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In earlier papers on “Socialist privatization” Feige proposed a sequential set of stabilization, privatization and …
Persistent link: https://www.econbiz.de/10005118677
adjustment process in order to avoid a crisis of constitutional authority. A program of “Socialist Privatization” is proposed as …
Persistent link: https://www.econbiz.de/10005118685
of an egalitarian distribution of income and wealth? I propose a sequential set of stabilization, privatization and …
Persistent link: https://www.econbiz.de/10005118763
and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to …
Persistent link: https://www.econbiz.de/10005062463
The note documents and discusses the modalities and consequences of the phenomenon of siphoning profits of state enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition.
Persistent link: https://www.econbiz.de/10005076580
Persistent link: https://www.econbiz.de/10005076897
manufacturing sector after privatization. It starts with the argumentation that the most important actors in the post-privatization … ownership structure in the Czech Republic were investment privatization funds, followed by the state, and that the ‘rules of the … leads to the hypothesis that the concentration-restructuring function in the post- privatization Czech environment is …
Persistent link: https://www.econbiz.de/10005077013
We use new firm-level data to examine the effects of spinoffs and privatization on corporate performance in a rapidly … spinoffs increase the firm’s profitability but do not alter its scale of operations, while the effect of privatization … consistent with tunneling (looting) by managers or (partial) owners. The effects of privatization are hence much less clear …
Persistent link: https://www.econbiz.de/10005077066
In a framework similar to the models of expectation on economic policy, we purpose a model where the government subsidizes firms privatized by massive giveaways to the managers who are empire- builders. The government injects funds because its aim is to avoid a drastic fall of output when a...
Persistent link: https://www.econbiz.de/10005556046
A variety of proposals for creating more competition within the railroad sector and in the broader freight transport sector are under consideration in countries throughout the world. Brazil, though something of a latecomer to wider infrastructure reform, has recently taken large steps in...
Persistent link: https://www.econbiz.de/10005556074