Corporate Governance in Russia and Some Points of Comparison with China

Aimin Chen

Chinese Economy, 2009, vol. 42, issue 3, 41-59

Abstract: This article analyzes corporate governance in Russia based on a study of the relationships between firms and banks, firms and capital markets, firms and government, and, within firms, between owners, management, and employees. In addition, a few important aspects of corporate governance in Russia and China are compared. Our descriptive study suggests that Russia's corporate governance is neither German-Japanese style nor Anglo-American style. Unlike in China, where enterprise reform is developing toward the Anglo-American style of corporate governance, Russia has stronger features of the German-Japanese style of governance because of its heavy bank involvement.

Date: 2009
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