
Alexander KostyukVirtus Global Center for Corporate Governance
Alexander Kostyuk
PhD
Editor-in-Chief of Corporate Ownership and Control journal,
Director, Virtus Global Center for Corporate Governance
About
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Introduction
Editor-in-Chief of Corporate Ownership and Control journal (www.virtusinterpress.org).
I have research interests in corporate governance, board of directors, ownership and control.
Reviewer for The Quarterly Journal of Economics, The Review of Financial Studies, Journal of Organizational Behavior and Journal of Money, Credit and Banking.
Member of the European Association of Science Editors (UK), The International Corporate Governance Society (USA) and The Council of Science Editors (USA).
Additional affiliations
September 2001 - present
Education
September 1999 - November 2001
Publications
Publications (99)
The conference proceedings book "Corporate governance: Research and advanced practices" proposes research abstracts that explore ideas on current issues and advanced practices of modern corporate governance. The conference studies analyze such crucial and relevant issues as board of directors’ practices, accounting, auditing, firm performance, ESG...
This issue of the journal Corporate Ownership and Control is composed of papers that contribute new ideas to the major issues of corporate governance such as board of directors, CEO practices, firm performance, ownership, auditing, ESG, and other related issues. Scholars from many countries of the world are authors of these papers. They represent t...
Publishing House Virtus Interpress is happy to release the conference proceedings book titled "Corporate governance: Participants, mechanisms and performance" edited by Throstur Olaf Sigurjonsson, Alexander Kostyuk, and Dmytro Govorun.
This conference was organized by the team of Virtus GCCG together with the Publishing House Virtus Interpress. Th...
The corporate governance landscape has continuously evolved, and new perspectives and challenges have emerged. Some are general trends; others are challenges that likely will continue to shape corporate governance in the near future. The international conference “Corporate Governance: Participants, Mechanisms and Performance”, hosted by Virtus Inte...
The 2007 financial crisis served as a stark reminder of the vulnerability in the relationship between institutions and companies, as it revealed that many companies collapsed despite government interventions. Two crucial factors that influenced the crisis’s impact on firms were the level of creditor rights protection and corporate risk management....
Investors, society, and policymakers have all paid growing attention to environmental, social, and governance (ESG) topics over the past few years, pushing businesses to adopt sustainable practices and stakeholder-focused initiatives.
The conference proceedings book "New outlooks for the scholarly research in corporate governance" proposes research abstracts that investigate a wide variety of issues on new tendencies and outlooks of current corporate governance. The conference abstracts study, in particular, board of directors issues, accounting, auditing and financial reporting...
This review covers the conference book titled “New outlooks for the scholarly research in corporate governance”, edited by Marco Tutino, Valentina Santolamazza, and Alexander Kostyuk (Virtus Interpress, 2023; ISBN: 978-617-7309-23-8). Modern corporate governance is indeed a dynamic and changing set of guidelines, practices, and procedures that are...
Scholars are aware that the term “corporate governance” still lacks a clear and shared definition, despite being in use for over fifty years (Zattoni, 2020). In fact, various scholars have offered different definitions, considering both the range and diversity of stakeholders involved in governance and management, as well as the extensiveness and v...
We are pleased to present the recent issue of the journal Corporate Ownership and Control. The recent issue of the journal Corporate Ownership and Control is devoted to the issues of corporate governance, board of directors, CEO practices, mergers and acquisitions, firm performance, sustainability, ownership, ESG, intellectual capital and other rel...
The recent issue of the journal has been composed of the papers which are mostly empirical and contribute new ideas to the major issues of corporate governance such as ownership structure, a board of directors, board gender diversity, earnings management, auditing, etc. We have a pleasure to inform you that scholars from many countries of the world...
The conference proceedings book "Corporate governance: An interdisciplinary outlook" presents studies devoted to the interdisciplinary approach to new trends that are currently shaping the concept of modern corporate governance. The conference abstracts cover a lot of issues, among others, board of directors, board diversity, financial performance,...
