Structural decisions of multinationals in regions with weak courts
Basic research program. WP BRP. National Research University Higher School of Economics , 2017. No. 161.
We investigate the impact of court conditions on multinational decision on entry, subsidiary size and entry mode across subnational regions in Russia. we apply the literature on heterogeneous frims and the institution-based view of investor behavior, which predict that higher institutional costs raise the size and productivity cut-off of start-up subsidiaries. Our empirical results based on microestablishment data of foreign-owned firms in Russia show that a weaker judicial framework and stronger political power of the local governor significantly de-stimulate entry. The majority of multinationals enter Russia, which is veiwed as a high-risk country, through large and very large subsidiaries wholly owned by the foreign parents. Variation of the business strategies of multinationals between regions is largely explained by regional court conditions, as foreign investors adapt their strategic decisions to compensate court deficiencies by increasing the size of the subsidiary and acquiring local institutional knowledge through partnership with resident firms. We also find that structural adjustments to court risks are typical for horizontal investments, which only serve the host market.
, Вестник федерального бюджетного учреждения "Государственная регистрационная палата при Министерстве юстиции Российской Федерации" 2013 № 1 С. 26-34
Foreign direct investment provides receiving companies with not only capital necessary for their development but with modern manufacturing technologies and management experience. The article covers investment made into Russian before the financial crisis had begun and after that. Their volume and dynamics are analyzed in comparison with the other BRIC countries i.e. Brazil, Russia, India, ...
Added: September 13, 2013
, , Journal of Institutional Economics 2015 Vol. 11 No. 4 P. 847-874
This paper addresses the link between the strong inflow of FDI into Russia in the 2000s and its weak institutions, using plant-level data across subnational regions. The findings imply that investors have responded positively to improve quality of institutions in certain regions, which offered a combination of wealth, skills and good infrastructure. High development levels in ...
Added: February 19, 2015
The impact of sub-national institutions: Recentralization and regional growth in the Russian Federation (2001–2008)
, , , Economics of Transition and Institutional Change 2016 Vol. 24 No. 3 P. 421-446
This paper assesses the effect of sub-national institutions on the economic performance of Russia's regions (oblasts, republics, krais and okrugs) from 2001 to 2008, a period of rapid economic advancement and recentralization. Approximating sub-national institutions with the RA Expert index of investment risk, we find that a reduction in investment risk by one standard deviation ...
Added: March 29, 2016
, , Post-Soviet Affairs 2020 Vol. 36 No. 5-6 P. 395-415
This study investigates whether economic freedom of a region drives firm performance. Despite the large number of papers about the relationship between economic freedom and growth, there is still little evidence on the role of economic freedom in performance of individual firms. We address this gap in the literature using hierarchical linear modelling, allowing us ...
Added: January 29, 2020
, , Journal of Economic Issues 2013 Vol. 47 No. 2 P. 475-484
We undertook an institutional anbalysis of commercial banks in Russia. After the failed experiment with private financial intermediation in the 1990s, Russia migrated towards a banking system consisting of three -- rather than two -- tiers and featuring core institutions controlled by the state directly or indirectly. This evolution is consistent with this country's historical ...
Added: May 28, 2013
, , Общественные науки и современность 2017 № 6 С. 123-137
In the rst article, the authors discuss the hybrid type of nationhood in Russia. Although the latter has some formal, both legal and cultural, features of a becoming political nation, it is still largely shaped by an “imperial syndrome”, re ecting the country’s imperial past and obstructing the building of demo- cratic institutions. The authors ...
Added: January 16, 2018
Russian Firms: Business Environment, Internal Organization and Behavior // In «Russia e Europa dell’Est: Progetti e prospettive di crescite»
, Russian Firms: Business Environment, Internal Organization and Behavior // In «Russia e Europa dell’Est: Progetti e prospettive di crescite» / University of Verona: Polo Scientifico Diddattico «Studi sull’ impresa» and Center for International Studies. Series "Serie di Studi Scentifici". 2012. No. 1.
The paper studies recent development in organization and behavior of Russian firms against the background of economic growth, the world crisis and post-crisis recovery. The main focus of the paper is a problem of investment, including foreign direct investment as a key determinant of Russian enterprises restructuring and modernization. In the context special attention was ...
Added: June 28, 2012
, Corporate governance and control in Russian banks / University Library of Munich. Series "Munich Personal RePEc Archive". 2008. No. 10028.
The Working Paper examines the peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, ...
Added: September 3, 2012
The political roots of intermediated lobbying: evidence from Russian firms and business associations
, , , The political roots of intermediated lobbying: evidence from Russian firms and business associations / Высшая школа экономики. Series WP BRP "Economics/EC". 2013.
How does political competition shape the way that firms pursue legislative change? A rich political economy literature describes various ways in which firms influence the design and enforcement of laws, rules and regulations germane to their business activities. Although helpful, this literature is disconnected from work on legislative accountability and political concentration. Making a distinction ...
Added: January 10, 2014
Детерминанты прямых иностранных инвестиций в регионы Российской Федерации: результаты экономико-математического моделирования
, , Вестник Пермского университета. Серия: Экономика 2017 Т. 12 № 3 С. 404-420
Direct foreign investment plays an important role in the world economy. Between the countries there is a huge competition for their involvement as they positively affect the economy of a recipient country. In addition to the direct effects, such as GDP growth, budget revenues, reducing unemployment, direct foreign investment positively impacts a host country indirectly ...
