The influence of corporate management on economic development and growth
The purpose of the article is to identify the impact of corporate governance on the economic development and growth of the state. The article proposes possible channels for the growth and development of corporate governance: good corporate governance can expand companies' access to external fin...
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| Format: | Article |
| Language: | English |
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Zaporizhzhia National University
2022-10-01
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| Series: | Менеджмент та підприємництво: тренди розвитку |
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| Online Access: | https://management-journal.org.ua/index.php/journal/article/view/394/202 |
| _version_ | 1797786012940763136 |
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| author | Halyna Kryshtal |
| author_facet | Halyna Kryshtal |
| author_sort | Halyna Kryshtal |
| collection | DOAJ |
| description | The purpose of the article is to identify the impact of corporate governance on the economic development and growth of the state. The article proposes possible channels for the growth and development of corporate governance: good corporate governance can expand companies' access to external financing, which, in turn, contributes to the attraction of new investments, higher rates of economic growth and the creation of new jobs; good corporate governance can reduce the cost of capital and increase company value, making investment more attractive, leading to further economic growth and increased employment; effective management increases operational efficiency due to better allocation of resources and improvement of management, helps more equal distribution of welfare; effective corporate governance reduces the risk of a financial crisis, which can cause devastating economic and social consequences; effective corporate governance leads to improved relations with all interested parties (stakeholders) and, accordingly, improved labor relations, as well as creating conditions for working on social problems, in particular, issues of environmental protection.
The theoretical and methodological basis of the research is represented by the scientific works of leading scientists in the field of corporate governance, as well as the author's interpretation of the impact of corporate governance on the economic development and growth of the state. In the research process, such methods as analysis and synthesis, the method of historical and logical modeling were used. As theoretical methods, the formalization method, the "from abstract to concrete" method, as well as the historical method and the method of economic interpretation are used in the work. From a practical point of view, the method of grouping statistical data, statistical and econometric analysis was also used in the study. |
| first_indexed | 2024-03-13T01:02:07Z |
| format | Article |
| id | doaj.art-778280509f794b8eb2bc0387d4df4f75 |
| institution | Directory Open Access Journal |
| issn | 2522-1566 |
| language | English |
| last_indexed | 2024-03-13T01:02:07Z |
| publishDate | 2022-10-01 |
| publisher | Zaporizhzhia National University |
| record_format | Article |
| series | Менеджмент та підприємництво: тренди розвитку |
| spelling | doaj.art-778280509f794b8eb2bc0387d4df4f752023-07-06T11:23:18ZengZaporizhzhia National UniversityМенеджмент та підприємництво: тренди розвитку2522-15662022-10-01321162410.26661/2522-1566/2022-3/21-02The influence of corporate management on economic development and growthHalyna Kryshtal0https://orcid.org/0000-0003-3420-6253Interregional Academy of Personnel Management, Kyiv, UkraineThe purpose of the article is to identify the impact of corporate governance on the economic development and growth of the state. The article proposes possible channels for the growth and development of corporate governance: good corporate governance can expand companies' access to external financing, which, in turn, contributes to the attraction of new investments, higher rates of economic growth and the creation of new jobs; good corporate governance can reduce the cost of capital and increase company value, making investment more attractive, leading to further economic growth and increased employment; effective management increases operational efficiency due to better allocation of resources and improvement of management, helps more equal distribution of welfare; effective corporate governance reduces the risk of a financial crisis, which can cause devastating economic and social consequences; effective corporate governance leads to improved relations with all interested parties (stakeholders) and, accordingly, improved labor relations, as well as creating conditions for working on social problems, in particular, issues of environmental protection. The theoretical and methodological basis of the research is represented by the scientific works of leading scientists in the field of corporate governance, as well as the author's interpretation of the impact of corporate governance on the economic development and growth of the state. In the research process, such methods as analysis and synthesis, the method of historical and logical modeling were used. As theoretical methods, the formalization method, the "from abstract to concrete" method, as well as the historical method and the method of economic interpretation are used in the work. From a practical point of view, the method of grouping statistical data, statistical and econometric analysis was also used in the study.https://management-journal.org.ua/index.php/journal/article/view/394/202corporate managemententerprise developmenteconomic growtheffective managementdevelopment |
| spellingShingle | Halyna Kryshtal The influence of corporate management on economic development and growth Менеджмент та підприємництво: тренди розвитку corporate management enterprise development economic growth effective management development |
| title | The influence of corporate management on economic development and growth |
| title_full | The influence of corporate management on economic development and growth |
| title_fullStr | The influence of corporate management on economic development and growth |
| title_full_unstemmed | The influence of corporate management on economic development and growth |
| title_short | The influence of corporate management on economic development and growth |
| title_sort | influence of corporate management on economic development and growth |
| topic | corporate management enterprise development economic growth effective management development |
| url | https://management-journal.org.ua/index.php/journal/article/view/394/202 |
| work_keys_str_mv | AT halynakryshtal theinfluenceofcorporatemanagementoneconomicdevelopmentandgrowth AT halynakryshtal influenceofcorporatemanagementoneconomicdevelopmentandgrowth |