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Comprehensive assessment of corporate governance quality of industrial enterprises

Vol. 21, Iss. 37, OCTOBER 2015

PDF  Article PDF Version

Received: 1 April 2015

Received in revised form: 20 April 2015

Accepted: 4 June 2015

Available online: 19 October 2015

Subject Heading: BUSINESS VALUE

JEL Classification: 

Pages: 45-51

Tagaverdieva D.S. Dagestan State Institute of National Economy, Makhachkala, Republic of Dagestan, Russian Federation
tagaverdieva@yandex.ru

Importance Due to transition to market relations, the importance of efficient corporate governance is growing. In the modern world, the ability to effectively use various tools of corporate governance becomes a significant factor for companies and States that focus on attracting national or foreign capital on the global scale.
     Objectives The study aims to develop and substantiate an integrated mathematical model to improve the quality of corporate governance at industrial enterprises.
     Methods The integrated approach determined the choice of specific methods of research, i.e. ranking score, comparison and benchmarking.
     Results Based on the analysis of corporate governance quality, I identify criteria of company appeal, including the rights of shareholders and investors, the activity of the Board of Directors, corporate social responsibility etc. The analysis helps conclude that corporate governance enables to assess the status of a company and the corporate ethics quality. I have developed a new integrated model that determines the quality of corporate management at industrial enterprises.
     Conclusions and Relevance Under transition to market conditions, perfecting the quality of corporate governance is a basis providing a competitive ability of enterprises and comfortable conditions for investors. The integrated and adapted mathematical model and a number of indicators included in the analysis may help significantly improve the corporate governance quality.

Keywords: corporations, joint stock company, rating, investment, shareholders

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