The Corporate Integration process Development of Enterprises Associations in the Conditions of Transformations and Changes

Abstract

The article examines the types, meanings and processes of corporate integration, their influence on the formation and development of the corporate integration environment. The main reasons for inhibiting such development, the creation of integrated corporate structures and mechanisms, their features and significance for the stabilization of the economy of Ukraine in the conditions of transformational changes are considered. The study of integration processes, their nature, and economic significance made it possible to generalize theoretical definitions of the very essence of integration and its types, to emphasize that in the conditions of modern economic development, one of the forms of integration development is the creation of integrated corporate structures. Integrated corporate structures are an effective form of consolidation of investment resources, knowledge-intensive technologies and production capital, that is, they are the most optimal organizational form for implementing the innovation process. The formation of integrated corporate structures in Ukraine can become one of the tools of counteraction to foreign competitors, the creation of large export-oriented structures that can make investments in enterprises of related industries in order to guarantee their supply of raw materials, sales of products, filling the domestic market with domestic products; consolidation of financial resources of enterprises, stabilization, social condition in the regions of economic presence of companies in view of the creation of new jobs, increase of the tax base through loading of existing and deployment of new productions of their capitalization. It is worth noting that an important factor in the stabilization and growth of the competitiveness of the national economy is the improvement of the policy of state stimulation of the activities of corporations. State policy in the corporate sector should be aimed at supporting, establishing and operating integrated corporate structures, which would ensure the saturation of the domestic as well as the world commodity market, promote the integration of production and intellectual capital, expand the scope of participation in the international division of labour and transform them into full-fledged transnational companies.