Comparative Analysis of Economic and Social Results of Foreign and Domestic Firms: Case Russian Electronic Industry

This research focuses on investigating and comparing economic and social results of foreign and joint ownership (FJO) and domestic (Russian ownership - RO) enterprises. We analyze the differences between FJO and RO enterprises for the subsection DL "Manufacture of electrical and optical equipment". Multivariate statistical analysis of subsection DL is performed at the Russian regional level for enterprises, broken down by forms of ownership. Based on correlation, cluster and factor analysis of the 23 initial indicators, 14 new factor indicators were formed. Comparing the average values between the factor indicators we revealed the following statistically significant differences. In subsection DL FJO enterprises are smaller than RO enterprises. They have significantly lower labor intensity and payroll-output ratio but higher average salary than the RO enterprises. FJO enterprises invest a large part of the funds to purchase a foreign machinery and equipment. At the same time they have higher share of material costs and payroll in shipped products than the RO ones. Our analysis did not confirm a higher investment activity and growth rates of FJO enterprises in subsection DL during the post-crisis period 2010-2013.