Data on Russian Voucher Fund Allies

(% of funds listing giving shareholder among three most cooperative
and three least cooperative shareholders, respectively)
			Most cooperative	Least cooperative
Management			67.2			32.8     
Voucher Funds			64.1			19.5     
Investment Companies		33.6			 5.5     
Banks				32.0			 7.8     
Domestic Commercial Entities	22.7			16.4     
Physical Persons		17.2			24.2     
Subgroups among non-managerial                                   
employees			11.7			43.0     
Non-managerial employees	11.7			46.9     
Foreign financial investors	10.9			 6.3     
State				10.2			50.0     
Pension funds and insurance                                      
companies			 9.4			14.1     
Foreign investors		 4.7			 7.0     

Note: 128 funds had valid responses to this question.

SourceFrydman, Pistor, and Rapaczynski, Table 17.

topic Enterprise Restructuring in the FSU