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Ownership, Competition and Enterprise Performance


  • Saul Estrin

    () (Centre for New and Emerging Markets, London Business School, Regent's Park, London NW1 4SA, UK.)

  • Manuela Angelucci

    () (University College of London, Gower Street, London WC1E 6BT, UK.)


The literature suggests that competitive forces should be an important element in improving enterprise performance in transition economies, especially when combined with private ownership. However, empirical evidence on these issues for Russia has as yet not been convincing. Our findings are consistent with the literature in being unable to identify clear differences in performance between insider- and outsider-owned firms. However, we do find evidence that competitive pressures influence qualitative indicators of managerial activity, including deep restructuring and investment intentions. Comparative Economic Studies (2003) 45, 173–191. doi:10.1057/palgrave.ces.8100009

Suggested Citation

  • Saul Estrin & Manuela Angelucci, 2003. "Ownership, Competition and Enterprise Performance," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 45(2), pages 173-191, June.
  • Handle: RePEc:pal:compes:v:45:y:2003:i:2:p:173-191

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    Cited by:

    1. 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.
    2. Claessens, Stijn & Yurtoglu, B. Burcin, 2013. "Corporate governance in emerging markets: A survey," Emerging Markets Review, Elsevier, vol. 15(C), pages 1-33.
    3. Kononkova, Natalia, 2013. "New privatization: new risks," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 46-58, December.

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