Legal Form of Incorporation

Ichiro Iwasaki

Chapter 3 in Organization and Development of Russian Business, 2009, pp 62-88 from Palgrave Macmillan

Abstract: Abstract The Russian corporate sector went through a fundamental transition to a capitalist economy triggered by the collapse of the Soviet Union. As of 2005, private corporations accounted for about 65% of the country’s GDP, nearly 88.6% of its industrial production, and about 91.5% of its total employment (EBRD 2005; Rosstat 2007).1 Even though state control over “strategic industries” continues, the overwhelming dominance of state-owned enterprises in the Russian economy is already a thing of the past. In addition, in recent years, there have been a growing number of new market entries by private firms against the background of a remarkable economic recovery, and new small and medium-sized companies led by entrepreneurs of the new generation have been popping up one after another, tapping new markets by filling every niche in the national economy.

Keywords: Corporate Governance; Business Group; Legal Form; Generally Accepted Accounting Principle; Convertible Bond (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1057/9780230249493_4

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