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Agency relations: Russian person (Russia - a country of amateurs?)

Author

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  • Zhdanov, Dmitrij

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

Domestic agency relations developing between the principal and their hired heads, inherit a set of distinctive features associated with the lack of well-established corporate institutions, closure of business, significant influence of specific intangible assets, which is, however, also characteristic of other transition countries. In the present article we present the results of surveys of students at the Presidential Academy of the Russian business executives dedicated to the study of the nature of these relationships in Russian firms. Based on the study offered a model description of identified dependencies, the concept of utility managers and its dependence on the skills and loyalty of the agent, provides guidance on the selection of managers, as well as the rationalization of the organization of the holding type corporations.

Suggested Citation

  • Zhdanov, Dmitrij, 2013. "Agency relations: Russian person (Russia - a country of amateurs?)," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, June.
    • Handle: RePEc:rnp:ecopol:ep1339
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