Firm performance and regional economic freedom: the case of Russia

This study investigates whether the economic freedom of a region drives firm performance. Despite the large number of papers about the relationship between economic freedom and growth, there is still little evidence on the role of economic freedom in the performance of individual firms. We address t...

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Bibliographic Details
Published inPost-Soviet affairs Vol. 36; no. 5-6; pp. 395 - 415
Main Authors Bykova, Anna, Coates, Dennis
Format Journal Article
LanguageEnglish
Published Columbia Routledge 01.11.2020
V.H. Winston & Sons Incorporated
Subjects
Companies
company performance
Economic freedom
Freedoms
institutions
Linear analysis
Organizational performance
Regional differences
Regional variations
Russia
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Summary:This study investigates whether the economic freedom of a region drives firm performance. Despite the large number of papers about the relationship between economic freedom and growth, there is still little evidence on the role of economic freedom in the performance of individual firms. We address this gap in the literature using hierarchical linear modeling, allowing us to investigate regional differences in company-level performance. The dataset consists of information about 1,096 companies combined with the Index of Economic Freedom for Russian regions during the period 2004-2014.
ISSN:1060-586X
1938-2855
DOI:10.1080/1060586X.2020.1785239