Journal of East European Management Studie (JEEMS) is published by IMR Press from Volume 30 Issue 1 (2025). Previous articles were published by another publisher under the CC-BY licence, and they are hosted by IMR Press on imrpress.com as a courtesy and upon agreement.
Corporate Covernance: Does the concept work in transition economies?
, Olga Kuznetsova 11 Manchester Metropolitan University Business School, UK
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Abstract
The paper evaluates the feasibility of employing mainstream models of corporate governance in the context of transition economies, using Russia as an example. The issue of corporate governance is considered as an element of an institutional crisis characteristic of post-communist countries. It is maintained that the stakeholder approach provides the closest fit to the realities of corporate governance in a country like Russia.
Keywords
- Institutional economics
- corporate governance
- transition
- Russia
- post-communism