Restructuring And Managing The Enterprise In Transition

Author : Roy L. Crum,Itzhak Goldberg
Publisher : World Bank Publications
Page : 428 pages
File Size : 51,7 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 0821336584

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Restructuring and Managing the Enterprise in Transition by Roy L. Crum,Itzhak Goldberg Pdf

A wide gap still exists between Western concepts and their application in the ex-socialist countries during transition. Most Western models in financial management make assumptions about the efficiency and stability of markets and the signals that can be obtained and also assume that traditional accounting information is available and can be used for management purposes. A new paradigm is needed to manage the finance function in a transition economy experiencing hyperinflation since stamdard assumptions are not valid in most ex-socialist countries. This book describes the adaptations of financial techniques as it reviews standard financial concepts and tools, adjusts them when necessary to the unique conditions in the ex-socialist enterprises, and then presents the restructuring context and some strategies that are based on the application of these tools.

Author : Simeon Djankov,Peter Murrell
Publisher : World Bank Publications
Page : 36 pages
File Size : 51,6 Mb
Release : 2000-01-01
Category : Political Science
ISBN : 0821348159

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The Determinants of Enterprise Restructuring in Transition by Simeon Djankov,Peter Murrell Pdf

Over the last decade, more than one hundred fifty thousand large enterprises in twenty seven transition countries have encountered revolutionary changes in every aspect of their political and economic environments. Some enterprises have responded to the challenge, entering world markets with great dynamism and becoming indistinguishable from their competitors in mature market economies. Others remain mired in their past, undergoing protracted deaths, delayed at times by their slippage into a netherworld of barter and ersatz money. Thus the revolutionary changes in transition countries have been matched by great variation in the degree to which enterprises have responded successfully to events. To assess the effectiveness of the different reform and privatization strategies, empirical research on transition countries has examined enterprise level data to ascertain whether enterprises have responded productively to changes in ownership and to other reform measures. This volume provides a general assessment of the evidence generated by these studies. In providing the assessment, it: discusses the general context of the studies; assesses the evidence on whether state-owned or privatized firms undertake more economic restructuring; studies the effects of restructuring on different types of owners; focuses on the role of managers; analyzes the effect of greater discipline in the government's reaction to enterprises in distress; examines how variations in product market competition affect enterprise restructuring; and examines the role of the institutional and legal framework. This publication will be of interest to policy makers and readers interested in gaining an overview of the current state of the evidence.

Author : Wendy Carlin,John Van Reenen,Toby Wolfe,European Bank for Reconstruction and Development
Publisher : Unknown
Page : 104 pages
File Size : 44,7 Mb
Release : 1994
Category : Europe, Central
ISBN : IND:30000106405230

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Enterprise Restructuring in the Transition by Wendy Carlin,John Van Reenen,Toby Wolfe,European Bank for Reconstruction and Development Pdf

Recent empirical and theoretical work on the transition economies has emphasised the importance of internal bargaining and incentives. This paper constitutes, the first attempt to systematise the large and growing body of case studies of enterprise restructuring in Poland, Hungary, Slovakia, Russia and the Czech Republic. We begin from a framework in which the incentives and constraints on managers are crucial for the success of transforming enterprises into value maximising firms. The forms of, and the constraints on, active behaviour are examined for each enterprise across the dimensions of internal organisation, product and labour markets and investment.

Author : Gary Krueger
Publisher : Routledge
Page : 240 pages
File Size : 48,6 Mb
Release : 2015-07-17
Category : Business & Economics
ISBN : 9781317471448

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Enterprise Restructuring and the Role of Managers in Russia by Gary Krueger Pdf

This book tells the story of what might have been considered an unlikely source of dynamic change in Russia - formerly state-owned manufacturing enterprises and their managers. Based on interviews conducted over a six-year span with managers at 47 manufacturing, light industry, consumer durable, and food processing firms in four Russian cities, the study documents the real world challenge of turning hidebound, often dysfunctional manufacturing operations into thriving companies. With analytical rigor and theoretical creativity, this work will dispel some common misconceptions about the Russian economy and make a contribution to the literature about management, company strategies, and corporate governance.

Author : Simon Commander,Qimiao Fan,Mark E. Schaffer
Publisher : World Bank Publications
Page : 312 pages
File Size : 46,7 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 0821337254

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Enterprise Restructuring and Economic Policy in Russia by Simon Commander,Qimiao Fan,Mark E. Schaffer Pdf

Considers the achievements and challenges facing East Asia's workers. The report reviews labor outcomes and evaluates the benefits of rapid growth to workers and the impact that the region's role in the global economy has had on them. It also examines labor market policies and institutions in the region, labor in the transition economies, and the outlook for East Asian workers in the 21st century. Also available: World Development Report 1995: Workers in an Integrating World Stock no. 61102 (ISBN 0-19-521102-2).

