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Privatization 30 years later: scope and efficiency of the public sector
[Приватизация 30 Лет Спустя: Масштабы И Эффективность Государственного Сектора]

Author

Listed:
  • Radygin, Alexander (Радыгин, Александр)

    (The Russian Presidential Academy of National Economy and Public Administration, Gaidar Institute for Economic Policy)

  • Entov, Revold (Энтов, Револьд)

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

  • Chernova, Maria (Чернова, Мария)

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

  • Abramov, Alexander (Абрамов, Александр)

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

  • Malginov, Georgiy (Мальгинов, Георгий)

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

Abstract

The authors, on the basis of a brief historical excursion, analyze the current priorities of Russian privatization. The report assesses the size of the public sector and the feasibility of privatizing certain large Russian companies with state participation in the context of sanctions. It is shown that the consolidated financial characteristics of companies with state participation, as a rule, are worse than those of private companies and foreign competitors, and the total return on the shares of the former is less than the minimum market return on shares. The empirical part of the report is based on a sample of 265 largest private and state-owned Russian companies for which public financial reporting is available.

Suggested Citation

  • Radygin, Alexander (Радыгин, Александр) & Entov, Revold (Энтов, Револьд) & Chernova, Maria (Чернова, Мария) & Abramov, Alexander (Абрамов, Александр) & Malginov, Georgiy (Мальгинов, Георгий), 2019. "Privatization 30 years later: scope and efficiency of the public sector [Приватизация 30 Лет Спустя: Масштабы И Эффективность Государственного Сектора]," Published Papers 021904, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:021904
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    References listed on IDEAS

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    Keywords

    privatization; state property; companies with state participation; privatization program; sanctions;
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