Shares and Joint Stock Companies in the New Economic Model
1st year student
The faculty of International Economic Relations
* The main information about joint stock companies
* Advantages and disadvantages of joint stock companies
* “Blue chips”
Good morning, dear colleagues. I’m glad to see everyone here. Thank you for your coming. Let me start by introducing myself. My name is Elena Torlopova. I’m a freshman of the State University of the Ministry of Finance of the Russian Federation. I study at the department of the international economic relations. My aim for today’s 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 can see, my presentation is divided into 3 main parts. At first I would like to give you the basic concepts and characteristics of joint-stock companies. Then I would like to take a look at benefits and lacks of joint stock companies. Lastly we are going to discuss the definition of blue chips and consider a situation where they are used. Please interrupt me if there is something which needs clarifying, otherwise there will be time for your questions at the end of my talk.
The main information about joint stock companies
Joint-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, within the value of shares belonging to them, of losses associated with the company's activity. A joint-stock company in which shares can be traded freely and which may have unlimited number of shareholders is an 'open' joint-stock company. A joint-stock company which shareholders have a pre-emptive right to buy shares sold by other shareholders is a...
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