Joint Venture Strategy for Emerging Economy: Evidence From Russian Energy Sector

is paper investigates the strategies of global companies operating i n power generation and supply, electrical equipment, and oil and gas industries in Russia. Russian energy sector has been considered by these companies as a huge and perspective and Russia has shown in the last two decades the greatest activity in the "eld of internationalization of major national industries through IJVs. Local joint ventures are therefore one of the cornerstones of these "rms strategy in the respective energy sec- tors of Russia's economy. !ese partnerships facilitate the entry process to Russi a, raise an e#ciency of post-entry operations, and prevent the state intervention in Russian operations of western comp anies.