СтаттяЗовнішня публікація1 січня 2011 р.

Corporate governance in banking sector in transition economy: The role of ownership structures

Alexander KostyukORCID

Анотація

The article explores the structure of corporate ownership in banking sector in Ukraine during an after-privatization period of time from 1998 to 2003. It was concluded that the share of insiders1 in the structure of corporate ownership in banking sector in Ukraine remarkably increased. The share of outsiders almost did not change. Thus, privatization has led to transferring the corporate ownership from the State to insiders. Development of the process of concentration of corporate ownership structure in banks in Ukraine is controlled by two groups of investors. These are management (executives) of the banks and institutional investors. Major objective of purchasing shares by management is obtaining a total control over the compensation policy. Role of minority shareholders is very weak and there rights are not protected enough to let them participate actively in corporate governance.

Класифікація

Домен

Social Sciences

Галузь

Business, Management and AccountingEconomics, Econometrics and Finance

Підгалузь

AccountingGeneral Economics, Econometrics and FinanceFinance

Тема

Corporate Finance and Governance★Economic Issues in UkraineBanking stability, regulation, efficiency

Ідентифікатори

DOI: 10.5937/sjm1101043k

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