Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


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Language: 
Russian
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Article type: 
Article
UDC: 
334.754

The Influence of Corporate Governance on Increase of Transparency of Business

Autors: 
Zubrilin Ilya Nikolaevich, Stolypin Volga Region Institute of Administration of the Russian Presidential Academy of National Economy and Public Administration
Abstract: 

Over the past few years, corporate governance in Russia is now quite common because of the possibility of obtaining a variety of positive effects. To assess the transparency of domestic companies study was conducted, the results of which are presented in this paper to understand the current level of information transparency of Russian corporations and its dynamics from 2004 to the present. Methods. The dynamics of change and the current level of transparency of business on the example of 85 companies on nine key indicators of information on the following clusters: materials for the general meeting of shareholders, financial reporting standards RAS and IFRS, capital structure, the data is on the Board of Directors and management, corporate governance, fairness Information for Russian and foreign investors. Conclusions. Implementation of good practices of corporate governance enhances transparency of internal processes in the organization, which facilitates assessment of the prospects of the company and its investors is the basis for attracting investment funds (with a positive state of affairs.

Reference: 
  1. Peremeny v myshlenii. Korporativnoe upravlenie i perspektivy vzaimnyh investicij Rossii i SShA [Changes in thinking. Corporate management and prospects of mutual investments of Russia and USA]. Moscow, 2007. 96 p.
  2. Issledovanie praktiki korporativnogo upravlenija v Rossii: sravnitel’nyj analiz po itogam 2004–2008 gg. [Research of practice of corporate governance in Russia: the comparative analysis following the results of 2004–2008. The Russian Institute of Directors (RID)]. Moscow, 2009. 76 p.
Received: 
11.07.2013
Accepted: 
22.08.2013