The Development and Challenges of Russian Corporate Governance I (Paperback)

Langue : anglais

Edité par ibidem-Verlag, Jessica Haunschild u Christian Schon, Stuttgart, 2019

3838212878 / 9783838212876

Série : Livre 85 sur 183 - Soviet and Post-Soviet Politics and Society

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Paperback. Despite increasing attention toward Russia's economy and capital market, corporate governance norms of Russian public firms are rarely analyzed. This project presents and interprets evidence regarding various governance practices followed by Russian firms covering almost the entire period of the existence of the Russian stock market. Its findings run counter to some widely held beliefs according to which Russia is a country with high resistance to corporate innovations due to socialist legacies.Part one of this two-volume study focuses on the role that boards of directors play in reducing intra-corporate agency conflicts. Russian companies have adopted progressive governance mechanisms including director independence, nationality and gender diversity on the board, dismissal of poorly performing CEOs, and cross-listing of companies on foreign markets with stringent reporting obligations. Some of these innovations have had notably positive impact on firms' performances and market valuation. Others, such as nationality diversity on boards of directors, enhanced the image of Russian companies but made little contribution toward improving internal governance. Unresolved issues impeding further progress include limited liability of directors before shareholders due to imperfections of the Russian legal system, a taboo on disclosures of executives' compensations, and generally high risks of conducting business in Russia. Despite impressive improvements in internal practices, Russian firms still have a long way to go to achieve the governance levels of their peers in developed countries. This project presents and interprets evidence regarding various governance practices followed by Russian firms covering the period of the Russian stock market. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…

N° de réf. du vendeur 9783838212876

Titre
The Development and Challenges of Russian Corporate Governance I (Paperback)
Auteur
Oksana Kim
Éditeur
ibidem-Verlag, Jessica Haunschild u Christian Schon, Stuttgart
Année de publication
2019
État de l'article
new
Reliure
Paperback
Langue
anglais
ISBN à 10 chiffres
3838212878
ISBN à 13 chiffres
9783838212876
Série
Livre 85 sur 183: Soviet and Post-Soviet Politics and Society

AussieBookSeller

Truganina, VIC, Australie

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 22 juin 2007

Frais d'expédition de Australie vers Etats-Unis

Article25 à 45 jours ouvrés8 à 14 jours ouvrés
Premier articleEUR 33,00EUR 39,24
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