Rosyjski rynek kontroli korporacyjnej – ewolucja i rola w systemie nadzoru korporacyjnego
RUSSIAN MARKET OF CORPORATE CONTROL: THE EVOLUTION AND ROLE IN CORPORATE GOVERNANCE SYSTEM

Summary/Abstract: The main goal of the paper is to analyse the evolution of the market of corporate control in Russia. Thekey features of this mechanism of governance are described, as well as the main stages of its development andthe influence of the market of corporate control on the changes in Russian companies. The paper also containsan analysis of the role of corporate control market in a corporate governance system and its relationships withother mechanisms of corporate governance, like the ownership structure, the capital market, and the bankruptcymechanism. The results show that the main event in the Russian economy which influenced the marketof mergers and acquisitions was the financial crisis of 1998. The paper constitutes part of a wider researchproject which focuses on the evolution of the corporate governance system in Russia.

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