Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012

Nat Moser
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Nat Moser: UCL School of Slavonic and East European Studies

No 133, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: This paper 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 paper 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.

Keywords: Oil; Russia (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-cis, nep-eff, nep-ene and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:2015:133

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