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Company restructuring in Russia: substance and prospects

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  • S.V.Kartashov

Abstract

Restructuring of Russian companies is considered a form of their adaptation to the new economic environment. The conception of restructuring is taken in regard to Western experience, to its special features in Russian transition and to the case of individual Russian companies. Its specificity in Russia is a need for a sharp upswing in company's economic efficiency and for development of adaptation mechanisms. The adverse influence of economic and institutional factors makes this process in Russia much more difficult and long. Transformation of companies must be started with creation of a new structure and efficient management and improved staff potential. Management restructuring will open ways for larger-scale transformations which will allow Russian companies to be more competitive in the world market.

Suggested Citation

  • S.V.Kartashov, 2001. "Company restructuring in Russia: substance and prospects," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 2, pages 115-127.
    • Handle: RePEc:nos:regioe:2001-2_10
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