This study analyzed the impact of the Corruption Perception Index of Russian state-owned enterprises on the total return on assets (ROA). Corruption in Russian state-owned enterprises poses a significant threat to the Russian economy. Accordingly, we examined the impact of the Corruption Perception Index on the total return on assets. The more corrupt the state, the more influential the ruling powers associated with the political power of state-owned enterprises become. Corruption in the Russian government and state-owned enterprises also has a negative impact on foreign investment and economic growth. This will also affect the management performance of state-owned enterprises and may again adversely affect Russia's economic development. Reducing corruption in Russian state-owned enterprises requires accountability from state institutions, starting with political leaders. And civil society and the media need to combine heaps to publicize the negative aspects of corruption. Privatization of corrupt state-owned enterprises will reduce inefficient business operations and diversify governance to increase reputation.
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