Improving the share circulation mechanism of business entities in the agroindustrial complex

Abstract

In the Republic of Belarus, the stock market can be attributed to the emerging markets, where its mechanisms and tools are being formed and refined, and the infrastructure is being improved. This is one of the ways to attract the most inexpensive investments in agroindustrial complex, which allows to accumulate available cash assets from individuals and legal entities, while the cost of funds raised by selling a security is in some cases lower than raising credit funds.The article reflects the features of the share circulation. It is systemic in nature and includes a methodology for calculating the increase in the size of the authorized capital of a joint-stock company, in cases of increasing the nominal value of shares at the expense of equity, as well as carrying out an additional issue of shares at the expense of shareholders, third parties (investors). The authors present an algorithm for debt restructuring by increasing the authorized capital of a joint-stock company within the amount of the resulting debt with the transfer of shares (shares in the authorized fund) to the creditor, the procedure for placing additionally issued shares. The article proposes mechanisms for recognizing shares as escheat and exercising the rights certified by shares.