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Economic Analysis: Theory and Practice
 

Does Russia need foreign direct investment? (Comparative analysis of joint-stock companies with and without foreign direct investment)

Vol. 13, Iss. 27, JULY 2014

Available online: 11 July 2014

Subject Heading: INVESTING

JEL Classification: 

Pages: 19-26

Fedorova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation
ecolena@mail.ru

Dreving S.R. Financial University under Government of Russian Federation, Moscow, Russian Federation
drevingsr@mail.ru

Apateeva T.L. Closed JSC Open Electronic Marketplace, Moscow, Russian Federation
apateyeva.tanya@gmail.com

The paper analyzes the efficiency of enterprises with foreign direct investment and without foreign direct investment by the following indicators: average profitability and productivity, company size, industry and ownership. The empirical base for the five-year period amounts to 156 580 companies: 57 250 of them have foreign direct investment and 99 330 have not. The paper reveals that, on average, enterprises with foreign direct investment are more effective than the ones without foreign direct investment; however performance may vary by industry.

Keywords: foreign direct investment, business efficiency, industry specific

References:

  1. Rossiya v tsifrakh, 2013 [Russia in figures, 2013]. Federal State Statistics Service. Available at: Link. (In Russ.)
  2. Khazanovich E.S. Inostrannye investitsii [Foreign investment]. Moscow, KnoRus Publ., 2013, 312 p.
  3. Central Bank of the Russian Federation. Available at: Link. (In Russ.)
  4. Our Products. Bureau Van Dijk. Available at: Link.

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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