Productivity in Russia has fallen steadily over the past 15 years. This paper explores micro-level data to understand … the contribution of individual firms to aggregate productivity. Overall, firm-level data corroborate the decline in … aggregate productivity and a widening productivity gap against several European countries. They also show that the gap between …

, which could lead to enhanced productivity by a better management of resources at the firm level. Corporate governance … performance of particular interest. Productivity is considered as a major measure of firm performance, but for comparison …, profitability improved. A greater salary gap between executives and staff hurts productivity, but boosts ROA and ROE, which are …

for productivity improvements, which are urgently required to ensure stronger growth in Russia because of a shrinking …