Abstract

The state corporations play an important role in the Russian economy today, being the breakthrough points of economic growth. They create the base for ensuring effective stabilization policy in the country and provide the sustainable development of the national economy in the long term. A state corporation is founded after drafting and passing the law at the federal level, which is its general founding document. A public corporation in Russia was understood as a conceptually new type of a nonprofit organization. Later, the Federal law on nonprofit organizations has been amended whereby a public corporation is regarded as a nonprofit organization founded by the state, which is paying material contribution and forming managerial staff. There have been determined the main stages of evolution of the state corporations in the Russian economy that show periods of their arising, intensive development and structural transformation. There have been given and systematized the general characteristics, which stipulate the specific conditions for establishing their institutional status. There have been listed legal and regulatory characteristics of the state corporations. It has been stated that the state corporation receiving funds directly from the budget doesn’t have to provide full information about its activities. There have been given examples of real corporations of a business entity which is a part of a company’s name. Such business entities don’t have a status of a state corporation, but bear a corresponding abbreviation in their names. The names of big industrial holding companies may contain the word “corporation”, as well. There has been given a comparative analysis of state corporations and other corporate structures on such criteria as a form of business organization, ownership situation, methods of state governing and control, business openness, and others.

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