Corporate Governance in Transition Economies: The Theory and Practice of Corporate Governance in Eastern Europe

23 Pages Posted: 4 May 2004

See all articles by Robert W. McGee

Robert W. McGee

Fayetteville State University - Department of Accounting

Galina Preobragenskaya

Abu Dhabi University - Department of Accounting

Abstract

Corporate governance issues are especially important in transition economies, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. Before the fall of the Berlin Wall and the collapse of the Soviet Union, there was no need to discuss corporate governance issues because all enterprises were owned by the state and there were no shareholders. All that has changed since 1989. This paper discusses how transition economies are dealing with corporate governance issues and the extra obstacles they have to overcome due to a lack of established financial institution infrastructure. Several case studies from Eastern Europe are examined.

Keywords: corporate governance, transition economies, Russia, Eastern Europe, CIS, NIS

JEL Classification: G34, P20, M41

Suggested Citation

McGee, Robert W. and Preobragenskaya, Galina G., Corporate Governance in Transition Economies: The Theory and Practice of Corporate Governance in Eastern Europe. Available at SSRN: https://ssrn.com/abstract=538582 or http://dx.doi.org/10.2139/ssrn.538582

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

Galina G. Preobragenskaya

Abu Dhabi University - Department of Accounting ( email )

PO Box 59911
Abu Dhab
United Arab Emirates

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