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ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Assessing the impact of corporate rights regulation on the risk of corporate conflicts

Vol. 17, Iss. 2, JUNE 2024

Received: 29 February 2024

Received in revised form: 11 March 2024

Accepted: 20 March 2024

Available online: 30 May 2024


JEL Classification: М14

Pages: 128–142


Elena V. VOLKODAVOVA Samara State University of Economics (SSEU), Samara, Russian Federation


Vasilii V. ZHALNIN Samara State University of Economics (SSEU), Samara, Russian Federation


Subject. The article considers the improvement of methodology for risk management of corporate conflicts in non-public companies.
Objectives. The purpose is to assess the impact of the degree of regulating the procedure for implementation of various corporate rights of participants of Russian non-public companies on the frequency of the risk of corporate conflicts, and develop an econometric model enabling to predict the frequency of this risk.
Methods. We employed methods of complex, systems, and correlation-regression analysis.
Results. We assessed the impact of the degree of regulation of procedure for exercising various corporate rights of participants in Russian non-public companies on the frequency of the risk of corporate conflicts, and developed an econometric model that helps predict the frequency of this risk.
Conclusions. Quantitative assessment of the impact of the degree of regulation of corporate rights on the frequency of corporate conflicts provides insight into what corporate rights should be regulated to reduce the risk. The compiled equation of multiple linear regression enables to predict the number of possible corporate conflicts over a certain period of time, depending on the presence of certain factors (the degree of regulation of certain corporate rights of participants). The theoretical significance of the work consists in substantiating the possibility of using quantitative methods for assessing and modeling the impact of the degree of regulation of corporate rights on the frequency of the risk of corporate conflicts. The practical significance is in the possibility of using the developed model in the activities of Russian non-public companies to minimize the risk of corporate conflicts.

Keywords: corporate conflict, corporate rights, regulation, corporate agreement


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