EconPapers    
Economics at your fingertips  
 

Corporate Governance in Russia: A Consideration of Different Perspectives

Arsen M. Djatej, Robert H. S. Sarikas and David Senteney
Additional contact information
Arsen M. Djatej: Eastern Washington University
Robert H. S. Sarikas: Ohio University
David Senteney: Ohio University

Chapter 24 in Corporate Governance in Transition Economies, 2008, pp 243-249 from Springer

Abstract: Russian political and economic reform has often proceeded from far different perspectives than in the West. This includes corporate governance. For many Russians external corporate governance of Russian corporations by the state to promote the interest of the state is the most desirable form of corporate governance. This is in contrast to the international perspective of corporate governance that attempts to protect the economic position of investor shareholders. The transition of the Russian economy from a command economy that relied on central planning to a market economy that relies on private corporations making independent economic decisions remains incomplete. Continuing commentary on the difficulties and developments in Russia is commonplace because of the large international interest in the Russian reform process. One of the most important issues under discussion in this regard has been corporate governance. This is because the success of Russian corporations is what will define the successful end of the process of economic reform in Russia. This chapter will offer a definition of corporate governance and attempts to provide a discussion of two different contemporary perspectives on Russian corporate governance. The first perspective will be an international perspective consistent with the practitioner and academic thinking in the developed Western industrial democracies. The second perspective will be one that considers that the growth and development of Russia as a nation is essential to the success of Russian corporations and that the only efficient and effective method to achieve this growth and development of Russia under contemporary conditions is the strengthening of the Russian state and its constituent institutions that project economic, military, and political power. This will be described as a nationalist perspective on Russian corporate governance. The main contribution of this chapter is the material on the nationalist perspective.

Keywords: Corporate Governance; Communist Party; International Perspective; Good Corporate Governance; Corporate Governance Practice (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-84831-0_24

Ordering information: This item can be ordered from
http://www.springer.com/9780387848310

DOI: 10.1007/978-0-387-84831-0_24

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-23
Handle: RePEc:spr:sprchp:978-0-387-84831-0_24