| Issue |
SHS Web of Conf.
Volume 89, 2020
Conf-Corp 2020 – International Scientific-Practical Conference “Transformation of Corporate Governance Models under the New Economic Reality”
|
|
|---|---|---|
| Article Number | 01009 | |
| Number of page(s) | 7 | |
| Section | A Shift in the Corporate Governance Paradigm in the Context of the Technological Transformation and the Coronavirus Crisis | |
| DOI | https://doi.org/10.1051/shsconf/20208901009 | |
| Published online | 23 December 2020 | |
Dynamics of the transition of corporate governance models of the Republic of Tatarstan from “oligarchic” to innovative ones through strategic regional management
1 The Center for Advanced Economic Research of the Academy of Sciences of the Republic of Tatarstan
2 Kazan State Power Engineering University, Kazan
3 Kazan State University of Architecture and Engineering, Kazan
4 Kazan (Volga Region) Federal University, Kazan
* Corresponding author: nazilya_sf@mail.ru
The article examines the dynamics of the transformation of corporate governance in the Republic of Tatarstan. The author’s approach is presented, according to which the strategic regional development affects the corporate governance system of the organization. The analysis of enterprises from various industries of the Republic of Tatarstan has been carried out and the leading ones have been selected. Further, according to the indicators of these organizations, calculations were made using the Altman five-factor model for 5 years. The chosen model and time period allow to reliably trace the dynamics of the company’s economic potential and the results of its development for the reporting periods. The obtained results of the analysis and calculations showed that the corporate governance of enterprises changed the trend and began to move to an innovative type. Regional development strategies have a positive impact on corporate governance of enterprises. Moreover, an important point is that by means of regional development strategies, organizations themselves are interested in improving the corporate governance system. Thus, the impact on enterprises and their changes do not occur “top-down” (authoritarian, edifying), but “bottom-up” (the organization itself seeks to meet modern requirements in order to be economically efficient).
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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