Peculiarities of Formation Shareholders’ Equity and Liabilities of Russian Joint Stock Companies

Abstract

In this paper we present the results of analysis the formation of shareholders’ equity, long-term and short-term liabilities at 250 public and 750 nonpublic Russian joint stock companies for 2010-2013. We found out that the formation of capital at public and nonpublic JSCs has differences in the composition, dynamics and structure of shareholders’ equity, long-term and short-term liabilities. We concluded that the composition and structure of shareholders’ equity and liabilities of nonpublic JSCs as opposed to public JSCs are inefficient and does not contribute to the development of these companies.