Addressing the issue of corporate raiding in Ukraine
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Author(s)Bogdan DerevyankoLink to ORCID Index: https://orcid.org/0000-0001-7408-8285
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Vitaliy M. PashkovLink to ORCID Index: https://orcid.org/0000-0001-9489-7768
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Olha A. TurkotLink to ORCID Index: https://orcid.org/0000-0003-4505-3096
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Nadiia V. ZahrishevaLink to ORCID Index: https://orcid.org/0000-0002-3605-8912
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Olena S. BisiukLink to ORCID Index: https://orcid.org/0000-0002-1570-2721
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DOIhttp://dx.doi.org/10.21511/ppm.18(1).2020.15
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Article InfoVolume 18 2020, Issue #1, pp. 171-180
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152 Downloads
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Creative Commons Attribution 4.0 International License
The phenomenon of “raiding,” i.e., the unlawful establishment of control over the property or governing boards of an enterprise, as well as the seizure of its shares, has been reported in all countries of the world for many decades. This phenomenon has the most dangerous forms in the states with the underdeveloped economy and legal system, particularly in Ukraine. The paper aims to determine the areas for counteracting and overcoming corporate raiding in Ukraine and to provide proposals for improving the legislative framework for reliable protection against attacks on the enterprises’ property.
The information in the paper, including the geography of raider attacks, indicates a greater vulnerability of enterprises in the most economically developed regions, with extensive transport infrastructure and the prospects for various industries and sectors of the economy development. The state should take some steps to increase the level of enterprises protection against raider attacks. Thus, to improve the quality of preventing and combating corporate raiding, this paper argues the need to develop and adopt the Corporate Property Protection Code of Ukraine. The introduction of the raider attacks register will be an effective measure to warn potential investors and counterparties about the dangers of cooperation with certain companies. The state register should be bilingual (Ukrainian and English) and contain information on the attempts and cases of raider attacks on property and corporate business rights. Also for further innovations in starting a business, Ukraine must pay attention to New Zealand’s and Finland’s experience.
- Keywords
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JEL Classification (Paper profile tab)G34, K22, K25
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References30
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Tables2
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Figures0
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- Table 1. Number of raider attacks in regions and areas of Ukraine from 2013 to 2018
- Table 2. Place and index of Ukraine in 2015–2019 IPRI rating
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Industrial development in Saudi Arabia: disparity in growth and development
Anis Ali
doi: http://dx.doi.org/10.21511/ppm.18(2).2020.03
Problems and Perspectives in Management Volume 18, 2020 Issue #2 pp. 23-35 Views: 3089 Downloads: 1043 TO CITE АНОТАЦІЯIndustrial development in any nation plays a vital role in the strengthening of the economy and employs human resources as per specifications and directly towards the mainstream of the nation. In Saudi Arabia, there was rapid industrialization for four decades. Some manufacturing industries performed well, while some internal and external business environment factors influenced the others’ performance. The study focuses on historical development, as well as recent trends of well-performing and poor-performing industries of Saudi Arabia. Small manufacturing industries in Saudi Arabia are underdeveloped and need more attention to attain sustainable and progressive growth rate in the form of the number of establishments to enjoy the potential. Manufacture of tobacco, computer, electronics and optics, pharmaceuticals and transport equipment are the deprived and underdeveloped industries of the manufacturing sector. There should be some easy credit schemes for the development of deprived or underdeveloped manufacturing industries. To attain sustainable growth and development of the manufacturing sector, a positive attitude of the government towards underdeveloped manufacturing industries, favorable labor laws, and entrepreneurial awareness, technical and financial assistance are necessary. The growth and development of the manufacturing sector of Saudi Arabia will be helpful in the attainment of goals of Vision 2030.
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Travel and tourism: growth potentials and contribution to the GDP of Saudi Arabia
Anis Ali
doi: http://dx.doi.org/10.21511/ppm.16(1).2018.39
Problems and Perspectives in Management Volume 16, 2018 Issue #1 pp. 417-427 Views: 2368 Downloads: 403 TO CITE АНОТАЦІЯSaudi Arabia is well known in the world for the holy places Makkah and Madinah. Hajjis and visitors come to perform hajj and Umrah every year in Makkah and Madinah from all around the world. Hajj and Umrah visits play a vital role in the inbound tourism of Saudi Arabia. The tourism revenue of Kingdom of Saudi Arabia is increasing absolutely but losing its contribution to the GDP proportionately. So, this paper tries to find out the economic activities of all components of tourism sector which are responsible for the negative trend. It also explains the relationships and variability of tourism revenues and expenditures with GDP and offers suggestions to enhance revenue of tourism sector. This study is based upon secondary data obtained from the website of SAMA (Saudi Arabian Monetary Authority) and General Authority for Statistics of Saudi Arabia. In tourism sector of Saudi Arabia, the increasing trend of expenditures of some economic activities is more than its revenue. The increasing trend of expenditures comparatively its revenues lowering contribution of tourism towards GDP. To improve the level of tourism revenue, government has to provide world class facilities and develop new tourist spots and allow the visitors to visit such places according to the Shariah and Kingdom rules. Government has to focus on developing passenger rail transport and other means of transport to connect all the tourist spots to provide easy conveyance, and on improving and developing tourism sector by helping the government and private organizations that are engaged directly or indirectly in providing services to the domestic and inbound tourists to assure more contribution to GDP.
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The business effects of mega-sporting events on host cities: an empirical view
Christian Tabi Amponsah ,
Gouher Ahmed ,
Manoj Kumar ,
Samuel Adams
doi: http://dx.doi.org/10.21511/ppm.16(3).2018.26
Problems and Perspectives in Management Volume 16, 2018 Issue #3 pp. 324-336 Views: 1616 Downloads: 513 TO CITE АНОТАЦІЯThe study is an empirical view of the important issue of the business effects of the mega-sporting events (MSEs), like the Olympic Games, on which there are favorable and unfavorable views, the design of the study is to go through different views and find out the effects from knowing or knowledgeable persons of the event with the help of a sample of 155 respondents drawn randomly from across the continents in the form of opinions on the positive and negative effects of the MSEs through a questionnaire, containing questions on economic development, infrastructure development, environ¬ment, lifestyles, etc., and their favorable and unfavorable responses were elicited. The data collected have been analyzed in terms of the characteristics of respondents and their negative and positive responses on the Olympic and FIFA. The findings on the whole of study show that the hosting of the MSEs has positive effects on the economy and society of the host cities through the influx of tourists, infrastructure development, and image promotion of the country, among others, notwithstanding the certain drawbacks in terms of environmental disturbances, and some inconveniences to the locals.
