CORPORATIZATION OF RUSSIAN RAILWAYS: STATUS AND PROSPECTS OF GLOBAL CORPORATION DEVELOPMENT

Nearly fifteen years have passed since the Ministry of Railways of the Russian Federation (MPS RF) was transformed into the Open Joint Stock Company "Russian Railways" (OJSC "RZD") in autumn 2003 with 100% state capital. In this article, the authors attempt to highlight the advantages offered by the joint-stock ownership of railways and assess how they are implemented in the practice of transport processes management, which surprises resulted from the transformation of ownership and, most importantly, whether it contributes to the growth of the performance of the railway services market and whether it is possible to talk about some kind of reserves. The authors try to test the hypothesis that one can expect an increase in the performance of the railway services market through tools that open opportunities for the corporatization of railway companies in the global transport services market. The article highlights the vector of the development of transport companies taking into account possible fluctuations in future. Authors pay important attention to the question of the market value of the Russian railway assets as the indicator of an effective operation. Authors say about the need to form corporatization of the global company as an important economic event, which demonstrates efficiency of railway functioning in the world market.