Corporate Governance and Employee Ownership in an Economic Crisis: Enterprise Strategies in the Former USSR

Buck, Trevor; Filatotchev, Igor; Wright, Mike; Zhukov, Vladimir

doi:10.1006/jcec.1999.1606

Cited by 35 publications

(21 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Employees understandably are likely to favor strategies that promote their immediate welfare as employees (e.g. generous social provisions by the firm) rather than their long run welfare as shareholders (Buck et al, 1999). Certainly, they may be expected to resist the downsizing associated with the CM model.…”

Section: Governance-strategymentioning

confidence: 95%

Insider ownership, human resource strategies and performance in a transition economy

et al. 2003

View full text Add to dashboard Cite

Researchers and potential investors in transition economies need to understand the Human Resource Management (HRM) strategies of target firms, since human resources are arguably their most valuable assets. Understanding is difficult, however, because HRM strategies help to determine firms' performance, but are in turn influenced by corporate governance, particularly insider ownership. This paper employs a structural equation modeling methodology to examine the relations between governance, HRM strategies and performance in the context of a novel dataset of Ukrainian industrial firms. It is found that insider ownership is positively associated with high-commitment HRM strategies and negatively with low-commitment, cost-cutting HRM strategies. Cost-cutting HRM strategies are in turn associated with weaker firm performance. These outcomes correspond broadly with theoretical expectations. Journal of International Business Studies (2003) 34, 530–549; doi:10.1057/palgrave.jibs.8400065

show abstract

Section: Governance-strategymentioning

confidence: 95%

Insider ownership, human resource strategies and performance in a transition economy

et al. 2003

View full text Add to dashboard Cite

show abstract

“…These countries need to modernize their industrial structure, upgrade their infrastructure, and acquire new capabilities. The restructuring of enterprises is a core policy objective of economic transition and a central issue in economic research on transition economies (Jones et al, 1998, Estrin, 2002, and Buck et al, 1998. IMF et al (1991) and Meyer (2001) argue that FDI provides a vital source of investment funds for both the state sector and the growing private sector, contributes managerial skills, new technology and capital, and promotes competition.…”

Section: Introductionmentioning

confidence: 99%

Spillovers of technology transfer from FDI: the case of Estonia

Sinani

Meyer

2004

Journal of Comparative Economics

293

177

View full text Add to dashboard Cite

Foreign Direct Investment (FDI) is expected to generate technology spillovers to indigenous firms in transition economies. This paper disentangles the positive effect of technology transfer on the productivity of domestic firms from that of competition. We use a production function framework to estimate the impact of technology transfer from FDI on the growth of sales of domestic firms in Estonia during the period from 1994 to 1999. Employing panel data techniques, we control for industry and firm specific effects and use a Heckman two-stage procedure to control for sample self-selection bias. We find that the magnitude of the spillover effect depends on the characteristics of incoming FDI and, of the recipient local firm. More specifically, spillovers vary with the measure of foreign presence used, and are is influenced by the recipient firm's size, its ownership structure and its trade orientation.

show abstract

“…Although insider owners may feasibly be motivated by their stakes to raise shareholder value through productivity increases, they also derive utility from continued employment with firms. In the case of employees in general, their influence on enterprise decisions in the FSU has been found to be quite benign [Buck et al, 1999]. However, managerial stakes provide quite a different story.…”

Section: Determinants Of Exportingmentioning

confidence: 99%

“…In regressions, to avoid collinearity, shareholdings by employees were omitted, as the category of shareholder in the FSU found elsewhere to have the most benign influence on enterprise decisions [Buck et al, 1999]. The remaining shareholder stakes were the percentage of voting shares held each year by outside individuals (INDIV t ), outside institutions (INST t ) and by the State (STATE t ).…”

Section: Exporting Activity In Transitional Economiesmentioning

confidence: 99%

Exporting Activity in Transitional Economies: An Enterprise-Level Study

Buck¹,

Filatotchev

Demina³

et al. 2000

Journal of Development Studies

View full text Add to dashboard Cite

This study represents the first enterprise level analysis of the determinants of exporting in transitional economies, and focuses on privatised manufacturing firms in Russia, Ukraine and Belarus. Employing models developed from the existing literature on enterprise-level trade, results derived from longitudinal data suggest that the most important influences on a firm's decision to export are company size and the non-monotonic, curvilinear influence of managerial ownership and control. Comparisons are made with studies of less developed countries.Enterprise-Level Analysis, Transitional Economies, Exports, Trade,

show abstract

Corporate Governance and Employee Ownership in an Economic Crisis: Enterprise Strategies in the Former USSR

Cited by 35 publications

References 26 publications

Insider ownership, human resource strategies and performance in a transition economy

Insider ownership, human resource strategies and performance in a transition economy

Spillovers of technology transfer from FDI: the case of Estonia

Exporting Activity in Transitional Economies: An Enterprise-Level Study

Contact Info

Product

Resources

About