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State Ownership in the Russian Economy. Part 2. Governance Problems and Performance Effects

Author

Listed:
  • Sprenger, C.

    (State University - Higher School of Economics, Moscow, Russia)

Abstract

This article discusses the objectives and challenges for corporate governance of SOEs in Russia, and provides an international perspective of the performance of SOEs as compared to privately owned companies. Recent trends in the policy and management of state property are described. The problems of corporate governance in Russia are described in an agency perspective, and survey evidence on corporate governance and transparency of Russian SOEs is provided. Particular attention is given to the legal construction of the state corporation. The final section on the performance effects of state ownership summarizes the key contributions in the international economic literature in this field.

Suggested Citation

  • Sprenger, C., 2010. "State Ownership in the Russian Economy. Part 2. Governance Problems and Performance Effects," Journal of the New Economic Association, New Economic Association, issue 7, pages 90-110.
    • Handle: RePEc:nea:journl:y:2010:i:7:p:90-110
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    References listed on IDEAS

    as
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    Cited by:

    1. Vernikov, Andrei, 2017. "The impact of state-controlled banks on the Russian banking sector," MPRA Paper 77155, University Library of Munich, Germany.
    2. Elena Dombrovskaya & Е. Домбровская Н., 2015. "Государственное Предпринимательство: Роль В Экономике И Финансовой Системе России // Public Entrepreneurship: Its Role In The Economy And The Finance System Of Russia," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, issue 1, pages 84-91.
    3. Dolgopyatova, T., 2015. "State Ownership: Quick Privatization or Effective Governance?," Journal of the New Economic Association, New Economic Association, vol. 25(1), pages 178-183.
    4. Sprenger, C., 2012. "Corporate Governance Russia: of First-order Importance," Journal of the New Economic Association, New Economic Association, vol. 13(1), pages 154-157.
    5. Berezinets Irina & Ilina Yulia & Muravyev Alexander, 2011. "Owners, Boards, Managers and the Private Benefits of Control: A Study of Dual Class Stock Firms in an Emerging Market," EERC Working Paper Series 11/12e, EERC Research Network, Russia and CIS.

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    More about this item

    Keywords

    state-owned enterprises; state ownership; nationalization; corporate governance; state corporation; Russia;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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