Corporate finance in transition economies

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Project objective

The objectives of my research activities will be two-fold; firstly, to understand the patterns of corporate finance in transit economies, with focus on Russia; and secondly to draw policy conclusions for EU authorities concerning foreign investment and the set-up of a well-functioning financial system. The following steps are proposed: 1. To examine the extent to which internal and external finance is used by firms within transition economies. Contrasting with industrialised EU-countries and development in transition economies over time 2. To examine the usage of different forms of external finance Developing an integrative model for the choice of external finance ('control-oriented' versus 'arms-length' and for t categories 'debt' versus 'equity') and testing it empirically 3. To examine the institutional choices involved Examining (empirically and theoretically) mainly the role of investment funds and foreign investors from EU-countries corporate governance 4. To derive policy measures to influence the patterns of corporate finance of transition economies for authorities in the (regulation and support of foreign investment) and in transition economies.

Original text from CORDIS.

Participants

• LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE · LONDONCoordinatorUnited Kingdom
• Not availableCity levelGermany

Links

• View on CORDIS