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Ownership, Competition and Enterprise Performance

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  • Saul Estrin

    ()
    (Centre for New and Emerging Markets, London Business School, Regent's Park, London NW1 4SA, UK.)

  • Manuela Angelucci

    ()
    (University College of London, Gower Street, London WC1E 6BT, UK.)

Abstract

The literature suggests that competitive forces should be an important element in improving enterprise performance in transition economies, especially when combined with private ownership. However, empirical evidence on these issues for Russia has as yet not been convincing. Our findings are consistent with the literature in being unable to identify clear differences in performance between insider- and outsider-owned firms. However, we do find evidence that competitive pressures influence qualitative indicators of managerial activity, including deep restructuring and investment intentions. Comparative Economic Studies (2003) 45, 173–191. doi:10.1057/palgrave.ces.8100009

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 45 (2003)
Issue (Month): 2 (June)
Pages: 173-191

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Handle: RePEc:pal:compes:v:45:y:2003:i:2:p:173-191

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Cited by:
  1. Claessens, Stijn & Yurtoglu, B. Burcin, 2013. "Corporate governance in emerging markets: A survey," Emerging Markets Review, Elsevier, Elsevier, vol. 15(C), pages 1-33.
  2. Ichiro Iwasaki, 2007. "Enterprise Reform And Corporate Governance In Russia: A Quantitative Survey," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 21(5), pages 849-902, December.

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