Firm performance and regional economic freedom: the case of Russia
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Anna Bykova & Dennis Coates (2020) Firm performance and regional economic freedom: the case of Russia, Post-Soviet Affairs, DOI: 10.1080/1060586X.2020.1785239
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This is an original manuscript / preprint of an article published by Taylor & Francis in JPost-Soviet Affairs on 26 Jun 2020, available online: http://www.tandfonline.com/10.1080/1060586X.2020.1785239.
This is an original manuscript / preprint of an article published by Taylor & Francis in JPost-Soviet Affairs on 26 Jun 2020, available online: http://www.tandfonline.com/10.1080/1060586X.2020.1785239.
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Abstract
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.