A systematic methodological approach to the development of small innovative entrepreneurship
At the present stage of the development of the world economy, state-owned corporations, whose activities are aimed at fulfilling special state tasks and, at the same time, achieving commercial results, due to the economies of scale, can give a significant impetus to stimulating the progressive development of industry and innovation, technological re-equipment, output of products to domestic and foreign markets, acceleration of socio-economic development, growth of import substitution, achievement of national strategic goals and stability of the country. What causes special scientific interest in considering the question of the economic nature and essence of state corporations as an institution of market economy. Considering the above, the main purpose of the article is to scientifically substantiate the essence, content and economic nature of a state corporation as an important institution of a modern market economy using such methods as: analysis and synthesis, content analysis, induction and deduction, evolutionary method, abstract-logical method, etc. The authors’ approaches to the definition of the terms «corporation» and «state» are analyzed. The comparison of these terms into the general concept of «state corporation» is made, the author’s definition of the term «state corporation» is proposed, taking into account the goals and directions of its activities, as well as the effect expected by the company. The essential features of the state corporation as a special institution and subject of the market economy, as well as their role in the progressive and sustainable development of the national economy of the country are clarified. Emphasis is placed on the dual economic nature of state corporations, manifested in the production of pure public goods, as well as private public goods. The key features of state corporations are highlighted, as well as the positive functions of state corporations and existing risks are identified.