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Corporate governance in transition economies : the theory and its policy implications (English)

This is the third chapter of the book, "Corporate Governance in Transitional Economies: Insider Control and the Role of Banks" (report no. 14112). The central question addressed is what kind of corporate governance institutions are best suited for the transition economies. This chapter briefly summarizes the present situation in Russia and the four Visegrad countries -the Czech Republic, Hungary, Poland, and Slovakia. While there are important differences in degree and in nature, the basic problem of insider control pervades most of the region. This problem, at the heart of an active recent literature on corporate governance, is discussed in the chapter's third section. The fourth section uses the basic conceptual framework to draw a number of lessons for policymakers. The analysis that strongly suggests that commercial banks will come to play an important role in corporate governance in transition economies is regarded as troubling, given the banking sector's present state. The final section looks at what can be expected from banks in transition economies and discusses what has been and what can be done to improve how they function.

Details

  • Author

    Berglof,Erik

  • Document Date

    1994/01/01

  • Document Type

    Working Paper

  • Report Number

    16284

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Poland,

    Russian Federation,

    Hungary,

    Czech Republic,

    Slovak Republic,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2016/04/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Corporate governance in transition economies : the theory and its policy implications

  • Keywords

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Citation

Berglof,Erik

Corporate governance in transition economies : the theory and its policy implications (English). EDI Working Papers : studies and training design division,no. 94-45 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/657801468115159712/Corporate-governance-in-transition-economies-the-theory-and-its-policy-implications