Sakaeva Maria

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  • № 4, 2013

    • Big Business and State Under Putin Transformation of Agency Relationship

      In the article the author attempts to employ a “principal-agent” model for explaining the evolution of the relationship between power and business during V.Putin’s first and second presidential terms. After compellingly demonstrating that from the beginning of the 2000s the state led by a new leader acted as a principal, whereas large business played the role of an agent, M.Sakaeva shows that, although state and private business were extremely interested in the balanced interaction, the internal instability of the positions reconciliation system exacerbated by the steps of one of the strongest business players that put the ruling elite in danger, led to the state re-orientation towards dominance strategy.

      DOI: 10.30570/2078-5089-2013-71-4-94-105