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Towards Modernization Of The Corporate Governance In Bulgaria

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  • Spartak Keremidchiev

Abstract

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Suggested Citation

  • Spartak Keremidchiev, 2005. "Towards Modernization Of The Corporate Governance In Bulgaria," Industrial Organization 0501004, EconWPA.
  • Handle: RePEc:wpa:wuwpio:0501004 Note: Type of Document - pdf; pages: 18
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    File URL: http://econwpa.repec.org/eps/io/papers/0501/0501004.pdf
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    References listed on IDEAS

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    1. van Gelderen, Marco & Frese, Michael & Thurik, Roy, 2000. "Strategies, Uncertainty and Performance of Small Business Startups," Small Business Economics, Springer, vol. 15(3), pages 165-181.
    2. Audretsch, David B. & Bozeman, Barry & Combs, Kathryn L. & Feldman, Maryann & Link, Albert N. & Siegel, Donald S. & Stephan, Paula, 2002. "The Economics of Science and Technology," The Journal of Technology Transfer, Springer, vol. 27(2), pages 155-203, April.
    3. Berry, Maureen M. J. & Taggart, James H., 1998. "Combining technology and corporate strategy in small high tech firms," Research Policy, Elsevier, vol. 26(7-8), pages 883-895, April.
    4. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    5. Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, Elsevier.
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    Citations

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    Cited by:

    1. Dimitrov, Mitko & Tchipev, Plamen D & Keremidchiev, Spartak & Bakardjieva, Radostina, 2014. "Съвременното Състояние На Корпоративното Управление В България
      [Contemporary State of Corporate Governance in Bulgaria]
      ," MPRA Paper 62343, University Library of Munich, Germany.

    More about this item

    Keywords

    corporate governance; ownership concentration; modernization of corporate governance;

    JEL classification:

    • G - Financial Economics
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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