CORPORATE MANAGEMENT EFFICIENCY ESTIMATION AT THE ENTERPRISE
Journal Title: Проблеми і перспективи розвитку підприємництва - Year 2013, Vol 1, Issue 5
Abstract
The development of joint stock companies as an effective form of enterprises in Ukraine led to the need to develop theoretical principles and practical guidelines for the implementation of effective corporate governance. The first step in this direction should be to develop methods for evaluating the effectiveness of corporate governance in the company. The subject of the study is an aggregate of theoretical and methodological principles of corporate governance at the company. The purpose of this article is to develop recommendations for evaluating the effectiveness of corporate governance in Ukrainian enterprises. The study used the method of logical analysis in the studied literature and summarizing the information presented on the evaluation of corporate governance, the method expert survey to collect information and ranking method for determining the integral index of corporate governance. Problems and perspectives of the corporate management formation in Ukraine and problems of the corporate management efficiency determination at the enterprise are examined; the known methods of the corporate management efficiency estimation are researched; their essence is described and the objects of the estimation are defined; the method of the corporate management efficiency based on enterprise activity correspondence to the principles of the corporate management (the correspondence between the aims of enterprise and the its stakeholders’ interests, maintenance of the stakeholders’ rights, effective work of the supervisory board and the management, opening information about the enterprise and transparence of its activity, its financial-economical activity control, interaction with persons concerned) and financial results of enterprise activity (financial result of usual activity before taxation, total costs, profitability) is offered; interconnection between the principles of the corporate management with objects of the estimation is shown; corporate management efficiency estimation of the national enterprises is done, and corporate management efficiency integral index is defined in the article.
Authors and Affiliations
Kseniia Gorova
Keywords
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