Momot T. Value-oriented Organization & Economic Mechanism of Corporate Governance in the Joint-stock Companies: Theory, Methodology and Practice

The object of investigation: the process of functioning of the joint stock companies of construction industry. The aim of investigation: theoretical & methodological substantiation of the value-oriented governance approach, and implementation the proposals concerning the forming of the value-oriented organization and economic mechanism of corporate governance in the joint-stock companies for optimization of the corporate relations, harmonization of all corporate system participants interests and maximization the capitalization of the joint-stock companies. The methods of investigation: system, logic, dialectics, mathematical modeling, statistical and technical-economic analysis, historical-economic analysis system-structural analysis, multicriterial approach, method of comparative analysis, structural modeling. Specified: On the bases of these approaches the corporate governance is defined as the system of internal and external mechanisms directed to the optimization of the corporate relations, harmonization of all corporate system participants interests and realization of the effective investment process in the joint stock company for its capitalization maximization. Developed: The corporate governance quality integrated index in accordance with the international quality standards ISO 9000 is proposed. Introduced: value-oriented organization and economics mechanism of the corporate governance. Field of implementation: joint-stock companies, research institutes and higher educational establishments.