S.11102 Non-financial corporations, excl. housing corporations, national private

The sub-sector national private non-financial corporations consists of all non-financial corporations and quasi-corporations recognised as independent legal entities that are not controlled by government units or by non-resident institutional units. This sector also includes all non-profit institutions serving enterprises and households’ business activities, such as employer and business organisations.

Quasi-corporations include own-account workers whose activity is relatively large and similar to corporations. They generally keep double-entry accounts on their activities. Regardless of the accounting method, the agreed criterion for the corporation type of activity is that ownaccount workers employing at least two persons, on average, are recorded as national private nonfinancial corporations.

A single institutional unit – another corporation, a household or a non-profit institution – secures control over a corporation or a quasi-corporation by owning more than one half the voting shares or otherwise controlling more than half the shareholders’ voting power.

This sub-sector includes corporate and quasicorporate direct foreign investment units not classified in the sub-sector foreign controlled non-financial corporations (S.11103). [0]

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