title: Foreign board members in Russia’s largest corporations: A special emphasis on the country’s 10 biggest firms investing abroad
metadata.name: dc.contributor.author
metadata.value: Liuhto, Kari
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-10-10T09:57:41Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-10-10T09:57:41Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Liuhto K. Foreign board members in Russia’s largest corporations: A special emphasis on the country’s 10 biggest firms investing abroad. St Petersburg University Journal of Economic Studies, 2017, vol. 33, issue 3, pp. 452–471.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu05.2017.306
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/8460
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: A foreigner born outside the former USSR occupies every fifth board seat in Russia’s 50 largest corporations. Unsurprisingly, Russia’s private firms more frequently have foreigners on their boards, than the state-owned enterprises do. Less than 10 % of the board seats of Russia’s largest state-owned enterprises have been given to foreigners, while the respective share in privately-owned firms is nearly 30 %. The share of foreigners on the boards of Russia’s biggest firms investing abroad is clearly larger than in the country’s 50 largest corporations, in general, indicating a correlation between an intensive foreign direct investment expansion and a higher proportion of foreigners on the boards of directors. The British, the Americans and the Germans hold more than half of the board seats given to foreigners, in Russia’s 50 largest corporations. Only two Chinese citizens could be detected among the nearly 100 foreign board directors. It remains to be seen what the impact of Western sanctions on the future board composition of Russia’s largest corporations will be. Therefore, it is worth following how the number of Chinese board members, in Russia’s most significant firms, will develop in the coming years, since the growing number of board seats usually reflects increased FDI flows. So far, Russian statistics show that Chinese investments in Russia are non-existent, and the same applies to Russian investments in China, as well.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 33; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: Russian outward foreign direct investment
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: internationalisation of Russia’s largest corporations
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate governance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: board of directors
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Foreign board members in Russia’s largest corporations: A special emphasis on the country’s 10 biggest firms investing abroad
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 06-Liuhto.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/8460/1/06-Liuhto.pdf
resources.format: Adobe PDF
resources.size: 217,75 kB