An Empirical Investigation of Trends in Barter Activity in the Russian Federation

The International Journal of Accounting 40 (2005): 39-63

Posted: 23 Dec 2015

Date Written: December 21, 2005

Abstract

Barter, which has dominated the Russian economic landscape for years, has significant economic and accounting implications. Barter often camouflages Russian businesses’ financial and tax statements making true costs, prices, values, and profits a mystery, thereby compromising financial-statement transparency. Contemporary literature suggests that barter is still rampant in Russia. For this study a group of Russian businesspersons were asked to complete a survey regarding the levels of barter in Russia since 1996. The empirical evidence we collected provides insight into recent trends in barter in Russia, including indication that the incidence of barter has dramatically decreased. These findings have significant implications for Russian business and economic development. A reduction in barter is likely to enhance financial-statement transparency, thus minimizing information risk for potential investors and creditors.

Suggested Citation

Fleischman, Gary and Herz, Paul, An Empirical Investigation of Trends in Barter Activity in the Russian Federation (December 21, 2005). The International Journal of Accounting 40 (2005): 39-63, Available at SSRN: https://ssrn.com/abstract=2706840

Gary Fleischman (Contact Author)

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

Paul Herz

Independent ( email )

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