Determinants of barter in Russia: an empirical analysis

Commander, Simon; Dolinskaya, Irina; Mumssen, Christian

doi:10.1016/s0304-3878(01)00192-4

Cited by 20 publications

(23 citation statements)

References 5 publications

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“…In contrast, Russia attempted virtually simultaneous introduction of markets and private ownership, with much of the intended enhancement to company performance presumed to derive from the latter (see Boycko et al, 1995). The implementation of Russian reforms, however, proved harder than expected (see Granville and Oppenheimer, 2001), leaving enterprises to operate initially in only a quasi-market environment (see Commander et al, 2002), and with a prolonged recession.…”

Section: The Determinants Of Enterprise Growth In Russia and Chinamentioning

confidence: 99%

How transition paths differ: Enterprise performance in Russia and China

Bhaumik

Estrin

2007

Journal of Development Economics

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We use enterprise survey data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, and with ownership to a lesser extent, but not greatly correlated with industry-specific or institutional factors. However, in Russia, enterprise growth is not associated with improvements in factor quantity (except for labor) or quality. The main determinants of company performance are instead demand and institutional factors at a regional level. The findings are robust across a variety of specifications.

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Section: The Determinants Of Enterprise Growth In Russia and Chinamentioning

confidence: 99%

How transition paths differ: Enterprise performance in Russia and China

Bhaumik

Estrin

2007

Journal of Development Economics

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“…Two other effects of the new way of doing business were weakened relationships as firms were letting each other down, and a shift back to barter trade (Aukutsionek 1998, Commander/Dolinskaya/Mumssen 2002, Gurkov 1996, Poser 1998. Golden/ Doney/Johnson/Smith (1995) show that the turbulence is not only directly attributable to the institutional changes but also indirectly so, as the turbulence also led to changes in demand, product obsolescence, growing competition, and the appearance of new products and technologies.…”

Section: Market Turbulencementioning

confidence: 99%

Turbulence, discovery and foreign market entry: A longitudinal study of an entry into the Russian market

Johanson

2006

MANAGE. INT. REV.

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■ Firms entering transition markets are typically ignorant about those markets, and the markets, owing to the transition from a planned to a market economy, are typically turbulent. Consequently the entry process involves discoveries that could not have been predicted in advance. This position is supported by a longitudinal study in real-time of a Swedish firm's entry into the Russian market between 1987 and 1993.■ The paper distinguishes between three types of activity that form part of the entry process, namely search, routines and improvisation, and it discusses how they relate to operative and strategic discoveries made and the characteristics of the entry process. Key Results■ The paper offers a conceptual framework for studying the role of discovery in the process of entering turbulent foreign markets. A longitudinal case study of a Swedish firm's entry into Russia demonstrates that discoveries were important in the entry process. It shows also that strategic discoveries tend to be a result of either search or improvisation, while operative discoveries are usually made in the course of routine activities performed by the entering firm.

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“…The insignificance of the CASH variable is not surprising. While Brana and Maurel (1999) find a significant relationship between liquidity and barter for a subset of their sample, most empirical studies in Seabright (2000) and Commander et al (2002) find no significant relationship in cross-section OLS regressions.…”

Section: Estimationsmentioning

confidence: 94%

Barter for price discrimination

Guriev¹,

Kvassov²

2004

International Journal of Industrial Organization

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We study barter as a discriminatory instrument in oligopoly with asymmetric information. Buyers (producers of final goods) differ in the quality of their products. Sellers (producers of inputs) use barter as a screening device: the higher quality buyers pay in cash while the lower quality ones pay in kind. Barter, identified with non-monetary contracts that give a seller control over a buyer's output, emerges in equilibrium even in the absence of financial constraints.There is a positive relationship between market concentration and the level of barter. Barter disappears as the market becomes more competitive. Barter and nobarter equilibria coexist for a range of market structures.JEL Codes: D43, L13, P42.

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Determinants of barter in Russia: an empirical analysis

Cited by 20 publications

References 5 publications

How transition paths differ: Enterprise performance in Russia and China

How transition paths differ: Enterprise performance in Russia and China

Turbulence, discovery and foreign market entry: A longitudinal study of an entry into the Russian market

Barter for price discrimination

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