TY - UNPB
T1 - Market asymmetries, arbitrage and transition: the case of Russia
AU - Glazunov, M.
N1 - Copyright and all rights therein are retained by the authors. All persons copying this information are expected to adhere to the terms and conditions invoked by each author's copyright. These works may not be re-posted without the explicit permission of the copyright holders.
PY - 2010
Y1 - 2010
N2 - This paper develops the concept of corporate strategy as a process of arbitrage between markets where asymmetries are exploited by corporate managers. From a development position, this article argues that arbitrage is possible when encountering price asymmetries where there is a technical opportunity to realize arbitrage. Examples are taken from Russian forestry, construction and mining and car industries reveal how executives can create and employ price asymmetries. However the concept of arbitrage can be extended where there are, for example, opportunities to exploit differences in health and safety, labour law more generally, environmental regulations and knowledge.
AB - This paper develops the concept of corporate strategy as a process of arbitrage between markets where asymmetries are exploited by corporate managers. From a development position, this article argues that arbitrage is possible when encountering price asymmetries where there is a technical opportunity to realize arbitrage. Examples are taken from Russian forestry, construction and mining and car industries reveal how executives can create and employ price asymmetries. However the concept of arbitrage can be extended where there are, for example, opportunities to exploit differences in health and safety, labour law more generally, environmental regulations and knowledge.
M3 - Working paper
T3 - UHBS Working Paper
BT - Market asymmetries, arbitrage and transition: the case of Russia
PB - University of Hertfordshire
ER -