Journal of Undergraduate Research
Keywords
banks, corporate governance, finance, Russia, oil industry
College
Family, Home, and Social Sciences
Department
Political Science
Abstract
The oil industry is crucial to the Russian economy. Approximately 5 percent of Russia’s GDP, 20 to 30 percent of its hard currency export revenues, and about 10 percent of it tax revenues come from the oil industry (1). Since 1988, however, oil production in Russia has steadily declined (at a rate of 7-14 percent annually) (2). Perhaps more than anything else, in order to rejuvenate itself, the Russian oil industry needs capital and foreign expertise.
Recommended Citation
Beck, Hugh C. and Griffin, Dr. John R.
(2013)
"Banks, Corporate Governance and Finance in Russia: The Case of the Oil Industry,"
Journal of Undergraduate Research: Vol. 2013:
Iss.
1, Article 367.
Available at:
https://scholarsarchive.byu.edu/jur/vol2013/iss1/367