Model of Evaluation of the Management Effectiveness of State Corporate Rights of Industrial Enterprises in Ukraine
DOI:
https://doi.org/10.12775/OeC.2014.028Keywords:
evaluation of enterprises, efficiency of management, integral performance criteria, ordinal regressionAbstract
This paper proposes a method for increasing the efficiency of state corporate rights management of industrial enterprises by clarifying the evaluation of the efficiency of their management. This method is a model of comprehensive evaluation of enterprises on the basis of data that resulted in the reporting documents. Three groups of indicators were adopted and included: commercial, non-commercial and managing criteria. Integral performance criterion is the weighted sum of those three groups. Model performance evaluation was built using ordinal regression. Based on this model estimate the efficiency of state corporate rights management of industrial enterprises was obtained more accurately, providing a wide range of estimates.
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References
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Bühl, A. & Zöfel, P. (2005). Einführung in die moderne Datenanalyse unter Windows. 9. Auflage. München: Pearson Studium.
Chikhacheva, J. S. (2010). A management constitutional corporate laws is in Ukraine. Aktualni problemy ekonomiky, 4 (Ukranian).
Copeland, T., Koller, T. & Murrin, J. (2000). Measuring & Managing the Value of Companies. New York: John Wiley & Sons.
Jensen, M. C. (2001). Value maximization, Stakeholder theory, and the Corporate objective function, The Monitor Group and Harvard Business School.
Kendall, M. G. (1990). Rank Correlation Methods. London: Edward Arnold.
Legislation of Ukraine: Official website of the Verkhovna Rada of Ukraine. Retrieved from:
http://zakon4.rada.gov.ua/laws/show/z0477-09 (15.02.2013).
Malhotra, N. (2007). Marketing Research: An Applied Orientation. Prentice-Hall, Inc.
McCullagh, P. (1980). Regression models for ordinal data (with discussion). Journal of the Royal Statistical Society-Series, 42.
Menard, S. W. (2001). Applied Logistic Regression Analysis. New York: Sage Publications.
Nedoroslev, S. G. (2006). Features of joint-stock companies with state participation. Ekonomika Rossij: tendencii, perspektivy,vozmozhnosti. Moskov: Inion Ran (Russian).
Povahznyi, A. S. (2003). Estimation of financial potential of corporation. Regionalnye perspektivy, 5(6) (Russian).
Povahznyi, A. S. (2003). Estimation of financial potential of corporation. Regionalnye perspektivy, 5(6) (Russian).
Reports and FAQs, State Property Fund of Ukraine (2010). Retrieved from: http://www.spfu.gov.ua (31.12.2010).
Tarash, L. I. (2005). Economic realization of joint-stock property in industry. Ekonomika promyslovosti, 1. (Ukranian).
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Voronkova, A. E. (Ed.) (2008). Diagnostics of the state of enterprise : theory and practice. Kharkiv: Economical University Press (Ukrainian).
