Eastern Europe's enterprises are undergoing fundamental reform. This paper evaluates alternative forms of corporate restructuring, emphasizing different sequences in which reforms can be organized. In some countries, restructuring is undertaken by the state prior to privatization; in some,...

The credit crunch was most likely viewed as a mixed blessing by many private equity executives. On the one hand, it signalled the end of the most favourable set of economic conditions the private equity industry had ever witnessed: abundant capital, low interest rates, increasing stock market...