IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-0-387-84831-0_1.html
   My bibliography  Save this book chapter

Corporate Governance in Transition Economies

In: Corporate Governance in Transition Economies

Author

Listed:
  • Robert W. McGee

    (Florida International University)

Abstract

Corporate governance issues are especially important in transition economies, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. Before the fall of the Berlin Wall and the collapse of the Soviet Union, there was no need to discuss corporate governance issues because all enterprises were owned by the state and there were no shareholders. All that has changed since 1989. This chapter discusses how transition economies are dealing with corporate governance issues and the extra obstacles they have to overcome due to a lack of established financial institution infrastructure. Corporate governance has become an important topic in transition economies in recent years. Directors, owners and corporate managers have started to realize that there are benefits that can accrue from having a good corporate governance structure. Good corporate governance helps to increase share price and makes it easier to obtain capital. International investors are hesitant to lend money or buy shares in a corporation that does not subscribe to good corporate governance principles. Transparency, independent directors and a separate audit committee are especially important. Some international investors will not seriously consider investing in a company that does not have these things.

Suggested Citation

  • Robert W. McGee, 2008. "Corporate Governance in Transition Economies," Springer Books, in: Robert W. McGee (ed.), Corporate Governance in Transition Economies, chapter 1, pages 3-20, Springer.
    • Handle: RePEc:spr:sprchp:978-0-387-84831-0_1
    DOI: 10.1007/978-0-387-84831-0_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ahnaf Ali Alsmady, 2018. "Ownership Structure and its Endogeneity Effect on the Quality of Financial Reporting," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(3), pages 509-526, March.
    2. Florin Alexandru Roman & Monica Violeta Achim & Robert W. McGee, 2023. "Fraud related to EU funds. The case of Romania," Journal of Financial Studies, Institute of Financial Studies, vol. 14(8), pages 120-142, May.
    3. Iuliana Oana MIHAI & Riana Iren RADU & Violeta ISAI, 2017. "Corporate Governance and Related Parties Transactions - Evidence from Romanian Listed Companies," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 124-134.
    4. repec:fst:rfsisf:v:8:y:2023:i:14:p:120-142 is not listed on IDEAS
    5. Sergey Solntsev, 2013. "Senior management labor market: from economic growth to crisis. The case of Russia," HSE Working papers WP BRP 10/MAN/2013, National Research University Higher School of Economics.
    6. Bryan K. Church & Narisa Tianjing Dai & Xi (Jason) Kuang & Xuejiao Liu, 2020. "The Role of Auditor Narcissism in Auditor–Client Negotiations: Evidence from China," Contemporary Accounting Research, John Wiley & Sons, vol. 37(3), pages 1756-1787, September.
    7. Muravyev, Alexander, 2017. "Boards of directors in Russian publicly traded companies in 1998–2014: Structure, dynamics and performance effects," Economic Systems, Elsevier, vol. 41(1), pages 5-25.
    8. Iuliana Oana MIHAI, 2013. "The Influence of Corporate Governance and Ownership Concentration on Company Performance - Evidence from Bucharest Stock Exchange," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 79-88.
    9. Marco Wölfle, 2009. "Information-based trade in Russia and the effects of listing abroad," Economic Change and Restructuring, Springer, vol. 42(4), pages 229-262, November.
    10. Grosu Maria, 2011. "Codes And Practices Of Implementation Of Corporate Governance In Romania And Results Reporting," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 251-256, December.
    11. Dolgopyatova, Tatiana & Libman, Alexander & Yakovlev, Andrei, 2018. "Unintended Benefits of Empowering Boards in Conglomerates: A Case Study of AFK Sistema," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 23(2), pages 177-202.
    12. Iuliana Oana MIHAI & Riana Iren RADU, 2015. "Accounting Treatment for Separate and Consolidated Financial Statements," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 140-145.
    13. Christopher P.P. Shafuda & Rainer Lenz & Matthew Mirecki, 2020. "Corporate Governance of SOEs and Compliance With the SOE Governance Act in Namibia: A Survey," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(4), pages 219249-2192, December.
    14. Nurlan Nurseiit, 2017. "The Consequences of the Choice of an Economic Model for the Development of CIS Countries," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(2), pages 110-140.
    15. Ancuta Alina Gheorghe & Moisescu Florentina, 2017. "Study Regarding The Financial Reporting Of Intangible Assets. Case Of Romanian Pharmaceutical Industry," Management Strategies Journal, Constantin Brancoveanu University, vol. 35(1), pages 163-172.
    16. Apostolov, Mico, 2010. "Governance and Enterprise Restructuring in Southeast Europe," MPRA Paper 27634, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-0-387-84831-0_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.