Корпоративное управление в российских компаниях: финансовые факторы смены руководителей
The article examines an efficiency of corporate governance in the leading Russia’s companies. The impact of companies’ poor financial results on CEO replacement is estimated using original empirical data. . To evaluate the effectiveness of corporate governance in the article was conducted an empirical evaluation of the factors changing the company's CEO, according to changes in the financial performance of the company in the previous period. The recommendation for Russia’s companies is not only follow formal requirements of western corporate governance and accountability, but also use corporate governance as a mechanism to improve internal efficiency.