This book provides a comparative analysis of the emerging corporate
control structures in the transition economies. It details
characteristics of corporate governance in the two largest
transition economies: Russia and Poland. It explores what kind of
ownership structures are emerging in these two countries and to
what degree they are they path-dependent and conditional on the
initial choice of privatization methods - fast ownership transfer
through the mass privatization programme and loans-for-equity
scheme in Russia, and a more 'organic' growth of the new private
sector in Poland. It examines the directions of the subsequent,
post-privatization, secondary ownership flows in both countries and
the impact of the government on corporations, implied both by the
residual shareholding of the state and by its regulatory and
administrative actions.
General
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