Corporate Governance in a Transition Economy: A Case Study of Russia
12 Pages Posted: 4 Nov 2003
Corporate governance has become a popular topic in recent years. Although much attention has been given to corporate governance in the United States and other Western countries as a result of recent scandals, and in Japan and other East Asian countries because of the financial crisis that occurred there a few years ago, much has also been going on in Russia and other transition economies in the area of corporate governance. This paper discusses recent developments in corporate governance in Russia and includes information gathered during interviews conducted in Russia during the summer of 2003.
Keywords: corporate governance, transition economy, Russia, foreign direct investment, FDI, International Accounting Standards, IAS, International Financial Reporting Standards, IFRS
JEL Classification: G34, K22, O16, P2
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