Restructuring of the corporate sector of national economy: content and mechanism of realization

• Main Author: S. I. Gusakov
• Format: Article
• Language: Russian
• Published: Grani 2016-08-01
• Series: Aspekti Publìčnogo Upravlìnnâ
• Subjects: реорганізація підприємства; державне управління; корпоративне підприємство; реформування; напрями реформування
• Online Access: https://aspects.org.ua/index.php/journal/article/view/294

The article is devoted to the consideration of the definition and content of the national economy’s corporate sector restructuring. Restructuring has been studied in the narrow and broad understanding. In the broad conception, restructuring has been defined as a system of structural and institutional changes both inside the enterprises and out of them that influences the competitiveness of the corporations and its alliances, and also its activity effectiveness. In the narrow conception the restructuring has been defined as structural changes in the corporate economics in order to optimize its activity. A lot of attention has been given to the necessity of priorities changes from intention only to increase pure income to the intention to create balance between social and private interests. Otherwise the rising difference between rich and poor population will become extremely big. The author has come to the conclusion that restructuring and reformation are synonymous categories and that there are different kinds of restructuring such as structural, economic, adaptive and complex. The last one includes all the previous. Besides, according to the valid legislation, restructuring also includes legal measures in order to improve corporate sector of national economy. Thus, despite the opinion of the most of scientists, the institutional changes are now the part of the restructuring of the corporate sector of national economy. It has been suggested to distinguish three directions of the restructuring: inner corporate restructuring; restructuring of relations; economics conditions restructuring. Inner corporate restructuring includes property forms changes, entity structure changes, capital structure changes, form of incorporation changes, management bodies changes, management changes, staff politics changes, reorganization, liquidation, privatization, corporatization. Restructuring of relations includes sales market changes, conversion of enterprises, diversification, contractor’s changes, property assignation, lease, concession, franchising, debt’s restructuring, changes of credit politics, technical supplement, using alternative power sources, standardization etc. Economics conditions restructuring includes regulation and legislation changes, tax regulation changes, currency market changes, changes in credit policies, changers in stock market. Accordingly, every restructuring direction includes many mechanisms of its possible fulfillment. The author has distinguished twenty six mechanisms all the restructuring and they are presented in the table form.The corporate management models’ use in correlation to corporate restructuring models has been described in the article. The author has come to the conclusion that pragmatic model of the corporate restructuring is more preferable in comparison with world recognized valuable model because of the peculiarities of the post-social economy in Ukraine.