15 May 2020

The research seminar “Internationalization of state-owned enterprises from emerging markets: evidence from Russia” has been held at GSOM SPbU

On May 13, 2020 Daria Klishevich (GSOM SPbU 3rd year doctoral student) has presented the results of the research as part of her doctoral thesis on the topic: “Internationalization of state-owned enterprises from emerging markets: evidence from Russia”. Scientific advisor is Andrei Yu. Panibratov, Doctor of Science (Economics), Professor, Department of Strategic and International Management. 

  

The goal of the study was to examine how state ownership in a company affects its internationalization degree on the sample of Russian companies that have international activities. The study revealed that companies that are wholly or partially owned by the state demonstrate a lower degree of internationalization in comparison to the private enterprises and firms with foreign ownership. The same negative association was revealed for the companies that are politically affiliated with the state. Industry oil and gas has a moderating effect for this association, in other words, the negative effect is mitigated in case of this industry. The study examines the phenomenon of "state capitalism" in Russia that exists in forms of state ownership and political connections in companies. 

 

Discussants of the semiral were Olga L. GaraninaPhD (Economics), Associate Professor, Department of Strategic and International Management, and Anastasia K. LaskovayaCandidate of Science (Economics), Assistant Professor, Department of Strategic and International Management. Also, GSOM doctoral students and academic staff visited the seminar as attendees. 

 

The seminar was moderated by Galina V. Shirokova, Doctor of Science (Economics), Professor, Department of Strategic and International Management, Academic director of Doctoral program.