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The Amazing Universe of Russian Multinationals: New Insights

Codruța Dura () and Imola Driga ()
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Codruța Dura: University of Petroșani, Romania

Annals of the University of Petrosani, Economics, 2013, vol. 13, issue 2, 51-60

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.

Keywords: Russian multinational companies (MNCs); outward foreign direct investment (OFDI); internationalization strategy; oil & gas companies; CIS countries (search for similar items in EconPapers)
JEL-codes: F20 F23 F63 (search for similar items in EconPapers)
Date: 2013
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