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Corporate Governance in Russia and Some Points of Comparison with China

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  • Aimin Chen

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.

Suggested Citation

  • Aimin Chen, 2009. "Corporate Governance in Russia and Some Points of Comparison with China," Chinese Economy, Taylor & Francis Journals, vol. 42(3), pages 41-59, May.
    • Handle: RePEc:mes:chinec:v:42:y:2009:i:3:p:41-59
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    Cited by:

    1. Giuliana Bronzoni Liberato & Marcelo Sanches Pagliarussi, 2008. "Disclosure de estratégia em relatórios anuais: a influência das dimensões culturais, do sistema legal e da governança corporativa em empresas de quatro países," Fucape Working Papers 03, Fucape Business School.
    2. Demirbag, Mehmet & Wood, Geoffrey & Makhmadshoev, Dilshod & Rymkevich, Olga, 2017. "Varieties of CSR: Institutions and Socially Responsible Behaviour," International Business Review, Elsevier, vol. 26(6), pages 1064-1074.
    3. Kopyrina, Olga & Stepanova, Anastasia, 2023. "The influence of ownership structure and board independence on the cost of debt in BRIC countries," Economic Systems, Elsevier, vol. 47(2).

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