MATURING STRATEGIES OF RUSSIAN MULTINATIONAL COMPANIES: COMPARISONS WITH CHINESE MULTINATIONALS

Wladimir Andreff ()
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Wladimir Andreff: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: The present chapter first reminds in which circumstances Russian companies grew multinational and then started booming, and how they were muddling through the financial crisis that burst out in 2008; in this respect, they do not compare too bad with MNCs from other transition countries. The geographical and industrial specificities of their expansion abroad are pointed out as well as the major determinants of their outward foreign direst investment (OFDI). In the past decade, their strategies have evolved from total opacity to more transparency and, in some cases have matured enough to get closer to genuine global strategies while their relationships with the Russian government have strengthened. Thus Russian MNCs make up for major pillars of state capitalism in Russia. A comparative assessment with Chinese MNCs shows deeper similarities than differences in spite of the first mover advantage that has benefited to OFDI from China over OFDI from other transition economies, of which Russia.

Keywords: outward foreign direct investment; multinational companies; BRICs; Russia; China (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-cis and nep-cna
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Published in David A. Dyker. World Scientific Reference on Globalisation in Eurasiaand the Pacific Rim, 1, World Scientific and Imperial College Press, pp.77-120, 2015, Foreign investment, 978-981-4447-79-9. ⟨10.1142/9789813140295_0005⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01287431

DOI: 10.1142/9789813140295_0005

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