Archive | 2019
An analysis of links between the ownership structure and financial stability: case of Russian companies
Abstract
Abstract 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.