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Evolution of Russian Corporate Governance

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  • Satoshi MIZOBATA

    (Institute of Economic Research, Kyoto University, Japan)

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    Abstract

    The Russian corporate governance has evolved since the 1998 financial crisis. The author examines both normalization and preservation in the corporate structure, which can simultaneously be observed in the adaptation of Russian enterprises. The Russian corporate governance reflects the unique interests of its stakeholders and the embedded features of the society, for which the reforms are insufficient from the microeconomic aspects. Since the characteristics of corporate governance in Russia are based on its evolutionary transformation, Russian historical and cultural factors are believed to be retained in the medium term.

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    File URL: http://www.kier.kyoto-u.ac.jp/~ces/jces/01_jces_2005/06_Mizobata.pdf
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    Bibliographic Info

    Article provided by The Japanese Society for Comparative Economic Studies (JSCES) in its journal The Journal of Comparative Economic Studies.

    Volume (Year): 1 (2005)
    Issue (Month): (July)
    Pages: 25-58

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    Handle: RePEc:cos:epaper:v:1:y:2005:p:25-58

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    Web page: http://www.kier.kyoto-u.ac.jp/~ces/
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    Related research

    Keywords: Russia; Transformation; Corporate governance; Management; Corporate social responsibility; Institutions;

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    1. Sergei Guriev & Olga Lazareva & Andrei Rachinsky & Sergei Tsukhlo, 2004. "Corporate Governance in Russian Industry," Problems of Economic Transition, M.E. Sharpe, Inc., vol. 47(3), pages 6-83, July.
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