Download or read book Big Business In Russia written by Jonathan A. Grant and published by University of Pittsburgh Pre. This book was released on 2010-11-23 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jonathan A. Grant has written a highly original study of the Putilov works—the most famous industrial conglomerate in the Russian Empire during the late nineteenth and early twentieth centuries. With the emergence of a capitalist system in the Russian federation in the 1990s, scholarly debate over the nature of Russian capitalism has been revived, and with this study, Grant issues a major challenge to the conventional wisdom on the nature of the Russian economy in the years before the Bolshevik revolution. Grant argues that the Putilov Company, which manufactured arms for the Russian state and a wide range of heavy industrial equipment for civilian use, adopted business practices that resembled the experiences of large machinery and armaments manufacturers in Britain, France, the Austro-Hungarian Empire, and Germany. This interpretation runs directly counter to the traditional and widely held view that Russian capitalism was shaped by the tsarist state's orders and subsidies and that the tsarist system was incompatible with the development of modern capitalism. Grant makes direct comparisons between Putilov and the famous western firm of Krupp and Vickers, illustrating similar business decisions made by both companies in terms of diversification of the product line and a penchant for private (as opposed to state) markets for primary income. Grant has gone beyond Soviet works on the Putilov plant, examining archival documents of the company and offering critical comments on both Soviet and Western scholarship on Russian economic and social history from the perspective of this important industrial enterprise. Grant not only repeatedly demonstrates that the Putilov firm responded effectively to the changing market for its wide range of industrial products but also shows that the tsarist regime provided far more of the "systemic regularity" needed for capitalist development than generally believed. Grant's work is a significant contribution to this ongoing debate, offering a much-needed case study of Russian business history and a comparative study that extends across national boundaries. Big Business in Russia is essential reading for graduate students in Russian and European history and will also appeal to American and European business leaders eager to understand the historical background of the current economic challenges facing Russia.

Download or read book The State and Big Business in Russia written by Tina Jennings and published by Routledge. This book was released on 2021-12-28 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a study of the complex relationship between the Russian state and big business during Vladimir Putin’s first two presidential terms (2000–2008). Based on extensive original research, it focuses on the interaction of Russia’s political executive with the ‘oligarchs’. It shows how Putin’s crackdown on this elite group led big business to accept new ‘rules of the game’ and how this was accompanied by the involvement of big business in policy formulation, particularly through the organisational vehicle of the Russian Union of Industrialists and Entrepreneurs (RSPP). It goes on to discuss why Yukos and its CEO Mikhail Khodorkovsky were targeted by Russia’s political authorities and the resultant consequences, namely the end of the relatively successful framework via which state-business relations had been managed, and its replacement by fear and mutual distrust, along with a vastly expanded role for the state, and state-related actors, in the Russian corporate sector. The book explores all these developments in detail and sets them against the context of continued trends towards greater authoritarianism in Russia.

Download or read book Building Big Business in Russia written by Yuko Adachi and published by Routledge. This book was released on 2013-09-05 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of big business in Russia since the onset of market oriented reform in the early 1990s. It explains how privatized post-Soviet enterprises, many of which made little sense as business units, were transformed into functional firms able to operate in the environment of a market economy. It provides detailed case studies of three key companies – Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel – all of which played a key role in Russia’s economic recovery after 1998, describing how these companies were created, run and have developed. It shows how Russian businesses during the 1990s routinely relied on practices not entirely compatible with formal rules, in particular in the area of corporate governance. The book fully explores the critical role played by informal corporate governance practices - such as share dilution, transfer pricing, asset stripping, limiting shareholders access to votes, and 'bankruptcy to order’ - as Russian big business developed during the 1990s. Unlike other studies on Russian corporate governance, this book highlights the ambiguous impact of informal corporate governance practices on the companies involved as commercial entities, and suggests that although their use proved costly to Russia’s business reputation, they helped core groups of owners/managers at the time to establish coherent business firms. Overall, the book shows that we cannot understand the nature of current economic changes in Russia without recognising the crucial role played by informal corporate governance practices in the creation and development of big business in post-Soviet Russia.

