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Privatization Versus Competition: Changing Enterprise Behavior in Russia

Author

Listed:
  • John S. Earle
  • Saul Estrin

Abstract

We investigate whether competitive forces and privatization have yet began to play an efficiency-enhancing role in Russia. We also explore the economic effects of harder budget constraints on enterprise behavior. The empirical work is based on a large enterprise panel of Russian firms 1990-94, representing around 10% of Russian manufacturing output. We conclude that privatization is having an impact on enterprise efficiency and restructuring but domestic market structure and harder budget constraints for the most part are not. Intriguingly, Russian firms are found to be sensitive to the degree of import penetration.

Suggested Citation

  • John S. Earle & Saul Estrin, 1997. "Privatization Versus Competition: Changing Enterprise Behavior in Russia," William Davidson Institute Working Papers Series 70, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:1997-70
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    Cited by:

    1. Helena Hannula, 2001. "Restructuring of the Estonian economy and the role of FDIs in it," University of Tartu - Faculty of Economics and Business Administration, in: Foreign Direct Investments in the Estonian Economy, volume 9, chapter 3, pages 91-174, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    2. Yurii Perevalov & Ilya Gimadii & Vladimir Dobrodei, 2000. "Does Privatisation Improve Performance of Industrial Enterprises? Empirical Evidence from Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 337-363.
    3. Hamilton, Calumn & de Vries, Gaaitzen J., 2025. "The structural transformation of transition economies," World Development, Elsevier, vol. 191(C).
    4. Alan Bevan & Saul Estrin & Mark E. Schaffer, 1999. "Determinants of Enterprise Performance during Transition," CERT Discussion Papers 9903, Centre for Economic Reform and Transformation, Heriot Watt University.
    5. Blinova Tatiana & Rusanovsky Victor, 2002. "Economic Policy, Industrial Structure, and Unemployment in Russia's Regions," EERC Working Paper Series 01-06e, EERC Research Network, Russia and CIS.
    6. Bartosz Gębka, 2014. "Ownership structure, monitoring, and market value of companies: evidence from an unusual privatization mode," International Review of Applied Economics, Taylor & Francis Journals, vol. 28(5), pages 586-610, September.
    7. repec:eee:labchp:v:3:y:1999:i:pb:p:2809-2857 is not listed on IDEAS
    8. Zorica Kalezić, 2015. "Ownership Concentration and Firm Performance in Transition Economies: Evidence from Montenegro," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 4(3), pages 5-64.
    9. Irina Akimova & Gerhard Schwödiauer, 2000. "Restructuring Ukrainian enterprises after privatization: Does ownership matter?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(1), pages 48-59, March.
    10. Claessens, Stijn & Djankov, Simeon, 1999. "Ownership Concentration and Corporate Performance in the Czech Republic," Journal of Comparative Economics, Elsevier, vol. 27(3), pages 498-513, September.
    11. Blinova, Tatiana V., 2002. "Rural Development and Unemployment Reduction," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24821, European Association of Agricultural Economists.
    12. Helena Hannula & Katrin Tamm, 2002. "Restructuring And Efficiency In The Estonian Manufacturing Industry: The Role Of Foreign Ownership," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 15, Faculty of Economics and Business Administration, University of Tartu (Estonia), revised 2003.
    13. Svejnar, Jan, 1999. "Labor markets in the transitional Central and East European economies," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 42, pages 2809-2857, Elsevier.
    14. J. David Brown & John S. Earle, 2000. "Competition and Firm Performance: Lessons from Russia," William Davidson Institute Working Papers Series 296, William Davidson Institute at the University of Michigan.
    15. Stefan Bojnec & Ana Xavier, 2004. "Entry and exit in transition economies: the Slovenian manufacturing sector," Post-Communist Economies, Taylor & Francis Journals, vol. 16(2), pages 191-214.
    16. Estrin, Saul & Konings, Jozef & Angelucci, Manuela & Zólkiewski, Zbigniew, 2001. "The Effect of Ownership and Competitive Pressure on Firm Performance in Transition Countries," CEPR Discussion Papers 2985, C.E.P.R. Discussion Papers.
    17. Brown, J David & Earle, John, 2001. "Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data," CEPR Discussion Papers 2758, C.E.P.R. Discussion Papers.
    18. Mr. Alexander Pivovarsky, 2001. "How Does Privatization Work? Ownership Concentration and Enterprise Performance in Ukraine," IMF Working Papers 2001/042, International Monetary Fund.
    19. Rumen Lazarov, 2001. "The Innovative Activity of the Companies (After the Model of Pleven, Lovech, Veliko Tarnovo and Gabrovo Districts)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 132-158.
    20. Sophie Brana & Mathilde Maurel & Jérôme Sgard, 1999. "Enterprise Adjustment and the Role of Bank Credit in Russia: Evidence from a 420 Firms Qualitative Survey," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 41(4), pages 47-69, December.
    21. Irina Akimova & Gerhard Schwödiauer, 1999. "Restructuring of Ukrainian Enterprises after Privatization: Does Ownership Structure Matter?," Industrial Organization 9903003, University Library of Munich, Germany.
    22. Klishevich, Daria & Panibratov, Andrei, 2024. "The omnipresence of the state and its effect on the internationalization of companies: The Russian variety of state capitalism," Journal of International Management, Elsevier, vol. 30(4).
    23. Blinova, Tatiana & Rusanovsky, Victor, 2002. "Economic policy and unemployment in Russia´s regions," ERSA conference papers ersa02p234, European Regional Science Association.
    24. Alexander Eickelpasch & Tatjana Ribakova, 1997. "Restructuring and Competition Strategies of Privatised Enterprises in East Germany: What Lessons for Russia?," Discussion Papers of DIW Berlin 157, DIW Berlin, German Institute for Economic Research.

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    Keywords

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    JEL classification:

    • P00 - Political Economy and Comparative Economic Systems - - General - - - General
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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