Anna Grosman
Assistant Professor in Corporate Finance, Economics, Finance and Entrepreneurship Group, Aston Business School
Supervisors: Leiponen, Aija, Wright, Mike, and Driver, Ciaran
Supervisors: Leiponen, Aija, Wright, Mike, and Driver, Ciaran
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Papers by Anna Grosman
Research Question/ Issue: Which forms of state control over corporations have emerged in countries that made a transition from centrally-planned to marked-based economies and what are their implications for corporate governance? We assess the literature on variation and evolution of state control in transition economies focusing on corporate governance of state-controlled firms. We highlight emerging trends and identify future research avenues.
Research Findings/ Insights: Based on our analysis of more than a hundred articles in leading management, finance and economics journals since 1989, we demonstrate how research on state control evolved from a polarized approach of public – private equity ownership comparison to studying a variety of constellations of state capitalism.
Theoretical/ Academic Implications: We identify theoretical perspectives that help us better understand benefits and costs associated with various forms of state control over firms. We encourage future studies to examine how context-specific factors determine the effect of state control on corporate governance.
Practitioner/ Policy Implications: Investors and policy-makers should consider under which conditions investing in state-affiliated firms generates superior returns.
Keywords: Corporate Governance; Transition Economies; State Capitalism; SOEs; Review; China; Russia
Keywords: Corporate governance; Investment; Financing constraints; ownership; Russia
Research Question/ Issue: Which forms of state control over corporations have emerged in countries that made a transition from centrally-planned to marked-based economies and what are their implications for corporate governance? We assess the literature on variation and evolution of state control in transition economies focusing on corporate governance of state-controlled firms. We highlight emerging trends and identify future research avenues.
Research Findings/ Insights: Based on our analysis of more than a hundred articles in leading management, finance and economics journals since 1989, we demonstrate how research on state control evolved from a polarized approach of public – private equity ownership comparison to studying a variety of constellations of state capitalism.
Theoretical/ Academic Implications: We identify theoretical perspectives that help us better understand benefits and costs associated with various forms of state control over firms. We encourage future studies to examine how context-specific factors determine the effect of state control on corporate governance.
Practitioner/ Policy Implications: Investors and policy-makers should consider under which conditions investing in state-affiliated firms generates superior returns.
Keywords: Corporate Governance; Transition Economies; State Capitalism; SOEs; Review; China; Russia
Keywords: Corporate governance; Investment; Financing constraints; ownership; Russia