INFLUENCE OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE OF RUSSIAN STATE-OWNED COMPANIES

The relevance of the study is due to the great scientific and practical interest in the relationship of the quality of corporate governance and the financial result of the company. In this regard, this article is aimed at identifying or disclosing the relationship of the corporate governance system and the efficiency of the company. The leading approach to the study of this problem is to put forward hypotheses confirming the relationship between the quality of corporate governance and the financial results of the company. The article materials are of practical value for Russian companies with state participation. The number of researches on the topic of corporate governance has been increasing recently. Hence, the impact of the corporate governance on the company's performance show that interest in issues of management and assessment of sustainable development in Russian companies has been growing at a constant pace lately. The relevance of the study emphasized by the fact that, in the conditions of the economic space globalization, establishing the relationship between the quality of corporate governance and financial results of a state - owned companies. The topic is relevant for businesses seeking new approaches to ensuring their competitiveness. And corporate governance is a way to achieve this goal and to protect the interests of various stakeholder groups. (c) 2019 Published by Future Academy www.FutureAcademy.org.UK