Questioning State Corporations as Special Forms of Legal Entities

Questioning State Corporations as Special Forms of Legal Entities

Авторы: Волеводз Александр Григорьевич, Половченко Константин Анатольевич, Шашкова Анна Владиславовна ЧИТАТЬ PDF
ЧИТАТЬ
Shashkova, A.V., Polovchenko, K.A., Volevodz, A.G. (2019). Questioning State Corporations as Special Forms of Legal Entities // International Journal of Economics & Business Administration. Volume VII, Special Issue 1, р. 186-203

One of the main activities of any state is the formation, distribution and use of public financial One of the main activities of any state is the formation, distribution and use of public financial resources. The idea of the present article lies in the research of the problem of the state regulation of legal entities with state participation. The considered legal forms turned out to be not so effective for the state both for its participation in public circulation and for handling managerial tasks. Russia knows distinct forms of such entities. The present article is dedicated to the analysis of the necessity and effectiveness of such a variety of forms in the country which relied on the Soviet business model for 70 years. Backwards transformation was not expected after 20 years of transformation to the market economy. The control issue is also the case. As the state corporations enter the area normally occupied by private business, state corporations have to apply corporate governance instruments used by private corporations. The research for the first time in Russian scientific thought tries to answer questions concerning the real aim of creating state corporations and assess this sector of the Russian economy. The present research studies competitive advantages of state corporations, the effectiveness of the use of their powers and the value of the corporate social responsibility they promote. The practical value of the article in its practical advice on amending Russian legislation and law enforcement practice to make state corporations accountable to the state.

Ключевые слова: Public enterprise governance, personnel economics, regulation, Russian legislation, Government owned
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