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BUSINESS INFORM №7-2015

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2

Section: Economic Theory
UDC 336.011
Vasylchuk I. P.
Finance-Сredit Mechanism of Corporations: a New Insight against the Background of Modern Economic Theory (p. 13 - 17)

The article is aimed at consideration of essence of the concept of «finance-credit mechanism of corporation» in the context of the modern theory of firm, making use of methodological potential of the system paradigm. An analysis of the scientific heritage of Ukrainian and Russian scientists on interpretation of the notion of «finance-credit mechanism» has revealed that all definitions are implicitly or explicitly correlated with basic provisions of several conceptions within the organization theory. The essence of the concept of «finance-credit mechanism of corporations» was examined through prism of the basic approaches (system, resource, process) to organization management, whereby was found that the original attribute, which impregnates the appropriate explanation of the essence of financial-credit mechanism as an organizational framework for «stringing» the properties, characteristics and relationships, is the system attribute. An integration conception of finance-credit mechanism has been suggested, which has become the basis for the author's interpretation of the indicated notion in a broad sense. The integration concept of finance-credit mechanism can become a platform for combining other theoretical concepts, such as corporate social responsibility or sustainable development, providing theoretical and methodological substantiation for development of a model of financial-credit mechanism for sustainable development of corporations.
Keywords: finance-credit mechanism, integration concept, system paradigm, resource-based approach, process approach, system approach, sustainable development
Tabl.: 1. Bibl.: 16.

Vasylchuk Iryna P. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Finance, Banking and Insurance, Kryvyi Rih Economic Institute of the Kyiv National Economic University named after Vadym Hetman (16 Medychna Str, Kryvyi Rіh, Dnіpropetrovsk region, 50051, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Vasylchuk, Iryna P. (2015) “Finance-Сredit Mechanism of Corporations: a New Insight against the Background of Modern Economic Theory.” Business Inform 7:13–17.


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