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on Confederation of Independent States |
| By: | Iwasaki, Ichiro |
| Abstract: | With a unique dataset of joint-stock companies, this paper aims to thoroughly describe the corporate audit structure in transition Russia and empirically analyze its determinants. When compared to the international standard, Russian firms have a weak audit structure in terms of the independence and expertise of the board of auditors and the accounting auditor. We found that board composition, affiliation with a business group, and presence of foreign investors are the most important factors determining the audit structure of Russian firms. The scope of the impact of these three factors, however, differed considerably with each other. We also found that government ownership, company size, fund procurement activities, and overseas advancement also have statistically significant impacts on the corporate audit structure in Russia. |
| Keywords: | audit structure, board composition, business integration, foreign investment, economic transition, Russia |
| JEL: | G34 K22 L22 M42 P31 P34 |
| Date: | 2010–09 |
| URL: | http://d.repec.org/n?u=RePEc:hit:rrcwps:27&r=cis |
| By: | Gloria O. Pasadilla |
| Abstract: | This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey data from the World Bank and the European Bank for Reconstruction and Development’s Business Environment and Enterprise Performance Surveys to infer noteworthy characteristics, features, and dependencies on financing of Central Asian SMEs and, consequently, derive the potential impact of the crisis on the sector. The paper also assesses government support for SMEs and the necessary market reforms that will give a boost to the sector’s development in the region. [ADBI Working Paper 187] |
| Keywords: | Central Asian, medium-sized enterprises (SME), Russian, Environment, Enterprise Performance Surveys |
| Date: | 2010 |
| URL: | http://d.repec.org/n?u=RePEc:ess:wpaper:id:3023&r=cis |