پیاده سازی محیط سرمایه گذاری راحت
Abstract
The issues of formation of corporate control and management have always been at the center of studies by both theorists and representatives of the real sector of economy, which is due to the importance of the corporate sector for the national economy. But on the other hand, the constant interest in the topic is fueled by the contradictions and dualism in theoretical works. The article is proposed as a review paper devoted to the research problems of the efficiency of the corporation’s capital concentration, based on the discussion of these problems, the authors plan to develop a universal system of criterion indicators for a comprehensive assessment of the corporation’s development results. Since it is impossible to separate the economic and institutional aspects of concentration, the interests of owners and investors in modern conditions, the formation of a universal evaluation system will make comparable the efficiency assessment of corporations of different scales, form of ownership, ownership structure and will answer one of the most important questions about the existence of an objective limit of expediency of further capital concentration. It is new that as the main result of the criterion for managing the capital concentration, the authors suggest harmonization of relations between investors, and in this connection an attempt is made to identify and analyze the contradictions arising between the interests of minority and majority investors in connection with the use of financial resources of corporations. The authors also hope to develop recommendations for the efficiency assessment of capital concentration from the point of view of the minority investor and use the available methods, as well as suggest a number of measures to smooth out the revealed contradictions. The most significant result of the implementation of this method should be an increase in the investment attractiveness of corporations as a result of the formation of the more comfortable investment environment.
Economic efficiency has always attracted the interest of economists from different schools and directions, who studied its essence, proposed various criteria and systems of quantitative indicators for evaluation. A special place is occupied by works devoted to the research in the field of theory and methodology of assessing the economic efficiency of a corporation. This form of efficiency is a leading link in the economic relations of the national economy. In particular, works from Clark, C., Brown, J.A. (2015) deal with the effectiveness of corporate governance, and studies by Edward E. Lawler III and Jay A. Conger (2015) proposed a model for sustainable performance. From this point of view the recent work is also considered to be interesting (Mercato E.L., Platino V. 2017). Such attention is confirmed by the relevance of studying the issues of assessing the effectiveness of corporations.