Ownership structures, patterns of control and enterprise behavior in Russia

Earle, John, Estrin, Saul ORCID: 0000-0002-3447-8593 and Leshchenko, Larisa (1996) Ownership structures, patterns of control and enterprise behavior in Russia. CEP Discussion Papers (CEPDP0315). London School of Economics and Political Science. Centre for Economic Performance, London, UK. ISBN 0753009498

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Abstract

In this paper, we analyse the effects of the massive Russian privatisation programme on the ownership of Russian firms and on the behaviour of formerly state owned enterprises. A large random sample of Russian firms is used to investigate the emerging ownership structures, patterns of control and enterprise behaviour. We find that workers have become the dominant owners in a majority ig Russian private firms; 65% of the total as against 19% being manager owned and 16% of being outsider owned. Higher- ownership appears to confer significantly more influence over decision-making on managers and outsiders, but not on workers. Most importantly however, we find no evidence that privatisation affects any major area of enterprise behaviour or performance.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://cep.lse.ac.uk/_new/publications/discussion...
Additional Information:	© 1996 The Author(s)
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor
JEL classification:	G - Financial Economics > G0 - General > G00 - General P - Economic Systems > P0 - General > P00 - General
Date Deposited:	12 Aug 2008 09:00
Last Modified:	11 Dec 2024 18:22
URI:	http://eprints.lse.ac.uk/id/eprint/20642

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