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Privatization in East European Transformation
Fischer, Stanley - 2021
Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist … privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …
Persistent link: https://www.econbiz.de/10013247193
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Financial Globalization, Corporate Governance, and Eastern Europe
Stulz, René M. - 2021
For many countries, the most significant barriers to trade in financial assets have been knocked down. Yet, the financial world is not flat because poor governance prevents firms from being widely held and from taking full advantage of financial globalization. Poor governance has implications...
Persistent link: https://www.econbiz.de/10013218982
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Initial Public Offering and Corporate Governance in China's Transitional Economy
Chen, Chien-Hsun - 2010
This paper empirically investigates the performance of Chinese initial public offerings (IPOs). The data used covers the period from mid-1995 to mid-1999 with the sample including 884 companies (both in the A- and B-share markets). In an examination of growth, profitability and stability of...
Persistent link: https://www.econbiz.de/10012762840
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The Land that Lean Manufacturing Forgot? Management Practices in Transition Countries
Bloom, Nicholas - 2014
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor management practices. Their average scores are below emerging countries such as Brazil, China and...
Persistent link: https://www.econbiz.de/10013067648
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Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later
Godoy, Sergio; Stiglitz, Joseph E. - 2021
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10013234403
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The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China
Young, Alwyn - 2010
In a partially reformed economy, distortions beget distortions. Segments of the economy which are freed from centralized control respond to the rent seeking opportunities implicit in the remaining distortions of the economy. The battle to capture, and then protect, these rents leads to the...
Persistent link: https://www.econbiz.de/10013147214
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Obstacles to Transforming Centrally-Planned Economies : The Role of Capital Markets
Calvo, Guillermo A. - 2010
absence of such measures, privatization will be difficult since the necessary information about creditworthiness of firms is …
Persistent link: https://www.econbiz.de/10012762999
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Household Savings in Transition Economies
Denizer, Cevdet - 2010
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the determinants of household saving rates in transition economies. We find savings rates to increase strongly in relative income and to be significantly higher for households...
Persistent link: https://www.econbiz.de/10012763614
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What Directions for Labor Market Institutions in Eastern and Central Europe?
Freeman, Richard B. - 2021
greatly. State-owned enterprises reduced employment even absent privatization, producing sizeable joblessness and eliminating …
Persistent link: https://www.econbiz.de/10013220944
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Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences
Sachs, Jeffrey D. - 2021
During the past five years, there has been an important debate over the differing styles of market reforms in the formerly planned economies in East Asia versus Eastern Europe and the former Soviet Union (EEFSU). This paper puts forward three related propositions. First, the rapid growth of East...
Persistent link: https://www.econbiz.de/10013234355