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The residual income switches on the right to choose managers. Administrative decisions

In the solving image define size of the residual income, and extremely

It is improbable that the contract on which one group is included into business in exchange for

The right of reception of residual profits, and group with opposite interests

Acquires the right to choose managers, it will be voluntary approved by the first group.

Till now this communication between the right to reception of residual profit and the right

Selection of managers it was underlined insufficiently simply because traditionally

Both rights were perceived as components of the uniform property right, and at

It it was not realised that sources of both rights have essentially different sources

In the conditions of the agreement between participants of the enterprise. It is necessary to add that at

Socialism the right to residual profit and the right to appoint managers so

Are unseparable, as well as under capitalism. In the Soviet version of a socialism both rights

Belong to the state. In the Yugoslavian variant the state receives The fixed income for capital and equipment granting, and both rights Belong to employees. As a whole there are six patterns of ownership and five possible types

The co-operative societies, differing subjects that the property right can belong

To managing directors, investors, the suppliers serving, to consumers or the state.

Unique distinctive feature of the co-operative societies belonging to investors,

Consists in that here participation in the property is freely alienated, and Everybody can be the buyer of this share: the manager serving, the consumer

Or the supplier of the enterprise. However co-operative societies of other types can receive

The capital by means of bonds or other forms of the fixed credit Obligations, switching on even preference shares, dividends on which Are paid before payment of any dividends to group of proprietors. Such

Access to the capital, for the reasons discussed in chapter 7 to get of advantage from

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