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This article studies the link between corporate governance conflicts on the one hand, and employment and wage policies of companies on the other. We use data on publicly traded Russian companies with dual class stock (common and preferred shares), which allows us to use the concept of voting...

Comparative analysis of CSR allows characterizing both corporate society and market institutions. Even though transition economies have backwardness of corporate governance institutions and include premature CSR, Russian CSR, paradoxically speaking, can be regarded as hyper one, and specific...

In this paper, using a unique dataset of joint-stock companies, we empirically examine the determinants of the choice and size of the collective executive board, a core element of the multi-tier board system of Russian firms. Our empirical evidence strongly suggests that the need of company...

This article discusses the objectives and challenges for corporate governance of SOEs in Russia, and provides an international perspective of the performance of SOEs as compared to privately owned companies. Recent trends in the policy and management of state property are described. The problems...

Based on panel data from 1995 – 1997, the paper focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of "blue chips" of the country's stock market. We find that ownership concentration results in higher...

The paper considers key issues in the development of effective corporate governance in the newly established corporate sector of Russia.

This article is one of the first surveys on the turnover of senior managers in privatized enterprises in Russia. Its basic premise is that a radical change in the managing teams of these enterprises was necessary in the 1990s in order to enhance their restructuring and improve their performance....

This paper studies the impact of federal state shareholdings on the performance of Russian companies. It differs from most similar studies in two respects. Firstly, it focuses on mixed ownership companies rather than conventional state enterprises. Secondly, it distinguishes between several...

This paper aims to add to the literature on the connection between corporate governance and company valuation. Conventional wisdom predicts a positive effect of good governance on stock price, and empirical papers claim to have proven this effect for a number of large emerging markets including...