Spartak Keremidchiev - Academia.edu (original) (raw)

Papers by Spartak Keremidchiev

Assessments can be updated to measure progress over time. By the end of June 2005, 48 assessments... more Assessments can be updated to measure progress over time. By the end of June 2005, 48 assessments had been completed in 40 countries around the world. Overview of the Corporate Governance ROSC Program REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) Corporate governance country assessment Bulgaria

Economic Thought journal, Dec 20, 2020

Entrepreneurship, Nov 10, 2020

The purpose of this article is to present good practices, experience and ideas related to the org... more The purpose of this article is to present good practices, experience and ideas related to the organization and functioning of the board of state-owned enterprises. Corporate governance practices are represented by three characteristics of the board: nomination, composition and remuneration. The results of the article reveal a wide variety of board practices in different countries. They are determined by the state ownership policy of the respective country. Various practices and experiences are presented, which can be included in a kind of menu for selecting appropriate tools to promote and strengthen the boards, and thus the corporate governance of state-owned enterprises in Bulgaria.

Състояние и характеристики на приватизационния процес в България

Социологически проблеми, 1993

Environmental and Economic Impact Assessment of Land Privatization in Eastern Europe and Eurasia: National Report - Bulgaria

Social Science Research Network, 2013

ABSTRACT This report forms one of three reports commissioned bt USIAD that explore the relationsh... more ABSTRACT This report forms one of three reports commissioned bt USIAD that explore the relationship between land privatization and economic and environmental outcomes in Eastern Europe and Eurasia. The three reports include two Country Case Studies (Bulgaria and Ukraine), and a Synthesis Report that places the Country Case Studies within the context of the region as a whole. The studies focus on the agriculture, livestock/pasture, and forestry sectors. The conceptual framework that guided these studies postulates that interventions in land privatization are directly linked to land tenure security and to economic and environmental outcomes. The framework posits that, in addition to these direct linkages, numerous factors endogenous and exogenous to the land privatization efforts are likely to play a role in understanding the impacts of land reform.

Генезис и начално развитие на пазара на консултантски услуги в България

Икономическа мисъл, 2013

Footwear Industry: Delocalization and Europeanization

Routledge eBooks, Jun 4, 2019

Studies in Business and Economics

The state, represented by the legislature and the executive power, is committed to create a patte... more The state, represented by the legislature and the executive power, is committed to create a pattern for good corporate governance of state-owned enterprises (SOEs). First attempt to formulate such principles for private companies listed in the stock exchange emerged in the UK. Considering the size and importance of state sector, the Organization for Economic Co-operation and Development (OECD) gradually adopted and recommended similar principles for SOEs. They are the most commonly recognized and accepted pattern for good corporate governance of SOEs throughout the world. The study aims to evaluate the current level of compliance with these principles in Bulgaria (2016–2018) by state authorities and to find the gaps in their implementation. To achieve this aim, an original methodology has been developed derived on OECD principles and the use of expert assessment. The study found that the state (Parliament and Council of Ministers) has established in relatively high degree compliant ...

Theories Of Corporate Governance At State-Owned Enterprises

Economics and Management, 2020

Towards Modernization Of The Corporate Governance In Bulgaria

Industrial Organization, 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Economic Studies journal, 2021

The article seeks to answer the question: on what foundations is the theory of stakeholders built... more The article seeks to answer the question: on what foundations is the theory of stakeholders built. The contributions and achievements of economic, political and legal theories and concepts used in this theory, such as strategic management, systems analysis, motivational theories, industrial relations, etc. are revealed. The active implication of stakeholder theory in various recent policy initiatives might shed light on a new road for the development of corporations and society. JEL: G3; M2

The Forth Industrial Revolution and CSR

Economic Alternatives, 2019

Реформа на системата за възлагане на обществени поръчки (Reform of the Public Procurement System)

Towards Modernization Of The Corporate Governance In Bulgaria

Industrial Organization, 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Theoretical Foundations of Stakeholder Theory

Economic Studies journal, 2021

The Forth Industrial Revolution and CSR

Economic Alternatives, 2019

Реформа на системата за възлагане на обществени поръчки (Reform of the Public Procurement System)

