Numerous international financial markets and international financial institutions are now represented in the world economic complex large variety of styles and types of actors.This often causes difficulties in the accurate determination of the main activities of the institution, because there is a need for a reduction of the classification of some of these institutions, acting on numerous grounds, including where and operate international securities and international bonds.As a criterion, laid the basis for classification, can be seen the degree of integration of financial resources of the institutions in a joint business group and the stability of the formed structure.
Under this approach, there are three forms of integrated structures: the low degree of integration of economic resources into a single system;average degree of integration;highly integrated business unit.
also necessary to further impose restrictions on the assumption involved if the data structure in the creation of the banking cost or completely form the logistics chain that characterizes their commercial orientation and excluded from further analysis of a number of traditional associations (unions, guilds, cartels, and others.).Said association do not integrate economic resources in pursuit of common goals their members.Business is not their main purpose.
Thus, to nizkointegrirovannnym structures should include new forms of integration - network, virtual structures and certain types of strategic business alliances;integrated to the mid - strategic alliances in the form of joint ventures (JV), as well as classic forms of consolidation of capital, namely the financial and industrial groups, holdings, transnational and multinational corporations and banks;to the highly integrated structures - strategic alliances with mutual participation capital and business unit, created by mergers and acquisitions.
Named classification allows us to trace the evolution of the forms of integration in the genesis of capital.For sredneintegrirovannye and highly integrated structure is a classic form of banking associations, are actively functioning in the XIX-XX centuries, when international securities received widespread.At the same time a substantial extension to the present stage of low gain integrated forms - virtual enterprise network business structure, as well as the most flexible in its possible forms of integration of companies - strategic alliances.This happens precisely because these same international securities have become quite familiar tool of financial activity throughout the world.These forms are the basic transformation of enterprises in the world, and is currently the largest banking association managers increasing preference is given to the latter as a more flexible and reversible forms of integration.
considered integration types have different purposes, different in terms of the existence and operation have different results.So, virtual financial networks aimed at the most complete implementation of its resources.Included in the group of education is not legally bound by the terms of teamwork, which makes this type of integrated structure flexible, but unstable.However, international securities activities of such entities as restrictions apply.A strategic alliance has different forms, ranging from agreement on joint scientific research to the merger of banks and companies into a single economic organism with close mutual property relations.A wide variety of specific forms of the alliance makes this type of integration preferred.The alliance provides for the possibility of reversibility of decisions, because in his company includes voluntary and mutually beneficial basis.However, this structure is the most difficult to control and manage, as it involves a combination of contradictory: the interests of partners.Merger / acquisition integration is a teen, unconnected periods of existence and specific objectives.The main results expected by corporate managers to make decisions about mergers / acquisitions, are to achieve synergies, reduce costs and the rapid growth of capital.
Thus, at the present stage of development of the world economy an increasing role is played by large financial-industrial group named types.Major companies, having exhausted the possibility of organic growth, using mergers and acquisitions, as well as the formation of alliances of different types of structures for strengthening and maintaining competitiveness in the global financial market.
