Concept information
Preferred term
joint stock companies
Definition
- A joint stock company (or corporation) employs capital on an ongoing basis for the benefit of its owners. Ownership rights are vested in shares, which represent the value of the enterprise, that are held by individual or institutional owners. [Source: International Encyclopedia of Organization Studies; Joint Stock Companies]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/joint_stock_companies
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