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Corporate Governance and Efficiency of Russian Companies from Stock Market Perspective

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  • Kleiner, Vadim

Abstract

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.

Suggested Citation

  • 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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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/17103/RRC_WP_No11.pdf
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