The Formation Of Joint-Stock Companies, Its Role In Modern Economic Developments

• Main Author: Gafurova, R.
• Format: Text
• Language: English
• Published: Zenodo 2017
• Subjects: Joint-Stock company; shares; authorized capital; dividend, income; shareholder; laptev
• Online Access: https://dx.doi.org/10.5281/zenodo.1115926; https://zenodo.org/record/1115926

The Joint-stock Company is a form of economic activity of the organization, which its authorized capital is divided into some number of shares. Shares of JSC are issued by the company and assigned to its shareholders with certain rights, including the right for company management and receiving a part of the profit in the form of dividends of the company. The shareholder of the joint-stock company is an owner of company shares. In other words, shares are equity securities that assigned a share in the company’s business to their owners, and the shareholder is one of the owners of the company. Based on these, the article discusses the role of the joint-stock company, history of development, conditions and establishment. Moreover, this study covers principles in implementation processes and advantages and disadvantages. : {"references": ["Baev, G. O., & Orlov, A. I. (2016). Problems of managing small manufacturing enterprises in the early stages of the life cycle. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, (118). 275-304. (in Russian)", "Laptev, V. V. (1994). Introduction to business law. Moscow, Institut gosudarstva i prava RAN, 1994. (in Russian)", "Pearson, R., Freeman, M., & Taylor, J., (2011). The promotion and foundation of joint stock companies in Britain and Ireland before 184. Paper for the European Business History Association conference, 3."]}