Corporate governance is a key componenet of reform and a determinant of restructuring. One goal of Russia's privatization program has been to encourage responsible corporate governance. This paper updates...
In the last two years, Russia went through an extraordinary mass privatization program at the end of which over 14,000 medium and large scale enterprises, employing two thirds of the industrial labor force...
In the transition from a command, to a market economy, poorly defined property rights cause two problems: inefficient structures of control rights over assets, and, poor contract enforcement. The note...