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The births, lives, and deaths of corporations in late Imperial Russia

Amanda Gregg () and Steven Nafziger

No 26/2020, BOFIT Discussion Papers from Bank of Finland, Institute for Economies in Transition

Abstract: Enterprise creation, destruction, and evolution support the transition to modern economic growth, yet these processes are poorly understood in industrializing contexts. We investigate Imperial Russia’s industrial development at the firm-level by examining entry, exit, and persistence of corporations. Relying on newly developed balance sheet panel data from every active Russian corporation (N > 2500) between 1899 and 1914, we examine the characteristics of entering and exiting corporations, how new entrants evolved, and the impact of founder identity on subsequent outcomes. Russian corporations operated flexibly and competitively, conditional on overcoming distortionary institutional barriers to entry that slowed the emergence of these leading firms in the Imperial economy.

JEL-codes: L11 N13 N63 O16 (search for similar items in EconPapers)
Date: 2020-12-14
New Economics Papers: this item is included in nep-cis, nep-ent and nep-his
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