The Russian corporation: patterns of behavior during the crisis
Andrei Yakovlev (y_andrei@mail.ru),
Yuri Simachev and
Yuri Danilov
No 100, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)
Abstract:
This paper considers the behavior patterns of Russian firms before and during the financial crisis of 2008-2009. To facilitate comparison, we define three main groups of actors at the firm level in the Russian economy – large, politically connected companies; mid-size firms that expanded in the 2000s with the help of administrative support, and successful mid-size firms driven by market factors. Many of the large companies practiced highly risky financial policy and experienced a decrease in efficiency before the crisis, and the managers and owners of some Russian firms have been engaging in opportunistic behavior during the crisis; the forms and causes of this behavior are analyzed here. We conclude by proposing some policy implications with emphasis on supporting successful mid-size firms driven by market factors.
Keywords: Patterns of firm behavior; the Russian economy; the economic crisis; large companies; mid-size firms; opportunistic behavior (search for similar items in EconPapers)
Date: 2009-10
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Journal Article: The Russian corporation: patterns of behaviour during the crisis (2010) 
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:100
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