Business Commons^™

Industrial Modernisation Through Institutional Upheaval In A Transition Economy, Anton Klarin, Pradeep Kanta Ray

Research outputs 2014 to 2021

Purpose The purpose of this paper is to examine the effects of Russian institutional upheavals on industrial development. Design/methodology/approach The paper uses a longitudinal case study analysis of three Russian pharmaceutical firms exploring the role of state support in developing a self-sustained competitive innovation-dependent industry. Findings Russia’s shock therapy transition to a newly liberalised economy the 1990s without a supportive institutional framework led to severe setbacks in its modernisation process. A weak institutional context was not conducive to development of its fledgling organisations. In late 2000s, Russian Government initiated large-ranging institutional support in favour of strategic industries. This resulted in …

Political Connections And Strategic Choices Of Emerging Market Firms: Case Study Of Russia’S Pharmaceutical Industry, Anton Klarin, Pradeep Kanta Ray

Research outputs 2014 to 2021

Purpose – The purpose of this paper is to investigate the importance of political connections in the emerging market context.

Design/methodology/approach – A case study analysis of three Russian pharmaceutical firms is conducted to uncover how they performed through the Russian transition – the institutional upheaval of the 1990s – and the ongoing state-led industrialization.

Findings – In the early years of transition, firms heavily rely on political networking to gain legitimacy and fill institutional voids. As institutions strengthen, the need for political networking is being substituted by arm’s length networking. Strengthening of institutions also results in a more stable …