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Current tendencies in corporate governance system in Russia

Author

Listed:
  • Monika Fiedorczuk

    (University of Bialystok)

  • Jerzy Grabowiecki

    (University of Bialystok)

Abstract

The aim of this article is to analyze current selected tendencies in Russian corporate governance system that have been observed in the past few years. The corporate governance in Russia started formulating in the nineties of the 20th century as a result of the privatization process. It’s principal mechanism is a concentrated ownership structure. On the basis of a research conducted by the leading Russian research centers, the authors analyze changes concerning the ownership structure of Russia’s companies, including the model of companies’ owners, the role of the state both in the ownership structure and in corporate control and capital markets. The authors also try to define the probable further changes in corporate governance system in Russia.

Suggested Citation

  • Monika Fiedorczuk & Jerzy Grabowiecki, 2014. "Current tendencies in corporate governance system in Russia," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 13(3), pages 341-357, September.
    • Handle: RePEc:cpn:umkeip:v:13:y:2014:i:3:p:341-357
    DOI: 10.12775/EiP.2014.025
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    References listed on IDEAS

    as
    1. Jeroen Weimer & Joost Pape, 1999. "A Taxonomy of Systems of Corporate Governance," Corporate Governance: An International Review, Wiley Blackwell, vol. 7(2), pages 152-166, April.
    2. Alexander Radygin, 1996. "Privatization in the Russian Federation," CASE Network Studies and Analyses 0070, CASE-Center for Social and Economic Research.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Russia; corporate governance; ownership structure;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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