The Investment Behaviour of Russian Farms

Raushan Bokusheva (), Vladislav Valentinov and Viktoriya Anpilogova

Post-Communist Economies, 2007, vol. 19, issue 1, 53-71

Abstract: This article analyses determinants of the investment behaviour of Russian farms during the period of economic stabilisation after the 1998 financial crisis. We argue that the performance and investment activity of Russian farms are significantly affected not only by the macroeconomic and institutional environment but also by the farm's individual characteristics. Our empirical analysis confirms that farm investment decisions are determined by farm idiosyncrasies. The farm's managerial competence and organisational learning are found to have the greatest impact.

Date: 2007
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DOI: 10.1080/14631370601163194

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