Russian Firms: Business Environment, Internal Organization and Behavior // In «Russia e Europa dell’Est: Progetti e prospettive di crescite»
Serie di Studi Scentifici. University of Verona: Polo Scientifico Diddattico «Studi sull’ impresa» and Center for International Studies , 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 paid to description of external economic and institutional conditions for development of Russian firms, and their internal characteristics as stock ownership, corporate governance and behavior. The paper concludes with discussions of post-crisis prospects and economic policy matters.
Priority areas: economics management
, 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
, 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
, , , Российский журнал менеджмента 2018 Т. 16 № 1 С. 95-108
The successful activities of any commercial organization, in particular the bank, are based on a clear corporate financial architecture: an effective financial strategy and corporate governance system (relationship management, board of directors and shareholders). CEO is the main representative of the bank and a reflection of its success or failure in the market. In this regard there is a ...
Added: April 3, 2018
Does corporate governance really predict firms’ market values in emerging markets? The case of Russian banks
, Journal of Corporate Finance Research 2013 No. 3(27) P. 23-36
The paper aims to add to the literature on the connection between corporate governance and company valuation. We refer to the case of the Russian banks to suggest that connection between gpvernance and the stock price cannot be established in a convincing way due to data scarcity. Russia's stock market can supply sufficient statistical material ...
Added: November 16, 2013
Friendly bureaucrats, formal rules and firms' investment decisions: evidence from a survey experiment in Russia
, , International Journal of Emerging Markets 2021 Vol. 16 No. 2 P. 347-369
This paper investigates the links between investment activity and personal contacts for small and medium-sized firms with public officials at the sub-national level in Russia. A list-experiment design, using a survey of 21,000 Russian firms in 2017, was used to evaluate the importance of personal connections with officials for conducting business. A total of 27% ...
Added: September 4, 2020
, Corporate governance and control in Russian banks / НИУ ВШЭ. Series WP1 "Институциональные проблемы российской экономики". 2007. No. 02.
The Working Paper examines 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, bank ...
Added: April 2, 2013
, Корпоративные финансы 2012 № 1(21) С. 24-32
В статье рассматривается авторский подход к периодизации этапов эволюции совета директоров в российских компаниях. Оценены перспективы и возможности дальнейшего развития этого института. Автор выделяет этапы на основе того, как менялась роль советов в российских компаниях. В результате исследования выделено три этапа эволюции роли совета директоров в России. Кроме этого, продемонстрирована система факторов (институциональная среда, правовое ...
Added: December 26, 2012
, , Вестник международных организаций: образование, наука, новая экономика 2016 Т. 11 № 4 С. 60-76
This article analyses the evolution of the Organisation for Economic Co-operation and Development’s (OECD) Principles of Corporate Governance and the economic environment of their transformation, as well as the key changes in the third version of the document adopted in 2015. The authors conclude that this version reflects the recent challenges related to the role ...
Added: December 8, 2016
, Корпоративные финансы 2017 Т. 11 № 3 С. 79-99
In this paper, we have estimated the probability for default in large construction companies in Russia using the classic method for this purpose – logistic regression. Our task incorporates testing corporate governance factors and analyzing the predictive power of the model with regularization (Lasso and Ridge). For the dependent variable, we tested four definitions of default and then ...
Added: October 17, 2017
, , Вестник Университета (Государственный университет управления) 2020 № 12 С. 95-102
The aim of the research is to analyse the features of development and current state of the main elements of venture ecosystem in Russia and the United States. To achieve this goal, the authors reveal and analyse the key features of the studied natural ecosystems. The paper considers the chronology of the stages of development of venture ecosystems ...
Added: June 28, 2021
, США и Канада: экономика, политика, культура 2010 № 4 С. 19-36
Economic crisis in globalized world made inevitable forging of a system of governance which would prevent the international community from large scale upheavals in future. The 2008-2009 summits of G-20 gave hope of a possibility to form a global political leadership. So far the system of international governance is being mapped up and appears in ...
Added: October 3, 2012
, , Journal of Business & Industrial Marketing 2013 Vol. 28 No. 3 P. 229-239
Purpose – The purpose of this paper is to broaden the current view of customer portfolio management by including the notion of customer interconnectedness. Design/methodology/approach – The previous research in customer portfolio theory is reviewed, with special attention to customer interconnectedness. Customer interconnectedness as a criterion to build customer portfolios is studied in the example of large Russian ...