Download or read book Business And State In Contemporary Russia written by Peter Rutland and published by Routledge. This book was released on 2018-02-23 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business and the State in Contemporary Russia is the most recent volume in the John M. Olin Critical Issues series, published by Westview in conjunction with Harvard's Davis Center for Russian Research. In this latest installation, contributors discuss issues as far-ranging as the dynamics of rule in contemporary Russia, the banking elite, the politics of the Russian media business, the political economy of the Russian oil and coal industries, and the causes and consequences of the August 1998 crash.

Download or read book Russian Business Power written by Andreas Wenger and published by Routledge. This book was released on 2006-10-03 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the collapse of the Soviet Union, Russia has developed a powerful business community and a potent network of transnational organized groups. Russian Business Power explores the powerful impact these new actors are having on the evolution of the Russian state and its foreign behaviour. Unlike other books, which focus either on Russia's foreign and security policy, or on the evolution of Russian business, legal and illegal, within the context of Russia's domestic transition, this book considers how far Russia's foreign and security policy is shaped by business. It considers a wide range of issues, including energy, the arms trade, international drug flows, and human trafficking, and examines the impact of Russian business in Russia's dealings with Western and Eastern Europe, the Caspian, the Caucasus and the Far East.

Download or read book American Business Centers in Russia and the New Independent States written by and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance of State Owned Companies in Russia written by Rustam Rizvanov and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia plays an increasingly important role in the world economy and politics. It is the world's largest country with immense natural resources, which help Russian government to attract foreign investors and shape European as well as global geopolitical agenda. Its economy has undergone crucial changes from the Soviet central-planning model towards the market-based economy just within two decades. Today, Russia is still considered one of the grey areas for the foreign investors on the world map, as its political and economic system are still in transition and bear significant risks for investors. One of the unique features of the Russian economy, which distinguishes it from the more developed Western countries, is the high State involvement in the economy through ownership in the largest companies in the country. Although, these State-Owned Companies are responsible for the substantial part of country's GDP, there has been limited amount of research on corporate governance of such companies. In order to narrow this gap, the goal of this Thesis is to discover and analyse corporate governance system and standards applied by the State-Owned Companies in Russia and compare them with the available best practices. In order to do so, Hilb's New Corporate Governance (2012) model has been chosen as a main theoretical framework of analysis. Findings of the survey and research conducted by the author show that Russian State-Owned Companies have already implemented compliant corporate governance systems, which to the certain extent enable the proper oversight of the company. Nevertheless, after comparing these systems with best practices available in the literature, the main conclusion of conducted analysis was that, although the significant progress has already been achieved, there is still plenty of room for improvement and refinements which can enhance effectiveness and overall quality of the corporate governance systems observed in the R.

Download or read book Sales Business in Russia An Analysis of the Russian Market and the Russian Culture written by Alexander Liebschner and published by GRIN Verlag. This book was released on 2016-11-17 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2014 in the subject Business economics - Miscellaneous, grade: 1,0, University of Applied Sciences Leipzig, course: International Strategy and Sales Management, language: English, abstract: The objective of this paper is to inform and sensitise the reader in terms of doing sales business in Russia. The reader shall understand the challenges and opportunities the Russian market has to offer as well as the meaningfulness of regarding the cultural aspects in doing business. Belonging to the rising BRIC states Russia witnessed huge invests of foreign countries within the last years. This does not surprise because this country has enormous potentials: Primary materials, labour force, a large and growing demand of consuming and a great demand of infrastructure and modern industry. Throughout western countries Germany has an advantage in doing business in Russia. Due to history and the geographical situation Germany is traditionally a bit closer to it and there are still people speaking Russian. Anyway some companies fail on the Russian market. The cause of this is often the wrong mindset: A takeover of concepts and approaches from known markets to a new country especially to Russia is very likely to fail. It is a matter of common knowledge that business strategy is based and adapted from military. Instead of the opponent there is the business partner. Fight is the competition on the market for customers. Thus the author refers to a famous quote describing the intention of the current paper. Sun Tzu, the well-known general, strategist and philosopher of ancient China announced: “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.” The author applies the following methodology: In the first part the development of the Russian market within the last years is stated. Risks and opportunities are evaluated as a requirement to elaborate the possibilities how to do sales business in Russia within the following part. Each of the two parts are supported by a current case example of German Companies which entered the Russian market. Thereafter the focus is set on cultural aspects. The author approaches the topic by using cultural dimensions of the scientists Geert Hofstede and Edward T. Hall. In the last chapter the gathered knowledge is transformed and concluded to recommendations for doing sales business in Russia.

