Theoretical bases of formation of financial and industrial group

Abstract

Modern approaches to determination of the nature of the concept of "financial-industrial group" (FIG) ARE considered. There has been revealed the presence of a large number of definitions, which differ primarily distinguishing various aspects of legal forms of creation of groups and their membership etc. Based on the analysis of scientific and methodological approaches there have been identified the essential characteristics of the FIG as a specific type of integration associations. It is proved that the formation of financial capital and therefore FIG is complex and controversial. However, the mechanism of their formation is subordinate to the overall objective - the synergetic effect of the integration. Creation of FIG is a regular and systematic phenomenon that is an inevitable stage in the institutional and organizational change in any large-scale economy. There has also been revealed its fundamental difference from other associations. That is as the following: FIG is embodied social economy segment and its characteristic features are are the differentiation of each group member due to the position in the cooperation of labor, the right to property, the ability to increase the size of their equity and ability to attract additional resources based on market principles. Along with the benefits there has been analyzed the potential negative impact on the economy of FIG by restriction of competition in related markets and increase of barriers to entry in a market segment. There has been proposed to carry out a state monitoring of the monopoly activities of FIG in the domestic markets in order to neutralize the negative impact of economic competition in general.