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The Process and Impact of Privatization in Russia and Ukraine

Author

Listed:
  • Trevor Buck

    (University of Nottingham)

  • Igor Filatotchev

    (University of Nottingham)

  • Mike Wright

    (University of Nottingham)

  • Yves van Frausum

    (TACIS Technical Office, Kiev, Ukraine)

Abstract

Differing in pace and scope, privatization in Russia and Ukraine has resulted in insiders usually dominating the ownership structure. Despite following a “giveaway” distribution of shares, Russia more than Ukraine favors outside investors. Russian managers, more so than their Ukrainian counterparts, have assembled larger shareholdings at the expense of other employees. Surveys were conducted of enterprise perceptions to see if either Ukraine corporate governance benefited from a late start, or whether Ukraine provides an example of successful resistance to reform from an old regime, resistance that Russia tried to avoid. The balance of evidence favors the latter.

Suggested Citation

  • Trevor Buck & Igor Filatotchev & Mike Wright & Yves van Frausum, 1996. "The Process and Impact of Privatization in Russia and Ukraine," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 38(2-3), pages 45-69, September.
  • Handle: RePEc:pal:compes:v:38:y:1996:i:2:p:45-69
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    Citations

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    Cited by:

    1. 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.
    2. Saul Estrin, 2002. "Competition and Corporate Governance in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 101-124, Winter.
    3. Ichiro Iwasaki, 2007. "Enterprise Reform And Corporate Governance In Russia: A Quantitative Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(5), pages 849-902, December.
    4. Estrin, Saul & Rosevear, Adam, 1999. "Enterprise Performance and Corporate Governance in Ukraine," Journal of Comparative Economics, Elsevier, vol. 27(3), pages 442-458, September.
    5. Warzynski, Frederic, 2003. "Managerial change, competition, and privatization in Ukraine," Journal of Comparative Economics, Elsevier, vol. 31(2), pages 297-314, June.
    6. Saul Estrin, 2001. "Competition and Corporate Governance in Transition," William Davidson Institute Working Papers Series 431, William Davidson Institute at the University of Michigan.

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