Author : Anjali Kumar
Publisher : Springer
Page : 315 pages
File Size : 50,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349230105

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State Holding Companies and Public Enterprises in Transition by Anjali Kumar Pdf

'...very valuable for both policy-makers and researchers...' Professor Athar Hussain, Director, Development Economics Research Programme, STICERD, The London School of Economics and Political Science 'The really novel idea is to bring together the experience of three rather diverse countries and then to discuss Eastern Europe in the light of this experience. State holding companies are likely to play a major role in Eastern Europe over the next ten years or more but very little has been written on them and few of the people advising the East Europeans have any real knowledge about them.' Professor Robert Rowthorn, University of Cambridge '...rich and substantial...' Professor John Toye, Institute of Development Studies, University of Sussex '...most informative...The conclusions are appropriately restrained, well-balanced and wise...The emphasis on the differences between portfolio management and enterprise management is a distinction that East Europe will eventually have to learn.' Raymond Vernon, Emeritus Professor, John F.Kennedy School of Government, Harvard University Large and poorly performing state-owned enterprises pose a problem for countries attempting to move away from government controls towards more liberal economic environments. Privatization is an unproven solution which is proving difficult to implement on a major scale. Intermediate solutions may therefore prove to be the way forward. This book focuses on one of these: the state holding company. It first discusses the state holding company as a managerial form, which permits decentralised public enterprise management, and offers a framework for its analysis. Then, drawing upon the experience of both developed and developing countries, it examines the extent to which the indirect state ownership of public enterprises through holding companies can contribute to transition processes. It shows that the experience of countries like Italy, Egypt and Algeria has direct relevance for institutional structures evolving in the newly transforming countries of Eastern Europe, which are struggling to find a balance between public enterprise ownership and efficiency.

Author : Valdas Samonis
Publisher : Psychology Press
Page : 238 pages
File Size : 53,8 Mb
Release : 1998
Category : Business & Economics
ISBN : 0789005336

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Enterprise Restructuring and Foreign Investment in the Transforming East by Valdas Samonis Pdf

Enterprise Restructuring and Foreign Investment in the Transforming East: The Impact of Privatization explores the dynamic interrelationships between enterprise restructuring and foreign investment in transition economies of postcommunist countries, especially those of Central and Eastern Europe (CEE). This important book offers investors and international businesses a continuum from theory to praxis as it discusses theoretical and methodological issues and empirical and practical implications of economic relationships to show how these interrelationships manifest themselves in prevailing trends, policy tradeoffs, and business strategies. Contending that the transformation to a state-owned enterprise to a capitalistic corporation involves more than reacting to economic incentives, Enterprise Restructuring and Foreign Investment in the Transforming East examines why enterprises need access to capital markets, finance investments, and acquire new capabilities in order to successfully compete in a market economy. Some of the strategies you will find that relate to common elements of the restructuring process include: a shift to a less hierarchal organization structure the adoption of Western financial management and accounting practices the introduction of stricter budget constraints the evolution of the marketing function and the rationalization of product ranges according to market needs Informative and intelligent, this book offers you a firsthand look at the complex and critical topic of restructuring as it relates to the realization of benefits of privatization at both the micro and macro levels. Using a case study approach, Enterprise Restructuring and Foreign Investment in the Transforming East gives you in-depth knowledge of the actual empirical/practical processes as they have been experienced in transition economies.

Author : CLIFFORD GADDY AND BARRY W. ICKES
Publisher : Unknown
Page : 38 pages
File Size : 54,8 Mb
Release : 1998
Category : Electronic
ISBN : UOMDLP:b1951221:0001.001

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TO RESTRUCTURE OR NOT TO RESTRUCTURE: INFORMAL ACTIVITIES AND ENTERPRISE BEHAVIOR IN TRANSITION by CLIFFORD GADDY AND BARRY W. ICKES Pdf

Author : Vincent Edwards,Gennadij Polonsky,Danijel Pucko,Malcolm Warner,Ying Zhu
Publisher : Routledge
Page : 221 pages
File Size : 44,7 Mb
Release : 2005-02-25
Category : Business & Economics
ISBN : 9781134305599

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Management in Transitional Economies by Vincent Edwards,Gennadij Polonsky,Danijel Pucko,Malcolm Warner,Ying Zhu Pdf

This book examines the past, present and future of management in the transitional economies of East and Central Europe, Russia, the People's Republic of China, and Vietnam.