The history of the appearance of the board gender diversity issue on the agenda of regulators appeared in 2003, when Norway was the first in the world to introduce a quota of 40% for company boards. Five years after the introduction of the gender quota of 40%, all companies in Norway met the established standard. You are welcome to explore the cont...
Competitiveness estimation is a crucial matter both at the firm and the national level. Consequently, the justification of the factors creating a competitive advantage combining with the ways which affect them and especially in manufacturing firms hold great importance because they perform as an advisory tool for the selection of the proper strateg...
This issue of Corporate Governance and Sustainability Review considers sustainability from various aspects: significantly increased attention to such areas as preparation of materials for the board meeting, search by directors for information as a supplement to the information provided by the executive management, and improvement of the effectivene...
Papers published in the recent issue of the journal consider a wide spectrum of issues linked to the board of directors and firm performance through the prism of stakeholder capitalism
The recent issue of the journal has been composed of the papers which are mostly empirical and contribute new ideas to the major issues of corporate governance such as board of directors, chief executive officer (CEO) pay, shareholder activism, accounting, auditing, social responsibility, family firms, firm performance, social capital in corporate...
A total of 58 authors from differents countries of the world, such as Italy, Greece, the USA, Canada, Germany, Portugal, Turkiye and others, have participated in the conference. Conference presenters and conference discussants, representing 14 countries, took an active part in the conference forum discussion and provided more than 240 comments with...
“Corporate Governance: Theory and Practice”, the annual conference by Virtus Interpress, is always a cornerstone to depict the state of the art on this critical topic. The 2022 edition makes no exception: the width and deepness of the topics as investigated by the accepted papers are proof, as these proceedings demonstrate. Nevertheless, there are...
The proliferation of sustainable and responsible investment (SRI) has led investors to favor socially responsible companies (Galbreath, 2013; Avetisyan & Hockerts, 2017). This has contributed to the growing importance of environmental, social, and governance (ESG) ratings, and ESG rating agencies have established themselves as a primary source of i...
Welcome to read an Editorial to the recent issue of the journal Corporate Ownership and Control. All papers in the issue are free for reading and downloading. Follow the link below to see the issue content and the papers
https://virtusinterpress.org/-2021-Issue-1-special-issue-770-.html
The conference proceedings book discusses the most recent crucial issues of corporate governance and outlines possible scenarios of its development. The conference materials provide analysis of such topics, as board of directors theory and practices, gender diversity, earnings management, financial issues of corporate governance, banking, firm perf...
The recent issue of the Corporate Ownership and Control journal (volume 19, issue 1) covers the following key themes: accounting standards, corporate governance and social responsibility, public sector governance, financial management and firm performance. The authors represent a range of developed and developing countries, making this issue of the...
The recent issue of Corporate Ownership and Control journal contains both empirical and review papers describing the wide variety of corporate governance issues from the board of directors and executive compensation to mergers and acquisitions, stock market and institutional investors. The geographical representation of the papers provides an excel...
This international online conference ― Corporate Governance: A Search for Emerging Trends in the Pandemic Times held by the team and international scholarly network of Virtus Global Center for Corporate Governance is an excellent platform to present, discuss and share the most recent ideas in the corporate governance research. This conference is th...
The global reduction in individual or retail ownership of stocks toward a movement to more institutional ownership has had many effects on the financial markets, stock prices, and corporate structure over time. The new-found fields will sow the research agendas for the future of corporate governance. To that end, the papers presented at the interna...
Corporate governance is a system designed to improve corporate performance through supervision of management performance to ensure accountability to stakeholders based on a regulatory framework. Board of directors as a field of research becomes a major point for intersection of many other issues of corporate governance, such as financial reporting,...
We are happy to announce that the conference proceedings book titled "Corporate Governance: An Interdisciplinary Outlook in the Wake of Pandemic" edited by Stefania Sylos Labini, Alexander Kostyuk, Dmytro Govorun has been released.
