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Ownership and enterprise performance in the Russian oil industry, 1992–2012

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  • Nat Moser

Abstract

This article examines enterprise performance in Russian oil companies between 1992 and 2012. The analysis is based upon longitudinal trend output data, and distinguishes between four different types of owners – outsider private, insider private, federal state and regional state. In comparison with previous studies which considered just 1999–2004, and identified outsider private companies as the best performers, this article finds that over the longer period 1992–2012 federal state and insider private-owned companies actually performed best. The explanation for this relates to institutions and the business environment.

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  • Nat Moser, 2016. "Ownership and enterprise performance in the Russian oil industry, 1992–2012," Post-Communist Economies, Taylor & Francis Journals, vol. 28(1), pages 72-86, January.
    • Handle: RePEc:taf:pocoec:v:28:y:2016:i:1:p:72-86
    DOI: 10.1080/14631377.2015.1124555
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    References listed on IDEAS

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    1. Rudiger Ahrend & William Tompson, 2005. "Fifteen Years of Economic Reform in Russia: What has been Achieved? What Remains to be Done?," OECD Economics Department Working Papers 430, OECD Publishing.
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    Cited by:

    1. Evguenia Bessonova & Ksenia Gonchar, 2022. "Can the Growth of Competitive Pressure and Hardening of Budget Constraints Reduce the Efficiency Loss due to State Ownership?," Russian Journal of Money and Finance, Bank of Russia, vol. 81(3), pages 22-53, September.
    2. Ichiro Iwasaki, 2018. "Corporate Governance System and Regional Heterogeneity: Evidence from East and West Russia," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 25(3), pages 391-420, September.

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