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Transition Strategies of Former State-Owned Enterprises in Russia

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  • Gary Krueger

Abstract

This paper examines ownership status, governance structure and survival strategies using interview data collected from managers of 34 former state-owned enterprises (FSOEs) in 4 cities in 1994 and 1995. Interview evidence indicates that a year after the conclusion of voucher privatization, many FSOEs are becoming increasingly aggressive and sophisticated, rapidly implementing long-term competitive strategies. FSOEs that were privatized earlier and with more concentrated ownership, that is, better governance structures, are far more likely to undertake significant structural changes in their operations that greatly enhance their survival chances.

Suggested Citation

  • Gary Krueger, 1995. "Transition Strategies of Former State-Owned Enterprises in Russia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 37(4), pages 89-109, December.
    • Handle: RePEc:pal:compes:v:37:y:1995:i:4:p:89-109
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    Cited by:

    1. Filatotchev, Igor & Wright, Mike & Uhlenbruck, Klaus & Tihanyi, Laszlo & Hoskisson, Robert E., 2003. "Governance, organizational capabilities, and restructuring in transition economies," Journal of World Business, Elsevier, vol. 38(4), pages 331-347, November.
    2. Filatotchev, Igor & Wright, Mike & Buck, Trevor & Zhukov, Vladimir, 1999. "Corporate entrepreneurs and privatized firms in russia, ukraine, and belarus," Journal of Business Venturing, Elsevier, vol. 14(5-6), pages 475-492.
    3. Estrin, Saul & Wright, Mike, 1999. "Corporate Governance in the Former Soviet Union: An Overview," Journal of Comparative Economics, Elsevier, vol. 27(3), pages 398-421, September.
    4. Klaus Uhlenbruck & Klaus E. Meyer & Michael A. Hitt, 2003. "Organizational Transformation in Transition Economies: Resource‐based and Organizational Learning Perspectives," Journal of Management Studies, Wiley Blackwell, vol. 40(2), pages 257-282, March.

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