More than 40 scholars from many countries of the world took an active part in the conference forum discussion and pro...
The conference proceedings book "Corporate governance: Examining key challenges and perspectives" discusses recent trends in scholarly research related to corporate governance. Authors consider both traditional issues of corporate governance and those that have been challenged recently. The structure of this conference proceedings book is very inno...
This is an article describing and introducing the conference proceedings book "Corporate governance: Examining key challenges and perspectives" discusses recent trends in scholarly research related to corporate governance. Authors consider both traditional issues of corporate governance and those that have been challenged recently. The structure of...
We would like to draw the attention of the experts in corporate governance and finance that international peer-reviewed journal Corporate Ownership and Control announces a call for papers for the special COVID-issue (2020) of the journal, in partnership with The Entrepreneurial Finance Lab at the University of Aalborg Business School.
Topic: SME a...
This is a report of the international online conference “CORPORATE GOVERNANCE: EXAMINING KEY CHALLENGES AND PERSPECTIVES” held on May 7-9, 2020 in partnership between Virtus Interpress, ISEG (Lisbon) and Virtus Global Center for Corporate Governance. The report has been composed and edited by the Editorial team of Virtus Interpress. The report cont...
Personal editorial and reviewing experience give a right to conclude that papers previously presented at the conferences have more serious scholarly content, solid empirical fundamentals and relevance. Scholarly journal reviewers are more favourable about such papers and it takes less time to receive the final approval of the reviewers for further...
This issue of the journal “Corporate Ownership and Control” is absolutely unique from the point of view of the geodiversity of the research. Thus, having published 16 papers in this issue of the journal we can count the research on corporate governance in the USA, the UK, Norway, Australia, Italy, Germany, Netherlands, Portugal, Spain, Belgium, Swe...
The recent issue of Corporate Ownership and Control journal can be referred to a special issue because of the truly international outlook provided by the scholars from more than 10 countries of the world, such as Canada, Australia, the UK, Germany, Italy, Finland, Portugal, Egypt, Thailand, Tunisia, the UAE. All the papers published in this special...
Interest in corporate governance continues to increase, both inside and outside academia, together with recognition of its importance. Despite advances in research on corporate governance, many questions remain regarding good governance and factors contributing to good decision-making. In this context, we think that it is important to deal with the...
This review covers the book titled “CHALLENGES AND OPPORTUNITIES IN ITALIAN CORPORATE GOVERNANCE”, which was written by Salvatore Esposito De Falco, Federico Alvino, Nicola Cucari, Luigi Lepore (Virtus Interpress, 2019; ISBN: 978-617-7309-07-8). The review shortly outlines the structure of the book, pays attention to its strong sides and issues tha...
Kostyuk, A. (2019). Editorial: Cross-country research in corporate governance. Corporate Ownership and Control, 16(4), 4-6. http://doi.org/10.22495/cocv16i4_editorial
Concept of the conference The conference is devoted to highlighting recent research findings on several key directions: corporate governance, financial reporting and taxation. Works that consider two or more of the mentioned issues are particularly welcome as one of the aims of the conference is to gather researchers who study two or more of the me...
The articles in this issue share the commonality that they are showing the structural adjustments being made in each country to adapt Anglo-American corporate governance concepts in largely non-Anglo-American environments (with the exception of the last article on South Africa). Corporate governance is here to stay though the local perspectives on...
The book "Corporate Ownership and Control: International Trends" examines the corporate governance systems in nine countries (the USA, Italy, Spain, Turkey, New Zealand, China, Brazil, India, Nigeria) with particular emphasis on corporate ownership and control issues. This book picks up several very important issues related to corporate governance....
Following the agency theory, this paper contributes to the literature on board independence as a mechanism to mitigate agency costs by investigating the impact of independent minority directors on firm value in a principal–principal setting. Independent minority directors might alleviate agency costs associated to the risk of self-dealing transacti...
