The role of joint stock companies in the structural change of Ukraine’s economy
The role of joint stock companies in the structural change of Ukraine’s economy

Summary/Abstract: Motivation: The corporate sector occupies a special place in the country’s economyand international economic relations. Large joint stock companies (JSCs) are the basisof the country’s economic potential, as they largely form the budgets of individual com-munities and the state, provide jobs, create networks of connections with small and me-dium-sized businesses, etc. The study of the relationship between the corporatization of enterprises and structural changes in the economy of Ukraine will allow to determine the socio-economic effect of the activities of JSCs. Aim: The research aimed to identify the socio-economic effect of the development of the corporate sector in the economy of Ukraine and justification of the expediency of government regulation of foreign economic activity of JSCs.Results: The study’s results show a capital accumulation and the dominance of JSCsin low-tech and raw-material sectors. The authors’ findings established that the corpo-ratization process included the transformation of state assets into JSCs and the creationof new financial and industrial conglomerates, mainly in the mining industry and the pro-duction of agricultural raw materials. Comparison and generalization of statistical dataare carried out as to the nature of foreign economic activities of JSCs. The study identifiesa change in the distribution of commodity items towards increase in the share of agri-cultural raw materials and a tendency towards the reduction of technological chains. It is concluded about descending structural changes and reduction of the technological level of exports.

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