject of the study; graphic – for a visual display of relationships between the studied indicators, abstract and logical (theoretical generalizations and formulation of conclusions); constructive and experimental (improvement of the management system by the corporations). Methods of systems analysis and logical generalizations, synergistic approach were used in the analysis of the essence and economic content of categories “corporation”, as well as in substantiation the mechanism of intensify the process of corporatization in the national economy of Ukraine. Findings. It has been established regularity of ensuring the effectiveness of corporate governance at the domestic enterprises; constituent dominants of influence on the formation and development of corporations in Ukraine have been detected and systematized. It has been substantiated the theory of institutionalism in increasing the effectiveness of corporate governance. So, it has been determined that the improvement of corporate relations is the basis of ensuring the effective functioning of the corporation. Originality. The scientific novelty of the article is the development of theoretical provisions and elaboration of the conceptual approach to theoretical comprehension of understanding the concept “corporate governance” as a specific organizational form, the essence of which reflects the goals, objectives and structure of the association of corporate relations as a means of providing them with financial and property rights. Practical value. The obtained results are the basis for solving practical problems of corporate governance at the domestic enterprises. Revealed tendencies allow to formulate the institutional arrangements of improving the management of the corporation that will enable to manage efficiently the financial part of the process of expanded reproduction in joint stock ownership.
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