Russian companies are valued at a fraction of competitors in the US, EU and China. The cost is underestimated due to weak corporate governance, investment environment and legal protection, experts have found “SKOLKOVO” and UCP
Photo: Maxim Stulov / Vedomosti / TASS
The Russian businessman is the sale of a business can count on a amount of two to four times less than a competitor of the largest countries in Western Europe, USA and most countries of the BRICS. These are the findings of a study of the Moscow school of management SKOLKOVO and investment group UCP (RBC). The report with proposals was sent to the Central Bank, told RBC press service of the UCP.
The research covers the 30 largest economies in the world, which produce 82% of global GDP. Countries were compared on the basis of its own “index of the cost of business.” It takes into account 19 influencing the evaluation of business indicators in five categories: macroeconomic, security, investment, interest rates, availability of capital and tax policy. The closer the index value to 100, the closer the performance of the country for the best practices.
Russia was in 27 th place with an index of 29.26, behind the developed markets and the BRICS countries. A similar assessment presented previously, the Global competitiveness index of the world economic forum. In it Russia has occupied 38-e a place in 2018.