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Sveta Borodina

Research Associate


Corporate governance


Law, Finance & Development

Personal background

Sveta joined the CBR to take part in the research project which considers the role of law in economic development in Brazil, Russia, India and China. It is being run by a multidisciplinary team of lawyers and economists from Cambridge, Oxford and other leading universities in the UK and institutions in the subject countries. The research looks into the role of the legal system and legal institutions in economic development, and in the related proposition that law and the legal system may be determinants of economic growth. 

Sveta comes from a business background. Before joining the CBR in 2014 she headed Corporate Governance practice at Standard & Poor’s ratings agency including governance business development in the BRIC (Brazil, Russia, India and China) and Former Soviet Union countries. She was responsible for analytical product management, including methodology development for corporate governance ratings, Corporate Transparency and Disclosure studies. Her area of expertise includes non-financial risks, business organisation models: from entrepreneurial culture to family business and corporation. She was involved in research and assessment of various governance issues such as organisational structure, owners’ relationships, legal regulation of corporate governance in various countries, institutionalisation of governance, role of minority shareholders, management evaluation, business strategy development and implementation within corporate governance system.

Prior to that Sveta had eight years of experience with a number of energy companies as head of investor relations, responsible for financial and operational information disclosure, reputational issues, stakeholder relations. She began her analytical career in 1996 as an equity research analyst at ING Barings after completing a postgraduate course in Banking and Finance at the London School of Economics and Political Science.

Selected publications

Borodina, S., Deakin, S. and Hamilton, J. (2021) “The Rule of Law as an Emergent Social Norm: Evidence from Qualitative Research in Russia”. Law and Development Review, Vol. 14 (2), pp. 359-400.

Borodina, S. and Shvyrkov, O. (2010) “Investing in BRIC countries: evaluating risk and governance in Brazil, India, Russia and China.”

Contact details

Sveta Borodina
Centre for Business Research
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG