Abstract
This chapter addresses the organizational responses to external pressures in Putin’s Russia by contrasting area studies in the three strands of neo-institutionalism: sociological, historical and the new institutional economics. The focus is on the labour market, human resource management, and the factors that favour or hinder the emergence of entrepreneurship and the spin-off of new firms. The conclusion is that informal arrangements have worked as social shock absorbers. However, the downsides of the model are not negligible. Firstly, the widespread non-compliance with formal rules and contractual norms provides few incentives for individuals to invest in the improvement of their human capital. Second, this model allowed many non-viable enterprises to remain on the market thus contributing to the preservation of obsolete jobs, technologies and structures.
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© 2015 Bruno Grancelli
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Grancelli, B. (2015). Enterprise Governance and the Administrative Regime: History Matters. In: The Architecture of Russian Markets: Organizational Responses to Institutional Change. Palgrave Pivot, London. https://doi.org/10.1057/9781137508492_3
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DOI: https://doi.org/10.1057/9781137508492_3
Publisher Name: Palgrave Pivot, London
Print ISBN: 978-1-349-50610-1
Online ISBN: 978-1-137-50849-2
eBook Packages: Palgrave Political Science CollectionPolitical Science and International Studies (R0)