Definition: Corporations

Category: Frascati Manual

All entities that are capable of generating a profit or other financial gain for their owners, that are recognised by law as separate legal entities from their owners who enjoy limited liability, and that are set up for purposes of engaging in market production. The term covers cooperatives, limited liability partnerships and quasi-corporations. http://ec.europa.eu/eurostat/ramon/statmanuals/files/Frascati-Manual-2015_EN.pdf
Source:
Organization for Economic Cooperation and Development (OECD), "Frascati Manual 2015: The Measurement of Scientific, Technological and Innovation Activities - Guidelines for Collecting and Reporting Data on Research and Experimental Development", Paris, 2015
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