The Modern Essence and Composition of the Mechanism of Public Regulation of the Corporatization of Large State-Owned Enterprises in the Transport Infrastructure Sector

Keywords: mechanism, state corporations, corporate governance, large state enterprises, value management, subjects of influence.

Abstract

The paper aims to clarify the contemporary essence and component structure of the public regulation mechanism for the corporatization of large state-owned enterprises in Ukraine’s transport infrastructure sector.
The author draws an important conclusion that the transformation of the public management mechanism for the corporatization of large state-owned enterprises in Ukraine under the influence of digital technologies is an inevitable process that corresponds to global trends in the development of the public sector and the demands of modern society. This evolution aims to optimize the management of public values and promote a collaborative approach to decision-making. A key aspect of this transformation is the integration of big data and artificial intelligence technologies into the processes of analysis and forecasting of state-owned enterprises’ activities. This will enable the creation of more accurate and objective models for assessing the effectiveness of their functioning and predicting potential risks and opportunities. Thus, the corporatization process will become more transparent and substantiated, which will increase public trust in state institutions.
The implementation of value-based management based on public value management and collaborative governance in the activities and public management of large state-owned enterprises in the transport sector (e.g., JSC “Ukrzaliznytsia” and SE “AMPU”) will signify a substantial transformation of approaches to the functioning of this strategically important enterprise. This paradigm shift goes far beyond traditional corporate governance and linear management, creating a new model of interaction between the state, the enterprise, and society.

Downloads

Download data is not yet available.

Author Biography

Serhiy Gromov, V. N. Karazin Kharkiv National University, 4 Svobody Sq, Kharkiv, 61022, Ukraine

part-time postgraduate student of the Department of Economic Policy
and Management of the Educational and Scientific Institute «Institute of Public Administration»,
V. N. Karazin Kharkiv National University, 4 Svobody Sq., Kharkiv, 61022, Ukraine;
commander of volunteer formation No. 5 of Sumy Territorial Defense, Sumy, Ukraine

References

Valeeva, D. (2024). Corporate governance reform of state-owned enterprises in Ukraine. Liga.Zakon. Kyiv: Liga.Zakon. URL: http://surl.li/bjrtpr [in Ukrainian] (accessed 02.04.2024).

Gibadullin, O. V., Dunayev, I. V., & Gromov, S. O. (2024). Components of the industrial recovery system of regions under martial law in Ukraine. Bulletin of Postgraduate Education: Series “Social and Behavioral Sciences; Management and Administration”, (28), 57, 174-205. URL: http://surl.li/gmetaz. https://doi.org/10.58442/2522?9931?2024?28(57) [in Ukrainian] (accessed 02.04.2024).

Dobrovolska, V. V. (2023). Corporatization of state enterprises: Economic and legal aspects. Law and Public Administration, (3). DOI: https://doi.org/10.32782/pdu.2023.3.30 [in Ukrainian].

Corporate reform of the transmission system operator NEC “Ukrenergo” (2021). Ministry of Finance of Ukraine. Kyiv. URL: http://surl.li/sqpqjj [in Ukrainian] (accessed 02.04.2024).

Corporate strategy of SE “AMPU” until 2025. URL: https://www.slideshare.net/slideshow/2025-184797430/184797430 [in Ukrainian] (accessed 02.04.2024).

Moskalyuk, N. B. (2020). The mechanism of corporatization as a precondition for the termination of state ownership rights: Historical aspects, current state, and development prospects. Prykarpatian Legal Bulletin, (1), 47-53 [in Ukrainian].

Perehudov, F. I., & Tarasenko, F. P. Introduction to Systems Analysis. Kyiv: Znannia. 1989 [in Ukrainian].

State ownership policy and corporatization of enterprises: Priority goals of state enterprise reform for 2024 (2023). Ministry of Economy of Ukraine. Kyiv. Retrieved from http://surl.li/uycjsz [in Ukrainian] (accessed 02.04.2024).

On the state of reform of the port sector and the development of the Strategy for the Development of Sea Ports of Ukraine in accordance with the Law of Ukraine “On Sea Ports of Ukraine”: Decision of the Board of the Ministry of Infrastructure of Ukraine dated 05.03.2013 No. 6. URL: https://zakon.rada.gov.ua/rada/show/vr006733-13#Text [in Ukrainian] (accessed 02.04.2024).

