Corporate Governance Formation in Poland, Kyrgyzstan, Russia, and Ukraine

Piotr Kozarzewski
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Piotr Kozarzewski: Center for Social and Economic Research (Warsaw) and Institute of Political Studies

Chapter 25 in Corporate Governance in Transition Economies, 2008, pp 251-288 from Springer

Abstract: This chapter presents a cross-country comparative study of corporate governance formation in four transition countries: Poland, Kyrgyzstan, Russian Federation, and Ukraine. These countries were chosen because, apart from the fact that all of them originated from the centrally planned Soviet type economy and since the beginning of the 1990s implement reform programs aimed at building of market economy, they differ significantly both in the ways this goal has to be achieved (i.e., patterns of the reform process) and in the reform outcome. The main task is to find out what are the main peculiarities of corporate governance regimes that have formed in these countries and to try to find the most important factors that contributed to the present state of corporate governance and the major differences between them. The task of analyzing successes and failures of corporate governance in transition economies is of crucial importance because the quality of corporate governance is one of the key factors determining the microeconomic efficiency of the enterprise sector and the quality of investment climate of the country. Consequently, this predetermines the perspectives for catching-up economic growth of the national economies.

Keywords: Corporate Governance; Ownership Structure; Minority Shareholder; Supervisory Board; Transition Country (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-84831-0_25

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DOI: 10.1007/978-0-387-84831-0_25

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