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Corporate Governance and Efficiency of Russian Companies from Stock Market Perspective


  • Kleiner, Vadim


The article shows that a transition from a static to a dynamic analysis of corporate governance changes of the definition of "corporate governance" to include not only relationships between a company and its shareholders, but also company relationships with a variety of other stock market participants. The article analyses corporate governance's level of influence on company efficiency. It also suggests a minimum set of key corporate governance principles, by examining which company meets compliance with most well-known principles of corporate governance. The conclusions are illustrated using case studies of Russian companies.

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  • Kleiner, Vadim, 2009. "Corporate Governance and Efficiency of Russian Companies from Stock Market Perspective," RRC Working Paper Series 11, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:rrcwps:11

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