Added: February 15, 2018
CEIBS - China Europe International Business School, 2018
Added: March 30, 2018
, Russland-Analysen 2010 No. 200 P. 2-4
The paper gives an overview on unemployemnt in Russia and the concequances of the crisis of 2008. ...
Added: December 9, 2012
, , et al., Journal of Economic Studies 2021 Vol. 48 No. 7 P. 1336-1345
Purpose – The paper investigates changes in consumption of pure alcohol, vodka, beer, wine and fortified wine by neighboring age classes of Russians. Design/methodology/approach – Data source is the Russian Longitudinal Monitoring Survey – HSE from 2000 to 2017. Age groups are those born in 1934 and older, in 1935–1944 and further with a 10-years interval till the group ...
Added: November 10, 2020
, , , Climate Policy 2020 Vol. 20 No. 10 P. 1242-1256
Because the Russian economy relies heavily on exports of fossil fuels, the primary source of human-induced greenhouse gas (GHG) emissions, it may be adversely impacted by Paris Agreement-based climate policies that target reductions in GHG emissions. Applying the MIT Economic Projection and Policy Analysis (EPPA) model to assess the impacts on the Russian economy of ...
Added: January 15, 2020
М.: ИМЭМО РАН, 2016
The collection of extended analytical reports presented at the international conference of young scholars “Transformation of World Energy: Market Mechanisms and State Policy” organized by Center of Energy Studies, IMEMO RAN and Faculty of International Energy Business, Gubkin Russian State Oil and Gas University in April, 2016. Undergraduate and postgraduate students of leading Russian universities ...
Added: August 31, 2016
Copula-Application To Modelling Russian Banking System Capital Adequacy According to Basel II IRB-Approach
, , Model Assisted Statistics and Applications 2012 Vol. 7 No. 4 P. 267-280
According to the strategy of the banking system development until 2015, the Central Bank of Russia is going to implement Basel II Internal-Ratings-Based (IRB) approaches in 2015, while Basel III is planned to be introduced in full starting from 2019. Taking into account the effects of the Basel II regulation during the crisis 2008-2009, in ...
Added: November 6, 2012
М.: ИНИОН РАН, 2004
Added: January 27, 2017
, , , М.: Библио-глобус, 2017
The monograph is devoted to research of motivating innovation activities. This topic is especially relevant nowadays when there is a tendency towards activation of companies' innovation activities, increase in expenses on technological innovations and growth of innovative companies in Russia. Not all Russian innovative companies realize the necessity of improving employee management system, which requires ...
Added: February 24, 2017
State-controlled "national champions" of the Russian banking market: Concentration, competitiveness, and efficiency
, State-controlled "national champions" of the Russian banking market: Concentration, competitiveness, and efficiency / Social Science Research Network. Series "SSRN Working Paper Series". 2013. No. 2223686.
This paper tries to assess some of the effects from industrial policy of growing state-controlled "national champions" in the Russian banking industry. We look at market concentration and competitiveness and average bank efficiency. A modified method of calculating the indicators of market concentration suggests that main segments of the market have crossed the threshold of high ...
Added: February 25, 2013
М.: Русский сувенир, 2009
В коллективном исследовании особое внимание уделяется важнейшим элементам экономической безопасности, значение которых в сегодняшнем мире постоянно растёт. Вместе с ними рассмотрен комплекс социальных, правовых, экологических и иных проблем, в совокупности составляющих то, что можно назвать невоенными аспектами национальной и международной безопасности. ...
Added: April 13, 2013
, , М.: Издательский дом НИУ ВШЭ, 2017
В аналитическом докладе представлены результаты форсайт-проекта «Исследование глобальных вызовов и долгосрочных тенденций инновационного развития в сфере возобновляемых источников энергии», проведенного ИСИЭЗ НИУ ВШЭ при информационной и финансовой поддержке Группы компаний «Ренова». Исследование было сфокусировано на трех тематических областях: преобразование энергии солнца в электрическую; преобразование энергии ветра в электрическую; преобразование энергетической биомассы в тепловую и электрическую энергию. ...
Added: April 4, 2017
, , Post-Soviet Affairs 2018 Vol. 34 No. 6 P. 412-429
This study seeks to discuss the survivability of charitable NGOs in Russia without foreign funding. We use cross-section data from a quantitative household survey conducted in April 2016 to investigate common giving patterns of Russians. Using statistic and regression analysis, we explore causes of donations and individual and social attributes of charitable giving in general ...
Added: October 5, 2018
, , , Problems of Economic Transition 2010 Vol. 53 No. 3 P. 69-95
The article considers different approaches, all based on detailed statistical data, to determine which industries and commodities have high, medium, or low sensitivity to exchange rate fluctuations. The authors conclude that any exchange rate policy is an inappropriate tool to influence the structure of Russian economy. ...
Added: April 12, 2013
, Russia's Water Resources 2030: Policy Recommendations / National Research University Higher School of Economics. Series WP BRP "Basic research program". 2015. No. 44.
The Foresight study presented in this paper is devoted to the sustainable use of water resources in Russia. The authors analyse possible trajectories of development in the three thematic areas (i) sustainability of water systems; (ii) water use by households and in industry; and (iii) new water products and services. The Foresight methods cover expert interviews ...
Added: August 31, 2015