Publishing house Virtus Interpress introduces a conference proceedings focused on the variety of crucial issues of corporate governance, i.e. corporate ownership and control, earnings management, audit, corporate social responsibility and compliance, etc., titled "Corporate governance: Search for the advanced practices". A scholarly contribution to...
According to Torgler and Piatti (2013), “researchers today invest
much effort in having their contributions screened. For example, in 1974,
only 19 per cent of papers published in American Economic Review had
been presented at one or more conferences, workshops or seminars, for
critical commentary prior to publication. On average, the number of
pre...
Interest in corporate governance continues to increase, both inside and outside academia, together with recognition of its importance. Despite advances in research on corporate governance, many questions remain regarding good governance and factors contributing to good decision-making. The aim of international conference “New Challenges in Corporat...
We are pleased to present the autumn issue of the journal in 2018. The recent volume of the journal "Corporate Ownership and Control" is devoted to the issues of national corporate governance codes, executive compensation, reporting quality, ownership structure, disposition effect, behavioral finance, leadership, top management diversity, glass-cei...
The main purpose of the conference was to provide the platform at international level for academics to analyse recent trends and upcoming challenges in corporate governance and company performance, major challenges and new horizons in further research. Keynote speakers addressed valuable suggestions and examples of how researchers focused on the bo...
EDITORIAL Dear readers! Starting from 2018 the editorial team of the journal would like to include some changes to our editorial note. From now on, the note will also include a scholarly vision of the journal Editor how the papers published in recent issue of the journal contribute to the existing literature in the field. We hope it will enable our...
Starting from 2018 the editorial team of the journal would like to include some changes to our editorial note. From now on,
the note will also include a scholarly vision of the journal Editor how the papers published in recent issue of the journal
contribute to the existing literature in the field. We hope it will enable our readers to outline the...
Good corporate governance undoubtedly is a key to sustainable private sector development and a basic element for healthy firms. Since the crisis started in 2008 many challenges were addressed to the companies worldwide. Recently a corporate governance landscape faced numerous challenges and changed remarkably. This book represents a collaborative e...
EDITORIAL Dear readers! Starting from 2018 the editorial team of the journal would like to include some changes to our editorial note. From now on, the note will also include a scholarly vision of the journal Editor how the papers published in recent issue of the journal contribute to the existing literature in the field. We hope it will enable our...
This manuscript is aimed at highlighting the most recent trends in corporate governance, ownership and control based on the manuscripts presented at the international conference “Corporate Governance, Ownership and Control” that took place in Rome on February 27, 2018. We have also used reputable papers published in the relevant academic journals i...
The main aim is to discuss shareholder rights protection in Ukraine and Germany, which have the same Civil law legal system. Our contribution outlines, systemizes and accesses approaches how critical and weak issues in the area of shareholder protection are resolved in both countries using the mechanisms of corporate governance. Using Germany as a...
Sustainability is one of the most significant trends in financial markets for decades. Sustainability is where businesses should focus today in order to reach and maintain a leading position and have a long-term perspective. The paper investigated into the researchers view on the ways corporate sustainability should be embedment, specifically into...
This Article explores the main convergences and divergences among the different notions of "persons acting in concert" adopted by certain EU and US regulations concerning financial institutions and public companies, for the purpose of identifying a common set of principles governing the interpretation and application of such legal concept. In parti...
The main aim of this paper is to research the methods of defining the integral index of capital banks efficiency on the basis of corporate governance principles.The research identifies the main factors of capital banks efficiency on the basis of corporate governance principles, which give the opportunity to assess the financial performance in the b...
The paper outlines shareholder activism development in common law and civil law countries and identifies features of these legal systems that create preconditions and obstacles for shareholder activism. Our findings show that tendencies of shareholder activism depend on the type of the legal system, but also vary within the countries that share the...
The new model for banking control and regulation, suggested by Basel III, together with high dividend expectations of shareholders have fostered the transformation of the business model in European banking. The scale of market shares no longer plays an important role in banking business. The emphasis is now laid on its efficiency. It is determined...
