Organization and Development of Russian Business

Preface INTRODUCTION Emergence of Russian Corporations: from the Soviet Enterprise to a Market Firm PART I: OWNERSHIP, INTERNAL CONTROL, AND MANAGEMENT SYSTEM Stock Ownership and Corporate Control Legal Form of Incorporation Structure of Corporate Boards Impacts of Corporate Governance and Firm Performance on Managerial Turnover Managerial Teams and Firm Restructuring PART II: BUSINESS INTEGRATION AND ITS IMPACT ON CORPORATE GOVERNANCE Organizational Patterns of Corporate Control and Business Integration Corporate Governance and Decision-Making in Business Groups Impact of Business Integration on Corporate Restructuring and Performance PART III: THE ROLE OF EXTERNAL ACTORS IN CORPORATE GOVERNANCE The Banking Sector and Corporate Finance Business Associations: Incentives and Benefits from the Viewpoint Of Corporate Governance State-Business Relationship and Improvement of Corporate Governance CONCLUSIONS Appendix: Outline of the Joint Enterprise Survey

TATIANA G. DOLGOPYATOVA is a chief researcher at the Institute for Industrial and Market Studies and professor of the Faculty of Economics at the State University - Higher School of Economics, Moscow, Russia. She received her PhD in economics (1978) and her Doctor Habilitation in economic sciences (1997) at Lomonosov Moscow State University. She participated in academic and technical assistance projects supported by IBRD, EBRD, OECD, USAID, and TACIS. Her research interests are focused on empirical studies of enterprise behavior, including firm restructuring, ownership and corporate governance, and SME development. She has published more than 170 articles and books in Russia and abroad.

ICHIRO IWASAKI is professor at Hitotsubashi University, Tokyo, Japan. He received his doctoral degree in economics at Hitotsubashi University in 2001. His research interests are focused upon transition economies, comparative economic systems, and financial and organizational economics. He is the author and editor of numerous books and journal articles, including: An Institutional Analysis of Transition Economies in Central Asia, published by the University of Tokyo Press; and Corporate Restructuring and Governance in Transition Economies (co-edited with Bruno Dallago), published by Palgrave Macmillan.

ANDREI A. YAKOVLEV is director of the Institute for Industrial and Market Studies at State University - Higher School of Economics, Moscow, Russia. He received his PhD in Economics and Statistics at Lomonosov Moscow State University in 1992. His research interests are comparative studies in corporate governance, industrial policy, and state-business relations in Russia. He worked as a consultant for the Russian government in the Ministry for Economic Development and Trade and on many policy advisory projects. He is the author of many books and articles, including some published in Europe-Asia Studies, Post-Communist Economies, and other international journals.