This book provides a comparative analysis of the emerging corporate control structures in the transition economies of Russia and Poland. It explores what kind of ownership structures are emerging and examines the directions of secondary ownership flows in both countries, and the impact of the government on corporations.

'...it is a valuable contribution to our understanding of the complex patterns of capitalism that have arisen from the rubble of Soviet-type Communism.' - Robert F. Miller, Slavonic& East European Review

'This edited volume makes good reading for the modern kind of economist interested in issues rather close to business studies. Scholars at really every level of expertise may find it interesting to learn of the particular conditions that exist in transition countries where economies face a complete overhaul of their institutional framework. The book is easily digestible for the non-expert, as the language is clear and accessible. In terms of methodology, the main issue at hand remains clear throughout the book (possibly with the exception of one chapter) and the chapters in the book feature a good mix of instructive and descriptive analysis, state-of-the-art theory, and empirical as well as simple and robust econometric testing of hypotheses.' - Johannes Stephan, Economic Systems

'A BOOK ON CORPORATE GOVERNANCE AND FINANCE IN RUSSIA AND POLAND is unlikely to find a place on the business and management shelves of airport bookstores. Yet perhaps it should, because the consequences of Russian corporate governance practices over the last decade or so have generated more media interest than any business issue since Enron. Names like Abramovich, Gazprom and Yukos have a resonance with a very wide audience indeed. Acknowledging the particular significance of Russia, Mickiewicz makes clear this is the primary subject of the book, with Poland chosen largely for its usefulness as a comparator. Yet if the comparative perspective is in one sense an artifice, the thorough treatment of the subject matter on both countries by Mickiewicz and his contributors rapidly banished the mild indignation felt by this Polskaphile.' - John Blenkinsopp, Europe-Asia Studies

'Overall, this is an impressive collection of work on a topic of growing importance. The huge changes in Russia and Poland have taken place with astonishing speed and although the pace may have slowed it remains fast enough to require regular caveats inserted in the text 'as at 2005...','at the time of writing . . .', and in one case even a postscript updating the story. It might seem that there would be a risk that the book becomes rapidly dated, but in fact it is likely to have a continuing relevance because most chapters incorporate a historical perspective, such that the book is likely to become a key reference point for researchers in a range of fields.' - John Blenkinsopp, Europe-Asia Studies

Autorentext
YUKO ADACHI Lecturer, Department of Russian Studies, Sophia University, Japan MARIA ALUCHNA Assistant Professor, Department of Management Theory, Warsaw School of Economics, Poland WLADIMIR ANDREFF Professor of Economics, University Paris 1 Panthéon Sorbonne, Researcher, Centre d'Economie de la Sorbonne (CNRS) and Vice-President, French Economic Association, France MACIEJ BALTOWSKI Professor, Economic Faculty, Maria Curie University and Head, Institute of Economics, Poland JAN CHADAM CEO and Finance Director, Pro Futuro SA, Poland IGOR FILATOTCHEV Professor of Strategic Management, Kings College, University of London, UK PIOTR MAREK JAWORSKI Lecturer in Economics, Napier University Business School, UK ROSTISLAV KAPELYUSHNIKOV Chief Researcher, Institute of World Economy and International Relations, Russian Academy of Sciences, Russia JENS KÖKE Investment Strategist, Allianz Group, Germany ANDREI KUZNETSOV Reader in International Business Management, Manchester Metropolitan University Business School, UK OLGA KUZNETSOVA Senior Lecturer, Manchester Metropolitan University Business School, UK ROBERT W. MCGEE Professor, Andreas School of Business, Barry University, Miami, USA ILYA OKHMATOVSKIY Doctoral Candidate, Marshall School of Business, University of Southern California, USA ZBIGNIEW PASTUSZAK Assistant Professor and Manager of Management Information Systems Laboratory, Faculty of Economics, Maria Curie University, Poland SLAVO RADOSEVIC Reader, School ofSlavonic and East European Studies, University College London, UK MICHAEL SCHRÖDER Head, International Finance and Financial Management Research Department, Centre for European Economic Research (ZEW), Germany ANNA ZALEWSKA Professor of Finance, School of Management, University of Bath, UK

Inhalt
PART 1: RUSSIA AND POLAND IN COMPARATIVE PERSPECTIVE Corporate Governance in Russia and Poland in Comparative Perspective: An Introduction; T.M.Mickiewicz Corporate Governance in Post-Socialist Economies; W.Andreff PART 2: POLITICAL ECONOMY OF CORPORATE GOVERNANCE Corporate Control, Governance Practice and the State: The Case of Russia's Yukos Oil Company; Y.Adachi Politicians or Administrators? State Corporate Governance in Poland; M.Baltowski & T.M.Mickiewicz PART 3: INSTITUTIONAL OWNERS AND RELATIONAL FINANCE The Rise And Fall Of A Central European Enterprise: The Case Of 'Elektrim'; P.M.Jaworski & S.Radosevic Financial Performance and Knowledge Management in Capital Groups: Privatised versus New Private Businesses; J.Chadam & Z.Pastuszak Sources of Capital and Structures of Influence: Banks in the Russian Corporate Network; I.Okhmatovskiy 'Private Benefits of Control' and Debt Financing; I.Filatotchev & T.M.Mickiewicz PART 4: CONCENTRATED OWNERSHIP AND PERFORMANCE Ownership Structure and Corporate Governance in Russian Firms; A.Kuznetsov, O.Kuznetsova & R.Kapelyushnikov Ownership Concentration and Corporate Performance: Evidence from Poland; M.Aluchna PART 5: STOCK MARKET FINANCE AND CORPORATE GOVERNANCE RULES Home Bias and Stock Market Development: The Polish Experience; A.Zalewska The Contribution of Central and East European Capital Markets to Corporate Finance; J.Köke & M.Schröder A Comparative Study of Corporate Governance in the Czech Republic, Hungary and Poland; R.W.McGee Transparency and Disclosure in Russia; R.W.McGee