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Legal Form of Incorporation

In: Organization and Development of Russian Business

Author

Listed:
  • Ichiro Iwasaki

    (Hitotsubashi University)

Abstract

The Russian corporate sector went through a fundamental transition to a capitalist economy triggered by the collapse of the Soviet Union. As of 2005, private corporations accounted for about 65% of the country’s GDP, nearly 88.6% of its industrial production, and about 91.5% of its total employment (EBRD 2005; Rosstat 2007).1 Even though state control over “strategic industries” continues, the overwhelming dominance of state-owned enterprises in the Russian economy is already a thing of the past. In addition, in recent years, there have been a growing number of new market entries by private firms against the background of a remarkable economic recovery, and new small and medium-sized companies led by entrepreneurs of the new generation have been popping up one after another, tapping new markets by filling every niche in the national economy.

Suggested Citation

  • Ichiro Iwasaki, 2009. "Legal Form of Incorporation," Palgrave Macmillan Books, in: Tatiana Dolgopyatova & Ichiro Iwasaki & Andrei A. Yakovlev (ed.), Organization and Development of Russian Business, chapter 3, pages 62-88, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24949-3_4
    DOI: 10.1057/9780230249493_4
    as

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    Cited by:

    1. Iwasaki, Ichiro, 2014. "Global financial crisis, corporate governance, and firm survival:," Journal of Comparative Economics, Elsevier, vol. 42(1), pages 178-211.

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