Efficiency and internationalization of mining and ­metallurgical groups of Ukraine

Abstract

Purpose. Development of a structural and systemic approach to determining the effectiveness of the functioning and internationalization of the country’s mining and metallurgical industrial groups and the formation of their possible development vectors. Methodology. The results of the presented scientific research were obtained using general and special methods of cognition: abstract-logical analysis, systematization and combination, method of theoretical generalization, method of dialectical cognition, deduction and induction, statistical analysis, econometric method of trend formation. Findings. Approaches to the determination of performance indicators and the level of internationalization of mining and metallurgical industrial groups, which were dynamically formed in the modern conditions of the functioning of multinational companies, were systematized. Principles of calculation, system of indicators of efficiency and level of internationalization, which were chosen to evaluate the leading mining and metallurgical industrial groups of Ukraine, and methodical approaches to the calculation of performance indicators and evaluation of the level of internationalization were substantiated, and analytical conclusions were formulated. The forecast was made and the development vectors of the country’s leading mining and metallurgical industrial groups were established based on the econometric calculations. Originality. Structural and systemic approach was justified to measuring the efficiency of operation and the level of internationalization of mining and metallurgical industrial groups of Ukraine, which is built on the principle of hierarchy, includes logically consecutive stages and provides an opportunity to determine the actual development vectors of mining and metallurgical industrial groups of Ukraine based on the econometric trend. A close relationship was established (on the basis of the calculation of the coefficient of determination) of performance indicators and the level of internationalization of mining and metallurgical industrial groups of Ukraine with the time factor. At the specification stage, trends (parabolic, logarithmic, hyperbolic, linear ones) were selected, their parameters were estimated by the method of least squares. The statistical significance of the equation was tested using the coefficient of determination and Fisher’s test. Practical value. It consists in the possibility of using the results of the conducted research for scientific developments and practical activities. The feasibility of systematic use of performance indicators and the level of internationalization in the practical activities of the leading mining and metallurgical industrial groups of Ukraine has been proven. The structural and systemic approach, which is built on the principle of hierarchy, provides an opportunity to determine the current development vectors of the leading mining and metallurgical industrial groups of Ukraine .