IDEAS home Printed from
   My bibliography  Save this article

Russian Firms in Transition: Champions, Challengers and Chaff*


  • Susan J Linz


This paper evaluates the survival potential of Russian firms. First, a composite measure of survival potential is developed using select characteristics of the firm, the firm's management, and the market structure faced by the firm. The measure is applied to 51 Russian firms, based on in-depth interviews with top-level managers of manufacturing, trade and other organizations conducted in 1995 in Moscow, Volgograd, Rostov and Taganrog. Using arbitrarily assigned weights for each element in the composite measure and a straight scale for categorizing firm performance, ten percent of the firms emerge as champions, more than fifty percent emerge as chaff. Second, two different proxies are used as a measure of survival potential, and the relative importance of firm, management and market structure characteristics is estimated. The weights are adjusted in the composite measure to reflect the regression results. The results indicate that survival potential is not driven by ownership structure, firm size, or the presence of monopoly power.

Suggested Citation

  • Susan J Linz, 1997. "Russian Firms in Transition: Champions, Challengers and Chaff*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 39(2), pages 1-36, July.
  • Handle: RePEc:pal:compes:v:39:y:1997:i:2:p:1-36

    Download full text from publisher

    File URL:
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.

    File URL:
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Ericson, Richard E., 2000. "A posztszovjet gazdasági rendszer Oroszországban: ipari feudalizmus? [The post-Soviet economic system in Russia: industrial feudalism?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 23-40.
    2. 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.
    3. Lau, Chung Ming & Bruton, Garry D., 2011. "Strategic orientations and strategies of high technology ventures in two transition economies," Journal of World Business, Elsevier, vol. 46(3), pages 371-380, July.
    4. Buck, Trevor, 2003. "Modern Russian corporate governance: convergent forces or product of Russia's history?," Journal of World Business, Elsevier, vol. 38(4), pages 299-313, November.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:39:y:1997:i:2:p:1-36. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Springer Nature Abstracting and Indexing). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.