Within the framework of the present research, a theoretical review of the problems of corporate governance was prepared. Consideration was given to certain formulations (definitions, general approaches, etc.), the problems of the interaction between corporate ownership and corporate management,...

The research focuses on the analysis of the emergence of the institution of bankruptcy (insolvency) in Russia. More specifically, it centers on studying the evaluation of its legal base, specific purposes of its use in the national transition economy, motives and objects of application of the...

It will be some time before we can fully appreciate the radical nature of the socio-economic effects produced by the global crisis of the end of the first decade of the twenty first century. However, it is already evident that the two leading market economic systems of the Western world – that...

The article deals with the evolution of approaches in modern economic theory to the problem of “failures of the state”. This approach, which has developed in opposition to concepts of “market failure”, can be seen as a search for a new strategy of political and economic analysis of...

The purpose of the paper is to present the current state of knowledge on both theoretical models and empirical evidence of interrelations between emerging corporate governance mechanisms and ownership structure of privatized enterprises in post-Communist countries. Section 2 contains extensive...

The Forecast Plan (Program) for the Privatization of Federal Property and the Main Guidelines for the Privatization of Federal Property in 2014–2016 were approved by the Russian Government’s Executive Order dated July 1, 2013, No. 1111-r. This is already a second 3-year privatization program...

Russia’s Government has adopted no other privatization programs over the last two years, as it did in the 2000s, since the Forecast Plan (Program) for the Federal Property and the Guidelines of Federal Property Privatization for 2011-2013 was adopted in November 2010. However, it is these...

The results of 2012 clearly pointed to the fact that the classical set of problems specifi c to the Russian privatization – justifi cation of the fair price for assets to be privatized, real motivation of the participants, determination of the criteria of selection of the buyer, ensuring of...

In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size...