Abstract
Increasing pressure from the global market is an objective reason for the business community to seek government support. However, after the Yukos affair the Russian business has found itself in a subdued posture towards¬federal authorities. For this reason, Russian companies may be expected to more closely cooperate with regional and local administrations in pursue of more favorable conditions for business. At the same time fiscal reform and delimitation of powers between the federal center and subjects of the Federation have reduced financial capacities of regional governments, while the scope of their past liabilities has been left almost unchanged. In this situation, regional authorities, in turn, may find new incentives to change their policy posture towards the business community. In this paper we assess, using the results of a new empirical study of Russian joint stock companies, to what extent these two trends have affected real mechanisms of interaction between the business and the state at the regional level.
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.
