IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v21y2009i1p65-84.html
   My bibliography  Save this article

Changes in corporate governance quality in Estonia between 1999 and 2007

Author

Listed:
  • Helen Bollaert
  • Antoine Dile

Abstract

This article documents significant improvements in the quality of corporate governance in Estonian listed firms between 1999 and 2007. Basing our approach in the agency theory framework, we construct a corporate governance index reflecting the specificities of transition economies in general and Estonia in particular. We base our index on best practice using a number of widely recognised sources. Using hand-collected publicly available data for 1999 and 2007, we calculate a corporate governance score for every listed company. Comparing the scores, we find an overall improvement in corporate governance during the period, which coincided with Estonia's accession to the EU. We find evidence that some corporate governance practices are better in cross-listed firms and those which were already in existence in 1989 and which were subsequently privatised. We identify some areas of corporate governance where practices could be enhanced.

Suggested Citation

  • Helen Bollaert & Antoine Dile, 2009. "Changes in corporate governance quality in Estonia between 1999 and 2007," Post-Communist Economies, Taylor & Francis Journals, vol. 21(1), pages 65-84.
    • Handle: RePEc:taf:pocoec:v:21:y:2009:i:1:p:65-84
    DOI: 10.1080/14631370802663653
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/14631370802663653
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631370802663653?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ingrid-Mihaela Dragotă & Andreea Curmei-Semenescu & Raluca Moscu, 2020. "CEO Diversity, Political Influences, and CEO Turnover in Unstable Environments: The Romanian Case," JRFM, MDPI, vol. 13(3), pages 1-22, March.
    2. Morar Triandafil, Cristina & Poanta, Dorina, 2011. "Central and East European Corporate Finance: Between Commonality and Heterogeneity," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 132-161, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:pocoec:v:21:y:2009:i:1:p:65-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.