Scientific and practical journal
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Regional Economy
   



Journal Regional Economy -- re2014.04.205

Repository of Institute of Regional Research Repository of Vernadsky Library UDC 658.014.1(477)
Denys, O. B. (2014). Analitychni doslidzhennya korporatyvnykh konfliktiv v anhlo-amerykans'kiy i nimets'kiy (kontynental'niy) modeli korporatyvnoho upravlinnya [Analytical studies of corporate conflicts of English-American and German (continental) model of corporate governance]. Rehional'na ekonomika - Regional Economy, 74(4), 205-211. [in Ukrainian].
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Authors

Resume

Corporate conflicts are an integral part of the corporate sector and can not be completely avoided, however on condition of building effective mechanisms for resolving corporate conflicts, scale of losses and the negative effects they cause can be significantly reduced. Purpose of this article is to study the prerequisites and mechanisms for resolving corporate conflicts in the English-American and German (continental) model of corporate governance to justify the practice areas of improvement of the national regulation of corporate conflicts. Research of foreign experience allowed to distinguish such factors that influence on appearance and resolving of certain forms of corporate conflicts: concentration and structure of corporate property, position of key participants of corporate relations, role of the state, performance of the stock market. Certainly, that in English-American model the dominant corporate conflicts are conflicts of category “ principal-agent “ between shareholders and managers and principal reasons that assist appearance of corporate conflicts in a model are: the dispersed ownership, limit nature of influence of investors on a management and control of guidance, unlimited authorities of board of directors of corporation. It is marked that models inherent frequent and scale corporate conflicts. It is noted that the resolution of corporate conflicts in this model has following features: the active role of shareholders, proper judicial protection of investors, the rapid changes in legislation towards prevention of conflicts. Research of European experience allowed to distinguish the next features of corporate relations in a continental model: the concentrated ownership structure, two-tier control system, active role of trade unions. It is marked that frequency and scale of corporate conflicts in the European countries, than in the USA is lower. It is shown that in European model of corporate conflicts the more frequent are ownership conflicts that arise up through overuse of majority investors. It is noted that the resolution of corporate conflicts in the model inherents the following features: proper control of management and the powerful influence of employees.

Keywords:

corporate relations, model of corporate governance, corporate conflict


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