Specificity of realization of the stock ownership economic content in South-Russian nonpublic corporations

  • Olga Egorovna Germanova Southern Federal University
  • Maria Sergeevna Shtanko Southern Federal University
Keywords: stock ownership, nonpublic corporations, concentration of stock capital and control, substitution of funds, board of directors, dividends

Abstract

In the course of research it was calculated rates of realization of the stock ownership economic content through the participation of shareholders and top executives at corporate governance and appropriation of income based on the use of primary data about stock capital, board of directors structure, dividends and executive compensation at South-Russian open joint-stock companies whose shares are not represented on stock exchanges. The authors demonstrate that economic content of stock ownership at South-Russian nonpublic corporations is transformed due to high concentration of control and the dominance of non-financial companies among the principal shareholders.

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Author Biographies

Olga Egorovna Germanova, Southern Federal University

Dr. Sci. (Econ.), Full Prof., Department of Economic Theory

Maria Sergeevna Shtanko, Southern Federal University

Post-graduate, Department of Economic Theory, Commercial Service Procurement Specialist

Published
2014-09-30
How to Cite
Germanova, O. E., & Shtanko, M. S. (2014). Specificity of realization of the stock ownership economic content in South-Russian nonpublic corporations. Proceedings of Voronezh State University. Series: Economics and Management, (3), 25-32. Retrieved from https://journals.vsu.ru/econ/article/view/9762