CORPORATE GOVERNANCE IN RUSSIAN STATE-OWNED ENTERPRISES: REAL OR SURREAL?

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dc.contributor.authorNurgozhayeva, Roza
dc.date.accessioned2023-02-09T08:56:28Z
dc.date.available2023-02-09T08:56:28Z
dc.date.issued2022
dc.description.abstractThe narrative that defines privatisation, corporatisation, and the separation of ownership and regulatory functions as the key prerequisites for a successful state-owned enterprises’ (SOE) governance structure represents the literature's leading approach. This approach has been embedded in national laws and policies across many countries. Nonetheless, some legal scholars have scrutinised and questioned this single-minded perspective, emphasising the impact of existing institutional conditions and calling for an alternative understanding of corporate governance dynamics in different SOEs. Notwithstanding a vigorous debate on SOEs, it almost exclusively focuses on China, while Russia, being another large state-driven economy, has been missing. This article fills this gap and offers a comparative and critical perspective on the state ownership system in Russia. The analysis of Russian SOEs reveals classic governance and incentive problems attributable to state ownership. However, the question is how despite close affiliation to the State and high transaction costs caused by state interference, Russian SOEs have gained a substantial international market presence. This article answers this paradox.en_US
dc.identifier.citationNurgozhayeva, R. (2022). Corporate Governance In Russian State-Owned Enterprises: Real Or Surreal? Asian Journal of Comparative Law, 17(1), 24–50. https://doi.org/10.1017/asjcl.2022.3en_US
dc.identifier.urihttp://nur.nu.edu.kz/handle/123456789/6947
dc.language.isoenen_US
dc.publisherAsian Journal of Comparative Lawen_US
dc.rightsAttribution-NonCommercial-ShareAlike 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/3.0/us/*
dc.subjectType of access: Open Accessen_US
dc.subjectRussian State-Owned Enterprisesen_US
dc.subjectCorporate Governanceen_US
dc.titleCORPORATE GOVERNANCE IN RUSSIAN STATE-OWNED ENTERPRISES: REAL OR SURREAL?en_US
dc.typeArticleen_US
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