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Corporate governance and information openness in Russian NGOs


  • Malakhov, Dmitry

    (HSE University, Moscow, Russian Federation)

  • Yakobson, Lev

    (HSE University, Moscow, Russian Federation)


According to the NGO theory, the main comparative advantage of these organizations is the high level of trust, provided primarily by the peculiarities of corporate governance and information openness. In Russia, these features of NGOs are still relatively weak, but they are gradually being mastered by the non-profit sector. Based on the data of an all-Russian representative survey of 1001 NGOs, using the exogenous differences in the requirements of the legislation for the organization of corporate governance in different legal forms of NGOs, it is shown that if an NGO at the time of creation has a board of trustees and/or a supervisory board, then it has a statically significant positive effect on the information openness. This result seems to be important in the context of the development of the non-profit sector in Russia.

Suggested Citation

  • Malakhov, Dmitry & Yakobson, Lev, 2021. "Corporate governance and information openness in Russian NGOs," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 62, pages 101-124.
  • Handle: RePEc:ris:apltrx:0421

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    References listed on IDEAS

    1. Cameron,A. Colin & Trivedi,Pravin K., 2013. "Regression Analysis of Count Data," Cambridge Books, Cambridge University Press, number 9781107667273, December.
    2. L. Yakobson., 2012. "Economic Way of Thought and Legislation on Nonprofit Organizations," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    3. Joshua D. Angrist & Jörn-Steffen Pischke, 2009. "Mostly Harmless Econometrics: An Empiricist's Companion," Economics Books, Princeton University Press, edition 1, number 8769.
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    More about this item


    NGO; transparency; openness; corporate governance; board of trustees; supervisory board;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship


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