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Banks and corporate sector in Russia – the evolution and current state of relations in a corporate governance context

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  • Monika Fiedorczuk

    (University of Bialystok, Faculty of Economics and Management)

Abstract

The main goal of the paper is to analyse the evolution and the current state of banks’ role in corporate governance in Russia. The article is partly a review as it includes the analysis of results obtained from studies conducted by the main Russian research centres, and was additionally supplemented with a statistical data analysis. Banks played a significant role in the corporate sector development in the 1990s. Their strong position was undermined as a result of the financial crisis of 1998. In the first decade of the 21st century, the role of banks in the functioning of the corporate sector was restricted due to ownership redistribution, the development of corporate control market as well as the strengthening of the state’s position in the economy. Recent years, especially due to the difficult situation of the Russian economy since 2014, indicates an increase in the significance of the banking system.

Suggested Citation

  • Monika Fiedorczuk, 2017. "Banks and corporate sector in Russia – the evolution and current state of relations in a corporate governance context," Bank i Kredyt, Narodowy Bank Polski, vol. 48(5), pages 463-482.
    • Handle: RePEc:nbp:nbpbik:v:48:y:2017:i:5:p:463-482
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    File URL: https://bankikredyt.nbp.pl/content/2017/05/BIK_05_2017_02.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    banking sector; corporate governance; Russian economy;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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