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Privatization, Corporate Governance and the Emergence of Markets : Studies in Economic Transition - Eckehard Rosenbaum

Privatization, Corporate Governance and the Emergence of Markets

Studies in Economic Transition

By: Eckehard Rosenbaum (Editor), Frank Bonker (Editor), Hans-Jurgen Wagener (Editor)

Hardcover Published: 23rd March 2000
ISBN: 9780333778920
Number Of Pages: 284

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Privatization is a major building block of transformation. Moreover, there are no precedents in Western countries for a privatization programme of the size and scope under way in Central and Eastern Europe. These peculiarities have sparked and sustained the continuing interest of economists and other social scientists in privatization. At the same time, the hitherto accumulated empirical evidence provides an unequalled opportunity to address issues, ranging from corporate governance to the relationship between privatization and the emergence of markets, which are likewise relevant for the understanding of established market economies. This book addresses these issues from a multi-disciplinary perspective, focusing on the theoretical groundwork of privatization and enterprise restructuring as well as on empirical evidence. The contributions show that changes in ownership titles are but one part of the story, being closely interwoven as they are with the transformation of corporate governance, enterprise restructuring, network transformation and the emergence of markets.

Forewordp. vii
Acknowledgementsp. viii
List of Contributorsp. ix
Privatization in Context: An Introductionp. 1
The Political and Fiscal Dimension of Privatization
Polish Mass Privatization: Success or Failure?p. 17
On the Political Economy of Privatization in Eastern Germanyp. 33
Fiscal Aspects of Privatization: the Paradox of Privatization Revenuesp. 50
Privatization, Corporate Governance and Economic Restructuring
Changing Models of Corporate Governance in OECD Countriesp. 69
Corporate Governance: a Systemic Approach with an Application to Eastern Europep. 83
Empirical Analysis of Corporate Governance in Transitionp. 98
Privatization and Corporate Governance in Transition Countries: Beyond the Principal-Agent Modelp. 123
Corporate Governance during and after Privatization: the Lessons from Hungaryp. 139
Banks and the Privatization of Enterprises in Polandp. 155
Manager Incentives and Turnover of Managers: Evidence from the Czech Republicp. 171
The Relationship between FDI, Privatization and Structural Change in Central and Eastern European Countriesp. 189
Privatization and the Emergence of Markets
Transforming Socialist Networksp. 207
Towards a Theory of Markets: Networks, Communication and Knowledgep. 223
Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europep. 237
Referencesp. 249
Name Indexp. 268
Subject Indexp. 272
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780333778920
ISBN-10: 0333778928
Series: Studies in Economic Transition
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 284
Published: 23rd March 2000
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 2.06
Weight (kg): 0.52
Edition Number: 1