Viktor Mikhailovich Arsentiev,
Doctor of Historical Sciences, National Research Mordovian State University, Saransk, Russia, e‑mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Andrey Evgenevich Makushev,
Candidate of Economic Sciences, Chuvash State Agrarian University, Cheboksary, Russia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
The Corporatization of Industrial Production in the Context of State Policy in the Late 19th – Early 20th Century (on the Example of the Middle Volga Region)
DOI: 10.31518/2618-9100-2022-4-1
The acceleration of the processes of early industrial modernization in Russia, observed at the end of the 19th – beginning of the 20th century, was accompanied by the complication of organizational and institutional forms of industrial entrepreneurship. In this regard, corporatization processes acquired a special role, which made it possible to bring the business to a qualitatively new level of development. At the same time, government circles, in the context of the emerging economic recovery, realized the need to improve the legislative support for the activities of joint-stock enterprises. Changes in the legal framework gave rise to the need for the management of companies to make adjustments to the functioning of joint-stock enterprises, to interact more actively with administrative and state structures. This article will attempt to study the impact of state initiatives in the field of joint-stock legislation on the practice of joint-stock business in the industrial sector in the Middle Volga region. The analysis showed that at the turn of the 19th – 20th centuries, the joint-stock form of capital mobilization in industrial production became more and more popular among representatives of the business world of the Russian province, despite the desire of the state to exercise control over the corporatization process and even regulate this form of business. At the same time, an important feature of the corporatization process in the provinces of the Middle Volga region was the desire of the founding owners of joint-stock companies to preserve the family principle by maintaining administrative and managerial functions and distributing shares and shares according to the kinship principle. On the whole, the appeal of industrialists to this progressive form of doing business was largely due to the new realities associated with the entry of the Russian economy to a new round of its development.
Publishing: 28/08/2022
The article has been received by the editor on 30/04/2022
How to cite: Arsentiev V.M., Makushev A.E. The Corporatization of Industrial Production in the Context of State Policy in the Late 19th – Early 20th Century (on the Example of the Middle Volga Region) // Historical Courier, 2022, No. 4 (24), pp. 11–21. [Available online: http://istkurier.ru/data/2022/ISTKURIER-2022-4-01.pdf]
Links: Issue 4 2022
Keywords: industrial entrepreneurship; joint-stock company; share partnership; government policy; separate legislation; Middle Volga region