Berezianko T. Institutional instruments of corporate sector development in the framework of social state (by example of oil and fat industry)

Thesis suggests solution for scientifically applied issue of socially justified methodology of corporate governance in conditions of steady growth. The thesis provides for theoretical basis of institutional theory, interests and opportunism, property and collective wellbeing in the context of growing conflict of relations when managing key components of market society: funds- labour - state. The work shows transformation how the consequences of relations unfold from the point of view of dependencies between the owner (operator), social unit and the regulator (state, society, community). Key link between the elements in this trigram is placed on the interest and not on the needs. Evolution of national economic development demonstrates that such facts as overall downturn and cumulated recession result from the organizational failure as well as inability to design and implement the strategy for directing society towards market and socially - oriented relations between all its elements, that is to build non-conflictual model of growth and development. The thesis provides the study of nature, strategy and tools for corporate sector development in the framework of social and wellness oriented state, using the best practice of EU countries. The analysis of the outcomes of the study brings out the key aspects of the existing practice of oil and fat industry oligopoly core's enterprises. The author suggested own methodology, based on econometrical model, for forecasting potential outcomes of the proposed adjustments in corporate governance of oil and fat industry enterprises. The work provides an algorithm and the model of practical implementation of the concept of economic and corporate mediation of modern market society components. The analysis was made both at single enterprise level and at the industry as a whole.