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Does foreign ownership matter?: The Russian Experience

Yudaeva, Ksenia; Kozlov, Konstantin; Melentieva, Natalia; Ponomareva, Natalia

Description

The paper both compares productivity of Russian firms that have foreign direct investments with productivity of fully domestically owned firms and analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than domestic ones, but productivity of the former is negatively affected by slow progress of reforms in the regions where they operate. It is also found that there are positive spillovers from foreign-owned firms to domestic firms in the...[Show more]

dc.contributor.authorYudaeva, Ksenia
dc.contributor.authorKozlov, Konstantin
dc.contributor.authorMelentieva, Natalia
dc.contributor.authorPonomareva, Natalia
dc.date.accessioned2015-12-13T22:37:46Z
dc.date.available2015-12-13T22:37:46Z
dc.identifier.issn0967-0750
dc.identifier.urihttp://hdl.handle.net/1885/77245
dc.description.abstractThe paper both compares productivity of Russian firms that have foreign direct investments with productivity of fully domestically owned firms and analyses spillovers from foreign-owned firms to domestic firms. Foreign firms are found to be more productive than domestic ones, but productivity of the former is negatively affected by slow progress of reforms in the regions where they operate. It is also found that there are positive spillovers from foreign-owned firms to domestic firms in the same industry, but negative effects on domestic firms that are vertically related to foreign-owned firms. The stock of human capital in regions where foreign firms operate is one of the factors which help domestic firms to benefit from the entry of foreign firms.
dc.publisherBlackwell Publishing Ltd
dc.sourceEconomics of Transition
dc.subjectKeywords: firm ownership; foreign direct investment; productivity; spillover effect; Russian Federation Foreign direct investment; Spillovers
dc.titleDoes foreign ownership matter?: The Russian Experience
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume11
dc.date.issued2003
local.identifier.absfor140207 - Financial Economics
local.identifier.ariespublicationMigratedxPub6143
local.type.statusPublished Version
local.contributor.affiliationYudaeva, Ksenia, Carnegie Endowment for International Peace
local.contributor.affiliationKozlov, Konstantin, Carnegie Endowment for International Peace
local.contributor.affiliationMelentieva, Natalia, New Economic School
local.contributor.affiliationPonomareva, Natalia, College of Asia and the Pacific, ANU
local.bibliographicCitation.issue3
local.bibliographicCitation.startpage15
local.identifier.doi10.1111/1468-0351.00157
dc.date.updated2015-12-11T09:38:31Z
local.identifier.scopusID2-s2.0-0142057052
CollectionsANU Research Publications

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