CORPORATE CONTROL IN ECONOMIC POWER DISTRIBUTION SYSTEM AT A JOINT-STOCK COMPANY

Анотація

Introduction. The nature consideration and economic power mechanisms studied are mainly carried out at society economic system's level. The need to generalize the patterns of joint-stock companies corporate control formation and distribution determines the in-depth study feasibility of given issues through economic power transformation. The purpose of the scientific paper is to theoretically substantiate and develop provisions for generalizing the role and importance of corporate control within a joint-stock company's economic power distribution. Methods. The monographic method, analysis and synthesis methods, and scientific comparison methods have been used during the study performance. Results. It has been proved that the society's dominant institutional basis for the property rights establishment and distribution determines economic power system formation and structuring. This institutional basis characterizes the opportunities provided by individual agents and groups of individuals to influence the decisions about resources and wealth allocation, produced goods creation and distribution, production results appropriation. The specific properties manifestations of corporate business organization are getting the exceptional importance during the joint-stock companies economic power system formation. The peculiarities of corporate control emergence are determined by the joint-stock company general capital structure and by the relations configuration of the corporate cooperation among key participants. The mentioned peculiarities have a direct influence on the corporate relations subject's behavior. Shareholder ownership structure basic options, which defining corporate control specific models, have been identified. These variants are: the shareholder-insider with a controlling stake; the shareholder-outsider with a controlling stake; insider concentration in stock ownership; mixed concentration in stock ownership; outsider concentration in stock ownership; scattered ownership of shares. Conclusions. The possibility of corporate control emergence within the joint-stock company economic power distribution is grounded on the individual entities' ability to influence certain strategic and current decisions and corporation management processes. Keywords: economic power, corporate governance, corporate relations, corporate control, joint-stock company.

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