Firm performance and regional economic freedom: the case of Russia

Anna Bykova and Dennis Coates

Post-Soviet Affairs, 2020, vol. 36, issue 5-6, 395-415

Abstract: This study investigates whether the economic freedom of a region drives firm performance. Despite the large number of papers about the relationship between economic freedom and growth, there is still little evidence on the role of economic freedom in the performance of individual firms. We address this gap in the literature using hierarchical linear modeling, allowing us to investigate regional differences in company-level performance. The dataset consists of information about 1,096 companies combined with the Index of Economic Freedom for Russian regions during the period 2004–2014.

Date: 2020
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DOI: 10.1080/1060586X.2020.1785239

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