This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies during the 1990s. We argue that barter is a welfare-improving phenomenon that acts as a defense mechanism against monetary instability. When firms react to tighter credit...

This paper proposes a composite measure to evaluate a firm's survival potential. The composite measure is applied to 51 Russian firms located in Moscow, Volgograd, Rostov and Taganrog, utilizing data collected in 1995 from in-depth interviews with top-level managers of manufacturing, trade, and...

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...

What impact did privatization have on employment in Russian industry? Utilizes data collected from a panel of 6,205 civilian manufacturing firms in the Central, Volga, North Caucasus, Northern and Western Siberian regions of Russia to explore in more detail the relationship between changes in...

Are Russian workers satisfied with their jobs? If not, why does it matter and what can be done? Empirical evidence based on studies of US workers suggests that job satisfaction tends to correlate positively with labor productivity and negatively with labor turnover, both of which influence firm...

Purpose – Despite unanimous agreement in the existing literature that morale influences employee performance, no well‐defined measure of morale exists. In Russia, identifying the factors that contribute to employee morale is particularly important since firms face difficult financial...