Corporate Governance and Efficiency of Russian Companies from Stock Market Perspective

Vadim Kleiner

No 11, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: The article shows that a transition from a static to a dynamic analysis of corporate governance changes of the definition of "corporate governance" to include not only relationships between a company and its shareholders, but also company relationships with a variety of other stock market participants. The article analyses corporate governance's level of influence on company efficiency. It also suggests a minimum set of key corporate governance principles, by examining which company meets compliance with most well-known principles of corporate governance. The conclusions are illustrated using case studies of Russian companies.

Pages: 30 pages
Date: 2009-02
New Economics Papers: this item is included in nep-eff and nep-tra
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/17103/RRC_WP_No11.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:11

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