Download or read book Corporate Governance in Russia written by Alla Dementieva and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-12-16 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores discussions and practice around corporate governance in Russia from the early 1990s until 2018. It covers three major aspects of corporate governance theory and practice: a vision of corporate governance in Russia in the context of global trends and challenges, the general perception of corporate governance in Russia, and the real nature of Russia’s corporate community from the viewpoint of its corporate governance practices. It provides a unique complex analysis and detailed description of how corporate governance has been perceived by both Russian regulators and the business community, and how it has been applied in Russian companies. This analysis covers the period of over 25 years: from early attempts at directing transfer and implanting the Western model of corporate governance to the nascent Russian big private business, up to the period of resurgence of the state as the dominant player both in Russian society and its economy at large. It gives an understanding of what corporate governance is in Russia in the days of "sovereign democracy" and confrontation with the West. It explains how cultural, political, economic and institutional factors have shaped corporate governance in Russia. The authors provide insights into such aspects of Russian corporate governance framework and practices as regulatory philosophy and enforcement, ownership structure, the role of the state, the impact of unfriendly domestic business climate, how the value of corporate governance is perceived in Russian context, etc. Predominantly, the book paints an interesting picture of how the "sovereign corporate governance" model has been shaped in Russia. This book will be useful not just for experts in corporate governance and investors, but also for those who have an interest in modern Russia at large.

Download or read book Bourgeoisie State and Democracy written by Graeme Gill and published by OUP Oxford. This book was released on 2008-05-15 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the key questions in social science is the role of the bourgeoisie in creating a democracy. An important issue in contemporary international politics is the trajectory of the current Russian political system. This book brings these questions together by exploring the role played by the bourgeoisie in shaping political outcomes in five countries: contemporary Russia, and industrial revolution Britain, France, Germany and the USA. Its main focus is the way the different new business classes have been integrated into the political system, and the implications this had for the political trajectories of the respective countries. The contemporary Russian experience is thrown into relief by comparison with the national experiences of the other four countries, enabling conclusions to be drawn about both the general question of the historic role of this class in democratisation and the more specific question of its role in Russia today.

Download or read book Democracy Civic Culture and Small Business in Russia s Regions written by Molly O'Neal and published by Routledge. This book was released on 2015-08-20 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book adopts a novel analytical approach to understanding how Russia's stalled democratisation is related to the incomplete liberalisation of the economy. Based on extensive original comparative study of Russia’s regions, the book explores the precise channels of interaction that create the mutuality of property rights, entrepreneurship, rule of law, norms of citizenship and liberal democracy. It demonstrates that the extent of democratisation varies across regions, and that this variation is connected to the extent of liberalisation of the economy. Moreover, it argues that the key factor in producing this linkage is the relative prominence of small business owners and their supporters in articulating their interests vis-à-vis regional and local administrations, especially through the institutionalisation of networks and business associations. The book develops its key theses by means of detailed analysis of the experiences of four case study regions. Overall, the book provides a major contribution to understanding the path of democratisation in Russia.

Download or read book Building Big Business in Russia written by Yuko Adachi and published by Routledge. This book was released on 2013-09-05 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of big business in Russia since the early 1990s, explaining how post-Soviet enterprises - many of which made little sense as business units - were restructured into functional firms. It includes detailed case studies of three leading companies: Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel.

