What’s Different about Corporate Governance in Korea and Eurasia?

I examine the features of corporate governance variables focusing on emerging market countries such as Korea, Russia, Poland, the Czech Republic. For the goal of the paper, I review the firm value by corporate governance in this region and find some facts about corporate governance in Korea, Russia and Eurasian firms including European companies. Russia and Eurasian firms have defensive systems for control stability of the country business groups and no restrictions related to holding company and pyramid investment with general cross-shareholding. However, Eurasian firms are getting better on the principles for the corporate governance structure and the strengthening of shareholder rights. We can find recent ownership decentralization of the new company and the weakening of the business group links. Also, I mention the evidence that there is time varying effect of corporate structure on firm value in emerging market. To the extent that corporate governance affects firm level performance, this study supports the view of a relationship between corporate governance and firm value in Korea and Eurasia.