The Determinants of Privatised Enterprise Performance in Russia
dc.contributor.author | Estrin, Saul | en_US |
dc.contributor.author | Bevan, Alan A. | en_US |
dc.contributor.author | Kuznetsov, Boris | en_US |
dc.contributor.author | Schaffer, Mark E. | en_US |
dc.contributor.author | Angelucci, Manuela | en_US |
dc.contributor.author | Fennema, Julian | en_US |
dc.contributor.author | Mangiarotti, Giovanni | en_US |
dc.date.accessioned | 2006-08-01T15:40:23Z | |
dc.date.available | 2006-08-01T15:40:23Z | |
dc.date.issued | 2001-06-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2002-452 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39836 | en_US |
dc.description.abstract | Using data from a large enterprise-level panel designed to address this issue, we account for enterprise performance in Russia. We link performance to four aspects of the economic environment: enterprise ownership; corporate governance; market structures and competition; and financial constraints. We conclude that private ownership and improved performance are not correlated, though restructuring is positively associated with the competitiveness of the market environment. These findings on private ownership support those of previous studies, e.g. Earle and Estrin (1997). Moreover, we find evidence that financially unconstrained firms are better in their undertaking of restructuring measures then financially constrained firms. Further analysis suggests that causality runs from restructuring to financial constraint, rather than the reverse. Finally, our findings indicate strong complementarities between the four factors influencing improved company performance, confirming the view that these factors need to be considered jointly. | en_US |
dc.format.extent | 213304 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 819488 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 452 | en_US |
dc.subject | Privatisation, Enterprise Performance, Competition, Corporate Governance, Investment | en_US |
dc.subject.other | D21, L10, P31, G34 | en_US |
dc.title | The Determinants of Privatised Enterprise Performance in Russia | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39836/3/wp452.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.