The level of corporate sector development depends not only on historical processes and factors, but also on the legal framework, which is actual at the certain time. Corporate governance in Ukrainian companies is developing constantly, e.g. under the influence of intense change legislation, so first we systematize the results of previous studies, s...
The aim of this paper is to solve the problem of CSR performance measurement for Ukrainian banking institutions by developing a CSR index. It is done by measuring a corporate social responsibility (CSR) through 25 different indicators for 40 Ukrainian banks, which represent 80% of total banking system assets. This paper is a first attempt in Ukrain...
The aim of this paper is to solve the problem of CSR performance measurement for Ukrainian banking institutions by developing a CSR index. It is done by measuring a corporate social responsibility (CSR) through 25 different indicators for 40 Ukrainian banks, which represent 80% of total banking system assets. This paper is a first attempt in Ukrain...
The eleven contributions collected in this book analyze the evolution of banks’ corporate governance rules worldwide. The first chapter is dedicated to the US banking and financial system and describes the substantial changes in the corporate governance framework applied to those companies operating where the recent financial crisis had begun. Subs...
The article explores the structure of corporate ownership in banking sector in Ukraine during anafter-privatization period of time from 1998 to 2003. It was concluded that the share of insiders1 inthe structure of corporate ownership in banking sector in Ukraine remarkably increased. The shareof outsiders almost did not change. Thus, privatization...
This book is devoted exclusively to the international context of corporate governance. Contributors representing many countries of the world were certain about defining the most important, even critical issues of corporate governance for the countries considered. The issues which are considered in details are about ownership structures, corporate c...
This paper was aimed to examine the relationship between corporate governance and financial performance in terms of ownership of 41 banks that represent Ukrainian banking system in 2006-2009. Correlation results could be used as an indicator of the weak link between corporate governance dynamics and operating performance. The Corporate Governance D...
The aim of this research is to assess the efficacy of the prospective reforms proposed by the Basel Committee on emerging market economies. Egypt and Ukraine are selected as comparative case studies representing middle-income developing nations and transition economies that have shown diverse reactions to the global crisis. Using a small-scale DSGE...
Purpose – the purpose of this research is to find the factors influencing size and composition of the supervisory boards in a transition economy with application to Ukraine. Design/Methodology/Approach – this paper is based on the research of 50 largest companies in Ukraine. Period of research is 1998-2005. Methodology of research is based on obser...
The paper investigates the issue of the board committee members' remuneration in banks. The authors came with conclusion that this issue of research is not explored enough by researchers in international context. Probably this is the major reason of such big black holes in the bank practices. The systems of remuneration for committee members in ban...
The purpose of this research is to find the factors influencing composition of the supervisory boards in a transition economy with application to Ukraine. This paper is based on the research of 50 largest companies in Ukraine. Period of research is 1998-2005. Methodology of research is based on observations (the first stage) and questionnaires (the...
The textbook tries to cover several topics in the interdisciplinary area of corporate governance. The financial crises of Enron, WorldCom and Parmalat at the beginning of the 21st century have heated up the discussion about the proper governance of companies. Corporate governance is a highly topical subject which concerns the management of large co...
Purpose
This paper seeks to provide a textual analysis of the anti money laundering practices of the central banks of Australia (Reserve Bank of Australia (RBA)) and Ukraine (National Bank of Ukraine (NBU)).
Design/methodology/approach
The analysis is performed two ways by both calculating a disclosure index and through use of textual analysis.
F...
The article explores the structure of corporate ownership in Ukraine during an after-privatization period of time from 1998 to 2001. It was concluded that the share of insiders 1 in the structure of corporate ownership in Ukraine remarkably increased. The share of outsiders almost did not change. Thus, "industrial" privatization has led to transfer...
