MNEs from Russia and CIS: from national champions to global players

The second article, entitled “Political connections and strategic choices of emerging market firms: case study of Russia’s pharmaceutical industry” by Klarin and Ray, is a case study of three Russian pharmaceutical firms that uncovers how they performed through the Russian transition – the institutional upheaval of the 1990s and the ongoing state-led industrialization. The study shows that a better business environment in the host country is crucially important, whereas the development of business freedom at home may make cross-border mergers and acquisitions less attractive and may increase the likelihood of these deals’ abandonment. [...]The MNEs from Russia and the CIS have become an increasingly visible feature of the global business ecosystem and will certainly occupy the minds of scholars not only from international business, but also from other disciplines.