The capital of a joint-stock company belongs not only to one stock owner or shareholder, but to all shareholder groups. Shareholders have no right to independently control their share capital, but can only sell shares to recover their capital, and cannot ask the company to repay its share capital. Shareholders have the right to attend the shareholders' meeting of the company, discuss and vote on major issues of the company, and make decisions.
Capital stock is the capital whose ownership and management rights are separated. Capitalists who actually perform their functions in wholly-owned enterprises are transformed into simple managers and operators of other people's capital in joint-stock companies.
Capital owners are transformed into simple owners, that is, simple money capitalists. Stock capital is the product of the contradiction between production socialization and capitalist individual and partnership form, and it is based on the development of credit system.
Extended data
The calculation method of share capital is to add the company's net assets (including registered capital, various accumulation funds, accumulated surplus, etc.). , excluding debt) divided by total equity to get the net value per share.
The higher the book value of a joint-stock company, the more assets shareholders actually own. Because book value is the result of financial statistics and calculation, the data is accurate and reliable, so it is one of the important basis for stock investors to evaluate and analyze the strength of listed companies. Shareholders should pay attention to this data of listed companies.
Capital reserve per share: the difference between issuing bonds at a premium and donating physical objects as capital reserve.
P/E ratio: P/E ratio = price of common stock per stock market ÷ annual income of common stock per share.
Undistributed profit per share: Undistributed profit per share = total undistributed profit of the enterprise in the current period/total share capital.