DOI: 10.33917/mic-6.101.2021.40-50

This article discusses the issues of mergers and acquisitions (corporate control market) of the Rosatom State Corporation. It has been established that the Rosatom State Corporation is a multidisciplinary holding company combining assets in the energy, mechanical engineering, and construction. After analyzing the profitability indicators, the authors note a drop in all profitability positions: sales by net profit (ROS), assets by net profit (ROA) and equity by net profit (ROE) for 2019. The revealed trend means that the efficiency of the company’s use of assets has dropped significantly, which indicates the ineffective use of financial resources and the distraction of managers from the main strategy of the state corporation (increasing resources). Recommendations for improving the corporate governance of the state corporation «Rosatom» are proposed, aimed at orienting management personnel to the main strategy of the corporation, delineating the official powers of managers and increasing the transparency of corporate reporting.

DOI: 10.33917/es-8.166.2019.76-82

Analyzing development of the global industry for servicing agricultural production and formation of international value chains around it, the article substantiates the thesis on formation of exploitation relations within the chains. To this end, the most important innovations in the field of biotechnology, development of their patent-licensed protection system and structural regrouping of the most important companies — players in the global agrochemical market are examined in interrelation with one another over a period of the last forty years. On this basis, formation of oligopolistic structure of international companies, controlling the key links of the chain, which are infrastructural in relation to the others, is shown. Combined with the synergistic effect of the batch sale of technologically heterogeneous goods and services, this creates conditions for monopolistic exploitation of agricultural producers. The latter do not have access to alternative sources of similar goods and services that are competitive in comparison with the “packages” offered by oligopolists. As a result, for each unit of invested capital, the income of the latter is greater than that of agricultural producers, that is, within the chain the income is redistributed in their favour, including funds from end-consumers. The given monopoly is bilateral in nature, as technology companies also transfer part of their income to market leaders, who buy these technologies, for the right of access to their marketing opportunities.

The value of having the choice of strategic options may be obtained only if the appropriate option is being executed, otherwise all options are worthless.