Finance and Credit

Management companies in the housing and communal services sphere: Legal forms and quantitative parameters of the service object

Vol. 24, Iss. 6, JUNE 2018

Received: 28 March 2018

Received in revised form: 16 April 2018

Accepted: 30 April 2018

Available online: 30 June 2018

Subject Heading: Financial system

JEL Classification: G00

Pages: 1387—1402

Sukharev A.N. Tver State University, Tver, Russian Federation

Golubev A.A. Tver State University, Tver, Russian Federation

Karaseva L.A. Tver state University, Tver, Russian Federation

Subject The article deals with statistical generalization of management companies in Russia, including their number, structure, average 'life' and 'age'.
Objectives The study focuses on quantitative aspects of managing organizations' activities in Russia and its constituent entities (the number of managing organizations, their composition and structure, average number of serviced houses and their floor space, etc.).
Methods The study draws on grouping the quantitative data, analysis and synthesis.
Results The article presents statistical grouping of managing organizations (management companies, housing cooperatives, condominiums) operating in Russia and its constituent entities. We calculated the average number of houses serviced by one management company, average floor space in these houses, average number of urban population per one management company, etc.
Conclusions The average 'life' and 'age' of management companies are insignificant. The average maintenance period of an apartment building by one management company is even less than the average 'life' and 'age' of such companies. This should be taken into account when developing the public policy in the sphere of housing and utilities. Emerging and liquidated organizations in the housing sector do not form a strong and effective institutional structure in the industry.

Keywords: management company, homeowners' association, condominium, housing cooperative, economic effect


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