Employee Ownership in Russia: Evolution and Current Status
Sharing Ownership, Profits, and Decision-Making in the 21st Century
ISBN: 978-1-78190-750-4
Publication date: 9 December 2013
Abstract
Purpose
The purpose of this article is to analyze the present state of employee ownership in Russia and reasons for its decline due to the drawbacks of economic reforms on the country.
Design/methodology/approach
The design of the article includes the analysis of the Russian model of ESOP and its differences from the U.S. analog. The author also describes the practical experience of the Russian people’s enterprises and the drawbacks in the legal foundations of their work.
Findings
The key finding of this work is that the correction of these drawbacks would lead to broader development of employee owned companies in Russia.
Social implications
The author’s ideas of changing focus of the market reforms in Russia and facilitating the development of economic democracy in the country constitute the major social implication of her research.
Practical implications
It may have practical implications both for developed market economies and economies in transition.
Originality/value
The originality of the paper is determined by drawing a logical link between the development of employee ownership and overall market reform in Russia, as well as by presenting a comparative analysis of the U.S. and Russian models of ESOP.
Keywords
Citation
Kachalina (Ershova), T. (2013), "Employee Ownership in Russia: Evolution and Current Status", Sharing Ownership, Profits, and Decision-Making in the 21st Century (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 159-185. https://doi.org/10.1108/S0885-3339(2013)0000014008
Publisher
:Emerald Group Publishing Limited
Copyright © 2013 Emerald Group Publishing Limited