Privatization And Economic Performance In Central And Eastern Europe

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Privatization and Economic Performance in Central and Eastern Europe

Author : European Association for Comparative Economic Studies
Publisher : Unknown
Page : 424 pages
File Size : 41,7 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023662195

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Privatization and Economic Performance in Central and Eastern Europe by European Association for Comparative Economic Studies Pdf

Provides analysis of the impact of privatization on the economic performance of companies in Central and Eastern Europe. After considering theoretical issues, contributors provide an in-depth examination of corporate governance and company performance in advanced market and transition economies. A statistical and econometric analysis of extensive company-level data and interviews from a large number of firms between 1990 and 1997 is conducted to discover major factors in changing economic performance. The editor is affiliated with the Hungarian Academy of Sciences. Annotation copyrighted by Book News, Inc., Portland, OR

The Politics of Greed

Author : Andrew Harrison Schwartz
Publisher : Rowman & Littlefield Publishers
Page : 379 pages
File Size : 41,8 Mb
Release : 2006-10-12
Category : History
ISBN : 9781461645153

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The Politics of Greed by Andrew Harrison Schwartz Pdf

With the dissolution of the Soviet Empire, it seemed that market capitalism had triumphed and that democracy might replace authoritarian regimes. Economic reformers in the former Eastern Bloc rushed to liberalize prices and transfer state assets to private hands. They assumed that private owners in a market setting would have no choice but to behave rationally—that is, to invest in restructuring privatized enterprises so as to maximize profits. They also assumed that these owners would perceive a stable institutional environment as conducive to economic success and thus become a powerful lobby in favor of the rule of law, paving the way for democracy. The post-communist reality turned out to be very different. Private owners found that in a weak state with limited laws and regulations and ineffective corporate governance structures, it was more lucrative to steal enterprise assets and exploit opportunities for arbitrage than to restructure enterprises. The lesson learned is that not all forms of private ownership are the same. As this book's in-depth political history of privatization in Central and Eastern Europe demonstrates, the way that assets are privatized matters, both with respect to national economic performance and the successful development of the rule of law. Andrew Harrison Schwartz had unprecedented access to high-level Czech government officials during the Czech Republic's privatization process. This book is the result of the unique insights he gained and the innovative analytical framework he subsequently developed—ownership regime theory—which for the first time places ownership structures at the center of political transition analysis. Engaging and important, The Politics of Greed applies ownership regime theory to a broad range of post-communist privatization cases, including those of the Czech Republic, Poland, Hungary, Russia, and Ukraine.

Privatization and Entrepreneurship

Author : Erdener Kaynak,Alfred Lewis,Arieh A Ullmann
Publisher : Routledge
Page : 410 pages
File Size : 41,9 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781135840198

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Privatization and Entrepreneurship by Erdener Kaynak,Alfred Lewis,Arieh A Ullmann Pdf

Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe analyzes the challenges faced by managers in the transforming economies of Central and Eastern Europe and provides penetrating insights into the details of managing in the former socialist countries. This collection’s combination of conceptual/theoretical material with empirical, firsthand case analysis prepares Western managers for a more profitable and less stressful entry into these significant markets. This enlightening book highlights the complexity and breadth of the issues and problems of successfully entering new markets in Central and Eastern Europe. Along the way, you are introduced to such topics as consumer behavior and shown the different forms of foreign direct investment with their associated problems and benefits. If you are searching for ways to better prepare for business in these markets, this book can help you meet your objectives with its helpful information on: ethical concerns and linguistic difficulties of managing in transforming economies management challenges of privatization management challenges of entrepreneurship strategic issues associated with the reorientation of enterprises corporate constituencies, changing consumers, labor unions, and pay practices Privatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.

Privatization in Eastern and Central Europe

Author : Farid Dhanji,Branko Milanovi?
Publisher : World Bank Publications
Page : 33 pages
File Size : 48,7 Mb
Release : 1991
Category : Europe, Eastern
ISBN : 8210379456XXX

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Privatization in Eastern and Central Europe by Farid Dhanji,Branko Milanovi? Pdf

The privatization process must be seen as transparent and absolutely above reproach and the rules of the "market" game must be clearly enunciated and adhered to in divestitures. Improvements in economic performance will be considerably diluted if the new market economy is based on an extensive network of special privileges.

