首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Privatization, insider control and managerial entrenchment in Russia
Authors:Igor Filatotchev  Mike Wright  & Michael Bleaney
Institution:University of Nottingham Business School, Nottingham, UK,;School of Economics, University of Nottingham, Nottingham, UK
Abstract:This paper provides new survey evidence on managerial entrenchment and the role of outsiders in the post-privatization restructuring of Russian enterprises. The major findings are that managers are hostile towards outside ownership, and they effectively collude with other employees to preserve insider control. The paper also provides empirical evidence that the gradual accumulation of shares by managers is not based only on a profit motive, but is also driven by their efforts to preserve insider control. The issues raised have relevance to other transition economies where the privatization process has encouraged insider control, such as Ukraine and Belarus.
Keywords:privatization  insider control  Russia
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号