The role of state enterprises in post-war reconstruction: URL: from https://case-ukraine.com.ua/content/uploads/2022/11/29_Tezy_Derzhpidpryyemstva-red.pdf [in Ukrainian] (accessed 02.04.2024).

System. (n.d.). Wikipedia. URL: http://surl.li/cinciu [in Ukraininian] (accessed 10 June 2024).

Arif, B., Sule, E. T., Herwany, A., & Febrian, E. (2022). The effects of business environment and supply chain governance on business strategies and company performance. Uncertain Supply Chain Management, 10(1), 37–42. DOI: https://doi.org/10.5267/j.uscm.2021.10.012

Bernier, L., Florio, M., & Bance, P. (2020). The Routledge Handbook of State-Owned Enterprises. London; New York: Routledge.

Castelnovo, P. (2022). Innovation in private and state-owned enterprises: A cross-industry analysis of patenting activity. Structural Change and Economic Dynamics, 62, 98–113. DOI: https://doi.org/10.1016/j.strueco.2022.05.007

Christiansen, H. (2011). The Size and Composition of the SOE Sector in OECD Countries. OECD Corporate Governance Working Papers, No. 5. Paris: OECD Publishing. DOI: https://doi.org/10.1787/5kg54cwps0s3-en. URL: http://surl.li/kacifr

Dunayev, I., Kud, A., Latynin, M., Kosenko, A., Kosenko, V., & Kobzev, I. (2021). Improving methods for evaluating the results of digitizing public corporations. Eastern-European Journal of Enterprise Technologies, 6(13-114), 17-28. DOI: https://doi.org/10.15587/1729-4061.2021.248122 [in Ukrainian].

Liljeroos-Cork, J., & Luhtala, M. (2024). Value co-destruction through misintegration of resources within a public service ecosystem. Public Management Review, 1–24. DOI: https://doi.org/10.1080/14719037.2024.2366986

Mauludina, M. A., Azis, Y., Sukmadilaga, C., & Susanto, H. (2023). Determinants of SOE’s performance: A systematic literature review. Cogent Business & Management, 10(2). DOI: https://doi.org/10.1080/23311975.2023.2234138

Moore, M. (1999). Creating public value: strategic management in government. International Public Management Journal, 2(1), 158–167. DOI: https://doi.org/10.1016/S1096-7494(00)87438-3. URL: http://surl.li/ukace

OECD. (2021). Ownership and governance of state-owned enterprises: A compendium of national practices. Paris. URL: http://surl.li/bsljxm

OECD. (2013). State-Owned Enterprises in the Middle East and North Africa: Engines of Development and Competitiveness. Paris: OECD Publishing

Ojasalo, J., & Kauppinen, S. (2022). Public value in public service ecosystems. Journal of Nonprofit & Public Sector Marketing, 1–29. DOI: https://doi.org/10.1080/10495142.2022.2133063 (accessed 02.04.2024).

Rossieta, H. (2017). Good governance mechanism, agency problems and privatized SOEs performance: Empirical evidences from Indonesian stock exchange. International Journal of Economics & Management, 11 (2 Special Issue), 287–307. URL: http://surl.li/yjjfus

Wang, H., & Ran, B. (2021). Network governance and collaborative governance: a thematic analysis on their similarities, differences, and entanglements. Public Management Review, 25(6), 1187–1211. DOI: https://doi.org/10.1080/14719037.2021.2011389 (accessed 02.04.2024).

Waardenburg, M., Groenleer, M., de Jong, J., & Keijser, B. (2020). Paradoxes of collaborative governance: investigating the real-life dynamics of multi-agency collaborations using a quasi-experimental action-research approach. Public Management Review, 22(3), 386–407. DOI: https://doi.org/10.1080/14719037.2019.1599056 (accessed 02.04.2024).

Published
2024-06-27
How to Cite
Gromov, S. (2024). The Modern Essence and Composition of the Mechanism of Public Regulation of the Corporatization of Large State-Owned Enterprises in the Transport Infrastructure Sector. Theory and Practice of Public Administration, 1(78), 136-154. https://doi.org/10.26565/1727-6667-2024-1-08
Section
State Regulation of Economic and Social Development Processes