This paper analyses the ownership structure emerging from the Russian privatization process, using information from a … programme was completed. The Russian ownership structure calls for a new approach to the analysis of corporate control because … privatization methods for ownership structure, on the incidence of non-voting and voting shares, and on the extent of concentration …

restructuring, investors focus control on poorly performing companies. These results stand in contrast to the US, where there is …

privatized firms there is no positive relationship between firms’ ability to pay and wage increases. Privatization appears …

The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises …-unification level. This paper argues that the government imposed an inconsistent policy toward employment on the privatization agency …, the Treuhand. Although required to take account of the shadow price of labour in the privatization negotiations (where …

asset-specific, provided insider control is strong enough to give managers enough rents from privatization. The model is … under the socialist economy, even under reforms coming short of privatization. The introduction of a managerial labour … market, through privatization, introduces competition for managers and eliminates the ratchet effect, thereby inducing …