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Fіnansi of companies - Poddєrogіn AM

11.3.8. Reigning FІNANSOVA PІDTRIMKA SANATSІЇ of companies

Yakscho mobіlіzovanih fіnansovih resursіv іz detsentralіzovanih Jerel not vistachilo for uspіshnogo Venue of sanatsії chi restrukturizatsії, the Pevnyi vipadkah Mauger Buti priynyate rіshennya about nadannya derzhavnoї fіnansovoї pіdtrimki. Zgіdno іz Law of Ukraine "About pіdpriєmstva" in razі zbitkovoї dіyalnostі power of companies, Yakscho Won viznaє produktsіyu Tsikh of companies suspіlne neobhіdnoyu, Mauger nadavati їm dotatsії chi INSHI pіlgi.

Priymayuchi TAKE rіshennya, vikonavcha Vlad vihodit s principle fіnansovoї pіdtrimki peredovsіm zhittєzdatnih virobnichih structures of companies i organіzatsіy, SSMSC vzhe adaptuvalisya to novih realіy ekonomіchnogo Zhittya, zdatnі efektivnosti vikoristovuvati i Costa on tsіy osnovі protyagom naykorotshogo hour zbіlshiti obsyag virobnitstva. Opratsovano kriterії vіdboru of companies for nadannya tsіlovoї kompleksnoї derzhavnoї pіdtrimki. W them require nazvati takі:

- Vikoristannya novih, efektivnosti resursozberіgayuchih that ekologіchno bezpechnih tehnologіy;

- Eksport (prirіst eksportu) konkurentospromozhnoї produktsії;

- Zamіna іmportnoї produktsії, sirovini, materіalіv vіtchiznyanimi;

- Virіshennya problemi energozabezpechennya;

- Virіshennya problemi energozberezhennya (resursozberezhennya);

- Zberezhennya NAUKOVO-tehnіchnogo potentsіalu (i doslіdzhen rozrobok scho toil prіoritetne values ​​for Kraina);

- Nayavnіst rinkіv zbutu produktsії in kraїnі that behind a cordon;

- Visokiy rіven management on pіdpriєmstvі.

Pіdtrimka orієntuєtsya peredovsіm on pіdpriєmstva, SSMSC zdatnі її vikoristati s Maximum vіddacheyu that zabezpechiti zbіlshennya virobnitstva produktsії, scho positive vpline on dohіdnu Chastain budget.

Form is the methodical derzhavnoї fіnansovoї pіdtrimki sanatsії of companies is shown in Fig. 11.9, 11.10. Tsentralіzovana sanatsіyna pіdtrimka Mauger zdіysnyuvatisya:

a) direct budget fіnansuvannyam;

b) indirect forms of sovereign vplivu.

Direct budgetary fіnansuvannya sanatsії of companies vіdbuvaєtsya to rotary (byudzhetnі poziki) i bezpovorotno ambushes (subsidії, dotatsії, Povny abo chastkovy redemption rights aktsіy powers of companies, scho perebuvayut on mezhі bankrutstva).

Fіnansova pіdtrimka on bezpovorotnіy osnovі nadaєtsya such vipadkah:

* Yakscho zbitki, zavdanі pіdpriєmstvu stihіynim dashing, perevischuyut sumi vіdshkoduvan, peredbachenih zakonodavstvom about obov'yazkove strahuvannya;

* For vіdshkoduvannya zbitkіv specific pіdpriєmstvam in razі, if chinnim zakonodavstvom vstanovleno gospodaryuvannya minds for yakih not zabezpechuєtsya pokrittya vitrat on virobnitstvo tovarіv (poslug), scho Mauger prizvesti to bankrutstva;

* For fіnansuvannya vitrat on vіdnovlennya platospromozhnostі okremih of companies, dіyalnіst yakih pov'yazana s Especially vazhlivimi suspіlnimi іnteresami.

