{"id":9304,"date":"2018-05-20T15:59:48","date_gmt":"2018-05-20T12:59:48","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=9304"},"modified":"2018-05-21T10:36:42","modified_gmt":"2018-05-21T07:36:42","slug":"models-of-opportunistic-behavior-of-subjects-of-investment-process","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/models-of-opportunistic-behavior-of-subjects-of-investment-process\/","title":{"rendered":"Nikytenko Dmytro, MODELS OF OPPORTUNISTIC BEHAVIOR OF SUBJECTS OF INVESTMENT PROCESS"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]JEL Classification:<\/strong> K420; D23; D91; E71.<\/p>\n

Nikytenko Dmytro, <\/strong>Candidate of Economics, Associate Professor, Doctoral student, National University of Water and Environmental Engineering, Rivne, Ukraine<\/p>\n

MODELS OF OPPORTUNISTIC BEHAVIOR OF SUBJECTS OF INVESTMENT PROCESS<\/strong><\/p>\n

Introduction. <\/strong>In addition to the classical factors of economic growth, which include capital (investments), the institutional factors are also distinguished, including the level of economic freedom, the level of propensity to opportunism (trust), the level of corruption, etc. Opportunistic behavior of economic agents and corruption as a special kind of it creates extremely unfavorable conditions for the growth of investment activity, since the antipode of opportunism is non-personalized trust, which\u00a0 is being a constructive institution, performs the most important function – to minimize transaction costs.<\/em><\/p>\n

Purpose.<\/strong> The discovery of the causes of opportunistic behavior and the forms of its manifestation will enable us to establish mechanisms for its counteraction.<\/em><\/p>\n

Results.<\/strong> The article discusses the essence of opportunistic behavior of the subjects of the investment process and its impact on investment security. The preconditions and models of interspecies and intraspecies relationships are considered. Since relations between economic agents occur in order to realize their personal economic interests, we determine the psychophysiological features of the individual as the main precondition for the emergence of opportunistic behavior. Intraspecies relationships, where opportunistic behavior can occur, is horizontal relationships between economic agents – economic entities. Interspecies relationships include vertical relationships between business and government, owners and managers, managers and employees. Among the universal methods of enrichment should be the following: the presence of agents and accomplices of private capital in the state bodies; creation of a quasi-state form of private capital activity; creation of “ghost enterprises”; tax evasion and others.<\/em><\/p>\n

Conclusion.<\/strong> In the article author attempts to propose measures to counteract the emergence of opportunistic behavior to decrease\u00a0 transaction costs of investment process<\/em>.<\/p>\n

Keywords:<\/strong> opportunism, corruption, mentality, institutional determinants, models of opportunistic behavior.<\/em><\/p>\n

References:<\/strong><\/p>\n

    \n
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  6. Oxford Advanced Learner\u2019s Dictionary of Current English (1988), Hornby.<\/li>\n
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  8. Melnikov, V. (2014), \u201cThe origin of opportunism: the psychological foundations of economic behavior\u201d, Terra economicus. <\/em>\u2013 tom 12. \u2013 vol. 4. \u2013 pp. 91-104.<\/li>\n
  9. Shastitko, A. (2001), \u201cIncomplete contracts: identification and modeling problems\u201d, Voprosy ekonomiki<\/em>, vol. 6., pp. 80-99.<\/li>\n
  10. Stavceva, T. I. and Stavcev, F. A. (2014), \u201cInstitutional limitations of opportunism of regional officials\u201d, Uchenye zapiski Orlovskogo gosudarstvennogo universiteta. Serija \u00abGumanitarnye i social’nye nauki\u00bb<\/em>, vol. 2(58), pp. 99-105.<\/li>\n<\/ol>\n
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    [vc_row][vc_column][vc_column_text]JEL Classification: K420; D23; D91; E71. Nikytenko Dmytro, Candidate of Economics, Associate Professor, Doctoral student, National University of Water and Environmental Engineering, Rivne, Ukraine MODELS OF OPPORTUNISTIC BEHAVIOR OF SUBJECTS OF INVESTMENT PROCESS Introduction. In addition to the classical factors of economic growth, which include capital (investments), the institutional factors are also distinguished, including the
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