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Financial Analytics: Science and Experience
 

Corporate sector in the banking crisis in Ukraine

Vol. 8, Iss. 42, NOVEMBER 2015

PDF  Article PDF Version

Received: 21 May 2015

Received in revised form: 12 October 2015

Accepted: 19 October 2015

Available online: 12 November 2015

Subject Heading: RELIABILITY OF FINANCIAL INSTITUTIONS

JEL Classification: 

Pages: 38-50

Pavlov K.V. Kamsky Institute of Humanitarian and Engineering Technologies, Izhevsk, Udmurt Republic, Russian Federation
kvp_ruk@mail.ru

Nosova O.V. Kharkiv Institute of Banking, University of Banking, National Bank of Ukraine, Kharkiv, Ukraine
nosova1982@mail.ru

Importance The article analyzes the corporate sector development during the banking crisis and identifies the main approaches to investigating corporate structures by applying the theory of management hierarchy and networks.
     Objectives The corporate sector's operations are obstructed as there are no authentic market companies, whose securities actively circulate in the market.
     Methods The research draws upon the systems approach to examining conceptual and methodological difficulties in the interaction of the banking system and the corporate sector of Ukraine under a deep financial crisis.
     Results Various business forms and methods require using informal types of economic behavior that serve as stabilizers and make the system adaptable as needed. The national stock market of Ukraine evolves, supplies the Ukrainian economy with financial resources and increases income of market actors. In 2014, the national stock market used more and more sovereign bonds, thus demonstrating the growing importance of the State as a borrower of financial resources.
     Conclusions and Relevance Institutional changes in the Ukrainian economy are contradictory and inconsistent. There should be a mechanism for effective operations of the corporate sector during the banking crisis in Ukraine, thus supporting corporations and enabling them to penetrate global stock markets.

Keywords: corporate governance, banking crisis, institutional changes, Ukraine, economic crisis

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