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From Strategic Companies to Companies with the Objective Function of Ownership

Author

Listed:
  • Gogol, A.

    (Center for Infrastructure Studies, Moscow, Russia
    Association of Corporate Directors and Managers, Moscow, Russia)

  • Starchenko, N.

    (Association of Corporate Directors and Managers, Moscow, Russia)

Abstract

The existing approach to the process of privatization in Russia suggests special procedure of privatization of major state enterprises, which produce goods of strategic importance for defensive potential and security of the state, protection of public morals, health, rights, and legally protected interests of the citizens of the Russian Federation. At the same time, the state sector of economy includes significant number of medium-sized enterprises having unique experience, technologies, and qualified personnel to provide special functions for the economy. In order to improve efficiency of the Russian economy, to mitigate risks of loss of technologies and special competencies, such enterprises have to be identified. The list of enterprises with specific procedure of privatization should be created based on the criteria of fulfillment of special functions in the economy and promoting of critical technologies.

Suggested Citation

  • Gogol, A. & Starchenko, N., 2015. "From Strategic Companies to Companies with the Objective Function of Ownership," Journal of the New Economic Association, New Economic Association, vol. 25(1), pages 184-189.
    • Handle: RePEc:nea:journl:y:2015:i:25:p:184-189
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    File URL: http://www.econorus.org/repec/journl/2015-25-184-189r.pdf
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    References listed on IDEAS

    as
    1. Gogol, A. & Starchenko, N., 2013. "Privatization in Russia - the Third Wave," Journal of the New Economic Association, New Economic Association, vol. 20(4), pages 154-158.
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      More about this item

      Keywords

      privatization; objective function of ownership; critical technologies; industrial policy;
      All these keywords.

      JEL classification:

      • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
      • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
      • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
      • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
      • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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