Managing the non-public company net assets decline risk through the profit participation rights regulation

Subject. This article considers the issues related to entrepreneurial and managerial risks. Objectives. The article aims to develop an econometric model for forecasting the value of net assets depending on the degree of regulation of the participants' rights. Methods. For the study, we used comprehensive, systems, correlation, and regression analyses. Results. The article determines the correlation coefficients between the degree of regulation of some participants' rights in Russian non-public companies and the change in the value of their net assets over the past three years. The article presents the author-developed econometric model, which makes it possible to predict the value of net assets of Russian non-public companies over a given period of time depending on the degree of regulation of each of the selected participants' rights, and it substantiates the possibility of using corporate governance tools to manage the risk of reducing the value of net assets of Russian non-public companies. Relevance. Determining the closeness and nature of the relationship between the degree of regulation of selected participants' rights and changes in the value of net assets of Russian non-public companies helps understand which rights should be regulated first and to what extent in order to reduce the likelihood of a risk of a decrease in the value of net assets.