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Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012

Moser, N; (2015) Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012. (Economics and Business Working Papers 133). Centre for Comparative Economics (CCE), UCL SSEES: London, UK. Green open access

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Abstract

This paper examines enterprise performance in Russian oil companies between 1992 and 2012. The analysis is based upon longitudinal trend output data, and distinguishes between four different types of owners - outsider private, insider private, federal state and regional state. In comparison with previous studies which considered just 1999-2004, and identified outsider private companies as the best performers, this paper finds that over the longer period 1992-2012 federal state and insider private owned companies actually performed best. The explanation for this relates to ‘institutions’ and the business environment.

Type: Working / discussion paper
Title: Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ucl.ac.uk/ssees/publishing/economics-an...
Language: English
Additional information: Economics and Business Working Paper No.133
Keywords: Russia, oil industry, enterprise performance, institutions, economy
URI: https://discovery.ucl.ac.uk/id/eprint/1462319
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