Theoretical Approaches To Assessing The Impact Of Corporate Governance On The Economic Efficiency Of Construction Enterprises

The article provides a systematic analysis of the theoretical approaches to assessing the impact of corporate governance on the economic efficiency of construction enterprises. The research is carried out within the framework of the agency, stewardship, stakeholder, transaction cost, institutional and resource-based theories; the channels through which corporate governance mechanisms affect efficiency are distinguished, and the moderating characteristics of the construction industry that transform this relationship are substantiated. The author proposes a corporate governance quality index (CGQI) and a regression specification measuring its effect on economic efficiency. The results of the research make it possible to improve the methodology for assessing the quality of corporate governance at construction enterprises and to provide a scientific basis for managerial decisions.