Analysis of national corporate governance models from a value approach

Abstract

The article gives a description of the main national models of corporate governance, explores the main mechanisms of their functioning. A comparative analysis of the individual components of these models made it possible to discover their similarities and differences, as well as advantages and disadvantages. Based on the identified characteristics, a comparative table was built on the key criteria of corporate governance based on the cost approach. The differences between the studied models revealed during the study made it possible to characterize their specificity and uniqueness, as well as to study their applicability in Kazakhstani conditions. In addition, an assessment was made of the formation and development of the Kazakhstani model of corporate governance, identified shortcomings and opportunities for its further development. Based on the findings of the study, some promising areas of development for the Kazakhstani model of corporate governance are proposed. The results of the study may be of interest to researchers, teachers, doctoral students and undergraduates engaged in research in the field of corporate management.