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The Amazing Universe of Russian Multinationals: New Insights

Author

Listed:
  • Codruța Dura

    (University of Petroșani, Romania)

  • Imola Drigă

    (University of Petroșani, Romania)

Abstract

Over the past few years, large multinational companies originating from Russia have shown outstanding performances alongside their road from regional dominance to global leaders. Taking stock of recent approaches in the literature and statistical data released by well-known international organizations, our papers aims to provide some new insights from the amazing universe of Russian multinationals, following the 2008-2009 global economic crisis. The list of the largest multinationals from Russia shows that corporations from oil & gas and metallurgical sector are prevailing, as a consequence of the resource – based character of the Russian economy. Although Russian giants represents a quite heterogeneous class of companies, they do share several common features such as their propel mechanism of expansion on the global business stage (leveraged by the resource-based nature of their home economy), their tendency to invest in the neighboring countries (like Commonwealth of Independent States or East European countries), their modes of entry (through brownfield projects) etc.

Suggested Citation

  • Codruța Dura & Imola Drigă, 2013. "The Amazing Universe of Russian Multinationals: New Insights," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 51-60.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:2:p:51-60
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Russian multinational companies (MNCs); outward foreign direct investment (OFDI); internationalization strategy; oil & gas companies; CIS countries;
    All these keywords.

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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