FINANCES OF THE INSTITUTIONAL SECTORS

REDZIUK Yevhenii ¹

¹SI “Institute of the Economy and Forecasting of the National Academy of Sciences of Ukraine”
OrcID ID : https://orcid.org/0000-0001-5592-5121

Actual problems of formation of private corporate ownership effective institutions in Ukraine

Since Ukrainian independence corporate structure of Ukraine has transformed substantially. It has changed by type of property from the state to private one, but differentiates a lot from the similar foreign institutions and demonstrates significant shortcomings. This is largely due to the lack of sustainable, open and transparent corporate property institutions created at the state level. Private sector has also failed in establishing effective, self-regulating, competitive mechanisms of property transformation in Ukraine. Herewith close ties between domestic big business and government officials have led to degradation of corporate structures, and deformation of their functioning conditions. The author has developed a list of recommendations to adapt the corporate structures of Ukraine to international standards: 1) to separate the joint-stock private property from the government officials and divide the corporate entities into corresponding groups; 2) to implement an efficient algorithm of the state property transformation into private one; 3) to reform national legislation in the field of corporate governance and bring it closer to the Western European standards

Keywords:property, corporate property institutions, corporate structures, corporate management

JEL: G30, G32

REDZIUK Y. . Actual problems of formation of private corporate ownership effective institutions in Ukraine / Y. . REDZIUK // Фінанси України. - 2014. - № 6. - C. 112-125.