... hand, private investments (captured by private gross fixed capital formation) are profit-driven businesses that generate income on capital assets and are financed by non-governmental organizations, institutions, private entities and individuals for the sole aim of maximizing profits. Available...

... behind the phenomenon. Findings The authors find that state ownership and governmental political support are two mechanisms of the transformation of state-owned enterprises (SOEs) to MNEs in Russia. Originality/value The topic is not covered sufficiently in the literature. The paper is based...