The Russian Economy and Foreign Direct Investment

Liuhto, Kari; Сутырин, Сергей; Blanchard, Jean‐Marc F.

doi:10.4324/9781315651101

Cited by 8 publications

(5 citation statements)

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“…Furthermore, examining the attitudes of Russian consumers toward American products is of practical importance to the many American firms marketing their goods to Russian consumers. American companies view Russia as one of their most important markets (Liuhto et al, 2016). Finally, previous research suggests that Jewish consumers still harbor animosity toward Germany, thereby making it a suitable context to study the proposed research model (Podoshen, 2009).…”

Section: Current Studymentioning

confidence: 99%

“Conspicuous consumption in the context of consumer animosity”

Abraham

Reitman

2018

IMR

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Purpose The purpose of this paper is to explore the effects of consumer animosity on conspicuous consumption in two research settings: Israel and Russia. The study also examines: the relationship between susceptibility to norm influence (SNI) and consumer animosity, whether SNI affects consumers’ willingness to buy (WTB) products from a country toward which they harbor animosity, and the relationship between consumer animosity and WTB in contexts differing in the level of animosity harbored toward a target country. Design/methodology/approach To probe generalizability, the hypothesized model was tested in two different contexts: Study 1 was conducted in Israel using the context of the Holocaust and Study 2 was conducted in Russia using the context of the recent political discord with the USA. A convenience sample of Israeli-Jewish (n=264) and Russian (n=259) consumers yielded a total of 523 questionnaires. Findings In both contexts, the results from the SPSS and AMOS analyses indicated a negative and significant relationship between consumer animosity and conspicuous consumption. Moreover, SNI was positively associated with consumer animosity. Finally, the study findings point to a negative association between consumer animosity and WTB, regardless of the level of animosity. Originality/value The research findings suggest that consumer animosity may be a stronger predictor for the consumption of conspicuous products than for the consumption of necessity goods.

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Section: Current Studymentioning

confidence: 99%

“Conspicuous consumption in the context of consumer animosity”

Abraham

Reitman

2018

IMR

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“…We discuss the research setting via a set of stylised facts, which emerged as recurrent themes in our reading of the literature on the contemporary Russian business environment. These comprise: the legacy of the Soviet period in Russia (Oxenstierna, 2015); reluctance to share knowledge (May & Wayne Jr, 2013); avoidance of competition (Kuznetsova & Roud, 2014); avoidance of uncertainty (Liuhto et al, 2017); reliance on personal networks (Ledeneva, 2013); and the importance of relationships with state institutions (Sharafutdinova & Turovsky, 2017).…”

Section: Research Settingmentioning

confidence: 99%

“…The Soviet economy had been characterised by: 1) a highly centralised command economy, in which the government determined what goods should be manufactured, their quantity, and the price at which they should have been offered for sale (Sakwa, 2008); 2) state economic planning, in which investments, manufacturing and distribution of means of production were carried out in accordance with national or regional economic plans (Liuhto et al, 2017); 3) rapid growth of large-scale state-prioritised enterprises alongside bottlenecks, inefficiencies and goods shortages (Andrianov, 1997;Barkhatova, 2000); 4) personal consumption amidst shortages was maintained by 'blat', a friendly exchange of favours and support with state personnel enjoying privileged access to goods (Karhunen et al, 2018). Consequently, experience with market mechanisms, private ownership, competition and entrepreneurship were very limited (Resnick & Wolff, 2013).…”

Section: Soviet Legacymentioning

confidence: 99%

“…Business investment decisions in this context are not those of standard risk assessment of expected returns but assessment of the conditions characterised by the dominance of personal networks and arbitrary application of formal rules and regulations, in which any political change may revoke all former agreements and relationships generating uncertainty and unpredictability for regional businesses (Ershova, 2017;Liuhto et al, 2017). In Russia, many of these companies count on the goodwill of the regional authorities for gaining licences, construction permissions and avoidance of bureaucratic procedures related to doing business.…”

Section: State Patronagementioning

confidence: 99%

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The effects of culture, attitudes and perceptions on industrial cluster policy: The case of Russia

Sosnovskikh

Cronin

2020

Competition & Change

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Culture, attitudes and perceptions have an underappreciated effect on industrial cluster policies particularly in transition economies, where long-established local social norms are confronted with hard-pressed external imperatives. This paper examines the impact of cultural and governmental peculiarities in the Russian context on the development of special economic zones and industrial parks. Based on some stylized facts about the Russian context, in-depth interviews and surveys of the managing companies and tenants of all industrial clusters in Russia, we find cultural and governmental characteristics emerge as major influences on the effective development of industrial cluster policies. We develop an adapted industrial cluster model that accommodates these factors and suggests a policy pathway for mitigation.

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“…После введения Россией запрета на импорт молочной продукции из ряда ведущих стран Запада большинство продуктовых линеек продукции Valio оказалось под эмбарго. Для сохранения доли рынка концерну пришлось увеличить объёмы производства в РФ [Liuhto, Sutyrin, Blanchard, 2017]. Задействовали и мощности своего завода, и производство продукции под этим брендом по контракту.…”

Section: Valiounclassified

Large Finnish Companies in the Russian market

Сутырин¹,

Vorobieva²

2019

soveurope

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КРУПНЫЕ ФИНСКИЕ КОМПАНИИ НА РОССИЙСКОМ РЫНКЕ Аннотация. В статье приводятся результаты исследования деятельности крупных финских компаний в России. Представлен анализ основных показателей их функционирования и выделены наиболее существенные факторы, оказавшие влияние на результаты работы. Подробно рассмотрен опыт деятельности на российском рынке двух успешных крупных финских компаний и компании, принявшей решение об уходе из России. Сделан вывод, что факторы успеха крупных финских компаний в России непосредственно связаны с адаптацией к изменяющимся условиям и локализацией хозяйственной деятельности. В число лидеров выходят те, кто умело сочетает конкурентные преимущества производства в России со своими внутренними специфическими ресурсами и возможностями, грамотно реагируя на отраслевую конкуренцию и институциональные особенности ведения бизнеса в РФ. Ключевые слова: Финляндия, Россия, крупный бизнес, выход на внешний рынок, факторы успеха, уход с рынка. Введение Цель данной статьи состоит в выявлении и сравнительном анализе результатов стратегических решений о деятельности на российском рынке на современном этапе ряда крупных финских компаний. Эмпирическую базу исследования составили данные национальной статистики, годовые отчёты компаний, публикации в открытых источниках массовой информации, в том числе интервью ведущих менеджеров. При анализе деятельности крупных финских фирм в России использованы результаты исследований интернетиздания "Фонтанка.ру" и опросов, проводившихся Финско-Российской торговой палатой. © Сутырин Сергей Феликсович-доктор экономических наук, профессор, зав. кафедрой мировой экономики, Санкт-Петербургский государственный университет (СПбГУ). Адрес:

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The Russian Economy and Foreign Direct Investment

Cited by 8 publications

References 0 publications

“Conspicuous consumption in the context of consumer animosity”

“Conspicuous consumption in the context of consumer animosity”

The effects of culture, attitudes and perceptions on industrial cluster policy: The case of Russia

Large Finnish Companies in the Russian market

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