Purpose – Did the Soviet development strategy of according high priority to firms in heavy industry give these firms an advantage during Russia's transition to a market-oriented economy? This paper seeks to answer this question. Design/methodology/approach – To document industry variation in...

Purpose – Did the Soviet development strategy of according high priority to firms in heavy industry give these firms an advantage during Russia's transition to a market‐oriented economy? This paper seeks to answer this question. Design/methodology/approach – To document industry variation...