The Performance of De Novo Private Firms in Russian Manufacturing
This paper considers the current performance and future prospects of newly-established private manufacturing firms in Russia, using information gathered in a mid-1994 World Bank survey of 439 Russian industrial firms, including forty-odd de novo private firms. The paper finds that in terms of most performance indicators, de novo private manufacturing firms look significantly better than their state-owned and privatized counterparts. They are actually growing rather than contracting, operating at higher levels of capacity utilization, expanding employment rapidly, and investing more. Their outlook for future performance is similarly more positive, with higher expectations for growth of output and employment, and more planned investments. In most cases these differences appear to be inherent to the de novo character of the firms and cannot be attributed to their size, location, or the industrial sector in which they operate. The paper concludes with a discussion of the role which these dynamic enterprises are likely to play in the recovery of the Russian economy.
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- Nicolas Barberis & Maxin Boycho & Andrei Shleifer & Natalia Tsukanova, 1995.
"How Does Privatization Work? Evidence from the Russian Shops,"
Harvard Institute of Economic Research Working Papers
1721, Harvard - Institute of Economic Research.
- Barberis, Nicholas & Maxim Boycko & Andrei Shleifer & Natalia Tsukanova, 1996. "How Does Privatization Work? Evidence from the Russian Shops," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 764-790, August.
- Nicholas Barberis & Maxim Boycko & Andrei Shleifer & Natalia Tsukanova, 1995. "How Does Privatization Work? Evidence from the Russian Shops," NBER Working Papers 5136, National Bureau of Economic Research, Inc.
- Barberis, Nicholas & Boycko, Maxim & Shleifer, Andrei & Tsukanova, Natalia, 1996. "How Does Privatization Work? Evidence from the Russian Shops," Scholarly Articles 3451306, Harvard University Department of Economics.
- G. Alfandari & M.E. Schaffer, 1996. ""Arrears" in the Russian Enterprise Sector," CERT Discussion Papers 9608, Centre for Economic Reform and Transformation, Heriot Watt University.
- Q. Fan & U. Lee & M.E. Schaffer, 1996. "Firms, Banks and Credit in Russia," CERT Discussion Papers 9609, Centre for Economic Reform and Transformation, Heriot Watt University.
- M Belka & S Estrin & M Schaffer & I.J. Singh, 1995. "Enterprise Adjustment in Poland: Evidence from a Survey of 200 Private," CEP Discussion Papers dp0233, Centre for Economic Performance, LSE.
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