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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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