Actualization of Goal-Setting in the Management of Joint-Stock Companies

DOI

10.2991/aebmr.k.201215.043How to use a DOI?

Keywords

goal setting, joint stock companies, statutory goal, profitability, sustainable development, stakeholders

Abstract

In the article, based on the results of the research carried out, the main directions of up-dating goal-setting in the management of joint-stock companies are substantiated: targeting, taking into account the complex of interests of stakeholders, including shareholders, personnel, buyers, authorities in the territory of presence; decomposition of the statutory goal of a joint-stock company in the form of a cortege of sub-goals and tasks, communicating them to each division and performer; organization of goal achievement by applying basic and special management functions. The authors’ analysis of the content of several thousand charters of open joint-stock companies available on the Interfax corporate information disclosure site shows that the most common are stereotypical formulations that indicate that the activity of an equity company is the extraction of profit. The impact of elements of statutory goals on the financial results of joint-stock companies is estimated. Multiple regression analysis was performed in the context of 54 regions of the Russian Federation. Data on the occurrence of each of the elements of the statutory goals are used as predictors. Two indicators act as a response: the share of break-even joint stock companies in the region and the average level of profitability of joint stock companies. To assess the impact of combinations of elements of statutory goals on the level of profitability, the average values for types of statutory goals were compared using the Student’s criterion.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Vladislav Anichin
AU  - Yulia Zdorovets
AU  - Alina Dobrunova
AU  - Aleksandr Zhelyabovskiy
PY  - 2020
DA  - 2020/12/17
TI  - Actualization of Goal-Setting in the Management of Joint-Stock Companies
BT  - Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
PB  - Atlantis Press
SP  - 204
EP  - 208
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201215.043
DO  - 10.2991/aebmr.k.201215.043
ID  - Anichin2020
ER  -