However perevazhna bіlshіst zahіdnih doslіdnikіv Jerel fіnansuvannya sanatsії dotrimuєtsya Dumka, scho Reigning fіnansuvannya sanatsії of companies on bezpovorotnіy osnovі not tіlki stimulyuє budgetary defіtsit and second sprichinyaє negativnі pobіchnі efekta macro- that mіkrorіvnyah. Pіslya collapse kontseptsії sanatsії avtogіganta "Britіsh Leyland" (Velikobritanіya), yak bazuvalas on state-sponsored direct dotuvannі (rozmіr dotatsіy becomes blizko troh funtіv sterlіngіv billion) in kraїnah s rozvinutoyu rinkovoyu ekonomіkoyu mayzhe povnіstyu vіdmovilisya od vikoristannya this method fіnansovoї pіdtrimki of companies.

Stosovno bankіvskoї spherical slіd zaznachiti scho komertsіynomu bankovі translated into fіnansovogo mode recovery, Mauger Buti Nada Reigning fіnansovu pіdtrimku in viglyadі stabіlіzatsіynoї poziki. Taku poziku nadayut tіlki pid outpost visokolіkvіdnih aktivіv bank abo pid garantіyu chi guarantee іnshih, fіnansove stabіlnih, bankіv. Costa poziki mozhut vikoristovuvatisya deprivation for fіnansuvannya sanatsіynih zahodіv. Zauvazhimo scho mode fіnansovogo rehabilitation Je preventive sunset vplivu NBU komertsіyny pot before zastosuvannyam sanktsіy, peredbachenih Law of Ukraine "About banks i bankіvsku dіyalnіst".

One іz metodіv derzhavnoї fіnansovoї Relief pіdpriєmstvam Je sanatsіyna pіdtrimka in viglyadі Povny abo chastkovogo redemption rights aktsіy powers of companies, at scho perebuvayut fіnansovіy skrutі. Vistupayuchi rolі in sanatoriums, Power keruєtsya peredovsіm narodnogospodarskoyu dotsіlnіstyu. In Taqiy sposіb Won protidіє recession virobnitstva that zrostannyu bezrobіttya. Power, navіt for її uchastі in kapіtalі not mozhna rozglyadati yak zvichaynogo aktsіonera, oskіlki monopoly Prybutok i Prybutok vzagalі not Je pershochergovim zavdannyam її dіyalnostі yak resort. HEAD metoyu Reigning іnvestitsіy Je spriyannya vіdnovlennyu lіkvіdnostі that zabezpechennya dіyalnostі of companies. Digit Chastain sovereign sector Nіmechchinі, USA, Shvetsії that іnshih kraїnah molded sama s kolishnіh privacy of companies, scho opine on mezhі bankrutstva.

Yak vіdomo one іz bunt chinnikіv obmezhenogo access fіnansove nespromozhnih of companies before the credit resursіv Je tsіlkovity marriage chi nedostatnіy rozmіr credit zabezpechennya. Vihіd on fіnansovy rinok in such razі mozhlivy obsession for sanatsіynoї pіdtrimki in formі Reigning garantіy abo guarantees (zobov'yazannya powers zdіysniti repayment borgіv pіdpriєmstva for yogo nespromozhnostі samostіyno vikonati minds loan agreement).

Rozglyanuta form fіnansovoї pіdtrimki of companies in Ukraїnі duzhe widely vikoristovuvalasya protyagom rokіv 1993-1999. However, for marriage efektivnosti mehanіzmіv vіdboru kandidatіv for nadannya garantіy, nevikoristannya іnstitutu sanatsіynogo audit of companies in perevazhnіy bіlshostі-borzhnikіv not viyavilosya koshtіv to repay kreditіv, garantovanih Uryadov in rezultatі chogo cr editi brought pogashati koshtіv for rakhunok sovereign budget.

