Ownership dynamics and firm performance in an emerging economy: a meta-analysis of the Russian literature

Ichiro Iwasaki, Satoshi Mizobata () and Alexander Muravyev
Authors registered in the RePEc Author Service: Александр Муравьев

Post-Communist Economies, 2018, vol. 30, issue 3, 290-333

Abstract: This paper provides a meta-analysis of studies on the effect of ownership on the performance of Russian firms over 20 years of rapid institutional and economic changes. We review 29 studies extracted from the EconLit and Web of Science databases with a total of 877 relevant estimates. We find that the government negatively affects company performance regardless of its administrative level. In contrast, private ownership is positively associated with firm performance. However, the effect size and statistical significance are notably varied among different types of private ownership. While the effect of insider (employee and management) ownership is comparable to that of foreign investors, the effect of domestic outsider investors is considerably smaller. Our assessment of publication selection bias reveals that the existing literature does not contain genuine evidence for a series of ownership types and, therefore, some of the findings have certain limitations.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://hdl.handle.net/10.1080/14631377.2018.1442036 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Ownership Dynamics and Firm Performance in an Emerging Economy: A Meta-Analysis of the Russian Literature (2017)
Working Paper: Ownership Dynamics and Firm Performance in an Emerging Economy: A Meta-Analysis of the Russian Literature (2017)
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:taf:pocoec:v:30:y:2018:i:3:p:290-333

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CPCE20

DOI: 10.1080/14631377.2018.1442036

Access Statistics for this article

Post-Communist Economies is currently edited by Roger Clarke

More articles in Post-Communist Economies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().