shareholders of joint stock companies have several rights. the most typical categorization of shareholders' right is financial and non-financial right. every one's intention of investing in commercial companies is to make profit; hence, the most important right of shareholders is to enjoy the dividend of the company. this right is a financial one. furthermore, after dissolution of the...

To rationalize the size of government, Act on adjusting a part of government’s financial rules is approved and the government is obliged to assign a part of its activities through (1) services by nonpublic sector, (2) partnership with nonpublic sector, and (3) assigning the management to nonpublic sector. There are many barriers in executing this law. The present study derived from a field stud...

The paper is devoted to the consideration of principle social orientation financial activity state and municipal entities. Under Part 1 Article 7 Constitution Russian Federation, Federation recognized as a with policy aimed at creating conditions that ensure decent life free human development. Proceeding from this, legal regulation regarded one principles field under consideration.The finds its...

The study examines the economic consequences of regulated disclosure in the banking sector, focusing on its impacts on the stability of banking systems. In a cross-country study of banking systems across 49 countries in the 90s, I find that banking crises are less likely in countries with greater regulated disclosure and transparency. Specifically, banking systems are less vulnerable to crisis ...

This paper develops a theory of the incompleteness of law. It argues that law is inherently incomplete and that the incompleteness of law has important implications for the design of lawmaking and law enforcement institutions. When law is incomplete, residual lawmaking rights must be allocated. In addition, agents have to be vested with law enforcement rights. We analyze the optimal allocation ...