+44 (0)1509 263171
Please use this identifier to cite or link to this item:
|Title: ||State control and corporate governance in transition economies: 25 years on from 1989|
|Authors: ||Grosman, Anna|
|Keywords: ||Corporate governance|
|Issue Date: ||2015|
|Publisher: ||© John Wiley & Sons|
|Citation: ||GROSMAN, A., OKHMATOVSKIY, I. and WRIGHT, M., 2015. State control and corporate governance in transition economies: 25 years on from 1989. Corporate Governance, 24 (3), pp. 200-221.|
|Abstract: ||Manuscript type: Review
Research Question/ Issue: Which forms of state control over corporations have emerged in countries that made a transition from centrally-planned to marked-based economies and what are their implications for corporate governance? We assess the literature on variation and evolution of state control in transition economies focusing on corporate governance of statecontrolled firms. We highlight emerging trends and identify future research avenues.
Research Findings/ Insights: Based on our analysis of more than a hundred articles in
leading management, finance and economics journals since 1989, we demonstrate how
research on state control evolved from a polarized approach of public – private equity
ownership comparison to studying a variety of constellations of state capitalism.
Theoretical/ Academic Implications: We identify theoretical perspectives that help us better understand benefits and costs associated with various forms of state control over firms. We encourage future studies to examine how context-specific factors determine the effect of state
control on corporate governance.
Practitioner/ Policy Implications: Investors and policy-makers should consider under which
conditions investing in state-affiliated firms generates superior returns.|
|Description: ||This is the pre-peer reviewed version of the following article: GROSMAN, A., OKHMATOVSKIY, I. and WRIGHT, M., 2015. State control and corporate governance in transition economies: 25 years on from 1989. Corporate Governance, 24 (3), pp. 200-221, which has been published in final form at http://dx.doi.org/10.1111/corg.12145. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.|
|Version: ||Accepted for publication|
|Publisher Link: ||http://dx.doi.org/10.1111/corg.12145|
|Appears in Collections:||Published Articles (Loughborough University London)|
Files associated with this item:
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.