Privatization 30 years later: scope and efficiency of the public sector

Приватизация 30 лет спустя: масштабы и эффективность государственного сектора

Alexander Radygin, Revold Entov, Maria Chernova, Alexander Abramov and Georgiy Malginov

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: The authors, on the basis of a brief historical excursion, analyze the current priorities of Russian privatization. The report assesses the size of the public sector and the feasibility of privatizing certain large Russian companies with state participation in the context of sanctions. It is shown that the consolidated financial characteristics of companies with state participation, as a rule, are worse than those of private companies and foreign competitors, and the total return on the shares of the former is less than the minimum market return on shares. The empirical part of the report is based on a sample of 265 largest private and state-owned Russian companies for which public financial reporting is available.

Keywords: privatization; state property; companies with state participation; privatization program; sanctions (search for similar items in EconPapers)
Pages: 76 pages
Date: 2019-01
New Economics Papers: this item is included in nep-cis and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ppaper:021904

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