This book is designed to scrutinize the Russian business sector in transition with special attention to firm organization, business integration, corporate governance, and company management. Using a unique dataset of Russian joint-stock companies, the authors empirically analyze key issues for understanding the Russian corporate sector.

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