Organization and Development of Russian Business A Firm-Level Analysis 3 docx

... many Russian companies, a small number of shareholders own a significant amount of the total shares, which means that, for the top management and major shareholders of Russian stock com- panies, ... 9780 230 _217287_05_cha 03. dd 62 5/14/2009 3: 44:48 PM 60 Organization and Development of Russian Business Dolgopyatova, T. (2007) Corporate ownership and contro...

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... data. 9780 230 _217287_11_cha09. dd 2 23 5/14/2009 11:06:15 AM 220 Organization and Development of Russian Business experience of an empirical analysis of Russian companies’ performance (Avdasheva et al. ... Federation in 2007–2008). I am grateful to Naohito Abe, Tatiana Dolgopyatova, Victoria Golikova, Satoshi Mizobata, Heiko Pleines, Fumikazu Sugiura, and Andrei Ya...

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... Federation in 2007–2008). I am grateful to Naohito Abe, Tatiana Dolgopyatova, Victoria Golikova, Satoshi Mizobata, Heiko Pleines, Fumikazu Sugiura, and Andrei Yakovlev as well as participants of ... PM 220 Organization and Development of Russian Business experience of an empirical analysis of Russian companies’ performance (Avdasheva et al. 2007). A positive resp...

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... adopted or enacted in 1992 onward are laws of the Russian Federation. b A: Market and trade liberalization, B: Privatization and bankruptcy measures, C: Organization and corporate governance reform, ... environment of Russian business. In addition, multiple membership significantly increases the chances to obtain financial and organizational support from the state an...

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... as privatized and reorganized ones. A very high level of concentration was also characteristic of large public companies. According to a survey by Standard & Poor’s of 80 Russian com- panies ... demonstrated a significant More than 50% of shares + absence of a counterbalance 48% Less than 25% of shares 13% From 25% to 50% of shares 18% More than 50% of shar...

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... & Shastri, K. (19 93) Changes in organizational structure and share- holder wealth: The case of limited partnership, Journal of Financial and Quantitative Analysis, 28: 5 53 564. Dolgopyatova, ... EBRD). Fama, E. F. & Jensen, M. C. (198 3a) Separation and ownership and control, Journal of Law and Economics, 26: 30 1 32 6. Fama, E. F. & Jensen, M. C. (1983b) Agen...

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... (2007b). 9780 230 _217287_07_cha05. dd 125 5/14/2009 3: 47:54 PM 144 Organization and Development of Russian Business At any rate, the presence of an empirical relationship between dividend payment and managerial ... PM 132 Organization and Development of Russian Business The rationale for the above hypotheses is that dominant shareholders with sufficient infor...

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... & Kai-Cheng, Y. (1997) The impact of national culture and economic ideology on managerial work values: A study of the United States, Russia, Japan, and China, Journal of International Business ... change the organizational structure, develop a new business model, form a new appro- priate management team, and start modernization. As far as the correlation with the...

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... members, and discrimination against rank -and- file participants were typical of leaders of newly established unions and asso- ciations (Golikova et al. 20 03) . For these reasons, many of the institutions ... project finance. 10 9780 230 _217287_12_cha10. dd 2 43 5/14/2009 4: 23: 34 PM 256 Organization and Development of Russian Business Central Bank of Russian F...

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... colleagues Tatiana Dolgopyatova, Larisa Gorbatova, Ichiro Iwasaki and Anna Lukyanova, as well as Lev Freinkman, Daniel Treisman, and other participants in the HSE-NES conference “Frontiers of ... launched IPOs of large state-owned companies in order to increase their capitalization and to obtain financial market appraisals of their perform- ance. As a result, two leading Ru...

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