Organizational and Economic Levers of Activation of Corporate Governance in the Innovative Activity of Joint-Stock Companies of Ukraine

Abstract

The main problems related to the low level of innovation are analyzed activity in Ukraine, sources and causes of these problems have been investigated, as well as directions of their solution and organizational and economic mechanisms have been proposed innovative activities activation to ensure economic development of the country. It is noted that vertically integrated corporate structures are especially effective for innovative development. Author’s vision of the innovative management process is presented development of integrated association of enterprises, interaction of mechanisms of corporate integration and management of innovation activities and mechanism of innovative and integrative development of enterprises corporate association. It was unsubstantiated nature of mergers and acquisitions of joint stock companies as the processes of redistribution of equity control. Author generalized nature for obtaining corporate control over the joint-stock companies in the course of operations of a hostile M & A. and considered it mechanisms. Then it was proposed classification of the main types of mergers and acquisitions of enterprises. Also it was generalized approach to formation of a monitoring system of benchmarks that identify possibility of attempts at hostile mergers and acquisitions over the strong and weak signals. It was summarized systems of measures that can be used to counteract this process reviewed. possible variants infringement of the rights and interests of shareholders through unpredictable changes in the size or structure of the share capital in the implementation of the operations of a hostile M & A. Author substantiated composition of factors in the formation of the company attractive for attempts a hostile mergers and acquisitions. Finally it was defined criteria for evaluation of optimal ways to protect the Company against attempts of hostile mergers and acquisitions.