An innovative mechanism for regional management of the competitiveness of industrial enterprises

The paper examines a specific model of wage-setting evolved in Russia under transition. Using new survey data author reveals paradoxical characteristics of wage-setting mechanisms at Russian industrial enterprises: very high union and collective agreement coverage; nearly unilateral control of managers over wage determination; close correlation between earnings and enterprises' performance; voluntary utilization of wage standards established by the state. The special section explores effects of fulfilling a new provision stipulated for by the recently adopted Labor Code to raise minimum wage to the subsistence minimum level. The author concludes that wage-setting in the Russian labor market is at odds with a textbook competitive model and poorly fits into many other sophisticated theoretical schemes (such as labor-managed firms, bargaining models etc.).

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Shortage of Skills in the Labor Market: Limited Supply, Lack of Demand, or False Signals from Employers?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2004-3-76-94 ◽

2004 ◽

pp. 76-94 ◽

Cited By ~ 3

Author(s):

V. Gimpelson

Keyword(s):

Labor Market ◽

Competitive Market ◽

Skilled Workers ◽

Industrial Enterprises ◽

Russian Industry ◽

General Skills ◽

Limited Supply

The article discusses the issue of shortage of skills in the Russian industry. Using microdata from a survey of industrial enterprises, the author confirms that most of employers complain of difficulties in hiring and attaching skilled workers. In case of mass occupations, this shortage relates mostly to low efficient enterprises, which are unable or unwilling to pay competitive market going wage. More efficient and better paying firms are less likely to face shortage of general skills on the labor market but may face limited supply of specific skills.

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Economic State and Institutional Environment of Russian Industrial Enterprises: The Empirical Analysis of Interrelations

Voprosy Ekonomiki ◽

10.32609/0042-8736-2005-9-67-86 ◽

2005 ◽

pp. 67-86 ◽

Cited By ~ 1

Author(s):

G. Kleiner ◽

R. Kachalov ◽

E. Sushko

Keyword(s):

Institutional Environment ◽

Negative Influence ◽

The State ◽

Industrial Enterprises ◽

Strategic Approach ◽

Market Situation ◽

Economic State ◽

Essential Heterogeneity ◽

The Empirical Analysis ◽

Weak Influence

The paper presents the analysis of the data received from the survey of heads of industrial enterprises and also experts-researchers in 2003-2004. The data describe the economic state of enterprises and their position in competitive, administrative, intermediary, financial etc. environment. The assumption of essential heterogeneity of the set of industrial enterprises, including enterprises of the same sector or the same territorial formation is confirmed. It is shown that Russian industrial enterprises as a rule do not feel influence of the stock market situation while the condition of the currency market influences the majority of enterprises. The sensitivity of enterprises depends on their economic situation: the better is the state, the stronger is the influence. Weak influence of the investment and administrative environment on the state of enterprises and negative influence of the activity of intermediary organizations are registered. More than 2/3 of the respondents consider important strengthening of the responsibility of large proprietors for inefficient activity of their enterprises. Lack of the strategic approach in the activity of authorities of all levels is ascertained and the necessity of development and realization of industrial policy at all administrative levels, including the municipal one, is shown.

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The Impact of Property Characteristics on Economic Performance of Russian Industrial Enterprises

Voprosy Ekonomiki ◽

10.32609/0042-8736-2005-2-53-68 ◽

2005 ◽

pp. 53-68 ◽

Cited By ~ 3

Author(s):

R. Kapeliushnikov ◽

N. Demina

Keyword(s):

Detailed Analysis ◽

Economic Performance ◽

Ownership Concentration ◽

Corporate Sector ◽

Concentrated Ownership ◽

Industrial Enterprises ◽

Russian Industry ◽

Control Premium ◽

And Performance ◽

The Impact

The paper provides new survey evidence on effects of concentrated ownership upon investment and performance in Russian industrial enterprises. Authors trace major changes in their ownership profile, assess pace of post-privatization redistribution of shareholdings and provide evidence on ownership concentration in the Russian industry. The major econometric findings are that the first largest shareholding is negatively associated with the firm’s investment and performance but surprisingly the second largest shareholding is positively associated with them. Moreover, these relationships do not depend on identity of majority shareholders. These results are consistent with the assumption that the entrenched controlling owners are engaged in extracting "control premium" but sizable shareholdings accumulated by other blockholders may put brakes on their expropriating behavior and thus be conductive for efficiency enhancing. The most interesting topic for further more detailed analysis is formation, stability and roles of coalitions of large blockholders in the corporate sector of post-socialist countries.

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Organizational Culture in the Focus of Improving Risk Management in the Enterprise

Issues of Risk Analysis ◽

10.32686/1812-5220-2020-17-4-86-95 ◽

2020 ◽

Vol 17 (4) ◽

pp. 86-95

Author(s):

R. M. Kachalov ◽

Yu. A. Sleptsova

Keyword(s):

Risk Management ◽

Organizational Culture ◽

Point Of View ◽

Economic Risk ◽

Management Activity ◽

Economic Agents ◽

Cultural Aspects ◽

Industrial Enterprises ◽

Operational Theory ◽

Stable Forms

The article considers the manifestations of the phenomenon of economic risk in the socioeconomic ecosystems of industrial enterprises, examines and differentiates the pragmatic and cultural aspects of the concept of "economic risk management". In terms of methodology, the study is based on the operational theory of risk management, and also uses tools to describe the organizational culture of risk management. Pragmatic and cultural differences in the characteristics of economic risk are identified at the level of stable forms of management activity with the involvement of the main provisions of the operational theory of risk management. The phenomenon of risk is considered in the ontological space as an artificial category of activity of industrial enterprises and other economic agents that form a socio-economic ecosystem. This phenomenon is studied as a specific form of social communication associated with the desire to assess the uncertain future in the present time, mainly from the point of view of analysis and management of the level of economic risk in the enterprise.

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