Using data from a 2009 survey of 957 manufacturing enterprises, this paper examines relations between the state and business as well as priority differences in the distribution of governmental support by federal, regional and local authorities. Regression analysis reveals that a “model of...

This article considers the behaviour patterns of Russian firms before and during the financial crisis of 2008-09. To facilitate comparison, we define three main groups of actors at the firm level in the Russian economy - large, politically connected companies; medium-size firms that expanded in...

This article is devoted to analysing the evolution of corporate governance mechanisms in Russia. Special attention is paid to the causes of dramatic discrepancies between the expected outputs of institutional reforms implemented by the Russian government with World Bank and IMF support and the...

The article considers the influence of informational imperfections on the performance of the Russian financial market. The focus is on the individual savings market, which exhibits inefficiencies, including those associated with the market power of a dominant agent—Sberbank. Reinforcement of...

This article addresses Russia's barter economy. Using interview data, it examines the mechanics of barter settlements and classifies the main types of non-monetary transactions. The major reason for barter is lack of a competitive monetary system. In the 1990s barter represented a specific...

This article, based on public polls conducted in Russia in recent years and the analysis of relations among the state, business and society by Russian and foreign researchers, presents a step-by-step consideration of public opinion about business and the reasons for the formation of negative...