From Strategic Companies to Companies with the Objective Function of Ownership

A. Gogol and N. Starchenko
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A. Gogol: Center for Infrastructure Studies, Moscow, Russia
N. Starchenko: Association of Corporate Directors and Managers, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 25, issue 1, 184-189

Abstract: The existing approach to the process of privatization in Russia suggests special procedure of privatization of major state enterprises, which produce goods of strategic importance for defensive potential and security of the state, protection of public morals, health, rights, and legally protected interests of the citizens of the Russian Federation. At the same time, the state sector of economy includes significant number of medium-sized enterprises having unique experience, technologies, and qualified personnel to provide special functions for the economy. In order to improve efficiency of the Russian economy, to mitigate risks of loss of technologies and special competencies, such enterprises have to be identified. The list of enterprises with specific procedure of privatization should be created based on the criteria of fulfillment of special functions in the economy and promoting of critical technologies.

Keywords: privatization; objective function of ownership; critical technologies; industrial policy (search for similar items in EconPapers)
JEL-codes: E60 L21 L33 L52 P21 (search for similar items in EconPapers)
Date: 2015
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