Management quality, firm performance and market pressure in Russia
AbstractWe investigate whether management quality explains firm performance in Russia. We find that it explains relatively little in terms of firm performance, but it does explain some of the differences between firms in Russia’s Far East and the rest of Russia. While management practices may not yet affect firm performance in a measurable way, they may do so in the future. This conjecture motivates us to look at the determinants of firms’ adoption of good management practices. We find that market pressure, both in the product and the labour market, has some impact on adoption of management practices, in particular in the Far East. It thus appears that the economy in Russia’s Far East may function according to different rules than in the rest of Russia, as market forces seem to be stronger there because the Far East is more exposed to foreign competition than the rest of Russia.
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Bibliographic InfoPaper provided by European Bank for Reconstruction and Development, Office of the Chief Economist in its series Working Papers with number 144.
Length: 29 pages
Date of creation: Apr 2012
Date of revision:
Publication status: Published in Working papers 144, European Bank for Reconstruction and Development
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More information through EDIRC
transition; firm restructuring; open economies;
Find related papers by JEL classification:
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
- P2 - Economic Systems - - Socialist Systems and Transition Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-08-23 (All new papers)
- NEP-CIS-2012-08-23 (Confederation of Independent States)
- NEP-HRM-2012-08-23 (Human Capital & Human Resource Management)
- NEP-TRA-2012-08-23 (Transition Economics)
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