The Re-Emerging Role of the State in Contemporary Russia

Vanteeva, Nadia

Abstract

I examine ownership structure of Russian firms during the 1998-2006 period, where a greater emphasis is placed on motivations behind increased government ownership in the latter years, when oligarchs' opportunistic influence on the firm diminished as state ownership correspondingly increased. As this phenomenon is also correlated with improved corporate growth during the period, I argue that state participation in corporate governance acted as an effective substitute mechanism to constrain wealth-tunnelling behaviour of corporate insiders and local bureaucrats in a country defined by a weak property rights system. © 2012 Springer-Verlag.

Citation

Vanteeva, N. (2012). The Re-Emerging Role of the State in Contemporary Russia. Transition Studies Review, 19(1), 23-34. https://doi.org/10.1007/s11300-012-0227-5

• Journal Article Type: Article
• Publication Date: Sep 1, 2012
• Deposit Date: Apr 28, 2015
• Publicly Available Date: May 7, 2016
• Journal: Transition Studies Review
• Print ISSN: 1614-4007
• Electronic ISSN: 1614-4015
• Publisher: Springer Verlag
• Peer Reviewed: Peer Reviewed
• Volume: 19
• Issue: 1
• Pages: 23-34
• DOI: https://doi.org/10.1007/s11300-012-0227-5
• Keywords: state co-ownership, corporate governance, Russia, G32, P26, P27
• Public URL: https://uwe-repository.worktribe.com/output/944667
• Publisher URL: http://dx.doi.org/10.1007/s11300-012-0227-5
• Related Public URLs: http://link.springer.com/journal/11300
• Additional Information: Additional Information : The final publication is available at Springer via: http://dx.doi.org/10.1007/s11300-012-0227-5