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Enterprise Restructuring in Transition: A Quantitative Survey

Simeon Djankov

New Economic School (NES)

Peter Murrell

University of Maryland - Department of Economics

April 2002

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  

Suggested Citation

Djankov, Simeon and Murrell, Peter, Enterprise Restructuring in Transition: A Quantitative Survey (April 2002). CEPR Discussion Paper No. 3319. Available at SSRN: http://ssrn.com/abstract=312022

Contact Information

Simeon Djankov (Contact Author)
New Economic School (NES) ( email )
47 Nakhimovsky Prospekt
Moscow, 117418
HOME PAGE: http://www.nes.ru
Peter Murrell
University of Maryland - Department of Economics ( email )
College Park, MD 20742
United States
301-405-3476 (Phone)
301-405-3542 (Fax)
Feedback to SSRN

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References:  195
Citations:  246
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