O. Chumak, Methodological provision of transparency of economic activity of state-owned enterprises.

Abstract

The lack of disclosure of objective information on the results of activities and the property status of state-owned enterprises does not allow understanding the processes of the formation and use of their resources and the fulfillment of the purpose of creation and operation. Therefore, there is a need to introduce tools and mechanisms that will ensure transparency and symmetrical alignment of the economic information space for stakeholders in order to get an idea of the functioning of state capital. The purpose of the article is to justify the methodological provision of transparency of the economic activity of state enterprises in order to form and submit to the publication of qualitative indicators of reporting (financial and non-financial). The foreign and national practices of transparency and accountability of information of enterprises of the public sector are analyzed. On the basis of existing analytical studies, the rankings of some state-owned enterprises in terms of transparency are described. The content of the key methodological approaches existing in Ukraine to the disclosure of financial indicators and results of the economic activity of state enterprises is disclosed. The problems of the development of transparency of data of state enterprises are generalized and the development of corporate standards for the publication of objective information on the economic activity of state enterprises is recommended. Proposed components that take into account as much as possible the information about the implementation of activities, use of resources, aspirations for development, cooperation, etc. are given. To improve the transparency of management information on economic activity, the directions of disclosure of information on the development of state-owned enterprises are outlined. It is proposed to compile and publish reporting as an instrument of socially responsible activity, which reveals the relationship between strategy and risk, financial and non-financial indicators, corporate governance and indicators.