Dear colleagues, I remember to have read a claim that foreign owners in Russia need at least 75% share to run the company effectively. There was reasoning such as otherwise it is hard to discipline the minority owners and managers etc. It is possible that such "rule" is not valid anymore (perhaps the legal framework and institutions work better now). However, what is more important for me, I cannot find the work where I read this. I am quite certain it was reviewed journal indexed by WoS, so no grey literature. If anyone has an idea, please let me know. Thank you.
yes, you are right. this fact is mentioned in book titled "From Disintegration to Reintegration: Eastern Europe and the Former Soviet " from World Bank publication. pg 303 (para 1, line 11).
Dear Surya,
Thank you for your help. However, I could not find it anywhere in the text (https://openknowledge.worldbank.org/handle/10986/7511). The place you refer to mentions official requirement about employment in banks. I am looking for unofficial recommendation about ownership structure.
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