The Impact of Public Administration on the Efficiency of Russian Firms

S. I. Dolgikh and B. S. Potanin ()
Additional contact information
S. I. Dolgikh: National Research University Higher School of Economics
B. S. Potanin: National Research University Higher School of Economics

Studies on Russian Economic Development, 2023, vol. 34, issue 1, 59-67

Abstract: Abstract— The paper evaluates the impact of the state form of ownership on the profitability of the assets of Russian companies. In order to take into account the endogenous formation of ownership, an original combination and modification of econometric analysis methods are used (a new semiparametric regression model is proposed) for data from a sample of 12 000 commercial firms in 12 sectors of the economy, which was taken for 2020. The results of the analysis indicate that state firms are less efficient. At the same time, the gap in the efficiency of public and private companies can be significantly overestimated, if we do not take into account the nonrandom selection into the category of state-owned firms, which, in particular, may be due to the fact that more attractive firms are more likely to be privatized.

Keywords: state ownership; company efficiency; return on equity; endogeneity; nonrandom selection (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1134/S1075700723010045 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sorede:v:34:y:2023:i:1:d:10.1134_s1075700723010045

Ordering information: This journal article can be ordered from
https://www.springer ... nomics/journal/11507

DOI: 10.1134/S1075700723010045

Access Statistics for this article

Studies on Russian Economic Development is currently edited by Viktor V. Ivanter, Dmitrii B. Kuvalin and Galina A. Yaremenko

More articles in Studies on Russian Economic Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().