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In modern conditions corporations are a core of economic system and many macroeconomic indicators depend on growth of corporations. Quality and intensity of growth of corporations depend on many factors, both internal, and external. Institutional factors, including efficiency of the contract relations, level of tax burden, quality of corporate institutes have huge impact on growth of corporations. The purpose of this work – to reveal factors of growth of the Russian corporations and to construct models of the Russian corporations’ growth in a branch section. In research the assessment influence of tax loading on efficiency of the contract relations and growth of the Russian corporations is carried out. The analysis of growth of the Russian corporations in various branches (oil and gas, metallurgy, power industry) is carried out and models of their growth taking into account such factors, as tax burden, level of dividend payments and level of compensation of the administrative personnel are constructed. The degree of tax burden to efficiency improvement of contractual relations in Russian corporations was analyzed. The growth rate of sales revenue was taken as an indicator of the corporation efficiency. The factors influencing the growth rate of sales revenue were analyzed, the basis for the analysis was Cobb-Douglas production function with some clarifications.

Model of Growth of the Russian Corporations: Impaction of Institutional Factors