Institutions and FDI strategies to and from Russia

This research theme comprises a number of studies, analyzing how the institutional differences across Russian regions influence foreign firms’ entry strategies, including the choice of location and ownership structure for the Russian subsidiary. The data applied in the analysis come from the enterprise registry of the Russian state statistical authority Rosstat. CEMAT is the first foreign organization, which has acquired these data. 

Further information: Research manager Päivi Karhunen

Examples of the publications: 

Eklund, T. & Karhunen, P. (2009)
Suomalaisomisteiset yritykset Venäjällä
CEMAT Papers 2/2009.

Karhunen, P. & Ledyaeva, S. (2011) 
Regional Variation in Democracy and Corruption within a Large Transition Country and Location Decisions of Foreign Investors of Different Country-of-Origin: the Case of Russia
Helsinki Center of Economic Research, Discussion Paper No. 318.

Karhunen, P. & Ledyaeva, S. (2012)
Corruption distance, anti-corruption laws and international ownership strategies in Russia
Journal of International Management 18 (2012), 196-208

Ledyaeva, S., Karhunen, P. & Kosonen, R. (2012)
The Global Economic Crisis and Foreign Investment in Russia from the EU: Empirical Evidence from Firm-Level Data
Eurasian Geography and Economics 53(6), 772-789.