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Policies for Restructuring of the State Firms in Sector Water Supply and Sewage

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  • Spartak Keremidchiev

Abstract

The paper presents results from a complex study of the past restructuring of water and waste water sector companies. The degree and scope of defensive and strategic restructuring, as well as the main impediments associated with this process are revealed for the state-owned companies. Main policy principles for further restructuring are elaborated and proposed. The starting point in designing the principles and recommendations is that the restructuring has to lead to fast adjustment to the market conditions and to improve quality of provided services. Initiatives for establishing and carrying out policy for restructuring of state-owned companies from this sector are elaborated at government and company level.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2008)
Issue (Month): 3 ()
Pages: 66-111

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Handle: RePEc:bas:econst:y:2008:i:3:p:66-111

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  1. Djankov, Simeon, 1999. "Ownership structure and enterprise restructuring in six newly independent states," Policy Research Working Paper Series 2047, The World Bank.
  2. Andrzej Bratkowski & Irena Grosfeld & Jacek Rostowski, 1999. "Investment and Finance in De Novo Private Firms: Empiracal Results from the Czech Republic, Hungary and Poland," William Davidson Institute Working Papers Series 236, William Davidson Institute at the University of Michigan.
  3. Roman Frydman & Cheryl Gray & Marek Hessel & Andrzej Rapaczynski, 1999. "When Does Privatization Work? The Impact Of Private Ownership On Corporate Performance In The Transition Economies," The Quarterly Journal of Economics, MIT Press, vol. 114(4), pages 1153-1191, November.
  4. Grosfeld, I. & Roland, G., 1995. "Defensive and Strategic Restructuring in Central European Enterprises," DELTA Working Papers 95-18, DELTA (Ecole normale supérieure).
  5. Josef C. Brada, 1990. "Introduction," Eastern European Economics, M.E. Sharpe, Inc., vol. 28(4), pages 3-6, July.
  6. Dutz, Mark A. & Vagliasindi, Maria, 2000. "Competition policy implementation in transition economies: An empirical assessment," European Economic Review, Elsevier, vol. 44(4-6), pages 762-772, May.
  7. Josef C. Brada, 1998. "Management 101: Behavior of Firms in Transition Economies," William Davidson Institute Working Papers Series 133, William Davidson Institute at the University of Michigan.
  8. Bratkowski, A. & Grosfeld, I. & Rostowski, J., 1998. "Investment and Finance in De Novo Private Firms: Empirical Results form the Czech Republic, Hungary and Poland," DELTA Working Papers 98-19, DELTA (Ecole normale supérieure).
  9. Boeri, Tito, 1997. "Labour-Market Reforms in Transition Economies," Oxford Review of Economic Policy, Oxford University Press, vol. 13(2), pages 126-40, Summer.
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