Culture of transparency

Russian firms initially founded in partnerships with foreign corporations are twice as transparent in reported earnings of their workers as other Russian firms, but they are still less than half as transparent as foreign firms themselves. We also find that increased links to foreign corporations, such as hiring more workers from them, raise the transparency of domestic firms. An important channel for this transmission appears to be the need to keep official wages and salaries of incumbent workers close to wages domestic firms have to pay to their newly hired workers with experience in multinationals.

That is from the new paper "Foreign Corporations and the Culture of Transparency: Evidence from Russian Administrative Data" by Serguey Braguinsky and Sergey V. Mityakov.