Participatory Management as a Special Administrative and Legal Regime of Business Activity

The article investigates the economic and legal transformation in the direction of participatory interaction of entrepreneurship with state institutions. The author analyzes peculiarities and determines target and functional burdens of the administrative and legal regime regulating the activity of economic entities under the conditions of market competition. The author proposes to expand the differentiation of directions of administrative and legal regime in relation to the type of economic relations between economic entities on the basis of systematization of principles of administrative and legal regulation of entrepreneurship into strategic, tactical, and forward-current. The paper investigates participatory management as a special administrative and legal regime of entrepreneurial activity implemented by means of two forms: public — private partnership and co — regulation. Such an approach to the consideration of participatory management has allowed the author to clarify the concept of “co-regulation” using it as a form of participatory management implementation. The research presented is intended for undergraduates, postgraduate students, government bodies and other persons whose scientific interests are concentrated in the field of administrative and legal regulation of the business community.