 Corporate Governance: a Systemic Approach with an Application to Eastern EuropeRalph Heinrich
Chapter 6 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 83-97 from Palgrave Macmillan Abstract: Abstract There has been a long-standing debate on corporate governance in mature market economies.2 Recently issues of corporate governance have also come to the fore in the transition economies of Eastern Europe and the former Soviet Union. Improving corporate governance has been singled out as one of two priorities in the recent memorandum of understanding between the International Monetary Fund (IMF) and the Russian government. Deficiencies of corporate governance have also been blamed for the recent balance-of-payments crisis in the Czech Republic, where disappointing growth in labour productivity despite relatively high investment rates, together with excessive wage increases and the lack of attractiveness of the Prague stock market for foreign investors, led to an overvaluation of the exchange rate and an unsustainable current account deficit. Keywords: Stock Market; Corporate Governance; Ownership Concentration; Equity Holder; Creditor Protection (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-28607-8_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Studies in Economic Transition from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.