3. Revolutionary change and organizational form: The politics of investment fund organization in Russia, 1992–1997

Abstract

This paper examines the interaction between politics and organizations in the development of investment funds in Russia from 1992–1997. The organizational design of investment funds in post-communist Russia became part of broader political battles over how to construct new institutional arrangements of wealth creation following the collapse of the Soviet central-planning system. Initially, market reformers structured investment fund activity to facilitate the rapid privatization of state-owned enterprises. Subsequently, politicians moved quickly to change the rules of the game when they believed that new investment rules would better shore up their own positions against rivals. Politics, not economics, has defined both the emergence and transformation of investment fund organizations in Russia during the 1990s.

Citation

Spicer, A. (2002), "3. Revolutionary change and organizational form: The politics of investment fund organization in Russia, 1992–1997", Lounsbury, M. and Ventresca, M.J. (Ed.) Social Structure and Organizations Revisited (Research in the Sociology of Organizations, Vol. 19), Emerald Group Publishing Limited, Leeds, pp. 91-124. https://doi.org/10.1016/S0733-558X(02)19003-3