This paper assesses the results of a major survey of privatised enterprises in Russia, examining the financial environment in which firms operate. We find that the three sources of finance analysed (the domestic banking sector, the state and equity markets) are strongly influenced by the...

In this paper, we introduce our survey of 437 Russian industrial enterprises, 1997-1999. We gathered data on enterprise performance, both qualitative and quantitative, and four determining features of the Russian industrial environment - ownership structure (state, insider, outsider);...