Download or read book The Piratization of Russia written by Marshall I. Goldman and published by Routledge. This book was released on 2003-04-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.

Download or read book Doing Corporate Business in Russia written by Anna Vlasova and published by Routledge. This book was released on 2017-10-19 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right to do business in Russia is granted by the Constitution of the Russian Federation, which states that everyone shall have the right to freely use his or her abilities and property for entrepreneurial or any other economic activity not prohibited by the law. In the Russian Civil Code, business activity is understood as an independent activity, performed at one’s own risk, aimed at systematically deriving profit from the use of the property, the sale of commodities, the performance of work, or the rendering of services by the persons registered in this capacity in conformity with the law-established procedure. Doing Corporate Business in Russia attempts to examine not only the theoretical aspects of Russian business procedures, but also the specific nature of their implementation. This book offers an examination of the process of establishing, functioning, and terminating various types of business corporations in the Russian Federation and gives readers a thorough understanding of business in Russia. It clarifies the legal features of management and interaction with contractors and public authorities. It also touches upon the issues of legal linguistics and its role in legal practice. Knowledge in this field enables the reader to get a sense of the correct interpretation of the content of legal documents, proper definitions of terms, and of the potential violations of the rights of business entities based on improper understanding of normative language. The book will be useful to scientists and practicing lawyers, students, and anyone interested in the specifics of corporate business entities and the Russian business climate.

Download or read book Economy Market the State written by Лев Семенович Черной and published by . This book was released on 2002 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book State Business Relations and Improvement of Corporate Governance in Russia written by Andrei A. Yakovlev and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we analyze the influence of the state on the improvement of corporate governance in Russia of the early 2000s. Taking into account the low quality of market institutions in the 1990s (i.e., the market failure phenomenon), we assume that state intervention as the “second best” institution had a positive impact in this case. Using a dataset of 822 joint-stock companies, we tested this hypothesis in two types of corporate models - state-owned or mixed firms and “politically connected” firms. The first model confirmed a strong positive influence of state ownership on the corporate governance in Russia in 2001-2004. The estimation results of this model are statistically robust in different specifications. We connect this result with attempts of the Russian government to use standard mechanisms and procedures of corporate governance to defend its property rights in its relations with state-owned and mixed enterprises.

Download or read book Kremlin Capitalism written by Joseph R. Blasi and published by Cornell University Press. This book was released on 2018-10-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not previously available in this country. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the serious problem of corporate governance in the new private businesses. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in the cities, towns, and villages of fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.What really happened when Russia privatized its economy? The Kremlin brokered the initial struggle among different interest groups eager to claim a portion of Russian property: workers, managers, the Mafia, the old Soviet bureaucracy, regular citizens, entrepreneurs, Russian banks, and foreigners. While competing with one another, all struggled to free themselves from seventy years of Communist economic culture. Four years after the process began, have large companies learned to offer goods and services profitably and pay dividends to shareholders? Individual stories come alive as the book explores problems Russians face in structuring a new economic system, defining the ownership and governance of thousands of corporations one by one. Russian economic practices are being forged in the heat of fierce political struggles between resurgent Communists and nationalists and old Soviet managers, on the one hand, and more liberal elements of its infant democratic system on the other. Whether a few big conglomerates and the powerful banks and holding companies from Soviet days will dominate the new Russian economy to the exclusion of most citizens remains to be seen.Many questions persist. How will billions of dollars of capital be raised to retool, restructure, and reorient the heart and soul of Russia's economy? Will open stock markets stimulate a new economic order or will that new order be imposed through strong state supports and subsidies? What role will be played by shadowy conglomerates that are trying to shape a disorganized economy into something resembling the old Soviet system? The authors note the paradox of a capitalism conceived, designed, implemented, and evaluated by the Kremlin when one aim of reform is to allow market forces to play freely. Kremlin Capitalism asks whether rapid privatization has catalyzed or complicated the transition to a more liberal political and economic system, a question that will reverberate for decades.