Moser Nat

Histoire mondiale de l’énergie
January 2016
Titre Ouvrage:
Ownership and enterprise performance in the Russian oil industry
Post-Communist Economies, Volume 28, Number 1
pp. 72-86

This article 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 article 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.