Privatization and Restructuring in Central and Eastern Europe

Author : Gerhard Pohl
Publisher : World Bank Publications
Page : 48 pages
File Size : 53,6 Mb
Release : 1997-01-01
Category : Business & Economics
ISBN : 0821339753

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Privatization and Restructuring in Central and Eastern Europe by Gerhard Pohl Pdf

Why do women in most developing countries lag behind men in literacy? Why do women get less schooling than men? This anthology examines the educational decisions that deprive women of an equal education. It assembles the most up-to-date data, organized by region. Each paper links the data with other measures of economic and social development. This approach helps explain the effects different levels of education have on womens' fertility, mortality rates, life expectancy, and income. Also described are the effects of women's education on family welfare. The authors look at family size and women's labor status and earnings. They examine child and maternal health, as well as investments in children's education. Their investigation demonstrates that women with a better education enjoy greater economic growth and provide a more nurturing family life. It suggests that when a country denies women an equal education, the nation's welfare suffers. Current strategies used to improve schooling for girls and women are examined in detail. The authors suggest an ambitious agenda for educating women. It seeks to close the gender gap by the next century. Published for The World Bank by The Johns Hopkins University Press.

Going to Market

Author : Manuel Hinds,Gerhard Pohl
Publisher : World Bank Publications
Page : 27 pages
File Size : 48,9 Mb
Release : 1991
Category : Post-communism
ISBN : 8210379456XXX

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Going to Market by Manuel Hinds,Gerhard Pohl Pdf

Insights into the major task of privatization facing Eastern European countries: about the key decisions to be made and about such important issues as whether to sell state enterprises or give them away (and to whom and in what sequence).

Privatizing Eastern Europe

Author : J.M. Van Brabant
Publisher : Springer Science & Business Media
Page : 343 pages
File Size : 54,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401128346

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Privatizing Eastern Europe by J.M. Van Brabant Pdf

This volume is meant to be a modest contribution to the ongoing debate about the transitions away from the administrative planning environment typical of the former communist regimes. The central subject matter is a fairly special one, namely the privatization of these economies together with the restoration and effective monitoring of property rights. These are paramount tasks of the ongoing transformations once progress toward pOlitical democracy is secured. Though I would not allot divestment of existing state-owned assets the kind of pivotal importance that some observers reserve for it, changing rules on the utilization of these assets is evidently at the core of what the transition toward market-based economic systems should be all about. Rather than examining the entire range of issues that surround the controvery on privatization, this volume is primarily concerned with the economics of taking the state out of the decision making about existing assets. Among the several aspects of this discussion three stand out. One is the establishment of clear property rights. This is fundamental to minimize trans action costs in an environment where decisions will increasingly be taken by independent economic agents acting on their own account. Second, I look only incidentally at the various angles of creating capital markets, particularly for existing assets, in these economies.

Privatization Surprises in Transition Economies

Author : Milica Uvalić,Daniel Vaughan-Whitehead
Publisher : Edward Elgar Publishing
Page : 348 pages
File Size : 48,5 Mb
Release : 1997
Category : Business & Economics
ISBN : UOM:39015040687231

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Privatization Surprises in Transition Economies by Milica Uvalić,Daniel Vaughan-Whitehead Pdf

A wide-ranging survey which considers employee ownership within privatization legislation and its diffusion and implementation problems in 14 transitional economies. Ten articles address issues such as enterprise restructuring, employment, wages, productivity, and investment policies. The authors conclude that the employee ownership method has proven to be one of the quickest and has brought with it many positive changes. They also identify possible improvements such as the use of employee ownership in combination with other methods. Annotation copyrighted by Book News, Inc., Portland, OR

Privatization, Liberalization, and Destruction

Author : László Csaba
Publisher : Dartmouth Publishing Company
Page : 328 pages
File Size : 53,5 Mb
Release : 1994
Category : Business & Economics
ISBN : UCSC:32106010482203

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Privatization, Liberalization, and Destruction by László Csaba Pdf

The volume is a selection of papers devoted to key issues of economic transformation; privatization, liberalization, the role of the financial sector and external economic relations. The interplay of these four areas of transition strategy forms the backbone of the collection.

Employee Ownership in Privatization

Author : Felix FitzRoy
Publisher : Unknown
Page : 60 pages
File Size : 48,6 Mb
Release : 1998
Category : Employee ownership
ISBN : CORNELL:31924082784814

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Employee Ownership in Privatization by Felix FitzRoy Pdf

Based on empirical evidence, examines experiences of employee ownership within the context of privatization legislation and its diffusion and implementation problems in 14 transitional economies. Presents some of the weaknesses of privatization and identifies possible improvements such as the use of employee ownership in combination with other privatization methods.

