Corporate Governance: An Antidote to Corruption - Examples/Lessons Learned in Bulgaria and Transition Countries

CORPORATE GOVERNANCE: AN ANIDOTE TO CORRUPTION, CIPE, pp. 33-36, A. Shkolnikov, ed., Washington, 2002

3 Pages Posted: 26 Mar 2011

See all articles by Todor Yalamov

Todor Yalamov

Saint Clement of Ohrid University of Sofia - Department of Economics and Business Administration; Center for the Study of Democracy; ARC Fund

Boyan Belev

Center for the Study of Democracy

Date Written: 2002

Abstract

The paper considers existing corruption in business-to-business relationships as a symptom of poor corporate governance. Corporate governance problems in the context of transitional or developing countries go beyond the classical problems that result from the separation of ownership and control. Following the new institutional economics approach, the effectiveness of a particular corporate governance system is interdependent with the set of institutions (regulations, contracts and norms) which create self-governing firms in the economy. The paper discusses issues of transperancy, discretion, accountabilty and trust and their relationships with corporate corruption in the Bulgarian context.

Keywords: corporate governance, corruption

JEL Classification: G39

Suggested Citation

Yalamov, Todor and Yalamov, Todor and Belev, Boyan, Corporate Governance: An Antidote to Corruption - Examples/Lessons Learned in Bulgaria and Transition Countries (2002). CORPORATE GOVERNANCE: AN ANIDOTE TO CORRUPTION, CIPE, pp. 33-36, A. Shkolnikov, ed., Washington, 2002, Available at SSRN: https://ssrn.com/abstract=1791210

Todor Yalamov (Contact Author)

Saint Clement of Ohrid University of Sofia - Department of Economics and Business Administration ( email )

Sofia
Bulgaria

HOME PAGE: http://www.feb.uni-sofia.bg

Center for the Study of Democracy ( email )

5 Alexander Zhendov St.
Sofia, 1113
Bulgaria

HOME PAGE: http://www.csd.bg

ARC Fund ( email )

5 Al. Zhendov Str
Sofia, 1113
Bulgaria

HOME PAGE: http://www.arcfund.net

Boyan Belev

Center for the Study of Democracy ( email )

5 Alexander Zhendov St.
Sofia, 1113
Bulgaria

HOME PAGE: http://www.csd.bg

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