SIDE EFFECTS OF THE TITLE CAPITAL ACTIVITY
The paper illustrates destructive influence of the title capital on processes occurring in the stock market, which take place at imperfection or incompleteness of developing a system of stock market institutions. It is shown that in order to prevent side effects of the title capital activity it is necessary to harmonize the specific nature of institutions of the title capital.
Keywords: cover capital, institutional component, institutional dysfunction, destructive impact,
insider information, manipulation.
Konstantin N. Ermolaev, candidate of Economics, Associate Professor, Samara State University of Economics.