This book provides a comparative analysis of the emerging corporate control structures in the transition economies. It details characteristics of corporate governance in the two largest transition economies: Russia and Poland. It explores what kind of ownership structures are emerging in these two countries and to what degree they are they path-dependent and conditional on the initial choice of privatisation methods - fast ownership transfer through the mass privatisation programme and loans-for-equity scheme in Russia, and a more 'organic' growth of the new private sector in Poland. It examines the directions of the subsequent, post-privatisation, secondary ownership flows in both countries and the impact of the government on corporations, implied both by the residual shareholding of the state and by its regulatory and administrative actions.

'Overall, this is an impressive collection of work on a topic of growing importance...the book is likely to become a key reference point for researchers in a range of fields.' - John Blenkinsopp, Europe-Asia Studies
 
'...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

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

TOMASZ MAREK MICKIEWICZ co-ordinates the Centre for the Study of Economic and Social Change in Europe and is also a Senior Lecturer at the School of Slavonic and East European Studies, University College London, UK. He is an affiliate of the CASE Institute. He recently authored Economic Transition in Central Europe and the Commonwealth of Independent States.