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Corporate Governance and Development: The Case of Uzbekistan

Author

Listed:
  • Rasulov Nodir Madrahimovich

    (Tashkent State University of Economic, Tashkent, Uzbekistan)

  • Amonboev Mahammadsidik

    (University of Las Palmas de Gran Canaria, Calle Juan de Quesada, Las Palmas, Spain)

Abstract

This paper discusses the concept of corporate governance and its application as well as its development in the case of Uzbekistan. The paper briefly focuses on the history of the corporate governance and provides different approaches, which were used to explain the underlying concept of corporate governance. This review of main definitions is followed by necessary regulations adopted for improving the practice of corporate governance in Uzbekistan. The paper also mentions important steps taken in order to develop corporate government principles. Moreover, the legislation of corporate governance is also thoroughly discussed through the paper. Finally, the paper discusses the application of corporate governance principles of developed countries including Germany, USA and UK.

Suggested Citation

  • Rasulov Nodir Madrahimovich & Amonboev Mahammadsidik, 2016. "Corporate Governance and Development: The Case of Uzbekistan," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 1(6), pages 31-36, September.
    • Handle: RePEc:mgs:jibrme:v:1:y:2016:i:6:p:31-36
    DOI: 10.18775/jibrm.1849-8558.2015.16.3005
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    References listed on IDEAS

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    1. Manuela Troschke & Andreas Zeitler, 2006. "Privatisation and Corporate Governance in Kazakhstan and Uzbekistan : Insights from a Corporate Survey in Food and Light Industries," Working Papers 259, Leibniz Institut für Ost- und Südosteuropaforschung (Institute for East and Southeast European Studies).
    2. Marco Becht & Colin Mayer, 2002. "Corporate control in Europe," Revue d'économie politique, Dalloz, vol. 112(4), pages 471-498.
    3. Stijn Claessens, 2006. "Corporate Governance and Development," The World Bank Research Observer, World Bank, vol. 21(1), pages 91-122.
    4. Core, John E. & Holthausen, Robert W. & Larcker, David F., 1999. "Corporate governance, chief executive officer compensation, and firm performance," Journal of Financial Economics, Elsevier, vol. 51(3), pages 371-406, March.
    5. Barca, Fabrizio & Becht, Marco (ed.), 2001. "The Control of Corporate Europe," OUP Catalogue, Oxford University Press, number 9780199247424.
    6. Sharukh Tara & Sorab Sadri, 2015. "Corporate Governance and Risk Management: An Indian Perspective," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(9), pages 33-39, August.
    7. Marco Becht & Fabrizio Barca, 2001. "The control of corporate Europe," ULB Institutional Repository 2013/13302, ULB -- Universite Libre de Bruxelles.
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    More about this item

    Keywords

    Corporate Governance; Corporate governance principles; Legislation of corporate governance; Uzbekistan;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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