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New development: State-owned enterprises as powerhouses for innovation—the Russian case

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  • Mikhail Gershman
  • Thomas Thurner

Abstract

There have been many analyses of innovation in Russia’s state-owned enterprises (SOEs) and most conclude that the way forward requires the SOEs to transform into innovation powerhouses. Hence, in 2011, the Russian government set up an ambitious initiative to push innovation in the largest SOEs, which will run until 2020. This initiative has now begun its second phase. Using major case studies, for example Aeroflot and Russian Railways, this article examines the impact of the initiative. Understanding the Russian experience of transforming SOEs provides important lessons for many other emerging economies.

Suggested Citation

  • Mikhail Gershman & Thomas Thurner, 2016. "New development: State-owned enterprises as powerhouses for innovation—the Russian case," Public Money & Management, Taylor & Francis Journals, vol. 36(4), pages 297-302, May.
    • Handle: RePEc:taf:pubmmg:v:36:y:2016:i:4:p:297-302
    DOI: 10.1080/09540962.2016.1162996
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    References listed on IDEAS

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    1. John Vickers & George Yarrow, 1991. "Economic Perspectives on Privatization," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 111-132, Spring.
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    4. Evgeny A. Klochikhin, 2012. "The challenges of fostering innovation: Russia's unstable progress," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 4(6), pages 659-678.
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    Cited by:

    1. Evgeniya Lupova-Henry & Sam Blili & Cinzia Dal Zotto, 2021. "Clusters as institutional entrepreneurs: lessons from Russia," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-27, December.
    2. Olga Guseva & Anastasia Stepanova, 2019. "Startups In Russia: Ownership Vs. Performance," HSE Working papers WP BRP 76/FE/2019, National Research University Higher School of Economics.
    3. Vlasova, Valeriya, 2021. "Industry-science cooperation and public policy instruments utilization in the private sector," Journal of Business Research, Elsevier, vol. 124(C), pages 519-528.

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