, there have been no tangible reform steps beyond organizational restructuring, the construction of new coal railroads, some …Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus …" model of rail restructuring – have broadened into a lively policy and scholarly debate that includes as an alternative the …

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment … liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes … into account how much its own profit will increase. The government internalizes that restructuring increases the sales …

, before starting the process of enterprise restructuring, it is necessary to reform the financial sector. It also provides … restructuring. The data collected from 256 state-owned enterprises relate the real bank borrowing to the profits of the enterprises …

loans compared to the social optimum. Finally, we analyse how bank competition affects the firms' restructuring effort. We … find that restructuring has positive externalities that give rise to multiple equilibria, with either much or little … restructuring activity. …

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment … liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes … into account how much its own profit will increase. The government internalizes that restructuring increases the sales …

The paper starts by outlining some basic definitions and conceptions of restructuring, noting that in transition … restructuring that seem to me to be unusually problematic for transition economies, especially for those that are not on track to … economies the needed scale of restructuring is substantial, with the result that unemployment, and the associated social costs …

This paper examines the restructuring of state assets in markets deregulated by privatizations and investment … liberalizations. We show that the government has a stronger incentive to restructure than the buyer: A firm restructuring only takes … into account how much its own profit will increase. The government internalizes that restructuring increases the sales …