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Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012


  • Nat Moser

    (UCL School of Slavonic and East European Studies)


This paper examines enterprise performance in Russian oil companies between 1992 and 2012. The analysis is based upon longitudinal trend output data, and distinguishes between four different types of owners - outsider private, insider private, federal state and regional state. In comparison with previous studies which considered just 1999-2004, and identified outsider private companies as the best performers, this paper finds that over the longer period 1992-2012 federal state and insider private owned companies actually performed best. The explanation for this relates to ‘institutions’ and the business environment.

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  • Nat Moser, 2015. "Ownership and Enterprise Performance in the Russian Oil Industry 1992-2012," UCL SSEES Economics and Business working paper series 133, UCL School of Slavonic and East European Studies (SSEES).
  • Handle: RePEc:see:wpaper:2015:133

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    1. Suma S. Athreye, 2005. "The Indian software industry and its evolving service capability," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 14(3), pages 393-418, June.
    2. Aghion, Philippe & Akcigit, Ufuk & Howitt, Peter, 2014. "What Do We Learn From Schumpeterian Growth Theory?," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 0, pages 515-563, Elsevier.
    3. Daniele Archibugi & Francesco Crespi & Mario Denni & Andrea Filippetti, 2009. "The Technological Capabilities of Nations: A Survey of Composite Indicators," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, May.
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