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Impact of Regulatory Constraints on Corporate Governance in the Contemporary Russian SOE

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  • Avdasheva, S.

    (National Research University Higher School of Economics, Moscow, Russia)

Abstract

Best practices of corporate governance in SOE as they are recognized globally can reveal to be less effective in modern Russia, since under expanding regulatory constraints the latter provide higher impact on companies' performance and the benefits of ultimate owners, in contrast with the decreasing influence of managerial efforts. The article considers two examples of regulatory requirements important for most part of Russian SOE. They are codification of procurement rules and commercial (or 'trade') policies, prescribing codified rules of supplying contracts.

Suggested Citation

  • Avdasheva, S., 2013. "Impact of Regulatory Constraints on Corporate Governance in the Contemporary Russian SOE," Journal of the New Economic Association, New Economic Association, vol. 20(4), pages 159-164.
    • Handle: RePEc:nea:journl:y:2013:i:20:p:159-164
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    File URL: http://www.econorus.org/repec/journl/2013-20-159-164r.pdf
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    References listed on IDEAS

    as
    1. S. Avdasheva & Yu. Simachev., 2009. "State Corporations: Can We Assess Corporate Governance?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    2. Fahlenbrach, Rüdiger & Stulz, René M., 2011. "Bank CEO incentives and the credit crisis," Journal of Financial Economics, Elsevier, vol. 99(1), pages 11-26, January.
    3. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    4. Avdasheva, Svetlana & Kurdin, Alexander, 2013. "Trade policy objectives of private companies as a tool for regulation and competition: world experience and attempt to forecast," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 106-126, October.
    5. Venkiteswaran N, 2000. "Corporate Governance for Shareholder Value," IIMA Working Papers WP2000-07-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    6. Venkiteswaran N, 1997. "Ethics, Values and Corporate Governance," IIMA Working Papers WP1997-08-01_01459, Indian Institute of Management Ahmedabad, Research and Publication Department.
    7. Helland, Eric & Sykuta, Michael, 2004. "Regulation and the Evolution of Corporate Boards: Monitoring, Advising, or Window Dressing?," Journal of Law and Economics, University of Chicago Press, vol. 47(1), pages 167-193, April.
    8. Shastitko, Andrei, 2012. "Antitrust in Russia: to Be or not to Be?," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 50-69, June.
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    Cited by:

    1. Avdasheva, S., 2017. "Theory of Competition for Economic Policy," Journal of the New Economic Association, New Economic Association, vol. 35(3), pages 170-176.

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    More about this item

    Keywords

    corporate governance; SOE; procurement; commercial policies;
    All these keywords.

    JEL classification:

    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations

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