SSRN Electronic Journal, 2004

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Assessment of the Privatisation Policy in Bulgaria

SSRN Electronic Journal, 2001

ABSTRACT The privatization process in the transition economies may appear to be the most serious ... more ABSTRACT The privatization process in the transition economies may appear to be the most serious economic event in the last 10-12 years. All transition countries experimented with different privatization models. Although the privatization processes have not ended yet, the development of a methodology for assessment of the privatization policy is necessary to not only specify the privatization outputs and to compare the effectiveness of the implemented policies, but also to support the policy design process. The paper aims to present an application of an elaborated methodology for assessing the privatization policy and opportunities for its implementation followingthe Bulgarian case.

Opportunities and Prospects for Japan’s Investments in Bulgaria

This expert report has been prepared by Economic Research Institute at the Bulgarian Academy of S... more This expert report has been prepared by Economic Research Institute at the Bulgarian Academy of Sciences, in connection with the initiative of the President of the Republic and the Embassy of Japan for a Bulgaria-Japan Business Meeting on February 5th, 2020. It presents an analysis and assessment of the opportunities and prospects for Japan’s investments in Bulgaria, in particular:•Main trends in Japan’s investments in the EU Member States from Central and South-Eastern Europe (CSEE) are studied and outlined to identify the specifics of Japan‘s investments abroad by countries, sectors, productions, forms, in which they invest. In this way, a targeted approach is introduced, tailored to the specifics of these investments.•A historical overview is presented – the successes of trade and economic cooperation in the area of investments, in order to outline how the good practices and experiences in the past would support future investments from Japan in Bulgaria.•A critical review of the ...

Assessments can be updated to measure progress over time. By the end of June 2005, 48 assessments... more Assessments can be updated to measure progress over time. By the end of June 2005, 48 assessments had been completed in 40 countries around the world. Overview of the Corporate Governance ROSC Program REPORT ON THE OBSERVANCE OF STANDARDS AND CODES (ROSC) Corporate governance country assessment Bulgaria

Economic Thought journal, Dec 20, 2020

Entrepreneurship, Nov 10, 2020

The purpose of this article is to present good practices, experience and ideas related to the org... more The purpose of this article is to present good practices, experience and ideas related to the organization and functioning of the board of state-owned enterprises. Corporate governance practices are represented by three characteristics of the board: nomination, composition and remuneration. The results of the article reveal a wide variety of board practices in different countries. They are determined by the state ownership policy of the respective country. Various practices and experiences are presented, which can be included in a kind of menu for selecting appropriate tools to promote and strengthen the boards, and thus the corporate governance of state-owned enterprises in Bulgaria.

Състояние и характеристики на приватизационния процес в България

Социологически проблеми, 1993

Environmental and Economic Impact Assessment of Land Privatization in Eastern Europe and Eurasia: National Report - Bulgaria

Social Science Research Network, 2013

ABSTRACT This report forms one of three reports commissioned bt USIAD that explore the relationsh... more ABSTRACT This report forms one of three reports commissioned bt USIAD that explore the relationship between land privatization and economic and environmental outcomes in Eastern Europe and Eurasia. The three reports include two Country Case Studies (Bulgaria and Ukraine), and a Synthesis Report that places the Country Case Studies within the context of the region as a whole. The studies focus on the agriculture, livestock/pasture, and forestry sectors. The conceptual framework that guided these studies postulates that interventions in land privatization are directly linked to land tenure security and to economic and environmental outcomes. The framework posits that, in addition to these direct linkages, numerous factors endogenous and exogenous to the land privatization efforts are likely to play a role in understanding the impacts of land reform.

