This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...

The paper focuses on the current state of economic science in Russia with a particular emphasis on the role of Russian journals in accumulation and dis-semination of knowledge. We compare important quantitative characteristics of Russian and international journals in the field of economics. We...

This paper is the first to analyze the costs of job loss in Russia, using unique new data from the Russian Longitudinal Monitoring Survey over the years 2003-2008, including a special supplement on displacement that was initiated by us. We employ fixed effects regression models and propensity...

This paper takes advantage of a recent policy experiment in Ukraine's secondary education system to study the effect of stricter requirements for proficiency in the state language on linguistic minority students’ demand for, as well as opportunities to pursue, further studies at the university...

This paper studies whether and how chief executive officer turnover in Ukrainian firms is related to their performance. Based on a novel data set covering Ukrainian joint stock companies from 2002 to 2006, the paper finds a statistically significant negative association between the past...

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 paper presents and discusses new data on employment protection legislation (EPL) in the successor states of the former USSR – the CIS and Baltic states – over 25 years from 1985 to 2009. We use the OECD methodology (OECD EPL, version II) for assessing the strictness of national labor...

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...