corporate governance, corporate governance models, chief executive officers, shareholders, goodwill, lobbying, abuse of power, corruption


The article is devoted to the study of modern corporate governance and the use of lobbying as its tool. The relevance of the research topic is due to the tendencies to the active use by managers and shareholders of corporations of means of influencing the market and government institutions. In the course of the research the author generalized the views of numerous domestic and foreign researchers on the nature of corporate governance and the peculiarities of its regulation. The author takes into account the research of consulting and analytical companies, which show that shareholders and investors tend to attach high importance to effective management of the company, and at the same time - put pressure on management to achieve high financial and economic performance in the short term, even at strategic loss. It is noted that the psychology of investing is a special category of knowledge. The role of subjectivity of perception is emphasized, which causes inadequate response of shareholders to internal and external factors, if the information about them was distorted by the executive directors. Based on a number of examples of state and interstate on corporate relations after the lobbying, the author notes the dynamics of increasing the tendency of corporate and shareholder management to use lobbying and other questionable tools for redistribution of corporate property. The regularities of the use of lobbying and other instruments of influence by managers and majority shareholders are highlighted. Particular attention is paid to the importance of further research on the regulation of lobbying, in order to limit its abuse in the context of corporate governance. The author emphasizes the need to develop appropriate tools.


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Author Biography

Tykhon Yarovoi, Open International University of Human Development "Ukraine"

Doctor of Science in Public Administration, Associate Professor, Acting Head of the Department of International Relations and Political Consulting, Open International University of Human Development "Ukraine", Kyiv, Ukraine


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How to Cite

Yarovoi, T. (2022). LOBBYING AS ONE OF THE TOOLS OF CORPORATE GOVERNANCE. Economics, Finance and Management Review, (2), 76–84. https://doi.org/10.36690/2674-5208-2022-2-76



Chapter 3. Modern management technologies