Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240377 
Year of Publication: 
2020
Series/Report no.: 
BOFIT Discussion Papers No. 26/2020
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
Enterprise creation, destruction, and evolution support the transition to modern economic growth, yet these processes are poorly understood in industrializing contexts. We investigate Imperial Russia's industrial development at the firm-level by examining entry, exit, and persistence of corporations. Relying on newly developed balance sheet panel data from every active Russian corporation (N > 2500) between 1899 and 1914, we examine the characteristics of entering and exiting corporations, how new entrants evolved, and the impact of founder identity on subsequent outcomes. Russian corporations operated flexibly and competitively, conditional on overcoming distortionary institutional barriers to entry that slowed the emergence of these leading firms in the Imperial economy
Subjects: 
entry and exit
firm dynamics
Imperial Russia
corporations
industrialization
JEL: 
L11
N13
N63
O14
O16
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-356-0
Document Type: 
Working Paper

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