The Russian corporation: patterns of behavior during the crisis

Andrei Yakovlev (), 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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