Генезис и начално развитие на пазара на консултантски услуги в България

Икономическа мисъл, 2013

Footwear Industry: Delocalization and Europeanization

Routledge eBooks, Jun 4, 2019

Studies in Business and Economics

The state, represented by the legislature and the executive power, is committed to create a patte... more The state, represented by the legislature and the executive power, is committed to create a pattern for good corporate governance of state-owned enterprises (SOEs). First attempt to formulate such principles for private companies listed in the stock exchange emerged in the UK. Considering the size and importance of state sector, the Organization for Economic Co-operation and Development (OECD) gradually adopted and recommended similar principles for SOEs. They are the most commonly recognized and accepted pattern for good corporate governance of SOEs throughout the world. The study aims to evaluate the current level of compliance with these principles in Bulgaria (2016–2018) by state authorities and to find the gaps in their implementation. To achieve this aim, an original methodology has been developed derived on OECD principles and the use of expert assessment. The study found that the state (Parliament and Council of Ministers) has established in relatively high degree compliant ...

Theories Of Corporate Governance At State-Owned Enterprises

Economics and Management, 2020

Towards Modernization Of The Corporate Governance In Bulgaria

Industrial Organization, 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Economic Studies journal, 2021

The article seeks to answer the question: on what foundations is the theory of stakeholders built... more The article seeks to answer the question: on what foundations is the theory of stakeholders built. The contributions and achievements of economic, political and legal theories and concepts used in this theory, such as strategic management, systems analysis, motivational theories, industrial relations, etc. are revealed. The active implication of stakeholder theory in various recent policy initiatives might shed light on a new road for the development of corporations and society. JEL: G3; M2

The Forth Industrial Revolution and CSR

Economic Alternatives, 2019

Реформа на системата за възлагане на обществени поръчки (Reform of the Public Procurement System)

Towards Modernization Of The Corporate Governance In Bulgaria

Industrial Organization, 2005

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Theoretical Foundations of Stakeholder Theory

Economic Studies journal, 2021

The Forth Industrial Revolution and CSR

Economic Alternatives, 2019

Реформа на системата за възлагане на обществени поръчки (Reform of the Public Procurement System)

SSRN Electronic Journal, 2004

The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the s... more The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.

Assessment of the Privatisation Policy in Bulgaria

SSRN Electronic Journal, 2001

ABSTRACT The privatization process in the transition economies may appear to be the most serious ... more ABSTRACT The privatization process in the transition economies may appear to be the most serious economic event in the last 10-12 years. All transition countries experimented with different privatization models. Although the privatization processes have not ended yet, the development of a methodology for assessment of the privatization policy is necessary to not only specify the privatization outputs and to compare the effectiveness of the implemented policies, but also to support the policy design process. The paper aims to present an application of an elaborated methodology for assessing the privatization policy and opportunities for its implementation followingthe Bulgarian case.

Opportunities and Prospects for Japan’s Investments in Bulgaria

This expert report has been prepared by Economic Research Institute at the Bulgarian Academy of S... more This expert report has been prepared by Economic Research Institute at the Bulgarian Academy of Sciences, in connection with the initiative of the President of the Republic and the Embassy of Japan for a Bulgaria-Japan Business Meeting on February 5th, 2020. It presents an analysis and assessment of the opportunities and prospects for Japan’s investments in Bulgaria, in particular:•Main trends in Japan’s investments in the EU Member States from Central and South-Eastern Europe (CSEE) are studied and outlined to identify the specifics of Japan‘s investments abroad by countries, sectors, productions, forms, in which they invest. In this way, a targeted approach is introduced, tailored to the specifics of these investments.•A historical overview is presented – the successes of trade and economic cooperation in the area of investments, in order to outline how the good practices and experiences in the past would support future investments from Japan in Bulgaria.•A critical review of the ...

Корпоративно управление за XXI век. Утвърждаване на стандарти за добро корпоративно управление, 2014

Тази книга е написана с цел да подпомогне процеса на усъвършенстване и утвърждаване на съвременни... more Тази книга е написана с цел да подпомогне процеса на усъвършенстване и утвърждаване на съвременни високи стандарти и добри практики в областта на корпоративното управление и с това да допринесе за подобряване на функционирането и управлението на българските компании. Предишни изследвания на авторите, на други анализатори, както и резултатите от международни сравнителни изследвания, показват, че корпоративното управление у нас се намира в начален етап от своето развитие, има нужда от постоянен мониторинг, усъвършенстване и утвърждаване, за да подкрепи конкурентоспособността на българската икономика.