Large and medium companies have failed to acquire legitimacy and respectability within the vast strata of the society in Russia. This resulting crisis of confidence may have serious consequences, including increasing intervention by the state. The study, which is based on the survey of 129 firms...

The paper evaluates the feasibility of employing mainstream models of corporate governance in the context of transition economies, using Russia as an example. The issue of corporate governance is considered as an element of an institutional crisis characteristic of post-communist countries. It...