Russian corporate governance conceptions: evolution аnd comparative analysis
https://doi.org/10.55959/MSU0130-0105-6-59-1-1
Abstract
The majority of numerous publications on corporate governance in modern Russia examine the development of corporate governance model over the last thirty years and its various aspects. However, there are practically no studies with an overview of Russian research on these issues, on the development of thought in this area, on the formation, changes, and analysis of ideology and culture of corporate governance, and its dialectics. The article presents the author’s view on periodization of such studies in contemporary Russia which doesn’t fully correspond to the history of corporate governance practice in Russia itself, but goes in parallel to it. Thus, three research periods are suggested and analyzed — classical, empirical or analytical, and contingency as well as five stages of corporate governance development since 1992 till the present time. Based on the comparative analysis and generalization of the accumulated empirical material over these years, the paper identifies the major features and problematic issues of each research stage. Changes in the focus, content and culture of corporate governance itself and its studies are the most vital result of more than 30 years history of contemporary Russian business development. It becomes evident if we compare problems of corporate governance in each of the previous decades — from the overview of corporate governance system, its mechanisms and formation of its institutional basis to an in-depth understanding of the tasks to increase its effectiveness in the new reality; from mostly theoretical and conceptual studies to more analytical and practice oriented. This paper is the first step in further comprehensive study on the evolution of management thought in this area.
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For citations:
Kuzin D.V. Russian corporate governance conceptions: evolution аnd comparative analysis. Moscow University Economics Bulletin. 2024;(1):3-28. (In Russ.) https://doi.org/10.55959/MSU0130-0105-6-59-1-1
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