An Overview of Russia's Largest Corporations Abroad

Vahtra, Peeter; Liuhto, Kari

doi:10.1300/j097v11n03_03

Cited by 10 publications

(6 citation statements)

References 11 publications

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“…Despite the interest and novelty of the topic of emerging multinationals, the focus of most studies has been on the Asian and Latin American multinationals, overlooking their Russian counterparts. Despite a group of studies (Bulatov, 2001; Crane et al , 2005; Heinrich, 2003; Kalotay, 2002, 2004, 2005, 2008; Kets de Vries et al , 2004; Vahtra and Liuhto, 2006; EIU, 2007) the research on Russian multinationals remains scarce. In his painstaking research on the applicability of conceptual models to explaining internationalisation of Russian companies, Kalotay (2008) concludes that Dunning's eclectic paradigm could be applied to Russian multinationals, although with some extension on home country basis.…”

Section: Internationalisation Of Russian Companies: Motives and Strategiesmentioning

confidence: 99%

Russian companies: the rise of new multinationals

Filippov

2010

International Journal of Emerging Markets

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PurposeThe focus of this paper is the emergence of Russia's multinational companies. It aims to analyse their motives to internationalise as well as the approaches to internationalisation. While relevance of the theoretical perspectives is highlighted, the purpose of this paper is to contribute to the understanding of the present‐day phenomenon of emerging Russian multinationals.Design/methodology/approachThe paper relies on a qualitative approach for the analysis of the nature of Russian multinationals. The phenomenon of the emerging Russian multinationals is analysed through the prism and using insights from a number of subjects, namely transition studies, politics, innovation studies and international business studies.FindingsThe paper traces the evolution of Russian companies; the idiosyncratic path of their formation serves as a background for understanding of their internationalisation strategies. A special attention is devoted to the R&D activities of Russian multinational companies, and access to foreign technology is found to be an important driver of internationalisation.Research limitations/implicationsThe paper highlights relevance of further research on Russian multinationals and outlines research avenues.Practical implicationsThe paper is rich in its practical implications. Specifically, it elaborates on the European Union‐Russian bilateral relations and the role of Russian multinationals in the European economies. The issue of political involvement is raised, and the paper seeks to identify whether Russian companies serve as tools of foreign policy, or they operate as business agents.Originality/valueDespite their increasingly important role in the global economy, Russian companies have been largely overshadowed by the emergence of Indian and Chinese multinationals and not sufficiently addressed, even neglected, in the literature. Therefore, the objective of this paper is to fill in some gaps in the literature regarding this research area.

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Section: Internationalisation Of Russian Companies: Motives and Strategiesmentioning

confidence: 99%

Russian companies: the rise of new multinationals

Filippov

2010

International Journal of Emerging Markets

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“…According to Liuhto and Jumpponen (2003), the international operations of Gazprom are subject to far-reaching political interventions, so one could argue that it first serves Russian foreign policy and subsequently its own business interests. Other studies have also found economic motives alone do not adequately explain the international activities of Russian companies (Vahtra and Liuhto, 2005). For Chinese firms, a significant government influence and support in their course of internationalization can also be observed.…”

Section: Ijoem 71mentioning

confidence: 91%

Determinants of outward foreign direct investment from BRIC countries: an explorative study

Holtbrügge

Kreppel

2012

International Journal of Emerging Markets

107

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Purpose -Outward foreign direct investment (FDI) of firms from Brazil, Russia, India and China has increased significantly during the last few years. Despite this trend, comprehensive research on the specific determinants and antecedents of outward FDI from BRIC countries is still underrepresented. The purpose of this paper is to give a more comprehensive understanding of outward FDI from BRIC countries. Design/methodology/approach -Based on an exploratory approach, case studies of eight companies were conducted. Both a within-case and a cross-case approach were conducted. Findings -The findings reveal the relevance of determinants on the country, industry and firm level. Gaining access to new markets is of utmost importance for all firms. Additionally, most companies seek to obtain access to technological resources and management know-how, therefore emphasizing the availability of these resources in the target countries. While the internationalization of Brazilian and Indian companies is primarily driven by economic motives, many Chinese and Russian firms also receive substantial political support from their governments to invest abroad, especially in strategically important industries. On the firm-level, the strength of firm-specific resources is highlighted. BRIC country firms possess specific strengths that help them to enter both developing as well as developed countries and to pursue their internationalization strategy. Originality/value -The aim of this study is to systematically analyze the determinants of FDI of firms from BRIC countries. While previous studies in this context are based on internationalization theories which were at least implicitly focused on FDI of firms from developed markets, the authors use a more emic approach and look for specific determinants of outward FDI of firms originating in BRIC countries.

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“…The start of the Russian companies' integration in the global oil and gas market is discussed in articles by Liuhto (2002) and Vahtra and Liuhto (2006). The authors analyze the growth of Russian companies' investments in projects in other countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Evaluation of Gas Industry Competitiveness in the Foreign Market

Щербакова¹,

Nazarova²,

Kirichenko³

et al. 2020

IJEEP

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The evaluation of the Russian oil and gas companies' competitiveness in the foreign market under the tough market conditions is of particular importance as it is crucial to retain company's current position and market share. The article makes qualitative and quantitative evaluation of Russian companies in the global gas market. To analyze the competitiveness of the gas industry company in the foreign market, the authors used a dynamic method of evaluating competitiveness coupled with a SWOT analysis. The dynamic evaluation method offers an opportunity to identify the basic factors that influenced the level of competitiveness of the entity under study and, accordingly, determine the main reserves for increasing its competitiveness.Based on the study conducted, recommendations were made on the increase in competitiveness in the current situation of unstable demand and volatile energy prices. By analyzing the PJSC Gazprom level of competitiveness, as well as its external and internal environment, indicators were identified the regulation of which will lead to the progressive development of the organization and increase in its competitiveness. The practical relevance of the study lies in the possibility to use both the research outcome and the proposed methods in a development strategy for the gas industry company.

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An Overview of Russia's Largest Corporations Abroad

Cited by 10 publications

References 11 publications

Russian companies: the rise of new multinationals

Russian companies: the rise of new multinationals

Determinants of outward foreign direct investment from BRIC countries: an explorative study

Evaluation of Gas Industry Competitiveness in the Foreign Market

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