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Towards Modernization Of The Corporate Governance In Bulgaria


  • Spartak Keremidchiev


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, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpio:0501004
    Note: Type of Document - pdf; pages: 18

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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


    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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