Conclusions

Abstract

In this book, we reported our main research findings from the Japan-Russia joint research project entitled “Corporate Governance and Integration Processes in the Russian Economy” conducted from 2004 to 2008. Using a unique dataset of Russian joint-stock companies, we investigated the structure of governance mechanisms and their impacts on corporate governance and managerial behavior in Part I of this volume. In Part II, we empirically examined the relationship between Russian business groups and their affiliate companies. In Part III, we focused on the role of the banking sector, business associations, and the state in the corporate governance of Russian nonfinancial corporations. In this sense, this book is an attempt to provide readers with a comprehensive view of the Russian contemporary business sector. In this concluding chapter, we evaluate the research achievements in this book and discuss the further research agenda.