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Systems of Corporate Control


  • Olga Taranenko


The paper analyzes two types of corporate governance system: the insider control system (the bank based system) and the outsider control system (the market based system). The paper focuses on the differences of the systems: ownership structure, financing in the systems, managing body and control of managers. Furthermore, the paper covers the problems of the systems in market economy countries by the example of Germany and the USA and transition economy countries by the example of Russia.

Suggested Citation

  • Olga Taranenko, 2008. "Systems of Corporate Control," Ekonomika a Management, University of Economics, Prague, vol. 2008(2).
  • Handle: RePEc:prg:jnleam:v:2008:y:2008:i:2:id:23

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    References listed on IDEAS

    1. McCarthy, Daniel & Puffer, Sheila, 2002. "Corporate Governance in Russia:: towards a European, US, or Russian Model?," European Management Journal, Elsevier, vol. 20(6), pages 630-640, December.
    2. Andreas Hackethal & Reinhard H. Schmidt & Marcel Tyrell, 2005. "Banks and German Corporate Governance: on the way to a capital market-based system?," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(3), pages 397-407, May.
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    More about this item


    Vlastnická kontrola společností; správní orgány; systém vnitřní kontroly založený na bankách; Corporate Governance; systém vnější kontroly založený na trhu; Insider Control System; vlastnická struktura; Outsider Control System; financování;

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other


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