Finance-Credit Mechanism of Corporations: a New Insight against the Background of Modern Economic Theory
Journal Title: Бізнес Інформ - Year 2015, Vol 7, Issue 0
Abstract
The article is aimed at consideration of essence of the concept of «finance-credit mechanism of corporation» in the context of the modern theory of firm, making use of methodological potential of the system paradigm. An analysis of the scientific heritage of Ukrainian and Russian scientists on interpretation of the notion of «finance-credit mechanism» has revealed that all definitions are implicitly or explicitly correlated with basic provisions of several conceptions within the organization theory. The essence of the concept of «finance-credit mechanism of corporations» was examined through prism of the basic approaches (system, resource, process) to organization management, whereby was found that the original attribute, which impregnates the appropriate explanation of the essence of financial-credit mechanism as an organizational framework for «stringing» the properties, characteristics and relationships, is the system attribute. An integration conception of finance-credit mechanism has been suggested, which has become the basis for the author's interpretation of the indicated notion in a broad sense. The integration concept of finance-credit mechanism can become a platform for combining other theoretical concepts, such as corporate social responsibility or sustainable development, providing theoretical and methodological substantiation for development of a model of financial-credit mechanism for sustainable development of corporations.
Authors and Affiliations
Irina Vasylchuk
Keywords
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