To be competitive, firms have to maintain level and composition of workforce they consider optimal given utilized technology and expected output. The paper discusses what types of firms are unable to keep optimal employment, and why. Do firms still report excess of labor or do they face labor...

The paper examines CEO turnover and separation of ownership from control in the Russian manufacturing. Empirical analysis is based on micro-data of the recent representative survey «Russian firms in a global economy» conducted in 2014. The data shows that CEO turnover in the Russian...