Restructuring of Ukrainian Enterprises after Privatization: Does Ownership Structure Matter?

For a set of data from a survey of middle-sized and large industrial enterprise in Ukraine after privatization regression equations are estimated that explain the response of restructuring and performance indicators to ownership structures, competitive pressures, and hardening budget constraints. While ownership matters less for restructuring activity than competition and budget constraints, in particular concentrated outside ownership does have a significant positive impact on the firms’ performance.