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Evolution of Russian Corporate Governance

Author

Listed:
  • Satoshi MIZOBATA

    (Institute of Economic Research, Kyoto University, Japan)

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.

Suggested Citation

  • Satoshi MIZOBATA, 2005. "Evolution of Russian Corporate Governance," The Journal of Comparative Economic Studies (JCES), The Japanese Society for Comparative Economic Studies (JSCES), vol. 1, pages 25-58, July.
    • Handle: RePEc:cos:epaper:v:1:y:2005:p:25-58
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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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    References listed on IDEAS

    as
    1. The World Bank., 2004. "Ownership and Control of Enterprises," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
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    Cited by:

    1. Ichiro IWASAKI & Satoshi MIZOBATA, 2018. "Post-Privatization Ownership And Firm Performance: A Large Meta-Analysis Of The Transition Literature," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 89(2), pages 263-322, June.
    2. Ichiro Iwasaki & Satoshi Mizobata, 2020. "Ownership Concentration and Firm Performance in European Emerging Economies: A Meta-Analysis," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(1), pages 32-67, January.
    3. Iwasaki, Ichiro & Ma, Xinxin & Mizobata, Satoshi, 2022. "Ownership structure and firm performance in emerging markets: A comparative meta-analysis of East European EU member states, Russia and China," Economic Systems, Elsevier, vol. 46(2).

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      More about this item

      Keywords

      Russia; Transformation; Corporate governance; Management; Corporate social responsibility; Institutions;
      All these keywords.

      JEL classification:

      • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
      • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
      • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
      • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
      • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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