ANDREA BALLA Associate Professor, Faculty of Business and Economics, University of Pécs, HungaryZSOLT BEDO Assistant Professor in the Faculty of Business and Economics, University of Pécs, HungaryIVÁN BÉLYÁCZ Professor of Finance, Faculty of Business and Economics, University of Pécs, HungaryZDENEK SID BLAHA Associate Professor of Finance, Institute of Economic Studies, Charles University, PragueTATIANA DOLGOPYATOVA Chief Researcher, Institute for Industrial and Market Studies, Higher School of Economics, Moscow, Russia; Professor, Faculty of Economics, State University, Higher School of Economics, Moscow, RussiaJIRI HAVEL Professor of Economics, Institute of Economic Studies, Faculty of Social Sciences, Charles University, Czech RepublicSHUICHI IKEMOTO Professor of Economics, College of Economics, Nihon University, Tokyo, JapanKRYSTOF MEISTRÍK Junior Researcher, Institute of Economic Studies, Charles University, Prague, Czech RepublicMICHAL MEISTRÍK Professor of Economics and Director, Institute of Economic Studies, Charles University, Prague, Czech RepublicÉVA OZSVALD Senior Researcher, Institute of Economics, Hungarian Academy of Sciences, Budapest, HungaryFUMIKAZU SUGIURA Assistant Professor, Institute of Economic Research, Hitotsubashi University, Tokyo, JapanANDREI YAKOVLEV Director, Institute for Industrial and Market Studies, Higher School of Economics, Moscow, Russia; Vice Rector, State University, Higher School of Economics, Moscow,Russia

• Preface; B.Dallago & I.Iwasaki PART I: GENERAL VIEW Corporate Governance in Transition Economies: A Comparative Perspective; B.Dallago Economic Transformation and Corporate Finance in Post-Communist World; F.Sugiura PART II: THE CZECH REPUBLIC Corporate Governance in the Czech Republic; M.Mejst?ík & K.Mejst?ík The Czech Emerging Financial Markets and their Roles in Corporate Finance; Z.Blaha Foreign Direct Investment and Corporate Restructuring in the Czech Industry: The Case of Japanese Multinationals; S.Ikemoto PART III: HUNGARY Institutional Framework and Practice of Corporate Governance in Hungary; E.Ozsvald The Determinants of Capital Structure of Hungarian Firms in Transition; I.Belyacz The Role of Foreign Direct Investment in Corporate Restructuring in Hungary; I.Iwasaki PART IV: THE RUSSIAN FEDERATION Corporate Law and the Governance Mechanism of Russian Firms; I.Iwasaki Corporate Ownership and Control in Russian Companies: Evidence from Enterprise Surveys; T.Dolgopyatova Evolution of Corporate Governance in Russia: Government Policy vs. Real Incentives of Economic Agents; A.Yakovlev Conclusion; B.Dallago & I.Iwasaki