title: Russian Listed Companies: Controlling Shareholders and Their Conduct
metadata.name: dc.contributor.author
metadata.value: Belikov, Igor V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Dementieva, Alla G.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-02-20T12:18:03Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-02-20T12:18:03Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Belikov I., Dementieva A. 2019. Russian listed companies: Controlling shareholders and their conduct. Russian Management Journal 17 (4): 427–444.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/spbu18.2019.401
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/17105
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The high concentration of ownership has remained the key feature of Russian companies, including
  publicly traded companies. Even at the peak of the romance with Western portfolio investors,
  the controlling shareholders of Russian listed companies put the full control at the top of their
  priorities. In the 2000s, the Russian listed companies’ controlling shareholders sought gradual
  accommodation with minority shareholders and a gradual acceptance of Western corporate
  governance practices and thus espoused market capitalization as an important strategic goal.
  This was reversed in the 2010s as the rapidly tightening grip of the state on private business
  and mounting restrictions on Western investment in the Russian economy took hold. It has
  also reduced a market demand for Western best corporate governance practices on the part of
  Russian controlling shareholders. After 2014, most controlling shareholders of Russian listed
  companies have switched to the strategy of acting as junior partners of the state. This switch
  has largely diminished their market orientation and the demand for Western-style corporate
  governance. The future of the large Russian listed companies fully depends on the relations of
  their majority owners with the Russian state and thus remains uncertain.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 17; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: listed companies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: ownership structure
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: state
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: controlling shareholders
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: IPO
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: monetization of property rights
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate governance
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Russian Listed Companies: Controlling Shareholders and Their Conduct
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 427-444.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/17105/1/427-444.pdf
resources.format: Adobe PDF
resources.size: 223,73 kB