Ownership Changes and Transformation of the Russian Pulp and Paper Industry

Regional- and district-level drivers of timber harvesting in European Russia after the collapse of the Soviet Union

“…Additionally, regional differences in industrial capacity or equipment within the forestry sector leads to differences in the rate of return on timber harvesting. These differences may be attributable to Soviet legacies of where investments in forestry were made (Stoner-Weiss, 1997), since there has been little to no development within the timber industry since the late 1980s in Russia (Kortelainen and Kotilainen, 2003).…”

“…The Faustmann formula gives the economically efficient rotation period for a timber stand under a market system with well-defined property rights. Private timber firms were constrained by principles of profit maximization in postSoviet Russia (Pappila, 1999;Kortelainen and Kotilainen, 2003), unlike the Soviet period where firms did not internalize the costs of production (Brown and Wong, 1992). The Faustmann formula can be used to derive the optimal rotation period for a stand under infinite rotation or from a single rotation period.…”

“…These additional taxes and fees adversely affected the private timber industry. In addition, procuring markets for products and finding investment capital proved difficult for newly privatized firms (Pappila, 1999;Kortelainen and Kotilainen, 2003).…”

Forested land-cover patterns and trends over changing forest management eras in the Siberian Baikal region

“…National-level legislation adopted in -1994(Zaslavskaja, 1994 succeeded in specifying concrete ecologically sustainable management practices including restrictions on permissible logging areas and discontinuation of the prevalent Soviet era practice of logging in large landscape-sized clear-cuts by establishing a maximum cut size of 50 ha and in non-contiguous patches for industrial forests (Korovin, 1995). However, at the same time, regional authorities were given increasing control over forest management and industry (Kortelainen and Kotilainen, 2003;Williams and Kinard, 2003), and subsequent challenges in clarifying national versus regional roles resulted in delay and difficulties in implementing new forest management strategies. A new Forest Code implemented in January 2007 (Russian Federation, 2006) attempts to address the latter by transferring management authority to regions, though this relationship remains operationally complex.…”

Enterprise Reform and Corporate Governance in Russia: A Quantitative Survey

“…There seems to be no argument about the effectiveness of foreign participation, as it has been more clearly and strongly verified than any other type of ownership (Kuznetsov and Muravyev, 2000; Perevalov and Basargin, 2000a; Radygin and Arkhipov, 2000; Brown and Earle, 2001, 2004; Kortelainen and Kotilainen, 2003; Dolgopyatova, 2004b; Guriev and Rachinsky, 2004). In this regard, it makes little difference what empirical method has been employed as well as whether the study concerns performance or restructuring.…”