Environment

1 CONCEPTS AND MODELS OF CORPORATE GOVERNANCE: THE CASE OF UKRAINE The success of the various countries smoke often be linked to the type of privatization that was followed to take businesses from state-owned enterprises to fit stock companies to public companies (Djankov S., G. Pohl, 1996), (Carlin W., M. Landesmann, 1997). In general there atomic number 18 three types of privatization process: the scratch line one is a throne privatization model, state-owned assets being distributed free of charge to the general public with vouchers that can be traded for ownership shares in state-owned firms (Earle J., A. Telegdy, 1998). This model is sometimes referred to as the voucher privatization method and was used in the Czechoslovakian Republic and Russia (Barberis N., M. Boycko, A. Shieifer, N. Tsukanova, 1996). The second model allowed management and employees buying connection assets. This method was the method adopted in Poland. The third model, and arguably the one which produced the most successful result, involved selling bulk control to an outside investor (La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny, 2000). This third model was followed in Hungary and overly in Estonia.

As Christine Mallin (2004) suggests that the method of privatization has tended to have more of an prompt impact on the development of bodily governance than the well-grounded framework in these countries. From this perspective, Ukraine is a unique country to research. all(prenominal) three methods of privatization were used in Ukraine step by step. The first was the method which allowed management and employees to buy company shares (1992-1995). The second was the voucher privatization (1995-1999). The third method was that of selling shares to outside investors (1999-recently). Let us consider how corporate governance changed during each method of privatization. Privatization methods and corporate governance concepts Corporate governance practices in Ukraine underwent many changes during the... If you postulate to get a full essay, order it on our website: Ordercustompaper.com

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