A Survey of Corporate Governance in Russia

Lazareva, Olga; Rachinsky, Andrei; Stepanov, Sergey

doi:10.2139/ssrn.997965

A Survey of Corporate Governance in Russia

CEFIR/ NES Working Paper No. 103

46 Pages Posted: 3 Jul 2007

See all articles by Olga Lazareva

Olga Lazareva

National Research University Higher School of Economics

Andrei Rachinsky

Center for Economic and Financial Research (CEFIR); New Economic School, Moscow

Sergey Stepanov

National Research University Higher School of Economics - Faculty of Economics; National Research University Higher School of Economics - International College of Economics and Finance

Date Written: June 2007

Abstract

In this survey, we describe the current state of corporate governance in Russia and discuss its dynamics and prospects. We review the main mechanisms of corporate governance in the country and relate them to firms' ownership structures, financial market development and government influence. Finally, we discuss the current trends in Russian corporate governance and its prospects.

Keywords: corporate governance, ownership, expropriation, predatory state, property rights

JEL Classification: G32, G34, G38

Suggested Citation: Suggested Citation

Lazareva, Olga and Rachinsky, Andrei and Stepanov, Sergey, A Survey of Corporate Governance in Russia (June 2007). CEFIR/ NES Working Paper No. 103, Available at SSRN: https://ssrn.com/abstract=997965 or http://dx.doi.org/10.2139/ssrn.997965