Abstract
The article presents the analysis of economic behavior of wood sector enterprises of Karelia Republic during transition to market. Findings show that the absence of adequate institutional conditions has set many enterprises on the brink of survival. The influence of formal institutions is essentially leveled by inefficient informal actions. Examples of positive changes testify not so much that the formation of effective institutions is taking place, as about the degree of adaptation of successful enterprises while using all favorable external factors. The analysis is based on data of long-term economic and sociological surveys of Karelia forest territories.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
