Titlebook: Organization and Development of Russian Business; A Firm-Level Analysi Tatiana Dolgopyatova (Chief Researcher, Professor) Book 2009 Palgrav

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Stock Ownership and Corporate Controlwhich majority shareholders participate directly in management as top managers of companies (Insiders and Outsiders 2004; Stiglitz 1999). A combination of ownership and control has become a formal institution of Russian corporate practices, which restrict the demand for “outside” managers who do not

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The Banking Sector and Corporate Financewhile command economy, can no longer hope to do so after the regime change. At the same time, they are now capable of making independent decisions regarding their financial needs. Their behavior is influenced not only by their needs but also by the efficiency of the financial sector as well as by va

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State-Business Relations and Improvement of Corporate Governanceof the outcome of privatization and were widely supportive of the revision of its results (Denisova et al. 2007). The negative experience in Russia led to new conclusions about the importance of the institutional environment and the inefficiency of privatization under a weak government exposed to gr

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Tatiana Dolgopyatova (Chief Researcher, Professor)

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Tatiana G. Dolgopyatova,Ichiro Iwasaki,Andrei A. Yakovlev

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Introductionussian Federation, where socialism had been developing for decades, clearly shows that the overall restructuring of a planned economy is a time- and resource-consuming social process. Due to such difficulties, there is a broad consensus among scholars that systemic transformation in Russia should co

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The Emergence of Russian Corporations: From the Soviet Enterprise to a Market Firmrprise behavior as division lines. The first was the disintegration of the Soviet Union, the swift dismantling of central planning, and the shock therapy of price liberalization in 1991–1992. The second event was the financial crisis of August 1998 and the political crisis that followed, which serve

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Stock Ownership and Corporate Control capital in the corporate sector resulting from its aggressive redistribution for more than 15 years tends to be high. Second, the high concentration of ownership affected the development of corporate control and evolution of the mechanisms of corporate governance (Natsional’nyi Doklad 2008). This h