Record Details

Economic and financial crises and changes in corporate governance in Russia (Part 1)

Ekonomia i Prawo. Economics and Law

View Archive Info
 
 
Field Value
 
Authentication Code dc
 
Title Statement Economic and financial crises and changes in corporate governance in Russia (Part 1)
 
Added Entry - Uncontrolled Name Fiedorczuk, Monika; University of Białystok
Grabowiecki, Jerzy; University of Białystok
Funding: this research was fully funded by a grant (DEC-2013/11/N/HS4/03327).
 
Uncontrolled Index Term ownership structure; state; corporate control; economic and financial crises
G32; G34
 
Summary, etc. <p>Motivation: Favorable conditions for the development of corporate governance in Russia emerged at the beginning of the 90s, together with the commencement of economic and political transformation. At the beginning, one of the main factors connected with building and developing a corporate governance system was the process of privatization of state-owned enterprises and main market reforms. In the subsequent years, more factors emerged, such as: further economic reforms, political transformations, adequate corporate legislation as well as financial and economic crises.</p><p>Aim: The article’s main thrust is to evaluate the impact of financial crisis of 1998 on the evolution of selected internally and externally mechanisms of corporate governance in Russia.</p><p>Results: The article uses theoretical analysis method based on a survey of literature and statistical data (especially from Russian Federal Statistics Service). The authors assume that the financial crisis of 1998 was a turning-point in the process of the evolution of corporate governance system in Russia. The crisis gave rise to new process of redistribution and consolidation of the ownership, caused significant changes in ownership structure and the process of building the new type of business groups (holdings). It caused the significant development of the corporate control market (mergers and acquisitions) as well as changes in the bankruptcy law.</p>
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2016-09-30 00:00:00
 
Electronic Location and Access application/pdf
http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2016.019
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 15, No 3 (2016)
 
Language Note en
 
Terms Governing Use and Reproduction Note Copyright (c) 2017 Ekonomia i Prawo. Economics and Law