Yu. Petlenko, PhD in Economics, Associate Professor Kyiv National Taras Shevchenko University, Kyiv INSTITUTIONAL ANALYSIS OF FINANCE VERTICALLY INTEGRATED STRUCTURE IN UKRAINE

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The article defines the content of the economic and institutional conditions of the financial mechanism of vertically integrated structures in Ukraine, considered the organizational form of vertical integration and describes their impact on the distribution of property between the parties depending vertically integrated structure based on ownership interests. The role of the financial mechanism of the vertically integrated company, identified ways of harmonizing relations between the state, the owners, managers and lenders that promote economic growth and high levels of capitalization. Therefore, the value of the company must be regarded as one of the main indicators of its effectiveness, so the task of identifying and managing the value refers to the priorities of corporations.

Keywords: institutional environment, financial mechanism, vertical integration, the corporate form of capital, financial capital, the company’s value.

DOI: http://dx.doi.org/10.17721/1728-2667.2014/154-1/14

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