Added: February 23, 2013
Sectoral entry-barriers for entrepreneurial activities – A Russian start-up between challenging global markets and local conservative path dependencies
, , Foresight 2016 Vol. 18 No. 6 P. 649 -659
Purpose Sectoral foresight activities often identify technological opportunities but leave the question open who will pursue them. Here, entrepreneurial activities have become increasingly important for the introduction and commercialization of new technological solutions. The same is true for Russia’s oil and gas industry, which requires a major technological upscaling to stay competitive. Promising start-ups though face ...
Added: October 11, 2016
, , Journal of Corporate Finance Research 2008 No. 7 P. 5-16
This paper aims at explaining the differences in valuation of banking firms in Russia from a quality of governance point of view. A sample of acquisition deals and public offerings over the last 5 years is collected with the view of discovering factors that investors deem significant in making a decision whether to invest in ...
Added: February 5, 2013
CEIBS - China Europe International Business School, 2018
Added: March 30, 2018
Foreign direct investment in a stagnant economy: Recent experience of FDI in manufacturing facilities in Russia
, , et al., Journal of East-West Business 2020 Vol. 26 No. 2 P. 109-130
This study presents a snapshot of investment projects in manufacturing that were implemented by foreign investors in Russia during 2017–2018. We assemble a unique database of all new plants opened by foreign companies in Russia during 2012–2018 to clarify the distribution of investment projects implemented during 2017–2018 across industries and territories with different tax regimes. We also identify the ...
Added: October 31, 2019
Motivations, Preferences, and Barriers to Going Abroad: Russian High-tech Start-ups and Small Innovative Enterprises
, , Outlines of Global Transformations: Politics, Economics, Law 2019 Vol. 12 No. 6 P. 94-129
This article is devoted to studying the motives, preferences, and market entry barriers for Russian high-tech start-ups and small innovative enterprises (SIE) that took part in the “Startup Village” event held at Skolkovo Innovation Centre in May 2019. Due to limitations in neoclassical theories, corporate motivation at the micro-level cannot be accurately quantified. Thus, this ...
Added: November 6, 2019
, , Сравнительная политика 2019 Т. 10 № 2 С. 135-151
The authors argue that Russian-Chinese rapprochement is a fundamental feature of the current changing system of international relations. The two countries are effectively enabling each other to conduct independent foreign policies often in direct opposition to the West. There is a degree of complementarity between the two sides with Russia having comparative advantage in the ...
Added: May 25, 2019
, , Антиномии 2013 Т. 13 № 3 С. 78-95
The authors analyze economic crisis in Spain, which has influenced Spanish real estate sector very negatively, and give recommendations how to overcome it. Through analyzing the data of the Spanish-Russian relations, the authors reveal many potential possibilities for both parties in this sector. Special attention is given to problems of Russian tourism in Spain: the ...
Added: January 29, 2018
, Вестник федерального бюджетного учреждения "Государственная регистрационная палата при Министерстве юстиции Российской Федерации" 2012 № 5 С. 4-13
В статье выявлены положительная динамика иностранного участия в капитале российских предприятий обрабатывающих производств в период экономического роста и особенности поведения совместных фирм. Наличие иностранных собственников способствует реструктуризации, лучшему качеству менеджмента и корпоративного управления, инвестиционной, инновационной и экспортной активности, более высокой конкурентоспособности бизнеса. В кризис масштабы ПИИ в российской экономике серьезно снизились. Отечественные предприятия отстают от ...
Added: November 30, 2012
, , in : State Capitalism in the new Global Political Economy. Conference Proceedings. International Conference of Institute quebecois des hautes etudes international (HEI). 21-24 November, 2013. Universite Laval. Quebeck City. Canada [Статьи авторов сборника открываются по выделенной гиперссылке на фамилию докладчика в программе конференции]. : Quebeck : Universite Laval, 2013.
The paper consists of three main sections. The first is devoted to a discussion of the "state capitalism" concept and the reasons for the growing interest to this phenomenon. It is proposed here to consider the state capitalism not only in terms of the state ownership in major national industrial enterprises and banks, but also ...
Added: January 6, 2014
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
, , Structural decisions of multinationals in regions with weak courts / National Research University Higher School of Economics. Series WP BRP "Basic research program". 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 ...
Added: April 12, 2017
, , Каспийский регион: политика, экономика, культура 2012 № 4(33) С. 147-152
В данной статье исследованы основные современные модели построения корпоративного бизнеса и определены особенности их деятельности в некоторых крупнейших странах мира. Проведена сравнительная характеристика путей развития и становления корпораций в США, Германии, Японии и России. Выявлено, что модели корпорации эволюционируют в процессе своего развития в зависимости от изменений во внутренней и внешней среде того или иного ...
Added: January 12, 2013