THE COMPARATIVE ANALYSIS OF CORPORATE ORGANIZATIONAL LEGAL FORMS IN UKRAINE AND EU
Journal Title: Проблеми і перспективи розвитку підприємництва - Year 2017, Vol 2, Issue 3
Abstract
Given impact of European integration processes and the growing interest of the state to en- hance the corporate sector of Ukraine is topical question in the study of the current state of the corporate sector. This article provides a comparison of some fundamental indicators of the corporate sector of Ukraine and Europe in order to identify the differences and determine their causes and consequences. An objective is to develop concrete solutions to one of the urgent problems, namely to identify the causes of imperfect vision of the essence of corporate governance in Ukraine and offer modern vision of the classification of types of a business entity in their relation to the corporate sector. To achieve this goal, it is necessary to identify the causes of the problems and the consequences of their impact on the structural indicators, indexes of efficiency and utilization of the investment potential of Ukrainian enterprises. The paper contains a comparative analysis of corporate ownership of Ukraine and the EU, matching their structural indicators of economic activity and profit- ability compared to the analyzed systems. The study found significant differences in understanding the types of business entity that should be at- tributed to the corporate sector, and which have only signs of and lack of legislative framework. It was discovered that about 96% of corporate enterprises in Ukraine in the understanding of Europe cannot be attributed to the corporate sector, making it impossible to compare the state of corporate governance Ukraine and the EU. Compar- ing profitability, it was found that ¾ enterprises COP Ukraine is profitable but the total damage more than twice higher than the income. While profitability in the EU crisis years does not decrease below 30%. A comparison of structural indicators of economic activity revealed that economic targets both corporate sectors. At a time when European corporations are more focused on the production of high-end products and in- formation, Ukrainian quarter engaged in the production of raw materials that inherently has low profitability. This is caused by large amounts of damage in industry and agriculture. The elements of scientific novelty and value of work must include the results of comparative analysis of corporate types of business entity in Ukraine and the EU, analysis and identification of the reasons of outlined problems and proposed alternative classification types of business entity with clear guidelines for its implementa- tion and legislative framework. This classification distinguishes the Ukrainian enterprises as those that refer to corporate enterprises, enterprises with corporate features and non-corporate enterprises. The perspectives of further development of the outlined topics include the following vectors. Firstly, fur- ther search of the differences and problems of the corporate sector in Ukraine. Secondly, to find ways and meth- ods to resolve identified problems with European experience. Thirdly, it is necessary to develop practical schemes and algorithms in order to bring the Ukrainian corporate sector to the competitive position and to prepare its ef- fective integration into European space.
Authors and Affiliations
Viktoriia Tretiak, Maksym Bieliai
Keywords
Related Articles
- EP ID EP462319
- DOI -
- Views 120
- Downloads 0
RESTRUCTURING OF ENTERPRISE AS BASIC INSTRUMENT OF HIS REFORMATION
The article deals with current issues related to the restructuring of enterprises, the essence and the place of enterprise restructuring in the system had been studied to ensure its competitive sustainability. The subj...
ENVIRONMENTAL MANAGEMENT IN FORESTRY’S FOREIGN TRADE
The paper proves the feasibility of systemic approach to the environmental management of foreign trade in forestry and defines the components of the general integrated process of environmental management. Complexity of...
FORMATION OF EFFICIENCY ADMINISTRATION SYSTEM AT PASSENGER BUS STATIONS
This article is devoted to extension of theoretical and development of scientific and methodological bases of passenger bus stations work efficiency administration. The main aim of this article to determine the compositi...
PERSONNEL MANAGEMENT OF INDUSTRIAL ENTERPRISES AND COMPREHENSIVE EVALUATION OF ITS EMPLOYMENT
The article organization of management process is analyses by development of personnel of industrial enterprise and his complex estimation on indexes: level of average monthly salary of workers, coefficient of correlatio...
ВИЗНАЧЕННЯ ЕКОНОМІЧНОЇ СУТНОСТІ КРИЗИ ПІДПРИЄМСТВА ТА ОСНОВНИХ ЇЇ ВИДІВ
Погіршення господарського стану вітчизняних підприємств в умовах економічної та політичної нестабільності в країні обумовлює необхідність розробки науково-методичних засад з антикризового управління. Особливої уваги засл...