Template-Type: ReDIF-Paper 1.0
Author-Name: Apevalova Elena 
Author-Name-First: Elena
Author-Name-Last: Apevalova
Author-Workplace-Name: RANEPA
Author-Name: Polezhaeva Natalia 
Author-Name-First: Natalia
Author-Name-Last: Polezhaeva
Author-Workplace-Name: RANEPA
Title: Corporate governance during the coronavirus crisis: a course towards diversification of interests and its slowdown in implementation of its principles
Abstract: In April 2020, more than half of the world population lived in countries where strict restrictions on movement were being imposed, disrupting people’s lives, business activity and international mobility. These containment measures resulted in a sharp decline in total consumption and in a shrinking of trade. The global economy lost 4.3%, which is 6 times the scale of the global recession of 2008—2009.2 Global foreign direct investment (FDI), which is considered to be a catalyst for economic development and corporate governance improvement, fell by 42% in 20203 relative to 2019. The decline was experienced in the main by developed countries, where these particular investment flows plummeted by 69% (in Europe, the decline amounted to 101%; in the USA, to 49%). In transition economies, FDI declined by 77%. In the developing countries, FDI lost about 12% on average.
Classification-JEL: M15, M16, O31, I18, I19
Keywords: Russian economy, corporate governance
Creation-Date: 2022
Revision-Date: 2022
Length: 12 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1222.pdf
File-Format: application/pdf
File-Function: Revised Version, 2022
Handle: RePEc:gai:ppaper:ppaper-2022-1222