Privatization in Eastern Europe

Author : Roman Frydman,Andrzej Rapaczynski
Publisher : Unknown
Page : 246 pages
File Size : 41,9 Mb
Release : 1994
Category : Business & Economics
ISBN : UCSC:32106018777877

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Privatization in Eastern Europe by Roman Frydman,Andrzej Rapaczynski Pdf

The creation of new economic and legal mechanisms to replace the fallen communist systems of Eastern Europe must surely count as one of the greatest organizational challenges of this century, and economists and politicians alike are constantly grappling with the enormity of the transformation to be achieved. In this volume, the authors give an in depth explanation of their now widely adopted approach to 'privatizing privatization' and chart the evolution of their thinking, particularly in reaction to real events and prevailing conditions. Expanding on the theme of transferring ownership to the private sector through a system of free vouchers and independent intermediaries, Professors Frydman and Rapaczynski address the dangers of bureaucratization and the delicate balance between the evolutionary elements and imposed regulations that must be achieved to make the transition a success. The perfect companion volume to The Privatization Process in Central Europe, this collection of essays provides a brilliant explanation of the most widely accepted theory of privatization in Eastern Europe today.

Privatization at the End of the Century

Author : Herbert Giersch
Publisher : Springer Science & Business Media
Page : 362 pages
File Size : 48,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642608254

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Privatization at the End of the Century by Herbert Giersch Pdf

At the end of the century, privatization has become a worldwide phenomenon. It is taking place in what was once called the first, the second, and the third world. The volume mirrors this expansion of privatization. In Part I on the economics of privatization, historical, theoretical, and politico-economic issues are covered. In Part II country studies are presented for China, the Czech Republic, Eastern Germany, Estonia, Hungary, Poland, Russia and the United Kingdom. In Part III a broader view on privatization is taken by including deregulation and the private provision of public goods and services.The book contains contributions by D.BAs, T.Eggertsson, R.P.Heinrich, P. Jasinski, H.Klodt, B.Krug, D.Lal, S.C.Littlechild, M. Mejstrik, P.Mihalyi, P.Plane, J.-J.Rosa, K.M.Schmidt and M.Schnitzer, and U.Siegmund.

Privatization Processes in Eastern Europe

Author : Mario Baldassarri,Luigi Paganetto,Edmund S. Phelps
Publisher : Springer
Page : 273 pages
File Size : 42,9 Mb
Release : 1993-12-15
Category : Business & Economics
ISBN : 9781349230907

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Privatization Processes in Eastern Europe by Mario Baldassarri,Luigi Paganetto,Edmund S. Phelps Pdf

Privatising firms and liberalizing their market environment generates in Eastern Europe a variety of problems, many of which are not common to the analogous attempts in industries countries. A first difference between the two experiences resides in establishing the value of the firm or of the assets that are being privatized. A second main difference concerns the lack of the record of market performance for the firm. The book explores these open questions through an overview of on-going and proposed processes in Section 1. In Section 2 theoretical foundations of privatization processes are proposed with respect to the financial market, industrial relations and foreign trade. A final key question is faced in Section 3: 'is there any alternative to privatization?'

Private Ownership and Corporate Performance

Author : Anonim
Publisher : World Bank Publications
Page : 44 pages
File Size : 42,6 Mb
Release : 1997
Category : Business enterprises
ISBN : 8210379456XXX

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Private Ownership and Corporate Performance by Anonim Pdf

The assumption behind privatisation in eastern Europe and elsewhere is that private ownership improves corporate performance. We focus on comparing the performance of state firms with either private or privatised firms operating under reasonably similar conditions in three countries of eastern Europe. We supplement this comparison by an examination of the relative performance of privatised and state firms in the period before the former were privatised. Our empirical results confirm the hypothesis that the effect of ownership change is particularly pronounced on the revenue side of corporate performance. In general, we find that firms with outsider owners significantly outperform the firms with insider owners on most performance measures, and that the employees are particularly ineffective owners (indeed less effective than the state). Subscribe to publications email alerts.

Creating Capital Markets in Central and Eastern Europe

Author : Gerhard Pohl,Grzegorz J?drzejczak,Robert Edward Anderson
Publisher : World Bank Publications
Page : 46 pages
File Size : 40,6 Mb
Release : 1995-01-01
Category : Business & Economics
ISBN : 0821333704

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Creating Capital Markets in Central and Eastern Europe by Gerhard Pohl,Grzegorz J?drzejczak,Robert Edward Anderson Pdf

Addresses the challenge Hungary faces in overcoming threatening deficits in its current and fiscal accounts without hampering economic growth. The Hungarian economy is emerging from a severe four-year recession with positive developments on numerous economic fronts, but with major weaknesses remaining because of large current and fiscal account deficits. This book addresses the challenge Hungary faces in overcoming these deficits without hampering economic growth. The report examines the country's macroeconomic performance in the first half of the 1990s and the stabilization package launched in March 1995. It explores the structure of fiscal revenues, pension reform, and enterprise and banking reforms. The study also looks at the impact of structural reforms on future economic growth and at Hungary's bid to integrate with the European Union.