We examine the economic reasons underlying the behavior of some senior managers to inflate their firms’ reported earnings. While the extant literature cites accounting and corporate governance structure as potential reasons that facilitate the inflating tendency, we conjecture that opportunism at different hierarchical levels within firms do not le...
It should note and take into account the dual structure of the boards in Ukraine, i.e. supervisory and management board and the process of the separation of ownership and control in Ukraine that still lasts as the result of privatization of the state property the supervisory board practices in the part of the board meetings are very unique and need...
Remuneration of members of the supervisory boards in Ukrainian joint-stock companies is the most controversial issue of the corporate board practices. Despite the firm belief of the shareholders that the director remuneration is one of the most important factors influencing the board performance, there are still many companies (21 per cent) where d...
The paper investigates dependencies of executive compensation parameters on ownership stucture types at Ukrainian companies. No type of shareholder in Ukraine can be taken for an optimal owner from the point of view of their attitude to the executive compensation parameters. A comparatively better performance in this field is demonstrated by foreig...
The purpose of this research is to find the factors influencing size and composition of the supervisory boards in a transition economy with application to Ukraine. This paper is based on the research of 50 largest companies in Ukraine. Period of research is 1998-2005. Methodology of research is based on observations (the first stage) and questionna...
Purpose
– The purpose of this paper is to test a link between the type of corporate ownership and business innovation activities, with application to Ukrainian joint stock companies.
Design/methodology/approach
– The objective of the paper is achieved through conducting a series of observations of 42 of the largest companies of metallurgy and mach...
The main research question of this research is: "Does an ownership structure influence performance of executive compensation in Ukraine?". A very detailed investigation of the most active Ukrainian joint stock companies has been undertaken. Total number of the companies under research is 50. Period of investigation is from 1998 to 2003. Fixed-based...
The author reports on the corporate board practices in Ukraine. The roles of board of directors are mainly about control. The strategic and advisory roles are not developed. The mode of strategic involvement of the members of supervisory boards in Ukraine is mainly about reviewing and approving. Thus, the board of directors in Ukraine is "a rubber...
The joint-stock company "Ukrneft" is a good example for understanding the role of asymmetry of information in the corporate governance. Corporate ownership structure is characterized by high enough concentration. The state is the largest stockholder, owning 50%+1 company stock, i.e. controlling block. Besides the state, there are some large shareho...
International board practice concerning establishing committees on the board is still not spread in the Ukraine. The state obliged Ukrainian joint stock companies to establish an audit commission. But the commission is not on the supervisory board. It is not an integral part of the board. Members of the audit commission are prohibited to be members...
This article is devoted to the research of the functioning of financial and industrial groups on Ukraine's markets for corporate control and investments. The largest financial and industrial groups of Ukraine -"Finance & Credit", "Privat-Invest", "Ukrsibbank" and "The Industrial Union of Donbass" -were studied during the research. The research reve...
The paper considers board practices in the Ukraine and developed countries such as the USA, the UK, Germany and Japan. Investigation on the board practices in the Ukraine is the first ever has been conducted. As a result of investigation undertaken, major conclusions have been made. The most important of them is that the German model is getting spr...
The paper considers the recent trends at the market for corporate control in Ukraine. As a result of the undertaken original research, some very important conclusions have been made. First of all, during 1998-2001 corporate ownership structure in Ukraine became more concentrated, in contrast to such country in transition as Russia. Second, the more...
The paper considers the problems of corporate governance in Ukraine during the process of transformation of the structure of corporate ownership. Capital structure, as an element of the system of corporate governance, is investigated. A tight connection between concentration of shareholders equity, equity cost and capital structure (financial lever...
Questions
Questions (12)
I hope you will find useful these free papers https://www.virtusinterpress.org/A-set-of-updated-thematic-paper-collections-from-Virtus-Interpress.html including free collections of papers on board of directors and independent directors.
I hope you will find useful these free papers https://www.virtusinterpress.org/A-set-of-updated-thematic-paper-collections-from-Virtus-Interpress.html including free collections of papers on board of directors and independent directors.