The births, lives, and deaths of corporations in late Imperial Russia

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dc.contributor Bank of Finland Gregg, Amanda Nafziger, Steven 2020-12-14T13:58:20Z 2020-12-14T13:58:20Z 2020
dc.identifier.isbn 978-952-323-356-0
dc.identifier.issn 1456-5889
dc.description.abstract Enterprise creation, destruction, and evolution support the transition to modern economic growth, yet these processes are poorly understood in industrializing contexts. We investigate Imperial Russia’s industrial development at the firm-level by examining entry, exit, and persistence of corporations. Relying on newly developed balance sheet panel data from every active Russian corporation (N > 2500) between 1899 and 1914, we examine the characteristics of entering and exiting corporations, how new entrants evolved, and the impact of founder identity on subsequent outcomes. Russian corporations operated flexibly and competitively, conditional on overcoming distortionary institutional barriers to entry that slowed the emergence of these leading firms in the Imperial economy.
dc.description.tableofcontents Contents I Abstract ..... 4 I Introduction ..... 5 II From historical context to empirical hypotheses..... 9 II.1 The Imperial Russian concession system: corporate charters and corporation types 11 II.2 The life-cycle dynamics of Imperial Russian corporations in a modern lens..... 12 III Data ..... 18 III.1 Summary statistics on imperial corporations..... 20 IV Corporate entry, evolution, and exit: empirical evidence ..... 25 IV.1 Entry...... 26 IV.2 Corporate life-cycles...... 28 IV.3 Exit...... 31 IV.4 Corporate founders, entry, and exit...... 32 V Conclusions and future work ...... 35 References ..... 37 Appendix – tables and figures..... 42 Additional details on the dataset: Original sources and variables..... 50
dc.format.extent 54
dc.language.iso ENG
dc.subject Bofit-kokoelma
dc.subject Venäjä
dc.subject.other entry and exit
dc.subject.other firm dynamics
dc.subject.other Imperial Russia
dc.subject.other corporations
dc.subject.other industrialization
dc.title The births, lives, and deaths of corporations in late Imperial Russia
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-202012142558
dc.subject.jel L11
dc.subject.jel N13
dc.subject.jel N63
dc.subject.jel 014
dc.subject.jel O16 BOFIT Discussion Papers
dc.series.year 2020
dc.series.number 26/2020
dc.series.sortingnumber 0026 14.12.2020
dc.subject.yso yritykset
dc.subject.yso taloushistoria
dc.subject.yso teollistuminen
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.type.okm D4

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