NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Sergey V. Mityakov

John E. Walker Department of Economics
Clemson University
222 Sirrine Hall
Clemson SC 29634

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NBER Working Papers and Publications

January 2012Foreign Corporations and the Culture of Transparency: Evidence from Russian Administrative Data
with Serguey Braguinsky: w17731
Foreign-owned firms from advanced countries carry the culture of transparency in business transactions that is orthogonal to the culture of hiding and insider dealing in many developing economies and economies in transition. In this paper, we document this using administrative data on reported earnings and market values of cars owned by workers employed in foreign-owned and domestic firms in Moscow, Russia. We examine whether closer ties to foreign corporations result in the diffusion of transparency to private Russian firms. We find that Russian firms initially founded in partnerships with foreign corporations are twice as transparent in reported earnings of their workers as other Russian firms, but they are still less than half as transparent as foreign firms themselves. We also find tha...

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December 2011Foreign Corporations and the Culture of Transparency: Evidence from Russian Administrative Data
with Serguey Braguinsky
in Causes and Consequences of Corporate Culture, Luigi Zingales and James Poterba, organizers
 
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