| | PROBLEMS OF MODERN ECONOMICS, N 2 (50), 2014 | | ECONOMICS, MANAGEMENT, AND ACCOUNTING AT THE ENTERPRICE | | Kharitonov D. A. PhD student, Chair of Economic Theory and Investment, Moscow State University of Economics, Statistics and Information Technologies
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| The article analyses the impact produced by the quality of corporate management and corporate culture upon the cost of share securities in a joint-stock company. The author describes the connection between the quality of corporate management and the level of corporate culture in general, shows factors that produce a negative impact upon the cost of the company’s shares, as well as factors that are important for the company’s evaluation. The article discusses a number of “golden parachute” cases for top-management in Russian and foreign companies and offers methodology of classification of joint-stock companies based on the level of their corporate culture | Key words: securities, stock market, corporate management, evaluation of the company's cost, corporate culture, discount rate, golden parachute, internal audit, minority shock-holder, protection of consumer rights | Pages: 167 - 169 |
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