transition countries: Russia, Ukraine and Kyrgyzstan. In contrast to most empirical papers on corporate governance, we study …In this paper we analyze interrelations between ownership structures, corporate governance and investment in three … blockholder’ share is associated with worsening corporate governance. We find a similar effect in Ukraine, but only for managerial …

This paper analyzes the relationship between investment behavior of firms and ownership and corporate governance … firms and its effect on investment behavior via the presence of private benefits of control, financial and soft budget … constraints. We find a negative impact of government ownership on investment and evidence for soft budget constraints. Foreign …

. Overall, our analysis suggests that corporate governance in Ukraine operates with a certain degree of efficiency, despite the …

. Overall, our analysis suggests that corporate governance in Ukraine operates with a certain degree of efficiency, despite the …

privatization: the Czech voucher scheme and the Polish program of National Investment Funds. Despite important differences in …

This paper addresses the question of financial constraints in Ukrainian agriculture in transition. The main objective … is to reveal the evidence of the both phenomena, soft budget constraints and credit rationing, investigating investment … behaviour of large farms in Ukraine. Our empirical analysis is based on unbalanced panel data containing 529 agricultural …

This study is based on the premise that mostly large enterprises require investment banking services, due to their … the type of ownership structures and the quality of governance are correlated with the demand for specific investment …, making reference to an extended definition of investment banking activity. The empirical analysis performed on a sample of …