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This paper studies the impact of federal state shareholdings on the performance of Russian companies.It differs from most similar studies in two respects.Firstly, it focuses on mixed ownership companies rather than conventional state enterprises.Secondly, it distinguishes between several types...
Persistent link: https://www.econbiz.de/10012148441
During the Soviet period industrial firms not only formed the backbone of the economy but also directly provided a wide range of benefits to their municipalities.Firms were in charge of supplying a great variety of social services, such as housing, medical care and day care.The need to divest at...
Persistent link: https://www.econbiz.de/10012148505
Transition economies like Russia lack properly functioning financial markets and institu-tions, which results in severe agency and information problems. Business groups in such markets have the potential to offer benefits to member firms, but they also may destroy value. Using a unique database...
Persistent link: https://www.econbiz.de/10012148568
two emerging stock markets - Russia and China, because of their unique characteristics and performance in the past years …
Persistent link: https://www.econbiz.de/10012148548
degree of stock market integration between Russia and China as well as between them and the United States, the euro area and … integration resumes between Russia and China, and with world markets. Notably, the episode of sigma-divergence from the 2008 …/2009 crisis is stronger for China than Russia. We also find that the process of stock market integration and the impact of the …
Persistent link: https://www.econbiz.de/10012148659