Contrary to expectations and announcements of policy makers in transition economies, privatization has taken longer … privatization and thus transition from a centrally planned to a market economy. Part I describes the command economy legacy … presents preliminary results from Poland's privatization experience. Part III identifies the anticipated and unanticipated …

privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …

policy towards a more active role of the state, and use privatization policy as an example. The authors examine the effects … of the privatization policy and point to a large unfinished agenda in ownership transformation that has had an adverse … the pace of privatization. They find out that it is the increasing capture of the state by rent-seeking groups, and not …