Factors of Restructuring of Integrated Corporate Structures

Abstract

The restructuring of companies has always been seen as a mechanism to improve business performance. In the Russian economy, we can distinguish four stages of restructuring organizations, the development of each of them was due to their own factors, both external and internal. The first stage began with the country’s transition to a market economy and covers the period 1992–1994. During this period, the main factors of the restructuring were: the crisis status of enterprises, the presence of significant non-core assets, lack of financing. The second stage (1994–1997) is characterized by the formation of the main production complexes of companies and the withdrawal of non-core assets. At the third stage (1997–2012) there is an intensive formation of integrated corporate structures and corporations. Currently, the fourth stage of restructuring is developing, the need for which is due to factors optimizing the composition and structure of assets, reducing the financial costs associated with the maintenance and maintenance of non-core assets, improving the efficiency of asset use. Despite the fact that each stage of the transformation of companies is conditioned by its own factors, the ultimate goal of restructuring is to increase the efficiency of the business.

Keywords

• restructuring
• factors of restructuring
• non-core assets
• disposal of assets
• integration
• disintegration