러시아ㆍ유라시아
연구정보
[경영] The births, lives, and deaths of corporations in late Imperial Russia
러시아 국외연구자료 연구보고서 - Bank of Finland 발간일 : 2020-12-14 등록일 : 2021-02-04 원문링크
Enterprise creation, destruction, and evolution support the transition to modern economic growth, yet these processes are poorly understood in industrializing contexts. We investigate Imperial Russia’s industrial development at the firm-level by examining entry, exit, and persistence of corporations. Relying on newly developed balance sheet panel data from every active Russian corporation (N > 2500) between 1899 and 1914, we examine the characteristics of entering and exiting corporations, how new entrants evolved, and the impact of founder identity on subsequent outcomes. Russian corporations operated flexibly and competitively, conditional on overcoming distortionary institutional barriers to entry that slowed the emergence of these leading firms in the Imperial economy.
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