Akademik Məlumat İdarəetmə Sistemi
Economic and Social Development, vol.2, no.4, pp.79, 2020 (Conference Book)
Since the transnational business of Azerbaijan is based on crude oil and natural gas, the balance of the current account operations of the balance of payment is unstable, and as the share of the consumer goods is around 40% in the commodity import, it is important to strengthen the state control over the implementation of transnational business regulation mechanisms in the country's current legislation. This article provides a methodology for regulating transnational businesses in company level in the Republic of Azerbaijan. All the performances of SOCAR, the largest company in Azerbaijan, were calculated to reach the goal set out in the article and it was justified that it deserves to be included in the rankings of the TNC. In general, TNC easily achieves things which can not be achieved by the state through classic diplomatic relations. We consider that the regulation of the TNC of the country as an economic entity, having more efficient and competent laws, providing the transparency at the country level, and including the state company of the Republic to the rating as TNC can create a balance in transnational business regulation. The procedure and concept of granting the transnational company status internationally has been studied and the possibility of granting a "transnational company" status to large companies in the country has been justified.