We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We … control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment … reallocation hide opportunistic value transfer across firms. Specifically, we assess the quality of the investment process in group …

privatization: the Czech voucher scheme and the Polish program of National Investment Funds. Despite important differences in …

Russia. We link performance to four aspects of the economic environment: enterprise ownership; corporate governance; market …

n Russia and Ukraine (1985-2002). There has been an increase in returns to schooling in both countries but the increase … is much bigger in Russia than in Ukraine. The intriguing question is why returns to schooling in Russia and Ukraine … distributions for university and secondary school graduates for Ukraine using the distributions of Russian characteristics, returns …

Romania), of two CIS economies (Russia and Ukraine) and of Turkey. A systematic approach in terms of different time horizons …-specific factors. For Russia, a first look is taken at the Dutch Disease phenomenon as a possible driving force behind equilibrium …

Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … reforming Russia than in “gradualist” Ukraine, as did the estimated effects of privatization and competitive pressures from … Russia displayed job flow behavior quite different from market economies, with very low rates of job reallocation that bore …

investment in Russia will not occur if firms are unable to ensure the security of their property and property rights; that is, if …A multitude of explanations for low investment by Russian firms have been offered: high inflation, high interest rates … the risk of destruction or expropriation is high. Nor will investment occur if access to investment funds is limited. Data …