We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …

This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic …. Despite differences in restructuring policies, the pattern of observed restructuring appears similar in the three countries … activities. Strategic restructuring, involving thoughtful business projects and modernization investments, is much more limited …

This paper examines aspects of speed and sequencing of restructuring and privatization in economies in transition. It … constraints on restructuring, a very fast and non-differentiated approach to privatization may lead to renationalization and … general delays in restructuring. A more gradual policy of privatization may allow for the screening of good from bad firms …

restructuring even in the absence of a clear prospect of privatization. It situates enterprise restructuring at the heart of the …This paper begins from the twin observation that on the one hand, privatization which leaves control in the hands of … the insiders has produced little restructuring while on the other, state-owned enterprises have engaged in some …

We survey the empirical literature analysing the process of enterprise restructuring in transition economies. The … capital, on enterprise restructuring. … varies across regions. We study the effects of privatization, the importance of different types of owners, the effects of …

This essay deals with the issues of privatisation and restructuring in transition economies. The topics are addressed … ownership structure. Finally, the link to the government’s fiscal situation is drawn, the costs of restructuring to the … resulting ownership form and the expected and actual effect on restructuring behaviour of firms. The essay identifies a slow …

We construct and analyze a unique database with 1992-99 information on privatization transactions and labor … describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … and domestic blockholders, but insider and mass privatization are also estimated to have positive, although smaller …