Shares and Joint Stock Companies in the New Economic Model Essay Example for Free

Shares and Joint Stock Companies in the New economic mould EssayIntroductionGood morning, dear colleagues. Im glad to see everyone here. thank you for your coming. Let me start by introducing myself. My name is Elena Torlopova. Im a freshman of the State University of the Ministry of pay of the Russian Federation. I study at the department of the international economic relations. My aim for todays presentation is to give you information about Shares and Joint Stock Companies in the New Economic Model I plan to be brief. My presentation will last only 5 minutes. As you outhouse see, my presentation is shared out into 3 main parts. At first I would like to give you the fundamental concepts and characteristics of joint- personal credit line companies. Then I would like to take a look at benefits and lacks of joint farm animal companies. lastly we are going to discuss the definition of olive-drab chips and consider a situation where they are used. enchant interrupt me if th ere is something which needs clarifying, otherwise there will be time for your questions at the subvert of my talk.The main information about joint stock companiesJoint-stock company (JSC) is a company, the authorised capital of which is divided into a certain number of shares owned by shareholders. Shareholders bear no responsibility for its obligations and run the risk, indoors the value of shares belonging to them, of losses associated with the companys activity. A joint-stock company in which shares can betraded freely and which whitethorn deal unlimited number of shareholders is an open joint-stock company. A joint-stock company which shareholders have a pre-emptive dependable to demoralize shares sold by other shareholders is a closed joint-stock company. Such a company has no right to hold a public subscription to its shares or for that matter offer them for sale to the general public.Advantages and disadvantages of joint stock companiesThe company provides so many advan tages that it is widely popular all over the world. The main advantages are coarse resourcesA company can raise large amount of resources from the genera public by issuing shares. express mail liabilityThe liability of the shareholders is limited to the extent of the face value of the shares held by them or guarantee presumption by them.Diffused riskThe entire business risk of a company is distributed over a large number of shareholders. Thus, the risk is reduced for each shareholder. Despite the above advantages, the company form of boldness also suffers from certain demerits.Oligarchic managementIt is controlled by a small group of Board of Directors who precisely protect the interest of other shareholders.Lack of hidingIt is very difficult to maintain business secrecy in a company because of every business strategy is discussed in the meeting of the Board of Directors and the one-year accounts are published and compliance to Government.Fraudulent managementThe directors and managers may function for their personal gain high-and-mighty the interest of the company.Blue chipsBlue chip stock imprint shares or securities of large reliable companies with invariable indices derived from income and dividends paid. In essence, the term blue air chip is employed in the stock commercializes by analogy to key the actions of well-established entities. The term was coined by Oliver Gingold of Dow Jones Company in 1923. It is reported thatthe term was born when Gingold was taking note of several(prenominal) businesses with shares priced at $ 200 per share or more. And went on to indicate intentions of writing an article about the blue chips. Thus the term was born. Typically, blue chips are indicators of the overall market. Blue chip shares are the most molten securities market. The list of blue chip stock changes periodically, but there are always those that manage to plosive speech sound on top for years.Examples of the western blue-chip companies are Appl e, IBM, The Coca-Cola Company, Ford, Google, etc. In Russia blue chips occur principally in the oil, gas, energy and telecommunications companies. In particular, the blue chips include such companies as Gazprom, Lukoil, Norilsk Nickel, Rosneft, Sberbank, Rostelecom, RusHydro, Polyus Gold, etc. These companies typically have leading positions in the RTS and MICEX. As you can see on the pie chart 15 percent of blue chips belong to Gazprom. It means that Gazprom shares are the most liquid in terms of sales and account for 15 percent of the total trading volume on the market.The second largest sales shares owned by Lukoil. They constitute 14, 02% of total trading in the market. Sberbank is the third after a Gazprom and Lukoil amounts to 13.88% of sales of its shares on the market. Norilsk Nickel and Rosneft makes 7.56% and 7% of sales in the market, respectively. And finally Surgutneftegas and VTB Bank constitute 4,82% and 4,28% of sales in the market. Thus the total pitch of seven se curities in the index is 67%, which implies that it is these securities provide direction and determine the dynamics of the Russian market as a whole.ConclusionsWe gave the definition of the concept of joint-stock company and it basic characteristics. Then we looked at the advantages and disadvantages of joint stock companies. And in the end we discussed the stock market, and specifically the blue chips and looked at the dynamics of the sales of seven major blue chips Russia. So, in conclusion I would like to say that joint-stock form of entrepreneurship plays an important role in the formation of normal conditions of operation of enterprises, allows shareholders to raise funds for its activities, and each worker can become the proprietor of the company, through acquisition of shares, each shareholder reduces the risk of losing a significant amount of money (each at risk only to the extent of its sum shares) allows you to work more efficiently, sinceall are interested in making pro fits and dividends It should be emphasize once again that the joint stock company is a unique form of collective ownership of the implementation, where everybody interested in the results of its operations.Bibliography* http//en.wikipedia.org/wiki/Joint-stock_company* http//en.wikipedia.org/wiki/Blue_chip_(stock_market)* http//www.bukisa.com/articles/444625_basic-overview-of-blue-chip-stock