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

被引:0
作者
Avdasheva, S. B. [1 ]
机构
[1] Natl Res Univ, Higher Sch Econ, Moscow, Russia
来源
ZHURNAL NOVAYA EKONOMICHESKAYA ASSOTSIATSIYA-JOURNAL OF THE NEW ECONOMIC ASSOCIATION | 2013年 / 04期
关键词
corporate governance; SOE; procurement; commercial policies;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:159 / 164
页数:6
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