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The Determinants of Enterprise Restructuring in Transition - An Assessment of the Evidence (Paperback)
Loot Price: R547
Discovery Miles 5 470
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The Determinants of Enterprise Restructuring in Transition - An Assessment of the Evidence (Paperback)
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Loot Price R547
Discovery Miles 5 470
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Over the last decade, more than one hundred fifty thousand large
enterprises in twenty seven transition countries have encountered
revolutionary changes in every aspect of their political and
economic environments. Some enterprises have responded to the
challenge, entering world markets with great dynamism and becoming
indistinguishable from their competitors in mature market
economies. Others remain mired in their past, undergoing protracted
deaths, delayed at times by their slippage into a netherworld of
barter and ersatz money. Thus the revolutionary changes in
transition countries have been matched by great variation in the
degree to which enterprises have responded successfully to events.
To assess the effectiveness of the different reform and
privatization strategies, empirical research on transition
countries has examined enterprise level data to ascertain whether
enterprises have responded productively to changes in ownership and
to other reform measures. This volume provides a general assessment
of the evidence generated by these studies. In providing the
assessment, it: discusses the general context of the studies;
assesses the evidence on whether state-owned or privatized firms
undertake more economic restructuring; studies the effects of
restructuring on different types of owners; focuses on the role of
managers; analyzes the effect of greater discipline in the
government's reaction to enterprises in distress; examines how
variations in product market competition affect enterprise
restructuring; and examines the role of the institutional and legal
framework. This publication will be of interest to policy makers
and readers interested in gaining an overview of the current state
of the evidence.
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