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The reduced influence of soft budget constrints is often seen as an explanation for the successful growth of China's non-state sector. Views differ, however, as to whether collectively owned rural enterprise are in fact subject to hard financial discipline. This paper reports an inquiry into the...
Persistent link: https://www.econbiz.de/10005649380
related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine … ownership; (iii) allocation of ownership depends on the pre- privatisation origin and location of the firm, and these factors …
Persistent link: https://www.econbiz.de/10005412700
This paper is concerned with the micro-level effects of privatisation in South-East Europe, focusing on the experiences … economies in Eastern Europe to implement privatisation as far back as 1989, based on the sale of shares to ‘insiders’. However … Republic of Serbia approaching the introduction of revised privatisation programmes in the latter part of the decade from a …
Persistent link: https://www.econbiz.de/10005467391
In their privatization programs, transition governments have frequently given away shares (so-called `mass privatization'), while maintaining significant minority ownership. We explain the rationality of these policies for an expected net-revenue maximizing government. Our argument rests on a...
Persistent link: https://www.econbiz.de/10005666469
related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine … ownership; (iii) allocation of ownership depends on the pre-privatisation origin and location of the firm, and these factors …
Persistent link: https://www.econbiz.de/10005677680
related to the determinants of ownership structures and ownership changes after privatisation. A key focus is to determine … ownership; (iii) allocation of ownership depends on the pre-privatisation origin and location of the firm, and these factors …
Persistent link: https://www.econbiz.de/10005771114
Persistent link: https://www.econbiz.de/10010593518
Persistent link: https://www.econbiz.de/10010593529
Persistent link: https://www.econbiz.de/10010593531
privatisation that results in the indirect control of privatised companies by banks, which are controlled by the government. The …
Persistent link: https://www.econbiz.de/10010668972