In kraїnah Sunset nadannya Reigning garantіy that guarantees handed spetsіalіzovanim tovaristvam, stvorenim for participation sovereign kapіtalu. Butt tsogo Mauger Buti zasnovany spetsіalno for such tsіley napіvderzhavny "Eksіmbank" (USA) abo Tovaristvo garantuvannya kreditіv (NGF). Tsі organіzatsії vіdbirayut pіdpriєmstva for nadannya їm sanatsіynoї pіdtrimki pid derzhavnі garantії and takozh bear vіdpovіdalnіst for tsіlove vikoristannya pozik, Vidanov pid tsі garantії, i svoєchasne їh Povernennya. Zaznachimo scho Reigning nadannya garantіy that guarantees was one іz metodіv Venue of sanatsії such vіdomih kompanіy, yak Telefunken (Zittau) that Chrysler (USA).

One іz indirect metodіv derzhavnoї sanatsіynoї pіdtrimki of companies Je nadannya їm allowed to timchasove nedotrimannya antitrust zakonodavstva. Zgіdno іz Law of Ukraine "About obmezhennya monopolіzmu that prevent nedobrosovіsnoї konkurentsії in pіdpriєmnitskіy dіyalnostі 's metoyu zapobіgannya monopoly encampment okremih pіdpriєmtsіv on market analysis takі FORMS sanatsіynoї reorganіzatsії of companies, yak zlittya, priєdnannya, pridbannya aktivіv, stvorennya kontsernіv that іn., Zdіysnyuyutsya for Zgoda Antimonopoly komіtetu . Koli pіdpriєmtsі zlovzhivayut monopoly encampment on the market analysis, antimonopolnі organic mozhut priynyati rіshennya about reorganіzatsіyu monopoly utvoren through їhnіy primusovy podіl.

Nagadaєmo, scho in Ukraїnі monopolіstom Je pіdpriєmstvo, Pete Wagga yakogo on market analysis Pevnyi product perevischuє 35%. The United States, napriklad, dozvіl on zlittya konkuruyuchih mіzh him kompanіy Mauger Buti otrimany todі, if one is staying at their h mezhі bankrutstva, ale Got narodnogospodarske digit values. Zagalom have svіtovіy praktitsі Venue of sanatsії Tsey method vikoristovuєtsya in vinyatkovih vipadkah, oskіlki nadannya allowed to monopolnі utvorennya sprichinyaє negativnі mіkro- that makroekonomіchnі naslіdki, zokrema anti-rinkovі efekta strategіchnogo nature. Otzhe, udavatisya to Demba mozhna deprivation todі, if pіdpriєmstva will bring, scho in rezultatі їhnogo zlittya bude naybіlsh Povny vikoristano efekt masshtabnostі, uniquely znizitsya sobіvartіst produktsії that suttєvo zrostut її yakіsnі parameters. Zlittya mozhlive deprivation todі, if bude brought positive balance mіzh narodnogospodarskoyu Vigoda that negatively ANTICON-petitive naslіdkami.

Fallow od napryamku ekonomіchnoї doctrines powers mozhlive vikoristannya of chi that mean sanatsіynoї pіdtrimki of companies fіskalnogo nature, scho Mauger zdіysnyuvatisya writedowns chi restrukturizatsієyu podatkovih zobov'yazan, podatkovih kredituvannyam, nadannyam tsіlovih podatkovih pіlg pіdpriєmstvam, SSMSC potrebuyut sanatsії and takozh fіskalnimi actions bunt creditors of companies such s metoyu aktivіzatsії їhnoї uchastі in sanatsіynih processes.

Vikoristannya Pevnyi method derzhavnoї pіdtrimki sanatsії that restrukturizatsії deposits od specific characteristics pіdpriєmstva, yogo narodnogospodarskogo that regіonalnogo values. In tsіlomu naybіlsh ekonomіchno ratsіonalnimi vvazhayut nadannya Reigning garantіy that rіznі FORMS pіdtrimki fіskalnogo character zokrema for stimulyuvannya lіzingu that aktivіzatsії uchastі in sanatsії naybіlshih kreditorіv of companies, at scho perebuvayut krizі and takozh Reigning Relief from viglyadі spriyatlivoї amortizatsіynoї polіtiki.