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

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.