Cited by 453Russia and Soviet political economyPost-Communist Economic and Political TransitionCorporate Finance and Governance

The Role of Oligarchs in Russian Capitalism

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Guriev, Sergei, Rachinsky, Andrei·2005·Journal of Economic Perspectives

Abstract

Using a unique dataset, we describe the degree of ownership concentration in Russian economy and its role in shaping economic and political institutions in Russia. In particular, we find that Russian ‘oligarchs’ do control a substantial part of the economy. While the relative weight of their firms in Russian economy is huge, they do not seem to be excessively large by the standards of the global economy where most of them are operating. The oligarchs seem to run their firms more efficiently than other Russian owners controlling for industry, region and size.

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Crossref · 10.1257/0895330053147994

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200 of 223 shown

Cited by

Sorted by citations

Authors
Guriev, S., & Rachinsky, A.
Affiliations
  • New Economic School (RU)
  • An economist at the Centre for Economic and Financial Research, Moscow, Russia.
Venue
Journal of Economic Perspectives
Published
2005-02-01
Volume
19
Issue
1
Pages
131-150
ISSN
0895-3309 (ISSN-L)
OpenAlex
W2133096243
Cited by
453
References
34
Citations by year
2026: 8 · 2025: 11 · 2024: 13 · 2023: 39 · 2022: 17 · 2021: 17 · 2020: 29 · 2019: 21 · 2018: 29 · 2017: 21 · 2016: 22 · 2015: 12 · 2014: 18 · 2013: 21 · 2012: 18
FWCI
179.22
Type
journal article
Language
en
Open access
Locations
  • The Journal of Economic Perspectives (publishedVersion)
  • London Business School Research Online (London Business School) (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • HAL (submittedVersion, cc-by-nc-nd)
  • SPIRE (Sciences Po) (submittedVersion, other-oa)
Topics
  • Social Sciences › Political Science and International Relations › Russia and Soviet political economy
  • Social Sciences › Political Science and International Relations › Post-Communist Economic and Political Transition
  • Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
Keywords
oligarchs, ownership concentration, Russian capitalism, economic institutions, political institutions, enterprise efficiency, business ownership, Russian economy

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