The nature and causes of formation of corporations
in the West and in Russia are analyzed, and a comparative institutional
analysis of different styles (ways of realization) of corporate forms of
enterprises is given. Results of research indicate that in almost all the
countries the formation and making of corporations has been accompanied
with the myths of increase in production efficiency and emergence of an
effective owner, while the formation of corporations as a form of organizing
business first of all has been dictated by the necessity of attracting
investments, for which a financial instrument like stock has been created.
Classification of different corporate models based on institutional features,
as well as classification of corporate forms of enterprises based on their
participation or non-participation in the hierarchy or group is provided.
Specific accent on the specific form of Russian managerial corporation,
based on the personal interests of corporate management, is made.
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