Transnational Corporations

This journal takes a fresh look at major legal, sectorial, regional and environmental issues facing corporations operating internationally. Released three times a year, it provides in-depth policy-oriented research findings on significant issues relating to the activities of transnational corporations.


The motives of Russian state-owned companies for outward foreign direct investment and its impact on state-company cooperation: observations concerning the energy sector

This paper analyses cooperation between state institutions and state-owned energy companies of the Russian Federation on the basis of three examples of outward foreign direct investments (OFDI): the acquisition by nuclear power company Atomstroyexport of Nukem Technologies in Germany; the gas giant Gazprom and its South Stream investment package in Hungary; and the oil company Zarubezhneft’s acquisition of the Optima Group in Bosnia-Herzegovina. The research is based on the analyses of media reports, official state and company documents, and interviews conducted with representatives of the state-owned energy companies and state officials. The analysis suggests that Russian state-owned energy companies only initiate cooperation with state institutions when the circumstances require certain financial and diplomatic support to conduct OFDI.


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