Title: Corporate governance in transition economies: a comparative study of Armenia, Azerbaijan and Georgia

Authors: Robert W. McGee, Sanjoy Bose

Addresses: Center for Accounting, Auditing and Tax Studies, School of Accounting, Florida International University, 3000 NE 151st Street, ACII-124, North Miami, FL 33181, USA. ' New York Institute of Technology, Abu Dhabi Campus, CERT Technology Park, Muroor Road, Abu Dhabi, UAE

Abstract: Corporate governance has become an increasingly important issue in recent years, both as a result of corporate scandals and because more than 20 transition economies in the former Soviet Union, Eastern and Central Europe are in the process of converting their economies from a central planning model to a market model. The present study uses the data from the World Bank ROSC studies on Armenia, Azerbaijan and Georgia and assigns points based on the extent of compliance with the OECD|s Principles and compares the relative scores using a five-point Likert Scale.

Keywords: corporate governance; transition economies; Armenia; Azerbaijan; Georgia; ROSC; World Bank Reports on the Observance of Standards and Codes; emerging economies.

DOI: 10.1504/IJEPEE.2009.030575

International Journal of Economic Policy in Emerging Economies, 2009 Vol.2 No.3, pp.228 - 240

Published online: 24 Dec 2009 *

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