Enterprise Restructuring in Transition: A Quantitative Survey
London School of Economics & Political Science (LSE); Peter G. Peterson Institute for International Economics
University of Maryland - Department of Economics
CEPR Discussion Paper No. 3319
We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The survey provides new insights into the relative effectiveness of different reform policies, and into how this effectiveness varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human capital, on enterprise restructuring.
Number of Pages in PDF File: 107
Keywords: Restructuring, transition, privatization, competition, soft-budgets, managers, institutions
JEL Classification: L10, L33, O12, P00
Date posted: May 14, 2002
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