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STRATEGIC IMPERATIVES OF FINANCIAL TRANSFORMATION OF UKRAINIAN AGRICULTURAL COMPANIES IN THE PROCESS OF ENTERING INTERNATIONAL CAPITAL MARKETS AND IMPLEMENTING ESG CORPORATE GOVERNANCE STANDARDS

ウクライナ農業企業の国際資本市場進出とESGコーポレートガバナンス基準導入における財務変革の戦略的要請 (AI 翻訳)

Roman Anzin

Actual Problems of Economics📚 査読済 / ジャーナル2026-01-01#ESG
DOI: 10.32752/1993-6788-2026-1-295-555-570
原典: https://doi.org/10.32752/1993-6788-2026-1-295-555-570

🤖 gxceed AI 要約

日本語

本論文は、ウクライナ農業企業が国際資本市場に参入しESGガバナンス基準を導入する際の財務変革の戦略的重要性を分析する。ESG要素が投資信頼性指標へと変容し、長期的な資金調達や資本コストに影響を与えることを実証。国際市場での資本調達比較を通じ、ESG財務変革が情報非対称性の低減や市場価値向上に有効であると結論づける。

English

This paper examines the strategic imperatives of financial transformation for Ukrainian agricultural companies entering international capital markets with ESG corporate governance standards. It finds that ESG factors evolve from CSR to investment reliability indicators, affecting access to long-term finance and cost of capital. Through comparative analysis of European and Ukrainian firms, it shows ESG-financial transformation reduces information asymmetry, increases market capitalization, and enhances financial stability for international integration.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

ウクライナ企業に焦点を当てており日本企業に直接の示唆は限られるが、ESGが投資判断の中心になる流れは日本の有報・統合報告書でも重要。特に農業分野でのESG統合事例として参考になる可能性がある。

In the global GX context

This paper contributes to the global literature on ESG-financial transformation in emerging-market agricultural companies. It reinforces the trend of ESG moving from voluntary CSR to a core investment criterion, relevant for ISSB and CSRD frameworks. The findings on capital market access and transparency are valuable for understanding ESG integration in non-OECD contexts.

👥 読者別の含意

🔬研究者:Provides empirical evidence on ESG-financial transformation in Ukrainian agriculture, useful for comparative ESG studies.

🏢実務担当者:Highlights how ESG maturity can improve access to international capital, relevant for corporate strategy teams in emerging markets.

🏛政策担当者:Offers insights on how regulatory support for ESG integration can enhance a country's agricultural sector competitiveness in global markets.

📄 Abstract(原文)

The article examines the strategic imperatives of financial transformation of Ukrainian agricultural companies in the process of entering international capital markets and implementing ESG standards of corporate governance. It is established that the financial transformation of agricultural companies in modern conditions of globalization is a complex multidimensional process that combines a change in funding sources, modernization of corporate governance and integration of ESG principles into a strategic business development model. Entering international capital markets requires agricultural enterprises to transition to an institutionally integrated system of capital raising, based on transparency of financial reporting, risk management and compliance with international standards of sustainable development. A comparison of the volume of capital raising and placement of European and Ukrainian agricultural companies on the international market of Central and Eastern Europe is carried out, which confirms the effectiveness of using financial instruments in the structure of corporate financing. It is proven that ESG factors are gradually transforming from an element of corporate social responsibility into an indicator of investment reliability, which determines companies' access to long-term financial resources, the level of trust of institutional investors and the cost of capital. It is substantiated that effective ESG-financial transformation of agricultural companies creates a synergistic effect, which is manifested in reducing information asymmetry between the company and investors, increasing market capitalization, strengthening financial stability and expanding opportunities for international investment integration. The proposed ESG-financial transformation allows identifying the level of readiness of companies for the international financial environment and determining strategic trajectories of their development depending on the degree of ESG-maturity and financial integration. It is established that the long-term financial stability of agricultural companies is formed on the basis of a combination of institutional transparency, sustainable management and increased investment attractiveness, which creates the prerequisites for the full integration of Ukrainian agricultural companies into international capital markets.

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