Author : Philip Robert Harris
Publisher : San Francisco, Calif. : Jossey-Bass
Page : 448 pages
File Size : 47,5 Mb
Release : 1985
Category : Corporate culture
ISBN : UCSC:32106007760686

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Management in Transition by Philip Robert Harris Pdf

Author : Mr.Juan Zalduendo
Publisher : International Monetary Fund
Page : 19 pages
File Size : 40,5 Mb
Release : 2003-06-01
Category : Business & Economics
ISBN : 9781451855838

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Enterprise Restructuring and Transition by Mr.Juan Zalduendo Pdf

This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes that private sector ownership, hard budget constraints, and market-based economic institutions have served to strengthen corporate performance. The paper also shows that the predominance of insider privatization and the resulting low ownership concentration is one of the reasons for the poor performance of surviving firms.

Author : Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh
Publisher : Routledge
Page : 445 pages
File Size : 49,5 Mb
Release : 2020-11-30
Category : Business & Economics
ISBN : 9781315481791

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Restructuring and Privatization in Central Eastern Europe by Saul Estrin,Joseph C. Brada,Alan Gelb,Inderjit Singh Pdf

This volume presents cases from a World Bank study of state-owned industrial firms in Poland, Hungary and the Czech and Slovak republics. Topics that are covered include: structure of the industry; history of the firm; and product mix and sales pattern.

Author : Anthony T H Chin,Ng Hock Guan
Publisher : World Scientific Publishing Company
Page : 688 pages
File Size : 45,9 Mb
Release : 1996-10-04
Category : Business & Economics
ISBN : 9789813103184

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Economic Management and Transition Towards a Market Economy by Anthony T H Chin,Ng Hock Guan Pdf

Much attention has been focused in recent years on the transformation of the economies of Eastern and Central Europe and the former Soviet Union. However, a growing demand for policy advice, technical assistance and expertise is also coming from Asian reforming countries such as China, Mongolia, Vietnam, Laos and Cambodia. In addition, business communities abroad are increasingly interested in exploring investment and marketing opportunities in these reforming countries. Such developments are too important to overlook or ignore. The transformation of socialist economies towards market-based systems entails an unusually wide range of problems. Studies of related topics are complicated by the speed of the changes and the lack of clear historical precedents. Although the structural features of Asian reforming economies are in important ways different from those of the Eastern European economies, all socialist economies share similar fundamental conditions on the eve of economic reform which raise a similar set of reform issues. This volume brings together a rich collection of expertise and information in an attempt to shed some light on the transitional process in Asia. The contributions are by no means exhaustive. However, they provide the reader and analyst with an excellent starting point to the problems and prospects which are specific to Asian transforming economies.

Author : Yaman Kouli,Uwe Müller
Publisher : Berghahn Books
Page : 258 pages
File Size : 40,9 Mb
Release : 2023-11-10
Category : Political Science
ISBN : 9781805393955

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The Middle-Income Trap in Central and Eastern Europe by Yaman Kouli,Uwe Müller Pdf

Since the 1990s, the economic development of Central and Eastern Europe has maintained high economic growth rates, seemingly leading to an era of prosperity. This very positive vision of future economic success, linked to current political backlash and a long history of economic adversity, is a thin veil of the economic “way west” for so-called transition countries. The Middle-Income Trap in Central and Eastern Europe examines the reality of the diminishing marginal utility of further international investments alongside the pitfalls of higher government spending to cultivate innovation which ultimately makes foreign capital less attractive. In this volume authors from diverse disciplinary perspectives reflect on current debates surrounding the developmental bottlenecks in East-Central Europe. Their common goal is to analyze the manner of socio-economic transformation, question of the relevance and impact of the “middle-income trap” and identify possible ways to escape it.

Author : Ashish Vaidya
Publisher : Bloomsbury Publishing USA
Page : 981 pages
File Size : 42,5 Mb
Release : 2005-12-19
Category : Political Science
ISBN : 9781576078273

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Globalization [2 volumes] by Ashish Vaidya Pdf

This work is a comprehensive collection of cutting-edge scholarship on the economic, international business, political, legal, and environmental ramifications of globalization—one of the hottest topics of the day. International trade is as old as nations. During the last five decades, however, advances in technology and transportation have changed the scope and method of international trade. Disputes rage about the effects of these changes; advocates for different positions offer argument, but little factual or theoretical analysis. Globalization offers all the information readers need to sort out the arguments. Written with the highest degree of scholarship, intended for college students or working professionals, the encyclopedia provides both introductory material to broad economic, legal, political, and environmental theory, and in-depth analysis of how theory interacts with practice in the framework of global trade. A trader in New York can, in a matter of seconds, execute a billion-dollar currency transaction in Hong Kong. What does this transaction mean to New Yorkers, to residents of Hong Kong, and to the rest of the world? This book gives readers the tools to answer those questions.