The major reason for focusing on this subject was the fact that the current state and further transformation of Russian medium and large sized enterprises became a challenge for the continuation and success of transition related reforms. Despite certain positive tendencies, numerous enterprises still adjust themselves to ongoing changes without considerable market adaptation and modernization. The emerging ownership structure and financial markets demonstrate limited positive influence on stockholders' incentives, decision-making process and strategies of restructuring. Possibilities for a joint research project on the motivations and behavior of enterprises in transition economies were also discussed. This paper by Dr. Alexander S. Bim examines challenging processes of ownership transformation at Russian privatized enterprises and their impact on investments and other key factors of enterprise restructuring.
Analysis is focused on controversial behavioral strategies of managers and other new owners.