Title

Case Study of YUKOS

Author First name, Last name, Institution

Li-Chen Sim

Document Type

Book Chapter

Source of Publication

The Rise and Fall of Privatization in the Russian Oil Industry

Publication Date

1-1-2008

Abstract

Accounts of the rise and fall of YUKOS typically begin with the collateral auction of December 1995, and the subsequent sale of these shares together with an investment tender a year later, which gave Khodorkovskiy's Menatep group control of over 85% of YUKOS's shares.1 However, this focus on Khodorkovskiy mistakenly ignores the significance of the preceding years when YUKOS was founded and corporatized. During this time, the key roles were played by former members of the nomenklatura, whose ability to shape the development of YUKOS was a result of institutional legacies and incentives, as well as of personal choices and preferences. In contrast, Khodorkovskiy played a key role in the actual privatization of YUKOS in 1995 and was also central to the YUKOS affair of 2003"“2004.

Publisher

Palgrave Macmillan UK

First Page

49

Last Page

75

Disciplines

Business

Indexed in Scopus

no

Open Access

no

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