An analysis of links between the ownership structure and financial stability: case of Russian companies | Zendy

Alexander Karminsky | Zendy; А. И. Рыбалка | Zendy

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An analysis of links between the ownership structure and financial stability: case of Russian companies

Author(s) -

Alexander Karminsky,

А. И. Рыбалка

Publication year - 2019

Publication title -

procedia computer science

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.334

H-Index - 76

ISSN - 1877-0509

DOI - 10.1016/j.procs.2019.12.016

Subject(s) - corporate governance , competition (biology) , stability (learning theory) , distribution (mathematics) , business , industrial organization , organizational structure , accounting , computer science , finance , economics , management , ecology , mathematical analysis , mathematics , machine learning , biology

This paper identifies and analyzes the key factors of the sectoral structure of ownership, the effect of the CEO and competition between owners at the sub-sectoral level and the size of the business. Based on an example of the manufacturing and construction sectors we show a positive effect on the company’s financial stability of the share ownership of the CEO (in comparison with average sectoral share). We also show that in the case of a more uniform distribution of property between the owners, a positive effect is achieved in terms of the stability of the company. Thus, companies with a group of owner-founders are the most favorable structure for the formation of the corporate governance system in Russia.

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