Abstract
This paper investigates the strategies of global companies operating in power generation and supply, electrical equipment, and oil and gas industries in Russia. Russian energy sector has been considered by these companies as a huge and perspective and Russia has shown in the last two decades the greatest activity in the field of internationalization of major national industries through IJVs. Local joint ventures are therefore one of the cornerstones of these firms strategy in the respective energy sectors of Russia’s economy. These partnerships facilitate the entry process to Russia, raise an efficiency of post-entry operations, and prevent the state intervention in Russian operations of western companies.
Highlights
Abstract. is paper investigates the strategies of global companies operating in power generation and supply, electrical equipment, and oil and gas industries in Russia
While previous debates on an entry mode are rooted in di erent conceptual emphases on the bene ts of control versus the bene ts of collaboration, our study began with the realization that performance di erences among international joint venture (IJV) are more likely to depend on the multiple functional capabilities of the rm, which in turn partly arise from the control-collaboration dichotomy
Given our general interest in how multinational enterprise (MNE) success can be a ained in emerging economy environment, we aimed to study the process of MNEs’ obtaining the market leadership via IJV in Russia
Summary
Abstract. is paper investigates the strategies of global companies operating in power generation and supply, electrical equipment, and oil and gas industries in Russia. Russian energy sector has been considered by these companies as a huge and perspective and Russia has shown in the last two decades the greatest activity in the eld of internationalization of major national industries through IJVs. Local joint ventures are one of the cornerstones of these rms strategy in the respective energy sectors of Russia’s economy. Introduction is paper stresses that international joint venture (IJV) provides a multinational enterprise (MNE) with the most of advantages available in the core industrial markets of Russia. Our study is aimed at understanding the role of IJVs in the internationalization strategy of MNEs in Russia’s energy industry, and to reveal the prospects of IJV for MNEs in the respective sectors of Russian economy. While previous debates on an entry mode are rooted in di erent conceptual emphases on the bene ts of control versus the bene ts of collaboration, our study began with the realization that performance di erences among IJVs are more likely to depend on the multiple functional capabilities of the rm, which in turn partly arise from the control-collaboration dichotomy
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