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Empirical Analysis of the Boards of Directors’ Impact on the Corporate Performance of Russian Companies
[Эмпирический Анализ Влияния Советов Директоров На Финансовые Результаты Деятельности Российских Компаний]


  • Dulyak, Yulia (Дуляк, Юлия)

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))


This paper gives the empirical analysis of the impact of the boards of directors’ composition and structure and the personal characteristics of the boards’ members on corporate performance of Russian public and non-public companies. Hypothesis that describe the influence of the boards’ characteristics on corporate performance are tested on the panel data of 200 Russian large and medium joint-stock companies during the period between 2007—2011. As a result, we show that firms’ efficiency depends on a number of the boards’ characteristics (the share of the executive directors, the number of directors with the working experience in the industry, chairman working in the boards of other companies).

Suggested Citation

  • Dulyak, Yulia (Дуляк, Юлия), 2015. "Empirical Analysis of the Boards of Directors’ Impact on the Corporate Performance of Russian Companies
    [Эмпирический Анализ Влияния Советов Директоров На Финансовые Результаты Деятельности Российс
    ," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 126-148, February.
  • Handle: RePEc:rnp:ecopol:ep1516

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    References listed on IDEAS

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    Cited by:

    1. Muravyev, Alexander, 2017. "Boards of directors in Russian publicly traded companies in 1998–2014: Structure, dynamics and performance effects," Economic Systems, Elsevier, vol. 41(1), pages 5-25.

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    board of directors; empirical analysis; Russia;


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