Market Liquidity and Ambiguity: The Certification Role of Corporate Governance

2014 ◽  
Vol 49 (4) ◽  
pp. 643-668 ◽  
Author(s):  
Christine X. Jiang ◽  
Jang-Chul Kim ◽  
Emre Kuvvet
2004 ◽  
pp. 129-140 ◽  
Author(s):  
M. Tretyakov

The article focuses on the analysis of the process of convergence of outsider and insider models of corporate governance. Chief characteristics of basic and intermediate systems of corporate governance as well as the changing role of its main agents are under examination. Globalization of financial and commodity markets, convergence of legal systems, an open exchange of ideas and information are the driving forces of the convergence of basic systems of corporate governance. However the convergence does not imply the unification of institutional environment and national institutions of corporate governance.


2007 ◽  
pp. 4-26 ◽  
Author(s):  
M. Ershov

Growing involvement of Russian economy in international economic sphere increases the role of external risks. Financial problems which the developed countries are encountered with today result in volatility of Russian stock market, liquidity problems for banks, unstable prices. These factors in total may put longer-term prospects of economic growth in jeopardy. Monetary, foreign exchange and stock market mechanisms become the centerpiece of economic policy approaches which should provide for stable development in the shaky environment.


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