107 Pages Posted: 14 May 2002
Date Written: April 2002
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.
Keywords: Restructuring, transition, privatization, competition, soft-budgets, managers, institutions
JEL Classification: L10, L33, O12, P00
Suggested Citation: Suggested Citation
Djankov, Simeon and Murrell, Peter, Enterprise Restructuring in Transition: A Quantitative Survey (April 2002). CEPR Discussion Paper No. 3319. Available at SSRN: https://ssrn.com/abstract=312022
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